NOT LISTED FOR SALE

Estimated Value: $1,173,000 - $2,100,000

8 Beds
4 Baths
4,524 Sq Ft
$349/Sq Ft Est. Value

Last Sold April 28, 2015

Last sale price $877,000 $194 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $9,692/month

4 Days on Market

About This Home

As of April 2015

Fantastic Mid City four-plex with a location that is on the upswing. The property consists of two bedroom, one bath with updated kitchen, hardwood floors, carpet, laundry hookups and 1 garage per unit. Upper unit has a private patio with views of the Hollywood Hills. There is also a private patio area for the tenants to enjoy. Garages are enclosed at the rear of the property. Per Seller, this property has been maintained with newer water heaters, appliances 5-7 years old, some electrical and plumbing upgrades, in 2011 the garage roof was replaced, and the gas and electric are separately metered while water is master metered. This is a great opportunity for an investment or owner user. Possible vacancy coming available in May! There is upside potential in rents.

Last Agent to Sell the Property

Jessica Bravo

Real Estate Collective License #01419380 Listed on: 03/06/2015

Last Buyer's Agent

Jeff Markey

Thomas J. Gilleran License #01345956

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,072

Year Built

  • Built in 1924

Lot Details

  • 7,202 Sq Ft Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 4,524 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5061-024-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,072

Year Built

Built in 1924

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4524
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 198.72

Exterior Features

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

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Garage Is Detached
  • Total Parking: 4

Lot Info

  • Assessed Improvement Value: 227413
  • Assessed Land Value: 454833
  • Assessor Parcel Number: 5061-024-020
  • Geocode Override: No
  • Lot Size Area: 7202

Rental Info

  • Total Actual Rent: 5960.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.50
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Spanish
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2015
Closed on
Apr 27, 2015
Sold by
Leonetti Matthew and Leonetti Mary
Bought by
2L Properties Llc
Seller's Agent
Jessica Bravo
Real Estate Collective
Buyer's Agent
Jeff Markey
Thomas J. Gilleran
List Price
$899,000
Sold Price
$877,000
Premium/Discount to List
-$22,000
-2.45%
Current Estimated Value
$1,578,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$701,817
Avg. Annual Appreciation
6.09%
Original Mortgage
$637,500
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 6, 2015
Closed on
Mar 16, 2015
Sold by
Fierro Douglas and Salazar Paul
Bought by
Leonetti Matthew and Leonetti Mary
Seller's Agent
Jessica Bravo
Real Estate Collective
Buyer's Agent
Jeff Markey
Thomas J. Gilleran
List Price
$899,000
Sold Price
$877,000
Premium/Discount to List
-$22,000
-2.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2005
Sold by
Fierro Douglas
Bought by
Fierro Douglas and Salazar Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.7%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 2, 2005
Sold by
Fierro Douglas and Salazar Paul
Bought by
Fierro Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2005
Sold by
Fierro Douglas
Bought by
Fierro Douglas and Salazar Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2004
Sold by
Smith Harold
Bought by
Fierro Douglas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,950
Interest Rate
6.5%
Mortgage Type
New Conventional
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
2L Properties Llc -- Fidelity Natl Title Ins Co
Leonetti Matthew $877,000 Fidelity National Title Co
Fierro Douglas -- --
Fierro Douglas -- --
Fierro Douglas -- --
Fierro Douglas $341,000 Land America Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2L Properties Llc $580,000
Previous Owner Leonetti Matthew $637,500
Previous Owner Fierro Douglas $150,000
Previous Owner Fierro Douglas $595,000
Previous Owner Fierro Douglas $520,000
Previous Owner Fierro Douglas $323,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2015 04/28/15 Sold $877,000 -2.4% $194 / Sq Ft
03/10/2015 03/10/15 Pending -- -- --
03/06/2015 03/06/15 For Sale $899,000 -- $199 / 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 $13,072 $1,054,014 $737,931 $316,083
2024 $13,072 $1,033,348 $723,462 $309,886
2023 $12,830 $1,013,087 $709,277 $303,810
2022 $12,251 $993,223 $695,370 $297,853
2021 $12,081 $973,749 $681,736 $292,013
2019 $11,728 $944,868 $661,516 $283,352
2018 $11,586 $926,343 $648,546 $277,797
2016 $11,051 $890,373 $623,363 $267,010
2015 $8,734 $695,876 $463,920 $231,956
2014 -- $682,246 $454,833 $227,413
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-885055

The MLS

APN: 5061-024-020