NOT LISTED FOR SALE

5302 Satsuma Ave North Hollywood, CA 91601

North Hollywood Neighborhood

Estimated Value: $937,000 - $1,325,211

3 Beds
2 Baths
1,451 Sq Ft
$747/Sq Ft Est. Value

Last Sold December 15, 2023

Last sale price $825,000 $569 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $6,422/month

9 Days on Market

Highlights

  • No HOA
  • Bike Trail
  • 1-Story Property
  • Laundry Room

About This Home

As of December 2023

Presenting a vintage duplex, constructed in the year 1955, encompassing 1,451 square feet of living space, all situated on an 6,863 square foot lot. Ideally positioned in a prime location, this property offers unparalleled convenience with its close proximity to renowned entertainment giants like Disney Studios, Warner Bros. Studios, and Universal Studios.

Adding to its allure, you'll find an array of shopping and dining options in the vicinity, while Valley Village, Burbank Airport, and major transportation arteries such as the 134, 101, and 170 Freeways are easily accessible. Currently, both units are on a month to month lease. The annual expenses are estimates and not actual amounts.

Last Agent to Sell the Property

Cameron Cox

MGR REAL ESTATE, INC. License #02132903 Listed on: 09/25/2023

MGR REAL ESTATE, INC.

Co-Listed By

John Morrissey

MGR REAL ESTATE, INC. License #01400469

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 6,863 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,451 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 38
  • Tax Tract Number 9873
  • Assessor Parcel Number 2416008010
  • $277 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $2,000
  • Trash Expense $1,200
  • Operating Expense $3,200
  • Gross Income $25,140
  • Net Operating Income $21,940

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: LAR3
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 2416008010
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 568.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6863.00
  • Lot Size Acres: 0.1576

Multi Family

  • Gross Income: 25140.00
  • Gross Scheduled Income: 25140.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6863.0000 Square Feet
  • Net Operating Income: 21940.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 3200.00
  • Rent Control: Yes
  • Total Expenses: 3200.00

Tax Info

  • Tax Census Tract: 1253.21
  • Tax Lot: 38
  • Tax Tract Number: 9873
  • TaxOtherAnnualAssessmentAmount: 277.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2023
Closed on
Dec 5, 2023
Sold by
Jim Fakhoury 1997 Inter-Vivos Trust and Afaneh Joy Fakhoury
Bought by
Primo Satsuma Llc
Seller's Agent
Cameron Cox
MGR REAL ESTATE, INC.
List Price
$898,882
Sold Price
$825,000
Premium/Discount to List
-$73,882
-8.22%
Views
33
Current Estimated Value
$1,063,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,844
Avg. Annual Appreciation
14.30%

Purchase Details

Closed on
Jun 2, 1997
Sold by
Fakhoury Jim S
Bought by
Fakhoury Jim and The Jim Fakhoury 1997 Inter Vi
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Primo Satsuma Llc -- Orange Coast Title Company
Fakhoury Jim -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Sold $825,000 -8.2% $569 / Sq Ft
10/04/2023 10/04/23 Pending -- -- --
09/25/2023 09/25/23 For Sale $898,882 -- $619 / 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 $10,180 $841,500 $714,000 $127,500
2024 $10,180 $825,000 $700,000 $125,000
2023 $3,923 $303,532 $183,963 $119,569
2022 $3,745 $297,581 $180,356 $117,225
2021 $3,694 $291,747 $176,820 $114,927
2020 $3,728 $288,756 $175,007 $113,749
2019 $3,587 $283,095 $171,576 $111,519
2018 $3,504 $277,545 $168,212 $109,333
2016 $3,338 $266,770 $161,681 $105,089
2015 $3,291 $262,764 $159,253 $103,511
2014 $3,315 $257,618 $156,134 $101,484
Source: Public Records

Agents Affiliated with this Home

  • Cameron Cox

    Seller's Agent in 2023

    Cameron Cox

    MGR REAL ESTATE, INC.

    (760) 985-0527

    1 in this area

    47 Total Sales

    Cameron Cox
    Section Image
  • John Morrissey

    Seller Co-Listing Agent in 2023

    John Morrissey

    MGR REAL ESTATE, INC.

    (909) 608-2165

    1 in this area

    7 Total Sales

    John Morrissey
    Section Image

  • L

    Buyer Co-Listing Agent in 2023

    Lilian Isadzhanyan

    COMPASS

    (626) 205-4040

    1 in this area

    13 Total Sales

    Lilian Isadzhanyan
    Section Image

  • L

    Buyer Co-Listing Agent in 2023

    Lilian Hairabedian

    The Agency

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV23177940

California Regional Multiple Listing Service (CRMLS)

APN: 2416-008-010

California Los Angeles County North Hollywood 91601 North Hollywood

5302 Satsuma Ave, North Hollywood, CA

Not Listed for Sale

MultiFamily

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