NOT LISTED FOR SALE

Estimated Value: $871,000 - $1,123,066

2 Beds
2 Baths
990 Sq Ft
$1,004/Sq Ft Est. Value

Last Sold August 04, 2022

Last sale price $860,000 $869 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,982/month

1 Day on Market

About This Home

As of August 2022

It's not easy to find a duplex in good condition and in a good location that can be delivered vacant. In this case, one unit will be delivered vacant and the tenant in the other unit has signed a Voluntary Vacate Agreement and has already been paid a significant down payment on his relocation fee. He has 180 days to leave but is already actively looking for a new place to live. The units, though small, will fetch $1850 each due to the fact that there is a tremendous amount of usable yard, plenty of parking and it's in a really good location. It is walking distance to the Glendale Galleria and the amazing Americana shopping complex including movie theater, and all shops and restaurants on Colorado Blvd and elsewhere. Yet, it is on a very quiet and lovely residential street. It is also a 'stone's throw' from Griffith Park, as well as the entrance to the '5' freeway, giving rapid and easy access to anywhere in the city. Lastly, there is an excellent ADU opportunity with a 400 sq ft detached garage in the back yard. That ADU would have its own yard, separate from the rest of the property and would easily fetch the same rent as the existing units. There is plenty of parking on the premises even without using the garage for parking. Easy to see this one. Come look at it asap.

Last Agent to Sell the Property

Ken Shapiro

Silverwood Properties License #01715663 Listed on: 06/13/2022

Last Buyer's Agent

Ken Shapiro

Silverwood Properties License #01715663 Listed on: 06/13/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,374

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Duplex

Interior Spaces

  • 990 Sq Ft Home
  • Ceiling Fan

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • 6,374 Sq Ft Lot
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5695-016-023

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 990
  • Lot Acreage: 0.1463
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 2
  • Total Bathrooms: 2.00
  • Equipment: Ceiling Fan
  • Price Per S Q F T: 803.03

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Driveway
  • Total Parking: 4

Utilities

  • Cooling: Wall Unit(s)
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 19.75
  • Assessed Improvement Value: 91009
  • Assessed Land Percent: 80.25
  • Assessed Land Value: 369732
  • Total Assessed Value: 460741
  • Assessor Parcel Number: 5695-016-023
  • Lot Size Area: 6374

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: Duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2025
Sold by
Bellaire Commercial Investments Llc and Brc Commercial Bridge Fund Llc
Bought by
559 Oak St Llc
Current Estimated Value
$994,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Outstanding Balance
$635,273
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$358,994

Purchase Details

Closed on
Jul 31, 2025
Sold by
Law Offices Of Richard G Witkin Apc
Bought by
Brc Commercial Bridge Fund Llc and Bellaire Commercial Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Outstanding Balance
$635,273
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$358,994

Purchase Details

Listed on
Jun 13, 2022
Closed on
Aug 4, 2022
Sold by
Hettie Lynne Hurtes Trust and Hurtes Hettie Lynne
Bought by
Oak 559 Llc
Seller's Agent
Ken Shapiro
Silverwood Properties
Buyer's Agent
Ken Shapiro
Silverwood Properties
List Price
$795,000
Sold Price
$860,000
Premium/Discount to List
$65,000
8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.26%
Original Mortgage
$1,327,000
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2019
Sold by
Hurtes Hettie Lynne
Bought by
Hurtes Hettie Lynne and Hettie Lynne Hurtes Trust

Purchase Details

Listed on
Jun 18, 2013
Closed on
Jul 30, 2013
Sold by
Hurtes Hettie Lynne
Bought by
Hurtes Hettie Lynne and Hettie Lynne Hurtes Trust
Seller's Agent
Jeff Zolot
Coldwell Banker Exclusive
Buyer's Agent
Saverio Ficocelli
BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate
List Price
$389,000
Sold Price
$405,000
Premium/Discount to List
$16,000
4.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.38%
Original Mortgage
$303,750
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 18, 2013
Closed on
Jun 11, 2013
Sold by
Asian Residential Vi Llc
Bought by
Hurtes Hettie Lynne
Seller's Agent
Jeff Zolot
Coldwell Banker Exclusive
Buyer's Agent
Saverio Ficocelli
BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate
List Price
$389,000
Sold Price
$405,000
Premium/Discount to List
$16,000
4.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,750
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 18, 2013
Closed on
Jun 10, 2013
Sold by
Roberts Robert Randolph
Bought by
Hurtes Hettie Lynne
Seller's Agent
Jeff Zolot
Coldwell Banker Exclusive
Buyer's Agent
Saverio Ficocelli
BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate
List Price
$389,000
Sold Price
$405,000
Premium/Discount to List
$16,000
4.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,750
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2013
Sold by
Bank Of America Na
Bought by
Aslan Residential Vi Llc

Purchase Details

Closed on
Oct 19, 2012
Sold by
Jabourian Steve Vartkes
Bought by
Bank Of America Na

Purchase Details

Closed on
Sep 29, 2004
Sold by
Fabrigar David
Bought by
Jabourian Steve Vartkes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 28, 2004
Sold by
Jabourian Taline
Bought by
Jabourian Steve Vartkes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 6, 2002
Sold by
Delacruz Roy
Bought by
Fabrigar David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
6.37%

Purchase Details

Closed on
Nov 18, 1999
Sold by
Lapus Lauro S
Bought by
Delacruz Roy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
10.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
559 Oak St Llc $850,000 Ticor Title Company
Brc Commercial Bridge Fund Llc -- None Listed On Document
Oak 559 Llc $860,000 Old Republic Title
Hurtes Hettie Lynne -- None Available
Hurtes Hettie Lynne -- None Available
Hurtes Hettie Lynne $405,000 None Available
Hurtes Hettie Lynne -- None Available
Aslan Residential Vi Llc $300,500 None Available
Bank Of America Na $231,750 None Available
Jabourian Steve Vartkes $445,000 Alliance Title Company
Jabourian Steve Vartkes -- Alliance Title Company
Fabrigar David $290,000 American Title Co
Delacruz Roy $150,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 559 Oak St Llc $637,500
Previous Owner Oak 559 Llc $1,327,000
Previous Owner Hurtes Hettie Lynne $303,750
Previous Owner Jabourian Steve Vartkes $356,000
Previous Owner Fabrigar David $232,000
Previous Owner Delacruz Roy $127,500
Closed Delacruz Roy $7,500
Closed Fabrigar David $58,000
Closed Jabourian Steve Vartkes $44,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/04/2022 08/04/22 Sold $860,000 +8.2% $869 / Sq Ft
06/14/2022 06/14/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $795,000 +96.3% $803 / Sq Ft
06/19/2013 06/19/13 Sold $405,000 +4.1% $409 / Sq Ft View Prior Sale
04/26/2013 04/26/13 Pending -- -- --
04/06/2013 04/06/13 For Sale $389,000 -- $393 / Sq Ft
Source: The MLS

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 $9,711 $894,744 $686,664 $208,080
2024 $9,711 $877,200 $673,200 $204,000
2023 $9,489 $860,000 $660,000 $200,000
2022 $5,277 $469,955 $377,126 $92,829
2021 $5,187 $460,741 $369,732 $91,009
2019 $4,990 $447,076 $358,766 $88,310
2018 $4,880 $438,311 $351,732 $86,579
2016 $4,657 $421,293 $338,075 $83,218
2015 $4,562 $414,965 $332,997 $81,968
2014 $4,532 $406,838 $326,475 $80,363
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-167195

The MLS

APN: 5695-016-023