NOT LISTED FOR SALE

424 N Orange Grove Ave Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $2,072,000 - $3,724,000

8 Beds
4 Baths
4,752 Sq Ft
$576/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $2,545,000 $536 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $17,821/month

28 Days on Market

About This Home

As of August 2018

Perfectly Maintained Spanish 4-plex in Beverly Grove. 2/1 units with great rents, plus room for increase! Beautiful hardwood floors, washer/dryer hookups in each unit, newer electric & plumbing. Remodeled Kitchens and Baths! Ample parking. The larger unit has stainless steel appliances and a PRIVATE GATED YARD off of the master bedroom. Central location! Walk to EVERYTHING...Restaurants, the Grove, CBS Studios, markets, shopping, etc. This building is a fantastic addition to your portfolio. Offers to be written "subject to interior inspection."

Last Agent to Sell the Property

Roger Perry

Rodeo Realty License #01882885 Listed on: 06/18/2018

Rodeo Realty

Last Buyer's Agent

Susan Smith

Carolwood Estates License #01187140

Carolwood Estates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,040

Year Built

  • Built in 1927

Lot Details

  • 6,000 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,752 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Floor Furnace
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5527-029-033

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,040

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4752
  • Stories: 2
  • Year Built: 1927
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 541.88

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Heating: Floor Furnace, Wall

Lot Info

  • Assessor Parcel Number: 5527-029-033
  • Geocode Override: No
  • Lot Size Area: 6000

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 21.61
  • Number Of Units: 4
  • Total Annual Expense: 25306
  • Type Of Units: Four Plex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2024
Sold by
Saul And Susan Smith Family Trust
Bought by
424 N Orange Grove Llc
Current Estimated Value
$2,736,736

Purchase Details

Listed on
Jun 18, 2018
Closed on
Aug 7, 2018
Sold by
Villand Jorge
Bought by
Smith Saul R and Smith Susan B
Seller's Agent
Roger Perry
Rodeo Realty
Buyer's Agent
Susan Smith
Carolwood Estates
List Price
$2,575,000
Sold Price
$2,545,000
Premium/Discount to List
-$30,000
-1.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.92%
Original Mortgage
$1,527,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 7, 2005
Sold by
Planet X Partners Llc
Bought by
Villand Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.61%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 26, 2004
Sold by
Sinko Janis K and Estate Of Albert Field
Bought by
Planet X Partners Llc

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
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2002
Sold by
Stettin Jacob J
Bought by
Stettin Jacob J

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
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 2002
Sold by
Kramer Hannah K and Eisenstein Esther
Bought by
Planet X Partners Llc

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
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2001
Sold by
Eisenstein Esther
Bought by
Eisenstein Esther and Esther Eisenstein Separate Property Tr

Purchase Details

Closed on
Jul 18, 2000
Sold by
H And O Guttman Trust and Esther
Bought by
Eisenstein Esther

Purchase Details

Closed on
Feb 24, 1994
Sold by
Wolkoff Ruth
Bought by
Stettin Jacob J
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
424 N Orange Grove Llc -- Provident Title Company
Smith Saul R $2,545,000 Provident Title Company
Villand Jorge $440,909 Equity Title Company
Planet X Partners Llc -- Equity Title
Stettin Jacob J -- --
Planet X Partners Llc -- Equity Title
Eisenstein Esther -- --
Eisenstein Esther -- --
Stettin Jacob J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Saul R $1,527,000
Previous Owner Villand Jorge $1,034,000
Previous Owner Villand Jorge $1,187,557
Previous Owner Villand Jorge $110,000
Previous Owner Villand Jorge $90,000
Previous Owner Villand Jorge $1,080,000
Previous Owner Planet X Partners Llc $650,000
Previous Owner Greenberg Morton L $650,000
Previous Owner Planet X Partners Llc $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2018 08/31/18 Sold $2,545,000 -1.2% $536 / Sq Ft
06/18/2018 06/18/18 For Sale $2,575,000 -- $542 / 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 $34,040 $2,838,991 $1,986,736 $852,255
2024 $34,040 $2,783,326 $1,947,781 $835,545
2023 $33,381 $2,728,752 $1,909,590 $819,162
2022 $31,828 $2,675,248 $1,872,148 $803,100
2021 $31,432 $2,622,793 $1,835,440 $787,353
2020 $31,757 $2,595,900 $1,816,620 $779,280
2019 $30,489 $2,545,000 $1,781,000 $764,000
2018 $20,187 $1,653,831 $1,041,302 $612,529
2016 $19,365 $1,589,613 $1,000,868 $588,745
2015 $19,082 $1,565,737 $985,835 $579,902
2014 $19,158 $1,535,067 $966,524 $568,543
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-355822

The MLS

APN: 5527-029-033