NOT LISTED FOR SALE

Estimated Value: $1,296,000 - $1,604,104

5 Beds
3 Baths
1,888 Sq Ft
$766/Sq Ft Est. Value

Sale Details

Date Sold: May 26, 2021

Last sale price $1,060,000 $561 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $8,876 / mo

43 Days on Market

Highlights

  • Laundry Room
  • John Marshall Senior High Rated A
  • 4-minute walk to Bellevue Park Recreation Center

About This Home

As of May 2021

A charming and well-located value-add duplex investment opportunity located in the Silver Lake submarket, one the fastest growing and most highly-coveted rental markets in Los Angeles. Asset includes two separate, stand-alone structures, front and rear with a unit mix consisting of one three-bedroom unit (in front) and one two-bedroom unit (in rear). Property is located on a quiet street, nestled on a hilltop with views of Downtown Los Angeles. Two car garage included. ADU potential on-site (Buyer to Investigate). Fully occupied, please do not disturb the tenants. Property to be sold on an as-is basis.

Last Agent to Sell the Property

Mitchell Dickinson

Greysteel California, Inc. License #02114951 Listed on: 03/11/2021

Last Buyer's Agent

Seth Hamilton

Citivest Realty Services, Inc License #01897619

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 7,500 Sq Ft Lot
  • No Common Walls

Parking

  • 2 Car Garage

Home Design

  • 1,888 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tax Lot 97
  • Assessor Parcel Number 5401007007

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,320
  • Insurance Expense $888
  • Maintenance Expense $1,000
  • Supplies Expense $200
  • Water Sewer Expense $1,180
  • New Taxes Expense $14,018
  • Operating Expense $18,606
  • Gross Income $38,040
  • Net Operating Income $19,434

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

7,500 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Supplies Expense: 200.00
  • Water Sewer Expenses: 1180.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Gardener Expense: 1320.00
  • Parcel Number: 5401007007
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 561.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Multi Family

  • Gross Income: 38040.00
  • Gross Scheduled Income: 38040.00
  • Insurance Expense: 888.00
  • Lot Size Area: 7500.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 19434.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 18606.00
  • Rent Control: Yes
  • Total Expenses: 18606.00

Tax Info

  • New Taxes Expense: 14018.00
  • Tax Census Tract: 1959.03
  • Tax Lot: 97

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2015
Sold by
Suba Cynthia P
Bought by
Suba Cynthia P and Cynthia P Suba 2015 Trust
Current Estimated Value
$1,445,776
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Suba Cynthia P -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2021 05/26/21 Sold $1,060,000 -9.8% $561 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
03/11/2021 03/11/21 For Sale $1,175,000 -- $622 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,900 $1,148,225 $917,944 $230,281
2024 $13,900 $1,125,712 $899,946 $225,766
2023 $13,632 $1,103,640 $882,300 $221,340
2022 $12,999 $1,082,000 $865,000 $217,000
2021 $2,955 $219,645 $87,329 $132,316
2020 $2,979 $217,394 $86,434 $130,960
2019 $2,873 $213,133 $84,740 $128,393
2018 $2,767 $208,955 $83,079 $125,876
2016 $2,630 $200,842 $79,853 $120,989
2015 $2,594 $197,826 $78,654 $119,172
2014 -- $193,952 $77,114 $116,838
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21051307

California Regional Multiple Listing Service (CRMLS)

APN: 5401-007-007

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