NOT LISTED FOR SALE

Estimated Value: $1,004,000 - $1,193,217

5 Beds
6 Baths
10,330 Sq Ft
$108/Sq Ft Est. Value

Last Sold July 12, 2018

Last sale price $3,095,000 $300 Per Sq Ft

Current estimated payment $7,142/month

76 Days on Market

Highlights

  • No Units Above
  • Wood Flooring
  • Double Pane Windows
  • Gated Parking
  • No HOA
  • Side by Side Parking

About This Home

As of July 2018

3 Newly remodeled townhome units. All 3 units in rear adjacent to one another. Prime Hollywood Hills foothill location. Steps from entrance to Runyon Canyon, Hollywood Walk of Fame, World Class Entertainment, Restaurants plus more! 4.7% Performa CAP RATE! All spacious units, with new cabinets, flooring, CeasarStone Countertops, Viking ranges. Each unit with 2 car side by side parking. Purchase wholesale units, rent as investments, option to sell units individually as a future exit strategy. Perfect 1031 exchange opportunity.

Last Agent to Sell the Property

Simon Asef, CCIM

D.M.C. Real Estate Co. License #01726727 Listed on: 03/06/2018

Last Buyer's Agent

Kenji Yoshioka

Starts Pacific, Inc. License #01293387

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,186

Year Built

  • Built in 1964

Lot Details

  • 9,191 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Density is 6-10 Units/Acre
  • 5572029058,5572029059,5572029060,5572029061,5572029062,5572029063

Parking

  • 14 Car Garage
  • Parking Available
  • Side by Side Parking
  • Gated Parking
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 10,330 Sq Ft Home
  • Double Pane Windows

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Central Water Heater

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 68913
  • Assessor Parcel Number 5572029063

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Foothills
  • Mountainous Community

Building Details

  • 3 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $3,696
  • Insurance Expense $4,682
  • Pest Control $550
  • Professional Management Expense $3,000
  • Trash Expense $2,194
  • Water Sewer Expense $5,792
  • New Taxes Expense $77,375
  • Operating Expense $106,899
  • Gross Income $390,000
  • Net Operating Income $263,601

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,186

Year Built

Built in 1964

Lot Details

0

Parking

14

Listing Details

  • CapRate: 4.26
  • Professional Management Expense: 3000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5792.00
  • Property Type: Residential Income
  • Gardener Expense: 3696.00
  • Parcel Number: 5572029063
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 604.07
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Parking: Yes
  • Parking Features: Assigned, Gated, Side by Side
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater Central
  • Heating Type: Central
  • Laundry Features: Gas & Electric Dryer Hookup
  • Pest Control Expense: 550.00
  • Sewer: Public Sewer
  • Trash Expense: 2194.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Mountainous, Sidewalks, Urban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 5572029058,5572029059,5572029060,5572029061,5572029062,5572029063
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 9191.00

Multi Family

  • Gross Income: 390000.00
  • Gross Multiplier: 15.87
  • Gross Operating Income: 370500.00
  • Gross Scheduled Income: 390000.00
  • Insurance Expense: 4682.00
  • Net Operating Income: 263601.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 6
  • Number With Dishwasher: 6
  • Number With Disposal: 6
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 106899.00
  • Rent Control: Yes
  • Total Expenses: 106899.00
  • Vacancy Allowance: 19500
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 77375.00
  • Tax Lot: 1
  • Tax Tract Number: 68913

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2024
Sold by
Chishima Real Estate Co Ltd
Bought by
Spk Enterprises Llc
Current Estimated Value
$1,123,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,630,000
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 6, 2018
Closed on
Jul 3, 2018
Sold by
1823 N Fuller Avenue Ii Llc
Bought by
Chishima Real Estate Co Ltd
Seller's Agent
Simon Asef, CCIM
D.M.C. Real Estate Co.
Buyer's Agent
Kenji Yoshioka
Starts Pacific, Inc.
List Price
$6,190,000
Sold Price
$6,240,000
Premium/Discount to List
$50,000
0.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-21.42%
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
Spk Enterprises Llc $1,200,000 None Listed On Document
Chishima Real Estate Co Ltd $3,095,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spk Enterprises Llc $2,630,000
Previous Owner 1823 N Fuller Ave Ii Llc $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2018 07/12/18 Sold $3,095,000 -50.4% $579 / Sq Ft
07/12/2018 07/12/18 Sold $6,240,000 +0.8% $604 / Sq Ft
05/21/2018 05/21/18 Pending -- -- --
05/21/2018 05/21/18 Pending -- -- --
03/06/2018 03/06/18 For Sale $6,190,000 +100.0% $599 / Sq Ft
02/02/2018 02/02/18 For Sale $3,095,000 -- $579 / 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 $14,186 $1,200,000 $660,000 $540,000
2024 $14,186 $1,153,792 $809,296 $344,496
2023 $13,915 $1,131,170 $793,428 $337,742
2022 $13,296 $1,108,991 $777,871 $331,120
2021 $13,130 $1,087,247 $762,619 $324,628
2019 $13,725 $1,055,000 $740,000 $315,000
2018 $3,465 $268,551 $185,719 $82,832
2016 $3,254 $258,124 $178,508 $79,616
2015 $3,208 $254,248 $175,827 $78,421
2014 $3,226 $249,268 $172,383 $76,885
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18052252

California Regional Multiple Listing Service (CRMLS)

APN: 5572-029-063