$2,200,000
SOLD JUN 9, 2022
8 Beds
7 Baths
-- Sq Ft
0.28 Acres

Recently Sold

5% Above List Price

20 Days on Market

About This Home

As of November 2024

Incredible investment or development opportunity located in the heart of Hollywood near Beachwood Canyon, north of Franklin Blvd. Property consists of 6 units. Five 1-bedroom units (one freestanding) and One freestanding 2-bedroom unit. Situated on a 12,263 sqft lot. The two bedroom unit will be delivered vacant. Please do not disturb the tenants. No showings without an accepted offer. Please contact listing agent for more details. Broker, Owner (Administrator) and Attorney do NOT guarantee the accuracy of the bedroom count or any other property details. Do not disturb tenants.

Last Agent to Sell the Property

Mary Swanson

Hilton Hilton License #01790827 Listed on: 10/14/2021

Last Buyer's Agent

Joan Yarfitz

Engel & Völkers Beverly Hills License #00708625

Engel & Völkers Beverly Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,703

Year Built

  • Built in 1921

Lot Details

  • 0.28 Acre Lot

Parking

  • 4 Car Garage

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Community Details

  • 6 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5586-003-010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,703

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Lot Acreage: 0.2815
  • Probate: Yes
  • Year Built: 1921
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 7.00

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 16.66
  • Assessed Improvement Value: 42642
  • Assessed Land Percent: 83.34
  • Assessed Land Value: 213309
  • Total Assessed Value: 255951
  • Assessor Parcel Number: 5586-003-010
  • Lot Size Area: 12263

Rental Info

  • Court Approve: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Number Of Units: 6
  • Total Annual Expense: 0
  • Type Of Units: Bungalow
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Oct 18, 2024
Sold by
2026 Walnut Llc
Bought by
La La Properties Llc
Seller's Agent
Max Berger
Compass
Buyer's Agent
Lorraine Getz
Compass
List Price
$3,995,000
Sold Price
$3,600,000
Premium/Discount to List
-$395,000
-9.89%
Views
57
Current Estimated Value
$3,704,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,081
Avg. Annual Appreciation
3.33%
Original Mortgage
$1,200,000
Outstanding Balance
$1,194,324
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$2,483,163
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $3,600,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,200,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2024 11/26/24 Sold $3,600,000 -9.9% $781 / Sq Ft
10/14/2024 10/14/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $3,995,000 0.0% $866 / Sq Ft
04/18/2024 04/18/24 Price Changed $2,900 -3.2% $4 / Sq Ft
04/16/2024 04/16/24 Price Changed $2,995 -9.1% $5 / Sq Ft
04/04/2024 04/04/24 Price Changed $3,295 -13.2% $5 / Sq Ft
03/19/2024 03/19/24 Price Changed $3,795 -0.1% $6 / Sq Ft
03/04/2024 03/04/24 Price Changed $3,800 -5.0% $6 / Sq Ft
01/05/2024 01/05/24 For Rent $4,000 0.0% --
06/09/2022 06/09/22 Sold $2,200,000 +4.8% --
11/03/2021 11/03/21 Pending -- -- --
10/14/2021 10/14/21 For Sale $2,100,000 -- --
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
2024 $28,703 $2,288,880 $1,602,216 $686,664
2023 $28,158 $2,244,000 $1,570,800 $673,200
2022 $4,251 $263,772 $219,828 $43,944
2021 $4,180 $258,601 $215,518 $43,083
2020 $4,137 $255,951 $213,309 $42,642
2019 $4,014 $250,933 $209,127 $41,806
2018 $3,843 $246,014 $205,027 $40,987
2016 $3,566 $236,463 $197,066 $39,397
2015 $3,524 $232,912 $194,106 $38,806
2014 $3,576 $228,350 $190,304 $38,046
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-795342

The MLS

APN: 5586-003-010