NOT LISTED FOR SALE

Estimated Value: $1,240,000 - $1,443,823

3 Beds
5 Baths
2,240 Sq Ft
$599/Sq Ft Est. Value

Sale Details

Date Sold: May 18, 2021

Last sale price $1,250,000 $558 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $8,425 / mo

1 Day on Market

Highlights

  • No HOA
  • Bike Trail
  • 1-Story Property
  • Laundry Room
  • Dog Park

About This Home

As of May 2021

Attention Developers and Investors. This property is situated for a prime re-development. Do not enter the property or disturb the tenants. Currently a four unit consisting of one, 3 bed 2 bath house and a separate building with 3 single/studio units. There is also a 2 car detached garage and a storage unit attached to the garage. Large flat lot in a redevelopment area of NoHo. Close to bus and rail line and the NoHo arts district. Do your due diligence to see the future potential.

Last Agent to Sell the Property

Frank Nolan

CURB License #01917904 Listed on: 03/03/2021

Last Buyer's Agent

Brian Stace

Pinnacle Estate Properties, Inc. License #01443943

Pinnacle Estate Properties, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 10,101 Sq Ft Lot
  • Two or More Common Walls
  • Density is 21-25 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 2,240 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 118
  • Tax Tract Number 15935
  • Assessor Parcel Number 2414004017

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Recreation

  • Dog Park
  • Bike Trail

Building Details

  • 2 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $250
  • Gardener Expense $1,400
  • Insurance Expense $2,200
  • Maintenance Expense $7,500
  • Trash Expense $450
  • Water Sewer Expense $1,200
  • New Taxes Expense $15,000
  • Operating Expense $13,000
  • Gross Income $90,600
  • Net Operating Income $77,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

10,101 Sq Ft Lot

Parking

2

Listing Details

  • CapRate: 6.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1400.00
  • Parcel Number: 2414004017
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 558.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 450.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 10101.00
  • Lot Size Acres: 0.2319

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average Studio Area: 340 Square Feet
  • Fuel Expense: 250.00
  • Gross Income: 90600.00
  • Gross Multiplier: 14.00
  • Gross Scheduled Income: 90600.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 10101.0000 Square Feet
  • Maintenance Expense: 7500.00
  • Net Operating Income: 77600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 4
  • Number With Carpet: 1
  • Number With Dishwasher: 1
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 2
  • Operating Expense: 13000.00
  • Rent Control: Yes
  • Total Expenses: 13000.00

Tax Info

  • New Taxes Expense: 15000.00
  • Tax Census Tract: 1231.04
  • Tax Lot: 118
  • Tax Tract Number: 15935

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2003
Sold by
Louis R & Joyce Montalbano Living Trust
Bought by
Nolan Frank J
Current Estimated Value
$1,340,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 29, 1999
Sold by
Montalbano Louis R and Montalbano Joyce
Bought by
Montalbano Louis R and Montalbano Joyce

Purchase Details

Closed on
Jun 15, 1995
Sold by
Montalbano Louis R
Bought by
Montalbano Louis R and Montalbano Joyce
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nolan Frank J $335,000 California Title Company
Montalbano Louis R -- --
Montalbano Louis R -- --
Montalbano Louis R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nolan Frank J $268,000
Closed Nolan Frank J $67,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2021 05/18/21 Sold $1,250,000 0.0% $558 / Sq Ft
03/05/2021 03/05/21 Off Market $1,250,000 -- --
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 $16,395 $1,353,038 $920,066 $432,972
2024 $16,395 $1,326,509 $902,026 $424,483
2023 $16,079 $1,300,500 $884,340 $416,160
2022 $15,334 $1,275,000 $867,000 $408,000
2021 $5,966 $475,772 $274,290 $201,482
2020 $6,020 $471,355 $271,478 $199,877
2019 $5,792 $462,122 $266,155 $195,967
2018 $5,696 $453,071 $260,937 $192,134
2016 $5,431 $435,037 $250,805 $184,232
2015 $5,354 $428,503 $247,038 $181,465
2014 $5,396 $420,110 $242,199 $177,911
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21044841

California Regional Multiple Listing Service (CRMLS)

APN: 2414-004-017

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