NOT LISTED FOR SALE

Estimated Value: $990,000 - $1,349,661

2 Beds
2 Baths
1,305 Sq Ft
$871/Sq Ft Est. Value

Last Sold April 28, 2022

Last sale price $915,000 $701 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $6,922/month

12 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Spanish Architecture
  • Fireplace
  • John Marshall Senior High Rated A
  • Neighborhood Views
  • Laundry Room

About This Home

As of April 2022

Located at the intersection of the hippest walking neighborhoods of LA. 1600 Allesandro is a mixed-use duplex with two 1 bedroom, 1 bathroom units, each with its own entrance and address. This turnkey property is ready to live in one and rent the other, convert to single family, or open a store in one of the units. Upgraded property - kitchens with stainless steel appliances, central AC, washer and dryer, earthquake retrofit, plumbing, electrical, dual pane windows, and updated water heaters for each unit. Step onto each porch and into living room with fireplace mantle. The hallway opens into a kitchen and a bathroom on the other side. Bedrooms are down the hall and feature a walk in closet. In unit washer dryer is just beyond the kitchen. Dine alfresco in the back yard in the summer when the vines cover the patio, with room to hangout for BBQ and pet. Neighborhood features tree lined streets with family homes. Property is zoned C-2 so use can be flexible. Currently there is only street parking but backyard could possibly be converted into parking. Walking distance to the best restaurants, shopping, and nightlife on Sunset Blvd, Silverlake Blvd, Echo Park lake, Mohawk Bend. Starbucks, fast food, slow food, post office, pizza, beer, grocery stores all walking distance. Stroll to the lake, Elysian Park (Dodger Stadium) or Silverlake reservoir. Costco, Target, Americana are also just a quick bike ride or drive away. Please do not disturb occupants, contact listing agent for questions.

Last Agent to Sell the Property

Jason Tsai

Pellego, Inc. License #02068481 Listed on: 02/23/2022

Pellego, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,705

Year Built

  • Built in 1921

Lot Details

  • 2,284 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Density is 2-5 Units/Acre

Home Design

  • Spanish Architecture
  • Property Attached
  • Turnkey
  • Flat Roof Shape
  • Raised Foundation
  • Stucco

Interior Spaces

  • 1,305 Sq Ft Home
  • Ceiling Fan
  • Fireplace
  • Laminate Flooring
  • Neighborhood Views
  • Carbon Monoxide Detectors

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Additional Features

  • More Than Two Accessible Exits
  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 7945
  • Assessor Parcel Number 5423009022
  • $256 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Maintenance Expense $400
  • Trash Expense $800
  • Water Sewer Expense $1,000
  • Operating Expense $3,300
  • Gross Income $51,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,705

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 449500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1000.00
  • Zoning: LAC2
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 5423009022
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Price Per Square Foot: 701.15
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Stucco

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Central
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 800.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 2284.00
  • Lot Size Acres: 0.0524

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 653 Square Feet
  • Gross Income: 51600.00
  • Gross Scheduled Income: 51600.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 2284.0000 Square Feet
  • Maintenance Expense: 400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Rent Control: Yes
  • Total Expenses: 3300.00

Tax Info

  • Tax Census Tract: 1955.00
  • Tax Lot: 1
  • Tax Tract Number: 7945
  • TaxOtherAnnualAssessmentAmount: 256.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2022
Closed on
Apr 25, 2022
Sold by
Ang Michelle
Bought by
Krier Austin and Krier Elena
Seller's Agent
Jason Tsai
Pellego, Inc.
List Price
$899,000
Sold Price
$915,000
Premium/Discount to List
$16,000
1.78%
Current Estimated Value
$1,136,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,165
Avg. Annual Appreciation
6.38%
Original Mortgage
$686,250
Outstanding Balance
$643,995
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$492,170

Purchase Details

Listed on
Mar 9, 2014
Closed on
Mar 28, 2014
Sold by
Mann Rebecca Victoria
Bought by
Ang Michelle
Seller's Agent
kathleen mahoney
Compass
Buyer's Agent
Ryan H. Sarkissian
List Price
$499,000
Sold Price
$516,000
Premium/Discount to List
$17,000
3.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.41%
Original Mortgage
$335,400
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2012
Sold by
Basford Renee Leann
Bought by
Mann Rebecca Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 15, 2003
Sold by
Cervantes Ramiro
Bought by
Basford Renee Leann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
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
Krier Austin $915,000 Endpoint Title
Ang Michelle $516,000 California Title
Mann Rebecca Victoria -- Fidelity National Title
Basford Renee Leann $310,000 Gateway Title Company
Cervantes Ramiro -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krier Austin $686,250
Previous Owner Ang Michelle $335,400
Previous Owner Mann Rebecca Victoria $329,000
Previous Owner Basford Renee Leann $248,000
Closed Basford Renee Leann $31,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/28/2022 04/28/22 Sold $915,000 +1.8% $701 / Sq Ft
03/07/2022 03/07/22 Pending -- -- --
02/23/2022 02/23/22 For Sale $899,000 +74.2% $689 / Sq Ft
04/28/2014 04/28/14 Sold $516,000 +3.4% $395 / Sq Ft View Prior Sale
03/22/2014 03/22/14 Pending -- -- --
03/09/2014 03/09/14 For Sale $499,000 -- $382 / 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 $11,705 $971,004 $742,845 $228,159
2024 $11,705 $951,966 $728,280 $223,686
2023 $11,475 $933,300 $714,000 $219,300
2022 $7,216 $596,052 $358,094 $237,958
2021 $7,123 $584,366 $351,073 $233,293
2019 $6,908 $567,035 $340,661 $226,374
2018 $6,861 $555,918 $333,982 $221,936
2016 $6,554 $534,333 $321,014 $213,319
2015 $6,386 $526,308 $316,193 $210,115
2014 $4,766 $380,674 $267,437 $113,237
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR22035463

California Regional Multiple Listing Service (CRMLS)

APN: 5423-009-022