NOT LISTED FOR SALE

Estimated Value: $2,340,000 - $3,356,000

7 Beds
4 Baths
5,347 Sq Ft
$546/Sq Ft Est. Value

Last Sold June 09, 2023

Last sale price $2,750,000 $514 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $18,261/month

35 Days on Market

Highlights

  • Mediterranean Architecture
  • 4 Car Detached Garage
  • Central Heating
  • Third Street Elementary School Rated A

About This Home

As of June 2023

Incredible Opportunity for Owner/Users, Mutltiple Generations or Investors to own a Trophy, 3-unit property! Welcome to a handsome 1920s Mediterranean residential income property in Hancock Park that boasts large scale rooms, beautiful quarter sawn hardwood floors, beamed ceilings and period details throughout. Each unit feels like a real home.The upstairs unit features a dramatic Saltillo tile entry, a living room with soaring ceilings, a dramatic fireplace, built -ins and exposure from three directions. The generous dining room acesses a large, remodeled kitchen. There are three bedrooms and two and a half bathrooms. The large primary suite is located at the rear and has closet space galore plus a light filled bathroom.The downstairs unit is the original floor plan with three bedrooms, two bathrooms with a charming original kitchen, butler's panty and breakfast nook. Additionally, there is a brand new, fully permitted ADU above the four-car carport. All units are currently VACANT! Located near Larchmont Village, this property is a wonderful single-family home or condo alternative. Few properties are this special in terms of style, space and location! A few short blocks to Republique, Sugar Fish, Trader Joe's, Ralphs, the Grove and world class shopping!

Last Agent to Sell the Property

Anne Loveland

Coldwell Banker Realty License #01467820 Listed on: 04/13/2023

Coldwell Banker Realty

Co-Listed By

Sue Carr

Coldwell Banker Realty License #00888374

Last Buyer's Agent

Barry Gray

Compass License #01358622

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,249

Year Built

  • Built in 1926

Lot Details

  • 7,291

Home Design

  • Duplex
  • Mediterranean Architecture
  • Tile Roof
  • Composition Roof

Interior Spaces

  • 5,347 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Detached Garage
  • Carport

Utilities

  • Central Heating
  • Floor Furnace
  • Gravity Heating System
  • Sewer in Street

Additional Features

  • 7,291 Sq Ft Lot
  • Accessory Dwelling Unit (ADU)

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • The owner pays for gardener
  • Assessor Parcel Number 5513-025-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,249

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mediterranean
  • Street Number Display: Yes
  • Living Area: 5347
  • Lot Acreage: 0.1674
  • Probate: No
  • Stories: 2
  • Year Built: 1926
  • Number Of Photos: 55
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 561.06

Exterior Features

  • Other Structures: Accessory Dwelling Unit
  • Pool: No
  • Roof: Composition, Tile
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Carport, Detached
  • Total Parking: 4

Utilities

  • Heating: Central, Floor Furnace, Gravity
  • Sewer: In Street

Lot Info

  • Assessed Improvement Percent: 68.66
  • Assessed Improvement Value: 172003
  • Assessed Land Percent: 31.34
  • Assessed Land Value: 78523
  • Total Assessed Value: 250526
  • Assessor Parcel Number: 5513-025-012
  • Lot Size Area: 7291

Rental Info

  • Owner Pays: Gardener
  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Duplex + ADU
  • Vacancy Rate: All

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2024
Sold by
Chandler Pecan Orchard Llc
Bought by
Archduchy Vonwillisburg Llc
Current Estimated Value
$2,917,506

Purchase Details

Listed on
Apr 13, 2023
Closed on
May 30, 2023
Sold by
Mckinley Family Revocable Trust
Bought by
Chandler Pecan Orchard Llc
Seller's Agent
Anne Loveland
Coldwell Banker Realty
Buyer's Agent
Barry Gray
Compass
List Price
$3,000,000
Sold Price
$2,750,000
Premium/Discount to List
-$250,000
-8.33%
Views
74

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.69%

Purchase Details

Closed on
Aug 2, 1995
Sold by
Mckinley Royce B and Mckinley Anne B
Bought by
Mckinley Royce B
Source: Public Records

Range of Values:

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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
Archduchy Vonwillisburg Llc -- None Listed On Document
Chandler Pecan Orchard Llc $2,750,000 Equity Title
Mckinley Royce B -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2023 06/09/23 Sold $2,750,000 -8.3% $514 / Sq Ft
05/18/2023 05/18/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $3,000,000 0.0% $561 / Sq Ft
12/20/2018 12/20/18 Rented $5,400 0.0% --
12/17/2018 12/17/18 Under Contract -- -- --
12/12/2018 12/12/18 For Rent $5,400 +12.5% --
05/26/2017 05/26/17 Rented $4,800 0.0% --
05/22/2017 05/22/17 For Rent $4,800 -- --
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 $34,249 $2,861,100 $2,184,840 $676,260
2024 $34,249 $2,805,000 $2,142,000 $663,000
2023 $3,582 $255,536 $80,093 $175,443
2022 $3,435 $250,526 $78,523 $172,003
2021 $3,362 $245,615 $76,984 $168,631
2019 $3,269 $238,331 $74,701 $163,630
2018 $3,171 $233,659 $73,237 $160,422
2016 $2,982 $224,588 $70,394 $154,194
2015 $2,942 $221,215 $69,337 $151,878
2014 $2,965 $216,882 $67,979 $148,903
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-260057

The MLS

APN: 5513-025-012