NOT LISTED FOR SALE

Estimated Value: $952,000 - $1,321,334

4 Beds
3 Baths
2,314 Sq Ft
$520/Sq Ft Est. Value

Last Sold September 14, 2022

Last sale price $1,200,000 $519 Per Sq Ft

Current estimated payment $7,815/month

27 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • Laundry Room
  • Ulysses S. Grant Senior High School Rated A-
  • No HOA

About This Home

As of September 2022

Amazing opportunity to own a beautiful Triplex in the NOHO/Valley Glen area. Featuring 3 wonderfully upgraded and clean units with floods of natural light setting the mood! "Bright and clean" best describes each one of these cute, ready to rent units. The building has undergone many major updates.
Each unit has beautiful hardwood floors and clean tile flooring throughout. The major building upgrades include a new roof, dual pane windows, electrical, plumbing and each unit has its own tankless water heater. Each unit has been tastefully remodeled with quartz countertops in the kitchen, subway tile backsplash, new tile flooring, and freshly painted inside and out.
Garage parking for each unit as well as guest spaces for visitors. This property is truly a gem and ready to create income now as all units are vacant. This area is the place to be with the NOHO arts district a stone’s throw away. Don't miss this priced to sell opportunity!! SEE SUPPLEMENTS!!

Last Agent to Sell the Property

Richard Cure

Rodeo Realty License #01951643 Listed on: 07/09/2022

Rodeo Realty

Last Buyer's Agent

Abby Sandoval

Coldwell Banker Quality Properties License #02162497

Coldwell Banker Quality Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,026

Year Built

  • Built in 1954

Lot Details

  • 5,952 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 2,314 Sq Ft Home
  • Wood Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 16901
  • Assessor Parcel Number 2332029020
  • $402 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $1,000
  • Operating Expense $15,000
  • Gross Income $75,600
  • Net Operating Income $55,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,026

Year Built

Built in 1954

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Price Per Unit: 409333
  • Property Attached: Yes
  • View: No
  • Zoning: LARD1.5
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 2332029020
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Levels: One
  • Price Per Square Foot: 518.58
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5952.00
  • Lot Size Acres: 0.1366
  • Latitude Manual: 34.18009700

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Average2 Bed Area: 700 Square Feet
  • Average3 Bed Area: 900 Square Feet
  • Electric Expense: 1000.00
  • Gross Income: 75600.00
  • Gross Scheduled Income: 75600.00
  • Lot Size Area: 5952.0000 Square Feet
  • Net Operating Income: 55300.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 3
  • Number With Dishwasher: 1
  • Number With Patio: 3
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Operating Expense: 20300.00
  • Rent Control: Yes
  • Total Expenses: 15000.00

Tax Info

  • Tax Census Tract: 1237.00
  • Tax Lot: 23
  • Tax Tract Number: 16901
  • TaxOtherAnnualAssessmentAmount: 402.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2022
Closed on
Sep 2, 2022
Sold by
Kathryn Jo Nail Trust
Bought by
Quach Trust
Seller's Agent
Richard Cure
Rodeo Realty
Buyer's Agent
Abby Sandoval
Coldwell Banker Quality Properties
List Price
$1,228,000
Sold Price
$1,200,000
Premium/Discount to List
-$28,000
-2.28%
Views
7
Current Estimated Value
$1,204,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,334
Avg. Annual Appreciation
0.12%
Original Mortgage
$840,000
Outstanding Balance
$805,064
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$399,270

Purchase Details

Closed on
May 22, 2017
Sold by
Nail Kathryn Jo
Bought by
Nail Kathryn Jo and Kathryn Jo Nail Trust

Purchase Details

Closed on
Feb 8, 2016
Sold by
Nail Kathryn Jo and Nail Walter Pendleton
Bought by
Nail Kathryn Jo

Purchase Details

Closed on
Nov 11, 2013
Sold by
Pendleton Walter and Nail Kathryn Jo
Bought by
Pendleton Walter and Nail Kathryn Jo

Purchase Details

Closed on
Jan 14, 1994
Sold by
Budre Vincent J
Bought by
Pendleton Walter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
3.25%
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
Quach Trust $1,200,000 --
Nail Kathryn Jo -- None Available
Nail Kathryn Jo -- None Available
Pendleton Walter -- None Available
Pendleton Walter -- None Available
Pendleton Walter $215,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quach Trust $840,000
Previous Owner Pendleton Walter $100,000
Previous Owner Pendleton Walter $153,000
Previous Owner Pendleton Walter $161,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2022 09/14/22 Sold $1,200,000 -2.3% $519 / Sq Ft
07/09/2022 07/09/22 For Sale $1,228,000 -- $531 / 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 $15,026 $1,248,480 $749,088 $499,392
2024 $15,026 $1,224,000 $734,400 $489,600
2023 $14,735 $1,200,000 $720,000 $480,000
2022 $4,351 $344,329 $137,727 $206,602
2021 $4,287 $337,578 $135,027 $202,551
2019 $4,162 $327,568 $131,023 $196,545
2018 $4,026 $321,146 $128,454 $192,692
2016 $3,826 $308,677 $123,467 $185,210
2015 $3,771 $304,041 $121,613 $182,428
2014 $3,801 $298,086 $119,231 $178,855
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22150626

California Regional Multiple Listing Service (CRMLS)

APN: 2332-029-020