NOT LISTED FOR SALE

1608 Silver Lake Los Angeles, CA 90026

Estimated Value: $1,545,000 - $2,033,000

5 Beds
3 Baths
2,380 Sq Ft
$734/Sq Ft Est. Value

Last Sold May 31, 2018

Last sale price $1,225,000 $515 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $11,027/month

17 Days on Market

About This Home

As of May 2018

Prime location triplex. 2 bedroom townhouse style unit with bonus area combined with 2 one bedroom units.all units with hardwood floors and back yard. separate 4 car garage.Owner will carry 1st trust deed. Terms and conditions upon negotiation. 1527 Silver Lake also for sale and owners will carry both.Do not disturb tenants. Offer subject to inspection.

Last Agent to Sell the Property

Michael Richards

Berkshire Hathaway HomeServices California Properties License #01002720 Listed on: 04/24/2018

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Lane Aronson

Berkshire Hathaway HomeServices California Properties License #00681193

Last Buyer's Agent

Travis Bayles

Compass License #01895090

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,569

Year Built

  • Built in 1939

Lot Details

  • 4,999

Parking

  • 4 Car Detached Garage

Interior Spaces

  • 2,380 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • 4,999 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5425-023-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,569

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Prime location triplex. 2 bedroom townhouse style unit with bonus area combined with 2 one bedroom units.all units with hardwood floors and back yard. separate 4 car garage.Owner will carry 1st trust deed. Terms and conditions upon negotiation. 1527 Silver Lake also for sale and owners will carry both.Do not disturb tenants. Offer subject to inspection. Please contact Lane Aronson for details.
  • Living Area: 2380
  • Stories: 2
  • Year Built: 1939
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 503.78

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Detached
  • Total Parking: 4

Utilities

  • Heating: Wall Gas
  • Water Expense: 200.00

Lot Info

  • Assessed Improvement Value: 366516
  • Assessed Land Value: 549246
  • Assessor Parcel Number: 5425-023-006
  • Geocode Override: No
  • Lot Size Area: 4999

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Type Of Units: residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2025
Sold by
David Tewasart Inc
Bought by
Tewasart David
Current Estimated Value
$1,779,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$999,134
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$747,237

Purchase Details

Listed on
Apr 24, 2018
Closed on
May 18, 2018
Sold by
Mrly Llc
Bought by
Desert Investment 1 Llc
Seller's Agent
Michael Richards
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Travis Bayles
Compass
List Price
$1,199,000
Sold Price
$1,225,000
Premium/Discount to List
$26,000
2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.90%
Original Mortgage
$900,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 16, 2016
Sold by
Lau Leland G
Bought by
Mr Ly Llc

Purchase Details

Closed on
Dec 17, 2013
Sold by
Mr Lv Llc
Bought by
Lau Leland G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2003
Sold by
Lau Leland G
Bought by
Mr Ly Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,750
Interest Rate
5.72%

Purchase Details

Closed on
Dec 14, 2000
Sold by
Capers Vernon L and Capers Gail A
Bought by
Lau Leland G and Lau Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
7.41%

Purchase Details

Closed on
May 24, 1999
Sold by
Pagnone Paul and John Pagnone Trust
Bought by
Pagnone Theresa J

Purchase Details

Closed on
Apr 19, 1999
Sold by
Pagnone Paul
Bought by
Pagnone Theresa J

Purchase Details

Closed on
Apr 29, 1998
Sold by
Pagnone Theresa J
Bought by
Pagnone Theresa J and Theresa J Pagnone Personal Trust
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
Tewasart David -- Chicago Title
Desert Investment 1 Llc $1,225,000 California Title Company
Mr Ly Llc -- None Available
Lau Leland G -- First American Title Company
Mr Ly Llc -- --
Lau Leland G -- --
Lau Leland G $275,000 Old Republic Title Company
Pagnone Theresa J -- --
Pagnone Theresa J -- --
Pagnone Theresa J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tewasart David $1,000,000
Previous Owner Desert Investment 1 Llc $900,000
Previous Owner Lau Leland G $193,000
Previous Owner Lau Leland G $217,750
Previous Owner Lau Leland G $206,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2018 05/31/18 Sold $1,225,000 0.0% $515 / Sq Ft
05/11/2018 05/11/18 Pending -- -- --
05/08/2018 05/08/18 Off Market $1,225,000 -- --
04/24/2018 04/24/18 For Sale $1,199,000 -- $504 / 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 $20,569 $1,716,660 $1,248,480 $468,180
2024 $20,569 $1,683,000 $1,224,000 $459,000
2023 $20,168 $1,650,000 $1,200,000 $450,000
2022 $15,679 $1,313,446 $991,786 $321,660
2021 $15,486 $1,287,693 $972,340 $315,353
2020 $15,644 $1,274,490 $962,370 $312,120
2019 $15,022 $1,249,500 $943,500 $306,000
2018 $11,485 $934,076 $560,230 $373,846
2016 $10,974 $897,807 $538,477 $359,330
2015 $10,815 $884,322 $530,389 $353,933
2014 $6,303 $492,923 $347,947 $144,976
Source: Public Records

Agents Affiliated with this Home

  • Michael Richards

    Seller's Agent in 2018

    Michael Richards

    Berkshire Hathaway HomeServices California Properties

    (323) 671-1200

    1 in this area

    10 Total Sales

    Michael Richards
    Section Image
  • Lane Aronson

    Seller Co-Listing Agent in 2018

    Lane Aronson

    Berkshire Hathaway HomeServices California Properties

    (323) 671-1233

    3 in this area

    22 Total Sales

    Lane Aronson
    Section Image
  • Travis Bayles

    Buyer's Agent in 2018

    Travis Bayles

    Compass

    (626) 230-4759

    3 in this area

    24 Total Sales

    Travis Bayles
    Section Image
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Map

Source: The MLS

MLS Number: 18-336752

The MLS

APN: 5425-023-006

California Los Angeles County Los Angeles 90026

1608 Silver Lake, Los Angeles, CA

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