NOT LISTED FOR SALE

Estimated Value: $2,077,000 - $3,393,454

6 Beds
4 Baths
4,936 Sq Ft
$580/Sq Ft Est. Value

Last Sold October 30, 2014

Last sale price $1,806,000 $366 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $16,820/month

94 Days on Market

Highlights

  • Craftsman Architecture
  • 4 Car Detached Garage
  • Central Heating
  • Hancock Park Elementary Rated 9+
  • Laundry Room
  • Ceiling Fan

About This Home

As of October 2014

Exquisitely maintained and lovingly owned by the same family for forty years. This remarkably located 4 plex consists of 2, two bedroom 1 bath units and 2 one bedroom 1 bath units. Each unit has its original hardwood floors, front and rear entrances, crown molding, formal dining rooms and washer/dryers. All the units have new water heaters. Each of the 2 bedroom units has a wood burning fireplace. All of the kitchens have been tastefully upgraded in keeping with the character of the building. A new electrical panel was installed in 2011. And most of the plumbing has been upgraded. New fencing and landscaping has created remarkable outdoor living spaces for 3 of the four units, allowing residents to take full advantage of the California weather. Completing this property is a 4 car enclosed garage, with a smaller 5th garage for storage. Property shown with accepted offer only. All posted rents are correct . Please do not disturb tenants

Last Agent to Sell the Property

Tyler Giles

Nourmand & Associates-BH License #01322772 Listed on: 05/15/2014

Nourmand & Associates-BH

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,190

Year Built

  • Built in 1937

Lot Details

  • 6,558 Sq Ft Lot

Parking

  • 4 Car Detached Garage

Home Design

  • Craftsman Architecture

Interior Spaces

  • 4,936 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Satellite Dish
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for electricity, gardener
  • Assessor Parcel Number 5511-008-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,190

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Street Number Display: Yes
  • Complex Name: Haper House
  • Living Area: 4936
  • Year Built: 1937
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Cable, Ceiling Fan, Dishwasher, Garbage Disposal, Gas Dryer Hookup, Range/Oven, Refrigerator, Satellite
  • Price Per S Q F T: 394.00

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Detached
  • Total Parking: 4

Utilities

  • Cooling: Wall Unit(s)
  • Electric Expense: 3320.00
  • Heating: Central
  • Water Expense: 3320.00

Fee Information

  • Insurance Expense: 3216.00

Lot Info

  • Assessed Improvement Value: 392581
  • Assessed Land Value: 357205
  • Assessor Parcel Number: 5511-008-016
  • Geocode Override: No
  • Lot Size Area: 6558

Rental Info

  • Owner Pays: Electricity, Gardener

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 19.00
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: rentals
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 9712.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2014
Closed on
Oct 21, 2014
Sold by
Nourmand Myra
Bought by
Second Generation American Llc
Seller's Agent
Tyler Giles
Nourmand & Associates-BH
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,995,000
Sold Price
$1,806,000
Premium/Discount to List
-$189,000
-9.47%
Current Estimated Value
$2,673,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$867,252
Avg. Annual Appreciation
4.35%
Original Mortgage
$1,173,770
Outstanding Balance
$880,495
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,980,656

Purchase Details

Listed on
May 15, 2014
Closed on
Sep 25, 2014
Sold by
Starer Josh
Bought by
Nourm Myra
Seller's Agent
Tyler Giles
Nourmand & Associates-BH
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,995,000
Sold Price
$1,806,000
Premium/Discount to List
-$189,000
-9.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,173,770
Outstanding Balance
$880,495
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,980,656

Purchase Details

Closed on
Feb 1, 2013
Sold by
Starer Josh
Bought by
Starer Josh and The Josh Starer Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2011
Sold by
Starer Josh
Bought by
Starer Josh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2011
Sold by
Starer Noah S
Bought by
Starer Josh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2010
Sold by
Starer Marvin
Bought by
Starer Josh and Starer Paul A

Purchase Details

Closed on
Jul 29, 1999
Sold by
Starer Miriam R
Bought by
Starer Miriam R and The Miriam R Starer Trust

Purchase Details

Closed on
Mar 10, 1998
Sold by
Starer Marvin
Bought by
Starer Marvin and Starer Sharon
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
Second Generation American Llc -- First American Title Company
Nourmand Myra -- First American Title Co
Nourm Myra $1,806,000 First American Title Co
Starer Josh -- None Available
Starer Josh -- Lsi
Starer Josh $600,006 Lsi
Starer Josh -- Lsi
Starer Josh -- Lsi
Starer Josh -- None Available
Starer Marvin -- None Available
Starer Miriam R -- --
Starer Marvin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nourmand Myra $1,173,770
Previous Owner Starer Josh $725,000
Previous Owner Starer Josh $600,000
Previous Owner Rechs Bernard $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2014 10/30/14 Sold $1,806,000 -9.5% $366 / Sq Ft
08/17/2014 08/17/14 Pending -- -- --
05/15/2014 05/15/14 For Sale $1,995,000 -- $404 / 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 $26,190 $2,170,289 $1,280,445 $889,844
2024 $26,190 $2,127,736 $1,255,339 $872,397
2023 $25,687 $2,086,017 $1,230,725 $855,292
2022 $24,499 $2,045,116 $1,206,594 $838,522
2021 $24,186 $2,005,017 $1,182,936 $822,081
2019 $23,464 $1,945,549 $1,147,850 $797,699
2018 $23,329 $1,907,402 $1,125,344 $782,058
2016 $22,292 $1,833,338 $1,081,647 $751,691
2015 $21,967 $1,805,800 $1,065,400 $740,400
2014 $9,653 $753,189 $358,826 $394,363
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-761365

The MLS

APN: 5511-008-016