NOT LISTED FOR SALE

4010 Prospect Ave Los Angeles, CA 90027

Los Feliz Neighborhood

Estimated Value: $1,139,000 - $1,753,281

4 Beds
2 Baths
1,976 Sq Ft
$691/Sq Ft Est. Value

Last Sold October 31, 2022

Last sale price $975,000 $493 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $8,201/month

132 Days on Market

Highlights

  • 2 Car Detached Garage
  • Franklin Avenue Elementary Rated A-
  • Forced Air Heating System

About This Home

As of October 2022

Rare opportunity to own a duplex in Franklin Hills, Hollywood. The front unit consists of two bedrooms, one bath with large private patio. The rear unit consists of two bedrooms, one bath with access to large yard with city views. There is a large garage and full basement under rear unit. There is huge potential in this investment property to add an additional ADU unit with existing basement conversion. Garage was once an un-permitted unit, but currently capped off, which could turn this into a 3 unit property with the right crafty or handy buyer. Buyer to check with city for ADU requirements. Both units are currently tenant occupied with month to month leases. Walking distance to Hollywood Blvd, local shopping, & Public Transit.

Last Agent to Sell the Property

Jose Barba

Home Sales Team Inc License #01445778 Listed on: 03/30/2022

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1947

Lot Details

  • 5,375 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • 1,976 Sq Ft Home
  • Duplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Utilities

  • Forced Air Heating System
  • Private Sewer

Listing and Financial Details

  • Total Actual Rent $3,300

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,200
  • Operating Expense $2,550
  • Gross Income $3,300

Property Details

Home Type

Multi-Family

Year Built

1947

Lot Details

5,375 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: LAR1
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Living Sq Ft: 1976

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Private

Lot Info

  • Lot Acres: 0.1234
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5375.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5375.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 295.45
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expenses Total: 2550
  • Income Annual Gross: 3300.00
  • Income Annual Rental: 3300
  • Income Gross Scheduled: 3300
  • Income Includes: Lease
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance
  • Tenant Expenses: All Expenses

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2022
Closed on
Nov 16, 2022
Sold by
Ma Abayachi Living Trust
Bought by
Ochoa Maria Cristina and Martinez Jorge
Seller's Agent
Jose Barba
Home Sales Team Inc
Buyer's Agent
RECIP
Out of Area Office
List Price
$995,000
Sold Price
$975,000
Premium/Discount to List
-$20,000
-2.01%
Views
9
Current Estimated Value
$1,365,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,070
Avg. Annual Appreciation
10.40%
Original Mortgage
$731,250
Outstanding Balance
$701,874
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$663,196

Purchase Details

Closed on
Apr 12, 2001
Sold by
Abayachi M A
Bought by
Abayachi M A and M A Abayachi Living 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
Ochoa Maria Cristina $975,000 Wfg National Title Insurance C
Abayachi M A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ochoa Maria Cristina $731,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2022 10/31/22 Sold $975,000 0.0% $493 / Sq Ft
08/10/2022 08/10/22 Pending -- -- --
07/28/2022 07/28/22 Price Changed $975,000 +8.9% $493 / Sq Ft
06/27/2022 06/27/22 Price Changed $895,000 -10.1% $453 / Sq Ft
04/12/2022 04/12/22 For Sale $995,000 0.0% $504 / Sq Ft
04/01/2022 04/01/22 Pending -- -- --
03/30/2022 03/30/22 For Sale $995,000 -- $504 / Sq Ft
Source: MLSListings

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 $12,238 $1,014,390 $811,512 $202,878
2024 $12,238 $994,500 $795,600 $198,900
2023 $12,001 $975,000 $780,000 $195,000
2022 $2,687 $204,767 $109,080 $95,687
2021 $2,645 $200,753 $106,942 $93,811
2020 $2,667 $198,696 $105,846 $92,850
2019 $2,570 $194,801 $103,771 $91,030
2018 $2,486 $190,983 $101,737 $89,246
2016 $2,356 $183,570 $97,788 $85,782
2015 $2,324 $180,814 $96,320 $84,494
2014 $2,344 $177,273 $94,434 $82,839
Source: Public Records

Agents Affiliated with this Home

  • Jose Barba

    Seller's Agent in 2022

    Jose Barba

    Home Sales Team Inc

    (650) 733-1000

    2 in this area

    62 Total Sales

    Jose Barba
    Section Image

  • R

    Buyer's Agent in 2022

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81884666

MLSListings

APN: 5430-005-003

California Los Angeles County Los Angeles 90027 Los Feliz

4010 Prospect Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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