NOT LISTED FOR SALE

2300 Lake View Ave Los Angeles, CA 90039

Estimated Value: $1,662,000 - $2,202,730

5 Beds
4 Baths
3,030 Sq Ft
$642/Sq Ft Est. Value

Last Sold August 26, 2021

Last sale price $1,329,500 $439 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $12,560/month

41 Days on Market

Highlights

  • Primary Bedroom Suite
  • All Bedrooms Downstairs
  • Living Room with Fireplace
  • John Marshall Senior High Rated A
  • View of Hills
  • Wood Flooring

About This Home

As of August 2021

MAJOR PRICE DROP! SELLER VERY MOTIVATED! Contemporary duplex with great views in fantastic location in the Silver Lake Hills. Unassuming facade belies a large contemporary duplex with ample parking, storage and views! Rare value opportunity to own a huge income duplex property nestled on a coveted Silver Lake street with open air views on a nearly 6000 sq ft lot. Lower unit is 2 bedrooms, 2 bathrooms with bonus office/studio space. Upper unit is a spacious and bright 3 bedroom, 2 bathrooms, each unit with their own laundry hookups and large patios. Recently remodeled with hardwood floors throughout. Building comes with 2 individual garages, large storage space, common laundry room, common hallway and lovely terraced gardening space. Great location with close proximity to the 365 Whole Foods' market, Silver Lake Reservoir, DTLA and Elysian Park, as well as convenient 101/5/2 commute access. Over 5 cap and 13.97 GRM at market rents. Property is not subject to LA City rent control. Great value for a highly desired area. Drive by only.

Last Agent to Sell the Property

Will Tiao

The Collective Realty License #01918965 Listed on: 06/16/2021

Last Buyer's Agent

Andrew Lee

Andrew C. Lee License #01046440

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,562

Year Built

  • Built in 1991

Lot Details

  • 5,716 Sq Ft Lot
  • East Facing Home

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Bungalow
  • Turnkey
  • Spanish Tile Roof

Interior Spaces

  • 3,030 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Wood Flooring
  • Views of Hills

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • 4 Bathrooms
  • Low Flow Toliet
  • Bathtub with Shower
  • Low Flow Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Living Room Balcony

Utilities

  • Central Heating and Cooling System
  • Central Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, gardener
  • Assessor Parcel Number 5440-020-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,562

Year Built

Built in 1991

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: Two
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Contact listing agent Will Tiao at 323.363.1096 for more information. Contemporary duplex with great views in fantastic location in the Silver Lake Hills. Rare value opportunity to own a huge income duplex property nestled on a coveted Silver Lake street with open air views on a nearly 6000 sq ft lot. Lower unit is 2 bed/2 baths with bonus office/studio space. Upper unit is a spacious and bright 3 beds/2 bathss, each unit with their own laundry hookups and large patios. Recently remodeled with hardwood floors throughout. Building comes with 2 garages, large storage space, common laundry room and lovely terraced gardening space. Great location with close proximity to the 365 Whole Foods' market, Silver Lake Reservoir, DTLA and Elysian Park, as well as convenient 101/5/2 access. Over 6 cap and 13.04 GRM at market rents. Property is not subject to LA City rent control. Drive by only.
  • Alley: No
  • Entry Location: Top Level
  • Living Area: 3030
  • Probate: No
  • Stories: 3
  • Year Built: 1991
  • Number Of Photos: 28
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Laundry - Closet Stacked, Turnkey, Storage Space, Recessed Lighting, Drywall Walls
  • Number Carpet: 0
  • Number Dishwasher: 2
  • Number Disposal: 2
  • Number Range: 2
  • Number Refrigerator: 2
  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Appliances: Cooktop - Gas, Microwave, Oven-Gas, Range Hood
  • Bedrooms: 5
  • Bedroom Features: All Bedrooms Down, Master Suite, WalkInCloset
  • Common Walls: Attached
  • Bathroom Features: Fiberglass Shower Enclosure, Low Flow Shower(s), Low Flow Toilet(s), Remodeled, Shower and Tub, Tile
  • Kitchen Features: Granite Counters
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 460.40

Exterior Features

  • Direction Faces: East
  • Other Structures: None
  • Tennis Court Y/N: No
  • Number Patio: 2
  • Patio: Balcony, Living Room Balcony, Living Room Deck Attached
  • Paved: Yes
  • Pool: No
  • Roof: Spanish Tile
  • Spa Yn: No
  • View: Hills
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 2
  • Covered Parking: 2
  • Number Rented Garages: 2
  • Parking Garage: Driveway - Concrete, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Water Meters: 1
  • Sewer: In Connected and Paid
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Value: 350000
  • Assessed Land Value: 830000
  • Assessor Parcel Number: 5440-020-014
  • Lot Size Area: 5716

Rental Info

  • Number Leased: 2
  • Total Actual Rent: 88290.00
  • Owner Pays: Water, Gardener
  • Rent Control: No
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.90
  • Number Of Units: 2
  • Total Annual Expense: 26450
  • Type Of Units: Rental
  • Vacancy Rate: 0%

Tax Info

  • Private Transfer Taxes: No
  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2021
Closed on
Sep 24, 2021
Sold by
Open House Investments Llc
Bought by
Joyo Maintenance Co Ltd
Seller's Agent
Will Tiao
The Collective Realty
Buyer's Agent
Andrew Lee
Andrew C. Lee
List Price
$1,495,000
Sold Price
$1,329,500
Premium/Discount to List
-$165,500
-11.07%
Current Estimated Value
$1,944,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$615,183
Avg. Annual Appreciation
9.68%

