NOT LISTED FOR SALE

Estimated Value: $1,772,000 - $2,695,668

12 Beds
7 Baths
4,650 Sq Ft
$467/Sq Ft Est. Value

Last Sold September 21, 2016

Last sale price $1,888,000 $406 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $14,044/month

34 Days on Market

About This Home

As of September 2016

This is a beautiful, brand new four unit structure located centrally in Los Angeles/Hollywood. Four units total (two duplexes) are perfect for an investor looking for rental income. There is one 4-bedroom, two 3-bedroom, and one 2-bedroom units on the lot. The kitchen is every lady's dream with modern white cabinets, quartz counter tops, glass mosaic backsplash, and new stainless steel appliances. The floors of beautiful wood laminate span throughout the house (even the bedrooms) excluding the laundry room and bathrooms. These bathrooms share the same style of cabinetry and countertop as the kitchen, and the shower is fully tiled, including glass mosaic accents. This unit is every renter's dream: new, beautiful, and in a prime location.

Last Agent to Sell the Property

Eric Cuevas

Bauhaus Group License #01916371 Listed on: 07/13/2016

Last Buyer's Agent

KAREN KUIT

eXp Realty of California Inc License #01953837

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,218

Year Built

  • Built in 2015

Lot Details

  • 6,210 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 4,650 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 12 / 3
  • Tax Tract Number 1926
  • Assessor Parcel Number 5520022006

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $1,140
  • Insurance Expense $2,400
  • New Taxes Expense $24,332
  • Operating Expense $29,372
  • Gross Income $11,265
  • Net Operating Income $105,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,218

Year Built

Built in 2015

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Property Type: Residential Income
  • Gardener Expense: 1140.00
  • Parcel Number: 5520022006
  • Year Built: 2015
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 406.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6210.00
  • Price Per Lot Square Foot: 318.04
  • Lot Size Acres: 0.1430

Multi Family

  • Gross Income: 11265.00
  • Gross Scheduled Income: 135180.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 6210.0000 Square Feet
  • Net Operating Income: 105440.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 29740.00
  • Rent Control: No
  • Total Expenses: 29372.00

Tax Info

  • New Taxes Expense: 24332.00
  • Tax Block: 3
  • Tax Lot: 12
  • Tax Tract Number: 1926.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2020
Sold by
New Wave Lending Group Inc
Bought by
Chien Jonathan and Fan Lin
Current Estimated Value
$2,170,917

Purchase Details

Closed on
Jun 27, 2019
Sold by
Lin Chien Jonathan and Lin Fan
Bought by
New Wave Lending Group Inc

Purchase Details

Closed on
Dec 20, 2017
Sold by
New Wave Lending Group Inc
Bought by
Lin Chien Jonathan and Lin Fan

Purchase Details

Closed on
Jul 11, 2017
Sold by
Lin Chien Jonathan and Lin Fan
Bought by
New Wave Lending Group Inc

Purchase Details

Listed on
Jul 13, 2016
Closed on
Sep 13, 2016
Sold by
Ho Nicholas H
Bought by
Yu Kristy Jie
Seller's Agent
Eric Cuevas
Bauhaus Group
Buyer's Agent
KAREN KUIT
eXp Realty of California Inc
List Price
$1,975,000
Sold Price
$1,888,000
Premium/Discount to List
-$87,000
-4.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.54%
Original Mortgage
$1,200,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2016
Closed on
Sep 8, 2016
Sold by
Ahdoot David
Bought by
Lin Chien Jonathan and Lin Fan
Seller's Agent
Eric Cuevas
Bauhaus Group
Buyer's Agent
KAREN KUIT
eXp Realty of California Inc
List Price
$1,975,000
Sold Price
$1,888,000
Premium/Discount to List
-$87,000
-4.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 10, 2014
Closed on
Aug 18, 2014
Sold by
Taylor Equities 1 Llc
Bought by
Ahdoot David
Seller's Agent
Dario Svidler
Keller Williams Beverly Hills
Buyer's Agent
John Pagani
List Price
$599,000
Sold Price
$565,000
Premium/Discount to List
-$34,000
-5.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
78.61%

