NOT LISTED FOR SALE

4547 Griffin Ave Los Angeles, CA 90031

Montecito Heights Neighborhood

Estimated Value: $1,151,000 - $1,757,000

8 Beds
5 Baths
3,439 Sq Ft
$426/Sq Ft Est. Value

Last Sold July 17, 2014

Last sale price $555,000 $161 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $8,335/month

58 Days on Market

Highlights

  • Wall Furnace
  • Lincoln High School Rated A-
  • 5-minute walk to Montecito Heights Community Center and Park

About This Home

As of July 2014

Excellent location, close to downtown, Monterey Hills, South Pasadena. Quiet neighborhood and near a park. Great income property has separate two buildings, Units are rented and come with long term tenants, perfect opportunity to live in one unit and rent others.

Last Agent to Sell the Property

Virginia Diep

High Ten Partners, Inc. License #01029662 Listed on: 04/15/2014

High Ten Partners, Inc.

Last Buyer's Agent

Youngsil Kim

Masters Realty & Investment License #01865790

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 7,515 Sq Ft Lot
  • No Common Walls

Parking

  • 3 Car Garage

Home Design

  • 3,439 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Utilities

  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 23 / 7
  • Tax Tract Number 11924
  • Assessor Parcel Number 5303004025

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,300
  • Water Sewer Expense $2,040
  • New Taxes Expense $7,225
  • Gross Income $3,170
  • Net Operating Income $34,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • Water Sewer Expenses: 2040.00
  • Property Type: Residential Income
  • Parcel Number: 5303004025
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 161.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Lot Size Sq Ft: 7515.00
  • Lot Size Acres: 0.1730

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 3170.00
  • Gross Scheduled Income: 38040.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 7515.0000 Square Feet
  • Net Operating Income: 34700.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 3340.00
  • Rent Control: Yes
  • Total Actual Rent: 3170.00

Tax Info

  • New Taxes Expense: 7225.00
  • Tax Block: 7
  • Tax Lot: 23
  • Tax Tract Number: 11924

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2023
Sold by
Nicsinger Eric and Nicsinger Natalie
Bought by
Krylova Natalie
Current Estimated Value
$1,466,000

Purchase Details

Closed on
Jun 30, 2015
Sold by
Krylova Natalie
Bought by
Nicsinger Eric and Krylova Natalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,500
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2014
Sold by
Nicsinger Eric and Krylova Natalie
Bought by
Krylova Natalie

Purchase Details

Listed on
Apr 15, 2014
Closed on
Jul 14, 2014
Sold by
Lam Chun Wang and Lin Ya Ai
Bought by
Nicsinger Eric and Krylova Natalie
Seller's Agent
Virginia Diep
High Ten Partners, Inc.
Buyer's Agent
Youngsil Kim
Masters Realty & Investment
List Price
$578,000
Sold Price
$555,000
Premium/Discount to List
-$23,000
-3.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.78%
Original Mortgage
$388,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2009
Sold by
Lam Chun Wang and Lin Ya Ai
Bought by
Lam Chun Wang and Lin Ya Ai
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Krylova Natalie -- Accommodation/Courtesy Recordi
Nicsinger Eric -- First American Title Company
Krylova Natalie -- None Available
Nicsinger Eric $555,000 First American Title
Lam Chun Wang -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nicsinger Eric $388,500
Previous Owner Nicsinger Eric $388,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2014 07/17/14 Sold $555,000 -4.0% $161 / Sq Ft
06/12/2014 06/12/14 Pending -- -- --
04/15/2014 04/15/14 For Sale $578,000 -- $168 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,478 $667,015 $498,761 $168,254
2024 $8,478 $653,937 $488,982 $164,955
2023 $8,322 $641,116 $479,395 $161,721
2022 $7,950 $628,546 $469,996 $158,550
2021 $7,840 $616,223 $460,781 $155,442
2020 $7,913 $609,906 $456,057 $153,849
2019 $11,005 $597,948 $447,115 $150,833
2018 $10,880 $586,225 $438,349 $147,876
2016 $8,993 $563,463 $421,328 $142,135
2015 $7,037 $555,000 $415,000 $140,000
2014 $3,803 $275,510 $122,624 $152,886
Source: Public Records

Agents Affiliated with this Home

  • Virginia Diep

    Seller's Agent in 2014

    Virginia Diep

    High Ten Partners, Inc.

    (626) 641-0917

    3 Total Sales

    Virginia Diep
    Section Image

  • Y

    Buyer's Agent in 2014

    Youngsil Kim

    Masters Realty & Investment

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS14077313

California Regional Multiple Listing Service (CRMLS)

APN: 5303-004-025

California Los Angeles County Los Angeles 90031 Montecito Heights

4547 Griffin Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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