NOT LISTED FOR SALE

3308 Barham Blvd Los Angeles, CA 90068

Hollywood Hills Neighborhood

Estimated Value: $1,267,000 - $1,857,000

4 Beds
4 Baths
2,542 Sq Ft
$643/Sq Ft Est. Value

Last Sold July 10, 2015

Last sale price $1,083,000 $426 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $10,202/month

39 Days on Market

About This Home

As of July 2015

3308 Barham Boulevard is a 2,542 sq.ft. multi-family investment property. Situated on 6,424 sq.ft. lot in the Hollywood Hills, 3308 Barham offers four residential living spaces with modern renovations and classic architecture.

Completely renovated by two successive owners, 3308 Barham has many updated features including refurbished hardwood flooring, new bathrooms and kitchens, newer appliances, new fixtures, new windows, copper plumbing, new paint, and a new laundry room with security cameras.

With mostly new tenants, the property yields a strong income and with one rent 50% below market, a new owner can benefit from future upside.

With its excellent location, ease of management, and high rental demand, 3308 Barham offers an unbeatable opportunity for a new investor.

One unit vacating 5/1/2015.

Last Agent to Sell the Property

Justin Cusumano

Lee & Associates License #01900637 Listed on: 04/20/2015

Last Buyer's Agent

Justin Cusumano

Lee & Associates License #01900637 Listed on: 04/20/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,692

Year Built

  • Built in 1940

Lot Details

  • 6,424 Sq Ft Lot
  • No Common Walls

Home Design

  • 2,542 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 5 Parking Spaces
  • Up Slope from Street

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for trash collection
  • Tax Lot 8
  • Tax Tract Number 6600
  • Assessor Parcel Number 5579019014

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Insurance Expense $890
  • New Taxes Expense $14,375
  • Gross Income $6,120
  • Net Operating Income $46,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,692

Year Built

Built in 1940

Lot Details

0

Listing Details

  • CapRate: 4.00
  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 5579019014
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 426.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: Up Slope from Street
  • Lot Size Sq Ft: 6424.00
  • Price Per Lot Square Foot: 168.59
  • Lot Size Acres: 0.1470

Rental Info

  • Tenant Pays: Trash Collection

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 6120.00
  • Gross Multiplier: 15.65
  • Gross Scheduled Income: 73440.00
  • Insurance Expense: 890.00
  • Lot Size Area: 6424.0000 Square Feet
  • Net Operating Income: 46000.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 27440.00
  • Rent Control: Yes
  • Total Actual Rent: 6035.00

Tax Info

  • New Taxes Expense: 14375.00
  • Taxes Percent: 1.25
  • Tax Lot: 8
  • Tax Tract Number: 6600
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2017
Sold by
Boghossian Nubar and Boghossian Alin
Bought by
Boghossian Nubar P and Boghossian Alin
Current Estimated Value
$1,635,532

Purchase Details

Listed on
Apr 20, 2015
Closed on
Jun 8, 2015
Sold by
Richards Russell
Bought by
Boghossian Nubar and Boghossian Alin
Seller's Agent
Justin Cusumano
Lee & Associates
Buyer's Agent
Justin Cusumano
Lee & Associates
List Price
$1,150,000
Sold Price
$1,083,000
Premium/Discount to List
-$67,000
-5.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.20%
Original Mortgage
$801,950
Outstanding Balance
$626,408
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$1,017,974

Purchase Details

Closed on
Feb 11, 2014
Sold by
Richards Gina Therese
Bought by
Richards Russell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2014
Sold by
Cjh Enterprises Llc
Bought by
Richards Russell and Michael Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2013
Sold by
Positive Investments Inc
Bought by
Cjh Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
3.33%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 25, 2012
Sold by
The Bank Of New York Mellon
Bought by
Positive Investments Inc

