NOT LISTED FOR SALE

Estimated Value: $1,343,000 - $1,551,000

4 Beds
2 Baths
2,664 Sq Ft
$556/Sq Ft Est. Value

Last Sold May 02, 2017

Last sale price $825,000 $310 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $8,793/month

91 Days on Market

Highlights

  • Panoramic View
  • Traditional Architecture
  • No HOA
  • Dual Staircase
  • Wood Flooring
  • Balcony

About This Home

As of May 2017

Looking for a great Duplex in Midtown, here you have a great opportunity to live in one unit plus earning extra income from second unit with amazing Century City and Hollywood Hills views, great location, short drive distance from midtown shopping centers, banks, stores, fitness etc. This duplex is in great interior and exterior condition. Both units will be delivered vacant. Landscaping needs TLC.

Last Agent to Sell the Property

Max Bautista Jr.

Beverly and Company, Inc. License #01477568 Listed on: 12/19/2016

Beverly and Company, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,660

Year Built

  • Built in 1926

Lot Details

  • 6,999 Sq Ft Lot
  • No Common Walls
  • Wire Fence
  • Flag Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway
  • Assigned Parking

Property Views

  • Panoramic
  • City Lights
  • Mountain
  • Neighborhood

Home Design

  • Duplex
  • Traditional Architecture
  • Turnkey
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 2,664 Sq Ft Home
  • Dual Staircase
  • Fire and Smoke Detector

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Gas And Electric Dryer Hookup

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 7 / 14
  • Tax Tract Number 218220
  • Assessor Parcel Number 5071019004

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $100
  • Insurance Expense $150
  • Maintenance Expense $50
  • Trash Expense $50
  • Water Sewer Expense $75
  • Operating Expense $375
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,660

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Ad Number: SR16765251
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 75.00
  • Zoning: LARD1.5
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5071019004
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Balcony
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 309.68

Exterior Features

  • Foundation: Raised
  • View: City Lights, Mountain(s), Neighborhood, Panoramic
  • Fence: Yes
  • Fencing: Wire
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Concrete
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Common Area, Gas & Electric Dryer Hookup, Individual Room, Outside
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Flag Lot
  • Lot Size Sq Ft: 6999.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1364 Square Feet
  • Average3 Bed Area: 1300 Square Feet
  • Electric Expense: 100.00
  • Gross Scheduled Income: 40800.00
  • Insurance Expense: 150.00
  • Laundry Equipment Own Lease: Own
  • Maintenance Expense: 50.00
  • Net Operating Income: 1.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 1200.00
  • Rent Control: Yes
  • Total Actual Rent: 3400.00
  • Total Expenses: 375.00

Tax Info

  • Tax Block: 14
  • Tax Census Tract: 2182.20
  • Tax Lot: 7
  • Tax Tract Number: 218220

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 24, 2024
Sold by
Luo Wilbur L and Luo June K
Bought by
Mascot17 Partners Llc
Current Estimated Value
$1,481,114

Purchase Details

Listed on
Dec 19, 2016
Closed on
Mar 30, 2017
Sold by
Ortiz Sonia Lopez
Bought by
Luo Wilbur L and Luo June K
Seller's Agent
Max Bautista Jr.
Beverly and Company, Inc.
List Price
$849,900
Sold Price
$825,000
Premium/Discount to List
-$24,900
-2.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.08%
Original Mortgage
$543,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2007
Sold by
Lopez Miguel Angel
Bought by
Ortiz Sonia Lopez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,000
Interest Rate
6.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2005
Sold by
Lopez Miguel Angel
Bought by
Ortiz Sonia Lopez

Purchase Details

Closed on
Oct 22, 2003
Sold by
Ortiz Laura Y
Bought by
Ortiz Sonia Lopez

Purchase Details

Closed on
Mar 29, 2002
Sold by
Reames John T
Bought by
Ortiz Laura Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,369
Interest Rate
6.87%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mascot17 Partners Llc -- None Listed On Document
Luo Wilbur L $825,000 Progressive Title Company
Ortiz Sonia Lopez -- Investors Title Company
Ortiz Sonia Lopez -- Investors Title Company
Ortiz Sonia Lopez -- --
Ortiz Laura Y $235,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Luo Wilbur L $543,000
Previous Owner Ortiz Sonia Lopez $533,000
Previous Owner Ortiz Laura Y $231,369
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2017 05/02/17 Sold $825,000 -2.9% $310 / Sq Ft
03/20/2017 03/20/17 Pending -- -- --
12/19/2016 12/19/16 For Sale $849,900 -- $319 / 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 $11,660 $957,477 $916,860 $40,617
2024 $11,660 $938,704 $898,883 $39,821
2023 $11,441 $920,299 $881,258 $39,041
2022 $10,916 $902,255 $863,979 $38,276
2021 $10,773 $884,565 $847,039 $37,526
2019 $10,453 $858,330 $821,916 $36,414
2018 $10,371 $841,500 $805,800 $35,700
2016 $3,678 $293,250 $199,662 $93,588
2015 $3,626 $288,846 $196,663 $92,183
2014 $3,651 $283,189 $192,811 $90,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16765251

California Regional Multiple Listing Service (CRMLS)

APN: 5071-019-004