NOT LISTED FOR SALE

4237 Lexington Ave Los Angeles, CA 90029

Estimated Value: $1,253,000 - $1,880,000

4 Beds
4 Baths
2,380 Sq Ft
$711/Sq Ft Est. Value

Last Sold April 23, 2015

Last sale price $960,000 $403 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $10,388/month

37 Days on Market

Highlights

  • Spanish Architecture
  • John Marshall Senior High Rated A
  • Carpet

About This Home

As of April 2015

A desirably located investment property with charming curb appeal in trendy Silverlake, this income producing Spanish style four-plex offers two individual 1 bedroom+1 bath units and two units with 2 bedrooms+1 bath. This property is located in an established, well maintained residential neighborhood with a mix of multi-unit and single family residences. Fully occupied with minimal owner expenses! Each unit is individually metered for gas and electric. Close to Sunset Junction, boutique shopping, eateries and entertainment. DO NOT walk onto property or disturb tenants.

Last Agent to Sell the Property

Sally Takeda

COMPASS License #01448474 Listed on: 02/24/2015

COMPASS

Co-Listed By

Kerri Speck

Signature Residential Brokerage License #01513690

Last Buyer's Agent

Kerri Speck

Signature Residential Brokerage License #01513690

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $720

Year Built

  • Built in 1923

Lot Details

  • 5,057

Home Design

  • Spanish Architecture
  • Stucco

Additional Features

  • Carpet
  • 5,057 Sq Ft Lot
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 5429004033

Community Details

Overview

  • Not Applicable 1007242 Subdivision

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $120
  • Trash Expense $110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$720

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Subdivision Name Other: Not Applicable - 1007242
  • Zoning: LAR1
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 5429004033
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Construction Materials: Stucco

Utilities

  • Laundry: No
  • Appliances: Water Heater
  • Trash Expense: 110.00

Lot Info

  • Lot Size Sq Ft: 5057.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Insurance Expense: 120.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Operating Expense: 1050.00

Tax Info

  • Tax Annual Amount: 720.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2015
Closed on
Apr 20, 2015
Sold by
Hughes Dina C and Andac Erol
Bought by
Sherman Patrick N and Sherman Alison L
Seller's Agent
Sally Takeda
COMPASS
Buyer's Agent
Kerri Speck
Signature Residential Brokerage
List Price
$960,000
Sold Price
$960,000
Current Estimated Value
$1,692,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$732,595
Avg. Annual Appreciation
5.01%
Original Mortgage
$720,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2006
Sold by
Andac Erol and Hughes Dina
Bought by
Andac Erol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 5, 2004
Sold by
Turner David E and Turner Lesley M
Bought by
Andac Erol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 2003
Sold by
Tuner Lesley M
Bought by
Turne David E and Turner Lesley M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$453,750
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 2002
Sold by
Turner David E
Bought by
Turner Lesley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,900
Interest Rate
6.85%

Purchase Details

Closed on
Mar 5, 2002
Sold by
Felgare Kenneth Steven and Kenneth Steven Felgare Trust
Bought by
Turner Lesley M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,900
Interest Rate
6.85%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sherman Patrick N $960,000 Lawyers Title
Andac Erol -- Fidelity Van Nuys
Andac Erol $692,000 Fidelity Van Nuys
Turne David E -- Fidelity National Title
Turner Lesley -- Equity Title Company
Turner Lesley M $485,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sherman Patrick W $670,300
Closed Sherman Patrick N $720,000
Previous Owner Andac Erol $650,000
Previous Owner Andac Erol $500,000
Previous Owner Turne David E $453,750
Previous Owner Turner Lesley M $449,900
Closed Andac Erol $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2015 04/23/15 Sold $960,000 0.0% $403 / Sq Ft
04/02/2015 04/02/15 Pending -- -- --
02/24/2015 02/24/15 For Sale $960,000 -- $403 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

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 $13,996 $1,153,770 $634,574 $519,196
2024 $13,996 $1,131,148 $622,132 $509,016
2023 $13,727 $1,108,970 $609,934 $499,036
2022 $13,091 $1,087,226 $597,975 $489,251
2021 $12,928 $1,065,908 $586,250 $479,658
2020 $13,058 $1,054,979 $580,239 $474,740
2019 $12,543 $1,034,294 $568,862 $465,432
2018 $12,464 $1,014,014 $557,708 $456,306
2016 $11,913 $974,640 $536,052 $438,588
2015 $10,055 $818,631 $463,733 $354,898
2014 -- $802,597 $454,650 $347,947
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Sally Takeda

    COMPASS

    (626) 786-8088

    24 Total Sales

    Sally Takeda
    Section Image

  • K

    Seller Co-Listing Agent in 2015

    Kerri Speck

    Signature Residential Brokerage

See All Agents

Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-315001739

Pasadena-Foothills Association of REALTORS®

APN: 5429-004-033

California Los Angeles County Los Angeles 90029

4237 Lexington Ave, Los Angeles, CA

This home is located at 4237 Lexington Ave, Los Angeles, CA 90029 since 24 February 2015 and is currently estimated at $1,692,595, approximately $711 per square foot. This property was built in 1923. 4237 Lexington Ave is a home located in Los Angeles County with nearby schools including Lockwood Avenue Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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.

Pasadena-Foothills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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