NOT LISTED FOR SALE

1232 N Gower St Los Angeles, CA 90038

Hollywood Neighborhood

Estimated Value: $1,940,000 - $2,514,000

2 Beds
3 Baths
1,555 Sq Ft
$1,439/Sq Ft Est. Value

Last Sold April 11, 2017

Last sale price $1,049,000 $675 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $13,516/month

12 Days on Market

Highlights

  • Side by Side Parking
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of April 2017

Hollywood Triplex (ALL THREE UNITS DELIVERED VACANT) on a large 6500 sq ft lot with original, charming and spacious units that are located within close distance to shops, restaurants, theaters, grocery stores and all the energy and unique character of Hollywood. Front: Single story side by side Craftsman with two large 1-bedroom, 1-bath apartments with front and rear yard space. Rear: Studio, 1 bath with light-filled view tucked above the detached converted garage. Property has some deferred maintenance, but offers potential for restoration. Parcel has a 45 foot height limit. Buyer to verify.

Last Agent to Sell the Property

Joseph Reichling

Compass License #01427385 Listed on: 02/26/2017

Compass

Co-Listed By

Patrick Moya

Compass License #01770585

Last Buyer's Agent

Juree Rambo

Rambo Real Estate Group License #01843137

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,213

Year Built

  • Built in 1913

Lot Details

  • 6,505 Sq Ft Lot

Home Design

  • Triplex

Interior Spaces

  • 1,555 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Side by Side Parking
  • Tandem Parking
  • Shared Driveway
  • Unassigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5534-015-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,213

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1555
  • Stories: 1
  • Year Built: 1913
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 674.60

Exterior Features

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

Garage/Parking

  • Parking Garage: Driveway, Shared Driveway, Side By Side, Tandem, Unassigned
  • Total Parking: 3

Utilities

  • Cooling: Wall/Window
  • Heating: Forced Air

Lot Info

  • Assessed Improvement Value: 190359
  • Assessed Land Value: 507625
  • Assessor Parcel Number: 5534-015-020
  • Geocode Override: No
  • Lot Size Area: 6505

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Triplex
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2019
Sold by
Four Investment Partners Llc
Bought by
1232 North Gower Investors Llc
Current Estimated Value
$2,237,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 26, 2017
Closed on
Mar 17, 2017
Sold by
Culver Estates Llc
Bought by
Four Right Investment Partners Llc and Walker Avenue Investors Llc
Seller's Agent
Joseph Reichling
Compass
Buyer's Agent
Juree Rambo
Rambo Real Estate Group
List Price
$1,049,000
Sold Price
$1,049,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.51%

Purchase Details

Closed on
May 16, 2014
Sold by
Holden Eric F
Bought by
Culver Estates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,750
Interest Rate
4.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2007
Sold by
Williams James Damon
Bought by
Holden Eric F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
6.66%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 30, 2005
Sold by
Williams James Damon and Williams Damon
Bought by
Williams James Damon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
6.14%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 14, 2005
Sold by
Vanderhoff Nicole
Bought by
Williams Damon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.46%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 5, 2004
Sold by
King Richard and Parada David A
Bought by
Williams Daman and Vanderhoff Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2003
Sold by
King Richard
Bought by
King Richard and Parada David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Interest Rate
6.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 29, 2002
Sold by
Sanders Vardilla and Patnett Vardilla
Bought by
King Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,600
Interest Rate
6.29%

Purchase Details

Closed on
Dec 3, 1997
Sold by
Patnett Vardilla S and Patnett Luis J
Bought by
Patnett Vardilla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
10.5%

Purchase Details

Closed on
Jan 13, 1997
Sold by
Patnett Vardilla S and Patnett Luis J
Bought by
Patnett Vardilla Sanders

Purchase Details

Closed on
Jun 17, 1994
Sold by
Patnett Luis J
Bought by
Patnett Vardilla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
6.5%
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
1232 North Gower Investors Llc -- Lawyers Title La
Four Right Investment Partners Llc $1,049,000 Chicago Title
Culver Estates Llc $687,500 California Title
Holden Eric F $760,000 Southland Title Corporation
Williams James Damon -- Fidelity National Title Comp
Williams Damon -- Fidelity National Title Co
Williams Daman $517,500 Southland Title Corporation
King Richard -- --
King Richard $402,000 Southland Title Company
Patnett Vardilla -- Landsafe Title
Patnett Vardilla Sanders -- --
Patnett Vardilla -- World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1232 North Gower Investors Llc $1,645,000
Closed 1232 North Gower Investors Llc $1,680,000
Previous Owner Culver Estates Llc $1,500,000
Previous Owner Culver Estates Llc $343,750
Previous Owner Holden Eric F $38,000
Previous Owner Holden Eric F $608,000
Previous Owner Williams James Damon $97,500
Previous Owner Williams Damon $75,000
Previous Owner Williams Damon $600,000
Previous Owner Williams Daman $414,000
Previous Owner King Richard $387,000
Previous Owner King Richard $321,600
Previous Owner Patnett Vardilla $150,000
Previous Owner Patnett Vardilla $20,973
Previous Owner Patnett Vardilla $133,000
Previous Owner Patnett Vardilla $127,500
Closed King Richard $40,200
Closed Williams Daman $103,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2017 04/11/17 Sold $1,049,000 0.0% $675 / Sq Ft
02/26/2017 02/26/17 For Sale $1,049,000 +52.6% $675 / Sq Ft
08/29/2014 08/29/14 Sold $687,500 +14.8% $442 / Sq Ft
04/15/2014 04/15/14 Pending -- -- --
12/16/2013 12/16/13 For Sale $599,000 -- $385 / 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 $15,213 $1,227,066 $780,861 $446,205
2024 $15,213 $1,203,006 $765,550 $437,456
2023 $14,930 $1,179,419 $750,540 $428,879
2022 $14,255 $1,156,294 $735,824 $420,470
2021 $14,055 $1,133,623 $721,397 $412,226
2020 $25,026 $2,024,751 $900,964 $1,123,787
2019 $24,037 $1,985,051 $883,299 $1,101,752
2018 $13,169 $1,069,980 $865,980 $204,000
2016 $8,662 $697,984 $507,625 $190,359
2015 $5,886 $465,000 $380,800 $84,200
2014 $6,036 $465,000 $380,800 $84,200
Source: Public Records

Agents Affiliated with this Home

  • Joseph Reichling

    Seller's Agent in 2017

    Joseph Reichling

    Compass

    (323) 395-9084

    8 in this area

    239 Total Sales

    Section Image
  • Patrick Moya

    Seller Co-Listing Agent in 2017

    Patrick Moya

    Compass

    (310) 770-2418

    1 in this area

    18 Total Sales

    Section Image

  • J

    Buyer's Agent in 2017

    Juree Rambo

    Rambo Real Estate Group

    (310) 980-1716

    4 Total Sales

    Section Image
  • Henry Plascencia

    Seller's Agent in 2014

    Henry Plascencia

    Compass

    (310) 995-6273

    37 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 17-205590

The MLS

APN: 5534-015-020

California Los Angeles County Los Angeles 90038 Hollywood

1232 N Gower St, Los Angeles, CA

This home is located at 1232 N Gower St, Los Angeles, CA 90038 since 26 February 2017 and is currently estimated at $2,237,000, approximately $1,438 per square foot. This property was built in 1913. 1232 N Gower St is a home located in Los Angeles County with nearby schools including Hollywood Elementary School, Vine Street Elementary School, and Joseph Le Conte Middle School.

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