$1,315,000
SOLD JAN 31, 2025 RENTED APR 22, 2025

624 Silver Lake Blvd Unit 4 Los Angeles, CA 90026

7 Beds
5 Baths
3,192 Sq Ft
4,970 Sq Ft Lot

Recently Sold

$412 Per Sq Ft

20% Above List Price

27 Days on Market

Highlights

  • Hiking Trails
  • Park
  • Laundry Room

About This Home

As of January 2025

This fourplex offers a mix of modern upgrades, with two newly remodeled units on the upper level and two lower-level units still in progress. Three out of four units will be delivered vacant, making it an ideal opportunity for owner-occupants or investors to complete the renovation.
The property includes approximately 60% new plumbing and 75% updated electrical systems, ensuring significant improvements for future owners.
Conveniently located near Highway 101 and Sunset Blvd, this property is just moments from Silver Lake’s trendy restaurants, bars, and nightlife. Drive-by only, please do not disturb tenants.

Last Agent to Sell the Property

Stanley Escobar

RE/MAX Dynasty Brokerage Phone: 213-247-0671 License #01358443 Listed on: 10/19/2024

RE/MAX Dynasty

Last Buyer's Agent

Victoria Ascarrunz

COMPASS License #01989368

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,019

Year Built

  • Built in 1963

Lot Details

  • 4,970 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,192 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 39
  • Tax Tract Number 2
  • Assessor Parcel Number 5401022023
  • $561 per year additional tax assessments

Community Details

Overview

  • 4 Units

Recreation

  • Park
  • Dog Park
  • Hiking Trails
  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $300
  • Water Sewer Expense $300
  • Operating Expense $600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,019

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Price Per Unit: 275000
  • Property Attached: Yes
  • Water Sewer Expenses: 300.00
  • Zoning: LARD2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5401022023
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 411.97

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Trash Expense: 300.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Dog Park, Hiking, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4970.00
  • Lot Size Acres: 0.1141

Multi Family

  • Gross Scheduled Income: 36024.00
  • Lot Size Area: 4970.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Actual Rent: 3002.00
  • Total Expenses: 600.00

Tax Info

  • Tax Census Tract: 1958.03
  • Tax Lot: 39
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 561.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2024
Sold by
Kwong Jimmy Chi and Nodalo Expedito M
Bought by
Fryer Zachary
Current Estimated Value
$1,348,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
6.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2024
Sold by
Kwong Jimmy Chi
Bought by
Kwong Jimmy Chi and Nodalo Expedito M

Purchase Details

Closed on
Apr 18, 2005
Sold by
Kwong Yee Ha
Bought by
Kwong Jimmy Chi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 17, 2003
Sold by
Kwong Yee Ha
Bought by
Kwong Jimmy Chi
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 Type Sale Price Title Company
Grant Deed $1,315,000 Wfg National Title
Gift Deed -- --
Grant Deed -- --
Grant Deed -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $975,000 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $250,000 New Conventional
Previous Owner $150,000 Credit Line Revolving
Previous Owner $75,000 Credit Line Revolving
Previous Owner $55,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2025 04/22/25 Rented $2,995 0.0% --
04/22/2025 04/22/25 Under Contract -- -- --
04/18/2025 04/18/25 Price Changed $2,995 -3.2% $4 / Sq Ft
04/01/2025 04/01/25 Price Changed $3,095 -4.8% $4 / Sq Ft
03/19/2025 03/19/25 For Rent $3,250 0.0% --
01/31/2025 01/31/25 Sold $1,315,000 0.0% $412 / Sq Ft
11/16/2024 11/16/24 Pending -- -- --
11/15/2024 11/15/24 Off Market $1,315,000 -- --
11/14/2024 11/14/24 For Sale $1,100,000 -16.3% $345 / Sq Ft
11/07/2024 11/07/24 Off Market $1,315,000 -- --
11/07/2024 11/07/24 For Sale $1,100,000 -16.3% $345 / Sq Ft
10/31/2024 10/31/24 Off Market $1,315,000 -- --
10/19/2024 10/19/24 For Sale $1,100,000 -- $345 / 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 $2,019 $131,110 $30,860 $100,250
2024 $2,019 $128,540 $30,255 $98,285
2023 $1,989 $126,020 $29,662 $96,358
2022 $1,912 $123,550 $29,081 $94,469
2021 $1,871 $121,128 $28,511 $92,617
2019 $1,823 $117,537 $27,666 $89,871
2018 $1,737 $115,233 $27,124 $88,109
2016 $1,628 $110,761 $26,072 $84,689
2015 $1,608 $109,098 $25,681 $83,417
2014 $1,639 $106,961 $25,178 $81,783
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24209925

California Regional Multiple Listing Service (CRMLS)

APN: 5401-022-023