NOT LISTED FOR SALE

5646 Lexington Ave Los Angeles, CA 90038

Hollywood Neighborhood

Estimated Value: $1,580,000 - $3,195,007

14 Beds
8 Baths
5,143 Sq Ft
$481/Sq Ft Est. Value

Last Sold February 15, 2017

Last sale price $1,990,000 $387 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $15,504/month

112 Days on Market

Highlights

  • Newly Remodeled
  • Traditional Architecture
  • 8 Car Attached Garage
  • STEM Academy at Bernstein High Rated A-
  • Granite Countertops
  • 1-minute walk to Seily Rodriguez Park

About This Home

As of February 2017

BACK ON THE MARKET!!! BUYER COULDN'T PERFORM. NEW CONSTRUCTION LUXURY FOUR-PLEX. This large fourplex has a total of 5,138 s/f. The two largest units each have four bedrooms and two baths. The other two units each have three bedrooms and two baths. Each unit has one covered and one uncovered parking space which is a hot commodity in Los Angeles neighborhoods, particularly Hollywood. All four units have spacious open floor plans, high quality materials and finishes, private laundry rooms with hooks-ups and stainless steel kitchen appliances. The units are equipped with separate meters for water, gas and electricity. There is a fifth water and electric meter for the owner's common areas, including exterior lighting and landscape irrigation. Property will be delivered vacant and is not subject to rent control.

Last Agent to Sell the Property

Marietta Anderson

Phoenix RE Consulting License #01874132 Listed on: 09/21/2016

Co-Listed By

Mark Anderson

Phoenix RE Consulting License #01899603

Last Buyer's Agent

Mark Anderson

Phoenix RE Consulting License #01899603

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,938

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 6,736

Parking

  • 8 Car Attached Garage

Home Design

  • Duplex
  • Traditional Architecture

Interior Spaces

  • 5,143 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Laundry in unit

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 8 Bathrooms

Additional Features

  • 6,736 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5536-007-020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,938

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: BACK ON THE MARKET!!! BUYER COULDN'T PERFORM. NEW CONSTRUCTION LUXURY FOUR-PLEX. This large fourplex has a total of 5,138 s/f. The two largest units each have four bedrooms and two baths. The other two units each have three bedrooms and two baths. Each unit has one covered and one uncovered parking space which is a hot commodity in Los Angeles neighborhoods, particularly Hollywood. All four units have spacious open floor plans, high quality materials and finishes, private laundry rooms with hooks-ups and stainless steel kitchen appliances. The units are equipped with separate meters for water, gas and electricity. There is a fifth water and electric meter for the owner's common areas, including exterior lighting and landscape irrigation. Property will be delivered vacant and is not subject to rent control.
  • Living Area: 5143
  • Property Condition: New Construction
  • Stories: 2
  • Year Built: 2016
  • Number Of Photos: 49
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Bedrooms: 14
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Granite Counters, Remodeled
  • Laundry: In Unit
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 408.13

Exterior Features

  • Tennis Court Y/N: No
  • Construction: New
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Garage Is Attached
  • Total Parking: 8

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 112000
  • Assessed Land Value: 448000
  • Assessor Parcel Number: 5536-007-020
  • Geocode Override: No
  • Lot Size Area: 6736

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.67
  • Number Of Units: 4
  • Rent Control: 0
  • Total Annual Expense: 37248
  • Type Of Units: Duplexes
  • Vacancy Rate: 100

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 2016
Sold by
La Mirada Solutions Llc
Bought by
Samba Llc
Current Estimated Value
$2,473,002

