NOT LISTED FOR SALE

Estimated Value: $1,970,000 - $2,813,043

4 Beds
4 Baths
4,129 Sq Ft
$596/Sq Ft Est. Value

Last Sold June 11, 2015

Last sale price $1,775,000 $430 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $16,466/month

9 Days on Market

Highlights

  • Living Room with Fireplace
  • 5 Car Attached Garage
  • Built-In Features
  • Hancock Park Elementary Rated 9+

About This Home

As of June 2015

FABULOUS FOURPLEX IN PRIME BEVERLY GROVE WITH VACANT OWNER'S UNIT. Located on one of the best streets in Beverly Grove, this property consists of four spacious one bedroom, one bathroom units with beautiful period details, hardwood floors, generous living rooms with fireplaces, formal dining rooms, balconies for the upper units, laundry areas inside each unit and convenient front and rear entrances. The property also offers three single car garages, one double garage and one additional surface parking space. The garages are separately leased at the following rents: $185, $195, $210, and $360 per month. This is a trust sale with no court confirmation required and property is in primarily original condition. Close proximity to shops and dining on Third Street, The Grove, Farmer's Market, Cedars and the Beverly Center. Excellent opportunity for an investor or owner/user with great upside potential!

Last Agent to Sell the Property

Allison Schwarz

Compass License #01878458 Listed on: 05/03/2015

Compass

Last Buyer's Agent

Michael Nigosian

Michael Nickolas Nigosian License #01892381

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,704

Year Built

  • Built in 1936

Lot Details

  • 6,558 Sq Ft Lot

Parking

  • 5 Car Attached Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,129 Sq Ft Home
  • Built-In Features
  • Living Room with Fireplace
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Window Unit Cooling System
  • Gravity Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5511-008-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,704

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4129
  • Year Built: 1936
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room
  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Built-Ins, Range/Oven
  • Price Per S Q F T: 399.61

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage - 1 Car, Garage - 2 Car, Garage Is Detached, Parking Space
  • Total Parking: 5

Utilities

  • Cooling: Window Unit(s)
  • Heating: Gravity

Lot Info

  • Assessed Improvement Value: 82578
  • Assessed Land Value: 55579
  • Assessor Parcel Number: 5511-008-017
  • Geocode Override: No
  • Lot Size Area: 6558

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Fourplex
  • Vacancy Rate: 25%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2015
Closed on
May 13, 2015
Sold by
Witkin Gail
Bought by
Harpelll Llc
Seller's Agent
Allison Schwarz
Compass
Buyer's Agent
Michael Nigosian
Michael Nickolas Nigosian
List Price
$1,650,000
Sold Price
$1,775,000
Premium/Discount to List
$125,000
7.58%
Current Estimated Value
$2,616,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$841,077
Avg. Annual Appreciation
3.26%

Purchase Details

Closed on
Aug 20, 2014
Sold by
Walker Olive
Bought by
Walker Olive M and Olive M Walker Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Harpelll Llc $1,775,000 Equity Title
Walker Olive M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harper111 Llc $950,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2015 06/11/15 Sold $1,775,000 +7.6% $430 / Sq Ft
05/12/2015 05/12/15 Pending -- -- --
05/03/2015 05/03/15 For Sale $1,650,000 -- $400 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $25,704 $2,133,276 $1,201,846 $931,430
2024 $25,704 $2,091,448 $1,178,281 $913,167
2023 $25,209 $2,050,440 $1,155,178 $895,262
2022 $24,042 $2,010,236 $1,132,528 $877,708
2021 $23,740 $1,970,821 $1,110,322 $860,499
2019 $23,031 $1,912,368 $1,077,391 $834,977
2018 $22,893 $1,874,871 $1,056,266 $818,605
2016 $21,885 $1,802,068 $1,015,250 $786,818
2015 $2,004 $140,916 $56,689 $84,227
2014 -- $138,157 $55,579 $82,578
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-899239

The MLS

APN: 5511-008-017