Seller's Agent in 2018
Elizabeth Maddox
Myunits.com Inc.
(818) 850-8485
21 in this area
95 Total Sales
11151 Morrison St Los Angeles, CA 91601
North Hollywood NeighborhoodEstimated Value: $1,718,000 - $1,989,000
6
Beds
5
Baths
3,997
Sq Ft
$465/Sq Ft
Est. Value
About This Home
As of October 201811151 Morrison St is a triplex on 7,767 square feet of land that is zoned R4 in a Tier 1 Transit Oriented Community. This is one of the last developable LAR4 lots in the NoHo Arts District, meaning that this is just about the rarest land deal you’ll find.
What does LAR4 with Tier 1 TOC mean? You can obtain a 50% density bonus and by right, you can build one unit per 400 square feet of land! That comes out to 29 units (buyer must do their own due diligence, seller and agent make no guarantees). Additionally, the current triplex is a whopping 3,997 SF, which makes it a great deal ($344 per SF) for those of you looking to own a triplex rather than build!
11151 Morrison St is located in the heart of the outrageously trendy NoHo Arts District. It is steps away from the neighborhood’s hub of Lankershim Blvd. A new Whole Foods market is currently being constructed 0.3 miles from this building– a great sign that this is a dream development opportunity. Additionally, this parcel is one door away from “The Hesby”, an apartment complex where 3 bedrooms start at $4,139, 2 bedrooms start at $2,995, and 1 bedrooms start at $2,362.
The triplex in place is made up of three 2 bedroom units (two 2 bathrooms and one 1 bathroom). The building is generating $5,213 monthly. None of the tenants are qualified. The pro forma cap rate is at 4.59%!
Last Agent to Sell the Property
Myunits.com Inc. License #01921425 Listed on: 10/24/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1939
Lot Details
- 7,767 Sq Ft Lot
- Two or More Common Walls
- Value in Land
Parking
- 3 Car Garage
Home Design
- 3,997 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Additional Features
- Laundry Room
- Exterior Lighting
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 7634
- Assessor Parcel Number 2353011006
Community Details
Overview
- 3 Units
Building Details
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $1,700
- Maintenance Expense $1,200
- Water Sewer Expense $1,700
- New Taxes Expense $16,404
- Operating Expense $21,804
- Gross Income $5,213
- Net Operating Income $40,127
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 22, 2020
Sold by
Vyugov Andrey
Bought by
New Day Investments Llc
Current Estimated Value
Purchase Details
Closed on
Jun 11, 2019
Sold by
Vyugov Andrey and Vyugova Elena
Bought by
Vyugova Andrey and Vyugov Elena
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,000
Interest Rate
4.1%
Mortgage Type
Commercial
Purchase Details
Listed on
Oct 24, 2018
Closed on
Oct 19, 2018
Sold by
Mb Morrison Holdings Llc
Bought by
Vyugov Andrey and Vyugova Elena
Seller's Agent
Elizabeth Maddox
Myunits.com Inc.
Buyer's Agent
Elizabeth Maddox
Myunits.com Inc.
List Price
$1,375,000
Sold Price
$1,375,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%
Original Mortgage
$962,500
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 4, 2018
Sold by
Sauer Timothy J and Sauer Constance J
Bought by
Moran Michael J and Moran Dolores
Purchase Details
Closed on
May 18, 2006
Sold by
Sauer Timothy J and Sauer Constance J
Bought by
Sauer Timothy J and Sauer Constance J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.08%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 29, 2003
Sold by
Elliano Jack and Elliano Helen
Bought by
Sauer Timothy J and Sauer Constance J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.91%
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| New Day Investments Llc | -- | None Available | |
| Vyugov Andrey | -- | None Available | |
| Vyugova Andrey | -- | Chicago Title Company | |
| Vyugov Andrey | $1,375,000 | Fidelity National Title Comp | |
| Mb Morrison Holdings Llc | -- | Fidelity National Title Comp | |
| Moran Michael J | $1,250,000 | Fidelity National Title Comp | |
| Sauer Timothy J | -- | Southland Title | |
| Sauer Timothy J | $400,000 | Commerce Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Vyugova Andrey | $291,000 | |
| Previous Owner | Vyugov Andrey | $962,500 | |
| Previous Owner | Sauer Timothy J | $700,000 | |
| Previous Owner | Sauer Timothy J | $320,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/26/2018 10/26/18 | Sold | $1,375,000 | 0.0% | $344 / Sq Ft |
| 10/24/2018 10/24/18 | Pending | -- | -- | -- |
| 10/24/2018 10/24/18 | For Sale | $1,375,000 | -- | $344 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $18,807 | $1,547,876 | $898,418 | $649,458 |
| 2024 | $18,807 | $1,517,526 | $880,802 | $636,724 |
| 2023 | $18,445 | $1,487,772 | $863,532 | $624,240 |
| 2022 | $17,593 | $1,458,600 | $846,600 | $612,000 |
| 2021 | $17,215 | $1,417,029 | $824,453 | $592,576 |
| 2020 | $17,388 | $1,402,500 | $816,000 | $586,500 |
| 2019 | $16,703 | $1,375,000 | $800,000 | $575,000 |
| 2018 | $6,533 | $509,142 | $203,655 | $305,487 |
| 2016 | $6,212 | $489,374 | $195,748 | $293,626 |
| 2015 | $6,126 | $482,024 | $192,808 | $289,216 |
| 2014 | $6,163 | $472,583 | $189,032 | $283,551 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Maddox
-
Ian Maddox
I
Seller Co-Listing Agent in 2018
Ian Maddox
Myunits.com Inc.
(818) 859-7242
14 in this area
57 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB18262346
APN: 2353-011-006
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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