NOT LISTED FOR SALE

4603 Denny Ave North Hollywood, CA 91602

Estimated Value: $1,350,000 - $1,887,257

4 Beds
3 Baths
3,061 Sq Ft
$521/Sq Ft Est. Value

Last Sold June 20, 2018

Last sale price $1,333,000 $435 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $9,914/month

About This Home

As of June 2018

Well located triplex in West Toluca Lake on a large, corner lot. The property is zoned RD1.5 in a Tier 1 TOC district. This allows a developer to build up 6 units by right and up to 9 utilizing the TOC density bonus. Current rents are substantially below market giving room for an investor to renovate and hold long-term or owner/occupy. Do not disturb tenants.

Last Agent to Sell the Property

Oscar Campos

Lee & Associates License #01764984 Listed on: 04/18/2018

Lee & Associates

Last Buyer's Agent

NONE SPECIFIED

NO OFFICE SPECIFIED License #None

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,290

Year Built

  • Built in 1948

Lot Details

  • 9,371 Sq Ft Lot
  • No Units Located Below
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Attached Carport
  • Parking Available

Home Design

  • 3,061 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Urban Location
  • Cable TV Available

Listing and Financial Details

  • Tax Lot LT A
  • Assessor Parcel Number 2421030018

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,170
  • Insurance Expense $2,000
  • Maintenance Expense $1,950
  • Trash Expense $1,140
  • Water Sewer Expense $1,170
  • New Taxes Expense $20,000
  • Operating Expense $29,170
  • Gross Income $61,122
  • Net Operating Income $30,118

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,290

Year Built

Built in 1948

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1170.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 2421030018
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls, No One Below
  • Price Per Square Foot: 435.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Available
  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1140.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9371.00

Multi Family

  • Electric Expense: 1170.00
  • Gross Income: 61122.00
  • Gross Scheduled Income: 61122.00
  • Insurance Expense: 2000.00
  • Maintenance Expense: 1950.00
  • Maintenance Percent: 3.19
  • Net Operating Income: 30118.00
  • 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: 29170.00
  • Rent Control: No
  • Total Expenses: 29170.00

Tax Info

  • New Taxes Expense: 20000.00
  • Tax Census Tract: 1255.02
  • Tax Lot: LT A
  • Tax Tract Number: TR8775

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2018
Closed on
Jun 4, 2018
Sold by
Sajjadieh Mojtaba
Bought by
Denny Homes Lcl
Seller's Agent
Oscar Campos
Lee & Associates
Buyer's Agent
NONE SPECIFIED
NO OFFICE SPECIFIED
List Price
$1,600,000
Sold Price
$1,333,000
Premium/Discount to List
-$267,000
-16.69%
Current Estimated Value
$1,595,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,064
Avg. Annual Appreciation
2.47%

Purchase Details

Closed on
Mar 25, 2005
Sold by
Campbell Roger
Bought by
Sajjadieh Mojotaba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,500
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
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
Denny Homes Lcl $1,333,000 First American Title Insuran
Sajjadieh Mojotaba $825,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sajjadieh Mojotaba $556,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2018 06/20/18 Sold $1,333,000 -16.7% $435 / Sq Ft
06/18/2018 06/18/18 Pending -- -- --
04/18/2018 04/18/18 For Sale $1,600,000 -- $523 / 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 $18,290 $1,516,723 $1,501,933 $14,790
2024 $18,290 $1,486,984 $1,472,484 $14,500
2023 $17,936 $1,457,828 $1,443,612 $14,216
2022 $17,101 $1,429,244 $1,415,306 $13,938
2021 $16,887 $1,401,220 $1,387,555 $13,665
2019 $16,382 $1,359,660 $1,346,400 $13,260
2018 $12,447 $1,010,673 $820,792 $189,881
2016 $11,887 $971,429 $788,921 $182,508
2015 $8,355 $675,000 $545,000 $130,000
2014 $7,524 $590,000 $476,400 $113,600
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2018

    Oscar Campos

    Lee & Associates

    Section Image

  • N

    Buyer's Agent in 2018

    NONE SPECIFIED

    NO OFFICE SPECIFIED

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18089647

California Regional Multiple Listing Service (CRMLS)

APN: 2421-030-018

California Los Angeles County North Hollywood 91602

4603 Denny Ave, North Hollywood, CA

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