NOT LISTED FOR SALE

Estimated Value: $1,118,000 - $1,274,000

7 Beds
5 Baths
4,347 Sq Ft
$275/Sq Ft Est. Value

Sale Details

Date Sold: March 7, 2023

Last sale price $1,115,000 $256 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,771 / mo

40 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • Washington Irving STEAM Magnet School Rated 9+
  • Tile Flooring
  • Block Wall Fence

About This Home

As of March 2023

***Attention all in investors*** First time on the market in 35 years! This 4 unit complex located in Los Angeles (Glassell Park) CA, property resides along Bushwick Street, a few miles southwest of Eagle Rock's Occidental College. Glassell Park is an LA sub-market north of Downtown LA, which is bordered by Glendale, Silver Lake, Eagle Rock, Highland Park, Cypress Park, Mt. Washington and Atwater Village. It's centralized LA County location provides extended proximity to Hollywood, Koreatown, Downtown LA, Monterey Park, Alhambra and Pasadena. The Property is located near many locally owned eateries and shopping boutiques, while also giving access to public transportation and quick access to the 2 and 5 Freeways. This 4 unit complex and tremendous upside, and offers plenty of income growth. The front left unit consist of 2 bedrooms and 2 bathrooms, the other 3 units consist of 2 bedrooms and 1 bathroom. Don't miss out on this PRICED to SELL property! This is a great opportunity to start your portfolio as an investor. ***Call today for more information or to make an offer!***

Last Agent to Sell the Property

Matthew Serrano

Re/Max Top Producers License #01792677 Listed on: 11/07/2022

Re/Max Top Producers

Co-Listed By

Albert Marin

Re/Max Top Producers License #01150422

Last Buyer's Agent

Matthew Serrano

Re/Max Top Producers License #01792677 Listed on: 11/07/2022

Re/Max Top Producers

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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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 10,847 Sq Ft Lot
  • Two or More Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • Front Yard

Parking

  • 2 Car Garage
  • 3 Carport Spaces
  • Parking Available
  • Two Garage Doors

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 4,347 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Bars
  • Gas Cooktop
  • Laundry in unit

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tax Lot 51
  • Tax Tract Number 575
  • Assessor Parcel Number 5457018025
  • $702 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $53,730
  • Net Operating Income $53,730

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

10,847 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Window Bars
  • View: No
  • Zoning: LAR1
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5457018025
  • Year Built: 1915
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 256.50

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fence: Yes
  • Fencing: Block, Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 3.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Garage - Two Door
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Refrigerator, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10847.00
  • Lot Size Acres: 0.2490

Multi Family

  • Gross Income: 53730.00
  • Gross Scheduled Income: 53730.00
  • Lot Size Area: 10847.0000 Square Feet
  • Net Operating Income: 53730.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Census Tract: 1864.03
  • Tax Lot: 51
  • Tax Tract Number: 575
  • TaxOtherAnnualAssessmentAmount: 702.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2022
Closed on
Feb 27, 2023
Sold by
Bought by
Seller's Agent
Matthew Serrano
Re/Max Top Producers
Buyer's Agent
Matthew Serrano
Re/Max Top Producers
List Price
$1,174,995
Sold Price
$1,115,000
Premium/Discount to List
-$59,995
-5.11%
Views
14
Current Estimated Value
$1,193,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,267
Avg. Annual Appreciation
2.01%
Original Mortgage
$1,094,804
Outstanding Balance
$1,047,923
Interest Rate
6.15%
Mortgage Type
FHA
Estimated Equity
$145,344

Purchase Details

Closed on
Aug 2, 2018
Sold by
Bought by

Purchase Details

Closed on
Dec 21, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
5.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2003
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Glassell Park, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,115,000 Chicago Title
-- None Available
-- None Available
-- Ticor Title Co
-- Ticor Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,094,804
Previous Owner $190,000
Previous Owner $25,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/07/2023 03/07/23 Sold $1,115,000 -3.0% $256 / Sq Ft
12/17/2022 12/17/22 Pending -- -- --
12/09/2022 12/09/22 Price Changed $1,149,995 -2.1% $265 / Sq Ft
11/07/2022 11/07/22 For Sale $1,174,995 -- $270 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $14,548 $1,160,046 $879,138 $280,908
2024 $14,388 $1,137,300 $861,900 $275,400
2023 $5,157 $367,926 $183,963 $183,963
2022 $4,939 $360,712 $180,356 $180,356
2021 $4,858 $353,640 $176,820 $176,820
2020 $4,897 $350,014 $175,007 $175,007
2019 $4,726 $343,152 $171,576 $171,576
2018 $4,518 $336,424 $168,212 $168,212
2016 $4,279 $323,362 $161,681 $161,681
2015 $4,222 $318,506 $159,253 $159,253
2014 $4,263 $312,268 $156,134 $156,134
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR22235971

California Regional Multiple Listing Service (CRMLS)

APN: 5457-018-025

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