$1,399,993

Estimated payment $8,547/month

Total Views 4,588
8 Beds
4 Baths
3,626 Sq Ft
$386 Price per Sq Ft

Highlights

  • No Units Above
  • Laundry Room
  • Front Yard
  • North Hollywood Senior High School Rated A
  • Level Lot

About This Home

This exceptional property is a rare find, offering 3,626 square feet of living space on a large 7,810 square foot lot. The building consists of four townhouse-style units, each with two bedrooms and one bathroom, providing ample space and comfort for tenants or owner-occupants. Every unit features beautiful hardwood floors throughout, creating a warm and inviting atmosphere. The formal dining room in each unit offers an elegant space for meals and gatherings, while large windows bring in plenty of natural light, making the units feel bright and open. The units also boast a large front yard, ideal for outdoor relaxation or gardening. For added convenience, there is a shared laundry room with additional storage space, as well as a patio and separate storage area for each unit. The property offers plenty of parking, with a four-car carport, one-car garage, and five off-street parking spaces available. The owner’s unit is move-in ready, making it perfect for an investor or anyone seeking to live on-site while managing the property. This is an incredible opportunity to acquire a turn-key building in a prime location, offering both charm and income potential.

Listing Agent

Brad Korb

Brad Korb Real Estate Group Brokerage Email: brad@bradkorb.com License #00698730 Listed on: 05/06/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,202

Year Built

  • Built in 1952

Lot Details

  • 7,810 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Level Lot
  • Front Yard

Parking

  • 5 Open Parking Spaces
  • 1 Car Garage
  • 4 Carport Spaces

Home Design

  • Quadruplex

Interior Spaces

  • 3,626 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 9237
  • Assessor Parcel Number 2347022010
  • Seller Considering Concessions

Community Details

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,779
  • Insurance Expense $1,950
  • New Taxes Expense $17,500
  • Operating Expense $24,229
  • Gross Income $82,800
  • Net Operating Income $58,571

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,202

Year Built

Built in 1952

Lot Details

0

Parking

1

Listing Details

  • CapRate: 4.18
  • Price Per Unit: 349998
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 2347022010
  • Year Built: 1952
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: living room
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Entry Level: 1
  • Price Per Square Foot: 386.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 1.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area, Community, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level
  • Lot Size Sq Ft: 7810.00
  • Lot Size Acres: 0.1793

Multi Family

  • Electric Expense: 4779.00
  • Gross Income: 82800.00
  • Gross Multiplier: 16.91
  • Gross Scheduled Income: 82800.00
  • Insurance Expense: 1950.00
  • Lot Size Area: 7810.0000 Square Feet
  • Net Operating Income: 58571.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 24229.00
  • Rent Control: Yes
  • Total Expenses: 24229.00

Tax Info

  • New Taxes Expense: 17500.00
  • Tax Census Tract: 1249.03
  • Tax Lot: 21
  • Tax Tract Number: 9237

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $11,202 $903,563 $542,140 $361,423
2024 $11,202 $885,847 $531,510 $354,337
2023 $10,992 $868,479 $521,089 $347,390
2022 $10,491 $851,451 $510,872 $340,579
2021 $10,350 $834,756 $500,855 $333,901
2019 $10,046 $810,279 $486,000 $324,279
2018 $9,905 $794,398 $476,471 $317,927
2016 $9,446 $763,283 $457,970 $305,313
2015 $9,311 $751,818 $451,091 $300,727
2014 $9,363 $737,092 $442,255 $294,837
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2025 05/06/25 For Sale $1,399,993 -- $386 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Advantage Title
Quit Claim Deed $700,000 Advantage Title Inc
Quit Claim Deed -- --
Interfamily Deed Transfer -- United Title Company
Gift Deed -- United Title Company
Gift Deed -- United Title Company
Interfamily Deed Transfer -- First American Title Company
Corporate Deed $226,000 First American Title Company
Trustee Deed $218,666 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $413,000 New Conventional
Previous Owner $215,000 No Value Available
Previous Owner $218,000 No Value Available
Previous Owner $180,800 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB25087987

California Regional Multiple Listing Service (CRMLS)

APN: 2347-022-010