Seller's Agent in 2019
Elizabeth Maddox
Myunits.com Inc.
(818) 850-8485
26 in this area
109 Total Sales
6734 Irvine Ave Los Angeles, CA 91606
North Hollywood NeighborhoodEstimated Value: $858,000 - $2,963,690
14
Beds
10
Baths
5,700
Sq Ft
$394/Sq Ft
Est. Value
Highlights
- New Construction
- Cape Cod Architecture
- No HOA
- Victory Boulevard Elementary School Rated 9+
- Property is near public transit
- Laundry Room
About This Home
As of April 20196732 Irvine is a stunning new construction fourplex that was fully leased up (subject to C of O) in record speed at $3,500 for the 4 bedroom units, $3,100 for the upstairs 3 bedroom, and $2,900 for the downstairs 3 bedroom. Due to gas/C of O not being in as quickly as hoped, the 4 bedroom tenants bowed out, but with completion happening in a few days, we are now in the process of re-renting the 4 bedrooms for $3,600 ($100 more because they went so fast the first time). That means a cap rate of 5.85%, which is the highest of any current new construction deals!
Aside from being an extremely easy rental, this building boasts:
- A chic black and white Cape Cod style exterior
- A sleek interior with upscale finishes, stainless steel appliances and high ceilings
- No rent control
- A location that is gentrifying rapidly near the future home of NoHo West
6732 Irvine is made up of two 4 bedroom, 3 bathroom units that are townhome style and two 3 bedroom, 2 bathroom units that are single story (one above the other). The property boasts eight parking spaces.
Last Agent to Sell the Property
Myunits.com Inc. License #01921425 Listed on: 01/09/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $25,351
Year Built
- Built in 2019 | New Construction
Lot Details
- 7,799 Sq Ft Lot
- 1 Common Wall
- Fenced
- Fence is in excellent condition
- Landscaped
- Level Lot
Home Design
- Cape Cod Architecture
- Quadruplex
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 5,700 Sq Ft Home
- 2-Story Property
- Laminate Flooring
Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
- Freezer
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 14 Bedrooms
- 10 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Location
- Property is near public transit
Listing and Financial Details
- Tax Lot 97
- Tax Tract Number 6025
- Assessor Parcel Number 2320014009
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 2 Leased Units
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 5 Separate Water Meters
- Electric Expense $300
- Gardener Expense $600
- Insurance Expense $1,881
- Maintenance Expense $1,000
- Water Sewer Expense $300
- New Taxes Expense $2,535
- Operating Expense $29,432
- Gross Income $13,200
- Net Operating Income $124,216
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 18, 2019
Sold by
Tellis Roland and Tellis Almas
Bought by
Kaas Properties Llc
Current Estimated Value
Purchase Details
Listed on
Jan 9, 2019
Closed on
Apr 2, 2019
Sold by
6732 Irvine Llc
Bought by
Tellis Roland and Tellis Almas
Seller's Agent
Elizabeth Maddox
Myunits.com Inc.
Buyer's Agent
Morgan McMullin
Keller Williams Beverly Hills
List Price
$2,150,000
Sold Price
$2,100,000
Premium/Discount to List
-$50,000
-2.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.01%
Original Mortgage
$1,365,000
Interest Rate
4.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 14, 2017
Sold by
Chivitchian O Sarkis
Bought by
6732 Irvine Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,000
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 3, 2017
Sold by
Chivitchian Inga
Bought by
Chivitchian Sarkis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 26, 2017
Sold by
Herrera Segundo and Herrera Stella
Bought by
Chivitchian Sarkis
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
3.88%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 22, 2011
Sold by
Herrera Segundo and Herrera Stella
Bought by
Herrera Segundo and Herrera Stella
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,099
Interest Rate
3.47%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kaas Properties Llc | -- | None Available | |
| Tellis Roland | $2,100,000 | Ticor Title Company Of Ca | |
| 6732 Irvine Llc | $675,000 | Stewart Title Company | |
| Chivitchian Sarkis | -- | Lawyers Title | |
| Chivitchian Sarkis | $520,000 | Lawyers Title | |
| Herrera Segundo | -- | Servicelink |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Tellis Roland | $1,365,000 | |
| Previous Owner | 6732 Irvine Llc | $337,000 | |
| Previous Owner | Chivitchian Sarkis | $475,000 | |
| Previous Owner | Herrera Segundo | $118,099 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/09/2019 04/09/19 | Sold | $2,100,000 | -1.2% | $368 / Sq Ft |
| 02/23/2019 02/23/19 | Pending | -- | -- | -- |
| 02/11/2019 02/11/19 | Price Changed | $2,125,000 | -1.2% | $373 / Sq Ft |
| 01/09/2019 01/09/19 | For Sale | $2,150,000 | -- | $377 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $28,256 | $2,342,586 | $1,673,277 | $669,309 |
| 2024 | $28,256 | $2,296,654 | $1,640,468 | $656,186 |
| 2023 | $27,709 | $2,251,622 | $1,608,302 | $643,320 |
| 2022 | $26,421 | $2,207,473 | $1,576,767 | $630,706 |
| 2021 | $26,083 | $2,164,190 | $1,545,850 | $618,340 |
| 2020 | $26,349 | $2,142,000 | $1,530,000 | $612,000 |
| 2019 | $16,980 | $1,391,300 | $688,500 | $702,800 |
| 2018 | $8,260 | $675,000 | $491,200 | $183,800 |
| 2017 | $2,497 | $200,988 | $112,960 | $88,028 |
| 2016 | $2,425 | $197,048 | $110,746 | $86,302 |
| 2015 | $2,390 | $194,089 | $109,083 | $85,006 |
| 2014 | $2,406 | $190,288 | $106,947 | $83,341 |
Source: Public Records
Agents Affiliated with this Home
-
Elizabeth Maddox
-
Ian Maddox
I
Seller Co-Listing Agent in 2019
Ian Maddox
Myunits.com Inc.
(818) 859-7242
19 in this area
68 Total Sales
-
Morgan McMullin
Buyer's Agent in 2019
Morgan McMullin
Keller Williams Beverly Hills
(310) 968-2454
11 Total Sales
-
Zachary Krasman
Buyer Co-Listing Agent in 2019
Zachary Krasman
Compass
(626) 205-4040
2 in this area
104 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB19006391
APN: 2320-014-009
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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