NOT LISTED FOR SALE

1624 Westerly Terrace Los Angeles, CA 90026

Estimated Value: $1,895,000 - $2,338,877

5 Beds
6 Baths
4,315 Sq Ft
$502/Sq Ft Est. Value

Last Sold November 09, 2015

Last sale price $1,450,000 $336 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $13,493/month

137 Days on Market

About This Home

As of November 2015

Rosano Partners is pleased to present the opportunity to acquire a tri-plex located in the heart of Silver Lake. Built in 1989 the subject property offers a unit mix of 2 one-bedroom one-bathroom, and 1 beautiful single family house. The average rent per square foot is $1.69 while the market rent is more than $1.92 per square foot depending on improvements and finishes. With rents being 12% below market in a location that is continuing to gentrify, this property is the ideal investment for a savvy investor.

Last Agent to Sell the Property

Sagiv Rosano

Rosano Partners License #01380809 Listed on: 11/24/2014

Last Buyer's Agent

Sagiv Rosano

Rosano Partners License #01380809 Listed on: 11/24/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,683

Year Built

  • Built in 1989

Lot Details

  • 4,795 Sq Ft Lot

Interior Spaces

  • 4,315 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Parking

  • 5 Parking Spaces
  • Covered Parking

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5425-017-023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,683

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4315
  • Stories: 2
  • Year Built: 1989
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Price Per S Q F T: 347.62

Exterior Features

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

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 5

Utilities

  • Electric Expense: 1600.00

Fee Information

  • Insurance Expense: 1200.00
  • Maintenance Expense: 2000.00
  • Trash Expense: 300.00

Lot Info

  • Assessed Improvement Value: 419685
  • Assessed Land Value: 358754
  • Assessor Parcel Number: 5425-017-023
  • Geocode Override: No
  • Lot Size Area: 4795

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 16.72
  • Number Of Units: 3
  • Rent Control: 66
  • Total Annual Expense: 24420
  • Type Of Units: 1bd+1ba
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 18750.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2023
Sold by
Westerly 1624 Llc
Bought by
Westerly 1624 Llc and Mellinkoff
Current Estimated Value
$2,164,219

Purchase Details

Listed on
Nov 24, 2014
Closed on
Nov 9, 2015
Sold by
Nuaimi Susan J and Nauimi Jamil A
Bought by
Westerly 1624 Llc
Seller's Agent
Sagiv Rosano
Rosano Partners
Buyer's Agent
Sagiv Rosano
Rosano Partners
List Price
$1,500,000
Sold Price
$1,450,000
Premium/Discount to List
-$50,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.55%
Original Mortgage
$1,000,000
Interest Rate
3.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2013
Sold by
Nuaimi Jamil A and Revocabl Susan
Bought by
Nuaimi Susan J

Purchase Details

Closed on
Apr 7, 2008
Sold by
Nuaimi David and David Nuaimi Family Trust
Bought by
Nuaimi Jamil A and Nuaimi Susan J

Purchase Details

Closed on
Jul 27, 2006
Sold by
Cymbalisty Eugene Shawn
Bought by
Nuaimi David and David Nuaimi Family Trust

Purchase Details

Closed on
Dec 21, 2005
Sold by
Nuaimi David
Bought by
Nuaimi David and David Nuaimi Family Trust

Purchase Details

Closed on
Mar 26, 2004
Sold by
Lapointe Josyella Cynthia
Bought by
Cymbalisty Eugene Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
4.22%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 18, 2004
Sold by
Nuaimi David N
Bought by
Shawn Nuaimi David and Shawn Cymdalisty Eugene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
4.22%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 26, 2001
Sold by
Proper Nuaimi David N and Proper David N Nuaimi Separate
Bought by
Nuaimi David N and Nielsen James B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,500
Interest Rate
7.37%

Purchase Details

Closed on
Nov 24, 1999
Sold by
Nuaimi David
Bought by
Proper Nuaimi David N and Proper David N Nuaimi Separate

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.77%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 23, 1998
Sold by
Pettibone Richard W and Pettibone Gladys M
Bought by
Nuaimi David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
6.88%
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
Westerly 1624 Llc -- None Listed On Document
Westerly 1624 Llc $1,450,000 Chicago Title Company
Nuaimi Susan J -- None Available
Nuaimi Jamil A $65,000 Provident Title Company
Nuaimi David $110,000 Fidelity National Title Co
Nuaimi David -- --
Cymbalisty Eugene Shawn -- Chicago Title Co
Shawn Nuaimi David -- Chicago Title Co
Nuaimi David N -- --
Nuaimi David N -- Investors Title Company
Proper Nuaimi David N -- --
Nuaimi David $485,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Westerly 1624 Llc $0
Previous Owner Westerly 1624 Llc $1,000,000
Previous Owner Nuaimi David N $300,000
Previous Owner Nuaimi David N $735,000
Previous Owner Nuaimi David N $100,000
Previous Owner Nuaimi David N $468,000
Previous Owner Nuaimi David N $460,500
Previous Owner Nuaimi David $70,000
Previous Owner Nuaimi David $385,000
Closed Nuaimi David $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2015 11/09/15 Sold $1,450,000 -3.3% $336 / Sq Ft
04/10/2015 04/10/15 Pending -- -- --
11/24/2014 11/24/14 For Sale $1,500,000 -- $348 / 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 $20,683 $2,021,049 $1,210,300 $810,749
2024 $20,683 $1,682,846 $673,138 $1,009,708
2023 $20,282 $1,649,850 $659,940 $989,910
2022 $19,337 $1,617,500 $647,000 $970,500
2021 $19,089 $1,585,785 $634,314 $951,471
2020 $19,283 $1,569,765 $627,810 $941,955
2019 $18,516 $1,538,990 $615,500 $923,490
2018 $18,414 $1,508,820 $603,432 $905,388
2016 $17,584 $1,450,000 $580,000 $870,000
2015 $9,767 $793,991 $365,921 $428,070
2014 $9,811 $778,439 $358,754 $419,685
Source: Public Records

Agents Affiliated with this Home

  • Sagiv Rosano

    Seller's Agent in 2015

    Sagiv Rosano

    Rosano Partners

    (213) 802-0262

    8 Total Sales

    Sagiv Rosano
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Map

Source: The MLS

MLS Number: 14-812615

The MLS

APN: 5425-017-023

California Los Angeles County Los Angeles 90026

1624 Westerly Terrace, Los Angeles, CA

This home is located at 1624 Westerly Terrace, Los Angeles, CA 90026 since 24 November 2014 and is currently estimated at $2,164,219, approximately $501 per square foot. This property was built in 1989. 1624 Westerly Terrace is a home located in Los Angeles County with nearby schools including Micheltorena Street Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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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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