NOT LISTED FOR SALE

Estimated Value: $1,190,000 - $1,654,000

4 Beds
4 Baths
2,000 Sq Ft
$743/Sq Ft Est. Value

Last Sold June 23, 2021

Last sale price $1,266,525 $633 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,932/month

12 Days on Market

Highlights

  • Wood Flooring
  • 4 Car Attached Garage
  • Bungalow
  • Eagle Rock Elementary School Rated A-
  • Double Pane Windows
  • Laundry closet

About This Home

As of June 2021

Property was Ellis Act on Feb 2020 to be converted as T.I.C. units. 4-unit property located in a great residential area of Eagle Rock within short distance to restaurants, cafes and shops on Colorado Blvd. Completely detached 1bd-1ba 500 sqft Spanish style houses (no common wall). 4 x 1-car garage at the back of the driveway currently used as storage (plenty of parking in the street). Perfectly maintained (recent roof foam insulation, new windows, EQ retrofitted, new driveway) and manicured landscape. One unit is vacant and being remodeled (expected to be completed by May 10th). Another unit will become vacant and ready for renovation by mid-May. The 2 other units are still occupied by current tenants paying $1400 & $1900/mo + 1 garage separately rented for $200/mo. One of these occupied units was remodeled in 2018 (see photos). Ellis Act fees and Tenant relocation assistances already taken care of. Complete the renovation and expect to sell each house as T.I.C unit for $440k-$470k. This property could also be a great opportunity for owner & his extended family occupying all units. Located within the acclaimed Eagle Rock school district and less than a mile from Occidental College. No sign on property. Do not disturb tenants or walk on property.

Last Agent to Sell the Property

Cyril Saelens

Keller Williams Realty Los Feliz License #02037404 Listed on: 04/20/2021

Keller Williams Realty Los Feliz

Last Buyer's Agent

Howard Li

Swofe Realty License #01893884

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,561

Year Built

  • Built in 1924

Lot Details

  • 7,204 Sq Ft Lot
  • Lot Dimensions are 60x120
  • South Facing Home
  • Sprinklers on Timer

Parking

  • 4 Car Attached Garage

Home Design

  • Quadruplex
  • Bungalow
  • Raised Foundation

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Wood Flooring

Kitchen

  • Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Utilities

  • Heat Pump System
  • Property is located within a water district

Listing and Financial Details

  • Tenant pays for cable TV, electricity, trash collection, gas
  • The owner pays for water, gardener
  • Assessor Parcel Number 5685-013-011

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,561

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 2000
  • Lot Dimensions: 60x120
  • Price Per Unit: 325000.00
  • Year Built: 1924
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Number Dishwasher: 4
  • Number Disposal: 4
  • Number Drapes: 4
  • Number Range: 4
  • Number Refrigerator: 4
  • Flooring: Hardwood
  • Appliances: Cooktop - Gas, Oven
  • Bedrooms: 4
  • Laundry: Laundry Closet Stacked
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Gas Or Electric Dryer Hookup, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 649.50
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Construction: Hard Coat
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Patio: Concrete Slab
  • Paved: Yes
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Covered Parking: 4
  • Number Rented Garages: 4
  • Parking Garage: Garage Is Detached
  • Total Parking: 4

Utilities

  • Cooling: Ceiling Fan, Air Conditioning
  • Heating: Heat Pump
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Water Meters: 1
  • Sewer: In Connected and Paid
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Sprinklers: Sprinkler System, Sprinkler Timer
  • Assessor Parcel Number: 5685-013-011
  • Lot Size Area: 7204

Rental Info

  • Number Leased: 4
  • Total Actual Rent: 5570.00
  • Land Lease Type: Fee
  • Owner Pays: Water, Gardener
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity, Trash Collection, Gas

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 19.43
  • Number Of Units: 4
  • Number Wall A C: 4
  • Rent Control: 100
  • Total Annual Expense: 20258
  • Type Of Units: Fourplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2021
Closed on
Jun 18, 2021
Sold by
Li Howard Ming Fai
Bought by
Fung Patricia Hou Siem
Seller's Agent
Cyril Saelens
Keller Williams Realty Los Feliz
Buyer's Agent
Howard Li
Swofe Realty
List Price
$1,299,000
Sold Price
$1,266,525
Premium/Discount to List
-$32,475
-2.5%
Current Estimated Value
$1,423,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,541
Avg. Annual Appreciation
3.94%
Original Mortgage
$945,000
Outstanding Balance
$857,441
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$628,100

Purchase Details

Listed on
Apr 20, 2021
Closed on
Jun 4, 2021
Sold by
Saelens Cyril and Saelens Marianne
Bought by
Fung Patricia Hou Siem
Seller's Agent
Cyril Saelens
Keller Williams Realty Los Feliz
Buyer's Agent
Howard Li
Swofe Realty
List Price
$1,299,000
Sold Price
$1,266,525
Premium/Discount to List
-$32,475
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Outstanding Balance
$857,441
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$628,100

Purchase Details

Listed on
Mar 26, 2019
Closed on
Apr 4, 2019
Sold by
Tamborrino Family Trust
Bought by
Saelens Cyril and Saelens Marianne
Seller's Agent
Nate Riso
Riso Real Estate
Buyer's Agent
Nate Riso
Riso Real Estate
List Price
$1,250,000
Sold Price
$1,125,000
Premium/Discount to List
-$125,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.72%
Original Mortgage
$880,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2004
Sold by
Tamborrino Paul and Tamborrino Family Trust
Bought by
Tamborrino Paul and Tamborrino Family Survivors Tr

Purchase Details

Closed on
Oct 8, 1997
Sold by
Tamborrino Paul and Tamborrino Alice E
Bought by
Tamborrino Paul and Tamborrino Alice E
Source: Public Records

Range of Values:

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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
Fung Patricia Hou Siem -- Fidelity National Title
Fung Patricia Hou Siem $1,267,000 Fidelity National Title
Saelens Cyril $1,125,000 Clearmark Title Company
Tamborrino Paul -- --
Tamborrino Paul -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fung Patricia Hou Siem $945,000
Previous Owner Saelens Cyril $880,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2021 06/23/21 Sold $1,266,525 -2.5% $633 / Sq Ft
05/02/2021 05/02/21 Pending -- -- --
04/20/2021 04/20/21 For Sale $1,299,000 +15.5% $650 / Sq Ft
05/08/2019 05/08/19 Sold $1,125,000 -10.0% $563 / Sq Ft
03/31/2019 03/31/19 Pending -- -- --
03/26/2019 03/26/19 For Sale $1,250,000 -- $625 / 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 $16,561 $1,370,925 $541,216 $829,709
2024 $16,561 $1,344,045 $530,604 $813,441
2023 $16,241 $1,317,692 $520,200 $797,492
2022 $15,487 $1,291,855 $510,000 $781,855
2021 $14,040 $1,159,387 $747,161 $412,226
2020 $14,183 $1,147,500 $739,500 $408,000
2019 $989 $49,177 $25,688 $23,489
2018 $877 $48,214 $25,185 $23,029
2017 $861 $47,270 $24,692 $22,578
2016 $819 $46,344 $24,208 $22,136
2015 $811 $45,649 $23,845 $21,804
2014 $843 $44,755 $23,378 $21,377
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-721416

The MLS

APN: 5685-013-011