NOT LISTED FOR SALE

2249 Duane St Los Angeles, CA 90039

Silver Lake Neighborhood

Estimated Value: $1,678,000 - $2,577,000

8 Beds
8 Baths
3,546 Sq Ft
$593/Sq Ft Est. Value

Last Sold August 08, 2023

Last sale price $2,265,000 $639 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $13,467/month

87 Days on Market

Highlights

  • Attached Carport
  • Clifford Street Elementary School Rated A-
  • Central Heating and Cooling System

About This Home

As of August 2023

Built in 1927, this investment is 100% occupied and has steady tenants generating a great cash flow with an upside in rents. At this time, all tenants are current with rents.This add value opportunity is perfectly situated near the famous Silver Lake Reservoir, the Meadows, dog park, and many shops and restaurants. with extremely high traffic counts and great visibility.

Last Agent to Sell the Property

Sarah Asaly

The Agency License #02091833 Listed on: 03/13/2023

The Agency

Co-Listed By

Karine Aslanian

The Agency License #01331967

Last Buyer's Agent

Jason Tsai

Presidential Incorporated License #01883843

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 7,535

Parking

  • Attached Carport

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • 7,535 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5422-018-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Lot Acreage: 0.1730
  • Year Built: 1927
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Equipment: Garbage Disposal, Dishwasher, Dryer, Washer, Range/Oven, Refrigerator

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport Attached

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 36.86
  • Assessed Improvement Value: 313815
  • Assessed Land Percent: 63.14
  • Assessed Land Value: 537631
  • Total Assessed Value: 851446
  • Assessor Parcel Number: 5422-018-017
  • Lot Size Area: 7535

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.24
  • Gross Scheduled Income: 173400.00
  • Number Of Units: 4
  • Type Of Units: Multi-Unit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2023
Closed on
Jun 21, 2023
Sold by
Kimoto Ami
Bought by
Chen Andrew
Seller's Agent
Sarah Asaly
The Agency
Buyer's Agent
Jason Tsai
Presidential Incorporated
List Price
$2,295,000
Sold Price
$2,265,000
Premium/Discount to List
-$30,000
-1.31%
Views
27
Current Estimated Value
$2,101,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$163,466
Avg. Annual Appreciation
-2.99%
Original Mortgage
$1,585,000
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2022
Sold by
Country Records Research Inc
Bought by
Nivo-1 Llc

Purchase Details

Closed on
May 3, 2019
Sold by
Nivo I Llc
Bought by
Tonarch I Llc

Purchase Details

Closed on
May 19, 2016
Sold by
Kihagi Anne
Bought by
Nivo-1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2016
Sold by
Nivo-1 Llc
Bought by
Kihagi Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2012
Sold by
Kihagi Anne
Bought by
Nivo 1 Llc

Purchase Details

Closed on
Sep 20, 2011
Sold by
Nivo 1 Llc
Bought by
Kihagi Anne

Purchase Details

Closed on
Jan 6, 2010
Sold by
Cannestra Kathleen and Clifford D Clark Personal Trus
Bought by
Nivo 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2002
Sold by
Clark Clifford D
Bought by
Clark Clifford D and The Clifford D Clark Personal Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chen Andrew $2,265,000 Western Resources Title
Nivo-1 Llc -- Orange Coast Title
Tonarch I Llc -- None Available
Nivo-1 Llc -- None Available
Kihagi Anne -- North American Title Co Inc
Nivo 1 Llc -- None Available
Kihagi Anne -- None Available
Nivo 1 Llc $700,000 Fidelity National Title Co
Clark Clifford D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Andrew $1,585,000
Previous Owner Kihagi Anne $960,000
Previous Owner Nivo 1 Llc $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2023 08/08/23 Sold $2,265,000 -1.3% $639 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
03/13/2023 03/13/23 For Sale $2,295,000 -- $647 / Sq Ft
Source: The MLS

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 $27,770 $2,310,300 $1,122,000 $1,188,300
2024 $27,770 $2,265,000 $1,100,000 $1,165,000
2023 $27,511 $2,244,000 $1,570,800 $673,200
2022 $11,285 $851,446 $537,631 $313,815
2021 $10,362 $1,442,793 $865,676 $577,117
2020 $11,109 $826,194 $521,686 $304,508
2019 $10,057 $809,995 $511,457 $298,538
2018 $9,958 $794,114 $501,429 $292,685
2016 $9,483 $763,280 $481,959 $281,321
2015 $9,348 $751,816 $474,720 $277,096
2014 $9,399 $737,090 $465,421 $271,669
Source: Public Records

Agents Affiliated with this Home

  • Sarah Asaly

    Seller's Agent in 2023

    Sarah Asaly

    The Agency

    (424) 230-3700

    1 in this area

    14 Total Sales

    Sarah Asaly
    Section Image
  • Karine Aslanian

    Seller Co-Listing Agent in 2023

    Karine Aslanian

    The Agency

    (424) 230-3700

    1 in this area

    17 Total Sales

    Karine Aslanian
    Section Image

  • J

    Buyer's Agent in 2023

    Jason Tsai

    Presidential Incorporated

    (949) 654-2626

    1 in this area

    1 Total Sale

    Jason Tsai
    Section Image
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Map

Source: The MLS

MLS Number: 23-250619

The MLS

APN: 5422-018-017

California Los Angeles County Los Angeles 90026 Silver Lake

2249 Duane St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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