NOT LISTED FOR SALE

Estimated Value: $2,049,000 - $3,081,000

8 Beds
4 Baths
5,878 Sq Ft
$433/Sq Ft Est. Value

Last Sold August 28, 2015

Last sale price $1,885,000 $321 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $15,697/month

20 Days on Market

About This Home

As of August 2015

Huge Four-plex (almost 6,000 sqft!) in the heart of one of LA's hottest areas. Easy walk to The Grove, Farmer's Market, CBS Studios, Canter's Deli and prime Melrose Avenue. Units average almost 1500 sqft with formal living and dining rooms, their own separate laundry and both front/back doors. Garage parking for every unit. Classic 1920's Spanish Revival architecture with hardwood floors and high ceilings. One unit delivered vacant! Buildings like these come up very rarely and tend to be held for decades (same family has owned this since World War II!). Great investment or home for an owner/user.

Last Agent to Sell the Property

Lee Ziff

Keller Williams Beverly Hills License #01212150 Listed on: 04/03/2015

Keller Williams Beverly Hills

Last Buyer's Agent

Sean Rosenzweig

Marcus & Millichap License #01406343

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,012

Year Built

  • Built in 1929

Lot Details

  • 6,499

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 5,878 Sq Ft Home
  • 2-Story Property
  • Gas Dryer Hookup

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • 6,499 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5526-041-025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,012

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5878
  • Stories: 2
  • Year Built: 1929
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Garbage Disposal, Gas Dryer Hookup, Range/Oven
  • Price Per S Q F T: 305.38

Exterior Features

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

Garage/Parking

  • Parking Garage: Garage - 4+ Car
  • Total Parking: 4

Utilities

  • Heating: Forced Air

Lot Info

  • Assessor Parcel Number: 5526-041-025
  • Geocode Override: No
  • Lot Size Area: 6499

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.96
  • Number Of Units: 4
  • Total Annual Expense: 16217
  • Type Of Units: Four-Plex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2020
Sold by
Cosgrove Jack Benjamin and Cosgrove Rona Lee
Bought by
Allenby Properties Llc
Current Estimated Value
$2,543,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,145,000
Outstanding Balance
$1,010,458
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,533,263

Purchase Details

Closed on
Apr 2, 2020
Sold by
Allenby Properties Llc
Bought by
Cosgrove Jack Benjamin and Cosgrove Rona Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,145,000
Outstanding Balance
$1,010,458
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,533,263

Purchase Details

Listed on
Apr 3, 2015
Closed on
Sep 17, 2015
Sold by
Cosgrove Jack Benjamin
Bought by
Allenby Properties Llc
Seller's Agent
Lee Ziff
Keller Williams Beverly Hills
Buyer's Agent
Sean Rosenzweig
Marcus & Millichap
List Price
$1,795,000
Sold Price
$1,885,000
Premium/Discount to List
$90,000
5.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.00%

Purchase Details

Closed on
May 1, 2015
Sold by
Cohn Betty S
Bought by
Cosgrove Jack Benjamin and Cosgrove Rona Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,202,925
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2004
Sold by
Cohn Betty Reis
Bought by
Cohn Betty S and The Betty S Cohn Revocable Trust
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
Allenby Properties Llc -- None Available
Cosgrove Jack Benjamin -- Fidelity National Title
Allenby Properties Llc -- Accommodation
Cosgrove Jack Benjamin $1,885,000 Fatcola
Cohn Betty S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cosgrove Jack Benjamin $1,145,000
Previous Owner Cosgrove Jack Benjamin $1,202,925
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2015 08/28/15 Sold $1,885,000 +5.0% $321 / Sq Ft
04/23/2015 04/23/15 Pending -- -- --
04/03/2015 04/03/15 For Sale $1,795,000 -- $305 / 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 $27,012 $2,231,450 $1,306,081 $925,369
2024 $27,012 $2,187,697 $1,280,472 $907,225
2023 $26,494 $2,144,802 $1,255,365 $889,437
2022 $25,272 $2,102,748 $1,230,750 $871,998
2021 $24,944 $2,061,518 $1,206,618 $854,900
2019 $24,200 $2,000,375 $1,170,830 $829,545
2018 $24,018 $1,961,153 $1,147,873 $813,280
2016 $22,941 $1,885,000 $1,320,000 $565,000
2015 $2,096 $136,020 $58,323 $77,697
2014 $2,132 $133,357 $57,181 $76,176
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-892981

The MLS

APN: 5526-041-025