NOT LISTED FOR SALE

Estimated Value: $807,000 - $952,000

3 Beds
3 Baths
1,773 Sq Ft
$492/Sq Ft Est. Value

Last Sold March 31, 2016

Last sale price $485,000 $274 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $5,171/month

Highlights

  • Property is near public transit
  • No HOA
  • Laundry Room
  • North Hollywood Senior High School Rated A
  • Cooling System Mounted To A Wall/Window
  • Bungalow

About This Home

As of March 2016

****OWNER WANTS IT SOLD*****Great Investment Opportunity. Addresses are 6748, 6750 & 6752 TRIPLEX unit has ALL COPPER PLUMBING, Dual Glazed Windows, window air-conditioning, gas wall heaters. Front yard has artificial turf on front and parkway for very low maintenance. All units are currently rented to long term tenants ON A MONTH TO MONTH BASIS. 1 unit is larger than the other 2 with direct access to the back yard area. Owner currently pays all utilities. Detached 3 car garage is located at the rear of property. Zoning is C2 and located in the mid North Hollywood area close to shopping and transportation. Garage may be rented separately for additional income.

Last Agent to Sell the Property

Deborah Johnson

Centennial Realty Group License #01033659 Listed on: 08/10/2015

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,223

Year Built

  • Built in 1953

Lot Details

  • 5,272 Sq Ft Lot
  • Two or More Common Walls
  • Vinyl Fence
  • Chain Link Fence
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Back and Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Shared Driveway
  • Unassigned Parking

Home Design

  • Bungalow
  • Property Attached
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Pre-Cast Concrete Construction
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 1,773 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Cooktop
  • Free-Standing Range
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Accessible Parking
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot FR49
  • Tax Tract Number 6346
  • Assessor Parcel Number 2320016019

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Triplex

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Gardener Expense $720
  • Insurance Expense $1,500
  • Trash Expense $900
  • Water Sewer Expense $2,130
  • New Taxes Expense $2,389
  • Gross Income $29,376
  • Net Operating Income $19,137

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,223

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2130.00
  • Zoning: LAC2
  • Architectural Style: Bungalow
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 2320016019
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Copper Plumbing Full, Laminate Counters, Unfurnished
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 273.55
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Fencing: Chain Link, Vinyl
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Concrete, Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Asphalt, Shared Driveway, Unassigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Cooktop, Gas Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Trash Expense: 900.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Back Yard, 2-5 Units/Acre, Front Yard, Level, Rectangular Lot, Paved, Near Public Transit
  • Lot Size: 5272
  • Lot Size Sq Ft: 5272.00
  • Price Per Lot Square Foot: 92.00
  • Lot Size Acres: 0.1210

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Electric Expense: 1800.00
  • Gross Income: 29376.00
  • Gross Scheduled Income: 29376.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5272.0000 Square Feet
  • Net Operating Income: 19137.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Number With Drapes: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 10239.00
  • Rent Control: Yes
  • Total Actual Rent: 2448.00

Tax Info

  • New Taxes Expense: 2389.00
  • Tax Area: 13
  • Tax Lot: FR49
  • Tax Tract Number: 6346

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2015
Closed on
Feb 29, 2016
Sold by
Needham Property B Llc
Bought by
Collins Jeffrey O and Dancer Jocelyn M
Seller's Agent
Deborah Johnson
Centennial Realty Group
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$640,000
Sold Price
$485,000
Premium/Discount to List
-$155,000
-24.22%
Current Estimated Value
$872,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$387,884
Avg. Annual Appreciation
6.33%
Original Mortgage
$363,750
Outstanding Balance
$287,906
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$584,978

Purchase Details

Closed on
Nov 12, 2008
Sold by
Needham Dan A and Needham Debby L
Bought by
Needham Property B Llc

Purchase Details

Closed on
Mar 16, 1996
Sold by
Needham Danny A and Needham Deborah L
Bought by
Needham Danny A and Needham Deborah L

Purchase Details

Closed on
Sep 13, 1995
Sold by
Needham Danny A and Needham Deborah L
Bought by
Needham Danny A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
7.88%

Purchase Details

Closed on
Nov 17, 1994
Sold by
Needham Danny A and Needham Debby L
Bought by
Needham Danny A
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 Buyer Sale Price Title Company
Collins Jeffrey O $485,000 Provident Title Company
Needham Property B Llc -- None Available
Needham Danny A -- --
Needham Danny A -- Progressive Title Company
Needham Danny A -- Progressive Title Company
Needham Danny A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Jeffrey O $363,750
Previous Owner Needham Danny A $112,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2016 03/31/16 Sold $485,000 -24.2% $274 / Sq Ft
02/18/2016 02/18/16 Pending -- -- --
08/10/2015 08/10/15 For Sale $640,000 -- $361 / 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 $7,223 $574,135 $355,136 $218,999
2024 $7,223 $562,878 $348,173 $214,705
2023 $7,087 $551,843 $341,347 $210,496
2022 $6,766 $541,023 $334,654 $206,369
2021 $6,679 $530,416 $328,093 $202,323
2019 $6,485 $514,685 $318,362 $196,323
2018 $6,371 $504,594 $312,120 $192,474
2016 $2,393 $175,199 $129,501 $45,698
2015 $2,361 $172,568 $127,556 $45,012
2014 $2,389 $169,189 $125,058 $44,131
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15179658

California Regional Multiple Listing Service (CRMLS)

APN: 2320-016-019