Purchase Details

Listed on
Jun 16, 2021
Closed on
Aug 20, 2021
Sold by
Chung Jey Jenq and Chung Kathy C
Bought by
Open House Investments Llc
Seller's Agent
Will Tiao
The Collective Realty
Buyer's Agent
Andrew Lee
Andrew C. Lee
List Price
$1,495,000
Sold Price
$1,329,500
Premium/Discount to List
-$165,500
-11.07%

Purchase Details

Listed on
May 31, 2016
Closed on
Sep 8, 2016
Sold by
Macaluso Abel and Macaluso Edith
Bought by
Chung Jey Jenq and Chung Kathy C
Seller's Agent
Kathleen (Katie) Robertson
Sotheby's International Realty
Buyer's Agent
Will Tiao
The Collective Realty
List Price
$1,269,000
Sold Price
$1,180,000
Premium/Discount to List
-$89,000
-7.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.43%
Original Mortgage
$800,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 31, 2016
Closed on
Aug 26, 2016
Sold by
Taylor Mary M
Bought by
Raylor Adam R
Seller's Agent
Kathleen (Katie) Robertson
Sotheby's International Realty
Buyer's Agent
Will Tiao
The Collective Realty
List Price
$1,269,000
Sold Price
$1,180,000
Premium/Discount to List
-$89,000
-7.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2015
Sold by
Macaluso Abel and Macaluso Edith
Bought by
Macaluso Abel and Macaluso Edith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,300
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2006
Sold by
Allen Chaka and Allen Yolanda
Bought by
Macaluso Abel and Macaluso Edith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,000
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 2005
Sold by
Allen Chaka and Allen Yolanda
Bought by
Allen Chaka and Allen Yolanda

Purchase Details

Closed on
Jul 12, 2004
Sold by
Allen Chaka
Bought by
Allen Chaka and Allen Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2002
Sold by
Allen Yolanda
Bought by
Allen Chaka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,800
Interest Rate
6.99%

Purchase Details

Closed on
Feb 1, 2001
Sold by
Hollombe Bess and The Hollombe Family Trust
Bought by
Allen Chaka and Allen Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,400
Interest Rate
7.12%

Purchase Details

Closed on
Mar 14, 2000
Sold by
Hollombe Bess
Bought by
Hollombe Bess and Hollombe 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
$240,000
Interest Rate
8.22%

Purchase Details

Closed on
Jun 24, 1994
Sold by
Wong Garland and Wong Esther
Bought by
Wong Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
5.25%
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
Joyo Maintenance Co Ltd $1,860,000 Chicago Title Co Com Div
Open House Investments Llc $1,329,500 Old Republic Title Company
Chung Jey Jenq $1,180,000 Lawyers Title
Raylor Adam R -- Lawyers Title
Macaluso Abel -- Timios Inc
Macaluso Abel $880,000 Southland Title Corporation
Allen Chaka -- --
Allen Chaka -- Provident Title Company
Allen Chaka -- American Title Co
Allen Chaka $332,000 Equity Title
Hollombe Bess -- Progressive Title Company
Hollombe Bess $300,000 Progressive Title Company
Wong Kenneth -- Provident Title
Wong Kenneth -- Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Joyo Maintenance Co Ltd $0
Previous Owner Chung Jey Jenq $800,000
Previous Owner Macaluso Abel $548,300
Previous Owner Macaluso Abel $616,000
Previous Owner Allen Chaka $184,500
Previous Owner Allen Chaka $100,000
Previous Owner Allen Chaka $618,000
Previous Owner Allen Chaka $451,800
Previous Owner Allen Chaka $315,400
Previous Owner Hollombe Bess $240,000
Previous Owner Wong Kenneth $308,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2021 08/26/21 Sold $1,329,500 -4.7% $439 / Sq Ft
07/27/2021 07/27/21 Pending -- -- --
07/19/2021 07/19/21 Price Changed $1,395,000 -6.7% $460 / Sq Ft
06/16/2021 06/16/21 For Sale $1,495,000 0.0% $493 / Sq Ft
01/10/2017 01/10/17 Rented $3,650 -3.9% --
01/10/2017 01/10/17 Under Contract -- -- --
01/03/2017 01/03/17 For Rent $3,800 0.0% --
09/12/2016 09/12/16 Sold $1,180,000 -5.5% $389 / Sq Ft
08/15/2016 08/15/16 Pending -- -- --
07/07/2016 07/07/16 Price Changed $1,249,000 -1.6% $412 / Sq Ft
05/31/2016 05/31/16 For Sale $1,269,000 -- $419 / 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 $23,562 $1,973,846 $1,284,061 $689,785
2024 $23,562 $1,935,144 $1,258,884 $676,260
2023 $23,101 $1,897,200 $1,234,200 $663,000
2022 $22,017 $1,860,000 $1,210,000 $650,000
2021 $15,184 $1,265,196 $889,927 $375,269
2020 $15,339 $1,252,224 $880,802 $371,422
2019 $14,727 $1,227,672 $863,532 $364,140
2018 $14,661 $1,203,600 $846,600 $357,000
2016 $12,136 $1,007,135 $583,041 $424,094
2015 $11,826 $980,995 $557,384 $423,611
2014 -- $961,780 $546,466 $415,314
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-749840

The MLS

APN: 5440-020-014