NOT LISTED FOR SALE

Estimated Value: $1,125,000 - $1,524,000

6 Beds
4 Baths
2,363 Sq Ft
$562/Sq Ft Est. Value

Last Sold May 23, 2022

Last sale price $1,300,000 $550 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $8,241/month

11 Days on Market

About This Home

As of May 2022

Fix and save! Great investment in prime NoHo Arts District! Front unit offers 3 bedrooms, 2 bathrooms, remodeled kitchen with stainless steel appliances, breakfast bar, central heat and air. Second unit offers 2 bedrooms, 1 bathroom. Third unit offers 1 bedroom, 1 bathroom. Two 1 car garages and one 2 car garage. Laundry in 1 car garage. Too many features to list! This is a must see! Income and expenses are projected.

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 03/14/2022

Last Buyer's Agent

Sandra Alvarez

American Team Properties License #01101117

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,658

Year Built

  • Built in 1923

Lot Details

  • 6,978 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Triplex

Interior Spaces

  • 2,363 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Tax Lot 50
  • Tax Tract Number 6345
  • Assessor Parcel Number 2337028023
  • $408 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Trash Expense $2,000
  • Water Sewer Expense $2,000
  • New Taxes Expense $16,250
  • Operating Expense $22,250
  • Gross Income $77,820
  • Net Operating Income $55,570

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,658

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.28
  • Price Per Unit: 433331
  • Property Attached: Yes
  • Water Sewer Expenses: 2000.00
  • Zoning: LARD1.5
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 2337028023
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 550.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6978.00
  • Lot Size Acres: 0.1602

Multi Family

  • Gross Income: 77820.00
  • Gross Multiplier: 16.70
  • Gross Scheduled Income: 77820.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6978.0000 Square Feet
  • Net Operating Income: 55570.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 22250.00
  • Rent Control: Yes
  • Total Expenses: 22250.00

Tax Info

  • New Taxes Expense: 16250.00
  • Tax Census Tract: 1242.04
  • Tax Lot: 50
  • Tax Tract Number: 6345
  • TaxOtherAnnualAssessmentAmount: 408.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2022
Closed on
Mar 31, 2022
Sold by
Acosta Justo and Acosta Delia
Bought by
Galvez Carlos and Alvarado Josselyn
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Sandra Alvarez
American Team Properties
List Price
$1,299,992
Sold Price
$1,300,000
Premium/Discount to List
$8
0.0%
Current Estimated Value
$1,251,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,420
Avg. Annual Appreciation
1.72%
Original Mortgage
$1,008,000
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2022
Sold by
Prudencia Acosta Delia
Bought by
Justo Acosta And Delia Prudencia Acosta Revoc and Prudenc Delia

Purchase Details

Closed on
Nov 30, 2021
Sold by
Prudencia Acosta Delia
Bought by
Justo Acosta And Delia Prudencia Acosta Revoc

Purchase Details

Closed on
Mar 6, 2015
Sold by
Acosta Justo
Bought by
The Justo Acosta & Delia Prudencia Acost
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
Galvez Carlos $1,300,000 Fidelity National Title
Justo Acosta And Delia Prudencia Acosta Revoc -- --
Justo Acosta And Delia Prudencia Acosta Revoc -- --
The Justo Acosta & Delia Prudencia Acost -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galvez Carlos $1,008,000
Previous Owner Acosta Justo $185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2022 05/23/22 Sold $1,300,000 0.0% $550 / Sq Ft
05/20/2022 05/20/22 Price Changed $1,299,992 -13.3% $550 / Sq Ft
03/25/2022 03/25/22 Price Changed $1,499,994 +15.4% $635 / Sq Ft
03/25/2022 03/25/22 For Sale $1,299,992 0.0% $550 / Sq Ft
03/23/2022 03/23/22 Off Market $1,300,000 -- --
03/14/2022 03/14/22 For Sale $1,299,992 -- $550 / 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 $16,658 $1,379,570 $827,742 $551,828
2024 $16,658 $1,352,520 $811,512 $541,008
2023 $16,336 $1,326,000 $795,600 $530,400
2022 $3,610 $280,244 $70,945 $209,299
2021 $3,554 $274,750 $69,554 $205,196
2019 $3,452 $266,602 $67,492 $199,110
2018 $3,328 $261,375 $66,169 $195,206
2016 $3,158 $251,227 $63,600 $187,627
2015 $3,113 $247,454 $62,645 $184,809
2014 $3,142 $242,607 $61,418 $181,189
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB22031571

California Regional Multiple Listing Service (CRMLS)

APN: 2337-028-023