$850,000
SOLD OCT 14, 2015
8 Beds
6 Baths
3,858 Sq Ft
6,496 Sq Ft Lot

Recently Sold

$220 Per Sq Ft

3% Below List Price

3 Days on Market

About This Home

As of April 2024

Investor Alert: Presenting an excellent opportunity to acquire a great four-unit apartment with steady cash flow. Built by artisans of the Art Deco era, this offering features two units with 2-bed, 2-bath while the other two are 2-bed, 1-bath. Bright natural light and mature landscaping make these apartments a wonderful place to call home and the tenants enjoy features such as a newly built, shared laundry facility with new machines, four garages for off street parking and storage and a highly central location with easy access to Red Line metro and great Silver Lake and Koreatown amenities. Recent improvements include interior upgrades to the kitchen and bathroom floors, some new piping underneath the building, roof work and exterior painting. The new owner will also benefit from immediate increase in rents, a very strong rental demand in the area, and good upside.

Last Agent to Sell the Property

Joe Connolly

eXp Realty of California Inc License #01374227 Listed on: 08/08/2015

eXp Realty of California Inc

Last Buyer's Agent

Christian Hothem

Keller Williams Realty Calabasas License #01978462

Keller Williams Realty Calabasas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,191

Year Built

  • Built in 1938

Parking

  • 4 Car Detached Garage

Home Design

  • 3,858 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Oven or Range
  • 6,496 Sq Ft Lot
  • Sewer in Street

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 5501-015-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,191

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Investor Alert: Presenting an excellent opportunity to acquire a great four-unit apartment with steady cash flow. Built by artisans of the Art Deco era, this offering features two units with 2-bed, 2-bath while the other two are 2-bed, 1-bath. Bright natural light and mature landscaping make these apartments a wonderful place to call home and the tenants enjoy features such as a newly built, shared laundry facility with new machines, four garages for off street parking and storage and a highly central location with easy access to Red Line metro and great Silver Lake and Koreatown amenities. Recent improvements include interior upgrades to the kitchen and bathroom floors, some new piping underneath the building, roof work and exterior painting. The new owner will also benefit from immediate increase in rents, a very strong rental demand in the area, and good upside.
  • Living Area: 3858
  • Year Built: 1938
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 226.80

Exterior Features

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

Garage/Parking

  • Parking Garage: Detached, Garage
  • Total Parking: 4

Utilities

  • Sewer: In Street
  • Water Expense: 2276.00

Fee Information

  • Insurance Expense: 2198.00

Lot Info

  • Assessed Improvement Percent: 38.37
  • Assessed Improvement Value: 288795
  • Assessed Land Percent: 61.63
  • Assessed Land Value: 463930
  • Assessor Parcel Number: 5501-015-009
  • Geocode Override: No
  • Lot Size Area: 6496

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.80
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 14717
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 9594.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2023
Closed on
May 17, 2024
Sold by
Rabanipour Moris and Hakham Sanaz
Bought by
26 And Me Properties Llc
Seller's Agent
Alex Galuz
Keller Williams Realty Calabasas
Buyer's Agent
James Ward
Forward Real Estate
List Price
$1,487,500
Sold Price
$1,350,000
Premium/Discount to List
-$137,500
-9.24%
Views
50
Current Estimated Value
$1,437,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,356
Avg. Annual Appreciation
0.63%

Purchase Details

Listed on
Oct 21, 2023
Closed on
Mar 12, 2024
Sold by
Palmira Investments Llc and Larc Enterprises Llc
Bought by
Rabanipour Moris and Hakham Sanaz
Seller's Agent
Alex Galuz
Keller Williams Realty Calabasas
Buyer's Agent
James Ward
Forward Real Estate
List Price
$1,487,500
Sold Price
$1,350,000
Premium/Discount to List
-$137,500
-9.24%
Views
50

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,012,500
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 8, 2015
Closed on
Sep 16, 2015
Sold by
Tolkin Stephen
Bought by
Palmira Investment Llc
Seller's Agent
Joe Connolly
eXp Realty of California Inc
Buyer's Agent
Christian Hothem
Keller Williams Realty Calabasas
List Price
$875,000
Sold Price
$850,000
Premium/Discount to List
-$25,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.59%

Purchase Details

Closed on
Jul 23, 2007
Sold by
Tolkin Stephen and Tolkin Garen
Bought by
Tolkin Stephen

Purchase Details

Closed on
Feb 10, 2004
Sold by
Cueva Fabiola
Bought by
Tolkin Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2003
Sold by
By 2000 Inc
Bought by
Cueva Fabiola

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,500
Interest Rate
7.45%

Purchase Details

Closed on
Dec 20, 2002
Sold by
Lee Gheel Han
Bought by
By 2000 Inc

Purchase Details

Closed on
Jul 30, 2002
Sold by
By 2000 Inc
Bought by
Lee Gheel Han

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.87%

Purchase Details

Closed on
Apr 29, 2002
Sold by
Yip Phil and Yip Douglas
Bought by
By 2000 Inc

Purchase Details

Closed on
Apr 2, 2002
Sold by
Cai Xiaolin
Bought by
Yip Phil

Purchase Details

Closed on
Dec 5, 1994
Sold by
Yip Phil and Ng Yee Hung
Bought by
Yip Phil

Purchase Details

Closed on
Sep 19, 1994
Sold by
Ng Victor G T
Bought by
Ng Yee Hung
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 Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $1,350,000 Orange Coast Title
Grant Deed $850,000 Fidelity Sherman Oaks
Interfamily Deed Transfer -- None Available
Grant Deed $649,000 Ticor Title Co Glendale
Corporate Deed $499,000 Gateway Title Company
Quit Claim Deed -- Gateway Title Company
Corporate Deed $400,000 Chicago Title
Grant Deed $520,000 Chicago Title Co
Interfamily Deed Transfer -- Chicago Title Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,012,500 New Conventional
Previous Owner $321,000 New Conventional
Previous Owner $424,000 Purchase Money Mortgage
Previous Owner $418,500 No Value Available
Previous Owner $360,000 No Value Available
Previous Owner $250,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2024 04/10/24 Sold $1,350,000 -3.5% $350 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
02/19/2024 02/19/24 Price Changed $1,399,000 -1.8% $363 / Sq Ft
01/17/2024 01/17/24 Price Changed $1,425,000 -4.2% $369 / Sq Ft
10/21/2023 10/21/23 For Sale $1,487,500 +75.0% $386 / Sq Ft
10/14/2015 10/14/15 Sold $850,000 -2.9% $220 / Sq Ft
08/11/2015 08/11/15 Pending -- -- --
08/08/2015 08/08/15 For Sale $875,000 -- $227 / 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 $12,191 $1,377,000 $918,000 $459,000
2024 $12,191 $964,574 $696,348 $268,226
2023 $11,965 $945,662 $682,695 $262,967
2022 $11,425 $927,120 $669,309 $257,811
2021 $11,269 $908,942 $656,186 $252,756
2019 $11,175 $902,026 $636,724 $265,302
2018 $11,025 $884,340 $624,240 $260,100
2016 $10,521 $850,000 $600,000 $250,000
2015 $9,543 $767,764 $473,199 $294,565
2014 $9,596 $752,725 $463,930 $288,795
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-930537

The MLS

APN: 5501-015-009