NOT LISTED FOR SALE

Estimated Value: $1,824,000 - $2,576,000

7 Beds
7 Baths
4,232 Sq Ft
$519/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $2,200,000 $520 Per Sq Ft

Current estimated payment $14,639/month

13 Days on Market

Highlights

  • Wood Flooring
  • Double Pane Windows
  • Crown Molding
  • High Ceiling
  • Built-In Features
  • Tile Countertops

About This Home

As of October 2021

Looking for an owner occupant building with good income? This 4-unit architectural gem is on a quiet, tree-filled street. Between Olympic and San Vicente. The two rear units will be delivered vacant (2+1 townhome style 1150 sqft & 1+1 over detached garage 750 sqft). The front building has three townhome style 2-bed/1- baths each. The back is a one bedroom over 4 one car garages. The units are on separate meters and one garage has its own meter and was being used as an office. All units have their own laundry, dishwasher, hardwood floors and lots of storage. Original moldings, front bay windows and dining rooms in each unit. Strong rents and well-maintained buildings. The property is south of LACMA, close to The Grove, shopping and great restaurants. Short drive to Beverly Hills, West Hollywood, Hancock Park, etc.

Last Agent to Sell the Property

Darren Hubert

Real Broker License #01330183 Listed on: 07/28/2021

Real Broker

Co-Listed By

Joe Cloninger

Avenue 8, Inc. License #01954784

Last Buyer's Agent

Garo Apelian

Apelian Realty Group, Inc. License #01945329

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,054

Year Built

  • Built in 1939

Lot Details

  • 6,306 Sq Ft Lot
  • East Facing Home
  • Front Yard Sprinklers

Parking

  • 1 Open Parking Space
  • 4 Car Garage
  • Assigned Parking

Home Design

  • Shingle Roof
  • Rolled or Hot Mop Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,232 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • High Ceiling
  • Double Pane Windows

Kitchen

  • Oven or Range
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer Hookup

Utilities

  • Two cooling system units
  • Window Unit Cooling System
  • Heat Pump System
  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for gardener, water
  • Assessor Parcel Number 5085-016-030

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Rst & Associates Association

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,054

Year Built

Built in 1939

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Architectural
  • Street Number Display: Yes
  • Advertising Remarks: Looking for an owner occupant building with good income? This 4-unit architectural gem is on a quiet, tree-filled street. Between Olympic and San Vicente. The two rear units will be delivered vacant (2+1 townhome style 1150 sqft & 1+1 over detached garage 750 sqft). The front building has three townhome style 2-bed/1- baths each. The back is a one bedroom over 4 one car garages. The units are on separate meters and one garage has its own meter and was being used as an office. All units have their own laundry, dishwasher, hardwood floors and lots of storage. Original moldings, front bay windows and dining rooms in each unit. Strong rents and well-maintained buildings. The property is south of LACMA, close to The Grove, shopping and great restaurants. Short drive to Beverly Hills, West Hollywood, Hancock Park, etc.
  • Alley: No
  • Entry Location: Living Room
  • Living Area: 4232
  • Lot Acreage: 0.1448
  • Stories: 2
  • Year Built: 1939
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Crown Moldings, High Ceilings (9 Feet+)
  • Number Carpet: 2
  • Number Dishwasher: 4
  • Number Disposal: 4
  • Number Range: 4
  • Number Refrigerator: 4
  • Flooring: Hardwood, Tile, Carpet
  • Bedrooms: 7
  • Kitchen Features: Tile Counters
  • Laundry: In Unit
  • Total Bathrooms: 7.00
  • Equipment: Built-Ins, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator, Stackable W/D Hookup
  • Price Per S Q F T: 518.67
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Features: High Ceilings (9 Feet+)
  • Other Structures: None
  • Roof: Composition, Rolled/Hot Mop, Shingle

Garage/Parking

  • Garage Spaces: 4
  • Other Spaces: 1
  • Covered Parking: 4
  • Number Rented Garages: 4
  • Parking Garage: Assigned
  • Total Parking: 5

Utilities

  • Cooling: Window Unit(s), Dual, Heat Pump(s)
  • Heating: Wall Gas
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Water Meters: 0
  • Sewer: In Street Paid
  • Water: In Street, Paid
  • Water Expense: 175.00

Condo/Co-op/Association

  • Management Company: RST & Associates
  • Professional Management: 595.00

Fee Information

  • Insurance Expense: 208.00
  • Maintenance Expense: 335.00
  • Trash Expense: 75.00

Lot Info

  • Sprinklers: Front
  • Assessed Improvement Percent: 35.03
  • Assessed Improvement Value: 357506
  • Assessed Land Percent: 64.97
  • Assessed Land Value: 663019
  • Total Assessed Value: 1020525
  • Assessor Parcel Number: 5085-016-030
  • Lot Size Area: 6306

Rental Info

  • Number Leased: 1
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.35
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 30095
  • Type Of Units: Townhome
  • Vacancy Rate: none

Tax Info

  • Tax Expense: 1020.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2021
Closed on
Sep 27, 2021
Sold by
Tolleson Shawn
Bought by
Nagendran Julian
Seller's Agent
Darren Hubert
Real Broker
Buyer's Agent
Garo Apelian
Apelian Realty Group, Inc.
List Price
$2,195,000
Sold Price
$2,200,000
Premium/Discount to List
$5,000
0.23%
Total Days on Market
13
Current Estimated Value
$2,197,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,409
Avg. Annual Appreciation
-0.03%
Original Mortgage
$517,705
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2004
Sold by
Townes Jason
Bought by
Lemkin Gregory and Tolleson Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2001
Sold by
Walker Hildreth and Monzee Annie M
Bought by
Townes Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
7.14%
Source: Public Records

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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
Nagendran Julian $2,200,000 Wfg National Title Company
Lemkin Gregory $800,000 Fidelity National Title Co
Townes Jason $560,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nagendran Julian $1,100,000
Closed Nagendran Julian $517,705
Previous Owner Lemkin Gregory $725,000
Previous Owner Lemkin Gregory A $260,000
Previous Owner Lemkin Gregory $780,000
Previous Owner Lemkin Gregory $176,300
Previous Owner Lemkin Gregory $18,000
Previous Owner Lemkin Gregory $640,000
Previous Owner Townes Jason $448,000
Previous Owner Coleman Courtney L $10,000
Closed Townes Jason $112,000
Closed Lemkin Gregory $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $2,200,000 +0.2% $520 / Sq Ft
08/10/2021 08/10/21 Pending -- -- --
07/28/2021 07/28/21 For Sale $2,195,000 -- $519 / 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
2024 $28,054 $2,288,880 $1,903,932 $384,948
2023 $27,512 $2,244,000 $1,866,600 $377,400
2022 $26,236 $2,200,000 $1,830,000 $370,000
2021 $12,594 $1,031,096 $669,887 $361,209
2020 $12,718 $1,020,525 $663,019 $357,506
2019 $12,221 $1,000,516 $650,019 $350,497
2018 $12,112 $980,899 $637,274 $343,625
2016 $11,554 $942,812 $612,529 $330,283
2015 $11,386 $928,651 $603,329 $325,322
2014 $11,443 $910,461 $591,511 $318,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-766462

The MLS

APN: 5085-016-030