NOT LISTED FOR SALE

4209 Whitsett Ave Studio City, CA 91604

Estimated Value: $1,700,000 - $2,556,000

10 Beds
8 Baths
5,224 Sq Ft
$408/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $1,500,000 $287 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $13,137/month

48 Days on Market

Highlights

  • Laundry Room
  • Ulysses S. Grant Senior High School Rated A-
  • Front Yard

About This Home

As of February 2020

Amazing four-unit investment opportunity in the incredible central location of Studio City! The building features two downstairs units and two upstairs units. Each spacious unit boasts 2-3 bedrooms and a fireplace. Upper units feature balconies while lower units feature private patios. Tenants will appreciate the parking in the rear of the building and the attractive landscaping in the front yard. The fourplex is within walking distance of a golf/tennis center, parks, shopping, coffee shops, restaurants, and even a library. Find entertainment minutes away at Universal City. Nature lovers will enjoy Coldwater Canyon, Franklin Canyon, and Griffith Park, each just a few minutes’ drive. Well-rated schools and Valley College are close by. UCLA is only 20 minutes away, and Bob Hope airport is a convenient 15-minute drive. Don’t miss the chance to own this great location!

Last Agent to Sell the Property

Ruben Martinez

Fiduciary Real Estate Services License #01027549 Listed on: 10/08/2019

Co-Listed By

Logan Martinez

Fiduciary Real Estate Services License #01960924

Last Buyer's Agent

Ruben Martinez

Fiduciary Real Estate Services License #01027549 Listed on: 10/08/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,892

Year Built

  • Built in 1964

Lot Details

  • 5,001 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 4 Car Garage

Home Design

  • 5,224 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 210
  • Tax Tract Number 1000
  • Assessor Parcel Number 2375015045

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $702
  • Insurance Expense $4,551
  • Maintenance Expense $16,303
  • Trash Expense $2,521
  • Water Sewer Expense $4,350
  • New Taxes Expense $22,488
  • Operating Expense $63,144
  • Gross Income $105,058
  • Net Operating Income $53,072

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,892

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 4350.10
  • Zoning: LAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 2375015045
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 287.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2520.60
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5001.00
  • Lot Size Acres: 0.1148

Multi Family

  • Electric Expense: 702.10
  • Gross Income: 105058.00
  • Gross Scheduled Income: 105058.00
  • Insurance Expense: 4550.90
  • Lot Size Area: 5001.0000 Square Feet
  • Maintenance Expense: 16303.00
  • Net Operating Income: 53072.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 4
  • Operating Expense: 51985.80
  • Other Income1: 49.00
  • Other Income Description: RSO Fee
  • Rent Control: Yes
  • Total Expenses: 63144.44

Tax Info

  • New Taxes Expense: 22488.00
  • Tax Census Tract: 1435.00
  • Tax Lot: 210
  • Tax Tract Number: 1000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2019
Closed on
Feb 11, 2020
Sold by
Desepio Carol De and Weatherly 2004 Revocable Inter
Bought by
Whitsett Investments Llc
Seller's Agent
Ruben Martinez
Fiduciary Real Estate Services
Buyer's Agent
Ruben Martinez
Fiduciary Real Estate Services
List Price
$1,799,000
Sold Price
$1,500,000
Premium/Discount to List
-$299,000
-16.62%
Current Estimated Value
$2,106,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$606,820
Avg. Annual Appreciation
6.61%

Purchase Details

Closed on
Jun 28, 2004
Sold by
Weatherly Robert W
Bought by
Weatherly Robert W and The Weatherly 2004 Revocable Inter Vivos
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
Whitsett Investments Llc $1,500,000 Fidelity National Title Co
Weatherly Robert W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whiiscti Investments Llc $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2020 02/14/20 Sold $1,500,000 -16.6% $287 / Sq Ft
11/25/2019 11/25/19 Pending -- -- --
10/08/2019 10/08/19 For Sale $1,799,000 -- $344 / 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 $19,892 $1,640,466 $984,280 $656,186
2024 $19,892 $1,608,301 $964,981 $643,320
2023 $19,509 $1,576,766 $946,060 $630,706
2022 $18,604 $1,545,850 $927,510 $618,340
2021 $18,358 $1,515,540 $909,324 $606,216
2020 $12,027 $957,080 $619,287 $337,793
2019 $11,560 $938,315 $607,145 $331,170
2018 $11,452 $919,918 $595,241 $324,677
2016 $10,906 $884,198 $572,128 $312,070
2015 $10,749 $870,918 $563,535 $307,383
2014 $10,803 $853,859 $552,497 $301,362
Source: Public Records

Agents Affiliated with this Home

  • Ruben Martinez

    Seller's Agent in 2020

    Ruben Martinez

    Fiduciary Real Estate Services

    (714) 371-3269

    176 Total Sales

    Section Image
  • Logan Martinez

    Seller Co-Listing Agent in 2020

    Logan Martinez

    Fiduciary Real Estate Services

    (949) 273-8169

    165 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19239549

California Regional Multiple Listing Service (CRMLS)

APN: 2375-015-045

California Los Angeles County Studio City 91604

4209 Whitsett Ave, Studio City, CA

This home is located at 4209 Whitsett Ave, Studio City, CA 91604 since 08 October 2019 and is currently estimated at $2,133,369, approximately $408 per square foot. This property was built in 1964. 4209 Whitsett Ave is a home located in Los Angeles County with nearby schools including Ulysses S. Grant Senior High School, Carpenter Community Charter School, and Dixie Canyon Avenue Elementary School.

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California Regional Multiple Listing Service (CRMLS) 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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