$2,950,000
SOLD FEB 3, 2015

4824 Satsuma Ave North Hollywood, CA 91601

North Hollywood Neighborhood
16 Beds
7 Baths
11,336 Sq Ft
0.32 Acres

Recently Sold

$260 Per Sq Ft

5% Below List Price

70 Days on Market

Highlights

  • 13,915 Sq Ft lot
  • Central Heating and Cooling System
  • 16 Car Garage
  • Community Pool

About This Home

As of September 2017

Chelsea Gardens is a very well maintained ten unit apartment building located is a desirable Toluca Lake location. Built in 1963, the property is subject to rent control. The unit mix offers a nice variety of spacious One and Two Bedroom Units. Located in a quiet cul de sac, the property sits just north of Camarillo Street and a few blocks east of Vineland Avenue. Residents benefit from the close proximity to the NoHo Arts District as well as convenient 101 and 170 Freeway access. In addition to the great location, the building offers residents a very pleasant living experience with lush landscaping, pool, controlled access, water feature, on-site laundry facility, storage areas, and plenty of garage, covered and open parking. The units have spacious floorplans, central air conditioning and heat, ample closet space and all have either a patio or balcony. Additionally, the building has copper plumbing throughout (Buyer to verify). Drive by only, do not disturb tenants.

Last Agent to Sell the Property

Brett Sanson

Marcus & Millichap License #01387480 Listed on: 09/26/2014

Last Buyer's Agent

Brett Sanson

Marcus & Millichap License #01387480 Listed on: 09/26/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Interior Spaces

  • 11,336 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 7 Bathrooms

Parking

  • 16 Car Garage
  • Uncovered Parking

Additional Features

  • 0.32 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 2421-013-024

Community Details

Recreation

  • Community Pool

Additional Features

  • 10 Units
  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Complex Name: Chelsea Gardens
  • Living Area: 11336
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 7.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 273.47

Exterior Features

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

Garage/Parking

  • Parking Garage: Covered Parking, Garage, Uncovered
  • Total Parking: 16

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Amenities: Pool

Lot Info

  • Assessed Improvement Value: 544347
  • Assessed Land Value: 1270144
  • Assessor Parcel Number: 2421-013-024
  • Geocode Override: No
  • Lot Size Area: 13915

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 16.53
  • Number Of Units: 10
  • Rent Control: 100%
  • Total Annual Expense: 72287
  • Type Of Units: Twnhs & Flat
  • Vacancy Rate: 0%

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2017 09/27/17 Sold $3,160,000 -14.6% $279 / Sq Ft
07/14/2017 07/14/17 Pending -- -- --
04/03/2017 04/03/17 For Sale $3,700,000 +25.4% $326 / Sq Ft
02/03/2015 02/03/15 Sold $2,950,000 -4.8% $260 / Sq Ft
12/05/2014 12/05/14 Pending -- -- --
09/26/2014 09/26/14 For Sale $3,100,000 -- $273 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Reza Ghobadi

    Seller's Agent in 2017

    Reza Ghobadi

    Reza Ghobadi

    (818) 793-2923

    2 in this area

    18 Total Sales

    Reza Ghobadi
    Section Image
  • Brett Sanson

    Seller's Agent in 2015

    Brett Sanson

    Marcus & Millichap

    (818) 212-2700

    23 Total Sales

    Brett Sanson
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 14-797333

The MLS
California Los Angeles County North Hollywood 91601 North Hollywood

4824 Satsuma Ave, North Hollywood, CA

This home is located at 4824 Satsuma Ave, North Hollywood, CA 91601 and is currently priced at $2,950,000, approximately $260 per square foot. This property was built in 1963. 4824 Satsuma Ave is a home located in Los Angeles County with nearby schools including Toluca Lake Elementary School, Walter Reed Middle, and East Valley Senior High School.

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