NOT LISTED FOR SALE
8 Beds
4 Baths
5,000 Sq Ft
7,505 Sq Ft Lot

Sale Details

Date Sold: January 5, 2015

Last sale price $1,550,000 $310 Per Sq Ft

22 Days on Market

Highlights

  • No HOA
  • Laundry Facilities
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window

About This Home

As of January 2015

This NON-RENT CONTROL is located near Silverlake, Hollywood and Korea town. This gated building consists of Five 2 bedroom, 1.5 bath units. There are Five tandem parking spaces in the rear plus a central laundry area that produces extra income. This is a very low maintenance building. Each unit has it's own meter for electricity and gas. Water and trash are covered by the owner. Most of the tenants have been in the building for over 15 years+. The rent is very low and does not reflect the UPSIDE POTENTIAL of true market rates. NO ON-SITE MANAGER NEEDED! Please DO NOT WALK the property or DISTURB the tenants. Property will be conveyed fully rented.

Last Agent to Sell the Property

Brett Smith

Notch Luxury Properties License #01365189 Listed on: 11/14/2014

Last Buyer's Agent

FANNY CHAN

MANDARIN REALTY 1 Corp License #00946537

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 7,505 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 5,000 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Leased Washer and Dryer

Parking

  • 10 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 21
  • Tax Tract Number 1959
  • Assessor Parcel Number 5427011024

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Electric Expense $750
  • Insurance Expense $1,200
  • Maintenance Expense $2,000
  • Trash Expense $924
  • Gross Income $7,895
  • Net Operating Income $89,952

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

7,505 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 5427011024
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 310.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Sewer: Sewer Paid
  • Trash Expense: 924.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7505.00
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 1334
  • Electric Expense: 750.00
  • Gross Income: 7895.00
  • Gross Scheduled Income: 94740.00
  • Insurance Expense: 1200.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 7505.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 89952.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Total: 5
  • Operating Expense: 4788.00
  • Rent Control: No

Tax Info

  • Tax Lot: 21
  • Tax Tract Number: 1959
  • Tax Year: 2013

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2022
Sold by
Bought by

Purchase Details

Listed on
Nov 14, 2014
Closed on
Dec 10, 2014
Sold by
Bought by
Seller's Agent
Brett Smith
Notch Luxury Properties
Buyer's Agent
FANNY CHAN
MANDARIN REALTY 1 Corp
List Price
$1,550,000
Sold Price
$1,550,000

Purchase Details

Closed on
Oct 25, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 14, 1999
Sold by
Bought by

Purchase Details

Closed on
Nov 16, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Silver Lake, CA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title
$1,550,000 California Title Company
$600,000 Commerce Title
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $835,000
Previous Owner $770,000
Previous Owner $553,000
Previous Owner $420,000
Previous Owner $259,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/05/2015 01/05/15 Sold $1,550,000 0.0% $310 / Sq Ft
12/06/2014 12/06/14 Pending -- -- --
11/14/2014 11/14/14 For Sale $1,550,000 -- $310 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $23,433 $1,862,860 $1,382,123 $480,737
2024 $23,118 $1,826,334 $1,355,023 $471,311
2023 $22,683 $1,790,524 $1,328,454 $462,070
2022 $21,666 $1,755,416 $1,302,406 $453,010
2021 $21,381 $1,720,997 $1,276,869 $444,128
2019 $20,758 $1,671,254 $1,238,998 $432,256
2018 $20,597 $1,638,510 $1,214,704 $423,806
2016 $19,621 $1,573,637 $1,167,537 $406,100
2015 $9,485 $723,045 $289,216 $433,829
2014 $9,543 $708,882 $283,551 $425,331
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14242281

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.