NOT LISTED FOR SALE

Estimated Value: $1,269,000 - $1,569,000

7 Beds
6 Baths
2,376 Sq Ft
$591/Sq Ft Est. Value

Last Sold July 01, 2013

Last sale price $653,000 $275 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $8,454/month

12 Days on Market

About This Home

As of July 2013

Superbly located in the heart of Silver Lake, north of Sunset Blvd , this charming Spanish 4 units is set up with a beautiful courtyard adorned with blooming flowers on one side and succulants on the other side. The charm of 1922, as if stepping back in time, can be experienced throughout. Both the back and front yards (2 of them) have low maintenance gravel and pavers with a few succulants for color. There is even 3 car parking off the alley which adjoins the property. The left side structure features 3 bedrooms and 2 baths and is rented for $1795. The right side building has 3 - 1 bedroom, 1 bath units. Updated kitchens and baths done a few years ago. They are rented for $825, $875, $1095. There are 4 gas meters, 4 electrical meters and 1 water meter. Tenants pay their own gas and electricity. Owner pays the water. This is a perfect owner user or an investment buyer. Listing agent is related to one of the sellers.

Last Agent to Sell the Property

Rosemary Low

Sotheby's International Realty License #00492534 Listed on: 05/17/2013

Last Buyer's Agent

Out of Area Out of Area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,763

Year Built

  • Built in 1922

Lot Details

  • 5,009

Interior Spaces

  • 2,376 Sq Ft Home
  • Ceiling Fan

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Parking

  • 3 Parking Spaces
  • Uncovered Parking

Additional Features

  • 5,009 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5424-027-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,763

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2376
  • Year Built: 1922
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 7
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Price Per S Q F T: 251.68

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered
  • Total Parking: 3

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 79534
  • Assessed Land Value: 244728
  • Assessor Parcel Number: 5424-027-003
  • Geocode Override: No
  • Lot Size Area: 5009

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0.00
  • Type Of Units: Apt
  • Vacancy Rate: 0.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2015
Sold by
Papademetropoulos Ariana K
Bought by
Montana Properties Llc
Current Estimated Value
$1,404,899

Purchase Details

Closed on
Nov 18, 2015
Sold by
Papademetropoulos Alexandra S
Bought by
Montana Properties Llc

Purchase Details

Listed on
May 17, 2013
Closed on
Jun 12, 2013
Sold by
Torrez Morrow Marjorie and Low Austin
Bought by
Rescalvo Vivian L and Vivian L Rescalvo Revocable Tr
Seller's Agent
Rosemary Low
Sotheby's International Realty
Buyer's Agent
Out of Area Out of Area
List Price
$598,000
Sold Price
$653,000
Premium/Discount to List
$55,000
9.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.41%

Purchase Details

Closed on
Feb 24, 2004
Sold by
Torrez Marjorie
Bought by
Torrez Marjorie and Low Austin

Purchase Details

Closed on
Apr 25, 2000
Sold by
Performing Assets Llc
Bought by
Torrez Marjorie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
8.22%

Purchase Details

Closed on
Apr 28, 1999
Sold by
Wise Investments Llc
Bought by
Performing Assets Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.98%

Purchase Details

Closed on
Mar 25, 1999
Sold by
Devera Mino S and Devera Yoshie J
Bought by
Wise Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.98%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Montana Properties Llc -- None Available
Montana Properties Llc -- None Available
Papademetropoulos Alexandra S -- None Available
Papademetropoulos Ariana K -- None Available
Rescalvo Vivian L -- None Available
Montana Properties Llc -- None Available
Rescalvo Vivian L $653,000 Lawyers Title
Torrez Marjorie -- --
Torrez Marjorie $265,000 Southland Title Company
Performing Assets Llc -- --
Wise Investments Llc -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rescalvo Vivian L $325,000
Previous Owner Torrez Marjorie $272,000
Previous Owner Torrez Marjorie $212,000
Previous Owner Wise Investments Llc $140,000
Closed Wise Investments Llc $25,000
Closed Torrez Marjorie $26,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2013 07/01/13 Sold $653,000 +9.2% $275 / Sq Ft
05/29/2013 05/29/13 Pending -- -- --
05/17/2013 05/17/13 For Sale $598,000 -- $252 / Sq Ft
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
2025 $9,763 $794,995 $514,856 $280,139
2024 $9,763 $779,408 $504,761 $274,647
2023 $9,577 $764,126 $494,864 $269,262
2022 $9,137 $749,144 $485,161 $263,983
2021 $9,019 $734,456 $475,649 $258,807
2020 $9,108 $727,726 $470,772 $256,954
2019 $8,753 $713,474 $461,542 $251,932
2018 $8,653 $699,501 $452,493 $247,008
2017 $10,027 $816,000 $571,200 $244,800
2016 $8,260 $671,502 $434,923 $236,579
2015 $8,196 $666,046 $428,391 $237,655
2014 $8,244 $653,000 $420,000 $233,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-673393

The MLS

APN: 5424-027-003