1201 Hanover Ave Los Angeles, CA 90022
4
Beds
4
Baths
2,678
Sq Ft
5,312
Sq Ft Lot
Highlights
- No HOA
- No Heating
- 3-minute walk to Saybrook Park
About This Home
As of July 2025Centrally located 4-unit property, pride of ownership 2 story building located on the corner of Olympic and Hanover. Apartments are each 1 bedroom and 1 bathroom, they each have tankless water heaters, individual garages and parking outside of garage. Property has copper plumbing, granite counter tops at bathrooms and kitchens. Laminate flooring, and double pane windows, sprinkler system. Do not disturb tenants!
Last Agent to Sell the Property
DRS Brokers Brokerage Phone: 323-727-7888 License #00855937 Listed on: 05/27/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,324
Year Built
- Built in 1951
Lot Details
- 5,312 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- Quadruplex
Interior Spaces
- 2,678 Sq Ft Home
- 2-Story Property
- Laminate Flooring
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Utilities
- No Heating
Listing and Financial Details
- Tax Lot 265
- Tax Tract Number 9033
- Assessor Parcel Number 6338011001
- $2,026 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Water Sewer Expense $2,400
- Operating Expense $2,400
- Net Operating Income $57,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 27, 2025
Closed on
Jun 4, 2025
Sold by
Flores Candelario
Bought by
Gustavo A Torres And Carol A Torres Living Tr and Torres
Seller's Agent
Socorro Garcia
DRS Brokers
Buyer's Agent
Kian Maronde
Marcus & Millichap
List Price
$1,199,000
Sold Price
$1,075,000
Premium/Discount to List
-$124,000
-10.34%
Views
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
130.46%
Original Mortgage
$798,750
Outstanding Balance
$798,070
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$332,154
Purchase Details
Listed on
Sep 13, 2012
Closed on
Oct 19, 2012
Sold by
Christian Georgia and The Margaret George Trust
Bought by
Flores Candelario
Seller's Agent
Mike Garcia
REALTY WORLD CALIFORNIA PROPERTIES
Buyer's Agent
Mike Garcia
REALTY WORLD CALIFORNIA PROPERTIES
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.22%
Original Mortgage
$490,943
Interest Rate
3.25%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 20, 2008
Sold by
Goerge Margaret and Margaret George Revocable Trus
Bought by
Goerge Margaret and Margaret George Trust
Purchase Details
Closed on
Nov 10, 2006
Sold by
North Kenneth and North Patricia
Bought by
George Margaret and Margaret George Revocable Trus
Purchase Details
Closed on
Apr 5, 2006
Sold by
George Margaret
Bought by
George Margaret and Margaret George Revocable Trus
Purchase Details
Closed on
May 16, 2005
Sold by
George Margaret
Bought by
George Margaret and North Patricia
Similar Homes in the area
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,065,000 | Monarch Title | |
| Grant Deed | $500,000 | Calcounties Title Nation | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | Accommodation | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $798,750 | New Conventional | |
| Previous Owner | $464,000 | New Conventional | |
| Previous Owner | $490,943 | FHA | |
| Previous Owner | $270,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $150,000 | Negative Amortization |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | Sold | $1,075,000 | -10.3% | $401 / Sq Ft |
| 06/02/2025 06/02/25 | Pending | -- | -- | -- |
| 05/27/2025 05/27/25 | For Sale | $1,199,000 | +139.8% | $448 / Sq Ft |
| 10/29/2012 10/29/12 | Sold | $500,000 | -4.8% | $187 / Sq Ft |
| 09/26/2012 09/26/12 | Pending | -- | -- | -- |
| 09/13/2012 09/13/12 | For Sale | $525,000 | -- | $196 / 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 |
|---|---|---|---|---|
| 2024 | $9,324 | $603,632 | $301,816 | $301,816 |
| 2023 | $8,988 | $591,798 | $295,899 | $295,899 |
| 2022 | $8,714 | $580,196 | $290,098 | $290,098 |
| 2021 | $8,444 | $568,820 | $284,410 | $284,410 |
| 2019 | $8,159 | $551,950 | $275,975 | $275,975 |
| 2018 | $8,289 | $541,128 | $270,564 | $270,564 |
| 2016 | $7,957 | $520,116 | $260,058 | $260,058 |
| 2015 | $7,543 | $512,304 | $256,152 | $256,152 |
| 2014 | $7,417 | $502,270 | $251,135 | $251,135 |
Source: Public Records
Agents Affiliated with this Home
-
Socorro Garcia
S
Seller's Agent in 2025
Socorro Garcia
DRS Brokers
(323) 727-7888
7 in this area
42 Total Sales
-
Kian Maronde
Buyer's Agent in 2025
Kian Maronde
Marcus & Millichap
(818) 665-6875
3 in this area
4 Total Sales
-
Mike Garcia
M
Seller's Agent in 2012
Mike Garcia
REALTY WORLD CALIFORNIA PROPERTIES
(323) 353-7653
1 in this area
2 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW25118225
APN: 6338-011-001
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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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