NOT LISTED FOR SALE

3509 Griffin Ave Los Angeles, CA 90031

Montecito Heights Neighborhood

Estimated Value: $775,000 - $1,284,000

4 Beds
4 Baths
2,300 Sq Ft
$415/Sq Ft Est. Value

Last Sold August 15, 2014

Last sale price $350,000 $152 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $5,665/month

23 Days on Market

About This Home

As of August 2014

Great 4 Unit Income Property In Mount Washington/Montecito Heights Area, Lots of Potential, 4 Nice 1 BR Units, 4 Private Garages. 3 of 4 Units Have Been Updated, Great Location Between Downtown And Pasadena, Gas & Electric Separately Metered & Paid By Tenants, Priced Right

Last Agent to Sell the Property

John Matukas

eXp Realty of Greater Los Angeles License #01909667 Listed on: 06/17/2014

eXp Realty of Greater Los Angeles

Last Buyer's Agent

Robert Freedman

License #00711607

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,547

Year Built

  • Built in 1912

Lot Details

  • 6,988 Sq Ft Lot

Home Design

  • 2,300 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 7 Parking Spaces
  • Driveway

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5207-003-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,547

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2300
  • Probate: Yes
  • Year Built: 1912
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 258.70

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway - Concrete
  • Total Parking: 7

Lot Info

  • Assessed Improvement Value: 135660
  • Assessed Land Value: 251940
  • Assessor Parcel Number: 5207-003-029
  • Geocode Override: No
  • Lot Size Area: 6988

Rental Info

  • Court Approve: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.84
  • Number Of Units: 4
  • Total Annual Expense: 5500.00
  • Type Of Units: 4
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2014
Closed on
Jul 11, 2014
Sold by
Gotcher Christopher
Bought by
Alpamani Holdings Llc
Seller's Agent
John Matukas
eXp Realty of Greater Los Angeles
Buyer's Agent
Robert Freedman
List Price
$595,000
Sold Price
$350,000
Premium/Discount to List
-$245,000
-41.18%
Current Estimated Value
$955,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$605,000
Avg. Annual Appreciation
9.23%
Original Mortgage
$325,000
Outstanding Balance
$249,251
Interest Rate
4.11%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$677,416

Purchase Details

Closed on
Dec 30, 2005
Sold by
Gotcher Gary and Rios Alejandrino
Bought by
Gotcher Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2003
Sold by
Duran Araceli
Bought by
Ramos Jose Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,100
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2003
Sold by
Moreno Czarina and The Griffin Trust
Bought by
Gotcher Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,100
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2002
Sold by
Solis Marissa
Bought by
The Griffin Trust

Purchase Details

Closed on
Feb 19, 2001
Sold by
Kwong Patrick Wai Cheong and Kwong Fannie Y Y
Bought by
Solis Marissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
6.98%
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
Alpamani Holdings Llc -- Lawyers Title
Gotcher Gary -- American Coast Title Company
Ramos Jose Luis -- Commonwealth Land Title Co
Rios Alejandro -- Commonwealth Land Title Co
Gotcher Gary $359,000 Commonwealth Land Title Co
The Griffin Trust -- --
Solis Marissa $160,000 First Southwestern Title Co
Solis Marissa -- First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alpamani Holdings Llc $325,000
Previous Owner Gotcher Gary $400,000
Previous Owner Gotcher Gary $323,100
Previous Owner Solis Marissa $128,000
Closed Solis Marissa $32,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2014 08/15/14 Sold $350,000 -41.2% $152 / Sq Ft
07/10/2014 07/10/14 Pending -- -- --
06/17/2014 06/17/14 For Sale $595,000 -- $259 / 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 $5,547 $420,638 $300,457 $120,181
2024 $5,547 $412,391 $294,566 $117,825
2023 $5,449 $404,306 $288,791 $115,515
2022 $5,212 $396,379 $283,129 $113,250
2021 $5,142 $388,608 $277,578 $111,030
2019 $5,000 $377,084 $269,346 $107,738
2018 $4,859 $369,691 $264,065 $105,626
2016 $4,634 $355,337 $253,812 $101,525
2015 $4,571 $350,000 $250,000 $100,000
2014 $5,175 $389,358 $253,083 $136,275
Source: Public Records

Agents Affiliated with this Home

  • John Matukas

    Seller's Agent in 2014

    John Matukas

    eXp Realty of Greater Los Angeles

    (323) 377-4961

    11 Total Sales

    John Matukas
    Section Image

  • R

    Buyer's Agent in 2014

    Robert Freedman

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Map

Source: The MLS

MLS Number: 14-771153

The MLS

APN: 5207-003-029

California Los Angeles County Los Angeles 90031 Montecito Heights

3509 Griffin Ave, Los Angeles, CA

This home is located at 3509 Griffin Ave, Los Angeles, CA 90031 since 17 June 2014 and is currently estimated at $955,000, approximately $415 per square foot. This property was built in 1912. 3509 Griffin Ave is a home located in Los Angeles County with nearby schools including Hillside Elementary, Florence Nightingale Middle, and Abraham Lincoln High School.

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