Purchase Details

Listed on
Jun 10, 2014
Closed on
Jul 15, 2014
Sold by
Taylor David Paul and Levin Hope Wendy
Bought by
Taylor David Paul and Levin Hope Wendy
Seller's Agent
Dario Svidler
Keller Williams Beverly Hills
Buyer's Agent
John Pagani
List Price
$599,000
Sold Price
$565,000
Premium/Discount to List
-$34,000
-5.68%

Purchase Details

Closed on
Mar 12, 2014
Sold by
Taylor Equities 1 Llc
Bought by
Taylor Equities 1 Llc and The Abc Trust

Purchase Details

Listed on
Nov 10, 2013
Closed on
Dec 9, 2013
Sold by
Castro Maria
Bought by
Taylor Equities 1 Llc
Seller's Agent
Donna Rue
Coldwell Banker Hallmark Realty
Buyer's Agent
Michael Gray
Coldwell Banker Hallmark Realty
List Price
$315,000
Sold Price
$325,000
Premium/Discount to List
$10,000
3.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.24%

Purchase Details

Closed on
Dec 9, 2012
Sold by
Castro Cesar J
Bought by
Castro Maria
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
Chien Jonathan -- Accommodation
New Wave Lending Group Inc -- None Available
Lin Chien Jonathan -- None Available
New Wave Lending Group Inc -- None Available
Yu Kristy Jie -- Provident Title Company
Chen Qiong -- Provident Title Company
Lin Chien Jonathan $1,888,000 Provident Title Company
Ahdoot David -- None Available
Taylor David Paul -- Fidelity National Title
Taylor Equities 1 Llc -- Accommodation
Taylor Equities 1 Llc $325,003 None Available
Castro Maria -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Qiong $1,200,000
Closed Taylor David Paul $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/21/2016 09/21/16 Sold $1,888,000 -4.4% $406 / Sq Ft
08/16/2016 08/16/16 Pending -- -- --
07/13/2016 07/13/16 For Sale $1,975,000 0.0% $425 / Sq Ft
02/01/2016 02/01/16 Rented $2,700 0.0% --
01/12/2016 01/12/16 Price Changed $2,700 +0.9% $2 / Sq Ft
11/24/2015 11/24/15 Price Changed $2,675 -7.0% $2 / Sq Ft
11/19/2015 11/19/15 For Rent $2,875 0.0% --
08/22/2014 08/22/14 Sold $565,000 -5.7% $671 / Sq Ft View Prior Sale
07/24/2014 07/24/14 Pending -- -- --
06/10/2014 06/10/14 For Sale $599,000 +84.3% $711 / Sq Ft
12/11/2013 12/11/13 Sold $325,000 +3.2% $386 / Sq Ft View Prior Sale
12/10/2013 12/10/13 Pending -- -- --
11/10/2013 11/10/13 For Sale $315,000 -- $374 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $31,218 $2,597,835 $1,818,485 $779,350
2024 $31,218 $2,546,898 $1,782,829 $764,069
2023 $30,615 $2,496,960 $1,747,872 $749,088
2022 $29,194 $2,448,000 $1,713,600 $734,400
2021 $28,829 $2,400,000 $1,680,000 $720,000
2020 $25,591 $2,080,800 $1,560,600 $520,200
2019 $24,574 $2,040,000 $1,530,000 $510,000
2018 $24,408 $2,000,000 $1,500,000 $500,000
2016 $7,005 $573,616 $458,893 $114,723
2015 $6,903 $565,000 $452,000 $113,000
2014 $4,143 $325,000 $260,000 $65,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16152519

California Regional Multiple Listing Service (CRMLS)

APN: 5520-022-006