NOT LISTED FOR SALE

428 N Stanley Ave Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $1,766,000 - $2,825,000

6 Beds
4 Baths
3,725 Sq Ft
$677/Sq Ft Est. Value

Last Sold May 12, 2014

Last sale price $1,425,000 $383 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $15,478/month

27 Days on Market

About This Home

As of May 2014

Beautifully upgraded 4 unit building with Spanish charm close to The Grove. This 1920s distinguished, two-story building with curb appeal built on a large 6,499 square foot lot. 428-430 N Stanley Ave consists of a highly desirable mix of two, one bedroom/one bath units in addition, two, two bedrooms/one bath units. The units have been upgraded with hardwood floors, granite counters, large bay windows and laundry hook-ups inside. There are 5 single car garage parking spaces. All rented units due for annual increase immediately. Each unit is individually metered for gas and electric. One 1+1 will be delivered vacant at the close of escrow. With close proximity to both the infamous Melrose Ave and The Grove, this asset is situated in one of the city's most popular neighborhoods. Just a 10 minute walk to The Grove, under 10 minutes to Melrose, close to CBS Studios, Farmers Market, LACMA and more.

Last Agent to Sell the Property

Kenny Stevens

Compass License #01090251 Listed on: 01/07/2014

Compass

Last Buyer's Agent

Kenny Stevens

Compass License #01090251 Listed on: 01/07/2014

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,146

Year Built

  • Built in 1925

Lot Details

  • 6,499 Sq Ft Lot

Parking

  • 5 Car Garage

Interior Spaces

  • 3,725 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units
  • Vacancy Allowance $2,704

Listing and Financial Details

  • Assessor Parcel Number 5526-029-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,146

Year Built

Built in 1925

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3725
  • Price Per Unit: 375000.00
  • Stories: 2
  • Year Built: 1925
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 402.68

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 5
  • Parking Garage: Garage - 4+ Car
  • Total Parking: 5

Utilities

  • Electric Expense: 3725.00
  • Number Electric Meters: 4
  • Number Gas Meters: 4

Fee Information

  • Insurance Expense: 1490.00
  • Maintenance Expense: 6308.00
  • Management Expense: 4371.00
  • Other Expense: 1000.00

Lot Info

  • Assessed Improvement Value: 44872
  • Assessed Land Value: 55807
  • Assessor Parcel Number: 5526-029-020
  • Geocode Override: No
  • Lot Size Area: 6499

Rental Info

  • Monthly Gross Income: 7510.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.64
  • Number Of Units: 4
  • Total Annual Expense: 35644
  • Type Of Units: Apartments
  • Vacancy Allow: 2704
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 25%

Tax Info

  • Tax Expense: 18750.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2022
Sold by
Yadegar Living Trust
Bought by
Hendifar Mahnaz
Current Estimated Value
$2,522,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Outstanding Balance
$618,854
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$1,986,262

Purchase Details

Closed on
Mar 3, 2022
Sold by
Mahnaz Hendifar
Bought by
Yadegar Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Outstanding Balance
$618,854
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$1,986,262

Purchase Details

Closed on
Aug 5, 2019
Sold by
Hendifar Mahnaz
Bought by
Hendifar Mahnaz and Yadegar Living Trust

Purchase Details

Listed on
Jan 7, 2014
Closed on
Apr 15, 2014
Sold by
Shachory Apartments Llc
Bought by
Hendifar Youness and Hendifar Mahnaz
Seller's Agent
Kenny Stevens
Compass
Buyer's Agent
Kenny Stevens
Compass
List Price
$1,500,000
Sold Price
$1,425,000
Premium/Discount to List
-$75,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.48%
Original Mortgage
$708,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 2, 2001
Sold by
Shachory Isaac
Bought by
Shachory Family Ltd Partnership

Purchase Details

Closed on
Jan 1, 2001
Sold by
Shachory Isaac and Shachory Rafael E
Bought by
Shachory Isaac
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
Hendifar Mahnaz -- First American Title Company O
Yadegar Living Trust -- First American Title Company O
Hendifar Mahnaz -- None Available
Hendifar Youness $1,425,014 Lawyers Title
Shachory Family Ltd Partnership -- --
Shachory Family Ltd Partnership -- --
Shachory Isaac -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yadegar Living Trust $660,000
Previous Owner Hendifar Youness $735,000
Previous Owner Hendifar Youness $708,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2014 05/12/14 Sold $1,425,000 -5.0% $383 / Sq Ft
02/03/2014 02/03/14 Pending -- -- --
01/07/2014 01/07/14 For Sale $1,500,000 -- $403 / 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 $21,146 $1,746,845 $1,048,107 $698,738
2024 $21,146 $1,712,594 $1,027,556 $685,038
2023 $20,742 $1,679,014 $1,007,408 $671,606
2022 $19,786 $1,646,093 $987,655 $658,438
2021 $19,535 $1,613,818 $968,290 $645,528
2019 $18,955 $1,565,953 $939,571 $626,382
2018 $18,801 $1,535,249 $921,149 $614,100
2016 $17,971 $1,475,635 $885,381 $590,254
2015 $17,709 $1,453,470 $872,082 $581,388
2014 $2,616 $180,545 $117,772 $62,773
Source: Public Records

Agents Affiliated with this Home

  • Kenny Stevens

    Seller's Agent in 2014

    Kenny Stevens

    Compass

    (424) 284-4453

    2 in this area

    42 Total Sales

    Kenny Stevens
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Map

Source: The MLS

MLS Number: 14-730847

The MLS

APN: 5526-029-020

California Los Angeles County Los Angeles 90036 Melrose

428 N Stanley Ave, Los Angeles, CA

This home is located at 428 N Stanley Ave, Los Angeles, CA 90036 since 07 January 2014 and is currently estimated at $2,522,115, approximately $677 per square foot. This property was built in 1925. 428 N Stanley Ave is a home located in Los Angeles County with nearby schools including Laurel Elementary, Fairfax High School, and Cheder Of Los Angeles.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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