NOT LISTED FOR SALE

638 Silver Lake Los Angeles, CA 90026

Estimated Value: $1,084,000 - $1,401,000

4 Beds
3 Baths
1,221 Sq Ft
$1,018/Sq Ft Est. Value

Last Sold August 24, 2012

Last sale price $349,900 $287 Per Sq Ft

Est. 255% increase in value since last sale

Current estimated payment $7,729/month

54 Days on Market

About This Home

As of August 2012

Income opportunity property. Two separate houses facing different streets. Almost 7000 sqft of land! Great location, conveniently located close to downtown L.A., transportation, parks, schools, etc. Needs some repairs. 638 Silver Lake Blvd unit is vacant, public record states that this unit has 1bed/1bath, physically it has 3beds/2baths. 639 Vendome St is occupied. Please do not disturb tenant. Buyers to do diligence in their inspection and rely on their findings.

Last Agent to Sell the Property

Paul Cargile

Cargile & Company License #00840733 Listed on: 04/19/2012

Co-Listed By

J. Leslie Sapiandante

Cargile & Company License #00802491

Last Buyer's Agent

Monte Hairston

KW Advisors License #01339567

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,971

Year Built

  • Built in 1948

Lot Details

  • 6,969 Sq Ft Lot

Parking

  • Uncovered Parking

Home Design

  • 1,221 Sq Ft Home

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5401-022-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,971

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1221
  • Year Built: 1948
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Price Per S Q F T: 286.57

Exterior Features

  • Pool: No

Garage/Parking

  • Parking Garage: Uncovered

Lot Info

  • Assessed Improvement Value: 178500
  • Assessed Land Value: 535500
  • Assessor Parcel Number: 5401-022-006
  • Lot Size Area: 6969

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Detached
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2023
Sold by
Yen Dagmarette
Bought by
Contestabile-Yen Family Trust
Total Days on Market
54
Current Estimated Value
$1,243,578

Purchase Details

Closed on
Dec 27, 2012
Sold by
Housing Redevelopment Llc
Bought by
Yen Dagmarette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 19, 2012
Closed on
Aug 14, 2012
Sold by
Bank Of New York
Bought by
Housing Redevelopment Llc
Seller's Agent
Paul Cargile
Cargile & Company
Buyer's Agent
Monte Hairston
KW Advisors
List Price
$389,500
Sold Price
$349,900
Premium/Discount to List
-$39,600
-10.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.96%
Original Mortgage
$410,000
Interest Rate
3.56%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 1, 2007
Sold by
Digman Felicidad V
Bought by
Bank Of New York and Cwmbs Inc Chl Mortgage Pass Through Trus

Purchase Details

Closed on
May 10, 2005
Sold by
Guillermo George D and Guillermo Virginia S
Bought by
Digman Felicidad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Interest Rate
6.65%
Mortgage Type
Fannie Mae Freddie Mac
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 Buyer Sale Price Title Company
Contestabile-Yen Family Trust -- --
Yen Dagmarette $592,500 Usa National Title Company
Housing Redevelopment Llc $350,000 Landsafe Title Simi Valley
Bank Of New York $648,000 Landsafe Title
Digman Felicidad $720,000 Equity Title Company
Digman Felicidad -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yen Dagmarette $500,000
Previous Owner Housing Redevelopment Llc $410,000
Previous Owner Digman Felicidad $637,500
Previous Owner Digman Felicidad $127,500
Previous Owner Digman Felicidad $576,000
Closed Digman Felicidad $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2012 08/24/12 Sold $349,900 -10.2% $287 / Sq Ft
06/12/2012 06/12/12 Pending -- -- --
04/19/2012 04/19/12 For Sale $389,500 -- $319 / Sq Ft
Source: The MLS

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
2024 $8,971 $714,884 $482,910 $231,974
2023 $8,801 $700,868 $473,442 $227,426
2022 $8,397 $687,126 $464,159 $222,967
2021 $8,294 $673,654 $455,058 $218,596
2020 $8,376 $667,267 $450,392 $216,875
2019 $8,050 $654,194 $441,561 $212,633
2018 $7,976 $641,377 $432,903 $208,474
2016 $7,626 $615,974 $416,094 $199,880
2015 $7,516 $606,722 $409,844 $196,878
2014 $7,550 $594,838 $401,816 $193,022
Source: Public Records

Agents Affiliated with this Home

  • Paul Cargile

    Seller's Agent in 2012

    Paul Cargile

    Cargile & Company

    (310) 592-7888

    5 Total Sales

    Paul Cargile
    Section Image

  • J

    Seller Co-Listing Agent in 2012

    J. Leslie Sapiandante

    Cargile & Company

  • Monte Hairston

    Buyer's Agent in 2012

    Monte Hairston

    KW Advisors

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 12-595449

The MLS

APN: 5401-022-006

California Los Angeles County Los Angeles 90026

638 Silver Lake, Los Angeles, CA

This home is located at 638 Silver Lake, Los Angeles, CA 90026 since 19 April 2012 and is currently estimated at $1,243,578, approximately $1,018 per square foot. This property was built in 1948. 638 Silver Lake is a home located in Los Angeles County with nearby schools including Micheltorena Street Elementary School, Virgil Middle School, and Belmont High School.

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