NOT LISTED FOR SALE

1824 Webster Ave Los Angeles, CA 90026

Estimated Value: $2,134,000 - $2,566,294

5 Beds
5 Baths
3,668 Sq Ft
$636/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $1,900,000 $518 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $14,447/month

14 Days on Market

Highlights

  • Panoramic View
  • Fireplace in Primary Bedroom
  • Two Story Ceilings
  • John Marshall Senior High Rated A
  • Contemporary Architecture
  • 5-minute walk to Silver Lake Dog Park

About This Home

As of October 2021

Dream duplex at summit of Moreno Highlands in Silver Lake. 3668 sq ft per Public Records. Measured by floor plan vendor at 4,225 sq feet not including garages (buyer to verify). Tri-level property with breathtaking 270-degree views spanning entire Silver Lake Reservoir to DTLA. 2x story 3br/3ba owners unit on top (2745 sq ft) and 1x story 2br/2ba unit below (1480 sq ft). Owners unit (top) benefits include lots of natural light, 1x bedroom and oversized laundry room downstairs, 2x master suites upstairs and a rooftop balcony. Large kitchen begs to be opened up to formal dining area. Both units have decks that span width of property and offer terrific city lights views at night. Each unit has its own 2x car garage and separate dedicated storage room. Property will be delivered _**VACANT AT CLOSE OF ESCROW**_ CofO = 4/9/1979 (just after cutoff for LA RSO/Rent Control laws-buyer to verify). Lower yard area on sloping hill. Grade not extreme and could possibly be terraced to add useable exterior living space. Property has deferred maintenance (General/Termite/Structural Inspections available upon request). Most buyers will appreciate preserved state. Many original period features remain. Walking distance to Silver Lake Reservoir (Grassy Patch & Dog Park sections), Lamill Coffee, L&E Oyster, Botanica and much more. Moreno Highlands multi-family properties rarely trade. Single Family homes of this size sold for ~$500-1200/sq ft over past year in this neighborhood. This property is priced @ $449/sq ft Choice location with premium owner's unit. Once in a lifetime opportunity.

Last Agent to Sell the Property

Mischa Nicolas

IET Real Estate License #01458128 Listed on: 08/31/2021

Last Buyer's Agent

Anita Lim

Maxim Real Estate Group Inc. License #02141519

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,103

Year Built

  • Built in 1978

Lot Details

  • 5,625 Sq Ft Lot
  • East Facing Home
  • Backyard Sprinklers
  • Manual Sprinklers System
  • Hillside Location

Parking

  • 4 Car Attached Garage
  • Side by Side Parking

Property Views

  • Panoramic
  • City Lights
  • Reservoir
  • Hills

Home Design

  • Duplex
  • Contemporary Architecture
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Major Repairs Completed
  • Fixer Upper
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3,668 Sq Ft Home
  • 4-Story Property
  • Two Story Ceilings
  • Recessed Lighting
  • Formal Entry
  • Family Room with Fireplace
  • Living Room with Attached Deck
  • Living Room Balcony
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5431-031-024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,103

Year Built

Built in 1978

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: Three Or More
  • Street Number Display: Yes
  • ADA Compliant: No
  • Building Permit: Yes
  • Entry Floor: 1
  • Entry Location: Ground Level w/steps
  • Living Area: 3668
  • Lot Acreage: 0.1291
  • Probate: No
  • Property Condition: Fixer, Repairs Major, Repair Cosmetic
  • Stories: 4
  • Year Built: 1978
  • Number Of Photos: 52
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: High Ceilings (9 Feet+), Living Room Balcony, Living Room Deck Attached, Recessed Lighting, Two Story Ceilings
  • Fireplace Rooms: Master Bedroom, Family Room
  • Flooring: Carpet, Mixed, Hardwood
  • Bedrooms: 5
  • Common Walls: Attached
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Gas Dryer Hookup, Dishwasher
  • Price Per S Q F T: 517.72

Exterior Features

  • Direction Faces: East
  • Construction: Wood Siding
  • Other Structures: None
  • Tennis Court Y/N: No
  • Patio: Deck(s)
  • Pool: No
  • Roof: Shingle
  • Spa Yn: No
  • View: City, City Lights, Panoramic, Reservoir, Hills
  • View: Yes

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking: 4
  • Garage Structures: 2
  • Parking Garage: Garage - 2 Car, Garage Is Attached, Side By Side
  • Total Parking: 4

