NOT LISTED FOR SALE

3916 Woolwine Dr Los Angeles, CA 90063

Estimated Value: $765,000 - $1,014,000

5 Beds
2 Baths
1,965 Sq Ft
$474/Sq Ft Est. Value

Last Sold October 24, 2024

Last sale price $970,000 $494 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $5,500/month

53 Days on Market

About This Home

As of October 2024

Welcome to this lovely multi family residence property that has a freshly painted exterior and new roof. You’ll have your own private backyard and patio with plenty of room for BBQs and for kids & pets to run around. The backyard has adequate space to install a tiny house. The house has been renovated over the years to maintain the feel and look of this majestic development by Walter Leimert. This property has a spectacular view of the Monterrey Hills. The combination of unique houses and rolling topography give City Terrace a distinct charm within the landscape in Los Angeles. Nestled deep in its alleys and canyons are murals, sculptures, and charming houses with colorful gardens. This amazing multi family residence is a great opportunity for investors and first time buyers who want to live in one and collect rent for the second unit. According to most recent data, the average rent in the 90063 area is $2,799. This spectacular and beautiful property is located on one of the most desirable neighborhoods in Los Angeles with a centralized location to most cities such as Glendale, Pasadena, Alhambra, Downey, Whittier, LAX, and Burbank Airport.

The prime location of this property is adjacent to easy access to the 10 freeway putting you within minutes of Downtown, Art District, Dodger Stadium, USC and CSU-LA.

Schools near the property include City Terrace elementary school and Engineering and Technology Academy Esteban Torres highs School. Do not miss out of living in the most fascinating pockets in the geography of L.A.

Last Agent to Sell the Property

Jose Guevara

Iberri & Associates Real Estate Brokerage Phone: 562-307-3393 License #01355641 Listed on: 07/05/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 5,242 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,965 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 113
  • Tax Tract Number 648
  • Assessor Parcel Number 5228006001
  • $1,124 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $3,135
  • Maintenance Expense $1,100
  • Trash Expense $8
  • Water Sewer Expense $1,701
  • Operating Expense $7,144
  • Gross Income $5,425
  • Net Operating Income $57,956

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1701.00
  • Zoning: LCR3*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5228006001
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 493.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 8.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5242.00
  • Lot Size Acres: 0.1203

Multi Family

  • Gross Income: 5425.00
  • Gross Scheduled Income: 5425.00
  • Insurance Expense: 3135.00
  • Lot Size Area: 5242.0000 Square Feet
  • Maintenance Expense: 1100.00
  • Net Operating Income: 57956.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7144.00
  • Rent Control: Yes
  • Total Expenses: 7144.00

Tax Info

  • Tax Census Tract: 5308.02
  • Tax Lot: 113
  • Tax Tract Number: 648
  • TaxOtherAnnualAssessmentAmount: 1124.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2024
Closed on
Sep 13, 2024
Sold by
Noriega Inigo Ernesto and Noriega Carmen Irene
Bought by
Riley Matthew Hunter
Seller's Agent
Jose Guevara
Iberri & Associates Real Estate
List Price
$1,250,000
Sold Price
$970,000
Premium/Discount to List
-$280,000
-22.4%
Views
8
Current Estimated Value
$930,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,379
Avg. Annual Appreciation
-3.34%
Original Mortgage
$873,000
Outstanding Balance
$862,674
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$67,947

Purchase Details

Listed on
Apr 5, 2013
Closed on
May 15, 2013
Sold by
Wolwode Annette
Bought by
Noriega Inigo Ernesto
Seller's Agent
Polly Watts
Shelter Club Realty, Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$449,900
Sold Price
$439,000
Premium/Discount to List
-$10,900
-2.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.23%
Original Mortgage
$336,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2012
Sold by
Palmquist Troy D
Bought by
Skyline Vista Equities Llc

Purchase Details

Closed on
Jul 30, 2012
Sold by
Iracheta Juan and Iracheta Elaine
Bought by
Palmquist Troy D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Riley Matthew Hunter $970,000 Orange Coast Title Company
Noriega Inigo Ernesto -- Fidelity National Title Co
Noriega Inigo Ernesto $439,000 Fidelity National Title Co
Skyline Vista Equities Llc -- Fidelity National Title Co
Palmquist Troy D $263,100 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riley Matthew Hunter $873,000
Previous Owner Noriega Inigo Ernesto $336,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2024 10/24/24 Sold $970,000 -4.9% $494 / Sq Ft
08/09/2024 08/09/24 Price Changed $1,020,000 -18.4% $519 / Sq Ft
07/05/2024 07/05/24 For Sale $1,250,000 +184.7% $636 / Sq Ft
06/20/2013 06/20/13 Sold $439,000 -2.4% $223 / Sq Ft View Prior Sale
05/09/2013 05/09/13 Pending -- -- --
04/05/2013 04/05/13 For Sale $449,900 -- $229 / 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 $7,593 $970,000 $500,000 $470,000
2024 $7,593 $529,985 $193,161 $336,824
2023 $7,299 $519,594 $189,374 $330,220
2022 $6,968 $509,407 $185,661 $323,746
2021 $6,886 $499,420 $182,021 $317,399
2019 $6,681 $484,829 $176,623 $308,206
2018 $6,584 $475,328 $173,160 $302,168
2016 $6,226 $456,661 $166,437 $290,224
2015 $6,131 $449,802 $163,937 $285,865
2014 $6,131 $440,992 $160,726 $280,266
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24137593

California Regional Multiple Listing Service (CRMLS)

APN: 5228-006-001