NOT LISTED FOR SALE

723 N Manhattan Place Los Angeles, CA 90038

Hollywood Neighborhood

Estimated Value: $1,482,000 - $2,743,000

8 Beds
4 Baths
5,403 Sq Ft
$399/Sq Ft Est. Value

Last Sold January 16, 2017

Last sale price $1,515,000 $280 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $13,598/month

59 Days on Market

About This Home

As of January 2017

JUST REDUCED and to be delivered VACANT! Beautifully upgraded 4 unit building in the super quiet area of Melrose Hills. Just minutes from Metro stations, and shopping at Hollywood and Highland. Great investor opportunity to own in an area where buildings don't often go up for sale. Recent upgrades include: Complete exterior remodel including stucco and paint. Brand new roof is less than 5 years old. Central heat and cooling added to the top 2 units along with copper re-piping and the replacement of most windows. Building sold as is, buyer to do their own due diligence.

Last Agent to Sell the Property

Karina Villagomez

Luxury Collective License #01924652 Listed on: 09/27/2016

Co-Listed By

Edgar Morales

Homesmart Evergreen Realty License #01992264

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,482

Year Built

  • Built in 1922

Lot Details

  • 8,249 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 5,403 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 20
  • Tax Tract Number 3783
  • Assessor Parcel Number 5535016004

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $1,000
  • Maintenance Expense $2,000
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • New Taxes Expense $3,809
  • Gross Income $73,620
  • Net Operating Income $64,411

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,482

Year Built

Built in 1922

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: LARD1.5
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5535016004
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 280.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 8249.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 73620.00
  • Maintenance Expense: 2000.00
  • Net Operating Income: 64411.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 9209.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 3809.00
  • Tax Census Tract: 1917.10
  • Tax Lot: 20
  • Tax Tract Number: 3783

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2017
Sold by
Vartanian Harry
Bought by
2037 Rodney Llc
Current Estimated Value
$2,156,669

Purchase Details

Listed on
Sep 27, 2016
Closed on
Dec 15, 2016
Sold by
Malam Ismail M
Bought by
Vartanian Harry and Vartanian Rita
Seller's Agent
Karina Villagomez
Luxury Collective
List Price
$1,699,999
Sold Price
$1,515,000
Premium/Discount to List
-$184,999
-10.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.77%
Original Mortgage
$1,060,500
Interest Rate
4.16%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 20, 2003
Sold by
Malam Mohamed C and Malam Sara Bibi
Bought by
Malam Mohamed C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 2001
Sold by
Malam Mohamed C and Malam Sara Bibi
Bought by
Malam Mohamed C

Purchase Details

Closed on
Aug 16, 1999
Sold by
Malam Ismail Mohamed
Bought by
Malam Mohamed C

Purchase Details

Closed on
Mar 24, 1999
Sold by
Malam Mohamed C and Malam Sara Bibi
Bought by
Malam Mohamed C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,307
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 22, 1998
Sold by
Wu Catherine
Bought by
Malam Mohamed C

Purchase Details

Closed on
Apr 11, 1996
Sold by
Arias Bernard
Bought by
Malam Mohamed C and Malam Sara Bi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,990
Interest Rate
7.82%
Mortgage Type
FHA
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
2037 Rodney Llc -- None Available
Vartanian Harry $1,515,000 Pacific Coast Title Company
Malam Mohamed C -- Alliance Title Company
Malam Mohamed C -- Alliance Title Company
Malam Mohamed C -- --
Malam Mohamed C -- --
Malam Mohamed C -- Old Republic Title Company
Malam Mohamed C -- --
Malam Mohamed C $193,909 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vartanian Harry $1,060,500
Previous Owner Malam Ismail $200,000
Previous Owner Malam Mohamed C $188,000
Previous Owner Malam Mohamed C $193,307
Previous Owner Malam Mohamed C $194,990
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2017 01/16/17 Sold $1,515,000 -10.9% $280 / Sq Ft
11/25/2016 11/25/16 Pending -- -- --
09/27/2016 09/27/16 For Sale $1,699,999 -- $315 / 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 $21,482 $1,758,281 $1,218,612 $539,669
2024 $21,482 $1,723,806 $1,194,718 $529,088
2023 $21,075 $1,690,007 $1,171,293 $518,714
2022 $20,111 $1,656,871 $1,148,327 $508,544
2021 $19,846 $1,624,384 $1,125,811 $498,573
2019 $19,260 $1,576,706 $1,092,420 $484,286
2018 $19,092 $1,545,800 $1,071,000 $474,800
2016 $3,859 $286,475 $158,214 $128,261
2015 $3,809 $282,173 $155,838 $126,335
2014 $3,848 $276,647 $152,786 $123,861
Source: Public Records

Agents Affiliated with this Home

  • Karina Villagomez

    Seller's Agent in 2017

    Karina Villagomez

    Luxury Collective

    (805) 791-5256

    49 Total Sales

    Section Image

  • E

    Seller Co-Listing Agent in 2017

    Edgar Morales

    Homesmart Evergreen Realty

    (818) 770-3663

    56 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16712286

California Regional Multiple Listing Service (CRMLS)

APN: 5535-016-004

California Los Angeles County Los Angeles 90038 Hollywood

723 N Manhattan Place, Los Angeles, CA

This home is located at 723 N Manhattan Place, Los Angeles, CA 90038 since 27 September 2016 and is currently estimated at $2,156,669, approximately $399 per square foot. This property was built in 1922. 723 N Manhattan Place is a home located in Los Angeles County with nearby schools including Joseph Le Conte Middle School, STEM Academy at Bernstein High, and Helen Bernstein High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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