M
Seller's Agent in 2014
Michael Moran
No Firm Affiliation
11937 Laurelwood Dr Studio City, CA 91604
Estimated Value: $1,640,000 - $2,482,000
3
Beds
5
Baths
2,850
Sq Ft
$687/Sq Ft
Est. Value
Highlights
- City Lights View
- Open Floorplan
- Modern Architecture
- North Hollywood Senior High School Rated A
- Wood Flooring
- Private Yard
About This Home
As of March 2014Price Reduced by $100,000! The 2-4 Unit Specialists are pleased to offer for sale the fee-simple interest in an extraordinary Studio City triplex (2+1 non-conforming unit) nestled above Ventura Blvd with direct access to the boulevard below. Tenants or owner occupiers can venture down their property to Laurel Tavern, Teru Sushi, Kiwami, or any of the local hotspots along the hottest street in the Valley.
This is a spectacular property—the type that rarely goes on the market. With large balconies overlooking the Valley below, tenants or owner occupiers can enjoy a luxurious lifestyle. Each of the units has undergone thorough renovations, with updated stainless steel appliances, copper plumbing, lovely new bathrooms, and well-maintained flooring.
This property is an owner occupier’s dream, one that a live-in owner could enjoy as their home. The owner's unit will be ready for move in at close of escrow, making way for an easy and cost-free transition.
For those looking to purchase 11937 Laurelwood for investment purposes, the rents these units command are premium due to the A+ location and prime condition of the property. Not to mention, the scarcity of 2-4 unit properties in Studio City South of the Boulevard makes it a one-of-a-kind asset.
Last Agent to Sell the Property
Michael Moran
No Firm Affiliation License #01762038 Listed on: 10/17/2013
Co-Listed By
Elizabeth Maddox
No Firm Affiliation License #01921425
Last Buyer's Agent
Michael Moran
No Firm Affiliation License #01762038 Listed on: 10/17/2013
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,454
Year Built
- Built in 1961
Lot Details
- 4,853 Sq Ft Lot
- Lot Dimensions are 88 x 62
- No Common Walls
- Private Yard
Home Design
- Modern Architecture
- Entry on the 2nd floor
- Partial Copper Plumbing
Interior Spaces
- 2,850 Sq Ft Home
- 3-Story Property
- Open Floorplan
- City Lights Views
Kitchen
- Electric Oven
- Electric Cooktop
- Dishwasher
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Washer
Parking
- 1 Open Parking Space
- 3 Parking Spaces
- 2 Carport Spaces
Outdoor Features
- Living Room Balcony
- Exterior Lighting
Additional Features
- Urban Location
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 34
- Tax Tract Number 7497
- Assessor Parcel Number 2369016026
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 2 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $600
- Insurance Expense $755
- Water Sewer Expense $1,380
- New Taxes Expense $12,230
- Operating Expense $19,822
- Gross Income $72,300
- Net Operating Income $50,805
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 29, 2020
Sold by
The Mayse Llc
Bought by
Limson Christina and Limson Kent
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,180,000
Outstanding Balance
$1,049,547
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$909,458
Purchase Details
Closed on
Feb 14, 2020
Sold by
Weston Jon Marc and Weston Susan Walton
Bought by
The Mayse Llc
Purchase Details
Listed on
Oct 17, 2013
Closed on
Jan 29, 2014
Sold by
Rao Nanda and Rao Nando
Bought by
Weston Jon Marc and Weston Susan Walton
Seller's Agent
Michael Moran
No Firm Affiliation
Buyer's Agent
Michael Moran
No Firm Affiliation
List Price
$1,099,000
Sold Price
$899,000
Premium/Discount to List
-$200,000
-18.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$572,000
Interest Rate
4.29%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 14, 2009
Sold by
Goodman Joseph L
Bought by
Rao Nando
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$494,400
Interest Rate
4.78%
Purchase Details
Closed on
Sep 21, 2009
Sold by
Pisarenko Irina
Bought by
Goodman Joseph L
Purchase Details
Closed on
May 27, 1998
Sold by
Hatch Family Trust and Anne Roberta Anne
Bought by
Pisarenko Irina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,600
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Limson Christina | $1,580,000 | Priority Title | |
| The Mayse Llc | -- | None Available | |
| Weston Jon Marc | $887,000 | Provident Title Company | |
| Rao Nando | $618,000 | Fidelity National Title Co | |
| Goodman Joseph L | $494,152 | None Available | |
| Pisarenko Irina | $252,000 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Limson Christina | $1,180,000 | |
| Previous Owner | Weston Jon Marc | $572,000 | |
| Previous Owner | Rao Nando | $494,400 | |
| Previous Owner | Pisarenko Irina | $201,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/03/2014 03/03/14 | Sold | $899,000 | -18.2% | $315 / Sq Ft |
| 01/18/2014 01/18/14 | Pending | -- | -- | -- |
| 10/17/2013 10/17/13 | For Sale | $1,099,000 | -- | $386 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $20,417 | $1,710,241 | $865,945 | $844,296 |
| 2024 | $20,417 | $1,676,708 | $848,966 | $827,742 |
| 2023 | $20,018 | $1,643,832 | $832,320 | $811,512 |
| 2022 | $19,080 | $1,611,600 | $816,000 | $795,600 |
| 2021 | $18,923 | $1,580,000 | $800,000 | $780,000 |
| 2020 | $13,439 | $1,098,508 | $672,534 | $425,974 |
| 2019 | $12,902 | $974,975 | $659,348 | $315,627 |
| 2018 | $11,635 | $955,863 | $646,420 | $309,443 |
| 2016 | $11,118 | $918,518 | $621,320 | $297,198 |
| 2015 | $10,955 | $904,722 | $611,988 | $292,734 |
| 2014 | $8,031 | $650,746 | $440,149 | $210,597 |
Source: Public Records
Agents Affiliated with this Home
-
-
E
Seller Co-Listing Agent in 2014
Elizabeth Maddox
No Firm Affiliation
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR13212164
APN: 2369-016-026
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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