$1,050,000
SOLD MAR 28, 2025
5 Beds
3 Baths
2,270 Sq Ft
5,850 Sq Ft Lot

Recently Sold

$463 Per Sq Ft

24 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • No HOA
  • North Hollywood Senior High School Rated A
  • Private Yard
  • Tile Countertops

About This Home

As of March 2025

Charming Spanish-Style in Prime Valley Village Location.
Nestled in one of the most sought-after neighborhoods of Valley Village, this delightful triplex offers a rare opportunity to own a property that radiates warmth and character. For the first time in over four decades, this property is on the market, located just moments from shopping centers, transportation, parks and schools, this triplex is perfectly positioned for both convenience and comfort.
Property features two front units and one rear unit above garage. Each of the two front units features two spacious bedrooms, one bathroom, a formal living room, a well-appointed kitchen, and a dining area. A long hallway leads to a full bathroom with a bathtub, while both bedrooms offer ample space and natural light. Each unit also has a private side exit, adding to the convenience and flow of the space.
The third unit, located above the garage in the rear, offers a cozy one-bedroom, one-bathroom layout, complete with a small living room. This unit has been upgraded over the years, re-stain flooring, fresh paint, and a renovated bathroom, providing a clean look overall.
The property features a generous driveway that leads to a garage and backyard, with the potential to open up additional parking space. The separate laundry room behind the garage offers added convenience, while the quaint backyard provides a lovely garden area, perfect for relaxing or hosting intimate gatherings.
This triplex is truly a rare find – a property that combines timeless charm with some upgrades, all within a highly desirable neighborhood.
Don't miss out on this exceptional opportunity to own a piece of Valley Village that offers both comfort and investment potential.

Last Agent to Sell the Property

Ricardo Arias

IET Real Estate Brokerage Phone: 562-254-6450 License #01275626 Listed on: 01/28/2025

Last Buyer's Agent

Gigi Santoro

Coldwell Banker Hallmark Realty License #01873900

Coldwell Banker Hallmark Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,186

Year Built

  • Built in 1949

Lot Details

  • 5,850 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Chain Link Fence
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Driveway

Home Design

  • Triplex
  • Spanish Architecture
  • Shingle Roof
  • Spanish Tile Roof
  • Composition Roof

Interior Spaces

  • 2,270 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Tile Countertops

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Floor Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 159
  • Tax Tract Number 8627
  • Assessor Parcel Number 2355010039
  • $382 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Recreation

  • Park

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Trash Expense $900
  • Water Sewer Expense $900
  • New Taxes Expense $1,186
  • Operating Expense $3,286
  • Gross Income $52,298
  • Net Operating Income $52,298

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,186

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 4.98
  • Price Per Unit: 350000
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 900.00
  • Zoning: LARD2
  • Architectural Style: Spanish
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 2355010039
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Tile Counters
  • Stories: 2
  • Entry Location: Living Room
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile, Wood
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Price Per Square Foot: 462.56
  • Room Type: Kitchen, Living Room

Exterior Features

  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Block, Chain Link, Wood
  • Pool Private: No
  • Roof: Composition, Shingle, Spanish Tile

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Garage Faces Rear
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 6500-9999, Yard
  • Lot Size Sq Ft: 5850.00
  • Lot Size Acres: 0.1343

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 52298.00
  • Gross Multiplier: 18.89
  • Gross Scheduled Income: 55584.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5850.0000 Square Feet
  • Net Operating Income: 52298.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 3286.00
  • Rent Control: Yes
  • Total Actual Rent: 4632.00
  • Total Expenses: 3286.00

Tax Info

  • New Taxes Expense: 1186.00
  • Tax Census Tract: 1251.02
  • Tax Lot: 159
  • Tax Tract Number: 8627
  • TaxOtherAnnualAssessmentAmount: 382.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2025
Closed on
Feb 26, 2025
Sold by
Glasky Naomi Beth and David E Weiss Family Trust
Bought by
Dickson Mary Lepique and Ortega Desmond Juan
Seller's Agent
Ricardo Arias
IET Real Estate
Buyer's Agent
Gigi Santoro
Coldwell Banker Hallmark Realty
List Price
$1,050,000
Sold Price
$1,050,000
Views
39
Current Estimated Value
$1,046,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,044
Avg. Annual Appreciation
-0.71%
Original Mortgage
$787,500
Outstanding Balance
$784,151
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$262,805

Purchase Details

Closed on
Mar 14, 1997
Sold by
Weiss David E
Bought by
Weiss David E and David E Weiss Family Trust
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,050,000 Wfg National Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $787,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2025 03/28/25 Sold $1,050,000 0.0% $463 / Sq Ft
02/25/2025 02/25/25 For Sale $1,050,000 0.0% $463 / Sq Ft
02/22/2025 02/22/25 Pending -- -- --
02/21/2025 02/21/25 Off Market $1,050,000 -- --
01/28/2025 01/28/25 For Sale $1,050,000 -- $463 / 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 $1,186 $68,328 $38,209 $30,119
2024 $1,186 $66,989 $37,460 $29,529
2023 $1,170 $65,676 $36,726 $28,950
2022 $1,126 $64,389 $36,006 $28,383
2021 $1,100 $63,127 $35,300 $27,827
2020 $1,104 $62,481 $34,939 $27,542
2019 $1,074 $61,256 $34,254 $27,002
2018 $983 $60,056 $33,583 $26,473
2016 $915 $57,726 $32,280 $25,446
2015 $905 $56,860 $31,796 $25,064
2014 $930 $55,748 $31,174 $24,574
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25017196

California Regional Multiple Listing Service (CRMLS)

APN: 2355-010-039