NOT LISTED FOR SALE

705 N Hoover St Los Angeles, CA 90029

East Hollywood Neighborhood

Estimated Value: $1,032,000 - $1,771,000

4 Beds
4 Baths
2,332 Sq Ft
$601/Sq Ft Est. Value

Last Sold April 17, 2012

Last sale price $668,000 $286 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $9,516/month

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • John Marshall Senior High Rated A

About This Home

As of April 2012

Charming, well maintained 4 Unit in an excellent rental area. Corner lot located in the Hollywood/Silver Lake area, close to Downtown Los Angeles. Each unit has Hardwood Floors, Individual Hot Water Heaters, stackable Washer/Dryer, Four 1 car garage with electric garage door openers and storage. 705 and 707 North Hoover Street have private yards and 3901-03 Melrose Avenue has some views to Downtown Los Angeles. Plumbing, Roof and Electrical have been upgraded. 100% occupied. A great opportunity for a first time and/or seasoned investor.

Last Agent to Sell the Property

Michael Tootikian

No Firm Affiliation License #00802699 Listed on: 03/06/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,932

Year Built

  • Built in 1941

Lot Details

  • 5,317

Parking

  • 4 Car Garage

Interior Spaces

  • 2,332 Sq Ft Home
  • Wood Flooring
  • Laundry Room

Additional Features

  • 5,317 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 410
  • Tax Tract Number 4422
  • Assessor Parcel Number 5539019005

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,073
  • Maintenance Expense $4,854
  • Water Sewer Expense $800
  • New Taxes Expense $8,438
  • Gross Income $5,779
  • Net Operating Income $51,623

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,932

Year Built

Built in 1941

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 168750
  • Water Sewer Expenses: 800.00
  • Property Type: Residential Income
  • Parcel Number: 5539019005
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Price Per Square Foot: 286.45

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Lot Info

  • Lot Size Sq Ft: 5317.00
  • Lot Size Acres: 0.1200

Multi Family

  • Gross Income: 5779.00
  • Gross Scheduled Income: 69348.00
  • Insurance Expense: 1073.00
  • Lot Size Area: 5317.0000 Square Feet
  • Maintenance Expense: 4854.00
  • Maintenance Percent: 7.00
  • Net Operating Income: 51623.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 15645.00
  • Rent Control: Yes
  • Vacancy Allowance: 2080
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 8438.00
  • Tax Lot: 410
  • Tax Tract Number: 04422
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2024
Sold by
Hoover-Melrose Apartments Llc
Bought by
Navarro David
Current Estimated Value
$1,401,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,000
Outstanding Balance
$111,090
Interest Rate
6.35%
Mortgage Type
Construction
Estimated Equity
$1,290,410

Purchase Details

Closed on
Sep 24, 2024
Sold by
Navarro Alba Arely
Bought by
Navarro David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$434,000
Outstanding Balance
$111,090
Interest Rate
6.35%
Mortgage Type
Construction
Estimated Equity
$1,290,410

Purchase Details

Closed on
Jul 5, 2024
Sold by
Navarro David
Bought by
Gaffney Amanda Jade

Purchase Details

Closed on
Oct 17, 2023
Sold by
Hoover Melrose Apartments Llc
Bought by
Kouf Kalli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Interest Rate
6.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2023
Sold by
Hoover-Melrose Apartments Llc
Bought by
Bass Space Trust and Mccarthy

Purchase Details

Closed on
Sep 26, 2013
Sold by
Nell Cobar Emil and Nell Cobar Natalia
Bought by
Hoover Melrose Apartments Llc

Purchase Details

Listed on
Mar 6, 2012
Closed on
Mar 12, 2012
Sold by
Fishbein Iric and Fishbein Rachel A
Bought by
Nell Cobar Emil and Nell Cobar Natalia
Seller's Agent
Michael Tootikian
No Firm Affiliation
Sold Price
$668,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%

Purchase Details

Closed on
Oct 29, 2010
Sold by
U S Bank National Association
Bought by
Fishbein Iric and Fishbein Rachel A

Purchase Details

Closed on
Jun 1, 2010
Sold by
Nichols James Louis
Bought by
Us Bank National Association

Purchase Details

Closed on
Nov 14, 2008
Sold by
Nichols James Louis
Bought by
Nichols James L and James L Nichols Revocable Trus

Purchase Details

Closed on
Apr 27, 2004
Sold by
Lusby Wendy and Lusby Don
Bought by
Nichols James Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2002
Sold by
Stevens James and Stevens Yvonne
Bought by
Lusby Don and Lusby Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,000
Interest Rate
6.06%

Purchase Details

Closed on
May 7, 2002
Sold by
Schickler Paul D
Bought by
Stevens Yvonne E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,750
Interest Rate
6.89%

Purchase Details

Closed on
Apr 17, 2002
Sold by
Lino Dominga L and The Dominga L Lino Living Trus
Bought by
Stevens James and Stevens Yvonne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,750
Interest Rate
6.89%

Purchase Details

Closed on
Jan 5, 2000
Sold by
Lino Valerio M and Lino Dominga L
Bought by
Lino Dominga L and Dominga L Lino Living Trust
Source: Public Records

Range of Values:

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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
Navarro David $620,000 Chicago Title Company
Navarro David -- Chicago Title Company
Gaffney Amanda Jade -- None Listed On Document
Kouf Kalli $599,000 Chicago Title Company
Bass Space Trust $599,000 Chicago Title Company
Hoover Melrose Apartments Llc -- None Available
Nell Cobar Emil $668,000 American Coast Title Company
Fishbein Iric $465,000 Landsafe Title
Us Bank National Association $456,525 Landsafe
Nichols James L -- None Available
Nichols James Louis $725,000 Equity Title Company
Lusby Don $516,000 Southland Title
Stevens Yvonne E -- Bridgespan Title
Stevens James $315,000 Bridgespan Title
Lino Dominga L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Navarro David $434,000
Previous Owner Kouf Kalli $399,000
Previous Owner Nell Cobar Emil $400,000
Previous Owner Fishbein Iric $325,500
Previous Owner Nichols James Louis $767,000
Previous Owner Nichols James Louis $580,000
Previous Owner Lusby Don $387,000
Previous Owner Stevens James $222,750
Closed Nichols James Louis $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2012 04/17/12 Sold $668,000 -- $286 / Sq Ft
03/06/2012 03/06/12 Pending -- -- --
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 $24,932 $2,441,960 $1,576,800 $865,160
2024 $24,932 $2,031,346 $1,431,255 $600,091
2023 $11,585 $919,036 $671,606 $247,430
2022 $11,057 $901,017 $658,438 $242,579
2021 $10,919 $883,351 $645,528 $237,823
2019 $10,599 $857,152 $626,382 $230,770
2018 $10,510 $840,346 $614,100 $226,246
2016 $10,047 $807,715 $590,254 $217,461
2015 $9,904 $795,583 $581,388 $214,195
2014 $9,956 $780,000 $570,000 $210,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Michael Tootikian

    No Firm Affiliation

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F12015588

California Regional Multiple Listing Service (CRMLS)

APN: 5539-019-005

California Los Angeles County Los Angeles 90004 East Hollywood

705 N Hoover St, Los Angeles, CA

This home is located at 705 N Hoover St, Los Angeles, CA 90029 since 06 March 2012 and is currently estimated at $1,401,500, approximately $600 per square foot. This property was built in 1941. 705 N Hoover St is a home located in Los Angeles County with nearby schools including Dayton Heights Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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California Regional Multiple Listing Service (CRMLS) 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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