NOT LISTED FOR SALE

Estimated Value: $883,000 - $1,158,000

2 Beds
2 Baths
1,435 Sq Ft
$747/Sq Ft Est. Value

Last Sold March 29, 2021

Last sale price $846,600 $590 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,788/month

2 Days on Market

Highlights

  • City Lights View
  • No HOA
  • Concrete Porch or Patio
  • Traditional Architecture

About This Home

As of March 2021

Attention all Developers and Rehabbers, great opportunity for a remodeled duplex and or a scrape and development deal, this Duplex on an eight thousand square foot lot in prime Silver Lake location, close to DTLA and Echo Park. Cash Buyers only, this is a fixer and will need to be completely redone and or developed. Huge opportunity to potentially add units and or and ADU. Lots of potential here and a large lot to add more value. Use extreme caution when entering property as unit is full of items.

Last Agent to Sell the Property

Chris Evans

Centennial Realty Group License #01431563 Listed on: 03/17/2021

Co-Listed By

Randy Conrad

Patron Realty Group License #01265321

Last Buyer's Agent

Chris Evans

Centennial Realty Group License #01431563 Listed on: 03/17/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,058

Year Built

  • Built in 1925

Lot Details

  • 8,000 Sq Ft Lot
  • 1 Common Wall
  • Lot Sloped Down

Home Design

  • Duplex
  • Traditional Architecture
  • Major Repairs Completed
  • Fixer Upper

Interior Spaces

  • 1,435 Sq Ft Home
  • City Lights Views

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Gravel Driveway

Additional Features

  • Concrete Porch or Patio
  • Sewer Paid

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 9 / 1
  • Tax Tract Number 2085
  • Assessor Parcel Number 5157012009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,058

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Structure Type: Duplex
  • Assessments: Yes
  • Other Phone Description: Owner cell phon
  • Other Phone Number: 661-753-7528
  • Property Attached: Yes
  • View: Yes
  • Zoning: LARD2
  • Architectural Style: Traditional
  • Property Condition: Fixer, Repairs Major
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 5157012009
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1435.00 Square Feet
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 589.97
  • Room Type: Master Bedroom

Exterior Features

  • Patio: Yes
  • View: City Lights
  • Patio And Porch Features: Concrete
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sloped Down
  • Lot Size: 8000
  • Lot Size Sq Ft: 8000.00
  • Lot Size Acres: 0.1837

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8000.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 2085.01
  • Tax Lot: 9
  • Tax Tract Number: 2085

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2021
Closed on
May 15, 2021
Sold by
City Real Estate Holdings Llc
Bought by
216 N Park View Llc
Seller's Agent
Chris Evans
Centennial Realty Group
Buyer's Agent
Chris Evans
Centennial Realty Group
List Price
$799,000
Sold Price
$846,600
Premium/Discount to List
$47,600
5.96%
Current Estimated Value
$1,071,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,772
Avg. Annual Appreciation
5.08%

Purchase Details

Listed on
Mar 17, 2021
Closed on
Mar 23, 2021
Sold by
Patriot Holdings Llc
Bought by
City Real Estate Holdings Llc
Seller's Agent
Chris Evans
Centennial Realty Group
Buyer's Agent
Chris Evans
Centennial Realty Group
List Price
$799,000
Sold Price
$846,600
Premium/Discount to List
$47,600
5.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$710,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 17, 2021
Closed on
Feb 12, 2021
Sold by
Montes Henry
Bought by
Patriot Holdings Llc
Seller's Agent
Chris Evans
Centennial Realty Group
Buyer's Agent
Chris Evans
Centennial Realty Group
List Price
$799,000
Sold Price
$846,600
Premium/Discount to List
$47,600
5.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$710,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2018
Sold by
Montes Henry
Bought by
Montes Henry and The Oh Henry Has A Living Trus

Purchase Details

Closed on
Feb 1, 2018
Sold by
Montes Ofelia
Bought by
Montes Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,000
Interest Rate
3.95%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 1, 2004
Sold by
Montes Jose R
Bought by
Montes Jose R and Montes Ofelia
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
216 N Park View Llc -- Accommodation
City Real Estate Holdings Llc $847,000 Orange Coast Title
Patriot Holdings Llc $640,000 Orange Coast Title
Montes Henry -- None Available
Montes Henry $287,500 First American Title Co
Montes Jose R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patriot Holdings Llc $710,000
Previous Owner Montes Henry $303,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2021 03/29/21 Sold $846,600 +6.0% $590 / Sq Ft
03/17/2021 03/17/21 For Sale $799,000 -- $557 / 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 $11,058 $916,385 $552,689 $363,696
2024 $11,058 $898,417 $541,852 $356,565
2023 $10,848 $880,802 $531,228 $349,574
2022 $10,348 $863,532 $520,812 $342,720
2021 $5,837 $473,748 $336,865 $136,883
2020 $4,444 $468,891 $333,411 $135,480
2019 $5,665 $459,698 $326,874 $132,824
2018 $978 $61,354 $45,003 $16,351
2016 $926 $58,973 $43,256 $15,717
2015 $915 $58,088 $42,607 $15,481
2014 $936 $56,951 $41,773 $15,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21055864

California Regional Multiple Listing Service (CRMLS)

APN: 5157-012-009