NOT LISTED FOR SALE

Estimated Value: $1,037,000 - $1,440,000

4 Beds
4 Baths
2,452 Sq Ft
$512/Sq Ft Est. Value

Last Sold March 24, 2022

Last sale price $1,155,000 $471 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $8,031/month

97 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Laundry Room
  • John Marshall Senior High Rated A

About This Home

As of March 2022

Silver Lake-Elysian Heights Area- California Classic 4plex Studio Apartment Building. (Plus 1 ADU).
Lots of potential for this good sized corner lot 4plex property. Also has a 5th Unit which is a free standing studio. (No permit history on this unit)
Excellent potential for an owner/investor to purchase and occupy as a primary residence with rental income or actively manage as a value-added investment property.

Turnkey professional management available for an investment owner.

Last Agent to Sell the Property

Alan Zemek

LRS Realty & Management Inc License #01887945 Listed on: 09/14/2021

Last Buyer's Agent

Yaquenli Fontaine

Pinnacle Estate Properties, Inc. License #01822157

Pinnacle Estate Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,845

Year Built

  • Built in 1922

Lot Details

  • 6,781 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Home Design

  • Property Attached

Interior Spaces

  • 4 Bedrooms
  • 2,452 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 3622
  • Assessor Parcel Number 5443028017
  • $399 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,845

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Price Per Unit: 300000
  • Property Attached: Yes
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5443028017
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 471.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 6781.00
  • Lot Size Acres: 0.1557

Multi Family

  • Average Studio Area: 500 Square Feet
  • Lot Size Area: 6781.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Actual Rent: 2875.00

Tax Info

  • Tax Census Tract: 1974.10
  • Tax Lot: 15
  • Tax Tract Number: 3622
  • TaxOtherAnnualAssessmentAmount: 399.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2021
Closed on
Mar 11, 2022
Sold by
Silva John A
Bought by
Fontaine Living Trust
Seller's Agent
Alan Zemek
LRS Realty & Management Inc
Buyer's Agent
Yaquenli Fontaine
Pinnacle Estate Properties, Inc.
List Price
$1,200,000
Sold Price
$1,155,000
Premium/Discount to List
-$45,000
-3.75%
Current Estimated Value
$1,256,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,512
Avg. Annual Appreciation
1.54%
Original Mortgage
$866,250
Outstanding Balance
$811,635
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$406,231

Purchase Details

Closed on
Apr 22, 1993
Sold by
Marsden Minerva
Bought by
Silva Alfredo
Source: Public Records

Range of Values:

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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
Fontaine Living Trust $1,155,000 Old Republic Title
Silva Alfredo $200,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fontaine Living Trust $866,250
Previous Owner Silva John $379,000
Previous Owner Silva Alfredo $163,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2022 03/24/22 Sold $1,155,000 -3.8% $471 / Sq Ft
02/12/2022 02/12/22 For Sale $1,200,000 +3.9% $489 / Sq Ft
02/11/2022 02/11/22 Off Market $1,155,000 -- --
01/31/2022 01/31/22 Price Changed $1,200,000 +11.2% $489 / Sq Ft
01/28/2022 01/28/22 For Sale $1,079,000 -6.6% $440 / Sq Ft
01/27/2022 01/27/22 Off Market $1,155,000 -- --
01/11/2022 01/11/22 Price Changed $1,079,000 -10.1% $440 / Sq Ft
01/08/2022 01/08/22 For Sale $1,200,000 0.0% $489 / Sq Ft
12/21/2021 12/21/21 Pending -- -- --
11/03/2021 11/03/21 Price Changed $1,200,000 +9.6% $489 / Sq Ft
11/03/2021 11/03/21 For Sale $1,095,000 -5.2% $447 / Sq Ft
11/02/2021 11/02/21 Off Market $1,155,000 -- --
11/02/2021 11/02/21 For Sale $1,095,000 -5.2% $447 / Sq Ft
11/01/2021 11/01/21 Off Market $1,155,000 -- --
10/21/2021 10/21/21 Price Changed $1,095,000 -3.9% $447 / Sq Ft
10/12/2021 10/12/21 Price Changed $1,139,000 -10.2% $465 / Sq Ft
10/08/2021 10/08/21 For Sale $1,269,000 0.0% $518 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
09/14/2021 09/14/21 For Sale $1,269,000 -- $518 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,845 $1,225,695 $801,212 $424,483
2024 $14,845 $1,201,662 $785,502 $416,160
2023 $14,559 $1,178,100 $770,100 $408,000
2022 $4,073 $320,304 $272,271 $48,033
2021 $4,011 $314,025 $266,933 $47,092
2019 $3,895 $304,713 $259,016 $45,697
2018 $3,808 $298,739 $253,938 $44,801
2016 $3,617 $287,140 $244,078 $43,062
2015 $3,566 $282,828 $240,412 $42,416
2014 $3,602 $277,289 $235,703 $41,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21199533

California Regional Multiple Listing Service (CRMLS)

APN: 5443-028-017