NOT LISTED FOR SALE

1159 Hyperion Ave Los Angeles, CA 90029

Estimated Value: $1,745,378 - $1,813,000

6 Beds
6 Baths
3,384 Sq Ft
$526/Sq Ft Est. Value

Last Sold May 12, 2020

Last sale price $1,300,000 $384 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $11,200/month

477 Days on Market

About This Home

As of May 2020

Rarely on the market apartment building in highly sought after city of Silver Lake. 6, 1bd 1ba apartments in well maintained building managed by professional property management company. Centrally located to all shopping, restaurants, and entertainment and just minutes away from the Hollywood hills and Echo park. Property is sold "AS-IS"

Last Agent to Sell the Property

Al Mejia

Al Mejia Real Estate License #01367743 Listed on: 08/15/2018

Last Buyer's Agent

Al Mejia

Al Mejia Real Estate License #01367743 Listed on: 08/15/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,663

Year Built

  • Built in 1924

Lot Details

  • 6,460 Sq Ft Lot
  • 1 Common Wall
  • Density is 6-10 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Parking Permit Required

Home Design

  • 3,384 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 4
  • Tax Tract Number 1954
  • Assessor Parcel Number 5429013019

Community Details

Overview

  • 3 Buildings
  • 6 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $737
  • Fuel Expense $250
  • Insurance Expense $1,440
  • Professional Management Expense $600
  • Trash Expense $737
  • Water Sewer Expense $737
  • New Taxes Expense $3,134
  • Operating Expense $7,635
  • Gross Income $71,854
  • Net Operating Income $64,315

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,663

Year Built

Built in 1924

Lot Details

0

Parking

3

Listing Details

  • Professional Management Expense: 600.00
  • Property Attached: Yes
  • Water Sewer Expenses: 737.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5429013019
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 384.16

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Permit Required
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 737.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6460.00
  • Lot Size Acres: 0.1483

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 737.00
  • Fuel Expense: 250.00
  • Gross Income: 71854.00
  • Gross Scheduled Income: 71844.00
  • Insurance Expense: 1440.00
  • Lot Size Area: 6460.0000 Square Feet
  • Net Operating Income: 64315.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 7539.00
  • Rent Control: Yes
  • Total Expenses: 7635.00

Tax Info

  • New Taxes Expense: 3134.00
  • Tax Census Tract: 1954.00
  • Tax Lot: 4
  • Tax Tract Number: 1954

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2019
Sold by
Wilson Bert Ert and Duke Elma Wilson
Bought by
Chaudhry Atif and Chaudhry Samina
Current Estimated Value
$1,776,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 20, 2016
Sold by
Duke William and Duke Elma
Bought by
Wilson Duke William C and Wilson Duke Elma

Purchase Details

Closed on
Jun 19, 1999
Sold by
Duke William and Duke Elma
Bought by
Wilson Duke William C and Wilson Duke Elma

Purchase Details

Closed on
Oct 23, 1986
Sold by
Wilson Lorraine C
Bought by
Duke William and Duke Elma
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
Chaudhry Atif $1,300,000 Lawyers Title Insurance Co
Wilson Duke William C -- None Available
Wilson Duke William C -- --
Duke William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chaudhry Atif $1,000,000
Closed Chaudhry Atif Javed $400,000
Previous Owner Chaudhry Atif $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2020 05/12/20 Sold $1,300,000 0.0% $384 / Sq Ft
04/01/2020 04/01/20 Off Market $1,300,000 -- --
11/22/2019 11/22/19 For Sale $1,499,999 +15.4% $443 / Sq Ft
08/26/2019 08/26/19 Off Market $1,300,000 -- --
08/26/2019 08/26/19 For Sale $1,499,999 +15.4% $443 / Sq Ft
06/26/2019 06/26/19 Off Market $1,300,000 -- --
06/26/2019 06/26/19 For Sale $1,499,999 +15.4% $443 / Sq Ft
09/04/2018 09/04/18 Off Market $1,300,000 -- --
08/15/2018 08/15/18 For Sale $1,499,999 -- $443 / 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 $17,663 $1,421,736 $984,280 $437,456
2024 $17,663 $1,393,860 $964,981 $428,879
2023 $17,331 $1,366,530 $946,060 $420,470
2022 $16,548 $1,339,736 $927,510 $412,226
2021 $17,643 $1,313,468 $909,324 $404,144
2020 $3,591 $223,117 $160,655 $62,462
2019 $3,483 $218,743 $157,505 $61,238
2018 $3,366 $214,455 $154,417 $60,038
2016 $3,158 $206,129 $148,422 $57,707
2015 $3,121 $203,034 $146,193 $56,841
2014 $3,171 $199,058 $143,330 $55,728
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18201509

California Regional Multiple Listing Service (CRMLS)

APN: 5429-013-019