NOT LISTED FOR SALE

Estimated Value: $1,158,000 - $1,983,343

5 Beds
3 Baths
2,060 Sq Ft
$754/Sq Ft Est. Value

Last Sold October 31, 2017

Last sale price $1,384,000 $672 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $9,717/month

12 Days on Market

Highlights

  • Gated Parking
  • Wood Flooring
  • Air Conditioning
  • John Marshall Senior High Rated A
  • Double Pane Windows
  • Tankless Water Heater

About This Home

As of October 2017

At the convergence of Silver Lake, Hi-Fi, and K-town, find this appropriately hip and stylish income property. Less your run of the mill triplex and more a mini compound, 420 N Commonwealth is comprised of three fenced and gated stand-alone bungalows, each with private outdoor spaces and ample parking. All units were taken down to the studs in 2015 and afford tenants in-unit laundry, gleaming solid oak floors, tastefully appointed open-concept kitchens, modern and bright bathrooms, dual-pane windows, tankless water heaters, and energy efficient HVAC systems. While the property has functioned for two years as a fully occupied, bread and butter income producer, a recent vacancy in the largest of the units (2 bedrooms, 1 bathroom, 834 square feet -- most recently rented for $3,020/month) allows the next owner to either collect market rentor move right in as an owner-user.

Last Agent to Sell the Property

Geoff Borys

Compass License #01928098 Listed on: 08/24/2017

Compass

Last Buyer's Agent

Mary Ann Magpile

License #00367970

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,032

Year Built

  • Built in 1924

Lot Details

  • 7,500 Sq Ft Lot
  • Property is zoned LAR2

Home Design

  • Bungalow

Interior Spaces

  • 2,060 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 8 Parking Spaces
  • Driveway
  • Gated Parking
  • Assigned Parking

Utilities

  • Air Conditioning
  • Tankless Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 5539-035-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,032

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Street Number Display: Yes
  • Advertising Remarks: At the convergence of Silver Lake, Hi-Fi, and K-town, find this appropriately hip and stylish income property. Less your run of the mill triplex and more a mini compound, 420 N Commonwealth is comprised of three fenced and gated stand-alone bungalows, each with private outdoor spaces and ample parking. All units were taken down to the studs in 2015 and afford tenants in-unit laundry, gleaming solid oak floors, tastefully appointed open-concept kitchens, modern and bright bathrooms, dual-pane windows, tankless water heaters, and energy efficient HVAC systems. While the property has functioned for two years as a fully occupied, bread and butter income producer, a recent vacancy in the largest of the units (2 bedrooms, 1 bathroom, 834 square feet -- most recently rented for $3,020/month) allows the next owner to either collect market rentor move right in as an owner-user.
  • Living Area: 2060
  • Stories: 1
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 5
  • Common Walls: Detached/No Common Walls
  • Total Bathrooms: 3.00
  • Equipment: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 654.85
  • Windows: Double Pane Windows

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned, Driveway, Gated
  • Total Parking: 8

Utilities

  • Water Heater: Tankless
  • Cooling: Air Conditioning

Lot Info

  • Assessed Improvement Value: 96448
  • Assessed Land Value: 385795
  • Assessor Parcel Number: 5539-035-009
  • Geocode Override: No
  • Lot Size Area: 7500

Rental Info

  • Owner Pays: Gardener, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 14.42
  • Number Of Units: 3
  • Rent Control: 100
  • Type Of Units: triplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2017
Closed on
Oct 26, 2017
Sold by
Rozdal Laufer Moses Abraham and Rozdal Laufer Aviva
Bought by
Ramos Jonathan J and Ramos Cecilia C
Seller's Agent
Geoff Borys
Compass
Buyer's Agent
Mary Ann Magpile
List Price
$1,349,000
Sold Price
$1,384,000
Premium/Discount to List
$35,000
2.59%
Current Estimated Value
$1,553,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,336
Avg. Annual Appreciation
1.46%
Original Mortgage
$875,000
Outstanding Balance
$731,848
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$821,488

Purchase Details

Listed on
Jan 27, 2016
Closed on
May 12, 2016
Sold by
420 Commonwealth Corporation
Bought by
Rozdal Laufer Moses Abraham and Rozdal Laufer Aviva
Seller's Agent
Talwinder Rana
On It Realty
Buyer's Agent
Geoff Borys
Compass
List Price
$1,495,000
Sold Price
$1,226,800
Premium/Discount to List
-$268,200
-17.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.99%
Original Mortgage
$858,760
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 8, 2014
Closed on
Sep 23, 2014
Sold by
Watanabe Chiemi Julie and Hisaya Hasegawa Living Trust
Bought by
420 Commonwealth Corporation
Seller's Agent
Alex Chavez
Ken Nakaoka Company
Buyer's Agent
Alex Chavez
Ken Nakaoka Company
List Price
$435,000
Sold Price
$475,000
Premium/Discount to List
$40,000
9.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
77.72%

Purchase Details

Closed on
Jul 29, 2011
Sold by
Hasegawa Hisaya Joe
Bought by
Hasegawa Hisaya and The Hisaya Hasegawa Living Tru

Purchase Details

Closed on
Apr 26, 1996
Sold by
Hasegawa Hisaya Joe and Hasegawa Setsuko May
Bought by
Hasegawa Hisaya Jose and Hasegawa Setsuko May
Source: Public Records

Range of Values:

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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
Ramos Jonathan J $1,384,000 First American Title Company
Rozdal Laufer Moses Abraham $1,227,000 Lawyers Title Company
420 Commonwealth Corporation $475,000 Lawyers Title
Hasegawa Hisaya -- None Available
Hasegawa Hisaya Jose -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramos Jonathan J $875,000
Previous Owner Rozdal Laufer Moses Abraham $858,760
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2017 10/31/17 Sold $1,384,000 +2.6% $672 / Sq Ft
08/24/2017 08/24/17 For Sale $1,349,000 +10.0% $655 / Sq Ft
06/07/2016 06/07/16 Sold $1,226,800 -17.9% $596 / Sq Ft View Prior Sale
04/02/2016 04/02/16 Pending -- -- --
01/27/2016 01/27/16 For Sale $1,495,000 +214.7% $726 / Sq Ft
10/14/2014 10/14/14 Sold $475,000 +9.2% $231 / Sq Ft View Prior Sale
09/19/2014 09/19/14 Pending -- -- --
09/08/2014 09/08/14 For Sale $435,000 -- $211 / Sq Ft
Source: The MLS

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 $19,032 $1,574,751 $1,137,827 $436,924
2024 $19,032 $1,543,874 $1,115,517 $428,357
2023 $18,664 $1,513,603 $1,093,645 $419,958
2022 $17,799 $1,483,925 $1,072,201 $411,724
2021 $17,585 $1,454,829 $1,051,178 $403,651
2020 $17,765 $1,439,913 $1,040,400 $399,513
2019 $17,061 $1,411,680 $1,020,000 $391,680
2018 $16,882 $1,384,000 $1,000,000 $384,000
2016 $6,042 $482,243 $385,795 $96,448
2015 $5,956 $475,000 $380,000 $95,000
2014 $836 $49,549 $37,977 $11,572
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-262026

The MLS

APN: 5539-035-009