NOT LISTED FOR SALE

Estimated Value: $768,000 - $1,153,000

2 Beds
2 Baths
918 Sq Ft
$1,043/Sq Ft Est. Value

Last Sold May 22, 2014

Last sale price $300,000 $327 Per Sq Ft

Est. 219% increase in value since last sale

Current estimated payment $5,575/month

150 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Two Homes on a Lot
  • Laundry Room
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Bungalow

About This Home

As of May 2014

BACK on the market!!! There are two units - One (1) BR and BA and One Two(2) BR one BA. Needs Improvements This is a FIXER UPPER.

This is a Probate Listing; court confirmation has been obtained... Excellent investment property in need of major repairs throughout. CASH ONLY BUYER..... Financing could be difficult to secure.

Last Agent to Sell the Property

MARCIA HINES

MARKETPLACE REALTY License #01774959 Listed on: 09/03/2013

Last Buyer's Agent

Justin Dae

Keller Williams Encino/Sherman Oaks License #01519849

Keller Williams Encino/Sherman Oaks

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 10,540 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • 2 Detached Carport Spaces
  • Parking Available

Home Design

  • Bungalow
  • Property Attached
  • Fixer Upper
  • Raised Foundation
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 918 Sq Ft Home
  • Blinds
  • Panel Doors
  • Vinyl Flooring
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • TV Antenna

Additional Features

  • Accessible Parking
  • Two Homes on a Lot

Listing and Financial Details

  • Legal Lot and Block 14 / 2
  • Tax Tract Number 4609
  • Assessor Parcel Number 5836014014

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $750
  • Trash Expense $500
  • Water Sewer Expense $650
  • New Taxes Expense $2,200
  • Gross Income $1,600
  • Net Operating Income $5,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 650.00
  • Architectural Style: Bungalow
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 5836014014
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: One
  • Price Per Square Foot: 326.80
  • Room Type: All Bedrooms Down
  • Window Features: Blinds

Exterior Features

  • Foundation: Raised
  • Other Structures: Two On A Lot
  • Exterior Features: TV Antenna
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Asphalt
  • Spa: No
  • Construction Materials: Frame

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas
  • Laundry Features: Outside
  • Trash Expense: 500.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 10540.00
  • Lot Size Acres: 0.2420

Multi Family

  • Average1 Bed Area: 459
  • Gross Income: 1600.00
  • Gross Scheduled Income: 7500.00
  • Insurance Expense: 750.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 10540.0000 Square Feet
  • Net Operating Income: 5000.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 2500.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 2200.00
  • Tax Block: 2
  • Tax Lot: 14
  • Tax Tract Number: 4609
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2015
Sold by
Glasauer Bernard
Bought by
Glasauer Bernard H and Glasauer Jeong M
Current Estimated Value
$957,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,250
Outstanding Balance
$268,401
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$688,655

Purchase Details

Closed on
Jul 28, 2015
Sold by
Goldman & Associates Investments Inc
Bought by
Glasauer Bernard and Glasauer Jeong M

Purchase Details

Closed on
Jul 23, 2014
Sold by
4369 O Neil Llc
Bought by
Goldman & Associates Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
4.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 2014
Sold by
Stevens Pamela
Bought by
4369 O Neil Llc

Purchase Details

Closed on
May 25, 2004
Sold by
Hatcher Lewis J and Hatcher Louis J
Bought by
Hatcher Lewis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
5.92%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Glasauer Bernard H -- Old Republic Title Company
Glasauer Bernard $525,000 Fidelity National Title Co
Goldman & Associates Investments Inc -- Lawyers Titlle
4369 O Neil Llc $300,003 Pacific Coast Title
Hatcher Lewis J -- Fidelity Van Nuys
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glasauer Bernard H $341,250
Previous Owner Goldman & Associates Investments Inc $340,000
Previous Owner Hatcher Lewis J $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2014 05/22/14 Sold $300,000 -24.8% $327 / Sq Ft
01/31/2014 01/31/14 Pending -- -- --
09/03/2013 09/03/13 For Sale $399,000 -- $435 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,255 $621,483 $503,106 $118,377
2024 $7,255 $609,298 $493,242 $116,056
2023 $7,193 $597,352 $483,571 $113,781
2022 $6,949 $585,640 $474,090 $111,550
2021 $6,672 $574,158 $464,795 $109,363
2019 $6,428 $557,130 $451,010 $106,120
2018 $6,472 $546,207 $442,167 $104,040
2016 $6,266 $524,999 $424,999 $100,000
2015 $4,319 $350,000 $320,000 $30,000
2014 $1,841 $128,647 $83,122 $45,525
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV13178874

California Regional Multiple Listing Service (CRMLS)

APN: 5836-014-014