NOT LISTED FOR SALE
12 Beds
12 Baths
7,148 Sq Ft
0.36 Acre Lot

Sale Details

Date Sold: February 24, 2017

Last sale price $2,400,000 $336 Per Sq Ft

16 Days on Market

About This Home

As of February 2017

12-unit apartment building located on the border of Los Angeles's East Hollywood and Silver Lake neighborhoods. This area's popularity hasgrown significantly over the recent years, being named one of the nation's top neighborhoods by Forbes and CNNMoney. Catering to families and hipsters alike, this eclectic enclave boasts some of the nation's most lauded food trucks and restaurants, like Cafecito Organico, farmers' markets, a booming arts scene and one of the largest creative class communities in the country. This area is experiencing a gentrification, including the neighboring parcel entitled for small-lot development plans.

Last Agent to Sell the Property

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 01/03/2017

Last Buyer's Agent

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 01/03/2017

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 0.36

Parking

  • On-Street Parking

Interior Spaces

  • 7,148 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Additional Features

  • 15,501 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 5539-013-032

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0.36 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7148
  • Stories: 2
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 12.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 335.76

Exterior Features

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

Garage/Parking

  • Parking Garage: On street

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 79712
  • Assessed Land Value: 81159
  • Assessor Parcel Number: 5539-013-032
  • Geocode Override: No
  • Lot Size Area: 15501

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 15.19
  • Number Of Units: 12
  • Rent Control: 100
  • Type Of Units: Apartment

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2022
Sold by
Arc Normal Llc
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,188,000
Outstanding Balance
$2,037,523
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 3, 2017
Closed on
Jan 19, 2017
Sold by
Wfs Properties La Llc
Bought by
Arc Normal Llc
Seller's Agent
Neema Ahadian
Marcus & Millichap
Buyer's Agent
Neema Ahadian
Marcus & Millichap
List Price
$2,400,000
Sold Price
$2,400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,235,000
Interest Rate
4.12%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 22, 2000
Sold by
Wfs Properties Llc
Bought by
Wfs Properties La Llc

Purchase Details

Closed on
Jan 5, 1998
Sold by
Barrett Virginia L
Bought by
Barrett Richard C

Purchase Details

Closed on
Apr 7, 1997
Sold by
William F Shortmeier Trust and Virginia L
Bought by
Barrett Virginia L

Purchase Details

Closed on
Jun 21, 1994
Sold by
Shortmeier William F
Bought by
Shortmeier William F
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,825,000 Commonwealth Land Title
Arc Normal Llc $2,400,000 North American Title Company
Wfs Properties La Llc -- --
Barrett Richard C -- --
Wfs Properties Llc -- --
Barrett Virginia L -- --
Shortmeier William F -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,188,000
Previous Owner Arc Normal Llc $2,139,000
Previous Owner Arc Normal Llc $1,235,000
Previous Owner Wfs Properties La Llc $750,000
Previous Owner Wfs Properties La Llc $611,325
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/24/2017 02/24/17 Sold $2,400,000 0.0% $336 / Sq Ft
01/19/2017 01/19/17 Pending -- -- --
01/03/2017 01/03/17 For Sale $2,400,000 -- $336 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $52,685 $4,140,301 $2,489,593 $1,650,708
2025 $52,685 $4,059,120 $2,440,778 $1,618,342
2024 $52,357 $3,979,530 $2,392,920 $1,586,610
2023 $48,346 $3,901,500 $2,346,000 $1,555,500
2022 $32,132 $2,624,746 $1,859,196 $765,550
2021 $31,728 $2,573,282 $1,822,742 $750,540
2019 $30,800 $2,496,960 $1,768,680 $728,280
2018 $30,592 $2,448,000 $1,734,000 $714,000
2016 $3,074 $160,871 $81,159 $79,712
2015 $3,046 $158,455 $79,940 $78,515
2014 $3,142 $155,352 $78,375 $76,977
Source: Public Records

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Map

Source: The MLS

MLS Number: 17-189384

The MLS
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