NOT LISTED FOR SALE

1259 Tamarind Ave Los Angeles, CA 90038

Hollywood Neighborhood

Estimated Value: $1,825,000 - $2,220,000

4 Beds
4 Baths
4,096 Sq Ft
$497/Sq Ft Est. Value

Last Sold October 20, 2017

Last sale price $1,300,000 $317 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $12,309/month

7 Days on Market

About This Home

As of October 2017

Opportunity knocks for investors or developers - incredible fourplex with grand units on a large flat lot zoned LAR3 in one of the best areas of Hollywood. With incredible development potential for small lot homes, adding units or a large condo/apartment building, the existing 1922 Spanish fourplex includes grand 1 bedrooms that are so big they have been used as 2 bedrooms with current rents of $6,490 per month with 27% upside. One unit may be delivered vacant. Development happening all around with Billions of dollars being spent up the street on Sunset and Hollywood Blvd including the new Netflix, Viacom and Columbia Square buildings. Sold "As-is." Detached 4 car garage with 11 parking spaces! Steps to Sugar Fish, Delancey and The Arclight.

Last Agent to Sell the Property

Grant Linscott

Keller Williams Realty Los Feliz License #01715002 Listed on: 09/21/2017

Keller Williams Realty Los Feliz

Last Buyer's Agent

Roger Perry

Rodeo Realty License #01882885

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,126

Year Built

  • Built in 1922

Lot Details

  • 6,755 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Spanish Architecture

Interior Spaces

  • 4,096 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

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

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5534-011-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,126

Year Built

Built in 1922

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 4096
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 309.81

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking: 4
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 11

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Sewer: In Street
  • Water: In Street

Lot Info

  • Assessed Improvement Value: 305863
  • Assessed Land Value: 367035
  • Assessor Parcel Number: 5534-011-001
  • Geocode Override: No
  • Lot Size Area: 6755

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.29
  • Number Of Units: 4
  • Total Annual Expense: 22585
  • Type Of Units: fourplex
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2017
Closed on
Oct 3, 2017
Sold by
Pimental Edgar L
Bought by
1259 Tamarind Llc
Seller's Agent
Grant Linscott
Keller Williams Realty Los Feliz
Buyer's Agent
Roger Perry
Rodeo Realty
List Price
$1,269,000
Sold Price
$1,300,000
Premium/Discount to List
$31,000
2.44%
Current Estimated Value
$2,034,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$734,651
Avg. Annual Appreciation
4.79%

Purchase Details

Closed on
Feb 26, 2016
Sold by
Khursan Investments Llc
Bought by
Khursan Lara

Purchase Details

Closed on
Oct 5, 2007
Sold by
Khursan Lara
Bought by
Khursan Investments Llc

Purchase Details

Closed on
Jun 18, 2003
Sold by
Garcia Jesus
Bought by
Khursan Lara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2001
Sold by
First Federal Bank Of California
Bought by
Garcia Jesus and Garcia Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
7.24%

Purchase Details

Closed on
Feb 28, 2000
Sold by
Nakamura Bob
Bought by
First Federal Bank Of California and First Fsb Of California
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
1259 Tamarind Llc $1,300,000 Fatco
Khursan Lara -- None Available
Khursan Investments Llc -- None Available
Khursan Lara $550,000 Ticor Title Company
Garcia Jesus $240,000 Stewart Title
First Federal Bank Of California $213,303 American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khursan Lara $960,000
Previous Owner Khursan Lara $619,600
Previous Owner Khursan Lara $100,000
Previous Owner Khursan Lara $495,000
Previous Owner Garcia Jesus $200,000
Previous Owner Garcia Jesus $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2017 10/20/17 Sold $1,300,000 +2.4% $317 / Sq Ft
09/28/2017 09/28/17 Pending -- -- --
09/21/2017 09/21/17 For Sale $1,269,000 -- $310 / 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 $18,126 $1,479,174 $1,137,827 $341,347
2024 $18,126 $1,450,171 $1,115,517 $334,654
2023 $17,779 $1,421,738 $1,093,645 $328,093
2022 $16,958 $1,393,861 $1,072,201 $321,660
2021 $16,732 $1,366,531 $1,051,178 $315,353
2019 $16,192 $1,326,000 $1,020,000 $306,000
2018 $16,051 $1,300,000 $1,000,000 $300,000
2016 $8,378 $672,898 $367,035 $305,863
2015 $8,258 $662,791 $361,522 $301,269
2014 $8,307 $649,809 $354,441 $295,368
Source: Public Records

Agents Affiliated with this Home

  • Grant Linscott

    Seller's Agent in 2017

    Grant Linscott

    Keller Williams Realty Los Feliz

    (323) 300-1000

    41 in this area

    204 Total Sales

    Grant Linscott
    Section Image
  • Roger Perry

    Buyer's Agent in 2017

    Roger Perry

    Rodeo Realty

    (213) 999-1838

    4 in this area

    99 Total Sales

    Roger Perry
    Section Image
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Map

Source: The MLS

MLS Number: 17-272864

The MLS

APN: 5534-011-001

California Los Angeles County Los Angeles 90028 Hollywood

1259 Tamarind Ave, Los Angeles, CA

This home is located at 1259 Tamarind Ave, Los Angeles, CA 90038 since 21 September 2017 and is currently estimated at $2,034,651, approximately $496 per square foot. This property was built in 1922. 1259 Tamarind Ave 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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