NOT LISTED FOR SALE

Estimated Value: $1,689,000 - $1,900,000

4 Beds
3 Baths
2,145 Sq Ft
$841/Sq Ft Est. Value

Last Sold October 12, 2017

Last sale price $1,295,000 $604 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $11,298/month

8 Days on Market

Highlights

  • Private Yard
  • French Mullion Window
  • Laundry Room
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Landscaped

About This Home

As of October 2017

Adorable, serene cottage style living. This unique, romantic Hollywood triplex is the perfect investment or owner occupied units.
The front side by side connected units are lavishly upgraded and decorated consisting of 1 bedroom and 1 bath each. It boasts original wood floors, newer windows and a cozy outdoor area to relax. The back unit consists of 2 bedrooms and 1 bathroom. The 2 bedroom is ideal for an owner to live while renting out the two other units. Both bedrooms open up to a large wood deck.
The property is close to night life, shopping, freeways, public transportation and every style restaurant imaginable. The units do not disappoint, they will satisfy the pickiest buyers. It is currently being ran as an Air BnB with enormous cash flow. Property will be delivered vacant and can be delivered furnished.

Last Agent to Sell the Property

Joshua Glaz

The Ave License #01856858 Listed on: 08/22/2017

Last Buyer's Agent

Sean Inesta

Sean Inesta, Broker License #01853141

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,662

Year Built

  • Built in 1921

Lot Details

  • 5,401 Sq Ft Lot
  • 1 Common Wall
  • Landscaped
  • Private Yard
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 6 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Triplex
  • Turnkey

Interior Spaces

  • 2,145 Sq Ft Home
  • 1-Story Property
  • French Mullion Window
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 1229
  • Assessor Parcel Number 5545008027

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $150
  • Insurance Expense $200
  • Trash Expense $100
  • Water Sewer Expense $250
  • New Taxes Expense $1,348
  • Operating Expense $2,048
  • Gross Income $9,500
  • Net Operating Income $9,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,662

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 250.00
  • Zoning: LAR4
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5545008027
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 603.73
  • Window Features: French/Mullioned

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 6.00

Utilities

  • Utilities: Cable Available, Phone Available, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Landscaped, Yard
  • Lot Size Sq Ft: 5401.00

Multi Family

  • Electric Expense: 150.00
  • Gross Income: 9500.00
  • Gross Scheduled Income: 12000.00
  • Insurance Expense: 200.00
  • Net Operating Income: 9500.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 2500.00
  • Rent Control: Yes
  • Total Actual Rent: 12000.00
  • Total Expenses: 2048.00

Tax Info

  • New Taxes Expense: 1348.00
  • Tax Census Tract: 1910.00
  • Tax Lot: 29
  • Tax Tract Number: 1229

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2017
Closed on
Sep 12, 2017
Sold by
Soriano Richard and Soriano Francis
Bought by
Fahimdezhban Farzam and Fahimdezhban Mehrdad
Seller's Agent
Joshua Glaz
The Ave
Buyer's Agent
Sean Inesta
Sean Inesta, Broker
List Price
$1,295,000
Sold Price
$1,295,000
Current Estimated Value
$1,803,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$508,380
Avg. Annual Appreciation
4.24%
Original Mortgage
$971,250
Outstanding Balance
$813,215
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$983,711

Purchase Details

Listed on
Nov 6, 2014
Closed on
Jan 16, 2015
Sold by
Soriano Holly Denise
Bought by
Soriano Richard
Seller's Agent
Henry Plascencia
Compass
Buyer's Agent
Joshua Glaz
List Price
$1,049,000
Sold Price
$1,049,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.08%
Original Mortgage
$681,850
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 6, 2014
Closed on
Dec 29, 2014
Sold by
Villa Delle Stelle Llc
Bought by
Soriano Richard and Soriano Francis
Seller's Agent
Henry Plascencia
Compass
Buyer's Agent
Joshua Glaz
List Price
$1,049,000
Sold Price
$1,049,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$681,850
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2011
Sold by
Revoc Lalani Nazmudin Madatali and Revoc Nazmudin Madatali Lalani
Bought by
Foster Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
4.62%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 15, 2010
Sold by
Lalani Nazmudin Madatali
Bought by
Revoc Lalani Nazmudin Madatali and Revoc Nazmudin Madatali Lalani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
4.62%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 19, 2010
Sold by
Donovan Maripat
Bought by
Lalani Nazmudin Madatali and The Nazmudin Madatali Revocabl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
4.62%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 2, 2009
Sold by
Donovan Maripat
Bought by
Us Bank National Association

Purchase Details

Closed on
Jun 28, 2002
Sold by
Zaghi Keramat and Zaghi Nahid
Bought by
Donovan Maripat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
6.7%
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
Fahimdezhban Farzam $1,295,000 Stewart Title Company
Soriano Richard -- California Title Company
Soriano Richard $1,049,000 California Title
Villa Delle Stelle Llc -- California Title
Foster Susan L $520,000 Lawyers Title Company
Revoc Lalani Nazmudin Madatali -- Lawyers Title
Lalani Nazmudin Madatali -- Lawyers Title
Us Bank National Association $707,646 None Available
Donovan Maripat $487,500 Provident Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fahimdezhban Farzam $971,250
Previous Owner Soriano Richard $681,850
Previous Owner Foster Susan L $390,000
Previous Owner Fahimdezhban Farzam $911,000
Previous Owner Donovan Maripat $340,000
Previous Owner Donovan Maripat $717,600
Previous Owner Donovan Maripat $359,650
Previous Owner Donovan Maripat $348,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2017 10/12/17 Sold $1,295,000 0.0% $604 / Sq Ft
08/22/2017 08/22/17 For Sale $1,295,000 +23.5% $604 / Sq Ft
01/28/2015 01/28/15 Sold $1,049,000 0.0% $489 / Sq Ft
12/18/2014 12/18/14 Pending -- -- --
11/06/2014 11/06/14 For Sale $1,049,000 -- $489 / 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 $17,662 $1,473,483 $1,137,827 $335,656
2024 $17,662 $1,444,592 $1,115,517 $329,075
2023 $17,322 $1,416,268 $1,093,645 $322,623
2022 $16,517 $1,388,499 $1,072,201 $316,298
2021 $16,312 $1,361,275 $1,051,178 $310,097
2020 $16,481 $1,347,318 $1,040,400 $306,918
2019 $15,823 $1,320,900 $1,020,000 $300,900
2018 $15,745 $1,295,000 $1,000,000 $295,000
2016 $12,918 $1,064,996 $851,794 $213,202
2015 $6,832 $554,321 $341,121 $213,200
2014 -- $543,463 $334,439 $209,024
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17194910

California Regional Multiple Listing Service (CRMLS)

APN: 5545-008-027