NOT LISTED FOR SALE

Estimated Value: $1,296,000 - $1,755,000

2 Beds
2 Baths
1,748 Sq Ft
$857/Sq Ft Est. Value

Last Sold January 15, 2021

Last sale price $1,150,000 $658 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $9,191/month

94 Days on Market

Highlights

  • Deck
  • Living Room with Fireplace
  • Spanish Architecture
  • Franklin Avenue Elementary Rated A-
  • Wood Flooring
  • Covered Patio or Porch

About This Home

As of January 2021

Don't just buy any old duplex, buy a terrific trifecta unmatched location, abundant lot sq. ft, and the perfect price! Lovingly detailed & thoughtfully appointed, this romantic "arts & crafts" side-by-side Spanish Duplex offers a plethora of possibilities. Gleaming wood floors, coved ceilings, dreamy archways, & imported tiles add unrivaled character, while a newer sewer line, copper plumbing, & dual-paned windows are comforting amenities. Both units enjoy the big backyard highlighted by rolling lawns, private patios & access to the separated 2-car garage. Franklin Elementary, too. Check with LA city, but transform it into the single-family home of your liking, tamper with the idea of a condo conversion, or take the challenge and tear it down to build your two treasured trophies on this large 7,000 (50'x140') square foot R2-zoned lot in one of Los Feliz's trendiest locales close to quaint eateries on Hillhurst. A treat for the savvy owner-user or developer whos thinking "upside."

Last Agent to Sell the Property

Eric Akutagawa

Compass License #01432257 Listed on: 07/09/2020

Compass

Last Buyer's Agent

Laura Markosian

Coldwell Banker Realty License #01291002

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,965

Year Built

  • Built in 1923

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50x140
  • East Facing Home
  • Front and Back Yard Sprinklers

Parking

  • 2 Car Detached Garage
  • Driveway
  • Assigned Parking

Home Design

  • Spanish Architecture
  • Flat Roof Shape
  • Raised Foundation
  • Copper Plumbing

Interior Spaces

  • 1,748 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Decorative Fireplace
  • Double Pane Windows
  • Awning
  • Bay Window
  • Sliding Doors
  • Living Room with Fireplace
  • Dining Room
  • Laundry Room

Kitchen

  • Oven or Range
  • Gas Cooktop
  • Freezer
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms
  • Linen Closet In Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Air Conditioning
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, gardener
  • Assessor Parcel Number 5591-015-002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,965

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 1748
  • Lot Acreage: 0.1607
  • Lot Dimensions: 50x140
  • Probate: No
  • Stories: 1
  • Year Built: 1923
  • Number Of Photos: 51
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-Ins, Crown Moldings
  • Number Dishwasher: 2
  • Number Disposal: 2
  • Number Drapes: 2
  • Number Refrigerator: 2
  • Fireplace Rooms: Decorative, Living Room
  • Flooring: Tile, Hardwood
  • Appliances: Free Standing Gas, Cooktop - Gas
  • Bedrooms: 2
  • Common Walls: Attached
  • Bathroom Features: Tile, Linen Closet
  • Dining Room: 1
  • Family Room: 0
  • Kitchen Features: Tile Counters
  • Laundry: In Unit, Room
  • Laundry Equipment: Own
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal, Refrigerator, Freezer, Range/Oven
  • Price Per S Q F T: 671.34
  • Windows: Awning, Bay Window, Double Pane Windows

Exterior Features

  • Direction Faces: East
  • Other Features: Sliding Glass Doors, Full Copper Plumbing
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Number Patio: 2
  • Patio: Deck(s), Covered, Slab, Wood
  • Pool: No
  • Roof: Flat
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Detached, Driveway - Concrete, Garage - 2 Car, Assigned
  • Total Parking: 2

Utilities

  • Water Heater: Gas
  • Cooling: Wall/Window, Air Conditioning, Ceiling Fan
  • Heating: Floor Furnace
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Street
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Front, Rear, Sprinkler System
  • Assessed Improvement Percent: 21.48
  • Assessed Improvement Value: 20029
  • Assessed Land Percent: 78.52
  • Assessed Land Value: 73232
  • Total Assessed Value: 93261
  • Assessor Parcel Number: 5591-015-002
  • Lot Size Area: 7000

Rental Info

  • Number Leased: 2
  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 36.52
  • Number Of Units: 2
  • Number Wall A C: 2
  • Rent Control: 100
  • Total Annual Expense: 5953
  • Type Of Units: Side-by-side
  • Vacancy Rate: 0

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2024
Sold by
Cherkezian Edward Arshag and Cherkezian Arpy
Bought by
Cherkezian Edward Arshag and Cherkezian Arpy
Current Estimated Value
$1,498,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Outstanding Balance
$270,189
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$1,228,177

Purchase Details

Closed on
Oct 16, 2020
Sold by
Tatsuko Watanabe Living Trust and Watanabe Tatsuko
Bought by
Cherkezian Edward and Cherkezian Arpy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$977,500
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2010
Sold by
Watanabe Tatsuko
Bought by
Watanabe Tatsuko and Tatsuko Watanabe Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
4.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2003
Sold by
Watanabe Taksuko
Bought by
Watanabe Tatsuko and Tatsuko Watanabe Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 1997
Sold by
Watanabe Tatsuko
Bought by
Watanabe Tatsuko and The Tatsuko Watanabe Living 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
Cherkezian Edward Arshag -- Equity Title Company
Cherkezian Edward $1,150,000 Equity Title
Watanabe Tatsuko -- Accommodation
Watanabe Tatsuko -- Advantage Title Inc
Watanabe Tatsuko -- --
Watanabe Tatsuko -- American Coast Title Company
Watanabe Tatsuko -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cherkezian Edward Arshag $273,000
Previous Owner Cherkezian Edward $977,500
Previous Owner Watanabe Tatsuko $145,000
Previous Owner Watanabe Tatsuko $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2021 01/15/21 Sold $1,150,000 -2.0% $658 / Sq Ft
10/11/2020 10/11/20 Pending -- -- --
07/09/2020 07/09/20 For Sale $1,173,500 -- $671 / 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 $14,965 $1,244,795 $865,945 $378,850
2024 $14,965 $1,220,388 $848,966 $371,422
2023 $14,675 $1,196,460 $832,320 $364,140
2022 $13,990 $1,173,000 $816,000 $357,000
2021 $1,480 $99,990 $78,517 $21,473
2020 $1,489 $98,965 $77,712 $21,253
2019 $1,441 $97,026 $76,189 $20,837
2018 $1,340 $95,125 $74,696 $20,429
2016 $1,262 $91,434 $71,797 $19,637
2015 $1,246 $90,062 $70,719 $19,343
2014 $1,265 $88,299 $69,334 $18,965
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-601664

The MLS

APN: 5591-015-002