NOT LISTED FOR SALE

1962 N Commonwealth Ave Los Angeles, CA 90027

Los Feliz Neighborhood

Estimated Value: $1,397,000 - $2,082,000

6 Beds
4 Baths
2,080 Sq Ft
$853/Sq Ft Est. Value

Last Sold July 10, 2018

Last sale price $1,190,000 $572 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $10,739/month

5 Days on Market

Highlights

  • Wood Flooring
  • 4 Car Garage
  • Guest Parking
  • Franklin Avenue Elementary Rated A-
  • Side by Side Parking
  • Forced Air Zoned Heating and Cooling System

About This Home

As of July 2018

Beautifully remodeled duplex on one of the best streets in Los Feliz. New bathrooms, new appliances, new sewer, new fencing and gate around property, new landscaping, new plumbing, plus a LOT more. Washer and dryer in each unit and dedicated 2-zone HVAC in each unit. Property is in great condition with great tenants, perfect investment and/or 1031 exchange. Drive by only, interior inspection with accepted offer only. Franklin Elementary.

Last Agent to Sell the Property

Stephen Apelian

Compass License #01885055 Listed on: 06/04/2018

Compass

Last Buyer's Agent

Richard Wilkinson

Compass License #01812487

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,979

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 6,750 Sq Ft Lot
  • West Facing Home

Interior Spaces

  • 2,080 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Side by Side Parking
  • Auto Driveway Gate
  • Driveway
  • Guest Parking
  • On-Street Parking

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 5591-014-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,979

Year Built

Built in 1923 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2080
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1923
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 6
  • Common Walls: Attached
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Cable, Dishwasher, Dryer, Gas Or Electric Dryer Hookup, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 574.52

Exterior Features

  • Direction Faces: West
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Auto Driveway Gate, Detached, Driveway, Driveway Gate, Garage - 4+ Car, Garage Is Detached, On street, Oversized, Parking for Guests - Onsite, Private, Private Garage, Side By Side
  • Total Parking: 10

Utilities

  • Cooling: Air Conditioning, Dual, Multi/Zone, Wall Unit(s)
  • Heating: Forced Air, Wall, Zoned

Lot Info

  • Assessed Improvement Value: 363347
  • Assessed Land Value: 545021
  • Assessor Parcel Number: 5591-014-008
  • Geocode Override: No
  • Lot Size Area: 6750

Rental Info

  • Owner Pays: Gardener, Water

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 21.25
  • Number Of Units: 2
  • Total Annual Expense: 4000
  • Type Of Units: side by side
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2018
Closed on
Jun 12, 2018
Sold by
Gratton Rodolfo Luigi
Bought by
Sabin Edward and Sabin Diana
Seller's Agent
Stephen Apelian
Compass
Buyer's Agent
Richard Wilkinson
Compass
List Price
$1,195,000
Sold Price
$1,190,000
Premium/Discount to List
-$5,000
-0.42%
Current Estimated Value
$1,774,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$584,358
Avg. Annual Appreciation
5.66%
Original Mortgage
$683,000
Outstanding Balance
$592,003
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$1,182,355

Purchase Details

Listed on
Mar 31, 2014
Closed on
Jun 2, 2014
Sold by
Sung A Oh Living Trust
Bought by
Gratton Rodolfo Luigi and Garcia Abihail
Seller's Agent
Anna Kim
High Equity Real Estate Service, Inc.
Buyer's Agent
Stephen Apelian
Compass
List Price
$879,000
Sold Price
$860,000
Premium/Discount to List
-$19,000
-2.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.37%
Original Mortgage
$645,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 1, 2009
Sold by
Oh Heung Kil
Bought by
Oh Sung A and Sung A Oh Living Trust

