NOT LISTED FOR SALE

1606 Westerly Terrace Los Angeles, CA 90026

Estimated Value: $1,356,000 - $2,237,000

5 Beds
4 Baths
2,528 Sq Ft
$662/Sq Ft Est. Value

Last Sold July 22, 2016

Last sale price $1,050,000 $415 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $10,617/month

86 Days on Market

About This Home

As of July 2016

Two hillside duplexes located in prime Silver Lake on a street to street lot. The Westerly side St duplex features large two bedrooms, one bath apartment with canyon views, fireplace, hardwood floors, and eat in area in the kitchen This unit has also exclusive use of large bonus/studio room with full bath. Directly underneath is a cozy one bedroom, one bath apartment with views, hardwood floors and original details. Walk down the green path to reach a second duplex facing Randall St. It comprises of two small one bedroom, one bath apartments with hardwood floors and built over four garages. Property needs some TLC but it has tremendous upside for an investor and owner user alike. You can not go wrong by investing in this area. Just stroll down the street to the Silver Lake Reservoir, the Dog Park, coffee shops and eateries and check it all out for yourself.

Last Agent to Sell the Property

Andrew Maleski

ACM Properties License #00891944 Listed on: 03/28/2016

Last Buyer's Agent

Iric Fishbein

eXp Realty of California Inc License #01976501

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,355

Year Built

  • Built in 1949

Lot Details

  • 4,875 Sq Ft Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 2,528 Sq Ft Home
  • 2-Story Property
  • Gas And Electric Dryer Hookup

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5425-017-019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,355

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2528
  • Stories: 2
  • Year Built: 1949
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 4.00
  • Equipment: Garbage Disposal, Gas Or Electric Dryer Hookup, Range/Oven, Refrigerator
  • Price Per S Q F T: 433.15

Exterior Features

  • Construction: Stucco
  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Composition
  • View: No

Garage/Parking

  • Parking Garage: Attached, Garage - 4+ Car, Garage Is Attached
  • Total Parking: 4

Utilities

  • Heating: Combination

Lot Info

  • Assessed Improvement Value: 199473
  • Assessed Land Value: 481209
  • Assessor Parcel Number: 5425-017-019
  • Geocode Override: No
  • Lot Size Area: 4875

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 18.90
  • Number Of Units: 4
  • Type Of Units: Flats

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2016
Closed on
Jul 7, 2016
Sold by
Rupp Louise A and The Louise A Rupp Revocable Tr
Bought by
Hidalgo Llc
Seller's Agent
Andrew Maleski
ACM Properties
Buyer's Agent
Iric Fishbein
eXp Realty of California Inc
List Price
$1,179,000
Sold Price
$1,050,000
Premium/Discount to List
-$129,000
-10.94%
Current Estimated Value
$1,672,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$622,558
Avg. Annual Appreciation
5.16%
Original Mortgage
$488,500
Outstanding Balance
$389,171
Interest Rate
3.6%
Mortgage Type
Seller Take Back
Estimated Equity
$1,283,387

Purchase Details

Closed on
Nov 7, 2014
Sold by
Rupp Louise A
Bought by
Rupp Louise A and Louise A Rupp Revocable Trust

Purchase Details

Closed on
Sep 5, 2014
Sold by
Rocha Jesus and Alan Hope Kirk Trust
Bought by
Rupp Louise A

Purchase Details

Closed on
Mar 11, 2009
Sold by
Rupp Louise A
Bought by
Rupp Louise A and Louise A Rupp Revocable Trust

Purchase Details

Closed on
Jan 30, 2009
Sold by
Kirk Alan Hope
Bought by
Kirk Alan Hope and Alan Hope Kirk 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
Hidalgo Llc $1,050,000 Lawyers Title
Rupp Louise A -- None Available
Rupp Louise A -- None Available
Rupp Louise A -- None Available
Kirk Alan Hope -- None Available
Kirk Alan Hope -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hidalgo Llc $488,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2016 07/22/16 Sold $1,050,000 -4.1% $415 / Sq Ft
06/09/2016 06/09/16 Price Changed $1,095,000 -3.5% $433 / Sq Ft
05/11/2016 05/11/16 Price Changed $1,135,000 -3.7% $449 / Sq Ft
03/28/2016 03/28/16 For Sale $1,179,000 -- $466 / 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 $22,355 $1,835,423 $1,298,917 $536,506
2024 $20,601 $1,685,197 $1,273,449 $411,748
2023 $20,200 $1,652,155 $1,248,480 $403,675
2022 $19,255 $1,619,760 $1,224,000 $395,760
2021 $13,588 $1,125,810 $788,067 $337,743
2020 $13,726 $1,114,267 $779,987 $334,280
2019 $13,182 $1,092,420 $764,694 $327,726
2018 $13,102 $1,071,000 $749,700 $321,300
2016 $8,475 $691,061 $488,547 $202,514
2015 $8,339 $680,682 $481,209 $199,473
2014 $4,771 $371,185 $253,094 $118,091
Source: Public Records

Agents Affiliated with this Home

  • Andrew Maleski

    Seller's Agent in 2016

    Andrew Maleski

    ACM Properties

    (213) 422-2944

    1 in this area

    14 Total Sales

    Andrew Maleski
    Section Image
  • Iric Fishbein

    Buyer's Agent in 2016

    Iric Fishbein

    eXp Realty of California Inc

    (310) 666-7119

    3 in this area

    23 Total Sales

    Iric Fishbein
    Section Image
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Map

Source: The MLS

MLS Number: 16-109864

The MLS

APN: 5425-017-019

California Los Angeles County Los Angeles 90026

1606 Westerly Terrace, Los Angeles, CA

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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