NOT LISTED FOR SALE

Estimated Value: $1,033,324 - $1,375,000

4 Beds
3 Baths
2,579 Sq Ft
$451/Sq Ft Est. Value

Last Sold August 16, 2023

Last sale price $1,025,000 $397 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $7,401/month

167 Days on Market

Highlights

  • Wood Flooring
  • John Marshall Senior High Rated A
  • Wall Furnace

About This Home

As of August 2023

This Residential Income Triplex located in the Silver Lake / Echo Park area of LA contains a stand-alone home with two bedrooms, one bath, a fireplace, wood floors, a formal dining room, an eat-in kitchen, and a service porch with laundry hook-ups. Additionally, two attached one-bedroom, one-bathroom units at the rear of the property feature spacious rooms, front and rear entries, and patios with views. The property also features a two-car garage with attached bonus studio space, a separate one-car garage, and plenty of driveway parking.

Last Agent to Sell the Property

Joseph Reed

Sotheby's International Realty License #01050805 Listed on: 02/15/2023

Sotheby's International Realty

Last Buyer's Agent

Jimmy Heckenberg

Rodeo Realty License #01910100

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,764

Year Built

  • Built in 1946

Lot Details

  • 7,393 Sq Ft Lot
  • 1 Common Wall
  • No Sprinklers

Parking

  • 3 Car Garage
  • Parking Available
  • Two Garage Doors
  • Driveway Down Slope From Street

Home Design

  • 2,579 Sq Ft Home
  • Triplex

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 003
  • Tax Tract Number 195
  • Assessor Parcel Number 5402034003

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $960
  • Insurance Expense $1,032
  • Maintenance Expense $1,710
  • Professional Management Expense $7,331
  • Trash Expense $1
  • Water Sewer Expense $844
  • Operating Expense $13,084
  • Gross Income $70,860
  • Net Operating Income $57,776

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,764

Year Built

Built in 1946

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Professional Management Expense: 7331.00
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 844.00
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5402034003
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 397.44

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage - Single Door, Driveway Down Slope From Street, Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 7393.00
  • Lot Size Acres: 0.1697

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 700
  • Average2 Bed Area: 1200
  • Gross Income: 70860.00
  • Gross Scheduled Income: 70860.00
  • Insurance Expense: 1032.00
  • Lot Size Area: 7393.0000 Square Feet
  • Maintenance Expense: 1710.00
  • Net Operating Income: 57776.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Number With Range: 3
  • Operating Expense: 13084.00
  • Rent Control: Yes
  • Total Expenses: 13084.00

Tax Info

  • Tax Lot: 003
  • Tax Tract Number: 195...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2009
Sold by
Garcia Alfredo
Bought by
Garcia Alfredo and Alfredo Garcia Jr Trust
Current Estimated Value
$1,163,081

Purchase Details

Closed on
Mar 26, 2000
Sold by
Sherwood Robert M
Bought by
Sherwood Robert Michael and R M Sherwood Trust
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
Garcia Alfredo -- None Available
Sherwood Robert Michael -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2023 08/16/23 Sold $1,025,000 -21.2% $397 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
06/20/2023 06/20/23 For Sale $1,300,000 0.0% $504 / Sq Ft
06/13/2023 06/13/23 Pending -- -- --
02/15/2023 02/15/23 For Sale $1,300,000 -- $504 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $12,764 $1,045,500 $612,000 $433,500
2024 $12,764 $1,025,000 $600,000 $425,000
2023 $2,660 $182,818 $67,678 $115,140
2022 $2,549 $179,234 $66,351 $112,883
2021 $2,506 $175,720 $65,050 $110,670
2019 $2,439 $170,730 $63,121 $107,609
2018 $2,301 $167,388 $61,884 $105,504
2016 $2,175 $160,679 $59,482 $101,197
2015 $2,146 $158,266 $58,589 $99,677
2014 $2,174 $155,167 $57,442 $97,725
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-12667

Pasadena-Foothills Association of REALTORS®

APN: 5402-034-003