NOT LISTED FOR SALE

Estimated Value: $2,270,000 - $3,983,833

6 Beds
4 Baths
3,394 Sq Ft
$962/Sq Ft Est. Value

Last Sold March 12, 2013

Last sale price $1,706,500 $503 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $19,474/month

19 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • No HOA
  • Riviera Elementary School Rated A
  • Private Yard
  • Laundry Room

About This Home

As of March 2013

These type of investment properties rarely come on the market in the Hollywood Riviera. This well-maintained 4-plex is situated in a prime location just a short walk to the Riviera Village and the beach. The property has two 2-bedroom/1 bath units that are approximately 930 sq ft each, both of which have ocean views, and two 1-bedroom/1 bath units that are approximately 750 sq ft each, one of which has ocean views. Each unit has its own one car garage parking plus one spot in front of the garage and every unit has laundry inside each unit. The property has had many upgrades over the years including copper plumbing in all units (approx 7 yrs old), vinyl windows in all units (approx. 5 yrs old), newer roof (approx 8 yrs old), and newer exterior paint (approx 5 yrs old). The lower level 2 bedroom unit was originally an owner-occupied unit and has since been upgraded with new interior paint, varnished hardwood floors and crown mouldings. All units, except for the owner's unit are currently occupied with long-term tenants. The interior photos for this listing are that of the owner's lower level 2 bedroom unit. The complex also has a large grassy backyard and patio area.

Last Agent to Sell the Property

Igor Nastaskin

Estate Properties License #01317822 Listed on: 01/30/2013

Estate Properties

Last Buyer's Agent

Stephen Lampe

Re/Max Commercial & Investment License #01164364

Re/Max Commercial & Investment

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,474

Year Built

  • Built in 1954

Lot Details

  • 7,801 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Private Yard

Parking

  • 4 Car Garage

Property Views

  • Ocean
  • Neighborhood

Home Design

  • 3,394 Sq Ft Home
  • Property Attached
  • Asphalt Roof

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 10300
  • Assessor Parcel Number 7514002010

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,465
  • Insurance Expense $2,580
  • Maintenance Expense $9,301
  • Trash Expense $2,537
  • Water Sewer Expense $1,500
  • New Taxes Expense $2,498
  • Gross Income $4,300
  • Net Operating Income $31,656

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,474

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Gardener Expense: 1465.00
  • Parcel Number: 7514002010
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Wood
  • Levels: Two
  • Price Per Square Foot: 502.80

Exterior Features

  • View: Neighborhood, Ocean
  • Pool Private: No
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Inside
  • Trash Expense: 2537.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Lot Features: Rectangular Lot, Lot 6500-9999, Yard
  • Lot Size Sq Ft: 7801.00
  • Lot Size Acres: 0.1790

Multi Family

  • Average1 Bed Area: 750
  • Average2 Bed Area: 930
  • Gross Income: 4300.00
  • Gross Scheduled Income: 51600.00
  • Insurance Expense: 2580.00
  • Lot Size Area: 7801.0000 Square Feet
  • Maintenance Expense: 9301.00
  • Net Operating Income: 31656.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 19944.00
  • Operating Expense Percent: 38.00
  • Other Income Description: Gross Income is for 3 units
  • Rent Control: No
  • Total Actual Rent: 4300.00

Tax Info

  • New Taxes Expense: 2498.00
  • Tax Lot: 22
  • Tax Tract Number: 10300
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2013
Closed on
Feb 25, 2013
Sold by
Mandel Ignaz Nick and The Victoria E Yorntow Declara
Bought by
Bluewing Ventures Llc
Seller's Agent
Igor Nastaskin
Estate Properties
Buyer's Agent
Stephen Lampe
Re/Max Commercial & Investment
List Price
$1,650,000
Sold Price
$1,706,500
Premium/Discount to List
$56,500
3.42%
Current Estimated Value
$3,199,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,493,007
Avg. Annual Appreciation
4.82%

Purchase Details

Closed on
Oct 26, 2011
Sold by
Yomtow Victoria E and Yomtow Declaration Victoria E
Bought by
Yomtow Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,500
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2011
Sold by
Mastrangelo Belinda Eskenazi
Bought by
Yomtow Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,500
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2011
Sold by
Mastrangelo Francis J
Bought by
Mastrangelo Belinda Eskenazi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,500
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2007
Sold by
Eskenazi Joseph C and Eskenazi Victoria F
Bought by
Mastrangelo Belinda Eskenazi

Purchase Details

Closed on
May 3, 1995
Sold by
Eskenazi Joseph C
Bought by
Eskenazi Joseph C and Eskenazi Victoria F
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
Bluewing Ventures Llc $1,706,500 Lawyers Title
Yomtow Victoria -- Lawyers Title
Yomtow Victoria $250,000 Lawyers Title
Mastrangelo Belinda Eskenazi -- None Available
Mastrangelo Belinda Eskenazi -- Civic Center Title Svcs Inc
Eskenazi Joseph C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yomtow Victoria $254,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2013 03/12/13 Sold $1,706,500 +3.4% $503 / Sq Ft
02/18/2013 02/18/13 Pending -- -- --
01/30/2013 01/30/13 For Sale $1,650,000 -- $486 / 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 $23,474 $2,101,421 $1,454,804 $646,617
2024 $23,474 $2,060,218 $1,426,279 $633,939
2023 $23,038 $2,019,822 $1,398,313 $621,509
2022 $22,734 $1,980,219 $1,370,896 $609,323
2021 $22,484 $1,941,392 $1,344,016 $597,376
2019 $21,833 $1,883,810 $1,304,152 $579,658
2018 $21,243 $1,846,874 $1,278,581 $568,293
2016 $20,319 $1,775,159 $1,228,933 $546,226
2015 $19,883 $1,748,496 $1,210,474 $538,022
2014 $19,363 $1,714,246 $1,186,763 $527,483
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV13012676

California Regional Multiple Listing Service (CRMLS)

APN: 7514-002-010