NOT LISTED FOR SALE

Estimated Value: $1,107,000 - $1,387,000

4 Beds
3 Baths
1,693 Sq Ft
$738/Sq Ft Est. Value

Last Sold July 31, 2019

Last sale price $905,000 $535 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,793/month

14 Days on Market

Highlights

  • Attached Guest House
  • Property is near public transit
  • High Ceiling
  • Open Floorplan
  • Corner Lot
  • Private Yard

About This Home

As of July 2019

Beautiful 3 bedroom, 2 bathroom single story house that was torn to the studs and fully renovated in 2019, plus This stunning property is located 5 minutes from both the heart of the NoHo Arts District and the future home of NoHo West, an enormous mixed-use development project that is poised to take North Hollywood to a whole new level!
There are 2 units on same lot and the subject one is main house. This immaculate unit is situated on a 8,012 square foot corner lot that has been landscaped beautifully! Other notable features include: thoughtfully designed floorplans, top-of-the-line finishes, stainless steel appliances, new washer/dryer, chic bathrooms, kitchens that are to die for, high-quality sound proofing the unit, tankless water heater, and 3 parking spots.
The garage has been converted into a guest house, and is a separate rental. The back area is shared with the other leased unit. There are separate address, gas, water & electric meters. Plenty of privacy between the main house and guest house.
This Fabulous location is just minutes from Universal City Walk and NoHo Art District. Available for immediate occupancy.
Storage shed will be installed in the backyard and carport/patio cover will be built.

Last Agent to Sell the Property

Elizabeth Maddox

Myunits.com Inc. License #01921425 Listed on: 06/11/2019

Co-Listed By

Ian Maddox

Myunits.com Inc. License #02030205

Last Buyer's Agent

William Park

Coldwell Banker Quality Properties License #00967075

Coldwell Banker Quality Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,982

Year Built

  • Built in 2010

Lot Details

  • 8,012 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Fence is in excellent condition
  • Landscaped
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Lawn
  • Back and Front Yard

Home Design

  • Duplex
  • Turnkey

Interior Spaces

  • 1,693 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Recessed Lighting
  • Living Room
  • Laminate Flooring
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Additional Homes

  • Two Homes on a Lot
  • Attached Guest House

Additional Features

  • Exterior Lighting
  • Property is near public transit
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 110
  • Tax Tract Number 12055
  • Assessor Parcel Number 2336028022

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $700
  • Maintenance Expense $1,000
  • New Taxes Expense $10,943
  • Operating Expense $13,843
  • Gross Income $5,545
  • Net Operating Income $50,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,982

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Price Per Unit: 457500
  • Property Attached: Yes
  • View: Yes
  • Zoning: LAR1
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 2336028022
  • Year Built: 2010
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: High Ceilings, Open Floorplan, Recessed Lighting
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 534.55
  • Room Type: Living Room, Master Bedroom

Exterior Features

  • Other Structures: Guest House, Guest House Attached, Two On A Lot
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Excellent Condition
  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Microwave
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Landscaped, Lawn, Level with Street, Rectangular Lot, Near Public Transit, Yard
  • Lot Size Sq Ft: 8012.00
  • Lot Size Acres: 0.1839

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 499 Square Feet
  • Average3 Bed Area: 1194 Square Feet
  • Gross Income: 5545.00
  • Gross Operating Income: 64544.00
  • Gross Scheduled Income: 66540.00
  • Insurance Expense: 700.00
  • Lot Size Area: 8012.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 50700.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Operating Expense: 13843.00
  • Rent Control: No
  • Total Expenses: 13843.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10943.00
  • Tax Census Tract: 1242.01
  • Tax Lot: 110
  • Tax Tract Number: 12055

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2019
Closed on
Jun 27, 2019
Sold by
Title Homes Llc
Bought by
Spencer H Lee
Seller's Agent
Elizabeth Maddox
Myunits.com Inc.
Buyer's Agent
William Park
Coldwell Banker Quality Properties
List Price
$915,000
Sold Price
$905,000
Premium/Discount to List
-$10,000
-1.09%
Current Estimated Value
$1,249,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$344,310
Avg. Annual Appreciation
5.44%
Original Mortgage
$605,000
Outstanding Balance
$548,812
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$700,498

Purchase Details

Listed on
Aug 10, 2018
Closed on
Aug 27, 2018
Sold by
Brechtel Ronald V and Estate Of Marilyn Ann Averseng
Bought by
Title Homes Llc
Seller's Agent
Patricia So
Compass
Buyer's Agent
Sabrina Allen
List Price
$530,000
Sold Price
$525,000
Premium/Discount to List
-$5,000
-0.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
85.67%
Original Mortgage
$607,528
Interest Rate
4.6%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Spencer H Lee $905,000 First American Title Company
Title Homes Llc $525,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spencer H Lee $410,000
Open Spencer H Lee $605,000
Previous Owner Title Homes Llc $607,528
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2019 10/01/19 Rented $3,300 -9.6% --
09/24/2019 09/24/19 Under Contract -- -- --
08/02/2019 08/02/19 For Rent $3,650 0.0% --
07/31/2019 07/31/19 Sold $905,000 -1.1% $535 / Sq Ft
06/25/2019 06/25/19 Pending -- -- --
06/11/2019 06/11/19 For Sale $915,000 +74.3% $540 / Sq Ft
09/14/2018 09/14/18 Sold $525,000 -0.9% $440 / Sq Ft
08/24/2018 08/24/18 Pending -- -- --
08/10/2018 08/10/18 For Sale $530,000 -- $444 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,982 $989,743 $546,820 $442,923
2024 $11,982 $970,338 $536,099 $434,239
2023 $11,751 $951,313 $525,588 $425,725
2022 $11,205 $932,661 $515,283 $417,378
2021 $11,068 $914,375 $505,180 $409,195
2020 $11,180 $905,000 $500,000 $405,000
2019 $6,442 $525,000 $400,000 $125,000
2018 $828 $54,891 $40,049 $14,842
2016 $778 $52,761 $38,495 $14,266
2015 $769 $51,969 $37,917 $14,052
2014 $783 $50,952 $37,175 $13,777
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB19137033

California Regional Multiple Listing Service (CRMLS)

APN: 2336-028-022