NOT LISTED FOR SALE

Estimated Value: $920,000 - $1,070,000

2 Beds
2 Baths
1,038 Sq Ft
$970/Sq Ft Est. Value

Last Sold March 26, 2020

Last sale price $780,000 $751 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $6,210/month

43 Days on Market

Highlights

  • Tankless Water Heater
  • Eagle Rock High School Rated A
  • Shed

About This Home

As of March 2020

Pssssst......Hidden behind a gate this secret pied--terre of a duplex is Glassell Park's best kept secret. Comprised of two one bedroom units stacked on top of one another, this duplex offers great indoor layouts and ample outdoor space. There is a large deck boasting views of Los Angeles dedicated to the upstairs unit, ripe for spending time and enjoying leisurely lunches with friends on the weekends. The downstairs unit offers an expansive, lush, verdant back yard, with plenty of spaces to enjoy sunning or a picnic. It's a fact: Spending time outside makes for happy tenants, happy tenants make for a happy landlord. If you've been considering investing in Los Angeles real estate, this would be a great place to start.Property is currently tenant occupied with time remaining on their leases. Please submit offers subject to interior inspection of property.

Last Agent to Sell the Property

Kenya Reeves-Costa

Compass License #01734058 Listed on: 01/06/2020

Compass

Last Buyer's Agent

Tim Lesser

Keller Williams Luxury License #01168896

Keller Williams Luxury

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,749

Year Built

  • Built in 1922

Lot Details

  • 3,949

Interior Spaces

  • 1,038 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Tankless Water Heater

Additional Features

  • Shed
  • 3,949 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5458-027-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,749

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1038
  • Stories: 2
  • Year Built: 1922
  • Number Of Photos: 33
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 746.63

Exterior Features

  • Other Features: Slab
  • Other Structures: Shed(s)
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 2

Utilities

  • Water Heater: Tankless
  • Cooling: Wall Unit(s)
  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Value: 96077
  • Assessed Land Value: 420361
  • Assessor Parcel Number: 5458-027-013
  • Geocode Override: No
  • Lot Size Area: 3949

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.25
  • Number Of Units: 2
  • Total Annual Expense: 2400
  • Type Of Units: Apartments
  • Vacancy Rate: 100%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2021
Sold by
Weinsieder Jules and Weinsieder Lauren
Bought by
Weinsieder Properties Llc
Current Estimated Value
$1,006,389

Purchase Details

Closed on
Feb 9, 2021
Sold by
Weinsieder Jules and Weinsieder Lauren
Bought by
Weinsieder Jules and Weinsieder Lauren

Purchase Details

Closed on
Aug 14, 2020
Sold by
Weinsieder Jules and Weinsieder Lauren
Bought by
Weinsieder Jules and Weinsieder Lauren

Purchase Details

Listed on
Jan 6, 2020
Closed on
Feb 24, 2020
Sold by
Quiroz Mark Anthony
Bought by
Darett Margarita
Seller's Agent
Kenya Reeves-Costa
Compass
Buyer's Agent
Tim Lesser
Keller Williams Luxury
List Price
$775,000
Sold Price
$780,000
Premium/Discount to List
$5,000
0.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.76%
Original Mortgage
$429,000
Outstanding Balance
$380,042
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$626,347

Purchase Details

Listed on
Jan 6, 2020
Closed on
Feb 20, 2020
Sold by
Darett Margarita
Bought by
Weinsleder Jules and Weinsieder Lauren
Seller's Agent
Kenya Reeves-Costa
Compass
Buyer's Agent
Tim Lesser
Keller Williams Luxury
List Price
$775,000
Sold Price
$780,000
Premium/Discount to List
$5,000
0.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,000
Outstanding Balance
$380,042
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$626,347

Purchase Details

Closed on
Mar 7, 2005
Sold by
Degroff Denise E
Bought by
Darett Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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
Weinsieder Properties Llc -- None Available
Weinsieder Jules -- None Available
Weinsieder Jules -- None Available
Darett Margarita -- Chicago Title
Weinsleder Jules $780,000 Chicago Title Company
Darett Margarita $430,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weinsleder Jules $429,000
Previous Owner Darett Margarita $480,000
Previous Owner Darett Margarita $60,000
Previous Owner Darett Margarita $344,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2020 03/26/20 Sold $780,000 +0.6% $751 / Sq Ft
02/18/2020 02/18/20 Pending -- -- --
01/06/2020 01/06/20 For Sale $775,000 -- $747 / 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
2025 $10,749 $898,418 $627,810 $270,608
2024 $10,749 $880,802 $615,500 $265,302
2023 $10,540 $863,532 $603,432 $260,100
2022 $9,546 $803,841 $577,117 $226,724
2021 $9,431 $788,080 $565,801 $222,279
2020 $6,744 $548,045 $446,089 $101,956
2019 $6,476 $537,300 $437,343 $99,957
2018 $6,435 $526,766 $428,768 $97,998
2016 $6,150 $506,313 $412,119 $94,194
2015 $6,060 $498,709 $405,929 $92,780
2014 $6,089 $488,941 $397,978 $90,963
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-539396

The MLS

APN: 5458-027-013