3529 Ferncroft Rd Los Angeles, CA 90039
Atwater Village NeighborhoodEstimated Value: $913,000 - $1,277,535
2
Beds
2
Baths
1,002
Sq Ft
$1,088/Sq Ft
Est. Value
Highlights
- Neighborhood Views
- Cooling Available
- Heating Available
- John Marshall Senior High Rated A
- Laundry Room
- 1-minute walk to Red Car River Park
About This Home
As of February 2022CASH COW!!! $66,000 Gross Rents, ($52,104 NOI) and 5.63 CAP in Atwater Village!! HIGH RENTAL DEMAND AREA!! Newly remodeled units (top and bottom) with that beautiful farmhouse motif. Yard is big enough for a potential ADU addition. Each unit is 2 beds and 1 bath (approx 550 sq ft each) with an open floor plan (Title shows 1 Bed+1 Bath each). Upstairs tenant has been there for years and is current on rent ($2,550). Lower unit was being used by owner and will be delivered vacant upon purchase (can be rented for up to $3,000/mo). Upstairs has an exclusive patio and lower unit has its own dedicated patio. This property is minutes from the local eateries and shopping of Silver Lake, DTLA, Glendale and Glassel Park. Hikers, we are also minutes from Griffith Park: Area Walk score is 80 VERY Walkable. Convenient washer & dryer located near the downstairs patio and storage located in the back of the property. Great ROI as a rental.
Last Agent to Sell the Property
West Shores Realty, Inc. License #01789768 Listed on: 01/08/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,566
Year Built
- Built in 1948
Lot Details
- 2,789 Sq Ft Lot
- No Common Walls
- Back Yard
Interior Spaces
- 1,002 Sq Ft Home
- Neighborhood Views
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Dryer
- Washer
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 120
- Tax Tract Number 4178
- Assessor Parcel Number 5437021020
- $150 per year additional tax assessments
Community Details
Overview
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gardener Expense $50
- Insurance Expense $100
- Trash Expense $33
- Water Sewer Expense $50
- New Taxes Expense $925
- Operating Expense $13,896
- Gross Income $66,000
- Net Operating Income $52,104
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 8, 2022
Closed on
Feb 22, 2022
Sold by
Amelia Burton
Bought by
Hoffman Steve
Seller's Agent
Mark Velasco
West Shores Realty, Inc.
Buyer's Agent
Mark Velasco
West Shores Realty, Inc.
List Price
$925,000
Sold Price
$913,000
Premium/Discount to List
-$12,000
-1.3%
Total Days on Market
8
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,634
Avg. Annual Appreciation
5.59%
Original Mortgage
$730,000
Outstanding Balance
$685,539
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$405,095
Purchase Details
Listed on
Jan 8, 2022
Closed on
Feb 18, 2022
Sold by
Sheel Sharma Sanyam
Bought by
Hoffman Dov and Hoffman Steve
Seller's Agent
Mark Velasco
West Shores Realty, Inc.
Buyer's Agent
Mark Velasco
West Shores Realty, Inc.
List Price
$925,000
Sold Price
$913,000
Premium/Discount to List
-$12,000
-1.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Outstanding Balance
$685,539
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$405,095
Purchase Details
Listed on
Sep 3, 2019
Closed on
Dec 23, 2019
Sold by
Villalpando Richardo and Villalpando Ofelia
Bought by
Sharma Sanyam Sheel
Seller's Agent
Alex Saab
eXp Realty of California Inc.
Buyer's Agent
Elizabeth Clark
Douglas Elliman
List Price
$699,900
Sold Price
$699,000
Premium/Discount to List
-$900
-0.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.36%
Original Mortgage
$524,250
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 15, 2015
Sold by
Villalpando Ricardo and Villalpando Ofelia
Bought by
The Villalpando Family Trust
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hoffman Steve | -- | First American Title Company O | |
| Hoffman Steve | -- | First American Title Company O | |
| Hoffman Dov | $913,000 | First American Title Company O | |
| Hoffman Dov | $913,000 | First American Title Company O | |
| Sharma Sanyam Sheel | $700,000 | Pacific Coast Title Company | |
| The Villalpando Family Trust | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hoffman Dov | $730,000 | |
| Closed | Hoffman Dov | $730,000 | |
| Previous Owner | Sharma Sanyam Sheel | $524,250 | |
| Previous Owner | Villalpando Ricardo | $100,000 | |
| Previous Owner | Villalpando Ricardo | $151,000 | |
| Previous Owner | Villalpando Ricardo | $157,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/25/2022 02/25/22 | Sold | $913,000 | -1.3% | $911 / Sq Ft |
| 01/16/2022 01/16/22 | Pending | -- | -- | -- |
| 01/08/2022 01/08/22 | For Sale | $925,000 | +32.3% | $923 / Sq Ft |
| 01/09/2020 01/09/20 | Sold | $699,000 | -0.1% | $698 / Sq Ft |
| 11/25/2019 11/25/19 | Pending | -- | -- | -- |
| 09/03/2019 09/03/19 | For Sale | $699,900 | -- | $699 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $11,566 | $949,885 | $570,139 | $379,746 |
| 2023 | $11,340 | $931,260 | $558,960 | $372,300 |
| 2022 | $8,561 | $720,365 | $309,170 | $411,195 |
| 2021 | $8,457 | $706,241 | $303,108 | $403,133 |
| 2020 | $3,633 | $297,202 | $82,447 | $214,755 |
| 2019 | $3,490 | $291,383 | $80,831 | $210,552 |
| 2018 | $3,456 | $285,678 | $79,247 | $206,431 |
| 2016 | $3,294 | $274,241 | $76,171 | $198,070 |
| 2015 | $3,245 | $270,122 | $75,027 | $195,095 |
| 2014 | $3,265 | $264,832 | $73,558 | $191,274 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Velasco
Seller's Agent in 2022
Mark Velasco
West Shores Realty, Inc.
(626) 392-9499
1 in this area
37 Total Sales
-
Alex Saab
Seller's Agent in 2020
Alex Saab
eXp Realty of California Inc.
(562) 622-6050
4 Total Sales
-
E
Buyer's Agent in 2020
Elizabeth Clark
Douglas Elliman
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW22002760
APN: 5437-021-020
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