Utilities

  • Water District: LA DWP
  • Water Heater: Gas
  • Electric Expense: 2400.00
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer: In Street
  • Water: Public
  • Water Expense: 2400.00
  • Water Heaters: Yes

Fee Information

  • Gas Expense: 600.00
  • Insurance Expense: 3000.00
  • Trash Expense: 1200.00

Schools

  • School District: Los Angeles Unified

Lot Info

  • Sprinklers: Rear, Manual
  • Additions Alterations: No
  • Assessed Improvement Percent: 35.64
  • Assessed Improvement Value: 403519
  • Assessed Land Percent: 64.36
  • Assessed Land Value: 728579
  • Total Assessed Value: 1132098
  • Assessor Parcel Number: 5431-031-024
  • Lot Description: Yard
  • Lot Location: Hillside
  • Lot Size Area: 5625

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.00
  • Number Of Units: 2
  • Total Annual Expense: 33300
  • Type Of Units: Duplex
  • Vacancy Allow Percent: 5.00
  • Vacancy Rate: 0

Tax Info

  • Private Transfer Taxes: No
  • Tax Expense: 22500.00
  • Tax New: 22500.00

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2021
Closed on
Sep 21, 2021
Sold by
Olsen Audrey and The Walker Olsen Living Trust
Bought by
Lim Harold H
Seller's Agent
Mischa Nicolas
IET Real Estate
Buyer's Agent
Anita Lim
Maxim Real Estate Group Inc.
List Price
$1,899,000
Sold Price
$1,900,000
Premium/Discount to List
$1,000
0.05%
Current Estimated Value
$2,334,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$434,431
Avg. Annual Appreciation
1.93%
Original Mortgage
$1,520,000
Outstanding Balance
$1,389,103
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$658,387

Purchase Details

Closed on
May 22, 2020
Sold by
Walker Jacob and Olsen Audrey
Bought by
Walker Jacob and Olsen Audrey

Purchase Details

Listed on
Mar 21, 2013
Closed on
Jun 14, 2013
Sold by
Berry Richard
Bought by
Walker Jacob M and Olsen Audrey A
Seller's Agent
Reuben Pacheco
Compass
Buyer's Agent
Brock Harris
Keller Williams Realty Los Feliz
List Price
$1,149,000
Sold Price
$1,010,000
Premium/Discount to List
-$139,000
-12.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%
Original Mortgage
$757,500
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 1998
Sold by
Curtis Barry H Trust
Bought by
Berry Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,500
Interest Rate
6.86%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 24, 1996
Sold by
Curtis Barry Howard
Bought by
Curtis Barry Howard and Barry Howard Curtis Trust
Source: Public Records

Range of Values:

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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
Lim Harold H $1,900,000 Wfg National Title Company
Walker Jacob -- Usa National Title Co
Walker Jacob M $1,010,000 Lawyers Title Company
Berry Richard $470,000 Equity Title
Curtis Barry Howard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lim Harold H $1,520,000
Previous Owner Walker Jacob Mathew $750,000
Previous Owner Walker Jacob M $928,000
Previous Owner Walker Jacob M $180,000
Previous Owner Walker Jacob M $937,500
Previous Owner Walker Jacob M $224,785
Previous Owner Walker Jacob M $757,500
Previous Owner Berry Richard $250,000
Previous Owner Berry Richard $381,000
Previous Owner Berry Richard $0
Previous Owner Berry Richard $23,500
Previous Owner Berry Richard $376,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2021 10/12/21 Sold $1,900,000 +0.1% $518 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
08/31/2021 08/31/21 For Sale $1,899,000 +88.0% $518 / Sq Ft
07/19/2013 07/19/13 Sold $1,010,000 -12.1% $275 / Sq Ft
06/25/2013 06/25/13 Pending -- -- --
03/21/2013 03/21/13 For Sale $1,149,000 -- $313 / 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 $24,103 $2,016,294 $1,411,406 $604,888
2024 $24,103 $1,976,760 $1,383,732 $593,028
2023 $23,632 $1,938,000 $1,356,600 $581,400
2022 $22,525 $1,900,000 $1,330,000 $570,000
2021 $13,794 $1,143,826 $736,127 $407,699
2020 $13,933 $1,132,098 $728,579 $403,519
2019 $13,380 $1,109,901 $714,294 $395,607
2018 $13,315 $1,088,139 $700,289 $387,850
2016 $12,707 $1,045,888 $673,097 $372,791
2015 $12,522 $1,030,179 $662,987 $367,192
2014 $12,566 $1,010,000 $650,000 $360,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-772530

The MLS

APN: 5431-031-024