NOT LISTED FOR SALE

Estimated Value: $1,174,000 - $1,397,000

9 Beds
4 Baths
3,574 Sq Ft
$365/Sq Ft Est. Value

Last Sold April 13, 2021

Last sale price $1,130,000 $316 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $8,121/month

20 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • 4 Car Garage
  • Wall Furnace

About This Home

As of April 2021

7463 Troost Ave in the City of North Hollywood is a four unit Apartment complex, located between Lankershim Blvd and Tujunga Blvd at Troost and Cohasset Street. The property is comprised of (3) Three (2) Two Bedroom and (1) One Bath Units and (1) One (3) Three Bedroom and (1) One Bath Units. The property is in a redeveloping area of North Hollywood and is on a corner lot. The building is approximately 3,574 SF, and the lot is 6,626 SF. The investment has tremendous rental upside and is ideal for a first-time investor and seasoned investor looking for a cash flow.

Last Agent to Sell the Property

James Antonucci

Keller Williams Realty-Studio City License #01822661 Listed on: 02/02/2021

Keller Williams Realty-Studio City

Co-Listed By

Mike Pesci

Keller Williams Studio City License #01274379

Last Buyer's Agent

Levon Yengibaryan

Coldwell Banker Hallmark License #01887345

Coldwell Banker Hallmark

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 6,627 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 3,574 Sq Ft Home
  • 2-Story Property
  • Gas Range

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 37
  • Tax Tract Number 4605
  • Assessor Parcel Number 2316014013

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,680
  • Fuel Expense $1,680
  • Insurance Expense $1,430
  • Water Sewer Expense $1,680
  • New Taxes Expense $14,363
  • Operating Expense $26,422
  • Gross Income $76,740
  • Net Operating Income $48,016

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

6,627 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.18
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1680.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 2316014013
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 316.17

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6627.00
  • Lot Size Acres: 0.1521

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1680.00
  • Fuel Expense: 1680.00
  • Gross Income: 76740.00
  • Gross Multiplier: 14.97
  • Gross Operating Income: 74438.00
  • Gross Scheduled Income: 76740.00
  • Insurance Expense: 1430.00
  • Lot Size Area: 6627.0000 Square Feet
  • Net Operating Income: 48016.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 26422.00
  • Operating Expense Percent: 34.40
  • Rent Control: Yes
  • Total Expenses: 26422.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 14363.00
  • Tax Census Tract: 1224.20
  • Tax Lot: 37
  • Tax Tract Number: 4605

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 2024
Sold by
Ghazarian Robert and Ghazarian Melina
Bought by
Derafshkavan-Ghazarian Family Trust and Ghazarian
Current Estimated Value
$1,304,383

Purchase Details

Listed on
Nov 26, 2019
Closed on
Apr 2, 2020
Sold by
Davidesfahani Shahriar and Vodbility Wai
Bought by
Brandon Legacy 2003 Llc
Seller's Agent
Dulce Vazquez
Luxury Collective
Buyer's Agent
Jesus Henao
LEOLA Commercial , Inc.
List Price
$980,000
Sold Price
$965,000
Premium/Discount to List
-$15,000
-1.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.14%
Original Mortgage
$772,000
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 26, 2019
Closed on
Mar 16, 2020
Sold by
Davidesfahani Shahriar and Vodbility Wai
Bought by
Brandon Legacy 2003 Llc
Seller's Agent
Dulce Vazquez
Luxury Collective
Buyer's Agent
Jesus Henao
LEOLA Commercial , Inc.
List Price
$980,000
Sold Price
$965,000
Premium/Discount to List
-$15,000
-1.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,000
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 26, 2019
Closed on
Mar 10, 2020
Sold by
Montes Angel Jose
Bought by
Davidesfahani Shahriar
Seller's Agent
Dulce Vazquez
Luxury Collective
Buyer's Agent
Jesus Henao
LEOLA Commercial , Inc.
List Price
$980,000
Sold Price
$965,000
Premium/Discount to List
-$15,000
-1.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,000
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2016
Sold by
Nibiru Enterprises Inc
Bought by
Montes Angel Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 21, 2015
Closed on
Oct 7, 2015
Sold by
Vazquez Manuel and Vazquez Concepcion
Bought by
Nibiru Enterprises Inc
Seller's Agent
Gilberto Gomez
No Firm Affiliation
Buyer's Agent
Sergio San Vicente
No Firm Affiliation
List Price
$425,000
Sold Price
$390,000
Premium/Discount to List
-$35,000
-8.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.05%