Purchase Details

Closed on
Jan 4, 2012
Sold by
Silveira Michael W
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Feb 28, 2008
Sold by
Silveira Michael W
Bought by
3308 Barham Llc

Purchase Details

Closed on
Jul 28, 2006
Sold by
Ghasseminejad Behnam
Bought by
Silveira Michael W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
2%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 12, 2006
Sold by
Ghasseminejad Bita
Bought by
Ghasseminejad Behnam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
2%
Mortgage Type
Unknown

Purchase Details

Closed on
May 24, 2005
Sold by
Reyes Danielle
Bought by
Reyes Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 10, 2005
Sold by
Gagnon Edward J
Bought by
Ghasseminejad Behnam and Ghasseminejad Bita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 21, 2001
Sold by
Gagnon Claudia
Bought by
Gagnon Edward J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
6.91%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 20, 2001
Sold by
Brummer Alicia P
Bought by
Gagnon Edward J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
9.25%

Purchase Details

Closed on
Oct 4, 2000
Sold by
Brummer Alicia
Bought by
Brummer Alicia P and The Alicia P Brummer Trust
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
Boghossian Nubar P -- None Available
Boghossian Nubar $1,083,000 North American Title Co Inc
Richards Russell -- Fidelity National Title
Richards Russell $1,060,000 Fidelity National Title
Cjh Enterprises Llc $650,006 Fidelity National Title Co
Positive Investments Inc $520,000 None Available
The Bank Of New York Mellon $575,000 Landsafe Title
3308 Barham Llc -- None Available
Silveira Michael W $1,100,000 North American Title
Ghasseminejad Behnam -- Fidelity National Title
Ghasseminejad Behnam -- Fidelity National Title
Reyes Ronald -- Ticor Title
Ghasseminejad Behnam -- Ticor Title
Gagnon Edward J -- Ticor Title
Gagnon Edward J -- Equity Title
Gagnon Edward J $375,000 Equity Title
Brummer Alicia P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boghossian Nubar $801,950
Previous Owner Richards Russell $525,000
Previous Owner Cjh Enterprises Llc $530,000
Previous Owner Silvera Michael W $825,000
Previous Owner Silveira Michael W $165,000
Previous Owner Ghasseminejad Behnam $200,000
Previous Owner Ghasseminejad Behnam $650,000
Previous Owner Gagnon Edward J $400,000
Previous Owner Gagnon Edward J $37,500
Previous Owner Gagnon Edward J $300,000
Closed Ghasseminejad Behnam $49,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2015 07/10/15 Sold $1,083,000 -5.8% $426 / Sq Ft
05/29/2015 05/29/15 Pending -- -- --
04/20/2015 04/20/15 For Sale $1,150,000 -- $452 / 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 $15,692 $1,282,045 $781,303 $500,742
2024 $15,692 $1,256,908 $765,984 $490,924
2023 $15,392 $1,232,264 $750,965 $481,299
2022 $14,710 $1,208,103 $736,241 $471,862
2021 $14,530 $1,184,415 $721,805 $462,610
2019 $14,034 $1,149,287 $700,397 $448,890
2018 $13,981 $1,126,753 $686,664 $440,089
2016 $13,336 $1,083,000 $660,000 $423,000
2015 $13,316 $1,081,178 $673,186 $407,992
2014 $8,416 $652,951 $401,816 $251,135
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Justin Cusumano

    Lee & Associates

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15083040

California Regional Multiple Listing Service (CRMLS)

APN: 5579-019-014

California Los Angeles County Los Angeles 90068 Hollywood Hills

3308 Barham Blvd, Los Angeles, CA

This home is located at 3308 Barham Blvd, Los Angeles, CA 90068 since 20 April 2015 and is currently estimated at $1,635,532, approximately $643 per square foot. This property was built in 1940. 3308 Barham Blvd is a home located in Los Angeles County with nearby schools including Valley View Elementary School, Hubert Howe Bancroft Middle School, and Hollywood Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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