NOT LISTED FOR SALE

762 N Van Ness Ave Los Angeles, CA 90038

Hollywood Neighborhood

Estimated Value: $1,645,000 - $2,722,000

7 Beds
5 Baths
4,675 Sq Ft
$506/Sq Ft Est. Value

Sale Details

Date Sold: August 22, 2019

Last sale price $1,810,000 $387 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $13,524 / mo

15 Days on Market

About This Home

As of August 2019

Great investment opportunity. 5-unit property. Spanish style 4 plex plus special loft unit over 4-car garage. Close to Larchmont Village, shops, restaurants and studios. Each unit is almost 1,000 square feet. All units have laundry and parking. Many upgrades including electrical, copper plumbing and dual paned windows throughout. Fully occupied with performing tenants. Rents are actual. 4 units below market. One unit considerably below market. Due for rent increase in September. Parking for 9 cars. Sold "as is". Buyer to cooperate with seller 1031 exchange.

Last Agent to Sell the Property

Peter Buonocore

Keller Williams Larchmont License #01279107 Listed on: 07/10/2019

Keller Williams Larchmont

Last Buyer's Agent

Sung Lee

AIE Realty Inc License #01921477

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 6,731

Interior Spaces

  • 4,675 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Parking

  • 4 Car Garage
  • Driveway

Additional Features

  • 6,731 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5535-002-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

6,731 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4675
  • Stories: 2
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 374.33

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway, Garage - 4+ Car
  • Total Parking: 9

Utilities

  • Cooling: Wall/Window

Lot Info

  • Assessed Improvement Value: 282500
  • Assessed Land Value: 619646
  • Assessor Parcel Number: 5535-002-009
  • Geocode Override: No
  • Lot Size Area: 6731

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.70
  • Number Of Units: 5
  • Rent Control: 100
  • Type Of Units: residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2019
Closed on
Aug 13, 2019
Sold by
Reilly Burke Michael and Butler Kayren A
Bought by
Just Property Investment Llc
Seller's Agent
Peter Buonocore
Keller Williams Larchmont
Buyer's Agent
Sung Lee
AIE Realty Inc
List Price
$1,750,000
Sold Price
$1,810,000
Premium/Discount to List
$60,000
3.43%
Current Estimated Value
$2,134,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,171
Avg. Annual Appreciation
4.14%

Purchase Details

Closed on
Oct 2, 2017
Sold by
Buonocore Peter and Eigenberg Helen
Bought by
Buonocore Peter V and Eigenberg Helen M

Purchase Details

Closed on
Jan 17, 2013
Sold by
Burke Michael Reilly and Butler Kayren A
Bought by
Buonocore Peter and Eigenberg Helen

Purchase Details

Listed on
Feb 20, 2012
Closed on
Jun 8, 2012
Sold by
Green Adam G
Bought by
Burke Michael Reilly and Butler Kayren A
Seller's Agent
Paul Blair
Paul Blair
Buyer's Agent
Peter Buonocore
Keller Williams Larchmont
List Price
$7,990,000
Sold Price
$675,000
Premium/Discount to List
-$7,315,000
-91.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.51%
Original Mortgage
$506,250
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2006
Sold by
Ellingson Kristin
Bought by
Green Adam G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
6.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 1, 2006
Sold by
Lorell Adam
Bought by
Green Adam G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
6.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 14, 2004
Sold by
Huntley James
Bought by
Lorell Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$597,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2001
Sold by
B H T Enterprises Inc
Bought by
Huntley James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
7.05%

Purchase Details

Closed on
Jun 2, 1999
Sold by
Tyler Ben Harrison
Bought by
B H T Enterprises Inc

Purchase Details

Closed on
Feb 9, 1999
Sold by
Pacific Access
Bought by
Tyler Ben Harrison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,750
Interest Rate
6.79%

Purchase Details

Closed on
Feb 8, 1999
Sold by
Tyler Dimple L
Bought by
Tyler Ben Harrison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,750
Interest Rate
6.79%

Purchase Details

Closed on
Feb 2, 1999
Sold by
Wong Gordon B and Lee Judy L
Bought by
Pacific Access Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,750
Interest Rate
6.79%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Just Property Investment Llc $1,810,000 First American Title Company
Buonocore Peter V -- None Available
Buonocore Peter -- None Available
Burke Michael Reilly $675,000 Ticor Title Co
Green Adam G -- Fidelity National Title
Green Adam G $980,000 Fidelity National Title
Lorell Adam $775,000 Chicago Title Company
Huntley James $395,000 Equity Title Company
B H T Enterprises Inc -- --
Tyler Ben Harrison $405,000 Equity Title
Tyler Ben Harrison -- Equity Title
Pacific Access Corp $199,500 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burke Michael Reilly $506,250
Previous Owner Green Adam G $147,000
Previous Owner Green Adam G $735,000
Previous Owner Lorell Adam $597,000
Previous Owner Huntley James $316,000
Previous Owner Tyler Ben Harrison $303,750
Closed Tyler Ben Harrison $60,750
Closed Huntley James $59,250
Closed Lorell Adam $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/22/2019 08/22/19 Sold $1,810,000 +3.4% $387 / Sq Ft
07/10/2019 07/10/19 For Sale $1,750,000 +159.3% $374 / Sq Ft
06/15/2012 06/15/12 Sold $675,000 -91.6% $178 / Sq Ft View Prior Sale
02/27/2012 02/27/12 Pending -- -- --
02/20/2012 02/20/12 For Sale $7,990,000 -- $2,105 / Sq Ft
Source: The MLS

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 $24,364 $1,979,494 $1,388,928 $590,566
2024 $24,364 $1,940,682 $1,361,695 $578,987
2023 $23,906 $1,902,631 $1,334,996 $567,635
2022 $22,822 $1,865,325 $1,308,820 $556,505
2021 $22,534 $1,828,751 $1,283,157 $545,594
2020 $22,771 $1,810,000 $1,270,000 $540,000
2019 $12,071 $938,591 $644,678 $293,913
2018 $11,928 $920,188 $632,038 $288,150
2016 $11,347 $884,458 $607,497 $276,961
2015 $11,190 $871,173 $598,372 $272,801
2014 $11,247 $854,109 $586,651 $267,458
Source: Public Records

Agents Affiliated with this Home

  • Peter Buonocore

    Seller's Agent in 2019

    Peter Buonocore

    Keller Williams Larchmont

    (323) 762-2561

    75 Total Sales

    Peter Buonocore
    Section Image

  • S

    Buyer's Agent in 2019

    Sung Lee

    AIE Realty Inc

    Section Image
  • Paul Blair

    Seller's Agent in 2012

    Paul Blair

    Paul Blair

    (310) 923-3467

    3 Total Sales

    Paul Blair
    Section Image
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Map

Source: The MLS

MLS Number: 19-486972

The MLS

APN: 5535-002-009

California Los Angeles County Los Angeles 90038 Hollywood

762 N Van Ness Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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