NOT LISTED FOR SALE

Estimated Value: $907,000 - $982,000

5 Beds
3 Baths
2,052 Sq Ft
$456/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $800,000 $390 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,912/month

126 Days on Market

Highlights

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

About This Home

As of October 2022

Charming Triplex located in the heart of North Hollywood. Very low maintenance Triplex with excellent long term tenant which have each been at the property for over 15 years. Tenants are paying well below market rent. Potential to increase rent by 45% from current rent. Super Hot Area for new development opportunity in one of L.A.'s Hottest Neighborhood. Close proximity to shopping, restaurants, schools, parks, public transportation, and freeway. THIS PROPERTY WILL NOT LAST.

Last Agent to Sell the Property

Tom Theung

Thomas B Theung, Broker License #01925585 Listed on: 04/15/2022

Last Buyer's Agent

Amir Lashgari

Nest Seekers License #01976006

Nest Seekers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,211

Year Built

  • Built in 1939

Lot Details

  • 7,797 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Back and Front Yard

Home Design

  • Triplex
  • Bungalow
  • Raised Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Asphalt Roof
  • Wood Siding
  • Pre-Cast Concrete Construction
  • Asphalt
  • Stucco

Interior Spaces

  • 2,052 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Gas Range

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Open Parking Spaces
  • 6 Parking Spaces
  • 3 Carport Spaces
  • Parking Available
  • Driveway
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Cooling System Mounted To A Wall/Window
  • Space Heater
  • Wall Furnace
  • Natural Gas Connected

Additional Features

  • Doors swing in
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 260
  • Tax Tract Number 6024
  • Assessor Parcel Number 2321012019
  • $400 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $890
  • Trash Expense $634
  • Water Sewer Expense $3,669
  • Operating Expense $12,940
  • Gross Income $36,312
  • Net Operating Income $23,372

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,211

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 278333
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 3669.00
  • Zoning: LARD1.5
  • Architectural Style: Bungalow
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 2321012019
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Ground
  • Common Walls: No Common Walls
  • Flooring: Laminate, Vinyl
  • Accessibility Features: Doors - Swing In
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 389.86
  • Room Type: All Bedrooms Down, Living Room

Exterior Features

  • Foundation: Raised, Slab
  • Exterior Features: Barbecue Private
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Asphalt, Composition, Shingle
  • Spa: No
  • Construction Materials: Asphalt, Concrete, Drywall Walls, Stucco, Unknown, Wood Siding

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Asphalt, Unassigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Space Heater, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 634.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Near Public Transit
  • Lot Size Sq Ft: 7797.00
  • Lot Size Acres: 0.1790

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 36312.00
  • Gross Scheduled Income: 36312.00
  • Insurance Expense: 890.00
  • Lot Size Area: 7797.0000 Square Feet
  • Net Operating Income: 23372.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Operating Expense: 12940.00
  • Rent Control: Yes
  • Total Actual Rent: 3026.00
  • Total Expenses: 12940.00

Tax Info

  • Tax Census Tract: 1232.04
  • Tax Lot: 260
  • Tax Tract Number: 6024
  • TaxOtherAnnualAssessmentAmount: 400.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2022
Closed on
Oct 14, 2022
Sold by
Bozorgnia Behrouz
Bought by
Ben Hollywood Llc
Seller's Agent
Tom Theung
Thomas B Theung, Broker
Buyer's Agent
Amir Lashgari
Nest Seekers
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%
Views
10
Current Estimated Value
$935,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,920
Avg. Annual Appreciation
5.56%

Purchase Details

Listed on
Mar 18, 2015
Closed on
Apr 24, 2015
Sold by
Martinez Silvia and Silvia Martinez Trust
Bought by
Lin Julie
Seller's Agent
Oscar Rodas
Nidus Real Estate & Property M
Buyer's Agent
Tom Theung
Thomas B Theung, Broker
List Price
$535,000
Sold Price
$525,000
Premium/Discount to List
-$10,000
-1.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.84%

Purchase Details

Closed on
Dec 30, 2008
Sold by
Martinez & Mota Holdings Llc
Bought by
Martinez Silvia

Purchase Details

Closed on
Jun 23, 2008
Sold by
Martinez Silvia
Bought by
Martinez Silvia and Silvia Martinez Trust

Purchase Details

Closed on
Sep 26, 2007
Sold by
Martinez Silvia
Bought by
Martinez & Mota Holdings

Purchase Details

Closed on
Oct 18, 2000
Sold by
Gukasyan Araik
Bought by
Martinez Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.54%

Purchase Details

Closed on
Jul 20, 1999
Sold by
Family Trust Vanian Grigor And Azniv Trs Vani
Bought by
Gukasyan Araik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,600
Interest Rate
7.64%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 15, 1999
Sold by
Gukasyan Hasmik
Bought by
Gukasyan Araik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,600
Interest Rate
7.64%
Mortgage Type
Stand Alone Second
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
Ben Hollywood Llc -- --
Lin Julie $522,500 Stewart Title
Martinez Silvia -- None Available
Martinez Silvia -- None Available
Martinez Silvia -- None Available
Martinez & Mota Holdings -- None Available
Martinez Silvia $181,000 South Coast Title
Gukasyan Araik $188,000 Gateway Title Company
Gukasyan Araik -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martinez Silvia $390,000
Previous Owner Martinez Silvia $100,000
Previous Owner Martinez Silvia $135,000
Previous Owner Gukasyan Araik $37,600
Previous Owner Gukasyan Araik $150,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $800,000 -4.2% $390 / Sq Ft
07/20/2022 07/20/22 Price Changed $835,000 -1.8% $407 / Sq Ft
04/15/2022 04/15/22 For Sale $850,000 +61.9% $414 / Sq Ft
05/15/2015 05/15/15 Sold $525,000 -1.9% $256 / Sq Ft
04/23/2015 04/23/15 Pending -- -- --
03/18/2015 03/18/15 For Sale $535,000 -- $261 / 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 $10,211 $832,320 $582,624 $249,696
2024 $10,211 $816,000 $571,200 $244,800
2023 $10,017 $800,000 $560,000 $240,000
2022 $7,312 $591,741 $339,756 $251,985
2021 $7,218 $580,140 $333,095 $247,045
2020 $7,287 $574,192 $329,680 $244,512
2019 $7,007 $562,934 $323,216 $239,718
2018 $6,883 $551,897 $316,879 $235,018
2016 $6,570 $530,468 $304,575 $225,893
2015 $3,279 $254,331 $91,770 $162,561
2014 -- $249,350 $89,973 $159,377
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR22075273

California Regional Multiple Listing Service (CRMLS)

APN: 2321-012-019