NOT LISTED FOR SALE
11 Beds
10 Baths
7,517 Sq Ft
8,299 Sq Ft Lot Lot

Sale Details

Date Sold: August 8, 2012

Last sale price $1,500,000 $200 Per Sq Ft

34 Days on Market

Highlights

  • Laundry Room
  • John Marshall Senior High Rated A
  • Turnkey

About This Home

As of August 2012

Charming 2-bedroom 1-Bathroom corner unit now available in a quaint 12-unit building in the Silver Lake area. It comes with NEW STAINLESS stove, refrigerator, dishwasher, and off-street parking.

Silver Lake, known as one of "the city's hippest neighborhoods," has many bars, nightclubs, and restaurants. The area is now known for its architecturally significant homes, independently owned businesses, and creative environment. The neighborhood is also home to several highly rated public and private schools. The popular central L.A. neighborhood has gone to sophisticated chic over the years and is home to creatives, professionals, and ever-increasing number of families. Silver Lake is diverse, eclectic, and above all, authentic. It offers some of the best of L.A. living, with close proximity to Hollywood and Downtown L.A., and incredible hilltop views, independent boutique shopping, and an increasingly popular dining scene.

Last Agent to Sell the Property

David Chung

RE/Max Time License #01341967 Listed on: 05/29/2012

RE/Max Time

Co-Listed By

Erika Shinzato

RE/Max Time License #01453324

Last Buyer's Agent

David Chung

RE/Max Time License #01341967 Listed on: 05/29/2012

RE/Max Time

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958 | Remodeled

Lot Details

  • 8,299

Home Design

  • 7,517 Sq Ft Home
  • Turnkey
  • Composition Roof

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Parking

  • 17 Parking Spaces
  • 1 Carport Space

Additional Features

  • Laundry Room
  • 8,299 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 1
  • Assessor Parcel Number 5401001001

Community Details

Overview

  • 2 Buildings
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • Rent Control
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 12 Separate Water Meters
  • Electric Expense $3,000
  • Insurance Expense $3,400
  • Professional Management Expense $4,200
  • Trash Expense $1,260
  • Water Sewer Expense $3,000
  • New Taxes Expense $15,686
  • Gross Income $10,421
  • Net Operating Income $87,831

Property Details

Home Type

Multi-Family

Year Built

Built in 1958 | Remodeled

Lot Details

8,299 Sq Ft Lot

Listing Details

  • CapRate: 5.78
  • Professional Management Expense: 4200.00
  • Security: Security Lights
  • Water Sewer Expenses: 3000.00
  • Zoning: LAC 1.5
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Type: Residential Income
  • Parcel Number: 5401001001
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 199.55

Exterior Features

  • Roof: Composition

Garage/Parking

  • Carport Spaces: 1.00
  • Total Parking Spaces: 17.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 1260.00

Lot Info

  • Lot Size Sq Ft: 8299.00
  • Lot Size Acres: 0.1910

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Average1 Bed Area: 615
  • Average2 Bed Area: 799
  • Average Studio Area: 461
  • Electric Expense: 3000.00
  • Gross Income: 10421.00
  • Gross Scheduled Income: 125050.00
  • Insurance Expense: 3400.00
  • Lot Size Area: 8299.0000 Square Feet
  • Net Operating Income: 87831.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 12
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 30966.00
  • Rent Control: Yes
  • Total Actual Rent: 10181.00

Tax Info

  • New Taxes Expense: 15686.00
  • Tax Lot: 1
  • Tax Tract Number: 000
  • Tax Year: 2011
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2024 12/04/24 Off Market $2,400 -- --
10/18/2024 10/18/24 Price Changed $2,400 -7.5% --
09/04/2024 09/04/24 Price Changed $2,595 -0.2% --
09/03/2024 09/03/24 Price Changed $2,600 +8.3% --
08/29/2024 08/29/24 For Rent $2,400 0.0% --
08/08/2012 08/08/12 Sold $1,500,000 -1.3% $200 / Sq Ft
07/02/2012 07/02/12 Pending -- -- --
05/29/2012 05/29/12 For Sale $1,520,000 -- $202 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $23,138 $1,838,784 $1,041,979 $796,805
2024 $23,138 $1,802,731 $1,021,549 $781,182
2023 $22,709 $1,767,384 $1,001,519 $765,865
2022 $21,693 $1,732,731 $981,882 $750,849
2021 $21,405 $1,698,757 $962,630 $736,127
2019 $20,790 $1,649,973 $934,079 $715,894
2018 $20,664 $1,617,653 $915,764 $701,889
2016 $19,687 $1,553,301 $880,204 $673,097
2015 $19,411 $1,529,970 $866,983 $662,987
2014 $19,542 $1,500,000 $850,000 $650,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: A12067400

California Regional Multiple Listing Service (CRMLS)
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