NOT LISTED FOR SALE

Estimated Value: $1,605,000

3 Beds
4 Baths
3,208 Sq Ft
$500/Sq Ft Est. Value

Last Sold April 22, 2016

Last sale price $1,336,000 $416 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $10,234/month

18 Days on Market

Highlights

  • Canyon View
  • Living Room with Fireplace
  • 5 Car Attached Garage
  • Franklin Avenue Elementary Rated A-
  • Wood Flooring
  • Forced Air Heating and Cooling System

About This Home

As of April 2016

Fantastic blend of residential (2 units) & commercial (2- units) on a corner lot zoned LAC1. The detached commercial storefronts/studios shelter the residential duplex from Hyperion Avenue. Great potential for owner occupancy or investment in a very strong rental market bordering Los Feliz and Silver Lake in Franklin Hills. Commercial space is currently being used by one tenant and is over 1,000 square feet. Upper unit has a lot of charm with hillside views, 11' barrel ceilings, grand wood burning fireplace, inlaid hardwood floors, arched windows, impressive front entry, and private backyard with off street parking on Udell Court. Two one car garages on site. Located in a highly walkable retail corridor, across the street from Casita del Campo restaurant and next to the new Nana Coffee Shop. It is also a short walk to Sunset Junction. The location also places you in the highly-rated Franklin Avenue Elementary School zone. Property will require a commercial loan. Check out video link.

Last Agent to Sell the Property

Darren Hubert

Real Broker License #01330183 Listed on: 02/18/2016

Real Broker

Last Buyer's Agent

Joe Cloninger

Real Broker License #01954784

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,559 Sq Ft Lot

Home Design

  • Rolled or Hot Mop Roof
  • Asphalt Roof

Interior Spaces

  • 3,208 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Canyon Views

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 5 Car Attached Garage
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Sewer in Street

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 5430-013-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: Fantastic blend of residential (2 units) & commercial (2- units) on a corner lot zoned LAC1. The detached commercial storefronts/studios shelter the residential duplex from Hyperion Avenue. Great potential for owner occupancy or investment in a very strong rental market bordering Los Feliz and Silver Lake in Franklin Hills. Commercial space is currently being used by one tenant and is over 1,000 square feet. Upper unit has a lot of charm with hillside views, 11' barrel ceilings, grand wood burning fireplace, inlaid hardwood floors, arched windows, impressive front entry, and private backyard with off street parking on Udell Court. Two one car garages on site. Located in a highly walkable retail corridor, across the street from Casita del Campo restaurant and next to the new Nana Coffee Shop. It is also a short walk to Sunset Junction. The location also places you in the highly-rated Franklin Avenue Elementary School zone. Potential for up to 8 unit development - buyer to verify. Property will require a commercial loan.
  • Living Area: 3208
  • Stories: 2
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Ceramic Tile, Hardwood
  • Bedrooms: 3
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 419.26

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Asphalt, Rolled/Hot Mop
  • View: Canyon
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Attached
  • Total Parking: 5

Utilities

  • Cooling: Central
  • Heating: Forced Air
  • Sewer: In Street Paid

Lot Info

  • Assessed Improvement Value: 330461
  • Assessed Land Value: 533001
  • Assessor Parcel Number: 5430-013-021
  • Geocode Override: No
  • Lot Size Area: 6559

Rental Info

  • Owner Pays: Gardener, Water

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.58
  • Number Of Units: 4
  • Rent Control: 50
  • Type Of Units: mixed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2016
Closed on
Mar 9, 2016
Sold by
Hajek Christopher J and Forneret Erica M
Bought by
Mkhillside Llc
Seller's Agent
Darren Hubert
Real Broker
Buyer's Agent
Joe Cloninger
Real Broker
List Price
$1,345,000
Sold Price
$1,336,000
Premium/Discount to List
-$9,000
-0.67%
Current Estimated Value
$1,605,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,000
Original Mortgage
$668,000
Outstanding Balance
$526,885
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 2014
Sold by
Hajek Christopher J and Forneret Erica M
Bought by
Hajek Christopher J and Forneret Erica M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
4.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 4, 2011
Sold by
Hatch Peter and Calixto Francisca Martinez
Bought by
Forneret Erica M and Hajek Christopher J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 29, 2009
Sold by
Chavez Jose A
Bought by
Hatch Peter and Calixto Francisca Martnez

Purchase Details

Closed on
Apr 3, 2007
Sold by
Hatch Peter and Calixto Francisca Martinez
Bought by
Chavez Jose A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.74%
Mortgage Type
Commercial
Source: Public Records
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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
Mkhillside Llc $1,336,000 Fidelity Sherman Oaks
Hajek Christopher J -- Chicago Title
Forneret Erica M $815,000 Usa National Title Company
Hatch Peter $104,026 Chicago Title Company
Chavez Jose A $1,175,000 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mkhillside Llc $668,000
Previous Owner Hajek Christopher J $480,000
Previous Owner Forneret Erica M $400,000
Previous Owner Chavez Jose A $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2016 04/22/16 Sold $1,336,000 -0.7% $416 / Sq Ft
03/07/2016 03/07/16 Pending -- -- --
02/18/2016 02/18/16 For Sale $1,345,000 -- $419 / Sq Ft
Source: The MLS

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 $20,597 $1,700,900 $1,183,794 $517,106
2024 $20,597 $1,667,550 $1,160,583 $506,967
2023 $20,200 $1,634,854 $1,137,827 $497,027
2022 $19,265 $1,602,799 $1,115,517 $487,282
2021 $19,025 $1,571,373 $1,093,645 $477,728
2019 $18,458 $1,524,767 $1,061,208 $463,559
2018 $16,983 $1,379,570 $1,040,400 $339,170
2016 $10,879 $876,629 $541,129 $335,500
2015 $10,723 $863,462 $533,001 $330,461
2014 $10,760 $846,549 $522,561 $323,988
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-983175

The MLS

APN: 5430-013-021