NOT LISTED FOR SALE

6940 Simpson Ave North Hollywood, CA 91605

North Hollywood Neighborhood

Estimated Value: $823,000 - $1,361,000

4 Beds
3 Baths
1,992 Sq Ft
$581/Sq Ft Est. Value

Last Sold January 17, 2017

Last sale price $657,000 $330 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $6,841/month

98 Days on Market

Highlights

  • No HOA
  • Double Pane Windows
  • Bungalow
  • Victory Boulevard Elementary School Rated 9+
  • Laundry Room
  • Tile Flooring

About This Home

As of January 2017

TRIPLEX in North Hollywood neighborhood: 6940 1 bedroom, 6942 2 bedroom, and 6944 1 bedroom, separate water heaters, electrical and gas meters
plenty of parking INSIDE, All 3 units have tile, carpet and have sound proof windows. Near 170 Freeway. Very close to public transportation.

Last Agent to Sell the Property

Julie Heredia

Sunset Realty License #00887118 Listed on: 06/07/2016

Last Buyer's Agent

Juan Santana Rubio

Park Regency Realty License #01913999

Park Regency Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,422

Year Built

  • Built in 1930

Lot Details

  • 6,748 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Wrought Iron Fence

Home Design

  • Bungalow
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 1,992 Sq Ft Home
  • Double Pane Windows
  • Gas Cooktop

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Driveway
  • Paved Parking
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Phone Connected

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance, parking fee, repairs, trash collection
  • Tax Lot 83
  • Tax Tract Number 6024
  • Assessor Parcel Number 2321017024

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 2 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $439
  • Water Sewer Expense $1,800
  • New Taxes Expense $2,600
  • Gross Income $25,200
  • Net Operating Income $23,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,422

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 2321017024
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Price Per Square Foot: 329.82
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Foundation: Raised
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Concrete, Driveway

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Phone Available, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Gas Water Heater, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 6748.00
  • Price Per Lot Square Foot: 104.77

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance, Parking Fee, Repairs, Trash Collection

Multi Family

  • Gross Income: 25200.00
  • Gross Scheduled Income: 25200.00
  • Insurance Expense: 439.00
  • Net Operating Income: 23400.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 6
  • Number With Range: 3
  • Operating Expense: 1800.00
  • Rent Control: No
  • Total Actual Rent: 2100.00

Tax Info

  • New Taxes Expense: 2600.00
  • Tax Lot: 83
  • Tax Tract Number: 6024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2016
Sold by
Landa Ninfa
Bought by
Alvarez Diego
Current Estimated Value
$1,156,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,600
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2006
Sold by
Landa Jose
Bought by
Landa Ninfa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2005
Sold by
Landa Ninfa
Bought by
Landa Jose and Landa Ninfa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2005
Sold by
Landa Jose
Bought by
Landa Ninfa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 1998
Sold by
Landa Jose and Garcia Erica
Bought by
Landa Jose

Purchase Details

Closed on
Feb 27, 1997
Sold by
Western Mutual Funding Inc
Bought by
Landa Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,461
Interest Rate
7.9%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 20, 1996
Sold by
Home Svgs Of America Fsb
Bought by
Western Mutual Funding Inc

Purchase Details

Closed on
Feb 25, 1994
Sold by
Serrano Reconveyance Company
Bought by
Home Svgs Of America Fsb
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
Alvarez Diego $657,000 Fatcola
Landa Ninfa -- Security Union Title
Landa Jose -- --
Landa Ninfa -- Security Union Title
Landa Jose -- --
Landa Jose $180,000 Investors Title Company
Western Mutual Funding Inc $50,000 Investors Title Company
Home Svgs Of America Fsb $135,803 Investors Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alvarez Diego $525,600
Previous Owner Landa Ninfa $425,000
Previous Owner Landa Ninfa $232,000
Previous Owner Landa Jose $175,461
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2017 01/17/17 Sold $657,000 -7.1% $330 / Sq Ft
12/16/2016 12/16/16 Price Changed $707,000 0.0% $355 / Sq Ft
09/13/2016 09/13/16 Pending -- -- --
06/07/2016 06/07/16 For Sale $707,000 -- $355 / 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 $9,422 $773,876 $533,866 $240,010
2024 $9,422 $758,703 $523,399 $235,304
2023 $9,241 $743,828 $513,137 $230,691
2022 $8,815 $729,244 $503,076 $226,168
2021 $8,702 $714,946 $493,212 $221,734
2019 $8,443 $693,742 $478,584 $215,158
2018 $8,193 $670,140 $469,200 $200,940
2016 $2,637 $209,132 $126,143 $82,989
2015 $2,600 $205,992 $124,249 $81,743
2014 $2,627 $201,958 $121,816 $80,142
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Julie Heredia

    Sunset Realty

    (562) 760-7993

    2 Total Sales

    Julie Heredia
    Section Image
  • Juan Santana Rubio

    Buyer's Agent in 2017

    Juan Santana Rubio

    Park Regency Realty

    (818) 314-1102

    40 Total Sales

    Juan Santana Rubio
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS16122772

California Regional Multiple Listing Service (CRMLS)

APN: 2321-017-024

California Los Angeles County North Hollywood 91605 North Hollywood

6940 Simpson Ave, North Hollywood, CA

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