NOT LISTED FOR SALE

Estimated Value: $1,609,000 - $1,857,000

4 Beds
3 Baths
2,085 Sq Ft
$830/Sq Ft Est. Value

Last Sold August 25, 2021

Last sale price $1,410,000 $676 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $10,923/month

6 Days on Market

About This Home

As of August 2021

Great Potential and Opportunity for owner occupied or Investment located on a historic street in the heart of Hollywood Media Arts District. This duplex features two residential units, Front House approximately 1408 per seller with 3 Bedrooms and 2 Baths. Updated spacious living room with fireplace, dining area, updated kitchen with granite counter tops, breakfast nook area, hardwood floors, crown moldings, laundry area, central heating/AC in both units. Back Unit is 1 bedroom/1 bath approximately 682 sq ft per seller with living room, dinning area, updated kitchen, bathroom and laundry area. Gated property located convenient access to the 101, the Hollywood/Vine Metro Station and shopping, dining and amenities, close to Kodak Theater, Hollywood Blvd, Highland Walk of Fame, night life, museums, parks and close to all Studios.

Last Agent to Sell the Property

Marina Makaryan

Equity Union License #01326418 Listed on: 06/11/2021

Equity Union

Last Buyer's Agent

Marina Makaryan

Equity Union License #01326418 Listed on: 06/11/2021

Equity Union

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,990

Year Built

  • Built in 1912

Lot Details

  • 5,402 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 2,085 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 26
  • Tax Tract Number 1229
  • Assessor Parcel Number 5545008024

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $72,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,990

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LAR4
  • Property Type: Residential Income
  • Parcel Number: 5545008024
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 676.26

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5402.00
  • Lot Size Acres: 0.1240

Multi Family

  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Lot Size Area: 5402.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 1910.00
  • Tax Lot: 26
  • Tax Tract Number: 1229

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2021
Closed on
Jun 28, 2021
Sold by
Balyan Shagen and Balyan Paytsar
Bought by
Otto Properties Llc
Seller's Agent
Marina Makaryan
Equity Union
Buyer's Agent
Marina Makaryan
Keller Williams Encino-Sherman Oaks
List Price
$1,299,000
Sold Price
$1,410,000
Premium/Discount to List
$111,000
8.55%
Current Estimated Value
$1,729,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$319,591
Avg. Annual Appreciation
4.46%
Original Mortgage
$846,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2019
Sold by
Balyan Nubar and Ambartsumyan Armine
Bought by
Balyan Shagen and Balyan Paytsar

Purchase Details

Closed on
Nov 1, 2011
Sold by
Armine Balyan Nubar and Armine Amvartsumyan
Bought by
Balyan Shagen and Balyan Paytsar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,263
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 2009
Sold by
Balyan Shagen and Balyan Paytsar
Bought by
Balyan Nubar and Ambartsumyan Armine

Purchase Details

Closed on
Aug 16, 2005
Sold by
Balyan Shagen and Balyan Paytsar
Bought by
Balyan Shagen and Balyan Paytsar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
5.61%
Mortgage Type
Fannie Mae Freddie Mac
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
Otto Properties Llc $1,410,000 Fidelity National Title Co
Balyan Shagen -- None Available
Balyan Shagen -- First American Title Co
Balyan Nubar -- Accommodation
Balyan Shagen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Otto Properties Llc $846,000
Previous Owner Balyan Shagen $484,000
Previous Owner Balyan Shagen $278,263
Previous Owner Balvan Shagen $305,000
Previous Owner Balyan Shagen $150,000
Previous Owner Balyan Shagen $50,000
Previous Owner Balyan Shagen $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2021 08/25/21 Sold $1,410,000 +0.8% $676 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
06/17/2021 06/17/21 Price Changed $1,399,000 +7.7% $671 / Sq Ft
06/11/2021 06/11/21 For Sale $1,299,000 -- $623 / 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 $17,990 $1,496,302 $1,273,449 $222,853
2024 $17,990 $1,466,964 $1,248,480 $218,484
2023 $17,644 $1,438,200 $1,224,000 $214,200
2022 $16,827 $1,410,000 $1,200,000 $210,000
2021 $5,489 $435,213 $208,281 $226,932
2020 $5,541 $430,752 $206,146 $224,606
2019 $5,331 $422,306 $202,104 $220,202
2018 $5,205 $414,027 $198,142 $215,885
2016 $4,965 $397,951 $190,449 $207,502
2015 $4,895 $391,975 $187,589 $204,386
2014 $4,923 $384,298 $183,915 $200,383
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21126657

California Regional Multiple Listing Service (CRMLS)

APN: 5545-008-024