NOT LISTED FOR SALE

Estimated Value: $1,550,000 - $2,404,025

9 Beds
5 Baths
3,431 Sq Ft
$598/Sq Ft Est. Value

Last Sold May 27, 2015

Last sale price $1,305,000 $380 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $11,391/month

26 Days on Market

About This Home

As of May 2015

Superb Silver Lake income property with great unit mix for the owner / user or investor containing (3) 2+1s and (1) 3+2. Rear apartments (including the 3+2) have decks with stunning views. The property currently earns high income for the area and offers plenty of future upside. Meticulously maintained by diligent owner and upgraded with copper plumbing.

Last Agent to Sell the Property

Brian Capossela

Cap Equity Realty License #01795725 Listed on: 02/05/2015

Last Buyer's Agent

Lane Aronson

Berkshire Hathaway HomeServices California Properties License #00681193

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,767

Year Built

  • Built in 1966

Lot Details

  • 7,890

Interior Spaces

  • 3,431 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Parking

  • 4 Parking Spaces
  • Carport

Additional Features

  • 7,890 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 5424-023-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,767

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Superb Silver Lake income property with great unit mix for the owner / user or investor containing (3) 2+1s and (1) 3+2. Rear apartments (including owner unit) have decks with stunning views. The property currently earns high income for the area and offers plenty of future upside. Meticulously maintained by diligent owner and upgraded with copper plumbing.
  • Living Area: 3431
  • Stories: 2
  • Year Built: 1966
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Common Walls: Attached
  • Laundry: Community
  • Total Bathrooms: 5.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 386.18

Exterior Features

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

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 4

Utilities

  • Heating: Wall
  • Water Expense: 3820.00

Fee Information

  • Insurance Expense: 8239.00
  • Maintenance Expense: 180.00

Lot Info

  • Assessed Improvement Value: 302900
  • Assessed Land Value: 797100
  • Assessor Parcel Number: 5424-023-008
  • Geocode Override: No
  • Lot Size Area: 7890

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.30
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: 2s & 3s

Tax Info

  • Tax Expense: 16563.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2015
Sold by
Shah Ketan
Bought by
B K Shah Investments Llc
Current Estimated Value
$1,781,777

Purchase Details

Listed on
Feb 5, 2015
Closed on
Apr 15, 2015
Sold by
Lada Dennis J
Bought by
Shah Ketan and Shah Bhavita
Seller's Agent
Brian Capossela
Cap Equity Realty
Buyer's Agent
Lane Aronson
Berkshire Hathaway HomeServices California Properties
List Price
$1,325,000
Sold Price
$1,305,000
Premium/Discount to List
-$20,000
-1.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.45%
Original Mortgage
$848,250
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2005
Sold by
Vodde Gerald F
Bought by
Lada Dennis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$717,500
Interest Rate
5.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2004
Sold by
Vodde Gerald F
Bought by
Vodde Gerald F and Assisi Trust

Purchase Details

Closed on
Aug 2, 2004
Sold by
Vodde Gerald F
Bought by
Vodde Gerald F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$447,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 1999
Sold by
Patterson Milton M
Bought by
The Milton M Patterson Jr Revocable Tr
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
B K Shah Investments Llc -- None Available
Shah Ketan $1,305,000 Usa National Title Co
Lada Dennis J -- Fidelity National Title Co
Vodde Gerald F -- --
Vodde Gerald F -- American Coast Title Company
The Milton M Patterson Jr Revocable Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shah Ketan $848,250
Previous Owner Lada Dennis J $717,500
Previous Owner Vodde Gerald F $447,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2015 05/27/15 Sold $1,305,000 -1.5% $380 / Sq Ft
03/03/2015 03/03/15 Pending -- -- --
02/05/2015 02/05/15 For Sale $1,325,000 -- $386 / 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 $24,767 $2,037,517 $1,426,262 $611,255
2024 $24,484 $1,997,567 $1,398,297 $599,270
2023 $24,008 $1,958,400 $1,370,880 $587,520
2022 $22,889 $1,920,000 $1,344,000 $576,000
2021 $17,386 $1,438,142 $984,280 $453,862
2019 $16,867 $1,395,488 $955,087 $440,401
2018 $16,757 $1,368,126 $936,360 $431,766
2016 $16,129 $1,324,900 $794,940 $529,960
2015 $14,166 $1,160,000 $840,600 $319,400
2014 $13,775 $1,100,000 $797,100 $302,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-877087

The MLS

APN: 5424-023-008