S
Seller's Agent in 2024
Sean Ferdowsian
The Agent and Company
(800) 886-3080
1 in this area
29 Total Sales
4048 Garden Ave Los Angeles, CA 90039
Atwater Village NeighborhoodEstimated Value: $1,749,000 - $2,098,000
8
Beds
8
Baths
3,913
Sq Ft
$503/Sq Ft
Est. Value
Highlights
- Custom Home
- No HOA
- Hiking Trails
- John Marshall Senior High Rated A
- Neighborhood Views
- Double Oven
About This Home
As of June 2024Back on the market!!! PROPERTY WILL BE DELIVERED WITH TWO VACANT UNITS! Looking for an income generating investment property that pays the mortgage for you? Look no further, this turnkey multi-unit complex is located in Los Feliz, near the Atwater Village area. This quadruplex will attract high quality tenants very fast! With Griffith Observatory, Adams Square and Glassel Park nearby this is a very sought after location. It is conveniently located around the corner from nearby restaurants, grocery stores, shops and the I-5 freeway. Perform the ultimate house hack by living in one unit and renting the other three out! Upgrades include but are not limited to, all four units having new copper plumbing, new water heater, bathrooms have been remodeled and all four units have updated flooring. Kitchens have new granite and quartz countertops. Great curb appeal with new exterior paint and artificial turf. Property includes a community laundry room downstairs with a commercial washer and dryer. This quadruplex offers the following: Unit 1: 3 bedrooms 2.5 bathrooms Unit 2: 1 bedroom 1 bathroom Unit 3&4: 2 bedrooms 2 bathrooms. Tenants currently pay for gas and electricity and owner pays for water and outside electricity. Do not disturb tenants.
Last Agent to Sell the Property
The Agent and Company Brokerage Email: sean@theagent.co License #02098433 Listed on: 02/11/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,151
Year Built
- Built in 1971 | Remodeled
Lot Details
- 5,120 Sq Ft Lot
- 1 Common Wall
- Wood Fence
- Density is 2-5 Units/Acre
Home Design
- Custom Home
- Spanish Architecture
- Quadruplex
- Entry on the 1st floor
- Flat Roof Shape
- Slab Foundation
- Fire Rated Drywall
- Spanish Tile Roof
- Asphalt Roof
- Pre-Cast Concrete Construction
- Asphalt
Interior Spaces
- 3,913 Sq Ft Home
- 2-Story Property
- Family Room
- Living Room
- Laminate Flooring
- Neighborhood Views
Kitchen
- Double Oven
- Gas Oven
- Gas Range
- Dishwasher
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Dryer
- Washer
Parking
- 4 Open Parking Spaces
- 6 Parking Spaces
- 2 Carport Spaces
- Parking Available
- Driveway
Utilities
- Cooling System Mounted To A Wall/Window
- Central Air
- Water Heater
Listing and Financial Details
- Tenant pays for all utilities, electricity, gas
- Legal Lot and Block 15 / M
- Tax Tract Number 5358
- Assessor Parcel Number 5594005029
- $549 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Amenities
- Laundry Facilities
Recreation
- Park
- Dog Park
- Hiking Trails
Building Details
- 2 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,300
- Water Sewer Expense $1,200
- Operating Expense $2,500
- Gross Income $120,612
- Net Operating Income $118,812
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 11, 2024
Closed on
Jul 15, 2024
Sold by
Franco Gabi and Franco Lisa Y
Bought by
4048 Garden Avenue Llc
Seller's Agent
Sean Ferdowsian
The Agent and Company
Buyer's Agent
Scott Gardner
eXp Realty of California, Inc.
List Price
$1,995,000
Sold Price
$2,010,000
Premium/Discount to List
$15,000
0.75%
Views
41
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
-$43,000
Avg. Annual Appreciation
-2.35%
Original Mortgage
$1,608,000
Outstanding Balance
$1,589,626
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$361,041
Purchase Details
Listed on
Feb 11, 2024
Closed on
Jul 9, 2024
Sold by
Franco Gabi and Franco Lisa Y
Bought by
4048 Garden Avenue Llc
Seller's Agent
Sean Ferdowsian
The Agent and Company
Buyer's Agent
Scott Gardner
eXp Realty of California, Inc.
