G
Seller's Agent in 2024
Greg Mkrtchyan
Markarian Realty
5910 Monte Vista St Los Angeles, CA 90042
Estimated Value: $1,073,000 - $1,144,000
4
Beds
4
Baths
2,621
Sq Ft
$425/Sq Ft
Est. Value
Highlights
- No HOA
- 3-minute walk to Highland Park Station
- Outdoor Storage
- Laundry Room
- 3 Detached Carport Spaces
- 5-minute walk to Highland Park
About This Home
As of November 2024This prime Highland Park 4-unit Quadruplex offers a fantastic value-add opportunity. ATTENTION DEVELOPERS POSSIBLE TO BUILD MORE UNITS OR ADD ADU and Jr-ADU. Please check with the City of Los Angeles Building and Planning Department for more information. The property sits on a spacious lot (LARD1.5 zoning) and features two structures. The main structure is comprised of beautiful four units - 1 bed and 1 bath each. The main structure also has a very large basement. The second structure is the carport and a garage with ample parking and storage space. The property is located just north of Figueroa on a nice street near the 110 Freeway. It is close to hotspots on Figueroa as well as nearby parks, the Metro Gold line close to DTLA, South Pasadena, all the restaurants, bars, coffee shops, nightlife, and urban lifestyle that Highland Park offers and so much more. Making this 4-unit extremely popular property.
Last Agent to Sell the Property
Greg Mkrtchyan
Markarian Realty Brokerage Phone: 818-248-8668 License #01452036 Listed on: 05/06/2024
Last Buyer's Agent
Greg Mkrtchyan
Markarian Realty Brokerage Phone: 818-248-8668 License #01452036 Listed on: 05/06/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,751
Year Built
- Built in 1905
Lot Details
- 7,314 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
Parking
- 1 Open Parking Space
- 1 Car Garage
- 3 Detached Carport Spaces
- Parking Available
- Assigned Parking
Home Design
- Quadruplex
- Additions or Alterations
- Raised Foundation
Interior Spaces
- 2,621 Sq Ft Home
- 2-Story Property
- Laundry Room
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Outdoor Storage
Utilities
- Wall Furnace
- Septic Type Unknown
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 9 / E
- Tax Tract Number 1
- Assessor Parcel Number 5484036028
- $703 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,200
- Fuel Expense $1,200
- Gardener Expense $720
- Insurance Expense $1,600
- Maintenance Expense $1,300
- Other Expense $2,702
- Pest Control $500
- Trash Expense $700
- Water Sewer Expense $3,600
- New Taxes Expense $16,863
- Operating Expense $12,872
- Gross Income $46,656
- Net Operating Income $33,784
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 6, 2024
Closed on
Oct 16, 2024
Sold by
Esther M Alfaro Living Trust and Alfaro Maria E
Bought by
Mkrtchyan Christina
Seller's Agent
Greg Mkrtchyan
Markarian Realty
Buyer's Agent
Greg Mkrtchyan
Coldwell Banker Hallmark
List Price
$1,349,000
Sold Price
$1,125,000
Premium/Discount to List
-$224,000
-16.6%
Views
31
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,167
Avg. Annual Appreciation
-0.51%
Original Mortgage
$1,068,750
Outstanding Balance
$1,059,199
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$61,238
Purchase Details
Closed on
Jul 7, 1997
Sold by
Alfaro Esther M
Bought by
Alfaro Esther M and Esther M Alfaro Living Trust
Purchase Details
Closed on
Oct 3, 1995
Sold by
Soto Fernando C and Soto Carlotta A
Bought by
Alfaro Esther M
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mkrtchyan Christina | $1,125,000 | Fidelity National Title | |
| Alfaro Esther M | -- | -- | |
| Alfaro Esther M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mkrtchyan Christina | $1,068,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/19/2024 11/19/24 | Sold | $1,125,000 | -13.4% | $429 / Sq Ft |
| 09/26/2024 09/26/24 | Pending | -- | -- | -- |
| 08/05/2024 08/05/24 | Price Changed | $1,299,000 | -3.7% | $496 / Sq Ft |
| 05/06/2024 05/06/24 | For Sale | $1,349,000 | -- | $515 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $2,751 | $1,125,000 | $725,000 | $400,000 |
| 2024 | $2,751 | $170,013 | $116,322 | $53,691 |
| 2023 | $2,702 | $166,681 | $114,042 | $52,639 |
| 2022 | $2,583 | $163,413 | $111,806 | $51,607 |
| 2021 | $2,532 | $160,210 | $109,614 | $50,596 |
| 2019 | $2,461 | $155,461 | $106,364 | $49,097 |
| 2018 | $2,368 | $152,414 | $104,279 | $48,135 |
| 2016 | $2,239 | $146,498 | $100,231 | $46,267 |
| 2015 | $2,211 | $144,299 | $98,726 | $45,573 |
| 2014 | $2,244 | $141,474 | $96,793 | $44,681 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD24090038
APN: 5484-036-028
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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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