NOT LISTED FOR SALE

Estimated Value: $2,304,000 - $3,797,000

8 Beds
4 Baths
5,839 Sq Ft
$525/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $2,570,000 $440 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $19,457/month

17 Days on Market

Highlights

  • City Lights View
  • Living Room with Fireplace
  • Cathedral Ceiling
  • Ivanhoe Elementary Rated A-
  • French Architecture
  • Wood Flooring

About This Home

As of June 2021

Sweet & Classic 1928 Apartment Building, meticulously maintained for decades; Four Units: 2 Bedrooms, 1 bath each, with Open Beam Ceilings in Living Rooms, Formal Dining Rooms, separate Breakfast Rooms, hardwood floors, lots of period detailing, telephone nooks, in-wall ironing boards, some stained glass surprises, remodeled kitchens with dishwasher & garbage disposal. The best of both worlds! Each unit has its own individual laundry room with washer & dryer. All Tenants are month-to-month and paying rent, even during pandemic. 100% occupied- Note the excellent income! Mediterranean details in Large, lovely units. One unit has its own deck above the garage. 3 units have RSO exempt certificate, Buyer to confirm applicability. Non conforming, bonus 5th studio unit brings in additional income. High ceilings, classic period light fixtures, a welcoming foyer, arches, beams, Old Hollywood Charm, a truly great investment. An excellent vintage of construction ~ built to last. One of the very first buildings on this hillside overlooking the Rowena Reservoir. Pride of ownership. Plumbing is 90% copper, per owner. Baths have classic period tile, separate showers/tubs. Art deco ceiling fans, individual air conditioners. Partial attic above, high enough to stand up in ~ develop? Bring your most discerning Buyer. They'll be very lucky to own this gem.

Last Agent to Sell the Property

Suzette Kitselman

Coldwell Banker Realty License #00715435 Listed on: 04/30/2021

Coldwell Banker Realty

Last Buyer's Agent

Suzette Kitselman

Coldwell Banker Realty License #00715435 Listed on: 04/30/2021

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,350

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • 7,024 Sq Ft Lot
  • East Facing Home

Parking

  • 1 Open Parking Space
  • 5 Car Garage

Property Views

  • City Lights
  • Woods
  • Peek-A-Boo
  • Reservoir
  • Mountain
  • Hills
  • Valley

Home Design

  • French Architecture
  • Split Level Home
  • Plaster Walls
  • Partial Copper Plumbing

Interior Spaces

  • 5,839 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Decorative Fireplace
  • Double Pane Windows
  • Stained Glass
  • Living Room with Fireplace
  • Wood Flooring

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Granite Countertops
  • Ceramic Countertops
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Heat Pump System
  • Gravity Heating System
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 4 Units
  • Community Barbecue Grill

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for water, gardener
  • Assessor Parcel Number 5434-019-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,350

Year Built

Built in 1928 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Style: French Normandy
  • Levels: Multi/Split
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Sweet & Classic 1928 Apartment Building, meticulously maintained for decades; consists of four 2 Bedroom units with Open Beamed Ceilings in Living Rooms, Formal Dining Rooms, separate Breakfast Rooms, hardwood floors, lots of period detailing, telephone nooks, in-wall ironing boards, some stained glass surprises, remodeled kitchens with dishwasher & garbage disposal. The best of both worlds! Each unit has its own individual laundry room with washer & dryer. All Tenants are month-to-month and paying rent, even during pandemic. Note the excellent income! Mediterranean details throughout these large, lovely units. One unit has its own deck above the garage. 3 units have RSO exempt certificate, Buyer to confirm applicability. A fifth, non-permitted studio unit brings in additional income. High ceilings, classic period light fixtures, a welcoming foyer, arches, beams, lots of style and Old
  • Alley: No
  • Building Permit: Yes
  • Entry Floor: 1
  • Entry Location: Foyer
  • Living Area: 5839
  • Lot Acreage: 0.1612
  • Price Per Unit: 623750.00
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 3
  • Year Built: 1928
  • Number Of Photos: 33
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cathedral-Vaulted Ceilings, Beamed Ceiling(s), Plaster Walls
  • Fireplace Rooms: Decorative, Living Room
  • Flooring: Hardwood, Wood
  • Appliances: Cooktop - Gas, Gas
  • Bedrooms: 8
  • Bedroom Features: WalkInCloset
  • Common Walls: Attached
  • Bathroom Features: Tile
  • Kitchen Features: Ceramic Counters, Granite Counters, Pantry, Stone Counters, Remodeled
  • Laundry: In Unit, Room
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Refrigerator, Washer, Gas Or Electric Dryer Hookup
  • Price Per S Q F T: 427.30
  • Windows: Double Pane Windows, Stained or Leaded

