$1,215,000
SOLD AUG 11, 2022
6 Beds
4 Baths
2,703 Sq Ft
0.27 Acres

Recently Sold

$450 Per Sq Ft

6% Below List Price

32 Days on Market

Highlights

  • City Lights View
  • 0.27 Acre Lot
  • Traditional Architecture
  • Abraham Lincoln High School Rated A
  • Room in yard for a pool
  • Laundry Room

About This Home

As of August 2022

Four-unit investment property on huge 11,000+ square foot parcel with one unit delivered vacant. Two 2 bedroom + 1 bath units; one 1 bedroom + 1 bath + office (delivered vacant); and, one studio unit. All include washer & dryer inside each unit. Individual gas meters. Three of the units were renovated in 2019. Large front yard; rear yard has ample parking for all units and guests. Located minutes from Dodger Stadium, LA River, Downtown LA, Eagle Rock and trendy Highland Park. Close to Hollywood, Silver Lake and Pasadena. Convenient to public transportation and freeways.

Last Agent to Sell the Property

Aaron Montelongo

Compass License #01298036 Listed on: 06/05/2022

Compass

Co-Listed By

Bret Parsons

Compass License #01418010

Last Buyer's Agent

Jason Tsai

Pellego, Inc. License #02068481

Pellego, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,484

Year Built

  • Built in 1895

Lot Details

  • 0.27 Acre Lot
  • East Facing Home
  • Fenced
  • Back and Front Yard

Property Views

  • City Lights
  • Hills

Home Design

  • Quadruplex
  • Traditional Architecture
  • Stucco

Interior Spaces

  • 2,703 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 10 Parking Spaces
  • Driveway
  • Guest Parking
  • On-Street Parking
  • Uncovered Parking

Pool

  • Room in yard for a pool

Utilities

  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • 4 Units
  • Vacancy Allowance $2,300

Listing and Financial Details

  • Assessor Parcel Number 5453-014-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,484

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2703
  • Lot Acreage: 0.2711
  • Probate: No
  • Stories: 2
  • Year Built: 1895
  • Number Of Photos: 37
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 3
  • Number Disposal: 4
  • Number Range: 4
  • Number Refrigerator: 4
  • Flooring: Mixed
  • Bedrooms: 6
  • Common Walls: Attached
  • Kitchen Features: Remodeled
  • Laundry: In Unit, Inside, Laundry Area, Laundry Closet Stacked
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Equipment: Washer, Dryer, Range/Oven, Refrigerator, Ceiling Fan, Dishwasher
  • Price Per S Q F T: 479.10

Exterior Features

  • Direction Faces: East
  • Construction: Stucco
  • Other Structures: None
  • Number Patio: 2
  • Pool Description: Room For
  • Pool: No
  • Spa Yn: No
  • View: City Lights, Hills, Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Uncovered, Parking for Guests - Onsite, Parking for Guests, Oversized, On street, Driveway
  • Total Parking: 10

Utilities

  • Electric Expense: 60.00
  • Heating: Wall Gas
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Sewer: In Street
  • Water: In Street
  • Water Expense: 1404.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 2000.00
  • Maintenance Expense: 1500.00

Lot Info

  • Assessed Improvement Percent: 29.48
  • Assessed Improvement Value: 224088
  • Assessed Land Percent: 70.52
  • Assessed Land Value: 536101
  • Total Assessed Value: 760189
  • Assessor Parcel Number: 5453-014-008
  • Lot Description: Back Yard, Fenced, Front Yard, Sidewalks, Single Lot, Yard
  • Lot Size Area: 11811

Rental Info

  • Total Actual Rent: 84363.00
  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.35
  • Number Of Units: 4
  • Total Annual Expense: 15315
  • Type Of Units: 4-plex
  • Vacancy Allow: 2300
  • Vacancy Rate: 2300

Tax Info

  • Tax Expense: 9551.00
  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2022
Closed on
Jul 11, 2022
Sold by
Patrick Mullins Timothy and Rose Amara
Bought by
Deng Xiyue and Lao Yi
Seller's Agent
Aaron Montelongo
Compass
Buyer's Agent
Jason Tsai
Pellego, Inc.
List Price
$1,295,000
Sold Price
$1,215,000
Premium/Discount to List
-$80,000
-6.18%
Current Estimated Value
$1,244,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,735
Avg. Annual Appreciation
0.83%
Original Mortgage
$911,250
Outstanding Balance
$877,023
Interest Rate
5.7%
Mortgage Type
Balloon
Estimated Equity
$367,712

