NOT LISTED FOR SALE

Estimated Value: $1,110,000 - $1,950,000

6 Beds
4 Baths
2,838 Sq Ft
$561/Sq Ft Est. Value

Last Sold October 03, 2014

Last sale price $985,000 $347 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $9,849/month

34 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Traditional Architecture
  • No HOA
  • North Hollywood Senior High School Rated A
  • Wood Flooring
  • Neighborhood Views

About This Home

As of October 2014

TRADITIONAL 4 UNIT BUILDING WITH CHARM AND CHARACTER IN A GREAT LOCATION!!! UNITS ARE 1+1, 1+1, 2+1, 2+1, HARDWOOD FLOORS THROUGHOUT, 2 UNITS HAVE BEEN UPDATED AND 2 HAVE NOT. POTENTIAL UPSIDE ON RENTS AND LOW MAINTENANCE EXPENSE. NEWER WINDOWS, ELECTRICAL PANEL, COPPER PLUMBING, LAUNDRY ROOM OFF OF GARAGE. CLOSE TO GELSONS, MARIE ET CIE COFFEE HOUSE AND COLFAX ELEMENTARY SCHOOL. ALL UNITS ARE RENTED AND LEASES ARE MONTH TO MONTH. ONE UNIT IS DUE FOR A RENT INCREASE OF 3%.

Last Agent to Sell the Property

Tracey Feder

Equity Union License #01182917 Listed on: 07/10/2014

Equity Union

Last Buyer's Agent

David Ash

Access Southland Real Estate License #01054185

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,376

Year Built

  • Built in 1951

Lot Details

  • 6,500 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • No Common Walls
  • South Facing Home

Home Design

  • Traditional Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,838 Sq Ft Home
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Leased Washer and Dryer

Parking

  • 6 Parking Spaces
  • 5 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 198
  • Tax Tract Number 4295
  • Assessor Parcel Number 2355017014

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $350
  • Gardener Expense $600
  • Insurance Expense $1,000
  • Pest Control $360
  • Trash Expense $1,200
  • Water Sewer Expense $2,250
  • Gross Income $4,650
  • Net Operating Income $50,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,376

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Water Sewer Expenses: 2250.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 2355017014
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Tile Counters
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Price Per Square Foot: 347.08

Exterior Features

  • Direction Faces: South
  • Exterior Features: Lighting, Rain Gutters
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 5.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Oven, Gas Cooktop, Gas Water Heater
  • Heating Type: Floor Furnace
  • Laundry Features: Community, Individual Room, Outside
  • Pest Control Expense: 360.00
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6500.00
  • Lot Size Acres: 0.1490

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 350.00
  • Gross Income: 4650.00
  • Gross Scheduled Income: 55800.00
  • Insurance Expense: 1000.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6500.0000 Square Feet
  • Net Operating Income: 50040.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Disposal: 4
  • Operating Expense: 5760.00
  • Rent Control: Yes
  • Total Actual Rent: 4630.00
  • Waterfront Features: Bay Front

Tax Info

  • Tax Lot: 198
  • Tax Tract Number: 4295
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2021
Sold by
Sobrab Shahram and Anoshiravani Ara
Bought by
George Lori
Current Estimated Value
$1,590,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Outstanding Balance
$325,538
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,265,258

Purchase Details

Closed on
Jan 12, 2016
Sold by
Sohrab Shahram
Bought by
Riverside Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$681,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 10, 2014
Closed on
Sep 11, 2014
Sold by
Matthews James F
Bought by
Sohrab Shahram and Anoshiravani Ara
Seller's Agent
Tracey Feder
Equity Union
Buyer's Agent
David Ash
Access Southland Real Estate
List Price
$999,000
Sold Price
$985,000
Premium/Discount to List
-$14,000
-1.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.50%
Original Mortgage
$689,500
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 10, 2014
Closed on
Sep 9, 2014
Sold by
Ash David
Bought by
George Lori
Seller's Agent
Tracey Feder
Equity Union
Buyer's Agent
David Ash
Access Southland Real Estate
List Price
$999,000
Sold Price
$985,000
Premium/Discount to List
-$14,000
-1.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,500
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2012
Sold by
Matthews James F and Matthews Sigrid A
Bought by
Matthews James F and Matthews Sigrid A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2011
Sold by
Matthews James and Matthews Sigrid
Bought by
Matthews James F and Matthew Sigrid A

Purchase Details

Closed on
Sep 17, 2008
Sold by
Hagerty Robert and Hagerty Lorene Martha
Bought by
Matthews James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,500
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 2006
Sold by
Hagerty Robert and Hagerty Lorene Martha
Bought by
Hagerty Robert and Lorene Martha Sinotte Revocable Trust
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
George Lori -- Accommodation
Sohrab Shahram -- Pacific Coast Title Company
George Lori -- Pacific Coast Title
Riverside Place Llc -- None Available
Sohrab Shahram $985,000 Lawyers Title
George Lori -- Lawyers Title
Matthews James F -- First American Title Company
Matthews James F -- First American Title Company
Matthews James F -- None Available
Matthews James $690,000 Equity Title Company
Hagerty Robert -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sohrab Shahram $385,000
Previous Owner Sohrab Shahram $681,000
Previous Owner Sohrab Shahram $689,500
Previous Owner Matthews James F $450,000
Previous Owner Matthews James $506,000
Previous Owner Matthews James $517,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2014 10/03/14 Sold $985,000 -1.4% $347 / Sq Ft
08/13/2014 08/13/14 Pending -- -- --
07/10/2014 07/10/14 For Sale $999,000 -- $352 / 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 $14,376 $1,183,813 $651,038 $532,775
2024 $14,376 $1,160,602 $638,273 $522,329
2023 $14,099 $1,137,846 $625,758 $512,088
2022 $13,446 $1,115,537 $613,489 $502,048
2021 $13,276 $1,093,664 $601,460 $492,204
2020 $13,410 $1,082,451 $595,293 $487,158
2019 $12,881 $1,061,227 $583,621 $477,606
2018 $12,781 $1,040,420 $572,178 $468,242
2016 $12,210 $1,000,020 $549,960 $450,060
2015 $13,017 $985,000 $541,700 $443,300
2014 $9,155 $724,839 $451,712 $273,127
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14145146

California Regional Multiple Listing Service (CRMLS)

APN: 2355-017-014