NOT LISTED FOR SALE

Estimated Value: $1,217,000 - $1,781,310

5 Beds
4 Baths
2,380 Sq Ft
$643/Sq Ft Est. Value

Last Sold August 06, 2018

Last sale price $1,199,000 $504 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $9,262/month

15 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Herbert Hoover High School Rated A-
  • Foothills

About This Home

As of August 2018

Rare front house/rear duplex property in the foothills of the Verdugo Mountains, Kenneth Village adjacent.
This lovingly maintained property consists of a completely updated 1926 3 br 2 ba front house and a pristinely maintained 1952 rear duplex, each unit w/ 1 br 1 ba, full-size kitchen, and AC. Front house includes AC and all new plumbing and electrical on 24 circuits and a detached 2 car garage with power and opener. All units share a dedicated laundry room and large back yard behind house and in front of duplex. Each duplex unit has its own semi-private rear patio suitable for contemplating one’s position in the universe while sipping iced tea on a balmy Summer eve. Interiors in house and duplex celebrate period-specific details, including 1920’s refurbished hardware, light fixtures and tilework in house and 1950’s era kitchen/bath tilework and fixtures in the duplex. All infrastructure updates complete, including new gas and sewer lines with full-size cleanouts. House and duplex feature beautifully renovated hardwood floors, upgraded foundation including bolting and additional piers. Yards feature automated sprinkler system bordered by tasteful shrub, tree and plants all around.

Last Agent to Sell the Property

Stuart Schonwetter

RE/MAX One License #01015261 Listed on: 07/01/2018

RE/MAX One

Last Buyer's Agent

Jim Sandoval

Park Regency Realty License #01726729

Park Regency Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 8,143 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,380 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 12
  • Tax Tract Number 3196
  • Assessor Parcel Number 5623014001

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Foothills

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Fuel Expense $216
  • Gardener Expense $762
  • Insurance Expense $1,100
  • Other Expense $1,400
  • Water Sewer Expense $4,439
  • New Taxes Expense $15,000
  • Operating Expense $28,088
  • Gross Income $62,650
  • Net Operating Income $51,711

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

8,143 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 4.30
  • Property Attached: Yes
  • Water Sewer Expenses: 4439.00
  • Zoning: GLR4YY
  • Property Type: Residential Income
  • Gardener Expense: 762.00
  • Parcel Number: 5623014001
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 503.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Foothills, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8143.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 216.00
  • Gross Income: 62650.00
  • Gross Multiplier: 15.03
  • Gross Operating Income: 62650.00
  • Gross Scheduled Income: 79800.00
  • Insurance Expense: 1100.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 600.00
  • Net Operating Income: 51711.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 28088.00
  • Other Expense: 1400.00
  • Other Expense Description: Repairs
  • Rent Control: No
  • Total Expenses: 28088.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Census Tract: 3015.02
  • Tax Lot: 12
  • Tax Tract Number: 3196

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2018
Closed on
Jul 18, 2018
Sold by
Margossian Carlos A
Bought by
Margossian Antoinette
Seller's Agent
Stuart Schonwetter
RE/MAX One
Buyer's Agent
Jim Sandoval
Park Regency Realty
List Price
$1,200,000
Sold Price
$1,199,000
Premium/Discount to List
-$1,000
-0.08%
Current Estimated Value
$1,529,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,828
Avg. Annual Appreciation
3.25%

Purchase Details

Listed on
Jul 1, 2018
Closed on
Jul 13, 2018
Sold by
Baker Cheryl Ann and Cheryl Ann Baker Family Trust
Bought by
Kojayan Louisa and Margossian Antoinette
Seller's Agent
Stuart Schonwetter
RE/MAX One
Buyer's Agent
Jim Sandoval
Park Regency Realty
List Price
$1,200,000
Sold Price
$1,199,000
Premium/Discount to List
-$1,000
-0.08%

Purchase Details

Closed on
Jul 27, 2014
Sold by
Baker Cheryl L
Bought by
Baker Cheryl Ann and Cheryl Ann Baker Family Trust

Purchase Details

Closed on
May 5, 2010
Sold by
Baker Michael D
Bought by
Baker Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,000
Interest Rate
5.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2000
Sold by
Baker Michael D
Bought by
Baker Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,500
Interest Rate
8.06%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 28, 1994
Sold by
Bankers Trust Company Of California Na
Bought by
Baird Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,275
Interest Rate
6.43%

Purchase Details

Closed on
Jul 12, 1994
Sold by
Professional Foreclosure Corp
Bought by
Bankers Trust Company Of California Na

Purchase Details

Closed on
Feb 19, 1994
Sold by
Kwon You Suk
Bought by
Fong Douglas and Mathews John
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Margossian Antoinette -- Lawyers Title Company
Kojayan Louisa -- Lawyers Title Company
Kojayan Louisa $1,199,000 Lawyers Title Company
Baker Cheryl Ann -- None Available
Baker Cheryl -- Lsi Title Company
Baker Cheryl -- American Title Co
Baird Cheryl $225,000 --
Bankers Trust Company Of California Na $182,079 First Southwestern Title
Fong Douglas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baker Cheryl $481,000
Previous Owner Baker Cheryl $34,500
Previous Owner Baird Cheryl $202,275
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2018 08/06/18 Sold $1,199,000 -0.1% $504 / Sq Ft
07/16/2018 07/16/18 Pending -- -- --
07/01/2018 07/01/18 For Sale $1,200,000 -- $504 / 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 $14,574 $1,337,502 $802,055 $535,447
2024 $14,574 $1,311,278 $786,329 $524,949
2023 $14,242 $1,285,567 $770,911 $514,656
2022 $13,995 $1,260,361 $755,796 $504,565
2021 $13,756 $1,235,649 $740,977 $494,672
2020 $13,559 $1,222,980 $733,380 $489,600
2019 $13,229 $1,199,000 $719,000 $480,000
2018 $3,843 $332,126 $132,848 $199,278
2016 $3,648 $319,232 $127,691 $191,541
2015 $3,576 $314,437 $125,773 $188,664
2014 $3,565 $308,279 $123,310 $184,969
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18147229

California Regional Multiple Listing Service (CRMLS)

APN: 5623-014-001

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