NOT LISTED FOR SALE
10 Beds
6 Baths
3,800 Sq Ft
6,504 Sq Ft Lot

Sale Details

Date Sold: October 31, 2018

Last sale price $2,125,000 $559 Per Sq Ft

38 Days on Market

About This Home

As of October 2018

The Waring Apartments is a NON-RENT CONTROLLED apartment building situated in the Hollywood rental market. Constructed in 1988, the property is exempt from local rent control regulations. With a unit mix consisting of all two bedrooms, the property presents a stable long term investment opportunity. Of the five apartments, four are two bedrooms with one bathroom and one is a two bedroom with two bathrooms. The property is on a street to alley lot with parking accessed from the rear alley. There are approximately ten parking spaces at the rear of the property. In addition, there is room for approximately two vehicles to park at the front of the property. Utilities are individually metered for gas and electricity. Three units have in-unit laundry. The property is of wood frame and stucco construction and is two stories accessed by exterior doors and a staircase. Three units are on the ground floor and two is on the second floor

Last Agent to Sell the Property

Brent Sprenkle

Berkadia License #01290116 Listed on: 07/13/2018

Last Buyer's Agent

Brent Sprenkle

Berkadia License #01290116 Listed on: 07/13/2018

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 6,504 Sq Ft Lot

Interior Spaces

  • 3,800 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Parking

  • 10 Parking Spaces
  • Assigned Parking

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5534-033-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

6,504 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 3800
  • Stories: 2
  • Year Built: 1988
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 6.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 578.42

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 10

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Water Heaters: Yes

Fee Information

  • Management Expense: 6235.00

Lot Info

  • Assessed Improvement Value: 401372
  • Assessed Land Value: 691839
  • Assessor Parcel Number: 5534-033-008
  • Geocode Override: No
  • Lot Size Area: 6504

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.80
  • Number Of Units: 5
  • Rent Control: 0
  • Type Of Units: Two-Bedrooms

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2018
Closed on
Sep 11, 2018
Sold by
Bought by
Seller's Agent
Brent Sprenkle
Berkadia
Buyer's Agent
Brent Sprenkle
Berkadia
List Price
$2,198,000
Sold Price
$2,125,000
Premium/Discount to List
-$73,000
-3.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$877,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,045,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 24, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$724,500
Interest Rate
4.34%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
6.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 1999
Sold by
Bought by

Purchase Details

Closed on
Apr 8, 1997
Sold by
Bought by

Purchase Details

Closed on
Mar 5, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,125,000 North American Title Company
-- North American Title Company
$1,035,010 Chicago Title Company
$520,000 Equity Title Company
-- Gateway Title
-- --
$183,000 South Coast Title
$337,248 Northern Counties Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $877,000
Previous Owner $5,500,000
Previous Owner $1,045,000
Previous Owner $2,700,000
Previous Owner $2,000,000
Previous Owner $450,000
Previous Owner $724,500
Previous Owner $505,000
Previous Owner $575,000
Previous Owner $525,000
Previous Owner $364,000
Previous Owner $390,000
Previous Owner $243,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/31/2018 10/31/18 Sold $2,125,000 -3.3% $559 / Sq Ft
08/20/2018 08/20/18 Pending -- -- --
07/13/2018 07/13/18 For Sale $2,198,000 -- $578 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $29,166 $2,370,473 $1,784,828 $585,645
2024 $28,860 $2,323,994 $1,749,832 $574,162
2023 $28,310 $2,278,426 $1,715,522 $562,904
2022 $27,014 $2,233,752 $1,681,885 $551,867
2021 $26,684 $2,189,954 $1,648,907 $541,047
2019 $25,908 $2,125,000 $1,600,000 $525,000
2018 $14,153 $1,115,074 $705,675 $409,399
2016 $13,487 $1,071,776 $678,274 $393,502
2015 $13,297 $1,055,678 $668,086 $387,592
2014 $8,240 $614,363 $472,590 $141,773
Source: Public Records

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Map

Source: The MLS

MLS Number: 18-369318

The MLS
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