NOT LISTED FOR SALE

Estimated Value: $1,386,000 - $1,937,557

7 Beds
4 Baths
3,278 Sq Ft
$514/Sq Ft Est. Value

Last Sold September 01, 2015

Last sale price $10,600,000 $3,234 Per Sq Ft

Current estimated payment $10,468/month

18 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Front Yard
  • Laundry Room

About This Home

As of September 2015

Fantastic income property with the ability to live in the front 2 bedroom Spanish style home and have the tenants assist with the payment. This impeccably maintained property is located on a quiet street off of Verdugo Road and is a mixed use neighborhood with multi-res as well as single family homes. The charming front home has 2 bedrooms, 1 bath and a dining room. The original hardwood floors are in the dining room, hallway and bedrooms. There is a wood burning fireplace and a wood beamed ceiling. This unit has a private patio. The rear building has two 2 bedroom 1 bath units and one 1 bedrooms unit. There is also a coin washer and dryer that is included and two small storage units. All of the back units have wood cabinetry in the kitchen and window A/C. All of the units have newer dual paned windows. There is also a new sewer line from the back units to the city connection. The exterior of the buildings were recently painted. A large portion of the water lines are copper.

Last Agent to Sell the Property

Joyce Starleaf

Equity Union License #00782682 Listed on: 08/06/2015

Equity Union

Co-Listed By

Alison Tideback

Equity Union License #01334601

Last Buyer's Agent

John Seward

Seward Real Estate & Financial, Inc. License #01851873

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,805

Year Built

  • Built in 1929

Lot Details

  • 7,161 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Parking

  • 1 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,278 Sq Ft Home
  • Living Room with Fireplace
  • Gas Cooktop

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 10103
  • Assessor Parcel Number 5683004005

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $750
  • Insurance Expense $1,550
  • Water Sewer Expense $1,740
  • New Taxes Expense $13,987
  • Gross Income $5,250
  • Net Operating Income $58,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,805

Year Built

Built in 1929

Lot Details

0

Parking

1

Listing Details

  • Other Phone Description: Cell
  • Other Phone Number: 818-426-4833
  • Property Attached: Yes
  • Water Sewer Expenses: 1740.00
  • Property Type: Residential Income
  • Parcel Number: 5683004005
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 3233.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Dryer Included, Individual Room, Washer Included
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters, Street Lights

Lot Info

  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7161.00
  • Price Per Lot Square Foot: 1480.24
  • Lot Size Acres: 0.1640

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 750.00
  • Gross Income: 5250.00
  • Gross Scheduled Income: 63000.00
  • Insurance Expense: 1550.00
  • Lot Size Area: 7161.0000 Square Feet
  • Net Operating Income: 58800.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 2
  • Operating Expense: 4200.00
  • Rent Control: No
  • Total Actual Rent: 5250.00

Tax Info

  • New Taxes Expense: 13987.00
  • Tax Lot: 5
  • Tax Tract Number: 10103

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2025
Sold by
Koshkerian Alex
Bought by
Koshkerian Family Trust and Koshkerian
Current Estimated Value
$1,757,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$498,229
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$1,185,160

Purchase Details

Closed on
May 7, 2025
Sold by
Koshkerian Family Trust and Koshkerian Alex
Bought by
Koshkerian Alex

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$498,229
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$1,185,160

Purchase Details

Closed on
Sep 19, 2024
Sold by
Koshkerian Rafi Wahan
Bought by
Koshkerian Family Trust and Koshkerian

Purchase Details

Listed on
Aug 6, 2015
Closed on
Aug 21, 2015
Sold by
Marienfeldt George H and Marienfeldt Rita
Bought by
The Koshkerian Family Trust
Seller's Agent
Joyce Starleaf
Equity Union
Buyer's Agent
John Seward
Seward Real Estate & Financial, Inc.
List Price
$1,119,000
Sold Price
$10,600,000
Premium/Discount to List
$9,481,000
847.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-16.69%

Purchase Details

Closed on
Apr 15, 1999
Sold by
Marienfeldt George H and Marienfeldt Rita
Bought by
Marienfeldt George H and Marienfeldt Rita

Purchase Details

Closed on
Mar 23, 1994
Sold by
Marienfeldt George H and Marienfeldt Rita
Bought by
Marienfeldt George H and Marienfeldt Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
7.21%
Source: Public Records

Range of Values:

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Average Value
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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
Koshkerian Family Trust -- --
Koshkerian Alex -- Socal Title Company
Koshkerian Family Trust -- None Listed On Document
The Koshkerian Family Trust $1,060,000 Chicago Title Company
Marienfeldt George H -- --
Marienfeldt George H -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koshkerian Alex $500,000
Previous Owner Marienfeldt George H $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2015 09/01/15 Sold $10,600,000 +847.3% $3,234 / Sq Ft
08/24/2015 08/24/15 Pending -- -- --
08/06/2015 08/06/15 For Sale $1,119,000 -- $341 / 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 $13,805 $1,254,819 $947,036 $307,783
2024 $13,805 $1,230,216 $928,467 $301,749
2023 $13,494 $1,206,095 $910,262 $295,833
2022 $13,261 $1,182,447 $892,414 $290,033
2021 $13,029 $1,159,263 $874,916 $284,347
2020 $12,843 $1,147,377 $865,945 $281,432
2019 $12,533 $1,124,880 $848,966 $275,914
2018 $12,273 $1,102,824 $832,320 $270,504
2016 $11,705 $1,060,000 $800,000 $260,000
2015 $5,043 $446,713 $134,818 $311,895
2014 $5,023 $437,964 $132,178 $305,786
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB15173385

California Regional Multiple Listing Service (CRMLS)

APN: 5683-004-005