List Price
$1,995,000
Sold Price
$2,010,000
Premium/Discount to List
$15,000
0.75%
Views
41
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,608,000
Outstanding Balance
$1,589,626
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$361,041
Purchase Details
Listed on
Feb 11, 2024
Closed on
Jun 5, 2024
Sold by
Garcia Emmanuel
Bought by
Franco Gabi and Franco Lisa Y
Seller's Agent
Sean Ferdowsian
The Agent and Company
Buyer's Agent
Scott Gardner
eXp Realty of California, Inc.
List Price
$1,995,000
Sold Price
$2,010,000
Premium/Discount to List
$15,000
0.75%
Views
41
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,608,000
Outstanding Balance
$1,589,626
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$361,041
Purchase Details
Listed on
Dec 1, 2020
Closed on
Jun 18, 2021
Sold by
Gutierrez Monica P and The Armida R Baez Revocable Tr
Bought by
Garcia Emmanuel
Seller's Agent
Cindy Ruiz
RE/MAX Galaxy
Buyer's Agent
Cindy Ruiz
RE/MAX Galaxy
List Price
$1,798,000
Sold Price
$1,650,000
Premium/Discount to List
-$148,000
-8.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.12%
Original Mortgage
$1,609,430
Interest Rate
2.93%
Mortgage Type
FHA
Purchase Details
Closed on
Oct 21, 2020
Sold by
Baez Armiida R and Gutierrez Monica P
Bought by
Gutierrez Monica P and Armida R Baez Revocable Trust
Purchase Details
Closed on
Jan 27, 2017
Sold by
Baez Armida Rose
Bought by
Baez Armida R and The Armida R Baez Revocable Trust
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 |
|---|---|---|---|
| 4048 Garden Avenue Llc | -- | None Listed On Document | |
| 4048 Garden Avenue Llc | -- | None Listed On Document | |
| Franco Gabi | $2,010,000 | First American Title Company | |
| Garcia Emmanuel | $1,650,000 | Wfg National Title Company | |
| Gutierrez Monica P | -- | None Available | |
| Baez Armida R | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Franco Gabi | $1,608,000 | |
| Previous Owner | Garcia Emmanuel | $1,609,430 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2024 06/10/24 | Sold | $2,010,000 | +3.1% | $514 / Sq Ft |
| 04/18/2024 04/18/24 | Price Changed | $1,950,000 | -2.3% | $498 / Sq Ft |
| 02/11/2024 02/11/24 | For Sale | $1,995,000 | +20.9% | $510 / Sq Ft |
| 07/30/2021 07/30/21 | Sold | $1,650,000 | -8.2% | $422 / Sq Ft |
| 06/13/2021 06/13/21 | Pending | -- | -- | -- |
| 05/10/2021 05/10/21 | For Sale | $1,798,000 | 0.0% | $459 / Sq Ft |
| 02/28/2021 02/28/21 | Pending | -- | -- | -- |
| 12/01/2020 12/01/20 | For Sale | $1,798,000 | -- | $459 / 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 |
|---|---|---|---|---|
| 2025 | $21,151 | $2,010,000 | $1,230,000 | $780,000 |
| 2024 | $21,151 | $1,716,660 | $936,360 | $780,300 |
| 2023 | $19,274 | $1,560,600 | $728,280 | $832,320 |
| 2022 | $18,380 | $1,530,000 | $714,000 | $816,000 |
| 2021 | $2,037 | $136,287 | $36,884 | $99,403 |
| 2020 | $2,047 | $135,490 | $36,506 | $98,984 |
| 2019 | $1,983 | $132,846 | $35,791 | $97,055 |
| 2018 | $1,913 | $130,254 | $35,090 | $95,164 |
| 2016 | $1,785 | $124,621 | $33,728 | $90,893 |
| 2015 | $1,763 | $122,750 | $33,222 | $89,528 |
| 2014 | $1,795 | $120,347 | $32,572 | $87,775 |
Source: Public Records
Agents Affiliated with this Home
-
Sean Ferdowsian
-
Scott Gardner
Buyer's Agent in 2024
Scott Gardner
eXp Realty of California, Inc.
(619) 560-2068
1 in this area
33 Total Sales
-
Cindy Ruiz
Seller's Agent in 2021
Cindy Ruiz
RE/MAX
(909) 973-9677
1 in this area
48 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24029470
APN: 5594-005-029
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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