R
Seller's Agent in 2023
Raffi Soualian
JohnHart Real Estate
(818) 464-5819
111 Total Sales
4418 Cahuenga Blvd Toluca Lake, CA 91602
Estimated Value: $1,507,000 - $2,052,000
5
Beds
4
Baths
3,110
Sq Ft
$580/Sq Ft
Est. Value
Highlights
- Crown Molding
- Tile Flooring
- Ceiling Fan
- Storage
- Detached Carport Space
About This Home
As of June 2023Great residential income opportunity in the heart of Toluca Lake! A quadruplex with lush and green landscaping in the front yard and a long driveway leading to a back carport providing 4-parking spots. Built in 1940, the property has vintage charm and details throughout each unit. Each unit has a cozy dining area and kitchen with ample cabinet space. All bedrooms are bright and spacious with deep closets. Unit-one is 2-beds, 1-bath and 832-SqFt. Unit-two is 1-bed, 1-bath and 722-SqFt. Unit-three is 1-bed, 1-bath and 692-sqft. Unit-four is 1-bed, 1-bath and 762-SqFt. Close to Lankershim Blvd. and Riverside Dr. with many restaurants, markets and shopping. Near parks, Lakeside Golf Club, and Universal Studios Hollywood. Easy access to 134-freeway and 170-freeway. So much potential, do not miss out! 2 units will be delivered vacant at the close of escrow.
Last Agent to Sell the Property
JohnHart Real Estate License #01887303 Listed on: 03/08/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,377
Year Built
- Built in 1940
Lot Details
- 6,599 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Quadruplex
Interior Spaces
- 3,110 Sq Ft Home
- Crown Molding
- Ceiling Fan
- Storage
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Parking
- Detached Carport Space
- Parking Available
- Assigned Parking
Additional Features
- Suburban Location
- Septic Type Unknown
Listing and Financial Details
- Tenant pays for all utilities, electricity, gas
- Tax Lot 2
- Tax Tract Number 111
- Assessor Parcel Number 2424002002
- $474 per year additional tax assessments
Community Details
Overview
- 4 Units
Building Details
- 3 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,200
- Trash Expense $840
- Water Sewer Expense $3,600
- New Taxes Expense $21,560
- Operating Expense $28,200
- Gross Income $93,984
- Net Operating Income $37,248
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 22, 2024
Sold by
4418 Cahuenga Llc
Bought by
Carapiet Andreh
Current Estimated Value
Purchase Details
Listed on
Mar 8, 2023
Closed on
Jul 21, 2023
Sold by
Carapiet Andreh
Bought by
4418 Cahuenga Llc
Seller's Agent
Raffi Soualian
JohnHart Real Estate
Buyer's Agent
Raffi Soualian
JohnHart Real Estate
List Price
$1,795,000
Sold Price
$1,624,000
Premium/Discount to List
-$171,000
-9.53%
Views
198
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.69%
Purchase Details
Listed on
Mar 8, 2023
Closed on
May 17, 2023
Sold by
Shak Shor Properties Llc
Bought by
Carapiet Andreh
Seller's Agent
Raffi Soualian
JohnHart Real Estate
Buyer's Agent
Raffi Soualian
JohnHart Real Estate
List Price
$1,795,000
Sold Price
$1,624,000
Premium/Discount to List
-$171,000
-9.53%
Views
198
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,218,000
Interest Rate
6.43%
Mortgage Type
Construction
Purchase Details
Closed on
Jul 2, 2021
Sold by
Arnold And Kathryn Rudnick Family Trust and Rudnick Kathryn B
Bought by
Shak Shor Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,249,500
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 16, 2018
