NOT LISTED FOR SALE

2118 2134 Griffith Park Blvd Silver Lake (L), CA 90039

Estimated Value: $1,557,000 - $1,874,000

3 Beds
3 Baths
6,246 Sq Ft
$266/Sq Ft Est. Value

Last Sold September 11, 2018

Last sale price $5,100,000 $817 Per Sq Ft

Current estimated payment $10,644/month

Highlights

  • 16,359 Sq Ft lot
  • No HOA
  • Foothills
  • Ivanhoe Elementary Rated A-
  • Laundry Room
  • Landscaped

About This Home

As of September 2018

2118-2134 Griffith Park Blvd is a 10-unit apartment property located in the gentrifying city of Silver Lake a sub-market of Los Angeles, California. The single story apartment community made up of three separate parcels was built in 1941 and 1953 and consists of 10 apartment homes totaling 6,246 sq. ft.

The property features a unit mix of 1 bedroom & 1 bath apartment homes with very functional layouts and patio spaces that serve as an extension of the interior space. The owner’s units have tremendous outside space and provide the feeling of being in a home.

Last Agent to Sell the Property

Warren Berzack

Warren Lee Berzack License #01329015 Listed on: 03/05/2018

Warren Lee Berzack

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,307

Year Built

  • Built in 1941

Lot Details

  • 0.38 Acre Lot
  • 1 Common Wall
  • Landscaped
  • 3 Parcels

Parking

  • 2 Open Parking Spaces
  • 9 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 6,246 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 5431004018

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 10 Units
  • Foothills
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $700
  • Fuel Expense $1,000
  • Insurance Expense $2,500
  • Maintenance Expense $15,777
  • Other Expense $1,000
  • Pest Control $600
  • Trash Expense $1,500
  • Water Sewer Expense $7,000
  • New Taxes Expense $71,250
  • Operating Expense $102,005
  • Gross Income $26,003
  • Net Operating Income $204,064

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,307

Year Built

Built in 1941

Lot Details

0

Parking

9

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 7000.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5431004018
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 816.52

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 11.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Sidewalks, Storm Drains, Street Lights, Urban, Valley

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 3 Parcels
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 16359.00

Multi Family

  • Electric Expense: 700.00
  • Fuel Expense: 1000.00
  • Garage Income: 3000.00
  • Gross Income: 26003.00
  • Gross Operating Income: 306070.00
  • Gross Scheduled Income: 315536.00
  • Insurance Expense: 2500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 500.00
  • Maintenance Expense: 15777.00
  • Net Operating Income: 204064.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 10
  • Operating Expense: 102005.00
  • Other Expense: 1000.00
  • Other Expense Description: misc
  • Rent Control: Yes
  • Total Expenses: 102005.00
  • Vacancy Allowance: 9466

Tax Info

  • New Taxes Expense: 71250.00
  • Tax Census Tract: 1951.00
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2022
Sold by
Juliar Burnell Gene
Bought by
Burnell G Juliar Trust
Current Estimated Value
$1,664,333

Purchase Details

Listed on
Mar 5, 2018
Closed on
Sep 5, 2018
Sold by
Roi Facilitators Llc
Bought by
Juliar Burnell Gene
Seller's Agent
Warren Berzack
Warren Lee Berzack
List Price
$5,360,000
Sold Price
$5,100,000
Premium/Discount to List
-$260,000
-4.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-15.36%
Original Mortgage
$1,000,000
Interest Rate
4.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 10, 2014
Sold by
Jones Arthur Enfield
Bought by
Roi Facilitators Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$685,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2013
Sold by
Brogan Joseph T
Bought by
Jones Arthur Enfield and Brogan Joseph T
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
Burnell G Juliar Trust -- --
Juliar Burnell Gene $5,100,000 Ticor Title
Roi Facilitators Llc $607,006 North American Title
Jones Arthur Enfield -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roi Facilitators Llc $1,000,000
Previous Owner Juliar Burnell Gene $2,500,000
Previous Owner Roi Facilitators Llc $450,000
Previous Owner Roi Facilitators Llc $2,130,000
Previous Owner Roi Facilitators Llc $685,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2018 09/11/18 Sold $5,100,000 -4.9% $817 / Sq Ft
08/17/2018 08/17/18 Pending -- -- --
03/05/2018 03/05/18 For Sale $5,360,000 -- $858 / 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 $21,307 $1,784,826 $1,249,379 $535,447
2024 $21,307 $1,749,831 $1,224,882 $524,949
2023 $20,890 $1,715,521 $1,200,865 $514,656
2022 $19,911 $1,681,884 $1,177,319 $504,565
2021 $19,672 $1,648,907 $1,154,235 $494,672
2019 $19,079 $1,600,000 $1,120,000 $480,000
2018 $8,058 $653,454 $394,887 $258,567
2016 $7,696 $628,082 $379,554 $248,528
2015 $7,584 $618,648 $373,853 $244,795
2014 $2,111 $154,104 $87,682 $66,422
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18052401

California Regional Multiple Listing Service (CRMLS)

APN: 5431-004-018