NOT LISTED FOR SALE

Estimated Value: $2,025,000 - $2,457,000

6 Beds
5 Baths
2,961 Sq Ft
$752/Sq Ft Est. Value

Last Sold April 22, 2022

Last sale price $2,095,000 $708 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $14,329/month

127 Days on Market

About This Home

As of April 2022

$450k Price Improvement!! The Holly Knoll apartments are perched on a corner lot, in the heart of Los Feliz. Unit interiors have been upgraded, and residents enjoy air conditioning, on-site laundry (washer/dryer hookups in the 3BR unit; a laundry room for the other units), garage parking, and balcony views facing south. The property scores a Walk Score of 79, “Very Walkable,” meaning restaurants, retail, schools, and public transportation are close by. It’s also just down the block from the historic Shakespeare Bridge. There is an existing storage room, with accessible plumbing, that is an ADU conversion candidate, offering an investor immediate upside in both revenue and property value. Additionally, separate water meters have been installed, meaning the next owner could choose to make the residents responsible for those costs.

Last Agent to Sell the Property

Damien Breaux

Morgan Skenderian License #01460301 Listed on: 11/15/2021

Last Buyer's Agent

Dana Coronado

Compass License #01746702

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,653

Year Built

  • Built in 1952

Lot Details

  • 5,720 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • 2,961 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 113
  • Tax Tract Number 5832
  • Assessor Parcel Number 5591016025
  • $470 per year additional tax assessments

Community Details

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Operating Expense $42,257
  • Gross Income $104,160
  • Net Operating Income $59,820

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,653

Year Built

Built in 1952

Lot Details

0

Parking

4

Listing Details

  • CapRate: 2.40
  • Price Per Unit: 848333
  • Property Attached: Yes
  • Zoning: LAR1
  • Property Type: Residential Income
  • Parcel Number: 5591016025
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 707.53

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5720.00
  • Lot Size Acres: 0.1313

Multi Family

  • Gross Income: 104160.00
  • Gross Multiplier: 24.43
  • Gross Operating Income: 102077.00
  • Gross Scheduled Income: 104160.00
  • Gross Spendable Income: 59820.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 5720.0000 Square Feet
  • Net Operating Income: 59820.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 42257.00
  • Operating Expense Percent: 41.40
  • Rent Control: No
  • Total Expenses: 42257.00
  • Vacancy Allowance: 2083
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Census Tract: 1952.02
  • Tax Lot: 113
  • Tax Tract Number: 5832
  • TaxOtherAnnualAssessmentAmount: 470.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2021
Closed on
Mar 21, 2022
Sold by
Jose A And Amalia H Franco Family Trust and Franco Jose A
Bought by
Mcknight Gregory
Seller's Agent
Damien Breaux
Morgan Skenderian
Buyer's Agent
Dana Coronado
Compass
List Price
$2,545,000
Sold Price
$2,095,000
Premium/Discount to List
-$450,000
-17.68%
Current Estimated Value
$2,226,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,610
Avg. Annual Appreciation
2.54%
Original Mortgage
$1,262,800
Outstanding Balance
$1,183,183
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$1,095,754

Purchase Details

Closed on
Mar 7, 2016
Sold by
Franco Jose A and Franco Amalia H
Bought by
The Jose A & Amalia H Franco Family Trus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$691,500
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2015
Sold by
Franco Jose A and Franco Amalia H
Bought by
The Jose A Amalia H Franco Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$691,500
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2015
Sold by
Franco Jose A and Franco Amalia H
Bought by
Franco Jose A and Franco Amalia G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$691,500
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2011
Sold by
Franco Jose A and Franco Amalia H
Bought by
Franco Jose A and Franco Amalia H

Purchase Details

Closed on
Apr 2, 2004
Sold by
Davies Gene C
Bought by
Franco Jose A and Franco Amalia H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,000
Interest Rate
5.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2002
Sold by
Davies Gene C and The Mary Kalin Family Trust
Bought by
Davies Gene C
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
Mcknight Gregory $2,095,000 Ticor Title
The Jose A & Amalia H Franco Family Trus -- Fidelity National Title
The Jose A Amalia H Franco Family Trust -- Fidelity National Title
Franco Jose A -- Fidelity Natl Title San Dieg
Franco Jose A -- None Available
Franco Jose A $880,000 Southland Title Company
Davies Gene C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcknight Gregory $1,262,800
Previous Owner The Jose A & Amalia H Franco Family Trus $691,500
Previous Owner The Jose A Amalia H Franco Family Trust $691,500
Previous Owner Franco Jose A $572,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2022 04/22/22 Sold $2,095,000 -17.7% $708 / Sq Ft
03/22/2022 03/22/22 Pending -- -- --
03/21/2022 03/21/22 Price Changed $2,545,000 0.0% $860 / Sq Ft
03/21/2022 03/21/22 For Sale $2,545,000 +21.5% $860 / Sq Ft
03/16/2022 03/16/22 Off Market $2,095,000 -- --
03/16/2022 03/16/22 For Sale $2,095,000 0.0% $708 / Sq Ft
03/15/2022 03/15/22 Off Market $2,095,000 -- --
01/19/2022 01/19/22 Price Changed $2,095,000 -17.7% $708 / Sq Ft
11/15/2021 11/15/21 For Sale $2,545,000 -- $860 / 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 $26,653 $2,223,229 $1,586,505 $636,724
2024 $26,653 $2,179,638 $1,555,398 $624,240
2023 $26,134 $2,136,900 $1,524,900 $612,000
2022 $14,238 $1,179,001 $964,642 $214,359
2021 $14,058 $1,155,884 $945,728 $210,156
2019 $13,641 $1,121,602 $917,678 $203,924
2018 $13,530 $1,099,611 $899,685 $199,926
2016 $12,927 $1,056,913 $864,750 $192,163
2015 $12,739 $1,041,038 $851,761 $189,277
2014 -- $1,020,647 $835,077 $185,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21249478

California Regional Multiple Listing Service (CRMLS)

APN: 5591-016-025