NOT LISTED FOR SALE

Estimated Value: $1,691,000 - $2,507,551

8 Beds
8 Baths
4,174 Sq Ft
$497/Sq Ft Est. Value

Last Sold June 28, 2019

Last sale price $1,750,000 $419 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $13,012/month

Highlights

  • New Construction
  • Contemporary Architecture
  • Neighborhood Views
  • Fireplace in Primary Bedroom
  • Granite Countertops
  • Living Room Balcony

About This Home

As of June 2019

5914 Vineland is a COMPLETELY Brand New 2019 Construction Contemporary Fourplex (4 UNITS) situated in Noho’s Booming Rental Market! This Is The Lowest Priced Brand New Fourplex That Has Come to the NOHO Market, Everything Else On Market or Sold for Over $2 Million! Situated Just North of Trendy NoHo Arts District, This Fourplex Guarantees High Quality Renters. Brand New Construction Means NO Rent Control and Maintenance Free! Investors: Park Your Money & Watch it Grow with a Projected 5.63 CAP RATE! Each Unit Is Bright, Open, Airy, Luxurious w/Gorgeous Wood Floors Throughout, Laundry Room/Area Inside, Stainless Steel Appliances, Recessed Lighting Throughout, Modern Upscale Kitchens and Bathrooms! The 2 Downstairs Unit are 1 Bedroom, 1.5 Baths with Laundry Closet, Walk in Closet in Bedroom and Spacious Patios! They also have 2 Entrances, including Direct Access from Parking Area! The 2 Upstairs Units are 3 Bedrooms, 2 Baths, Huge Great Room, Laundry Room and Private Relaxing Balcony. There are a total of 7 parking spaces with Alley Access and Bicycle Parking Area. There are separate meters for gas, water & electric, which will all be paid by Tenants! Fantastic Location, only minutes from Studio City, the 101, 170 and 134 freeways. Hop, Skip & a Jump Away from sought after NoHo Arts District, which is home to the most popular arts, dining and nightlife scene in all of the Valley. Don’t Miss the Chance To Own This Property Today! This Will NOT Last!

Last Agent to Sell the Property

Poupee Komenkul

Rodeo Realty License #01060862 Listed on: 04/27/2019

Rodeo Realty

Last Buyer's Agent

Poupee Komenkul

Rodeo Realty License #01060862 Listed on: 04/27/2019

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,489

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 5,548 Sq Ft Lot
  • Two or More Common Walls
  • West Facing Home
  • Sprinkler System
  • Front Yard

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Composition Roof
  • Copper Plumbing

Interior Spaces

  • 4,174 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Sliding Doors
  • ENERGY STAR Qualified Doors
  • Neighborhood Views
  • Granite Countertops

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Fireplace in Primary Bedroom
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

  • Security Lights
  • Fire Sprinkler System

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces
  • Parking Available
  • Tandem Uncovered Parking
  • Community Parking Structure

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting

Utilities

  • Cooling System Powered By Gas
  • Forced Air Heating and Cooling System
  • Sewer Paid

Additional Features

  • ENERGY STAR Qualified Equipment
  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities, gas, sewer, telephone, water
  • Tax Lot 10
  • Tax Tract Number 9854
  • Assessor Parcel Number 2415001008

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $600
  • Insurance Expense $1,700
  • Maintenance Expense $2,500
  • Water Sewer Expense $1,000
  • New Taxes Expense $20,250
  • Operating Expense $28,238
  • Gross Income $129,600
  • Net Operating Income $101,362

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,489

Year Built

Built in 2019 | New Construction

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.63
  • Property Attached: Yes
  • Security: Fire Sprinkler System, Security Lights
  • View: Yes
  • Water Sewer Expenses: 1000.00
  • Zoning: LARD1.5
  • Architectural Style: Contemporary
  • New Construction: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 2415001008
  • Year Built: 2019
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Copper Plumbing Full, Granite Counters, Living Room Balcony
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Door Features: ENERGY STAR Qualified Doors, Sliding Doors
  • Fireplace Features: Master Bedroom
  • Levels: Two
  • Price Per Square Foot: 419.26
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows

Exterior Features

  • Direction Faces: West
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Community Structure, On Site, Tandem Uncovered
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 7.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Forced Air
  • Laundry Features: In Closet, Inside, Stackable, Washer Hookup
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Central Air, Gas, Energy Star Qualified Equipment
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Sprinkler System
  • Lot Size Sq Ft: 5548.00
  • Lot Size Acres: 0.1274

