NOT LISTED FOR SALE

5619 Satsuma Ave Los Angeles, CA 91601

North Hollywood Neighborhood

Estimated Value: $1,710,562 - $1,748,000

6 Beds
6 Baths
3,880 Sq Ft
$446/Sq Ft Est. Value

Last Sold June 08, 2021

Last sale price $1,425,000 $367 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $11,025/month

35 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window

About This Home

As of June 2021

The Satsuma Apartments is a remarkable apartment building, situated on a large 9,467 square foot lot, with 2 separate structures, consisting of 6 one bedroom one bathroom units. Located blocks away from the NoHo Arts District, the Satsuma Apartments make it a convenient location for renters to flock to. All units have various upgrades, with 2 parking spaces assigned for each unit, one of which includes a separate garage for each unit. Buyer can explore options of potentially converting these garages into ADU units, which will provide an additional source of income, and a stronger return on investment. From the 6 units, 4 of those units are part of the front structure, and the other remaining 2 units are part of the back structure, sitting on top of the 6 garage spaces. No soft-story retrofit required! Property is exempt from City of LA's soft-story requirement! Each unit has it's own water heater, essentially alleviating any gas bills for the owner to pay. The property is subject to Los Angeles rent control, and all rents are paid up-to-date by tenants. Annual gross income for the property is $93,287. Truly a great investment in a great location!

Last Agent to Sell the Property

Jack Baboudjian

Baboudjian Properties Inc. License #01372116 Listed on: 03/18/2021

Last Buyer's Agent

Nancy Aynehchi

First Team Real Estate License #01450929

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,231

Year Built

  • Built in 1952

Lot Details

  • 9,467 Sq Ft Lot
  • 1 Common Wall

Home Design

  • 3,880 Sq Ft Home
  • Property Attached

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 2415007018

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units
  • Not Applicable 105 Subdivision

Building Details

  • 7 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,517
  • Maintenance Expense $3,000
  • Trash Expense $4,359
  • Water Sewer Expense $2,269
  • New Taxes Expense $17,556

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,231

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.25
  • Price Per Unit: 237500
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2269.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 2415007018
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 367.27

Exterior Features

  • Pool Private: No
  • Spa: No

Utilities

  • Heating: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 4359.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 9467.00
  • Lot Size Acres: 0.2173

Multi Family

  • Gross Multiplier: 16.03
  • Gross Scheduled Income: 93287.00
  • Insurance Expense: 2517.00
  • Lot Size Area: 9467.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6

Tax Info

  • New Taxes Expense: 17556.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2021
Closed on
Jun 1, 2021
Sold by
Shabanzadeh Parisa
Bought by
Younesian Robert
Seller's Agent
Jack Baboudjian
Baboudjian Properties Inc.
Buyer's Agent
Nancy Aynehchi
First Team Real Estate
List Price
$1,495,000
Sold Price
$1,425,000
Premium/Discount to List
-$70,000
-4.68%
Current Estimated Value
$1,729,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,281
Avg. Annual Appreciation
4.33%
Original Mortgage
$650,000
Outstanding Balance
$589,774
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,113,297

Purchase Details

Listed on
Mar 18, 2021
Closed on
May 19, 2021
Sold by
Shirinina Properites B Llc
Bought by
Younesian Robert
Seller's Agent
Jack Baboudjian
Baboudjian Properties Inc.
Buyer's Agent
Nancy Aynehchi
First Team Real Estate
List Price
$1,495,000
Sold Price
$1,425,000
Premium/Discount to List
-$70,000
-4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$589,774
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,113,297

Purchase Details

Closed on
Feb 18, 2014
Sold by
Shirinian Harpartzoum H and Shirinian Arletta S
Bought by
Shirinian Properties B Llc

Purchase Details

Closed on
Oct 17, 2013
Sold by
Sanchez Victor H and Sanchez Gloria E
Bought by
Shirinian Hampartzoum H and Shirinian Arletta S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 15, 2009
Sold by
Sanchez Victor H
Bought by
Sanchez Victor H and Sanchez Gloria E

Purchase Details

Closed on
Nov 5, 1999
Sold by
Sanchez Gloria
Bought by
Sanchez Victor H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,875
Interest Rate
7.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 1999
Sold by
Dennis Foster and Dennis Rebecca
Bought by
Sanchez Victor H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,875
Interest Rate
7.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 22, 1998
Sold by
Suk Gerald J
Bought by
Dennis Foster and Dennis Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.54%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Younesian Robert -- Western Resources Title
Younesian Robert $1,425,000 Western Resources Title
Shirinian Properties B Llc -- None Available
Shirinian Hampartzoum H $780,000 Stewart Title Of California
Sanchez Victor H -- None Available
Sanchez Victor H -- American Coast Title
Sanchez Victor H $222,500 American Coast Title
Dennis Foster $205,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Younesian Robert $650,000
Closed Younesian Robert $650,000
Previous Owner Shirinian Hampartzoum H $530,000
Previous Owner Sanchez Victor H $166,875
Previous Owner Dennis Foster $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2021 06/08/21 Sold $1,425,000 -4.7% $367 / Sq Ft
04/22/2021 04/22/21 Pending -- -- --
03/18/2021 03/18/21 For Sale $1,495,000 -- $385 / 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 $19,231 $1,542,464 $974,188 $568,276
2024 $19,231 $1,512,221 $955,087 $557,134
2023 $18,871 $1,482,570 $936,360 $546,210
2022 $18,022 $1,453,500 $918,000 $535,500
2021 $11,433 $883,351 $509,626 $373,725
2020 $11,539 $874,294 $504,401 $369,893
2019 $11,112 $857,152 $494,511 $362,641
2018 $10,885 $840,346 $484,815 $355,531
2016 $10,353 $807,716 $465,990 $341,726
2015 $10,210 $795,584 $458,991 $336,593
2014 $10,278 $780,000 $450,000 $330,000
Source: Public Records

Agents Affiliated with this Home

  • Jack Baboudjian

    Seller's Agent in 2021

    Jack Baboudjian

    Baboudjian Properties Inc.

    (818) 244-5151

    1 in this area

    15 Total Sales

    Jack Baboudjian
    Section Image
  • Nancy Aynehchi

    Buyer's Agent in 2021

    Nancy Aynehchi

    First Team Real Estate

    (714) 496-8852

    1 in this area

    152 Total Sales

    Nancy Aynehchi
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320005403

California Regional Multiple Listing Service (CRMLS)

APN: 2415-007-018

California Los Angeles County Los Angeles 91601 North Hollywood

5619 Satsuma Ave, Los Angeles, CA

This home is located at 5619 Satsuma Ave, Los Angeles, CA 91601 since 18 March 2021 and is currently estimated at $1,729,281, approximately $445 per square foot. This property was built in 1952. 5619 Satsuma Ave is a home located in Los Angeles County with nearby schools including Oxnard Street Elementary School, Walter Reed Middle, and East Valley Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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