NOT LISTED FOR SALE

4230 Gentry Ave Unit A Studio City, CA 91604

Estimated Value: $1,815,000 - $2,159,000

6 Beds
6 Baths
3,730 Sq Ft
$539/Sq Ft Est. Value

Last Sold July 07, 2021

Last sale price $1,860,000 $499 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $12,595/month

38 Days on Market

Highlights

  • Golf Course Community
  • No Units Above
  • No HOA
  • North Hollywood Senior High School Rated A
  • Wood Flooring
  • Hiking Trails

About This Home

As of July 2021

Attention Owner/Occupiers and savvy investors. This is a rare opportunity to purchase a pride of ownership, charming 4-plex with excellent Curb Appeal in an A++ Location, prime Studio City. FRONT HOUSE is full of character and can be DELIVERED VACANT at close of escrow! Owner's unit is 2bd/2ba approximately 1400 sq ft, with dining room and den, large kitchen, two fireplaces, central a/c and heat, laundry hookups, and front and rear outdoor patios. Great economic opportunity for an owner/occupier looking to settle into a highly coveted neighborhood or for an investor seeking a one-of-a-kind trophy asset! Located in quiet and private pocket of Studio City, insulated by the river from the activity on Ventura but still walking distance to all the nearby restaurants and shops. Walk Score of 85! There are three (3) units behind the Owner's Unit - one (1) is a 2bd/2ba unit, while the other two (2) units each have 1bd/1ba. All three (3) rear units are currently occupied. Consistently strong rental demand due to the combination of privacy afforded by the river and proximity to the activity on Ventura Pl/Blvd. Located in Carpenter School District, this is a great opportunity. A listing of this quality is a rare find in Studio City!

Last Agent to Sell the Property

Garen Gozumian

Socal Property Partners, Inc. License #01958720 Listed on: 04/13/2021

Last Buyer's Agent

Nicolina Clark

Rodeo Realty License #01202073

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 6,919 Sq Ft Lot
  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Split Level Home
  • Quadruplex
  • Raised Foundation

Interior Spaces

  • 3,730 Sq Ft Home
  • Living Room with Fireplace
  • Den with Fireplace
  • Wood Flooring
  • Laundry Room

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 26
  • Tax Tract Number 1
  • Assessor Parcel Number 2368016032

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $750
  • Gardener Expense $900
  • Insurance Expense $1,750
  • Trash Expense $2,628
  • Water Sewer Expense $1,500
  • New Taxes Expense $24,600
  • Operating Expense $32,128
  • Gross Income $107,616
  • Net Operating Income $75,488

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

6,919 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 3.87
  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 2368016032
  • Year Built: 1942
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Den, Living Room
  • Levels: Multi/Split
  • Price Per Square Foot: 498.66

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 2628.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Golf, Hiking, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6919.00
  • Lot Size Acres: 0.1588

Multi Family

  • Electric Expense: 750.00
  • Gross Income: 107616.00
  • Gross Multiplier: 18.12
  • Gross Operating Income: 107616.00
  • Gross Scheduled Income: 107616.00
  • Insurance Expense: 1750.00
  • Lot Size Area: 6919.0000 Square Feet
  • Net Operating Income: 75488.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 32128.00
  • Rent Control: Yes
  • Total Actual Rent: 8968.00
  • Total Expenses: 32128.00

Tax Info

  • New Taxes Expense: 24600.00
  • Tax Census Tract: 1436.02
  • Tax Lot: 26
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2019
Closed on
Aug 8, 2019
Sold by
Nibley Deborah R and Nibley Christopher
Bought by
Gentry Park Llc
Seller's Agent
Dennis Chernov
Equity Union
Buyer's Agent
Garen Gozumian
Garen Gozumian
List Price
$1,775,000
Sold Price
$1,775,000
Current Estimated Value
$2,012,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,214
Avg. Annual Appreciation
1.96%

Purchase Details

Closed on
Jun 29, 2000
Sold by
Rachman Kurt
Bought by
Nibley Christopher and Rachman Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
8.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 15, 1994
Sold by
Church R James and Hauff Edith Craighead
Bought by
Nibley Christopher and Rachman Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
9.27%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gentry Park Llc $1,775,000 Fidelity National Title
Nibley Christopher $44,000 --
Nibley Christopher $305,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nibley Christopher $35,000
Previous Owner Nibley Christopher $228,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/07/2021 07/07/21 Sold $1,860,000 -4.6% $499 / Sq Ft
05/21/2021 05/21/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $1,949,999 +9.9% $523 / Sq Ft
10/04/2019 10/04/19 Sold $1,775,000 0.0% $476 / Sq Ft View Prior Sale
10/04/2019 10/04/19 Pending -- -- --
10/04/2019 10/04/19 For Sale $1,775,000 -- $476 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $24,128 $1,973,846 $1,167,328 $806,518
2024 $23,843 $1,935,144 $1,144,440 $790,704
2023 $23,382 $1,897,200 $1,122,000 $775,200
2022 $22,298 $1,860,000 $1,100,000 $760,000
2021 $21,667 $1,793,389 $1,212,432 $580,957
2020 $21,888 $1,775,000 $1,200,000 $575,000
2019 $6,256 $482,882 $226,963 $255,919
2018 $6,135 $473,414 $222,513 $250,901
2016 $5,836 $455,032 $213,873 $241,159
2015 $5,756 $448,198 $210,661 $237,537
2014 $5,799 $439,419 $206,535 $232,884
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21072127

California Regional Multiple Listing Service (CRMLS)

APN: 2368-016-032

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