NOT LISTED FOR SALE

Estimated Value: $3,361,000 - $4,626,000

16 Beds
20 Baths
7,501 Sq Ft
$549/Sq Ft Est. Value

Last Sold January 13, 2023

Last sale price $3,820,000 $509 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $26,494/month

162 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of January 2023

View View View!!! Rare to find Newly Built fourplex with wonderful Views of Downtown and Hollywood Sign and private backyards!!! Built in 2020 and Located in highly desirable Echo Park & Silver Lake Area! Separate Water/Electric/Gas Meter for each unit. Little to No Maintenance expense!!! Each unit has very large and spacious Living Room, Kitchen and bedroom en-suites.

Rare to find Highly upgraded HARDWOOD flooring, stainless steel appliances, tankless water heaters, garages, Quartz stone counters, and customized luxurious bathrooms for all units. Each bedroom has its own separate bathroom. No Sharing!!!! Separate laundry inside each unit. Property is fully gated.

Huge Size 8000 sqft Lot. The front building has 2 units that both include roof top decks, one is a 4 bed 4 1/2 bath and 3 bed 3 1/2 bath. The back building has 2 units with its private backyards, one is a 4 bed 4 1/2 bath and 5 bedroom 5 1/2 bath. Actual Monthly Rent is $18450.00

Last Agent to Sell the Property

Xianghui Zhou

Real Brokerage Technologies License #01981445 Listed on: 07/04/2022

Real Brokerage Technologies

Last Buyer's Agent

Ling Luo

Real Broker License #01989967

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $47,589

Year Built

  • Built in 2020

Lot Details

  • 8,023 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 1 Open Parking Space
  • 7 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 7,501 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 20 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 5 / 1
  • Assessor Parcel Number 5157012005
  • $781 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gross Income $221,400
  • Net Operating Income $221,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$47,589

Year Built

Built in 2020

Lot Details

0

Parking

7

Listing Details

  • Inclusions: Washer/Dryer/Fridge
  • Price Per Unit: 975000
  • Property Attached: Yes
  • Zoning: LARD2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5157012005
  • Year Built: 2020
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: Three Or More
  • Price Per Square Foot: 509.27

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8023.00
  • Lot Size Acres: 0.1842

Multi Family

  • Gross Income: 221400.00
  • Gross Scheduled Income: 221400.00
  • Lot Size Area: 8023.0000 Square Feet
  • Net Operating Income: 221400.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 2085.01
  • Tax Lot: 5
  • TaxOtherAnnualAssessmentAmount: 781.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2022
Closed on
Dec 27, 2022
Sold by
Zhang Xiaodong
Bought by
Sun Jingqing and Chen Hsueh-Jung
Seller's Agent
Xianghui Zhou
Real Brokerage Technologies
Buyer's Agent
Ling Luo
Real Broker
List Price
$3,900,000
Sold Price
$3,820,000
Premium/Discount to List
-$80,000
-2.05%
Views
10
Current Estimated Value
$4,114,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,613
Avg. Annual Appreciation
1.64%

Purchase Details

Listed on
Jun 5, 2020
Closed on
Sep 11, 2020
Sold by
Proper Holdings Llc
Bought by
Zhang Xiaodong
Seller's Agent
Nima Ardabill
Asset Financial Network
Buyer's Agent
Xianghui Zhou
Real Brokerage Technologies
List Price
$3,199,000
Sold Price
$2,880,000
Premium/Discount to List
-$319,000
-9.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.95%
Original Mortgage
$1,728,000
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 5, 2020
Closed on
Aug 2, 2020
Sold by
Si Zhaoqing
Bought by
Zhang Xiaodong
Seller's Agent
Nima Ardabill
Asset Financial Network
Buyer's Agent
Xianghui Zhou
Real Brokerage Technologies
List Price
$3,199,000
Sold Price
$2,880,000
Premium/Discount to List
-$319,000
-9.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,728,000
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 21, 2020
Sold by
Proper Holdings Llc
Bought by
Proper Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 22, 2019
Sold by
New Horizon Asset Investment Group Llc
Bought by
Proper Holding Llc

Purchase Details

Listed on
Jul 31, 2018
Closed on
Aug 21, 2018
Sold by
Avila Gumersindo R
Bought by
New Horizon Asset Investment Group Llc
Seller's Agent
Richard Escamilla
Richard Escamilla
List Price
$850,000
Sold Price
$917,000
Premium/Discount to List
$67,000
7.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.68%

Purchase Details

Closed on
May 1, 2006
Sold by
Avila Gumersindo R and Avila Maura
Bought by
Avila Gumersindo R
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
Sun Jingqing $3,820,000 Fidelity National Title
Zhang Xiaodong $2,880,000 Fidelity National Title Co
Zhang Xiaodong -- Fidelity Natl Ttl Orange Cnt
Proper Holdings Llc -- Chicago Title Company
Proper Holding Llc -- None Available
New Horizon Asset Investment Group Llc $917,000 Stewart Title
Avila Gumersindo R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zhang Xiaodong $1,728,000
Previous Owner Proper Holdings Llc $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2023 01/13/23 Sold $3,820,000 -2.1% $509 / Sq Ft
12/15/2022 12/15/22 Pending -- -- --
07/05/2022 07/05/22 For Sale $3,900,000 +2.1% $520 / Sq Ft
07/04/2022 07/04/22 Off Market $3,820,000 -- --
09/17/2020 09/17/20 Sold $2,880,000 -10.0% $397 / Sq Ft
06/05/2020 06/05/20 For Sale $3,199,000 +248.9% $441 / Sq Ft
09/13/2018 09/13/18 Sold $917,000 +7.9% $703 / Sq Ft
08/14/2018 08/14/18 Pending -- -- --
07/31/2018 07/31/18 For Sale $850,000 -- $652 / 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 $47,589 $3,974,328 $1,586,610 $2,387,718
2024 $47,589 $3,896,400 $1,555,500 $2,340,900
2023 $36,786 $2,996,352 $1,144,440 $1,851,912
2022 $35,079 $2,937,600 $1,122,000 $1,815,600
2021 $34,627 $2,880,000 $1,100,000 $1,780,000
2020 $25,935 $2,096,680 $1,050,000 $1,046,680
2019 $12,010 $917,000 $700,000 $217,000
2018 $3,071 $237,763 $202,901 $34,862
2016 $2,932 $228,532 $195,023 $33,509
2015 $2,891 $225,100 $192,094 $33,006
2014 $2,912 $220,692 $188,332 $32,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS22145803

California Regional Multiple Listing Service (CRMLS)

APN: 5157-012-005