NOT LISTED FOR SALE

Estimated Value: $2,182,580

3 Beds
3 Baths
2,308 Sq Ft
$946/Sq Ft Est. Value

Last Sold January 24, 2020

Last sale price $1,880,000 $815 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $13,412/month

233 Days on Market

Highlights

  • Air Conditioning
  • Franklin Avenue Elementary Rated A-
  • Central Heating

About This Home

As of January 2020

Rare live/work combo you've been waiting for! Both units delivered vacant! Located in a high foot traffic area of Silver Lake this property consists of 2 detached units on a street to street lot. The back unit is an energy efficient 3BR/2BA single family home- all newly renovated with those tasteful details we love and want. The front and back units are separated by a generously sized parking pad that can accommodate up to 6 vehicles. We can't help but maximize your business' exposure because everyone passing by is going to want to see what's going on behind those massive floor to ceiling storefront windows! High ceilings and open floor plan allow customizing the space to your business needs easy. All of this with the bonus addition of being located in the Ivanhoe Elementary and John Marshall Senior High school district. A must see!

Last Agent to Sell the Property

Paresh Lal

Integrity Realtors Inc. License #01239876 Listed on: 06/03/2019

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 4,942 Sq Ft Lot

Home Design

  • 2,308 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Parking Spaces
  • Driveway

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5433-017-013

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

4,942 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2308
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 866.55

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 103177
  • Assessed Land Value: 250394
  • Assessor Parcel Number: 5433-017-013
  • Geocode Override: No
  • Lot Size Area: 4942

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: commercial

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2019
Closed on
Dec 16, 2019
Sold by
Otto Capital Investments Inc
Bought by
Ramarim Llc
Seller's Agent
Paresh Lal
Integrity Realtors Inc.
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$2,150,000
Sold Price
$1,880,000
Premium/Discount to List
-$270,000
-12.56%
Current Estimated Value
$2,182,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,580
Avg. Annual Appreciation
2.46%

Purchase Details

Closed on
Jul 20, 2017
Sold by
Hartman Douglas E and Hartman Roberta
Bought by
Otto Capital Investments Inc

Purchase Details

Closed on
Aug 4, 2004
Sold by
Hartman Doug and Hartman Roberta
Bought by
Hartman Douglas E and Hartman Roberta

Purchase Details

Closed on
Jun 5, 1998
Sold by
Millang Steven H and Millang Rosa V
Bought by
Hartman Doug

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
7.11%
Mortgage Type
Commercial

Purchase Details

Closed on
May 12, 1998
Sold by
Hartman Roberta
Bought by
Hartman Doug

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
7.11%
Mortgage Type
Commercial
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
Ramarim Llc $1,880,000 Equity Title Los Angeles
Otto Capital Investments Inc $1,250,000 Lawyers Title Company
Hartman Douglas E -- --
Hartman Doug $257,000 Progressive Title
Hartman Doug -- Progressive Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hartman Doug $167,000
Closed Hartman Doug $38,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2020 01/24/20 Sold $1,880,000 0.0% $815 / Sq Ft
12/31/2019 12/31/19 Off Market $1,880,000 -- --
09/12/2019 09/12/19 Price Changed $1,999,999 -2.4% $867 / Sq Ft
08/04/2019 08/04/19 Price Changed $2,049,000 -4.7% $888 / Sq Ft
07/30/2019 07/30/19 Price Changed $2,149,000 +4.9% $931 / Sq Ft
07/29/2019 07/29/19 Price Changed $2,049,000 -4.7% $888 / Sq Ft
07/23/2019 07/23/19 For Sale $2,150,000 +14.4% $932 / Sq Ft
07/15/2019 07/15/19 Off Market $1,880,000 -- --
06/03/2019 06/03/19 For Sale $2,150,000 -- $932 / 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 $24,667 $2,056,050 $1,640,468 $415,582
2024 $24,667 $2,015,736 $1,608,302 $407,434
2023 $24,187 $1,976,213 $1,576,767 $399,446
2022 $23,059 $1,937,464 $1,545,850 $391,614
2021 $22,782 $1,899,476 $1,515,540 $383,936
2020 $16,063 $1,300,500 $1,040,400 $260,100
2019 $15,428 $1,275,000 $1,020,000 $255,000
2018 $15,323 $1,250,000 $1,000,000 $250,000
2016 $4,465 $346,639 $245,485 $101,154
2015 $4,404 $341,433 $241,798 $99,635
2014 $4,425 $334,746 $237,062 $97,684
Source: Public Records

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Map

Source: The MLS

MLS Number: 19-473678

The MLS

APN: 5433-017-013

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