NOT LISTED FOR SALE

Estimated Value: $1,829,752 - $2,241,000

8 Beds
6 Baths
3,100 Sq Ft
$636/Sq Ft Est. Value

Last Sold April 05, 2019

Last sale price $1,405,000 $453 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $11,812/month

8 Days on Market

Highlights

  • Ceiling Fan
  • Franklin Avenue Elementary Rated A-
  • 2 Car Garage

About This Home

As of April 2019

This is one of the truly great multi-family properties in the Silver Lake/Los Feliz area. The positives are numerous: a) tons of charm and character with original hardwood floors b) property mostly in very good condition, c) great location-great views of the nearby hills and Griffith Pk, quiet spot surrounded by classic Los Feliz single family and mutli-family homes. Walking distance to all shops and restaurants on Hyperion d) each unit has a good-sized deck dedicated to it with great views, e) two car garage, f) the two large 3 bed units have dining rooms in addition to breakfast nook and good-sized living rooms, g) lots of upside with tenants who are paying not that much below market rent, i.e. good opportunity for re-positioning on rental income. h) foundation was retrofitted in 2008. Note - the property has been operating as a three unit for about 50 years and public records show it as a three unit, but the city only shows permits for two units. Buyer to do own due diligence.

Last Agent to Sell the Property

Ken Shapiro

Silverwood Properties License #01715663 Listed on: 01/29/2019

Last Buyer's Agent

Blake Hood

Compass License #01942790

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 6,107

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 3,100 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Additional Features

  • 6,107 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5433-021-013

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3100
  • Stories: 3
  • Year Built: 1931
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 6.00
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 448.39

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 2

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 62713
  • Assessed Land Value: 44547
  • Assessor Parcel Number: 5433-021-013
  • Geocode Override: No
  • Lot Size Area: 6107

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 17.95
  • Number Of Units: 2
  • Type Of Units: Duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2020
Sold by
Birney Susan
Bought by
Birney Susan and The Birney Family Trust
Current Estimated Value
$1,972,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,126,000
Outstanding Balance
$993,999
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$978,689

Purchase Details

Closed on
Jul 1, 2019
Sold by
Birney Susan
Bought by
Birney Susan and The Birney Family Trust

Purchase Details

Listed on
Jan 29, 2019
Closed on
Feb 21, 2019
Sold by
Sherman Susi Hali and Rosenblum Margie Elaine
Bought by
Birney Susan
Seller's Agent
Ken Shapiro
Silverwood Properties
Buyer's Agent
Blake Hood
Compass
List Price
$1,390,000
Sold Price
$1,405,000
Premium/Discount to List
$15,000
1.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.11%
Original Mortgage
$1,124,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2008
Sold by
Rosenblum Thelma K and Rosenblum Family Trust
Bought by
Rosenblum Thelma K and Rosenblum Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Birney Susan -- Lawyers Title Company
Birney Susan -- Lawyers Title Company
Birney Susan -- None Available
Birney Susan $1,405,000 Old Republic Title
Rosenblum Thelma K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Birney Susan $1,126,000
Closed Birney Susan $1,124,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2019 04/05/19 Sold $1,405,000 +1.1% $453 / Sq Ft
01/29/2019 01/29/19 For Sale $1,390,000 -- $448 / Sq Ft
Source: The MLS

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 $18,832 $1,567,299 $1,115,517 $451,782
2024 $18,832 $1,536,569 $1,093,645 $442,924
2023 $18,466 $1,506,441 $1,072,201 $434,240
2022 $17,604 $1,476,904 $1,051,178 $425,726
2021 $17,385 $1,447,946 $1,030,567 $417,379
2019 $1,674 $111,591 $46,345 $65,246
2018 $1,612 $109,404 $45,437 $63,967
2016 $1,466 $105,158 $43,674 $61,484
2015 $1,448 $103,579 $43,018 $60,561
2014 $1,466 $101,551 $42,176 $59,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-428882

The MLS

APN: 5433-021-013