$1,950,000
SOLD OCT 31, 2024
4 Beds
3 Baths
2,868 Sq Ft
6,052 Sq Ft Lot

Recently Sold

$680 Per Sq Ft

2% Below List Price

44 Days on Market

Highlights

  • No Units Above
  • Laundry Room
  • 1-Story Property
  • Hancock Park Elementary Rated 9+
  • Back Yard

About This Home

As of October 2024

Discover a unique investment opportunity in the heart of Beverly Grove with this beautifully maintained triplex, offering a blend of modern comforts and classic charm. This versatile property features three distinct units, each with its own address, ensuring both privacy and convenience for residents.

The main building hosts a side-by-side duplex, with each unit spanning 1,254 square feet. Each duplex unit is thoughtfully designed with 2 spacious bedrooms and 1 bathroom, providing a comfortable and functional living environment. In addition to the duplex, the property includes a fully remodeled, detached studio. This studio is beautifully updated with contemporary finishes and offers a stylish, move-in ready space ideal for guests, a home office, or additional rental income. All three of these units share a lush, grassy yard, perfect for outdoor relaxation and gatherings.

Located in Beverly Grove, this triplex is just moments from some of Los Angeles' most notable landmarks and shopping centers, including The Grove, Beverly Center, Rodeo Drive and Los Angeles County Museum of Art (LACMA).

Last Agent to Sell the Property

Hovik Pakhanyan

The Agency Brokerage Phone: 626-660-5423 License #02047126 Listed on: 09/03/2024

The Agency

Co-Listed By

Nicole Tekiela

Equity Union Brokerage Phone: 626-660-5423 License #02091565

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,160

Year Built

  • Built in 1928

Lot Details

  • 6,052 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Back Yard

Home Design

  • Triplex

Interior Spaces

  • 2,868 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • Parking Available
  • Driveway

Listing and Financial Details

  • Legal Lot and Block 6 / 28
  • Tax Tract Number 7555
  • Assessor Parcel Number 5510002006
  • $392 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $1,500
  • Insurance Expense $2,242
  • Water Sewer Expense $1,900
  • Operating Expense $5,642
  • Gross Income $3,250
  • Net Operating Income $10,530

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,160

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Assessments: No
  • Other Phone Description: 310-861-7377
  • Price Per Unit: 666666
  • Property Attached: Yes
  • Water Sewer Expenses: 1900.00
  • Zoning: LAR1
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 5510002006
  • Year Built: 1928
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Front or back
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 679.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • 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: Back Yard
  • Lot Size Sq Ft: 6052.00
  • Lot Size Acres: 0.1389

Multi Family

  • Average2 Bed Area: 1250 Square Feet
  • Average Studio Area: 360 Square Feet
  • Gross Income: 3250.00
  • Gross Scheduled Income: 11000.00
  • Insurance Expense: 2242.00
  • Lot Size Area: 6052.0000 Square Feet
  • Net Operating Income: 10530.00
  • 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: 470.00
  • Rent Control: Yes
  • Total Expenses: 5642.00

Tax Info

  • Tax Block: 28
  • Tax Census Tract: 2147.00
  • Tax Lot: 6
  • Tax Tract Number: 7555
  • TaxOtherAnnualAssessmentAmount: 392.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2024
Closed on
Oct 18, 2024
Sold by
Czar Vigil Revocable Trust and Vigil Czar
Bought by
Michelle Lynn Walter Family Trust and Walter
Seller's Agent
Hovik Pakhanyan
The Agency
List Price
$1,999,999
Sold Price
$1,950,000
Premium/Discount to List
-$49,999
-2.5%
Views
9
Current Estimated Value
$1,961,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,218
Avg. Annual Appreciation
1.35%

Purchase Details

Closed on
Apr 10, 2018
Sold by
Vigil Czar
Bought by
Vigil Czar and Czar Vigil Revocable Trust

Purchase Details

Closed on
Oct 16, 2012
Sold by
Biegenzahn Brandon
Bought by
Vigil Czar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.43%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 30, 2007
Sold by
Grant Andrew
Bought by
Biegenzahn Brandon and Vigil Czar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Interest Rate
6.74%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 28, 2005
Sold by
Katzman Bernard
Bought by
Grant Andrew and Riley Grant Meagan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 11, 2005
Sold by
Katzman Bernard
Bought by
Katzman Bernard and Katzman Howard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 1996
Sold by
Katzman Dora
Bought by
Katzman Dora and Katzman Bernard
Source: Public Records

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Range of Values:

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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 $1,950,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Grant Deed -- Ticor Title Company Of Ca
Grant Deed $1,315,000 Equity Title Company
Grant Deed -- Stewart Title Of Ca Inc
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $769,942 New Conventional
Previous Owner $350,000 Credit Line Revolving
Previous Owner $60,000 Credit Line Revolving
Previous Owner $960,000 New Conventional
Previous Owner $213,000 Credit Line Revolving
Previous Owner $1,000,000 Purchase Money Mortgage
Previous Owner $680,000 Purchase Money Mortgage
Closed $170,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $1,950,000 -2.5% $680 / Sq Ft
09/03/2024 09/03/24 For Sale $1,999,999 -- $697 / 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 $17,160 $1,950,000 $1,560,000 $390,000
2024 $17,160 $1,405,059 $1,002,036 $403,023
2023 $16,830 $1,377,510 $982,389 $395,121
2022 $16,048 $1,350,501 $963,127 $387,374
2021 $15,845 $1,324,022 $944,243 $379,779
2019 $15,369 $1,284,752 $916,237 $368,515
2018 $15,270 $1,259,562 $898,272 $361,290
2016 $14,597 $1,210,653 $863,392 $347,261
2015 $14,382 $1,192,469 $850,424 $342,045
2014 $14,431 $1,169,111 $833,766 $335,345
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24178791

California Regional Multiple Listing Service (CRMLS)

APN: 5510-002-006