$1,487,500
SOLD SEP 21, 2021
4 Beds
4 Baths
4,624 Sq Ft
5,382 Sq Ft Lot

Recently Sold

$322 Per Sq Ft

1% Below List Price

7 Days on Market

Highlights

  • Corner Lot
  • Hiking Trails
  • Laundry Room

About This Home

As of September 2021

KW Commercial is pleased to present 5648 Franklin Ave, 1857, 1859, 1861 N Gramercy Pl. Subject consists of 4 large 1 bedroom/1 bathroom apartments with formal dining rooms. Each apartment is approximately 1,150 SF with in-unit washer and dryer and one parking space. Separately metered for gas and electric. With an 81 Walkscore, Gramercy/Franklin apartments are located in a walker's paradise, offering tenants access to an array of world-class shopping, dining, and entertainment destinations. Please DO NOT disturb tenants and DO NOT walk on the property.

Last Agent to Sell the Property

Anie Mayelian

Keller Williams Realty Calabasas License #00778825 Listed on: 08/05/2021

Keller Williams Realty Calabasas

Last Buyer's Agent

Anie Mayelian

Keller Williams Realty Calabasas License #00778825 Listed on: 08/05/2021

Keller Williams Realty Calabasas

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,259

Year Built

  • Built in 1922

Lot Details

  • 5,382 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Density is up to 1 Unit/Acre

Home Design

  • 4,624 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tax Lot 32
  • Tax Tract Number 190301
  • Assessor Parcel Number 5544002049

Community Details

Overview

  • 4 Units

Recreation

  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $2,997
  • Operating Expense $22,707
  • Gross Income $91,176
  • Net Operating Income $65,734

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,259

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LAR3
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 5544002049
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 321.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Hiking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Lot Size Sq Ft: 5382.00
  • Lot Size Acres: 0.1236

Multi Family

  • Gross Income: 91176.00
  • Gross Scheduled Income: 91176.00
  • Insurance Expense: 2997.10
  • Lot Size Area: 5382.0000 Square Feet
  • Net Operating Income: 65733.57
  • 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: 22707.10
  • Rent Control: Yes
  • Total Expenses: 22707.15

Tax Info

  • Tax Census Tract: 1903.01
  • Tax Lot: 32
  • Tax Tract Number: 190301

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2021
Closed on
Oct 24, 2021
Sold by
Martirosyan Adrine and Nalchyan Tigran
Bought by
Atna Group Llc
Seller's Agent
Anie Mayelian
Keller Williams Realty Calabasas
Buyer's Agent
Anie Mayelian
Keller Williams Realty Calabasas
List Price
$1,500,000
Sold Price
$1,487,500
Premium/Discount to List
-$12,500
-0.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.88%

Purchase Details

Listed on
Aug 5, 2021
Closed on
Aug 16, 2021
Sold by
Medina Luis Enrique and Medina Luis Enrique
Bought by
Martirosyan Adrine and Nalchyan Tigran
Seller's Agent
Anie Mayelian
Keller Williams Realty Calabasas
Buyer's Agent
Anie Mayelian
Keller Williams Realty Calabasas
List Price
$1,500,000
Sold Price
$1,487,500
Premium/Discount to List
-$12,500
-0.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,625
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2017
Sold by
Medina Luis E
Bought by
Medina Luis Enrique and The Luis Enrique Medina Revocable Living

Purchase Details

Closed on
Mar 26, 2013
Sold by
Campbell Scott H and Medina Luis Enrique
Bought by
Campbell Scott H and Medina Luis Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,228
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 1999
Sold by
Dalton Nicholas John Russell
Bought by
Campbell Scott H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
6.78%
Source: Public Records

Similar Homes in Los Angeles, CA

  • 4301 Melbourne Ave, Los Angeles, CA 90027

    $1,775,000

    • 6 Beds
    • 6 Baths
    • 3,986 Sq Ft
    • 4301 Melbourne Ave
    • Los Angeles, CA

    Beautiful 1929 Sixplex, with significant ADU potential, in prime Los Feliz location. The property boasts a sunny South-facing corner lot with excellent exposure. Ideal for investors and 1031 exchange buyers. Each one-bedroom/one-bath unit comes with its own garage space. Possible Opportunity to add two, 2-bedroom, ADU's above the existing garage. Located within the highly ranked and sought after

    Dennis Chernov The Agency

    Section Image
  • 310 N Kenmore Ave, Los Angeles, CA 90004

    $1,299,000

    • 3 Beds
    • 2,496 Sq Ft
    • 310 N Kenmore Ave
    • Los Angeles, CA

    Exceptional investment opportunity in the heart of Koreatown, Los Angeles! This remarkable triplex property is a fixer-upper gem that holds immense potential for savvy investors looking to make their mark in the real estate market. Comprising two distinct buildings on the same lot. The first building features two bedrooms and one bathroom, providing ample living space for potential

    Eugenia Mancera Berkshire Hathaway HomeServices California Realty

    Section Image
  • 2461 Mccready Ave, Los Angeles, CA 90039

    $1,300,000

    • 5 Beds
    • 3 Baths
    • 2,828 Sq Ft
    • 2461 Mccready Ave
    • Los Angeles, CA

    Discover the timeless charm of this original Spanish triplex nestled high in the trendy Silver Lake neighborhood at 2461 McCready Avenue, Los Angeles. This unique fixer-upper spans 2,828 square feet, offering a wealth of potential within its walls. Each of the three units boasts its own floor, providing privacy and breathtaking views across Los Angeles. The top and middle units each feature two

    Patricia So Compass

    Section Image
  • 936 S Lucerne Blvd, Los Angeles, CA 90019

    $1,150,000

    • 2 Beds
    • 2 Baths
    • 1,876 Sq Ft
    • 936 S Lucerne Blvd
    • Los Angeles, CA

    Located in the desirable Windsor Village/Hancock Park neighborhood which is renowned for its rich history and architectural charm, making this prime location! ~This Spanish-Style Duplex on a beautiful Tree-Lined Street, offers a fantastic opportunity for owner-users and investors alike ~ Zoned R2-HPOZ ~The property features two side-by-side identical units, each with 1- bedrooms, 1-bath.

