NOT LISTED FOR SALE

5057 Shipley Glen Dr Los Angeles, CA 90042

Estimated Value: $1,382,000 - $1,872,000

6 Beds
4 Baths
2,458 Sq Ft
$662/Sq Ft Est. Value

Last Sold August 13, 2019

Last sale price $910,000 $370 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $10,525/month

102 Days on Market

About This Home

As of August 2019

We're proud to present a new exclusive listing, 5057 Shipley Glen Drive, a four (4) unit building located in the trendy Highland Park submarket. The well-maintained building is situated strategically between Avenue 50 and North Figueroa Street in the quiet hills of Highland Park, offering fantastic views for tenants. The location has quickly become one of LA's trendiest pockets, offering new retail shops and cultured restaurant spots surrounding the property.The 1963 charming building offers a terrific unit mix of two (2) remodeled one-bedroom/one-bathroom units, and two (2) two-bedroom/one-bathroom units, one of which has a large private yard. All units offer washer/dryer hookups and the property is separately metered for gas and electric. There are four (4) parking spots on-site, to add more value with the substantial rental upside with each unit.5057 Shipley Glen Drive allows an investor, or an owner-user, to acquire a property in a desirable Highland Park submarket

Last Agent to Sell the Property

Sean Nami

Lyon Stahl Investment Real Estate, Inc. License #01949705 Listed on: 04/09/2019

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Giovanni Altamura

S C Real Estate License #01818979

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,912

Year Built

  • Built in 1963

Lot Details

  • 5,794

Home Design

  • 2,458 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Assigned Parking

Additional Features

  • 5,794 Sq Ft Lot
  • Window Unit Cooling System

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5469-009-040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,912

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2458
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 406.83

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 4

Utilities

  • Cooling: Window Unit(s)

Lot Info

  • Assessed Improvement Value: 224400
  • Assessed Land Value: 673200
  • Assessor Parcel Number: 5469-009-040
  • Geocode Override: No
  • Lot Size Area: 5794

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 19.21
  • Number Of Units: 4
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2024
Sold by
Shin Tiffany
Bought by
Tiffany Shin Trust and Shin
Current Estimated Value
$1,627,000

Purchase Details

Closed on
Mar 10, 2023
Sold by
Fong Trizanne and Fong Stephen
Bought by
Stephen And Trizanne Family Trust

Purchase Details

Listed on
Apr 9, 2019
Closed on
Aug 5, 2019
Sold by
Koss Investments Llc
Bought by
Shipton Lp
Seller's Agent
Sean Nami
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Giovanni Altamura
S C Real Estate
List Price
$1,000,000
Sold Price
$910,000
Premium/Discount to List
-$90,000
-9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.82%
Original Mortgage
$992,490
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 20, 2019
Sold by
Lombardo Maureen and Maureen Lombardo Trust
Bought by
Koss Investments Llc

Purchase Details

Listed on
Jan 23, 2016
Closed on
Mar 31, 2016
Sold by
Lombardo Maureen
Bought by
Lombardo Maureen and The Maureen Lombardo Trust
Seller's Agent
Luther Tsinoglou
Compass
Buyer's Agent
Poupee Komenkul
Rodeo Realty
List Price
$898,000
Sold Price
$880,000
Premium/Discount to List
-$18,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.54%

Purchase Details

Closed on
Dec 3, 2015
Sold by
Nazerian Sarkis and Nazerian Lucinee
Bought by
Lombardo Maureen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,400
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 1998
Sold by
Ge Capital Mtg Services Inc
Bought by
Nazerian Sarkis and Nazerian Lucinee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.06%

Purchase Details

Closed on
Feb 13, 1998
Sold by
Texas Commerce Bank National Assn
Bought by
Ge Capital Mtg Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.06%

Purchase Details

Closed on
Nov 4, 1997
Sold by
Cabrera Mario and Texas Commerce Bank National A
Bought by
Texas Commerce Bank National Assn
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
Tiffany Shin Trust -- None Listed On Document
Stephen And Trizanne Family Trust -- --
Shipton Lp $910,000 Lawyers Title Company
Koss Investments Llc -- None Available
Lombardo Maureen -- None Available
Lombardo Maureen $880,000 Lawyers Title
Nazerian Sarkis $130,000 Stewart Title
Ge Capital Mtg Services Inc -- Stewart Title
Texas Commerce Bank National Assn $185,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shipton Lp $992,490
Previous Owner Lombardo Maureen $449,400
Previous Owner Nazerian Sarkis $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/13/2019 08/13/19 Sold $910,000 -9.0% $370 / Sq Ft
07/20/2019 07/20/19 Pending -- -- --
06/24/2019 06/24/19 For Sale $1,000,000 +9.9% $407 / Sq Ft
06/07/2019 06/07/19 Off Market $910,000 -- --
04/09/2019 04/09/19 For Sale $1,000,000 +13.6% $407 / Sq Ft
02/12/2016 02/12/16 Sold $880,000 -2.0% $358 / Sq Ft View Prior Sale
01/01/2016 01/01/16 Pending -- -- --
11/18/2015 11/18/15 For Sale $898,000 -- $365 / 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 $23,912 $2,002,498 $1,190,674 $811,824
2024 $23,912 $1,963,234 $1,167,328 $795,906
2023 $23,444 $1,924,740 $1,144,440 $780,300
2022 $22,348 $1,887,000 $1,122,000 $765,000
2021 $11,223 $919,427 $643,599 $275,828
2020 $11,334 $910,000 $637,000 $273,000
2019 $11,380 $933,862 $700,397 $233,465
2018 $11,251 $915,552 $686,664 $228,888
2016 $2,350 $175,333 $134,879 $40,454
2015 $2,319 $172,700 $132,853 $39,847
2014 $2,354 $169,318 $130,251 $39,067
Source: Public Records

Agents Affiliated with this Home

  • Sean Nami

    Seller's Agent in 2019

    Sean Nami

    Lyon Stahl Investment Real Estate, Inc.

    (310) 279-7779

    5 Total Sales

    Sean Nami
    Section Image

  • G

    Buyer's Agent in 2019

    Giovanni Altamura

    S C Real Estate

    Section Image
  • Luther Tsinoglou

    Seller's Agent in 2016

    Luther Tsinoglou

    Compass

    (626) 695-8650

    63 Total Sales

    Luther Tsinoglou
    Section Image
  • Poupee Komenkul

    Buyer's Agent in 2016

    Poupee Komenkul

    Rodeo Realty

    (818) 482-0085

    136 Total Sales

    Poupee Komenkul
    Section Image
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Map

Source: The MLS

MLS Number: 19-458396

The MLS

APN: 5469-009-040

California Los Angeles County Los Angeles 90042

5057 Shipley Glen Dr, Los Angeles, CA

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