NOT LISTED FOR SALE

Estimated Value: $1,128,000 - $1,561,000

4 Beds
4 Baths
1,900 Sq Ft
$659/Sq Ft Est. Value

Last Sold July 07, 2017

Last sale price $717,000 $377 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $7,611/month

10 Days on Market

Highlights

  • Wood Flooring
  • Galley Kitchen
  • 1-Story Property

About This Home

As of July 2017

Two large 2bed 2 bath units in Lake Balboa. Long driveway to separate flag lot leads to ideal oasis setting on roughly 14,000 sq. ft. lot. Units total approximately 1,900 sq. ft., 950 sq. ft. each unit. One long term tenant and one newly vacant unit. Each unit has a 2-car garage and washer/dryer hook ups. Perfect for investor or owner-user.

Last Agent to Sell the Property

Larry Margo

Berkshire Hathaway HomeServices California Properties License #00911053 Listed on: 05/12/2017

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Yaniv Horovitz

License #01722868

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,086

Year Built

  • Built in 1950

Lot Details

  • 0.32 Acre Lot

Parking

  • 4 Parking Spaces

Interior Spaces

  • 1,900 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Laundry in unit

Kitchen

  • Galley Kitchen
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Water Heater
  • Sewer in Street

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 2233-018-039

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,086

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 1900
  • Stories: 1
  • Year Built: 1950
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Galley Kitchen
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Dishwasher, Range/Oven
  • Price Per S Q F T: 367.89

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage - 2 Car
  • Total Parking: 4

Utilities

  • Water Heater: Water Heater Unit
  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Sewer: In Street

Lot Info

  • Assessed Improvement Value: 249369
  • Assessed Land Value: 213242
  • Assessor Parcel Number: 2233-018-039
  • Geocode Override: No
  • Lot Size Area: 13866

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.96
  • Number Of Units: 2
  • Total Annual Expense: 13140
  • Type Of Units: Residential
  • Vacancy Rate: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 13, 2022
Sold by
Narine Galstian Revocable Trust
Bought by
Zang Property Management Llc
Current Estimated Value
$1,252,329

Purchase Details

Closed on
Sep 20, 2017
Sold by
Galstian Narine
Bought by
Galstian Narine and The Narine Galstian Revocable Trust

Purchase Details

Listed on
May 12, 2017
Closed on
May 26, 2017
Sold by
Hagelberg John
Bought by
Galstian Narine
Seller's Agent
Larry Margo
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Yaniv Horovitz
List Price
$699,000
Sold Price
$717,000
Premium/Discount to List
$18,000
2.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.06%
Original Mortgage
$573,600
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2011
Sold by
Hagelberg John and Kraus Marla
Bought by
Hagelberg John and Kraus Marla

Purchase Details

Closed on
Dec 23, 2003
Sold by
Hagelberg John
Bought by
Kraus Marla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2003
Sold by
Brenna Xena
Bought by
Kraus Lewis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2003
Sold by
Langan Tom
Bought by
Hagelberg John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 9, 2001
Sold by
Trus Mike and Weitzel Trus Susan
Bought by
Langan Tom

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,960
Interest Rate
7.21%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Zang Property Management Llc -- --
Galstian Narine -- None Available
Galstian Narine $717,000 California Title Company
Hagelberg John -- None Available
Kraus Marla -- First American Title Co Los
Kraus Lewis -- First American Title Co Los
Hagelberg John $470,000 First American Title Co Of L
Langan Tom $125,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galstian Narine $573,600
Previous Owner Hagelberg John $260,000
Previous Owner Langan Tom $223,000
Previous Owner Langan Tom $75,000
Previous Owner Langan Tom $199,960
Closed Langan Tom $24,995
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2017 07/07/17 Sold $717,000 +2.6% $377 / Sq Ft
05/22/2017 05/22/17 Pending -- -- --
05/12/2017 05/12/17 For Sale $699,000 -- $368 / 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
2025 $10,086 $815,818 $489,264 $326,554
2024 $10,086 $799,822 $479,671 $320,151
2023 $9,896 $784,140 $470,266 $313,874
2022 $9,445 $768,766 $461,046 $307,720
2021 $9,328 $753,693 $452,006 $301,687
2019 $9,055 $731,340 $438,600 $292,740
2018 $8,911 $717,000 $430,000 $287,000
2016 $5,817 $462,611 $213,242 $249,369
2015 $5,735 $455,663 $210,039 $245,624
2014 $5,767 $446,738 $205,925 $240,813
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-230806

The MLS

APN: 2233-018-039