    Linda Roth Burrell Keller Williams Larchmont

    Section Image
  • 5618 Venice Blvd, Los Angeles, CA 90019

    $1,290,000

    • 5 Beds
    • 2,400 Sq Ft
    • 5618 Venice Blvd
    • Los Angeles, CA

    This is a mixed use building. There is a 2 bedroom 2 bath unit on the second floor that is occupied. Downstairs was used for an office and a one bedroom unit or it can be used as a two bedroom unit that is now vacant. There is also a third unit that is being used as an upholstery shop This unique building has room to add more space or units, There is also a one car attached garage. This

    David Babiracki Option West Realty

    Section Image
  • 2546 S Bronson Ave, Los Angeles, CA 90018

    $1,299,000

    • 5 Beds
    • 4 Baths
    • 3,207 Sq Ft
    • 2546 S Bronson Ave
    • Los Angeles, CA

    Classic 1928 triplex in Mid Los Angeles / Jefferson Park near West Adams, Expo/Crenshaw Line, USC, DTLA, Culver City, and the 10 freeway. Zoned LARD2 on a 6,916 sq ft lot, this property offers a prime central location, long-term hold potential, and value-add options. Three income-producing units on a deep city lot in a high-demand rental pocket of 90018 with continued neighborhood investment.

    Eduardo Barrera VISMAR REAL ESTATE

    Section Image
  • 11170 Burbank Blvd, Los Angeles, CA 91601

    $1,798,000

    • 5 Beds
    • 2 Baths
    • 3,039 Sq Ft
    • 11170 Burbank Blvd
    • Los Angeles, CA

    FIXER UPPER - multi-functional mixed-use property 3 separate properties on 1 lot, this property has 1 building used as a hair salon; 1 building used as a SFR w/3 bedroom w/1 bathroom and separate commercial building ready to be rented; see attached picture for previous plans to buildout property; property has space for 6-7 onsite parking spots; each unit has its own electric, gas and water meter;

    Dinorah Carmenate Properties By Dinorah

    Section Image
  • 5017 San Pedro St, Los Angeles, CA 90011

    $1,150,000

    • 6 Beds
    • 6 Baths
    • 2,720 Sq Ft
    • 5017 San Pedro St
    • Los Angeles, CA

    Located in the heart of Downtown Los Angeles, a remarkable opportunity awaits the ideal buyer. This multi-unit building features six units with atotal living space of 2,720 square feet. One unit is brand new construction and is vacant ready to be occupied. Each unit is equipped with onebedroom, one bathroom, and a private front patio. Security is ensured with a gated entrance. The

    Linda Ojeda Luxury Collective

    Section Image
  • 7436 Lankershim Blvd, Los Angeles, CA 91605

    $1,300,000

    • 3 Beds
    • 2,165 Sq Ft
    • 7436 Lankershim Blvd
    • Los Angeles, CA

    We are excited to offer an exceptional opportunity to purchase a versatile mixed-use commercial property strategically positioned on the highly sought-after Lankershim Blvd. This property consists of two 3 Bedroom Residential Units and one store-front retail space, currently offering a 6.4% CAP Rate. This property is sold in conjunction with 7444 Lankershim Blvd, which presents a potential for

    David Nalbandyan LA Premier Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Available
Grant Deed $1,487,500 First American Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Ticor Title Company Of Ca
Individual Deed $375,500 Equity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $115,625 New Conventional
Previous Owner $266,228 New Conventional
Previous Owner $337,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2025 02/24/25 Price Changed $1,670,000 -4.0% $361 / Sq Ft
02/07/2025 02/07/25 Price Changed $1,740,000 -3.1% $376 / Sq Ft
12/25/2024 12/25/24 Price Changed $1,795,000 -5.3% $388 / Sq Ft
11/13/2024 11/13/24 For Sale $1,895,000 +27.4% $410 / Sq Ft
09/21/2021 09/21/21 Sold $1,487,500 -0.8% $322 / Sq Ft
08/05/2021 08/05/21 For Sale $1,500,000 -- $324 / 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 $19,259 $1,578,546 $1,061,208 $517,338
2024 $19,259 $1,547,595 $1,040,400 $507,195
2023 $18,891 $1,517,250 $1,020,000 $497,250
2022 $18,021 $1,487,500 $1,000,000 $487,500
2021 $7,031 $543,106 $325,867 $217,239
2019 $6,831 $526,999 $316,202 $210,797
2018 $6,733 $516,666 $310,002 $206,664
2016 $6,399 $496,605 $297,965 $198,640
2015 $6,311 $489,147 $293,490 $195,657
2014 $6,354 $479,566 $287,741 $191,825
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21167560

California Regional Multiple Listing Service (CRMLS)

APN: 5544-002-049