$1,250,000
SOLD JUN 22, 2017
8 Beds
4 Baths
4,493 Sq Ft
5,658 Sq Ft Lot

Recently Sold

$278 Per Sq Ft

17% Below List Price

195 Days on Market

About This Home

As of June 2017

EXCELLENT INVESTOR OPPORTUNITY! Four 2 bedroom, 1 bath units in the heart of Hollywood on a prime corner. Unrestored, but with vintage period appointments, this gem is waiting to be polished and brought back to its original glory. Large lot and prime location, surrounded by magnificent homes.

Last Agent to Sell the Property

Ruben Martinez

Fiduciary Real Estate Services License #01027549 Listed on: 10/27/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,831

Year Built

  • Built in 1921

Lot Details

  • 5,658 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 3 Car Garage

Home Design

  • 4,493 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Community Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1
  • Insurance Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • New Taxes Expense $1
  • Operating Expense $6
  • Gross Income $3,200
  • Net Operating Income $3,199

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 190401
  • Assessor Parcel Number 5544012023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,831

Year Built

Built in 1921

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 5544012023
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 278.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5658.00

Multi Family

  • Electric Expense: 1.00
  • Gross Income: 3200.00
  • Gross Scheduled Income: 3200.00
  • Insurance Expense: 1.00
  • Net Operating Income: 3199.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Operating Expense: 1.00
  • Rent Control: No
  • Total Expenses: 6.00

Tax Info

  • New Taxes Expense: 1.00
  • Tax Census Tract: 1904.01
  • Tax Lot: 2
  • Tax Tract Number: 190401

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2016
Closed on
May 19, 2017
Sold by
Hitchman Bruce
Bought by
Marabyan Akop and Marabyan Ani
Seller's Agent
Ruben Martinez
Fiduciary Real Estate Services
List Price
$1,498,000
Sold Price
$1,250,000
Premium/Discount to List
-$248,000
-16.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.81%
Original Mortgage
$937,500
Outstanding Balance
$782,307
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$2,127,026

Purchase Details

Closed on
Feb 11, 2017
Sold by
Nannette E Flynn Trust
Bought by
Hitchman Bruce and Hitchman Lee Ann

Purchase Details

Closed on
Apr 8, 1999
Sold by
Eiland Trust and Nannette E
Bought by
Flynn Nannette E and Nannette E Flynn 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 Type Sale Price Title Company
Grant Deed $1,250,000 Fidelity National Title
Warranty Deed -- None Available
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $937,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2025 05/24/25 For Sale $2,999,950 +140.0% $668 / Sq Ft
06/22/2017 06/22/17 Sold $1,250,000 -10.6% $278 / Sq Ft
01/28/2017 01/28/17 Price Changed $1,398,000 -6.7% $311 / Sq Ft
10/27/2016 10/27/16 For Sale $1,498,000 -- $333 / 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 $17,831 $1,450,726 $1,102,553 $348,173
2024 $17,831 $1,422,282 $1,080,935 $341,347
2023 $17,492 $1,394,395 $1,059,741 $334,654
2022 $16,692 $1,367,055 $1,038,962 $328,093
2021 $16,476 $1,340,251 $1,018,591 $321,660
2019 $15,991 $1,300,500 $988,380 $312,120
2018 $15,852 $1,275,000 $969,000 $306,000
2016 $1,468 $78,653 $40,568 $38,085
2015 $1,455 $77,472 $39,959 $37,513
2014 $1,487 $75,956 $39,177 $36,779
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16735981

California Regional Multiple Listing Service (CRMLS)

APN: 5544-012-023