Purchase Details

Closed on
Nov 20, 2014
Sold by
Manuez Vasquez Inter Vivos Trust
Bought by
Manuel Vazquez Inter Vivos Trust

Purchase Details

Closed on
Oct 23, 2014
Sold by
Manuel Vazquez Inter Vivos Trust
Bought by
Manuel Vasquez Inter Vivos Trust

Purchase Details

Closed on
Jun 19, 2013
Sold by
Vazquez Manuel and Vazquez Concepcion
Bought by
Manuel Vazquez Inter Vivos Trust

Purchase Details

Closed on
Jan 28, 2004
Sold by
Rodriguez Alberto
Bought by
Vazquez Manuel and Vazquez Concepcion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 1995
Sold by
Contreras Rosario
Bought by
Rodriguez Alberto
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
Derafshkavan-Ghazarian Family Trust -- None Listed On Document
Brandon Legacy 2003 Llc -- None Available
Brandon Legacy 2003 Llc -- None Available
Davidesfahani Shahriar -- Lawyers Title Company
Davidesfahani Shahriar $965,000 Lawyers Title
Montes Angel Jose -- Priority Title
Nibiru Enterprises Inc $440,000 Fidelity Sherman Oaks
Vazquez Manuel -- Fidelity Sherman Oaks
Guizar Conrado Moreno -- Fidelity Sherman Oaks
Manuel Vazquez Inter Vivos Trust -- None Available
Manuel Vasquez Inter Vivos Trust -- None Available
Manuel Vazquez Inter Vivos Trust -- None Available
Vazquez Manuel $570,000 Alliance Title Company
Rodriguez Alberto -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davidesfahani Shahriar $772,000
Previous Owner Montes Angel Jose $210,000
Previous Owner Vazquez Manuel $456,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/13/2021 04/13/21 Sold $1,130,000 -1.7% $316 / Sq Ft
02/22/2021 02/22/21 Pending -- -- --
02/02/2021 02/02/21 For Sale $1,149,000 +19.1% $321 / Sq Ft
03/20/2020 03/20/20 Sold $965,000 -1.5% $270 / Sq Ft View Prior Sale
12/16/2019 12/16/19 Pending -- -- --
11/26/2019 11/26/19 For Sale $980,000 +151.3% $274 / Sq Ft
08/15/2015 08/15/15 Sold $390,000 -8.2% $109 / Sq Ft View Prior Sale
07/25/2015 07/25/15 Pending -- -- --
07/21/2015 07/21/15 For Sale $425,000 -- $119 / 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 $15,105 $1,223,146 $757,701 $465,445
2024 $14,902 $1,199,164 $742,845 $456,319
2023 $14,617 $1,175,652 $728,280 $447,372
2022 $13,942 $1,152,600 $714,000 $438,600
2021 $11,939 $974,997 $505,180 $469,817
2020 $9,136 $721,621 $424,483 $297,138
2019 $8,784 $707,472 $416,160 $291,312
2018 $8,677 $693,600 $408,000 $285,600
2016 $5,568 $440,000 $270,000 $170,000
2015 $8,471 $683,441 $472,958 $210,483
2014 $7,179 $560,000 $392,000 $168,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21022070

California Regional Multiple Listing Service (CRMLS)

APN: 2316-014-013

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