Exterior Features

  • Direction Faces: East
  • Other Features: Partial Copper Plumbing, High Ceilings (9 Feet+)
  • Other Structures: None
  • Patio: Concrete Slab
  • Pool: No
  • Spa Yn: No
  • View: City, City Lights, Mountains, Peek-A-Boo, Reservoir, Tree Top, Trees/Woods, Valley, Water, Hills
  • View: Yes

Garage/Parking

  • Garage Spaces: 5
  • Other Spaces: 1
  • Covered Parking: 5
  • Garage Structures: 2
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 6

Utilities

  • Water Heater: Gas
  • Cooling: Air Conditioning, Heat Pump(s)
  • Heating: Gravity, Heat Pump
  • Sewer: In Street, In Street Paid
  • Water: Public
  • Water Heaters: Yes

Association/Amenities

  • Amenities: Assoc Barbecue

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Percent: 69.99
  • Assessed Improvement Value: 347193
  • Assessed Land Percent: 30.01
  • Assessed Land Value: 148895
  • Total Assessed Value: 496088
  • Assessor Parcel Number: 5434-019-020
  • Lot Size Area: 7024

Rental Info

  • Total Actual Rent: 158020.00
  • Land Lease Type: Fee
  • Owner Pays: Water, Gardener
  • Rent Control: No
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 15.82
  • Number Of Units: 4
  • Total Annual Expense: 20879
  • Type Of Units: Apartments
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
Jun 10, 2021
Sold by
London Andrew Barry and The Andrew Barry London Trust
Bought by
Shah Abhishek Kashyap and Shah Dawn Elise
Seller's Agent
Suzette Kitselman
Coldwell Banker Realty
Buyer's Agent
Suzette Kitselman
Coldwell Banker Realty
List Price
$2,495,000
Sold Price
$2,570,000
Premium/Discount to List
$75,000
3.01%
Current Estimated Value
$3,066,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$496,961
Avg. Annual Appreciation
1.79%
Original Mortgage
$1,927,500
Outstanding Balance
$1,752,694
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,015,093

Purchase Details

Closed on
Dec 29, 2005
Sold by
London Andrew Barry
Bought by
London Andrew Barry and Andrew Barry London Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.27%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 11, 2002
Sold by
London Andrew Barry
Bought by
London Andrew Barry and Andrew London Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
6.03%

Purchase Details

Closed on
Mar 29, 1999
Sold by
Shiverts Helen
Bought by
The Gail Marcus Marriage & Family Counse

Purchase Details

Closed on
Mar 4, 1998
Sold by
London Andrew B
Bought by
London Andrew Barry and Andrew London Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,000
Interest Rate
6.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 17, 1998
Sold by
Trust London, Andrew B Tr Andrew B London
Bought by
London Andrew Barry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,000
Interest Rate
6.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 1994
Sold by
Castagnola Lawrence A
Bought by
Gendron Glorianne and Campbell Mary Ellen
Source: Public Records

Range of Values:

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Average Value
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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
Shah Abhishek Kashyap $2,570,000 Progressive Title Company
London Andrew Barry -- --
London Andrew Barry -- --
London Andrew Barry -- Financial Title Company
London Andrew Barry -- Financial Title Company
The Gail Marcus Marriage & Family Counse -- --
London Andrew Barry -- --
London Andrew Barry -- --
Gendron Glorianne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shah Abhishek Kashyap $1,927,500
Previous Owner London Andrew Barry $835,000
Previous Owner London Andrew Barry $100,000
Previous Owner London Andrew Barry $524,000
Previous Owner London Andrew Barry $329,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $2,570,000 +3.0% $440 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $2,495,000 -- $427 / 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 $33,350 $2,781,849 $1,948,377 $833,472
2024 $33,350 $2,727,304 $1,910,174 $817,130
2023 $32,701 $2,673,828 $1,872,720 $801,108
2022 $31,176 $2,621,400 $1,836,000 $785,400
2021 $6,468 $501,226 $150,437 $350,789
2020 $6,524 $496,088 $148,895 $347,193
2019 $6,284 $486,362 $145,976 $340,386
2018 $6,136 $476,826 $143,114 $333,712
2016 $5,805 $458,311 $137,557 $320,754
2015 $5,724 $451,427 $135,491 $315,936
2014 $5,765 $442,585 $132,837 $309,748
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-725586

The MLS

APN: 5434-019-020