NOT LISTED FOR SALE

Estimated Value: $1,944,000 - $2,440,000

7 Beds
3 Baths
3,969 Sq Ft
$552/Sq Ft Est. Value

Last Sold May 20, 2016

Last sale price $1,000,000 $252 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $14,490/month

29 Days on Market

About This Home

As of May 2016

This trust sale triplex is a terrific opportunity to Develop, Renovate, or Restore. Hidden behind a veil of red bougainvillea, this "Grand Old Dame" of Hollywood oozes original detail from yesteryear. Original vintage features include hw flrs, arched doorways, large frnt porch, original kitchen cabinetry and built-ins, separate laundry rms in each unit, parking for 4 cars. This is a fixer, but has the bones to be brought back to its' original splendor. Triplex with 3+1, 2+1, and 2+1 has total 3969 Interior SF, and 7999 SF lot. R4 zoning is not located in an HPOZ, and has the possibility to build up to 13 units. Property info is as per tax information. Buyer to verify all info regarding size, permits, zoning, and buildability. Only upper 3+1 unit may be viewed with appt after 10/15/15. Lower level 2+1 units can be viewed with an accepted offer. Prop subj to LA rent control guidelines. No court confirmation required.TENANT OCCUPIED, SHOWN BY APPT. ONLY. PLEASE DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Grace Gaerlan

Compass License #01012848 Listed on: 10/07/2015

Compass

Last Buyer's Agent

Claudia Hipolito

Coldwell Banker Realty License #01138517

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,425

Year Built

  • Built in 1922

Lot Details

  • 8,000

Home Design

  • Triplex

Interior Spaces

  • 3,969 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Parking

  • 4 Car Garage
  • Driveway
  • Uncovered Parking

Additional Features

  • 8,000 Sq Ft Lot
  • Floor Furnace

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5575-005-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,425

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3969
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 36
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 276.90

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway - Concrete, Garage - 4+ Car, Uncovered
  • Total Parking: 4

Utilities

  • Heating: Floor Furnace

Lot Info

  • Assessed Improvement Value: 376000
  • Assessed Land Value: 870000
  • Assessor Parcel Number: 5575-005-007
  • Geocode Override: No
  • Lot Size Area: 8000

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Triplex
  • Vacancy Rate: 30 %

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2021
Sold by
Bdog Inc
Bought by
1920 Whitley Llc
Current Estimated Value
$2,192,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,600,000
Outstanding Balance
$7,896,711
Interest Rate
3.14%
Mortgage Type
Construction
Estimated Equity
-$5,704,711

Purchase Details

Closed on
Dec 16, 2015
Sold by
Fleming Charles Lewis
Bought by
Bdog Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2006
Sold by
Langguth Arthur John
Bought by
Langguth Arthur John and The Arthur John Langguth Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
1920 Whitley Llc -- Stewart Title Of California In
Bdog Inc $1,000,000 Equity Title Los Angeles
Langguth Arthur John -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1920 Whitley Llc $8,600,000
Previous Owner Bdog Inc $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2016 05/20/16 Sold $1,000,000 -9.0% $252 / Sq Ft
11/05/2015 11/05/15 Pending -- -- --
10/07/2015 10/07/15 For Sale $1,099,000 -- $277 / 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 $34,425 $3,280,274 $710,274 $2,570,000
2024 $34,425 $2,837,348 $696,348 $2,141,000
2023 $13,279 $1,074,695 $682,695 $392,000
2022 $13,710 $1,115,515 $669,309 $446,206
2021 $13,528 $1,093,643 $656,186 $437,457
2019 $13,065 $1,061,207 $636,724 $424,483
2018 $12,893 $1,040,400 $624,240 $416,160
2016 $15,432 $1,265,001 $883,267 $381,734
2015 $15,207 $1,246,000 $870,000 $376,000
2014 $2,989 $221,041 $86,488 $134,553
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-948461

The MLS

APN: 5575-005-007