NOT LISTED FOR SALE

Estimated Value: $1,284,000 - $1,867,946

8 Beds
4 Baths
3,358 Sq Ft
$466/Sq Ft Est. Value

Last Sold December 20, 2019

Last sale price $1,299,000 $387 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $9,964/month

16 Days on Market

About This Home

As of December 2019

Fantastic opportunity to own income property in prime NOHO Arts District. Charming 4 plex located on quiet street. All units are 2+1 and Occupied. Several units have been updated. Close proximity to NoHo Arts District, NoHo West, Universal Studios, shopping, restaurants and many more. Great Upside! Short commute to 170 & 101/134 Freeways. Don't miss this great investment opportunity!

Last Agent to Sell the Property

Gina Covello

Equity Union License #01323543 Listed on: 10/17/2019

Equity Union

Last Buyer's Agent

Michael Hariri

Madison Real Estate, Inc. License #01920326

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,171

Year Built

  • Built in 1950

Lot Details

  • 5,333 Sq Ft Lot

Interior Spaces

  • 3,358 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 2350-004-053

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,171

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 3358
  • Stories: 2
  • Year Built: 1950
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 386.84

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Other Spaces: 4
  • Total Parking: 4

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessed Improvement Value: 189881
  • Assessed Land Value: 367516
  • Assessor Parcel Number: 2350-004-053
  • Geocode Override: No
  • Lot Size Area: 5333

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 21.00
  • Number Of Units: 4
  • Number Wall A C: 4
  • Rent Control: 100
  • Total Annual Expense: 41000
  • Type Of Units: Rentals
  • Vacancy Rate: 0

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2019
Closed on
Nov 5, 2019
Sold by
Alvarez Mario Z and Alvarez Meta L
Bought by
Hariri Taraneh and Hariri Parviz
Seller's Agent
Gina Covello
Equity Union
Buyer's Agent
Michael Hariri
Madison Real Estate, Inc.
List Price
$1,299,000
Sold Price
$1,299,000
Total Days on Market
16
Current Estimated Value
$1,565,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,987
Avg. Annual Appreciation
3.34%

Purchase Details

Closed on
Mar 20, 2017
Sold by
Alvarez Mario Z and Alvarez Meta L
Bought by
Alvarez Mario Z and Alvarez Meta L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2006
Sold by
Alvarez Mario Z and Alvarez Meta L
Bought by
Alvarez Mario Z and Alvarez Meta L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
8.05%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 24, 2005
Sold by
Alvarez Mario Z and Alvarez Meta L
Bought by
Alvarez Mario Z and Alvarez Meta L

Purchase Details

Closed on
Jul 8, 2003
Sold by
Scarano Nick and Scarano Lorraine M
Bought by
Alvarez Mario Z and Alvarez Meta L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 2000
Sold by
Gonzalez Jorge Javier and Scarano Nick
Bought by
Scarano Nick and Scarano Lorraine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,900
Interest Rate
8.19%

Purchase Details

Closed on
Apr 26, 2000
Sold by
Ralston Carleton H and Ralston Ingrid L
Bought by
Gonzalez Jorge Javier and Scarano Nick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,900
Interest Rate
8.19%
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
Hariri Taraneh $1,299,000 Fidelity National Title Co
Alvarez Mario Z -- None Available
Alvarez Mario Z -- New Century Title Company
Alvarez Mario Z -- --
Alvarez Mario Z $455,000 Orange Coast Title Company
Scarano Nick $169,000 American Title Co
Gonzalez Jorge Javier -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hariri Michael S $4,000,000
Previous Owner Alvarez Mario Z $495,000
Previous Owner Alvarez Mario Z $461,500
Previous Owner Alvarez Mario Z $412,000
Previous Owner Alvarez Mario Z $380,000
Previous Owner Alvarez Mario Z $364,000
Previous Owner Scarano Nick $286,000
Previous Owner Scarano Nick $238,133
Previous Owner Scarano Nick $168,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2019 12/20/19 Sold $1,299,000 0.0% $387 / Sq Ft
11/02/2019 11/02/19 Pending -- -- --
10/17/2019 10/17/19 For Sale $1,299,000 -- $387 / 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 $17,171 $1,420,642 $984,280 $436,362
2024 $17,171 $1,392,787 $964,981 $427,806
2023 $16,840 $1,365,478 $946,060 $419,418
2022 $16,057 $1,338,705 $927,510 $411,195
2021 $15,853 $1,312,457 $909,324 $403,133
2019 $7,234 $579,914 $382,363 $197,551
2018 $7,148 $568,544 $374,866 $193,678
2016 $6,807 $546,468 $360,310 $186,158
2015 $6,710 $538,260 $354,898 $183,362
2014 $6,754 $527,718 $347,947 $179,771
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-521384

The MLS

APN: 2350-004-053