NOT LISTED FOR SALE

Estimated Value: $1,082,000 - $1,416,179

4 Beds
2 Baths
1,802 Sq Ft
$655/Sq Ft Est. Value

Last Sold April 13, 2023

Last sale price $965,000 $536 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $7,423/month

45 Days on Market

Highlights

  • Cottage
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of April 2023

This beautifully maintained, authentic bungalow-style duplex is perfect for an extended family, owner-user or as an investment opportunity. Located about 20' from Toluca Lake, this charming complex sits on a large fenced and gated lot with mature landscaping. Both units have 2 bedrooms and 1 bathroom with central AC and heat, washer/dryer hookups, and private yards. A divided 2 car garage is accessed via the convenient alleyway in the rear. There is also parking in front on Cahuenga. The front unit is tenant-occupied and the rear unit is vacant. Front unit was remodeled in 2010. A new roof was put on in 2016. (Permits are attached in documents.) Close to NOHO Arts District, studios, shopping and restaurants. Easy access to freeways and Metro. This is a unique opportunity and a rare find. PLEASE do not disturb tenants!

Last Agent to Sell the Property

Julie Leverence

Foster Douglas License #01319025 Listed on: 11/16/2022

Last Buyer's Agent

Sarkis Arpajian

Sarkis Arpajian License #01515875

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,020

Year Built

  • Built in 1948

Lot Details

  • 7,199 Sq Ft Lot
  • Lot Dimensions are 60x120

Parking

  • 2 Car Detached Garage

Home Design

  • 1,802 Sq Ft Home
  • Cottage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 2421-005-022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,020

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Cottage
  • Street Number Display: Yes
  • Advertising Remarks: Please contact listing agent Julie Leverence via email at Julie@fosterdouglas.com or text 818.448.1061.
  • Living Area: 1802
  • Lot Acreage: 0.1653
  • Lot Dimensions: 60x120
  • Year Built: 1948
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Common Walls: Attached
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 592.12

Exterior Features

  • Other Structures: Other
  • View: No

Garage/Parking

  • Garage Structures: 1
  • Parking Garage: Detached
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Forced Air

Lot Info

  • Assessed Improvement Percent: 47.17
  • Assessed Improvement Value: 35661
  • Assessed Land Percent: 52.83
  • Assessed Land Value: 39934
  • Total Assessed Value: 75595
  • Assessor Parcel Number: 2421-005-022
  • Lot Size Area: 7199

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 16.50
  • Number Of Units: 2
  • Total Annual Expense: 13350
  • Type Of Units: Attached
  • Vacancy Rate: 50%

Tax Info

  • Private Transfer Taxes: No
  • Tax Expense: 13350.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2022
Closed on
Mar 28, 2023
Sold by
Christine M Farnon 1991 Trust
Bought by
Pratt Kimberly
Seller's Agent
Julie Leverence
Foster Douglas
Buyer's Agent
Sarkis Arpajian
Sarkis Arpajian
List Price
$1,068,000
Sold Price
$965,000
Premium/Discount to List
-$103,000
-9.64%
Views
102
Current Estimated Value
$1,180,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,795
Avg. Annual Appreciation
8.89%
Original Mortgage
$665,000
Outstanding Balance
$647,368
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$533,427
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
Pratt Kimberly $965,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pratt Kimberly $665,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2023 04/13/23 Sold $965,000 -9.6% $536 / Sq Ft
12/31/2022 12/31/22 Pending -- -- --
11/30/2022 11/30/22 Price Changed $1,067,000 -0.1% $592 / Sq Ft
11/16/2022 11/16/22 For Sale $1,068,000 -- $593 / 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 $12,020 $1,003,986 $624,240 $379,746
2024 $12,020 $984,300 $612,000 $372,300
2023 $11,725 $960,000 $600,000 $360,000
2022 $1,088 $75,595 $39,934 $35,661
2021 $1,064 $74,113 $39,151 $34,962
2019 $1,034 $71,917 $37,991 $33,926
2018 $967 $70,508 $37,247 $33,261
2016 $901 $67,771 $35,801 $31,970
2015 $939 $66,754 $35,264 $31,490
2014 $905 $65,448 $34,574 $30,874
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-218705

The MLS

APN: 2421-005-022