NOT LISTED FOR SALE

1216 Myra Ave Los Angeles, CA 90029

Estimated Value: $1,268,000 - $1,908,000

3 Beds
3 Baths
1,788 Sq Ft
$861/Sq Ft Est. Value

Last Sold February 06, 2015

Last sale price $852,000 $477 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $9,590/month

40 Days on Market

Highlights

  • Wood Flooring
  • John Marshall Senior High Rated A
  • 1-Story Property

About This Home

As of February 2015

ATTENTION INVESTORS: Three California Bungalow-style units in the Silverlake area walking distance to Sunset Junction, popular restaurants and shops. Two 1 bed/1 Bath units in the front building and one 1 bd/1ba + den and office area in the rear building with detached two car garage. Seller spent over 200k in upgrading all units including remodeling the kitchens, bathrooms, hardwood floors, laundry hook-ups, new wall heaters and much more. Tenant occupied. Do not disturb tenants.EXCELLENT SOURCE OF STEADY INCOME FOR LANDLORD WITH GREAT RENTAL MARKET IN A VERY DESIRABLE LOCATION.

Last Agent to Sell the Property

Mary Anne Reyes

Pacifica Realty Management LA License #01377077 Listed on: 11/07/2014

Last Buyer's Agent

LINA ZHANG

License #01188114

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,425

Year Built

  • Built in 1922

Lot Details

  • 4,227 Sq Ft Lot

Home Design

  • Triplex

Interior Spaces

  • 1,788 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Kitchen

  • Oven or Range
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Uncovered Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5429-011-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,425

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1788
  • Stories: 1
  • Year Built: 1922
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dryer, Garbage Disposal, Gas Or Electric Dryer Hookup, Range/Oven, Trash Compactor, Washer
  • Price Per S Q F T: 489.37

Exterior Features

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

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 2

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Water Expense: 1200.00

Fee Information

  • Insurance Expense: 1500.00
  • Trash Expense: 1200.00

Lot Info

  • Assessed Improvement Value: 167215
  • Assessed Land Value: 585265
  • Assessor Parcel Number: 5429-011-004
  • Geocode Override: No
  • Lot Size Area: 4227

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 14.18
  • Number Of Units: 3
  • Total Annual Expense: 11494
  • Type Of Units: Triplex
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 7594.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2020
Sold by
Cheung Henry Hon
Bought by
Cheung Henry Hon and Cheung Jenny Leung
Current Estimated Value
$1,539,317

Purchase Details

Closed on
Mar 10, 2018
Sold by
Cheung Jenny Leung
Bought by
Cheung Henry Hon

Purchase Details

Listed on
Nov 7, 2014
Closed on
Jan 23, 2015
Sold by
Cheung Man Hon
Bought by
Cheung Jenny Leung
Seller's Agent
Mary Anne Reyes
Pacifica Realty Management LA
Buyer's Agent
LINA ZHANG
List Price
$899,000
Sold Price
$852,000
Premium/Discount to List
-$47,000
-5.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.66%
Original Mortgage
$639,000
Outstanding Balance
$490,851
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$1,032,975

Purchase Details

Listed on
Nov 7, 2014
Closed on
Jan 16, 2015
Sold by
Tate Yasuyo Jenny
Bought by
Cheung Jenny Leung and Cheung Henry Hon
Seller's Agent
Mary Anne Reyes
Pacifica Realty Management LA
Buyer's Agent
LINA ZHANG
List Price
$899,000
Sold Price
$852,000
Premium/Discount to List
-$47,000
-5.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$639,000
Outstanding Balance
$490,851
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$1,032,975

Purchase Details

Closed on
Apr 25, 2005
Sold by
Rossetti Roberto
Bought by
Tate Yasuyo Jenny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 2000
Sold by
Rossetti Selfa Delis
Bought by
Rossetti Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,405
Interest Rate
8.67%
Mortgage Type
FHA

Purchase Details

Closed on
May 9, 2000
Sold by
Rizzardini Herbert
Bought by
Rossetti Roberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,405
Interest Rate
8.67%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 14, 1999
Sold by
Branam Sharon C and Blake Steve E
Bought by
Rizzardini Herbert
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
Cheung Henry Hon -- Accommodation
Cheung Henry Hon -- Accommodation
Cheung Jenny Leung -- Lawyers Title
Cheung Jenny Leung $852,000 Lawyers Title
Tate Yasuyo Jenny $675,000 Fidelity National Title Co
Rossetti Roberto -- Fidelity Title
Rossetti Roberto $195,000 Fidelity Title
Rizzardini Herbert $112,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheung Jenny Leung $639,000
Previous Owner Tate Yasuyo Jenny $492,534
Previous Owner Tate Yasuyo Jenny $490,000
Previous Owner Tate Yasuyo Jenny $67,500
Previous Owner Tate Yasuyo Jenny $540,000
Previous Owner Rossetti Roberto $273,000
Previous Owner Rossetti Roberto $63,000
Previous Owner Rossetti Roberto $196,306
Previous Owner Rossetti Roberto $193,405
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2015 02/06/15 Sold $852,000 -5.2% $477 / Sq Ft
12/17/2014 12/17/14 Pending -- -- --
11/07/2014 11/07/14 For Sale $899,000 -- $503 / 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 $14,425 $1,194,678 $836,034 $358,644
2024 $14,425 $1,171,254 $819,642 $351,612
2023 $14,146 $1,148,289 $803,571 $344,718
2022 $13,489 $1,125,774 $787,815 $337,959
2021 $13,325 $1,103,701 $772,368 $331,333
2020 $13,461 $1,092,385 $764,449 $327,936
2019 $12,927 $1,070,966 $749,460 $321,506
2018 $11,021 $899,937 $629,533 $270,404
2016 $10,536 $864,993 $605,089 $259,904
2015 $9,375 $767,513 $596,958 $170,555
2014 $9,419 $752,480 $585,265 $167,215
Source: Public Records

Agents Affiliated with this Home

  • Mary Anne Reyes

    Seller's Agent in 2015

    Mary Anne Reyes

    Pacifica Realty Management LA

    (310) 435-7298

    3 Total Sales

    Mary Anne Reyes
    Section Image

  • L

    Buyer's Agent in 2015

    LINA ZHANG

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Map

Source: The MLS

MLS Number: 14-808541

The MLS

APN: 5429-011-004

California Los Angeles County Los Angeles 90027

1216 Myra Ave, Los Angeles, CA

This home is located at 1216 Myra Ave, Los Angeles, CA 90029 since 07 November 2014 and is currently estimated at $1,539,317, approximately $860 per square foot. This property was built in 1922. 1216 Myra Ave is a home located in Los Angeles County with nearby schools including Lockwood Avenue Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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