NOT LISTED FOR SALE

Estimated Value: $1,795,000 - $1,990,000

4 Beds
2 Baths
2,917 Sq Ft
$647/Sq Ft Est. Value

Last Sold December 03, 2019

Last sale price $1,500,000 $514 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $11,585/month

Highlights

  • Wood Flooring
  • Corner Lot
  • Laundry Room
  • Spanish Architecture
  • 4 Car Direct Access Garage
  • 4-minute walk to Highland Camrose Park

About This Home

As of December 2019

6882-84 Camrose Drive located in the beautiful city of Hollywood. Centrally located the subject property is located just blocks from the Hollywood Bowl off of Highland Blvd and just South of the 101 Freeway. It is also within walking distance Hollywood and Highland Development and Hollywood Walk of Fame.

This quaint Spanish style Duplex is comprised of One (1) Two (2) Bedroom and (1) One Bath Unit and One (1) Two (2) Two Bedroom and (1.5) One and Half Bath Unit. The property has classic 1920 charm with fireplaces, beamed ceilings, patios, arched doorways, lush landscaping and Spanish tile.

One of the Units will be delivered vacant at the close of escrow allowing for owner occupied financing on the property or the owner may elect to re-rent the unit and be able to choose their own tenant. The property have (2) two garaged parking and (2) Two uncovered parking which tandem to the garaged parked space. Each unit has in unit washer and dryer. The property is individually metered for gas and electricity.

This is a great opportunity for first time investors or owner occupied opportunity.

Last Agent to Sell the Property

James Antonucci

Keller Williams Realty-Studio City License #01822661 Listed on: 10/14/2019

Keller Williams Realty-Studio City

Last Buyer's Agent

James Antonucci

Keller Williams Realty-Studio City License #01822661 Listed on: 10/14/2019

Keller Williams Realty-Studio City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,822

Year Built

  • Built in 1923

Lot Details

  • 5,289 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Tandem Uncovered Parking

Home Design

  • Spanish Architecture
  • Property Attached
  • Flat Roof Shape

Interior Spaces

  • 2,917 Sq Ft Home
  • 2-Story Property
  • Den with Fireplace
  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 6
  • Tax Tract Number 5841
  • Assessor Parcel Number 5549025010

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $1,021
  • New Taxes Expense $18,588
  • Operating Expense $27,936
  • Gross Income $89,520
  • Net Operating Income $58,898

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,822

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.80
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Zoning: LAR2
  • Architectural Style: Spanish
  • Property Type: Residential Income
  • Parcel Number: 5549025010
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Wood
  • Appliances: Yes
  • Fireplace Features: Den
  • Levels: Two
  • Price Per Square Foot: 514.23

Exterior Features

  • Pool Private: No
  • Roof: Flat

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Tandem Uncovered
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher
  • Heating Type: Central
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 5289.00
  • Lot Size Acres: 0.1214

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 89520.00
  • Gross Multiplier: 17.30
  • Gross Operating Income: 86834.00
  • Gross Scheduled Income: 89520.00
  • Insurance Expense: 1021.00
  • Lot Size Area: 5289.0000 Square Feet
  • Net Operating Income: 58898.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 27936.00
  • Operating Expense Percent: 31.20
  • Rent Control: Yes
  • Total Expenses: 27936.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18588.00
  • Tax Census Tract: 1897.02
  • Tax Lot: 6
  • Tax Tract Number: 5841

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2019
Closed on
Nov 8, 2019
Sold by
Gevshenian Ani
Bought by
Gevshenian Sarkis
Seller's Agent
James Antonucci
Keller Williams Realty-Studio City
Buyer's Agent
James Antonucci
Keller Williams Realty-Studio City
List Price
$1,550,000
Sold Price
$1,500,000
Premium/Discount to List
-$50,000
-3.23%
Current Estimated Value
$1,888,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$388,354
Avg. Annual Appreciation
3.97%
Original Mortgage
$930,300
Outstanding Balance
$818,424
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$1,069,930

Purchase Details

Listed on
Oct 14, 2019
Closed on
Nov 5, 2019
Sold by
Sindoni Anthony J and Sindoni Julienne
Bought by
Gevshenian Sam
Seller's Agent
James Antonucci
Keller Williams Realty-Studio City
Buyer's Agent
James Antonucci
Keller Williams Realty-Studio City
List Price
$1,550,000
Sold Price
$1,500,000
Premium/Discount to List
-$50,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,300
Outstanding Balance
$818,424
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$1,069,930

Purchase Details

Closed on
Sep 27, 2018
Sold by
Sindoni Anthony J and Sindoni Julienne
Bought by
Sindoni Anthony J and Sindoni Julienne

Purchase Details

Closed on
Nov 27, 2017
Sold by
Sindoni Anthony J
Bought by
Sindoni Anthony J and The Anthony J Sindoni Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2010
Sold by
Sindoni Anthony J
Bought by
Sindoni Anthony J and Anthony J Sindoni Revocable Separate Pro

Purchase Details

Closed on
Mar 12, 2004
Sold by
Wolfryd Richard
Bought by
Sindoni Anthony J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 2000
Sold by
Agutter Jennifer
Bought by
Wolfryd Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
3.95%
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
Gevshenian Sarkis -- Lawyers Title Company
Gevshenian Sam $1,500,000 Lawyers Title Company
Sindoni Anthony J -- None Available
Sindoni Anthony J -- None Available
Sindoni Anthony J -- Nextitle
Sindoni Anthony J -- Nextitle
Sindoni Anthony J -- None Available
Sindoni Anthony J $925,000 Chicago Title Co
Wolfryd Richard $595,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gevshenian Sam $930,300
Previous Owner Sindoni Anthony J $780,000
Previous Owner Sindoni Anthony J $740,000
Previous Owner Wolfryd Richard $476,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2019 12/03/19 Sold $1,500,000 -3.2% $514 / Sq Ft
11/19/2019 11/19/19 Pending -- -- --
10/14/2019 10/14/19 For Sale $1,550,000 -- $531 / 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 $19,822 $1,640,465 $1,148,326 $492,139
2024 $19,822 $1,608,300 $1,125,810 $482,490
2023 $19,443 $1,576,766 $1,103,736 $473,030
2022 $18,570 $1,545,850 $1,082,095 $463,755
2021 $18,338 $1,515,540 $1,060,878 $454,662
2020 $18,458 $1,500,240 $1,050,000 $450,240
2019 $14,301 $1,179,199 $955,916 $223,283
2018 $14,135 $1,156,083 $937,173 $218,910
2017 $13,831 $1,133,181 $918,798 $214,383
2016 $13,474 $1,110,963 $900,783 $210,180
2015 $13,276 $1,094,276 $887,253 $207,023
2014 $13,323 $1,072,841 $869,873 $202,968
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19242812

California Regional Multiple Listing Service (CRMLS)

APN: 5549-025-010