NOT LISTED FOR SALE

Estimated Value: $909,000 - $1,551,357

4 Beds
4 Baths
2,066 Sq Ft
$611/Sq Ft Est. Value

Last Sold April 22, 2015

Last sale price $840,000 $407 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $7,674/month

32 Days on Market

About This Home

As of April 2015

Completely remodeled four-plex with great income and outstanding tenants located in Echo Park/Silver Lake. The unit mix is a one-two bedroom unit, One HUGE-one bedroom unit with massive storage below that can be converted into another room/unit, One-One Bedroom/loft unit with private entry staircase and One-single unit. All units have central air and heat. The back yard includes a picnic area equipped with picnic table, BBQ and shade sails perfect for hanging out and entertaining. This property performs perfectly and needs little to no maintenance. Each unit is separately metered for electric and gas and parking is available on the lot next door!

Last Agent to Sell the Property

Daniel Riceberg

Daniel Riceberg License #01873353 Listed on: 03/12/2015

Last Buyer's Agent

Martin Muoto

Martin Muoto License #01922869

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,375

Year Built

  • Built in 1907

Lot Details

  • 5,269 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 2,066 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Off-Site Parking

Additional Features

  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 9
  • Tax Tract Number 2
  • Assessor Parcel Number 5402038009

Community Details

Overview

  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,184
  • Maintenance Expense $780
  • Water Sewer Expense $3,000
  • New Taxes Expense $10,375
  • Gross Income $4,998
  • Net Operating Income $55,876

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,375

Year Built

Built in 1907

Lot Details

0

Listing Details

  • CapRate: 5.43
  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 5402038009
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 406.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Off Site
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Heating Type: Central
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5269.00
  • Lot Size Acres: 0.1210

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 4998.00
  • Gross Scheduled Income: 59976.00
  • Insurance Expense: 1184.00
  • Lot Size Area: 5269.0000 Square Feet
  • Maintenance Expense: 780.00
  • Net Operating Income: 55876.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 4300.00
  • Rent Control: Yes
  • Total Actual Rent: 3298.00

Tax Info

  • New Taxes Expense: 10375.00
  • Taxes Percent: 1.25
  • Tax Lot: 9
  • Tax Tract Number: 2
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 17, 2021
Sold by
Chamoun Megan-Laib and Laib-Chamoun Megan
Bought by
Chamoun Michael
Current Estimated Value
$1,262,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$954,200
Outstanding Balance
$859,658
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$403,181

Purchase Details

Listed on
Mar 12, 2015
Closed on
Mar 27, 2015
Sold by
Bdr Cascadia Llc
Bought by
Chamoun Michael and Laib Chamoun Megan
Seller's Agent
Daniel Riceberg
Daniel Riceberg
Buyer's Agent
Martin Muoto
Martin Muoto
List Price
$830,000
Sold Price
$840,000
Premium/Discount to List
$10,000
1.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.95%
Original Mortgage
$824,047
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 12, 2015
Closed on
Mar 17, 2015
Sold by
Fenton Benjamin
Bought by
Bdr Cascadia Llc
Seller's Agent
Daniel Riceberg
Daniel Riceberg
Buyer's Agent
Martin Muoto
Martin Muoto
List Price
$830,000
Sold Price
$840,000
Premium/Discount to List
$10,000
1.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$824,047
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Listed on
Nov 19, 2012
Closed on
Feb 15, 2013
Sold by
Romero Rosemary
Bought by
Fenton Benjamin
Seller's Agent
Jimmy Bayan
Equity Smart Real Estate Services
Buyer's Agent
Marcella Line
Coldwell Banker Realty
List Price
$499,900
Sold Price
$499,000
Premium/Discount to List
-$900
-0.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.41%
Original Mortgage
$374,925
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Romero Rosemary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 2, 2008
Sold by
Hanchana Natyada
Bought by
Deutsche Bank National Trust Co and Pooling & Servicing Agreement Series Ind

Purchase Details

Closed on
Sep 18, 2006
Sold by
Tunyawatanakul Taweechai
Bought by
Hanchana Natyada

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
6.43%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 4, 2006
Sold by
Saengaram Nonglack
Bought by
Hanchana Natyada

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
6.43%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 16, 2000
Sold by
Family Trust Garguena Abelardo L Co Tr Gargeu
Bought by
Aram Nonglack Saeng

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
11.5%
Source: Public Records

Range of Values:

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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
Chamoun Michael -- Provident Title
Chamoun Michael -- Provident Title
Chamoun Michael -- Provident Title
Chamoun Michael $852,500 Lawyers Title Company
Bdr Cascadia Llc -- Fidelity National Title Co
Fenton Benjamin $500,000 Lawyers Title
Romero Rosemary $390,000 Lsi Title Company
Federal National Mortgage Association -- None Available
Deutsche Bank National Trust Co $517,500 None Available
Hanchana Natyada -- Alliance
Hanchana Natyada $695,000 Alliance
Aram Nonglack Saeng $140,000 South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chamoun Michael $954,200
Closed Chamoun Michael $954,200
Previous Owner Chamoun Michael $824,047
Previous Owner Fenton Benjamin $374,925
Previous Owner Romero Rosemary $292,500
Previous Owner Hanchana Natyada $139,000
Previous Owner Hanchana Natyada $556,000
Previous Owner Aram Nonglack Saeng $98,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/22/2015 04/22/15 Sold $840,000 +1.2% $407 / Sq Ft
03/21/2015 03/21/15 Pending -- -- --
02/17/2015 02/17/15 For Sale $830,000 +66.3% $402 / Sq Ft
02/27/2013 02/27/13 Sold $499,000 -0.2% $242 / Sq Ft View Prior Sale
02/08/2013 02/08/13 Pending -- -- --
11/19/2012 11/19/12 For Sale $499,900 -- $242 / 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 $12,375 $1,024,569 $721,106 $303,463
2024 $12,375 $1,004,480 $706,967 $297,513
2023 $12,136 $984,785 $693,105 $291,680
2022 $11,573 $965,476 $679,515 $285,961
2021 $11,428 $946,546 $666,192 $280,354
2019 $11,086 $918,474 $646,434 $272,040
2018 $11,001 $900,465 $633,759 $266,706
2016 $10,499 $865,500 $609,150 $256,350
2015 $6,374 $512,304 $358,613 $153,691
2014 -- $502,270 $351,589 $150,681
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15034694

California Regional Multiple Listing Service (CRMLS)

APN: 5402-038-009