NOT LISTED FOR SALE

Estimated Value: $963,000 - $1,198,000

4 Beds
2 Baths
1,642 Sq Ft
$657/Sq Ft Est. Value

Last Sold April 26, 2021

Last sale price $825,000 $502 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,615/month

20 Days on Market

Highlights

  • Wood Flooring
  • Views
  • Laundry Room
  • Limestone Countertops
  • Security System Owned
  • Bungalow

About This Home

As of April 2021

Two vacant units in desirable Silver Lake/Filipino town. Great investment property. Totally designer done for todays life style and comfort. Two bedroom one bath each. Gorgeous redone units with SS appliances, center island, high ceilings and an abundance of natural light. These side by side units are turn-key. Property sits above street with lots of privacy. Central heat & air with Lennox furnaces, high-end finishes, new roof, all new dual pane windows. All separated meters and washer/dryer hook-ups. Ideal location near Echo Park, Korea Town, Downtown and Silver Lake. Well cared property for the most discriminating buyer/investor.

Last Agent to Sell the Property

Nick Mercado

Sotheby's International Realty License #01348465 Listed on: 02/08/2021

Last Buyer's Agent

Sebastian Stofenmacher

License #01328684

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,769

Year Built

  • Built in 1924

Lot Details

  • 3,370 Sq Ft Lot

Home Design

  • Duplex
  • Bungalow
  • Turnkey
  • Common Roof

Interior Spaces

  • 1,642 Sq Ft Home
  • 1-Story Property
  • Security System Owned
  • Property Views
  • Basement

Kitchen

  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Kitchen Island
  • Limestone Countertops
  • Disposal

Flooring

  • Wood
  • Wood Under Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Remodeled Bathroom
  • 2 Bathrooms
  • Shower Only

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Cooling System Powered By Gas
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 5153-002-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,769

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1642
  • Lot Acreage: 0.0774
  • Probate: No
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 28
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Basement, Turnkey
  • Number Dishwasher: 2
  • Number Disposal: 2
  • Number Range: 2
  • Number Refrigerator: 2
  • Flooring: Ceramic Tile, Hardwood, Laminate, Wood Under Carpet
  • Appliances: Built-In Gas, Cooktop - Gas, Gas, Range Hood
  • Bedrooms: 4
  • Bathroom Features: Shower Stall, Remodeled
  • Kitchen Features: Counter Top, Island, Limestone Counters, Remodeled
  • Laundry: Laundry Area
  • Total Bathrooms: 2.00
  • Equipment: Alarm System, Dishwasher, Garbage Disposal, Gas Dryer Hookup, Hood Fan
  • Price Per S Q F T: 517.05

Exterior Features

  • Other Structures: None
  • Pool: No
  • Roof: Common Roof
  • Spa Yn: No
  • View: Walk Street
  • View: Yes

Utilities

  • Water Heater: Gas
  • Cooling: Air Conditioning, Central, Gas
  • Heating: Central, Natural Gas
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Water Meters: 2
  • Security: Owned
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 9.43
  • Assessed Improvement Value: 14303
  • Assessed Land Percent: 90.57
  • Assessed Land Value: 137406
  • Total Assessed Value: 151709
  • Assessor Parcel Number: 5153-002-012
  • Lot Size Area: 3370

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Number Wall A C: 2
  • Total Annual Expense: 10200
  • Type Of Units: Duplex
  • Vacancy Rate: 100%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2021
Closed on
Apr 15, 2021
Sold by
Kohanoff Sharona
Bought by
Javaherian Omid M
Seller's Agent
Nick Mercado
Sotheby's International Realty
Buyer's Agent
Sebastian Stofenmacher
List Price
$849,000
Sold Price
$825,000
Premium/Discount to List
-$24,000
-2.83%
Current Estimated Value
$1,078,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,547
Avg. Annual Appreciation
6.18%
Original Mortgage
$495,000
Outstanding Balance
$456,063
Interest Rate
4.37%
Mortgage Type
New Conventional
Estimated Equity
$622,484

Purchase Details

Listed on
Feb 8, 2021
Closed on
Apr 7, 2021
Sold by
Quach Uyen Chi Thuy
Bought by
Javaherian Omid M
Seller's Agent
Nick Mercado
Sotheby's International Realty
Buyer's Agent
Sebastian Stofenmacher
List Price
$849,000
Sold Price
$825,000
Premium/Discount to List
-$24,000
-2.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Outstanding Balance
$456,063
Interest Rate
4.37%
Mortgage Type
New Conventional
Estimated Equity
$622,484

Purchase Details

Closed on
Jul 31, 2020
Sold by
Pm Investment Groups Inc
Bought by
Quach Uyen Chi Thuy

Purchase Details

Closed on
Jul 29, 2020
Sold by
Pham Huythai
Bought by
Quach Uyen Chi Thuy

Purchase Details

Closed on
Apr 7, 2020
Sold by
Lu Jennie P and Chung Johnson T
Bought by
Pm Investment Groups Inc

Purchase Details

Closed on
Mar 13, 2019
Sold by
Cortez Luis
Bought by
Stockpile Property Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2019
Sold by
Stockpile Property Ventures Llc
Bought by
Lu Jennie P and Chung Johnson T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2006
Sold by
Cortez Rosario
Bought by
Cortez Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.41%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 13, 1995
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Cortez Luis and Cortez Rosario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,266
Interest Rate
7.18%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 10, 1995
Sold by
Anzueto Remberto I and Anzueto Celia
Bought by
Federal Home Loan Mortgage Corporation
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
Javaherian Omid M -- Equity Title
Javaherian Omid M $825,000 Equity Title
Quach Uyen Chi Thuy $785,000 First American Title Company
Quach Uyen Chi Thuy -- First American Title Company
Pm Investment Groups Inc -- Accommodation
Stockpile Property Ventures Llc $480,000 Progressive Title Company
Lu Jennie P $532,000 Lawyers Title Insurance Co
Cortez Luis -- Gateway Title Company Orange
Cortez Luis $105,909 First American Title Co
Federal Home Loan Mortgage Corporation $110,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Javaherian Omid M $495,000
Previous Owner Lu Jennie P $452,000
Previous Owner Cortez Luis $272,000
Previous Owner Cortez Luis $105,266
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2021 04/26/21 Sold $825,000 -2.8% $502 / Sq Ft
02/28/2021 02/28/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $849,000 -- $517 / 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 $10,769 $893,004 $758,784 $134,220
2024 $10,769 $875,495 $743,906 $131,589
2023 $10,565 $858,329 $729,320 $129,009
2022 $10,077 $841,500 $715,020 $126,480
2021 $9,479 $785,000 $470,000 $315,000
2020 $6,763 $542,640 $434,520 $108,120
2019 $4,475 $157,837 $142,957 $14,880
2018 $2,051 $154,743 $140,154 $14,589
2016 $1,948 $148,735 $134,712 $14,023
2015 $1,922 $146,502 $132,689 $13,813
2014 $1,943 $143,633 $130,090 $13,543
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-691064

The MLS

APN: 5153-002-012