NOT LISTED FOR SALE

2164 La Canada Crest Dr La Canada Flintridge, CA 91011

Estimated Value: $2,052,000 - $2,686,000

4 Beds
8 Baths
4,650 Sq Ft
$522/Sq Ft Est. Value

Last Sold November 20, 2018

Last sale price $1,650,000 $355 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $15,014/month

103 Days on Market

About This Home

As of November 2018

Rare four-plex in prime LaCanada location! Each unit has its own private patio/yard, fireplaces, spacious, lots of natural light, and with spectacular city and mountain views. The building has 4 covered parking spaces, on site laundry, close to the shopping and restaurants, and easy access to the freeway. These units are all extremely under rent, and approximately 100% upside in rents (2 of the tenants have vacated since the listing was taken, and these units are ready to be rented or renovated as soon as escrow closes! The third unit is owner occupied, and will be delivered vacant as well upon close of escrow if buyer desires). Although each unit is only one bedroom, there is a large den in each unit as well with closets in them. All tenants are long term tenants, and all leases are month-to-month. This property is not subject to rent control. Drive by only, and please do not disturb or talk with tenants. Seller intends to do a 1031 Tax Deferred Exchange, and buyer must agree to cooperate at no cost to the buyer. The seller is motivated!

Last Agent to Sell the Property

Kenneth Barnes

Keller Williams Realty World Media Center License #01741555 Listed on: 07/20/2018

Keller Williams Realty World Media Center

Last Buyer's Agent

Levon Alexanian

Keller Williams World Media Center License #00911091

Keller Williams World Media Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,723

Year Built

  • Built in 1963

Lot Details

  • 9,940 Sq Ft Lot
  • Two or More Common Walls

Home Design

  • Quadruplex

Interior Spaces

  • 4,650 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 8 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 20816
  • Assessor Parcel Number 5810016011

Community Details

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Fuel Expense $1,800
  • Insurance Expense $2,000
  • Trash Expense $852
  • Water Sewer Expense $6,000
  • New Taxes Expense $21,600
  • Operating Expense $32,252
  • Gross Income $57,252
  • Net Operating Income $48,532

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,723

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 6000.00
  • Zoning: LFR3*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5810016011
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 354.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • Trash Expense: 852.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 9940.00
  • Lot Size Acres: 0.2282

Multi Family

  • Fuel Expense: 1800.00
  • Gross Income: 57252.00
  • Gross Scheduled Income: 57252.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 9940.0000 Square Feet
  • Net Operating Income: 48532.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Operating Expense: 8720.00
  • Rent Control: No
  • Total Expenses: 32252.00

Tax Info

  • New Taxes Expense: 21600.00
  • Tax Census Tract: 3005.02
  • Tax Lot: 23
  • Tax Tract Number: 20816

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2020
Sold by
Panossian Armen and Panossian Katherine
Bought by
2164 Lc Crest Llc
Current Estimated Value
$2,426,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$981,700
Outstanding Balance
$874,378
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,552,425

Purchase Details

Listed on
Jul 20, 2018
Closed on
Nov 5, 2018
Sold by
Tysor Robert W and The Tysor Family Turst
Bought by
2164 Lc Crest Llc
Seller's Agent
Kenneth Barnes
Keller Williams Realty World Media Center
Buyer's Agent
Levon Alexanian
Keller Williams World Media Center
List Price
$1,800,000
Sold Price
$1,650,000
Premium/Discount to List
-$150,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.91%

Purchase Details

Closed on
Jan 16, 2015
Sold by
Tysor Karen Diane Grube
Bought by
Tysor Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2015
Sold by
Bunt Rawn
Bought by
Bunt La Dorna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2015
Sold by
Tysor Robert W and Bunt La Dorna L
Bought by
Tysor Robert W and Bunt La Dorna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2010
Sold by
Tysor Robert W and Bunt La Dorna L
Bought by
Tysor Robert W and The Tysor Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2010
Sold by
Tysor Karen
Bought by
Tysor Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2004
Sold by
Tysor Robert William
Bought by
Tysor Robert W and The Tysor Family Trust

Purchase Details

Closed on
Jun 23, 2003
Sold by
Tysor Robert William and Tysor Jeffrey Scott
Bought by
Tysor Robert William and Bunt La Dorna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 2003
Sold by
Bunt La Dorna Lynn and Tysor Robert William
Bought by
Tysor Stephen Jonathan

Purchase Details

Closed on
Jan 19, 2001
Sold by
Bunt La Dorna L
Bought by
Bunt La Dorna L and La Dorna L Bunt Trust

Purchase Details

Closed on
Jul 17, 2000
Sold by
Bunt Ladorna Lynn and Groom Robert G
Bought by
Bunt Ladorna L

Purchase Details

Closed on
Oct 2, 1993
Sold by
Groom June M
Bought by
Groom June M and Bunt La Dorna Lynn
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
2164 Lc Crest Llc -- Accommodation
Panossian Armen -- Westminster Title Co Inc
2164 Lc Crest Llc $1,650,000 Chicago Title Company
Tysor Robert W -- Fidelity National Title
Bunt La Dorna L -- Fidelity Natl Title Ins Co
Tysor Robert W -- Fidelity Natl Title Ins Co
Tysor Robert W -- Accommodation
Tysor Robert W -- First American Title Ins Co
Tysor Robert W -- First American Title Ins Co
Tysor Robert W -- First American Title Ins Co
Bunt La Dorna L -- First American Title Ins Co
Tysor Robert W -- --
Tysor Robert William -- Chicago Title Co
Tysor Stephen Jonathan -- --
Bunt La Dorna L -- --
Bunt Ladorna L -- --
Bunt La Dorna L -- --
Groom June M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Panossian Armen $981,700
Previous Owner Tysor Robert W $275,000
Previous Owner Tysor Robert W $245,000
Previous Owner Tysor Robert William $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2018 11/20/18 Sold $1,650,000 -2.4% $355 / Sq Ft
10/25/2018 10/25/18 Price Changed $1,690,000 -3.4% $363 / Sq Ft
09/20/2018 09/20/18 Price Changed $1,750,000 -2.8% $376 / Sq Ft
07/20/2018 07/20/18 For Sale $1,800,000 -- $387 / 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 $20,723 $1,840,601 $1,338,620 $501,981
2024 $20,723 $1,804,512 $1,312,373 $492,139
2023 $20,163 $1,769,131 $1,286,641 $482,490
2022 $19,497 $1,734,443 $1,261,413 $473,030
2021 $19,155 $1,700,435 $1,236,680 $463,755
2019 $18,425 $1,650,000 $1,200,000 $450,000
2018 $5,283 $435,998 $220,941 $215,057
2016 $4,998 $419,069 $212,362 $206,707
2015 $4,903 $412,776 $209,173 $203,603
2014 $4,881 $404,691 $205,076 $199,615
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB18174084

California Regional Multiple Listing Service (CRMLS)

APN: 5810-016-011