Purchase Details

Closed on
Oct 18, 2005
Sold by
Oh Sung Ae
Bought by
Oh Heung Kil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 5, 2005
Sold by
Corporation Services Inc
Bought by
Oh Heung Kil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 7, 2005
Sold by
Sikder Faruque
Bought by
Corporation Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 23, 2001
Sold by
Sikder Faruque
Bought by
Sikder Faruque H and Sikder Maria Sallie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,750
Interest Rate
7.09%

Purchase Details

Closed on
Aug 1, 2000
Sold by
Loma Linda Llc
Bought by
Sikder Faruque H and Sikder Maria Sallie

Purchase Details

Closed on
Jan 20, 2000
Sold by
The Loma Linda Avenue Llc
Bought by
Sikder Faruque H and Sikder Maria Sallie

Purchase Details

Closed on
Jul 23, 1999
Sold by
Sikder Faruque
Bought by
The Loma Linda Avenue Llc
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
Sabin Edward $1,190,000 Equity Title
Gratton Rodolfo Luigi $860,000 Lawyers Title
Oh Sung A -- None Available
Oh Heung Kil -- California Title
Oh Heung Kil $764,000 --
Corporation Services Inc $404,000 --
Sikder Faruque H -- California Title
Sikder Faruque H -- Progressive Title Company
Sikder Faruque H -- Progressive Title Company
The Loma Linda Avenue Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sabin Edward $683,000
Previous Owner Gratton Rodolfo Luigi $645,000
Previous Owner Oh Heung Kil $573,000
Previous Owner Corporation Services Inc $404,000
Previous Owner Sikder Faruque H $378,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/10/2018 07/10/18 Sold $1,190,000 -0.4% $572 / Sq Ft
06/09/2018 06/09/18 Pending -- -- --
06/04/2018 06/04/18 For Sale $1,195,000 +39.0% $575 / Sq Ft
06/27/2014 06/27/14 Sold $860,000 -2.2% $413 / Sq Ft View Prior Sale
05/16/2014 05/16/14 Pending -- -- --
03/31/2014 03/31/14 For Sale $879,000 -- $423 / 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 $15,979 $1,327,463 $992,809 $334,654
2024 $15,979 $1,301,436 $973,343 $328,093
2023 $15,669 $1,275,918 $954,258 $321,660
2022 $14,939 $1,250,901 $935,548 $315,353
2021 $14,756 $1,226,374 $917,204 $309,170
2019 $14,314 $1,190,000 $890,000 $300,000
2018 $11,301 $926,534 $555,921 $370,613
2016 $10,798 $890,558 $534,335 $356,223
2015 $10,640 $877,182 $526,309 $350,873
2014 $8,413 $673,912 $471,740 $202,172
Source: Public Records

Agents Affiliated with this Home

  • Stephen Apelian

    Seller's Agent in 2018

    Stephen Apelian

    Compass

    (323) 804-3400

    48 Total Sales

    Stephen Apelian
    Section Image
  • Richard Wilkinson

    Buyer's Agent in 2018

    Richard Wilkinson

    Compass

    (323) 445-2426

    7 in this area

    76 Total Sales

    Richard Wilkinson
    Section Image
  • Miles Crakow

    Buyer Co-Listing Agent in 2018

    Miles Crakow

    Real Broker

    (323) 953-2723

    30 Total Sales

    Miles Crakow
    Section Image
  • Anna Kim

    Seller's Agent in 2014

    Anna Kim

    High Equity Real Estate Service, Inc.

    (213) 216-4315

    21 Total Sales

    Anna Kim
    Section Image
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Map

Source: The MLS

MLS Number: 18-350886

The MLS

APN: 5591-014-008

California Los Angeles County Los Angeles 90027 Los Feliz

1962 N Commonwealth Ave, Los Angeles, CA

This home is located at 1962 N Commonwealth Ave, Los Angeles, CA 90027 since 04 June 2018 and is currently estimated at $1,774,358, approximately $853 per square foot. This property was built in 1923. 1962 N Commonwealth Ave is a home located in Los Angeles County with nearby schools including Franklin Avenue Elementary, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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