Rental Info

  • Tenant Pays: All Utilities, Gas, Sewer, Telephone, Water

Multi Family

  • Average1 Bed Area: 860 Square Feet
  • Average3 Bed Area: 1200 Square Feet
  • Gross Income: 129600.00
  • Gross Multiplier: 13.88
  • Gross Scheduled Income: 129600.00
  • Insurance Expense: 1700.00
  • Lot Size Area: 5548.0000 Square Feet
  • Maintenance Expense: 2500.00
  • Net Operating Income: 101362.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Patio: 4
  • Operating Expense: 28238.00
  • Rent Control: No
  • Total Expenses: 28238.00
  • Vacancy Allowance: 3888
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20250.00
  • Tax Area: 13
  • Tax Census Tract: 1243.00
  • Tax Lot: 10
  • Tax Tract Number: 9854

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2019
Closed on
May 30, 2019
Sold by
5 Star Discount Homes Llc
Bought by
V E L Company Llc
Seller's Agent
Poupee Komenkul
Rodeo Realty
Buyer's Agent
Poupee Komenkul
Rodeo Realty
List Price
$1,799,900
Sold Price
$1,750,000
Premium/Discount to List
-$49,900
-2.77%
Current Estimated Value
$2,074,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,888
Avg. Annual Appreciation
3.07%

Purchase Details

Listed on
Jan 16, 2018
Closed on
Feb 7, 2018
Sold by
Beck Ave Llc
Bought by
5 Star Discount Homes Llc
Seller's Agent
Dario Svidler
Keller Williams Beverly Hills
Buyer's Agent
Poupee Komenkul
List Price
$669,000
Sold Price
$644,000
Premium/Discount to List
-$25,000
-3.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
110.86%
Original Mortgage
$400,000
Interest Rate
3.99%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 30, 2015
Closed on
Oct 23, 2015
Sold by
Rosen Randall
Bought by
Beck Ave Llc
Seller's Agent
Andrew Schmidt
Evergreen
Buyer's Agent
Dario Svidler
Keller Williams Beverly Hills
List Price
$399,000
Sold Price
$394,000
Premium/Discount to List
-$5,000
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.37%
Original Mortgage
$315,200
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 30, 2015
Closed on
Sep 1, 2015
Sold by
Blake Christopher P
Bought by
Rosen Randall and Rosen Romina
Seller's Agent
Andrew Schmidt
Evergreen
Buyer's Agent
Dario Svidler
Keller Williams Beverly Hills
List Price
$399,000
Sold Price
$394,000
Premium/Discount to List
-$5,000
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,200
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Blake Christopher P

Purchase Details

Closed on
Nov 12, 2009
Sold by
Weber Eddie K
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Nov 9, 2007
Sold by
Weber Eddie K
Bought by
Weber Eddie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jan 26, 2007
Sold by
Bush Everett M
Bought by
Weber Eddie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 8, 2007
Sold by
Bush Everett M
Bought by
Bush Everett M and Weber Eddie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.17%
Mortgage Type
Unknown
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
V E L Company Llc $1,750,000 Ticor Title
5 Star Discount Homes Llc $644,000 Fidelity National Title Comp
Beck Ave Llc -- Title365
Rosen Randall $394,000 Title365
Blake Christopher P $180,000 First American Title Ins Co
Federal Home Loan Mortgage Corporation $275,000 Landsafe Title
Weber Eddie K -- Southland Title Corporation
Weber Eddie K -- Accommodation
Bush Everett M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 5 Star Discount Homes Llc $400,000
Previous Owner 5 Star Discount Homes Llc $950,000
Previous Owner Rosen Randall $315,200
Previous Owner Blake Christopher P $150,000
Previous Owner Blake Christopher P $105,000
Previous Owner Blake Christopher P $222,000
Previous Owner Weber Eddie K $300,000
Previous Owner Weber Eddie K $240,000
Previous Owner Weber Eddie K $190,000
Previous Owner Bush Everett M $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2019 06/28/19 Sold $1,750,000 -2.8% $419 / Sq Ft
06/04/2019 06/04/19 Pending -- -- --
04/27/2019 04/27/19 For Sale $1,799,900 +179.5% $431 / Sq Ft
02/23/2018 02/23/18 Sold $644,000 -3.7% $569 / Sq Ft
01/16/2018 01/16/18 For Sale $669,000 +69.8% $591 / Sq Ft
10/23/2015 10/23/15 Sold $394,000 -1.3% $348 / Sq Ft
08/31/2015 08/31/15 Pending -- -- --
03/30/2015 03/30/15 For Sale $399,000 -- $352 / 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 $23,489 $1,952,142 $1,115,505 $836,637
2024 $23,489 $1,913,866 $1,093,633 $820,233
2023 $23,033 $1,876,340 $1,072,190 $804,150
2022 $21,960 $1,839,550 $1,051,167 $788,383
2021 $21,683 $1,803,481 $1,030,556 $772,925
2020 $21,799 $1,784,989 $1,019,989 $765,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19096234

California Regional Multiple Listing Service (CRMLS)

APN: 2415-001-024