Purchase Details

Closed on
Apr 9, 2019
Sold by
Mullins Timothy Patrick and Mullins Amara Rose
Bought by
Mullins Timothy Patrick and Mullins Amara Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 16, 2017
Closed on
Apr 3, 2017
Sold by
Lee Chong Hee
Bought by
Mullins Tim and Levy Moore Amara
Seller's Agent
Grace Kuh
Summit Pro Realty
Buyer's Agent
Martin Muoto
Martin Muoto
List Price
$689,000
Sold Price
$725,000
Premium/Discount to List
$36,000
5.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.75%
Original Mortgage
$673,550
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 15, 2012
Closed on
Oct 21, 2014
Sold by
Lee Sang Cheon
Bought by
Lee Chong Hee
Seller's Agent
Rebecca Ballesteros
Silicon Valley Cptl Home
Buyer's Agent
Rebecca Ballesteros
Silicon Valley Cptl Home
List Price
$459,800
Sold Price
$539,000
Premium/Discount to List
$79,200
17.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.21%

Purchase Details

Listed on
Aug 15, 2012
Closed on
Oct 14, 2014
Sold by
Danganan Joel
Bought by
Lee Chong Hee
Seller's Agent
Rebecca Ballesteros
Silicon Valley Cptl Home
Buyer's Agent
Rebecca Ballesteros
Silicon Valley Cptl Home
List Price
$459,800
Sold Price
$539,000
Premium/Discount to List
$79,200
17.22%

Purchase Details

Closed on
Aug 8, 2008
Sold by
Alvarez Manuel and Alvarez Maria
Bought by
Danganan Joel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 2005
Sold by
Alvarez Manuel and Alvarez Maria
Bought by
Alvarez Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 8, 2002
Sold by
Guerrero Jose D
Bought by
Alvares Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,671
Interest Rate
5.96%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 1, 2002
Sold by
Villegas Peter and Villegas Elvira
Bought by
Guerrero Jose D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,103
Interest Rate
7.18%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 31, 1996
Sold by
Villegas Peter
Bought by
Villegas Peter and Villegas Elvira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,200
Interest Rate
4.25%

Purchase Details

Closed on
Jun 29, 1995
Sold by
Kelly Dwight and Kelly Maria D
Bought by
Villegas Peter

Purchase Details

Closed on
Jun 28, 1995
Sold by
Villegas Elvira Perez
Bought by
Villegas Peter

Purchase Details

Closed on
Apr 8, 1994
Sold by
Kelly Dwight and Kelly Maria D
Bought by
Villegas Peter
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,215,000 Equity Title
Interfamily Deed Transfer -- Old Republic Title Company
Grant Deed $709,000 Chicago Title Co
Interfamily Deed Transfer -- Nations Title Company
Grant Deed $510,000 Nations Title Company
Grant Deed $405,000 Fidelity National Title
Interfamily Deed Transfer -- Alliance Title Company
Grant Deed $312,500 Landsafe Title
Grant Deed $208,000 South Coast Title Company
Gift Deed -- Stewart Title
Quit Claim Deed -- Southland Title Corporation
Interfamily Deed Transfer -- Southland Title Corporation
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $911,250 Balloon
Previous Owner $1,125,000 New Conventional
Previous Owner $673,550 New Conventional
Previous Owner $310,500 New Conventional
Previous Owner $324,000 Purchase Money Mortgage
Previous Owner $630,000 Balloon
Previous Owner $50,000 Credit Line Revolving
Previous Owner $416,800 Unknown
Previous Owner $312,286 FHA
Previous Owner $307,671 FHA
Previous Owner $205,103 FHA
Previous Owner $88,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2022 08/11/22 Sold $1,215,000 -6.2% $450 / Sq Ft
07/07/2022 07/07/22 Pending -- -- --
06/05/2022 06/05/22 For Sale $1,295,000 +78.6% $479 / Sq Ft
04/09/2017 04/09/17 Sold $725,000 +5.2% $267 / Sq Ft
01/16/2017 01/16/17 For Sale $689,000 +27.8% $254 / Sq Ft
11/17/2014 11/17/14 Sold $539,000 +17.2% $198 / Sq Ft
10/24/2014 10/24/14 Pending -- -- --
08/15/2012 08/15/12 For Sale $459,800 -- $169 / 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
2024 $15,484 $1,239,300 $867,000 $372,300
2023 $15,185 $1,215,000 $850,000 $365,000
2022 $9,635 $775,392 $546,823 $228,569
2021 $9,507 $760,189 $536,101 $224,088
2019 $9,226 $737,643 $520,200 $217,443
2018 $9,144 $723,180 $510,000 $213,180
2016 $6,589 $517,777 $304,575 $213,202
2015 $6,483 $510,000 $300,000 $210,000
2014 $5,613 $425,446 $265,774 $159,672
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-162957

The MLS

APN: 5453-014-008