NOT LISTED FOR SALE
7 Beds
48 Baths
26,960 Sq Ft
9,001 Sq Ft Lot

Sale Details

Date Sold: June 28, 2017

Last sale price $7,450,000 $276 Per Sq Ft

93 Days on Market

About This Home

As of June 2017

PRICE REDUCED $200,000. Seller Motivated. Submit All Offers. Property Tours Available by Appointment only. Offers Due Date: Offers are due on Friday, March 24th, at noon.The Edgemont Apartments, a classic Hollywood apartment building, contains 49 apartments constructed in 1929. The property contains a unit mix of eight small studio units with one bathroom and a kitchenette, 34 studio apartments that contain a full kitchen and bathroom and seven units that are one-bedroom with one-bathroom. The property is a four-story structure constructed of reinforced brick and serviced by two staircases and one elevator. There is an attractive leasing office attached to the lobby. Approximately half of the units have been renovated and contain upgraded kitchens and bathrooms, exposed brick walls, and original wood flooring. All utilities are master metered.

Last Agent to Sell the Property

Brent Sprenkle

Berkadia License #01290116 Listed on: 01/01/2017

Last Buyer's Agent

Brent Sprenkle

Berkadia License #01290116 Listed on: 01/01/2017

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 9,001 Sq Ft Lot

Interior Spaces

  • 26,960 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 48 Bathrooms

Community Details

  • 49 Units

Listing and Financial Details

  • Assessor Parcel Number 5540-010-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

9,001 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 26960
  • Stories: 4
  • Year Built: 1929
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 48.00
  • Price Per S Q F T: 293.03

Exterior Features

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

Lot Info

  • Assessed Improvement Value: 2499294
  • Assessed Land Value: 2308816
  • Assessor Parcel Number: 5540-010-010
  • Geocode Override: No
  • Lot Size Area: 9001

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.20
  • Number Of Units: 49
  • Type Of Units: 0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2017
Closed on
Jun 20, 2017
Sold by
Bought by
Seller's Agent
Brent Sprenkle
Berkadia
Buyer's Agent
Brent Sprenkle
Berkadia
List Price
$8,100,000
Sold Price
$7,450,000
Premium/Discount to List
-$650,000
-8.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,654,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 27, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,150,000
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,707,250
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 17, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,977,042
Interest Rate
5.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,515,000
Interest Rate
5.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 11, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$7,450,000 Old Republic Title Company
-- California Land Title Marin
-- California Land Title Marin
-- --
-- Commonwealth
$691,872 Commonwealth Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $5,300,000
Closed $4,654,000
Previous Owner $3,000,000
Previous Owner $3,150,000
Previous Owner $2,707,250
Previous Owner $2,977,042
Previous Owner $6,515,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/28/2017 06/28/17 Sold $7,450,000 -5.7% $276 / Sq Ft
03/02/2017 03/02/17 Price Changed $7,900,000 -2.5% $293 / Sq Ft
01/01/2017 01/01/17 For Sale $8,100,000 -- $300 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $107,459 $8,739,998 $6,035,045 $2,704,953
2024 $106,087 $8,568,626 $5,916,711 $2,651,915
2023 $102,899 $8,310,615 $5,800,698 $2,509,917
2022 $98,148 $8,147,662 $5,686,959 $2,460,703
2021 $96,858 $7,987,904 $5,575,450 $2,412,454
2019 $93,978 $7,761,030 $5,410,080 $2,350,950
2018 $93,806 $7,609,050 $5,304,000 $2,305,050
2016 $59,763 $4,808,110 $2,308,816 $2,499,294
2015 $58,911 $4,735,889 $2,274,136 $2,461,753
2014 $59,387 $4,643,120 $2,229,589 $2,413,531
Source: Public Records

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Map

Source: The MLS

MLS Number: 17-200110

The MLS
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