NOT LISTED FOR SALE

Estimated Value: $1,119,000 - $4,159,200

6 Beds
5 Baths
2,862 Sq Ft
$922/Sq Ft Est. Value

Last Sold November 26, 2014

Last sale price $854,900 $299 Per Sq Ft

Est. 209% increase in value since last sale

Current estimated payment $16,835/month

6 Days on Market

About This Home

As of November 2014

Location. Location. Location. Cornet Lot Property. Take advantage of this great opportunity to buy an investment property in Silverlake. The property was built in 1916 and is overflowing with the Craftsman charm inside and outside the units. The lot is zoned LAC2 and is just under 10,000 sqft. Hardwood floors throughout. Fireplaces in units. Private Patios. Large parking area. Located walking distance to restaurants, shops, coffee, etc...

Last Agent to Sell the Property

Sebastian Stofenmacher

Edgestone Real Estate, Inc. License #01328684 Listed on: 09/25/2014

Last Buyer's Agent

Sebastian Stofenmacher

Edgestone Real Estate, Inc. License #01328684 Listed on: 09/25/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,118

Year Built

  • Built in 1916

Lot Details

  • 9,680 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2,862 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 5542018012

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $600
  • Insurance Expense $2,400
  • Trash Expense $600
  • Water Sewer Expense $2,400
  • Gross Income $58,800
  • Net Operating Income $58,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,118

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 5542018012
  • Year Built: 1916
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 298.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9680.00
  • Lot Size Acres: 0.2220

Multi Family

  • Electric Expense: 600.00
  • Gross Income: 58800.00
  • Gross Scheduled Income: 64800.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 9680.0000 Square Feet
  • Net Operating Income: 58800.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 6000.00
  • Rent Control: Yes

Tax Info

  • Tax Lot: 15
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2016
Sold by
Fard Joshua and Ravan Ronie
Bought by
Chs Property Holdings Lp
Current Estimated Value
$2,639,100

Purchase Details

Closed on
Mar 2, 2016
Sold by
Fountain Haus Llc
Bought by
Ravan Ronie

Purchase Details

Closed on
Dec 1, 2015
Sold by
Ravan Ronie
Bought by
Fountain Haus Llc

Purchase Details

Listed on
Sep 25, 2014
Closed on
Nov 19, 2014
Sold by
Ravan Pauline Eliasnik
Bought by
Ravan Ronie
Seller's Agent
Sebastian Stofenmacher
Edgestone Real Estate, Inc.
Buyer's Agent
Sebastian Stofenmacher
Edgestone Real Estate, Inc.
List Price
$854,900
Sold Price
$854,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.94%
Original Mortgage
$641,175
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 25, 2014
Closed on
Oct 9, 2014
Sold by
Fannie Mae
Bought by
Ravan Ronie
Seller's Agent
Sebastian Stofenmacher
Edgestone Real Estate, Inc.
Buyer's Agent
Sebastian Stofenmacher
Edgestone Real Estate, Inc.
List Price
$854,900
Sold Price
$854,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$641,175
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 13, 2014
Sold by
Joshi Prem and Welirang Deynica
Bought by
Bank Of America Na

Purchase Details

Closed on
Jun 11, 2014
Sold by
Bank Of America Na
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 21, 2007
Sold by
Joshi Prem
Bought by
Joshi Prem and Welirang Deynice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2003
Sold by
Stuppel Illana
Bought by
Gruen John Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$469,600
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2002
Sold by
Villareal Santiago
Bought by
Stuppel Illana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 2000
Sold by
Ackerman Bldg Contractors Inc
Bought by
Villareal Santiago

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
8.67%
Mortgage Type
Purchase Money Mortgage
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
Chs Property Holdings Lp $2,425,000 Fidelity Sherman Oaks
Ravan Ronie -- Fidelity Sherman Oaks
Fard Joshua -- Fidelity Sherman Oaks
Ravan Ronie -- None Available
Fard Joshua $425,000 None Available
Fountain Haus Llc -- Fidelity National Title Co
Ravan Ronie -- Stewart Title Of Ca Inc
Ravan Ronie $855,000 Stewart Title Of Ca Inc
Bank Of America Na $999,134 Stewart Title
Federal National Mortgage Association -- Accommodation
Joshi Prem -- Security Union Title
Gruen John Peter $595,000 American Title Co
Stuppel Illana -- American Title Co
Villareal Santiago $310,000 Benefit Land Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ravan Ronie $641,175
Previous Owner Joshi Prem $787,500
Previous Owner Gruen John Peter $469,600
Previous Owner Stuppel Illana $360,000
Previous Owner Villareal Santiago $279,000
Closed Stuppel Illana $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2014 11/26/14 Sold $854,900 0.0% $299 / Sq Ft
10/01/2014 10/01/14 Pending -- -- --
09/25/2014 09/25/14 For Sale $854,900 -- $299 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $34,118 $2,870,705 $2,870,705 --
2024 $34,118 $2,814,417 $2,814,417 --
2023 $33,448 $2,759,233 $2,759,233 $0
2022 $31,878 $2,705,131 $2,705,131 $0
2021 $31,517 $2,652,090 $2,652,090 $0
2019 $30,918 $2,573,427 $2,001,437 $571,990
2018 $30,718 $2,522,969 $1,962,194 $560,775
2016 $10,841 $868,038 $507,625 $360,413
2015 $10,687 $855,000 $500,000 $355,000
2014 $13,026 $1,025,605 $969,869 $55,736
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14206264

California Regional Multiple Listing Service (CRMLS)

APN: 5542-018-012