NOT LISTED FOR SALE

Estimated Value: $1,747,000 - $2,722,315

6 Beds
4 Baths
4,078 Sq Ft
$583/Sq Ft Est. Value

Last Sold May 06, 2014

Last sale price $1,623,250 $398 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $14,172/month

14 Days on Market

Highlights

  • Living Room with Fireplace
  • 4 Car Attached Garage
  • Tile Flooring
  • Hancock Park Elementary Rated 9+
  • Laundry Room
  • Dining Room

About This Home

As of May 2014

BEAUTIFUL AND SPACIOUS SPANISH DUPLEX IN BEVERLY GROVE! This light and bright duplex features large living rooms with fireplaces, remodeled kitchen in upper unit, separate breakfast rooms, formal dining rooms, three generous bedrooms per unit, beautifully remodeled bathrooms, and separate laundry rooms. The lovely charm of these two expansive units is accentuated with French windows, archways and original details throughout. Parking is ample with 4 single-car garages. Units feature both front and back access for convenience. Owner has done some piping and electrical upgrades. The upper, owner's unit will be delivered vacant. The lower unit is tenant occupied, and is similar to the upper unit except for a non-updated kitchen and breakfast room. Located just steps from shops and restaurants on Third Street, The Grove, and in the Hancock Park Elementary school district, ideal for an owner/user or investor!

Last Agent to Sell the Property

Allison Schwarz

Compass License #01878458 Listed on: 03/21/2014

Compass

Last Buyer's Agent

Jennifer Gainey

Compass License #01361195

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,857

Year Built

  • Built in 1929

Lot Details

  • 6,250 Sq Ft Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex

Interior Spaces

  • 4,078 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Dining Room
  • Dishwasher
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5511-036-018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,857

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4078
  • Stories: 2
  • Year Built: 1929
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Tile
  • Bedrooms: 6
  • Dining Room: 1
  • Family Room: 0
  • Laundry: In Unit, Room
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher
  • Price Per S Q F T: 383.77

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage Is Detached
  • Total Parking: 4

Utilities

  • Cooling: Wall/Window
  • Heating: Gravity

Lot Info

  • Assessed Improvement Value: 25859
  • Assessed Land Value: 65088
  • Assessor Parcel Number: 5511-036-018
  • Geocode Override: No
  • Lot Size Area: 6250

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2014
Closed on
Apr 24, 2014
Sold by
Litvak Alexander and Litvak William
Bought by
Lehmbeck Family Trust
Seller's Agent
Allison Schwarz
Compass
Buyer's Agent
Jennifer Gainey
Compass
List Price
$1,565,000
Sold Price
$1,623,250
Premium/Discount to List
$58,250
3.72%
Current Estimated Value
$2,378,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$755,188
Avg. Annual Appreciation
4.18%
Original Mortgage
$850,000
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 21, 2014
Closed on
Mar 26, 2014
Sold by
Litvak William
Bought by
Litvak Alexander and Litvak William
Seller's Agent
Allison Schwarz
Compass
Buyer's Agent
Jennifer Gainey
Compass
List Price
$1,565,000
Sold Price
$1,623,250
Premium/Discount to List
$58,250
3.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2014
Sold by
Litvak Alexander and Litvak William
Bought by
Litvak William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,850
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 1998
Sold by
Trust Litwak Cyma Tr Morris And Cyma Lit
Bought by
Litwak Cyma and Morris Litwak & Cyma Litwak Re
Source: Public Records

Range of Values:

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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
Lehmbeck Family Trust $1,623,500 Equity Title
Litvak Alexander -- None Available
Litvak William -- Fidelity National Title
Litvak William -- Fidelity National Title
Litwak Cyma -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lehmbeck Jason William $832,400
Previous Owner Lehmbeck Family Trust $850,000
Previous Owner Litvak William $533,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2014 05/06/14 Sold $1,623,250 +3.7% $398 / Sq Ft
04/04/2014 04/04/14 Pending -- -- --
03/21/2014 03/21/14 For Sale $1,565,000 -- $384 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

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 $14,857 $1,222,706 $474,455 $748,251
2024 $14,857 $1,198,732 $465,152 $733,580
2023 $14,575 $1,175,229 $456,032 $719,197
2022 $13,907 $1,152,187 $447,091 $705,096
2021 $13,719 $1,129,596 $438,325 $691,271
2019 $13,311 $1,096,093 $425,325 $670,768
2018 $13,148 $1,074,602 $416,986 $657,616
2016 $2,261 $170,026 $87,789 $82,237
2015 $20,058 $1,655,936 $616,067 $1,039,869
2014 $1,366 $91,359 $65,383 $25,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-745327

The MLS

APN: 5511-036-018