Sold by
Rudnick Arnold
Bought by
Rudnick Arnold H and Rudnick Kathryn B
Purchase Details
Closed on
Mar 30, 2017
Sold by
Valley Charm Llc
Bought by
Rudnick Arnold and Rudnick Kathryn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$617,890
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Apr 27, 2016
Sold by
Meloeny Eugene E
Bought by
Valley Charm Llc
Purchase Details
Closed on
Oct 9, 2013
Sold by
Keesee Norma
Bought by
Meloeny Eugene E and Meloeny Nancy L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Carapiet Andreh | -- | None Listed On Document | |
| 4418 Cahuenga Llc | -- | Lawyers Title | |
| Carapiet Andreh | $1,624,000 | Lawyers Title Company | |
| Carapiet Andreh | -- | Lawyers Title Company | |
| Shak Shor Properties Llc | $1,475,000 | Progressive Title | |
| Rudnick Arnold H | -- | None Available | |
| Rudnick Arnold | $637,000 | Old Republic Title | |
| Valley Charm Llc | $1,120,000 | Lawyers Title Company | |
| Meloeny Eugene E | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Carapiet Andreh | $1,218,000 | |
| Previous Owner | Shak Shor Properties Llc | $1,249,500 | |
| Previous Owner | Rudnick Arnold | $617,890 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/13/2023 06/13/23 | Sold | $1,624,000 | -1.5% | $522 / Sq Ft | |
| 04/21/2023 04/21/23 | Price Changed | $1,648,000 | -8.2% | $530 / Sq Ft | |
| 03/08/2023 03/08/23 | For Sale | $1,795,000 | +18.5% | $577 / Sq Ft | |
| 09/01/2021 09/01/21 | Sold | $1,515,000 | 0.0% | $487 / Sq Ft | View Prior Sale |
| 09/01/2021 09/01/21 | Sold | $1,515,000 | -5.3% | $487 / Sq Ft | View Prior Sale |
| 08/30/2021 08/30/21 | Price Changed | $1,599,000 | 0.0% | $514 / Sq Ft | |
| 08/30/2021 08/30/21 | For Sale | $1,599,000 | 0.0% | $514 / Sq Ft | |
| 06/30/2021 06/30/21 | Pending | -- | -- | -- | |
| 05/04/2021 05/04/21 | For Sale | $1,599,000 | +5.5% | $514 / Sq Ft | |
| 05/01/2021 05/01/21 | Off Market | $1,515,000 | -- | -- | |
| 12/08/2020 12/08/20 | For Sale | $1,599,000 | 0.0% | $514 / Sq Ft | |
| 09/25/2020 09/25/20 | Price Changed | $1,599,000 | -3.1% | $514 / Sq Ft | |
| 07/14/2020 07/14/20 | For Sale | $1,650,000 | -- | $531 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $20,377 | $1,689,609 | $1,144,440 | $545,169 |
| 2024 | $20,377 | $1,656,480 | $1,122,000 | $534,480 |
| 2023 | $18,550 | $1,504,500 | $918,000 | $586,500 |
| 2022 | $17,688 | $1,475,000 | $900,000 | $575,000 |
| 2021 | $15,594 | $1,286,639 | $911,370 | $375,269 |
| 2020 | $15,752 | $1,273,448 | $902,026 | $371,422 |
| 2019 | $15,130 | $1,248,480 | $884,340 | $364,140 |
| 2018 | $14,994 | $1,224,000 | $867,000 | $357,000 |
| 2016 | $7,495 | $603,334 | $364,081 | $239,253 |
| 2015 | $7,388 | $594,273 | $358,613 | $235,660 |
| 2014 | $7,435 | $582,633 | $351,589 | $231,044 |
Source: Public Records
Agents Affiliated with this Home
-
Raffi Soualian
-
Taline Soualian
T
Seller Co-Listing Agent in 2023
Taline Soualian
JohnHart Real Estate
(818) 618-5153
75 Total Sales
-
Dan Drantch
Seller's Agent in 2021
Dan Drantch
Rodeo Realty
(818) 261-0030
63 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2021
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
5,949 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD23038904
APN: 2424-002-002
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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