NOT LISTED FOR SALE

Estimated Value: $1,167,000 - $1,543,186

6 Beds
3.5 Baths
2,880 Sq Ft
$477/Sq Ft Est. Value

Last Sold December 22, 2020

Last sale price $960,000 $333 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $8,328/month

115 Days on Market

Highlights

  • City Lights View
  • Deck
  • Balcony
  • Craftsman Architecture
  • Covered Patio or Porch
  • Bathtub with Shower

About This Home

As of December 2020

Unique opportunity to own a piece of history in Los Angeles's very first suburb, Angelino Heights. Nestled between Echo Park and Chinatown, this gracious two story 1906 Craftsman gem with Downtown skyline views is ready for renewal. Two spacious 3 bedroom, 3.25 bath attached units have all their original details intact. One unit is occupied and tastefully remodeled. The second unit will be delivered vacant, and is a clean slate for your home design inspirations. Ample porch and deck are timeless add ons. A rare opportunity for an owner/restorer or investor to leverage immediate equity. All the while residing in an eclectic and vibrant Eastside neighborhood with close proximity to Sunset Blvd, within minutes of Downtown LA and Silver Lake. You're in the middle of it all.

Last Agent to Sell the Property

Casey Sullivan

Compass License #02100643 Listed on: 08/27/2020

Compass

Last Buyer's Agent

Mitchell Maher

Mitchell Maher Appraiser License #AL3002719

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,565

Year Built

  • Built in 1906

Lot Details

  • 4,625 Sq Ft Lot
  • East Facing Home
  • Fenced
  • Historic Home

Home Design

  • Craftsman Architecture

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property
  • City Lights Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 3.5 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5405-024-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,565

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: Two
  • Street Number Display: Yes
  • ADA Compliant: No
  • Advertising Remarks: Unique opportunity to own a piece of history in Los Angeles's very first suburb, Angelino Heights. Nestled between Echo Park and Chinatown, this gracious two story 1906 Craftsman gem with Downtown skyline views is ready for renewal. Two spacious 3 bedroom, 3.25 bath attached units have all their original details intact. One unit is occupied and tastefully remodeled. The second unit will be delivered vacant, and is a clean slate for your home design inspirations. Ample porch and deck are timeless add ons. A rare opportunity for an owner/restorer or investor to leverage immediate equity. All the while residing in an eclectic and vibrant Eastside neighborhood with close proximity to Sunset Blvd, within minutes of Downtown LA and Silver Lake. You're in the middle of it all.
  • Building Permit: No
  • Entry Location: Ground Level w/steps
  • Living Area: 2880
  • Lot Acreage: 0.1060
  • Probate: No
  • Stories: 2
  • Year Built: 1906
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Common Walls
  • Bedrooms: 6
  • Bedroom Features: All Bedrooms Up, Master Bedroom
  • Common Walls: Attached
  • Bathroom Features: Shower and Tub
  • Laundry: Inside
  • Total Bathrooms: 3.25
  • Equipment: Dryer
  • Price Per S Q F T: 346.53

Exterior Features

  • Direction Faces: East
  • Other Features: Balcony, Historical
  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Covered Porch, Deck(s)
  • Pool: No
  • Spa Yn: No
  • View: City Lights
  • View: Yes

Utilities

  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Percent: 36.84
  • Assessed Improvement Value: 62464
  • Assessed Land Percent: 63.16
  • Assessed Land Value: 107096
  • Total Assessed Value: 169560
  • Assessor Parcel Number: 5405-024-004
  • Geocode Override: No
  • Lot Description: Fenced
  • Lot Size Area: 4625

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.00
  • Number Of Units: 2
  • Rent Control: 50
  • Total Annual Expense: 15480
  • Type Of Units: 3 bedrooms
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2024
Sold by
Gensler Thisbe
Bought by
Thisbe Gensler Living Trust and Gensler
Current Estimated Value
$1,373,297

Purchase Details

Closed on
Jan 3, 2023
Sold by
Maher Mitchell
Bought by
Mitchell Maher Living Trust and Maher

Purchase Details

Listed on
Aug 27, 2020
Closed on
Dec 10, 2020
Sold by
Donald R Noseworthy Trust and The Donald R Noseworthy Trust
Bought by
Maher Mitchell and Gensler Thisbe
Seller's Agent
Casey Sullivan
Compass
Buyer's Agent
Mitchell Maher
Mitchell Maher Appraiser
List Price
$998,000
Sold Price
$960,000
Premium/Discount to List
-$38,000
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.74%
Original Mortgage
$460,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2018
Sold by
Noseworthy Donald R
Bought by
Noseworthy Donald R and The Donald R Noseworthy Trust
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
Thisbe Gensler Living Trust -- None Listed On Document
Mitchell Maher Living Trust -- None Listed On Document
Maher Mitchell $960,000 New Title Company Name
Noseworthy Donald R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maher Mitchell $460,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/04/2021 01/04/21 Price Changed $998,000 0.0% $347 / Sq Ft
12/27/2020 12/27/20 For Sale $998,000 +4.0% $347 / Sq Ft
12/22/2020 12/22/20 Sold $960,000 0.0% $333 / Sq Ft
12/20/2020 12/20/20 Pending -- -- --
10/17/2020 10/17/20 Off Market $960,000 -- --
09/18/2020 09/18/20 Price Changed $998,000 -3.9% $347 / Sq Ft
08/27/2020 08/27/20 For Sale $1,039,000 -- $361 / 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 $12,565 $1,039,133 $757,701 $281,432
2024 $12,565 $1,018,759 $742,845 $275,914
2023 $12,323 $998,784 $728,280 $270,504
2022 $11,749 $979,200 $714,000 $265,200
2021 $11,596 $960,000 $700,000 $260,000
2020 $2,469 $179,935 $113,649 $66,286
2019 $2,381 $176,408 $111,421 $64,987
2018 $2,315 $172,950 $109,237 $63,713
2016 $2,181 $166,237 $104,997 $61,240
2015 $2,152 $163,741 $103,420 $60,321
2014 $2,171 $47,555 $23,579 $23,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-626174

The MLS

APN: 5405-024-004