Purchase Details

Listed on
Apr 13, 2015
Closed on
Jun 10, 2015
Sold by
Ofstein Berten R
Bought by
Ofstein Berten R
Seller's Agent
Troy Soumis
M Troy Soumis
Buyer's Agent
OUT OF AREA OUT OF AREA
OUT OF AREA
List Price
$995,000
Sold Price
$560,000
Premium/Discount to List
-$435,000
-43.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.11%
Original Mortgage
$80,000
Interest Rate
3.85%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Apr 13, 2015
Closed on
Jun 9, 2015
Sold by
Ofstein Berten R
Bought by
La Mirada Solutions Llc
Seller's Agent
Troy Soumis
M Troy Soumis
Buyer's Agent
OUT OF AREA OUT OF AREA
OUT OF AREA
List Price
$995,000
Sold Price
$560,000
Premium/Discount to List
-$435,000
-43.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.85%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Apr 7, 2015
Sold by
Ofstein Stanley E and Ofstein Berten R
Bought by
Ofstein Berten R and Ofstein Edith
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
Samba Llc $1,990,000 Provident Title Company
Ofstein Berten R -- Lawyers Title
La Mirada Solutions Llc $560,000 Lawyers Title
Ofstein Berten R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner La Mirada Solutions Llc $8,000,000
Previous Owner La Mirada Solutions Llc $50,000
Previous Owner La Mirada Solutions Llc $1,036,000
Previous Owner La Mirada Solutions Llc $80,000
Previous Owner La Mirada Solutions Llc $50,000
Previous Owner Ofstein Berten R $80,000
Previous Owner La Mirada Solutions Llc $392,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2017 02/15/17 Sold $1,990,000 -5.2% $387 / Sq Ft
01/11/2017 01/11/17 Pending -- -- --
01/04/2017 01/04/17 For Sale $2,099,000 0.0% $408 / Sq Ft
12/28/2016 12/28/16 Pending -- -- --
11/28/2016 11/28/16 For Sale $2,099,000 0.0% $408 / Sq Ft
10/14/2016 10/14/16 Pending -- -- --
09/21/2016 09/21/16 For Sale $2,099,000 +274.8% $408 / Sq Ft
07/17/2015 07/17/15 Sold $560,000 -5.9% $393 / Sq Ft
05/29/2015 05/29/15 Pending -- -- --
05/26/2015 05/26/15 Price Changed $595,000 -25.2% $417 / Sq Ft
05/12/2015 05/12/15 Price Changed $795,000 -20.1% $558 / Sq Ft
04/13/2015 04/13/15 For Sale $995,000 -- $698 / 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 $27,938 $2,309,560 $1,732,172 $577,388
2024 $27,938 $2,264,275 $1,698,208 $566,067
2023 $27,402 $2,219,878 $1,664,910 $554,968
2022 $26,138 $2,176,352 $1,632,265 $544,087
2021 $25,806 $2,133,679 $1,600,260 $533,419
2020 $26,069 $2,111,802 $1,583,852 $527,950
2019 $25,038 $2,070,396 $1,552,797 $517,599
2018 $24,848 $2,029,800 $1,522,350 $507,450
2016 $6,924 $560,000 $448,000 $112,000
2015 $1,510 $112,694 $98,552 $14,142
2014 $1,525 $110,487 $96,622 $13,865
Source: Public Records

Agents Affiliated with this Home

  • Marietta Anderson

    Seller's Agent in 2017

    Marietta Anderson

    Phoenix RE Consulting

    (323) 363-7597

    14 Total Sales

    Marietta Anderson
    Section Image

  • M

    Seller Co-Listing Agent in 2017

    Mark Anderson

    Phoenix RE Consulting

    Section Image
  • Troy Soumis

    Seller's Agent in 2015

    Troy Soumis

    M Troy Soumis

    (310) 433-5806

    Troy Soumis
    Section Image

  • O

    Buyer's Agent in 2015

    OUT OF AREA OUT OF AREA

    OUT OF AREA

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Map

Source: The MLS

MLS Number: 16-164224

The MLS

APN: 5536-007-020

California Los Angeles County Los Angeles 90038 Hollywood

5646 Lexington Ave, Los Angeles, CA

This home is located at 5646 Lexington Ave, Los Angeles, CA 90038 since 21 September 2016 and is currently estimated at $2,473,002, approximately $480 per square foot. This property was built in 2016. 5646 Lexington Ave is a home located in Los Angeles County with nearby schools including Joseph Le Conte Middle School, STEM Academy at Bernstein High, and Helen Bernstein High School.

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