NOT LISTED FOR SALE

Estimated Value: $1,114,000 - $1,158,025

2 Beds
2 Baths
1,822 Sq Ft
$623/Sq Ft Est. Value

Last Sold October 19, 2016

Last sale price $605,000 $332 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $6,905/month

33 Days on Market

Highlights

  • No HOA
  • STEM Academy at Bernstein High Rated A-
  • 1-Story Property

About This Home

As of October 2016

Tremendous value-add opportunity in up and coming East Hollywood. Property is Zoned LARD2 - potential for small lot subdivision development - Buyer to verify. Half a block from Ramona Elementary School and less than five minutes from Los Angeles City College. Huge back yard with tons of potential and space for multiple parking spots. Quiet street with speed bumps. Property directly across the street has been nicely updated. Buyer with the right vision can unlock huge upside.

Last Agent to Sell the Property

John Chelius

Property Works RE, Inc. License #01936287 Listed on: 08/17/2016

Last Buyer's Agent

Alejandra Zavalza-Grobman

Keller Williams Realty Los Feliz License #01938002

Keller Williams Realty Los Feliz

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,613

Year Built

  • Built in 1920

Lot Details

  • 6,500 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 1,822 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Unassigned Parking

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 69
  • Tax Tract Number 1912
  • Assessor Parcel Number 5540005004

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,613

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 5540005004
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 332.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6500.00
  • Price Per Lot Square Foot: 92.15

Multi Family

  • Average1 Bed Area: 911
  • Average2 Bed Area: 911
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Lot: 69
  • Tax Tract Number: 1912

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2016
Closed on
Oct 6, 2016
Sold by
Sfr 2012-1 U S West Llc
Bought by
Linao Mark
Seller's Agent
John Chelius
Property Works RE, Inc.
Buyer's Agent
Alejandra Zavalza-Grobman
Keller Williams Realty Los Feliz
List Price
$599,000
Sold Price
$605,000
Premium/Discount to List
$6,000
1%
Current Estimated Value
$1,135,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$530,506
Avg. Annual Appreciation
7.38%
Original Mortgage
$514,250
Interest Rate
3.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2012
Sold by
Federal National Mortgage Association
Bought by
Sfr 2012-1 U S West Llc

Purchase Details

Closed on
Jul 8, 2010
Sold by
Garcia Rose
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 12, 2007
Sold by
Hernandez Gloria Diaz
Bought by
Garcia Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2007
Sold by
Hernandez Gloria Diaz and Garcia Rose
Bought by
Hernandez Gloria Diaz

Purchase Details

Closed on
Jan 12, 2005
Sold by
Deluca Victoria B and Deluca Julius Sarandi
Bought by
Hernandez Gloria Diaz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 2004
Sold by
Sarandi Greg and Sarandi Peggy
Bought by
Deluca Victoria B

Purchase Details

Closed on
Jun 25, 2002
Sold by
Deluca Victoria B and Julius & Leni Sarandi Trust
Bought by
Sarandi Leni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.78%

Purchase Details

Closed on
Jun 24, 2002
Sold by
Sarandi Peggy
Bought by
Sarandi Greg A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.78%

Purchase Details

Closed on
May 15, 1995
Sold by
Sarandi Julius and Sarandi Leni
Bought by
Sarandi Julius
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
Linao Mark $605,000 Fidelity National Title Co
Sfr 2012-1 U S West Llc -- First American Title Ins Co
Federal National Mortgage Association $645,637 Accommodation
Garcia Rose -- Fidelity National Title Co
Hernandez Gloria Diaz -- None Available
Hernandez Gloria Diaz $855,000 Equity Title Company
Deluca Victoria B -- Equity Title Company
Deluca Victoria B -- --
Sarandi Leni -- First American Title Co
Sarandi Greg A -- First American Title Co
Sarandi Julius -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Linao Mark $496,523
Closed Linao Mark $514,250
Previous Owner Garcia Rose $533,000
Previous Owner Hernandez Gloria Diaz $270,000
Previous Owner Hernandez Gloria Diaz $500,000
Previous Owner Sarandi Leni $170,000
Closed Hernandez Gloria Diaz $171,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2016 10/19/16 Sold $605,000 +1.0% $332 / Sq Ft
08/23/2016 08/23/16 Pending -- -- --
08/17/2016 08/17/16 For Sale $599,000 0.0% $329 / Sq Ft
08/03/2016 08/03/16 Pending -- -- --
07/21/2016 07/21/16 For Sale $599,000 -- $329 / 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 $8,613 $702,149 $557,078 $145,071
2024 $8,613 $688,382 $546,155 $142,227
2023 $8,450 $674,886 $535,447 $139,439
2022 $7,979 $661,654 $524,949 $136,705
2021 $7,876 $648,681 $514,656 $134,025
2019 $7,723 $629,442 $499,392 $130,050
2018 $7,583 $617,100 $489,600 $127,500
2016 $5,465 $444,177 $244,453 $199,724
2015 $5,386 $437,506 $240,782 $196,724
2014 $5,415 $428,937 $236,066 $192,871
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16159471

California Regional Multiple Listing Service (CRMLS)

APN: 5540-005-004