NOT LISTED FOR SALE

Estimated Value: $1,956,000 - $3,539,000

5 Beds
5 Baths
2,600 Sq Ft
$1,007/Sq Ft Est. Value

Last Sold March 28, 2019

Last sale price $2,200,000 $846 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $15,034/month

158 Days on Market

About This Home

As of March 2019

Motivated Seller. Reduced $200k for a quick sale. Gorgeous newer construction in the coveted Hollywood. close to Sunset off La Brea, the two major streets in the City of Hollywood. Two 2bd 2ba and one 1bd 2ba. The entire building is leased until 2021, with $8800 income per month. Owner might deliver the building free of the lease obligation if the Buyer wishes and at the right sales price.Tenant pays for all except gardening and common area electricity; Seller expense is $7,000 a year according to Seller. 5 parking spaces in the back. Note the R3 zone which allows to possibly add to the units. Buyer to do due diligence regarding ALL information from City such as permits, square foot, etc. Showing with appointment.

Last Agent to Sell the Property

Homa Shaolian

Homa Nassi Shaolian License #01017111 Listed on: 09/23/2018

Last Buyer's Agent

Homa Shaolian

Homa Nassi Shaolian License #01017111 Listed on: 09/23/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,294

Year Built

  • Built in 2016

Lot Details

  • 5,380

Interior Spaces

  • 2,600 Sq Ft Home
  • 2-Story Property
  • Alarm System

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Parking Spaces
  • Private Parking

Additional Features

  • 5,380 Sq Ft Lot
  • Central Heating

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5548-008-254

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,294

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2600
  • Probate: No
  • Stories: 2
  • Year Built: 2016
  • Number Of Photos: 44
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 5.00
  • Den: 0
  • Equipment: Alarm System
  • Price Per S Q F T: 865.38

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Private
  • Total Parking: 5

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 5548-008-254
  • Geocode Override: No
  • Lot Size Area: 5380

Multi Family

  • Unit Type: 2106
  • Number Of Units: 3
  • Total Annual Expense: 7000
  • Type Of Units: INVESTMENT
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2018
Closed on
Mar 25, 2019
Sold by
Elhiani Simon Shimon and Lewkowicz Rita Ester
Bought by
7117 Hawthorn Ave Llc
Seller's Agent
Homa Shaolian
Homa Nassi Shaolian
Buyer's Agent
Homa Shaolian
Homa Nassi Shaolian
List Price
$2,750,000
Sold Price
$2,200,000
Premium/Discount to List
-$550,000
-20%
Current Estimated Value
$2,280,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,167
Avg. Annual Appreciation
3.02%

Purchase Details

Listed on
Sep 23, 2018
Closed on
Mar 13, 2019
Sold by
Almazrouei Latifa Mohammed Marzouq and Marzouq Latifa Mohamed
Bought by
Almazrouei Ahmed Ali
Seller's Agent
Homa Shaolian
Homa Nassi Shaolian
Buyer's Agent
Homa Shaolian
Homa Nassi Shaolian
List Price
$2,750,000
Sold Price
$2,200,000
Premium/Discount to List
-$550,000
-20%

Purchase Details

Listed on
Sep 23, 2018
Closed on
Mar 12, 2019
Sold by
Almazrouei Ahmed Ali
Bought by
Elhiani Simon Shimon and Lewkowicz Rita Ester
Seller's Agent
Homa Shaolian
Homa Nassi Shaolian
Buyer's Agent
Homa Shaolian
Homa Nassi Shaolian
List Price
$2,750,000
Sold Price
$2,200,000
Premium/Discount to List
-$550,000
-20%

Purchase Details

Listed on
Mar 4, 2016
Closed on
Apr 5, 2016
Sold by
Beverly Springs Llc
Bought by
Almazrouei Ahmed Ali
Seller's Agent
Raphael Guzman
HOMEQUEST REAL ESTATE
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$2,485,000
Sold Price
$2,300,000
Premium/Discount to List
-$185,000
-7.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.50%

Purchase Details

Listed on
Jun 24, 2015
Closed on
Jul 13, 2015
Sold by
Yasmeen Salima
Bought by
Beverly Springs Llc
Seller's Agent
Salima Yasmeen
Century 21 Hollywood
Buyer's Agent
Salima Yasmeen
Century 21 Hollywood
List Price
$999,000
Sold Price
$1,100,000
Premium/Discount to List
$101,000
10.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
182.60%
Original Mortgage
$450,000
Interest Rate
3.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2008
Sold by
Ahmed Nawroz
Bought by
Ahmed Mushtaque

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 18, 2008
Sold by
Ambia Mustafa
Bought by
Ambia Salma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2008
Sold by
Ahmed Mushtaque and Yasmeen Salima
Bought by
Yasmeen Salima

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 4, 2008
Sold by
Molla Md W
Bought by
Yasmeen Salima

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage
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
7117 Hawthorn Ave Llc -- Commonwealth Land Ttl Ins Co
Almazrouei Ahmed Ali -- Commonwealth Land Ttl Ins Co
Elhiani Simon Shimon $2,200,000 Commonwealth Land Ttl Ins Co
Almazrouei Ahmed Ali $2,300,000 First American Title Company
Beverly Springs Llc $1,100,000 Chicago Title Company
Ahmed Mushtaque -- Southland Title Corporation
Ambia Salma -- Southland Title
Yasmeen Salima $900,000 Southland Title Corporation
Yasmeen Salima -- Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beverly Springs Llc $450,000
Previous Owner Ahmed Mushtaque $323,000
Previous Owner Ambia Salma $323,000
Previous Owner Yasmeen Salima $417,000
Previous Owner Yasmeen Salima $323,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2019 03/28/19 Sold $2,200,000 -2.2% $846 / Sq Ft
02/28/2019 02/28/19 Pending -- -- --
01/17/2019 01/17/19 Price Changed $2,250,000 -8.0% $865 / Sq Ft
10/13/2018 10/13/18 Price Changed $2,445,000 -11.1% $940 / Sq Ft
09/23/2018 09/23/18 For Sale $2,750,000 +19.6% $1,058 / Sq Ft
04/15/2016 04/15/16 Sold $2,300,000 -7.4% $885 / Sq Ft
04/10/2016 04/10/16 Pending -- -- --
03/04/2016 03/04/16 For Sale $2,485,000 +125.9% $956 / Sq Ft
07/31/2015 07/31/15 Sold $1,100,000 -8.3% $393 / Sq Ft
06/28/2015 06/28/15 Price Changed $1,199,000 +20.0% $428 / Sq Ft
06/24/2015 06/24/15 For Sale $999,000 -- $357 / Sq Ft
Source: The MLS

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 $29,294 $2,454,137 $1,472,483 $981,654
2024 $29,294 $2,406,017 $1,443,611 $962,406
2023 $28,725 $2,358,841 $1,415,305 $943,536
2022 $27,385 $2,312,590 $1,387,554 $925,036
2021 $27,056 $2,267,247 $1,360,348 $906,899
2020 $27,339 $2,244,000 $1,346,400 $897,600
2019 $29,007 $2,435,472 $971,005 $1,464,467
2018 $28,861 $2,387,718 $951,966 $1,435,752
2017 $28,144 $2,340,900 $933,300 $1,407,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-391720

The MLS

APN: 5548-008-254