NOT LISTED FOR SALE

Estimated Value: $856,000 - $957,000

4 Beds
2 Baths
1,600 Sq Ft
$570/Sq Ft Est. Value

Last Sold April 10, 2015

Last sale price $380,000 $238 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $5,223/month

123 Days on Market

Highlights

  • Level Lot
  • Back and Front Yard
  • 3-minute walk to De Garmo Park
  • Verdugo Hills Senior High School Rated A-

About This Home

As of April 2015

BOM - Previously sold with multiple bids! Run, don't walk! Two 2 bedroom 1 bathroom units with two 1-car garages!! 1 unit all repainted. Hardwood floors. Cool retro bath and kitchen. Each unit has a formal dining room. Each unit has a kitchen with dining area. 1 unit has covered patio. Huge lot with lots of fruit trees!

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 01/29/2015

Last Buyer's Agent

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 01/29/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 8,366 Sq Ft Lot
  • 1 Common Wall
  • Level Lot
  • Back and Front Yard

Parking

  • 2 Car Garage

Home Design

  • 1,600 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 49
  • Tax Tract Number 13170
  • Assessor Parcel Number 2405015010

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Water Sewer Expense $900
  • New Taxes Expense $4,875
  • Gross Income $2,675
  • Net Operating Income $24,525

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

8,366 Sq Ft Lot

Parking

2

Listing Details

  • CapRate: 6.29
  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Property Type: Residential Income
  • Parcel Number: 2405015010
  • Year Built: 1943
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 237.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Back Yard, Front Yard, Level
  • Lot Size Sq Ft: 8366.00
  • Lot Size Acres: 0.1920

Multi Family

  • Gross Income: 2675.00
  • Gross Multiplier: 12.15
  • Gross Scheduled Income: 32100.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 8366.0000 Square Feet
  • Net Operating Income: 24525.00
  • 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: 7575.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 4875.00
  • Tax Lot: 49
  • Tax Tract Number: 13170

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2015
Sold by
Korb Brad
Bought by
Ty Kor Llc
Current Estimated Value
$912,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2015
Sold by
Ty Kor Llc
Bought by
Korb Brad and Korb Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2014
Sold by
Nassaur Constance
Bought by
Ty Kor Llc
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
Ty Kor Llc -- None Available
Korb Brad -- Fidelity Sherman Oaks
Ty Kor Llc $380,000 Fidelity
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Korb Brad $266,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2015 04/10/15 Sold $380,000 -2.6% $238 / Sq Ft
03/07/2015 03/07/15 Pending -- -- --
11/04/2014 11/04/14 For Sale $389,983 -- $244 / 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 $5,699 $456,694 $274,017 $182,677
2024 $5,699 $447,741 $268,645 $179,096
2023 $5,592 $438,963 $263,378 $175,585
2022 $5,337 $430,357 $258,214 $172,143
2021 $5,268 $421,919 $253,151 $168,768
2019 $5,114 $409,407 $245,644 $163,763
2018 $5,007 $401,380 $240,828 $160,552
2016 $4,776 $385,795 $231,477 $154,318
2015 $3,379 $268,538 $160,816 $107,722
2014 -- $263,278 $157,666 $105,612
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB14235721

California Regional Multiple Listing Service (CRMLS)

APN: 2405-015-010

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