NOT LISTED FOR SALE

Estimated Value: $2,309,000 - $3,687,466

6 Beds
4 Baths
3,849 Sq Ft
$723/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $1,757,250 $457 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $17,511/month

13 Days on Market

Highlights

  • Living Room with Fireplace
  • French Architecture
  • 2 Car Garage
  • Hancock Park Elementary Rated 9+
  • Wood Flooring
  • Central Heating and Cooling System

About This Home

As of November 2020

This well-maintained French Normandy-style duplex is set amongst too many restaurants and boutiques to list in the heart of 3rd Street. In nearly 3,849 sq.ft., on a 6,251 sq.ft. lot, both three-bedroom, two-bathroom residences are adorned with oak hardwood floors, charming millwork and original architectural details. Amenities include: flat grassy back yard, two detached garages, parking for five, grill area, wood-burning fireplaces. Upper unit delivered with a tenant. Lower unit delivered vacant. All this, only moments from Beverly Hills, The Grove, and The Beverly Center.

Last Agent to Sell the Property

Ben Belack

The Agency License #01900787 Listed on: 09/10/2020

The Agency

Last Buyer's Agent

Ben Belack

The Agency License #01900787 Listed on: 09/10/2020

The Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,112

Year Built

  • Built in 1925

Lot Details

  • 6,251

Parking

  • 2 Car Garage
  • 3 Open Parking Spaces

Home Design

  • Duplex
  • French Architecture

Interior Spaces

  • 3,849 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Freezer
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • 6,251 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5511-041-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,112

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: French Normandy
  • Street Number Display: Yes
  • Living Area: 3849
  • Lot Acreage: 0.1435
  • Stories: 2
  • Year Built: 1925
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood, Tile
  • Bedrooms: 6
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Equipment: Dryer, Freezer, Garbage Disposal, Range/Oven, Recirculated Exhaust Fan, Washer
  • Price Per S Q F T: 467.13

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 3
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Garage Is Detached
  • Total Parking: 5

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 5511-041-017
  • Lot Size Area: 6251

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 19.70
  • Number Of Units: 2
  • Total Annual Expense: 35000
  • Type Of Units: Duplex
  • Vacancy Rate: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2020
Closed on
Oct 23, 2020
Sold by
Farkas Michael L and Farkas Francine
Bought by
Canyon View Capital Partners Llc
Seller's Agent
Ben Belack
The Agency
Buyer's Agent
Ben Belack
The Agency
List Price
$1,798,000
Sold Price
$1,757,250
Premium/Discount to List
-$40,750
-2.27%
Current Estimated Value
$2,783,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,026,617
Avg. Annual Appreciation
8.52%

Purchase Details

Closed on
May 16, 2014
Sold by
Farkas Michael L
Bought by
Farkas Family Revocable Trust

Purchase Details

Closed on
Jun 15, 2013
Sold by
Farkas Michael Leonard
Bought by
Farkas Michael Leonard
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
Canyon View Capital Partners Llc $1,757,500 Fidelity National Title Co
Farkas Family Revocable Trust -- None Available
Farkas Michael Leonard -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Canyon View Capital Partners L $910,000
Closed Canyon View Capital Partners Llc $1,260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $1,757,250 -2.3% $457 / Sq Ft
09/23/2020 09/23/20 Pending -- -- --
09/10/2020 09/10/20 For Sale $1,798,000 -- $467 / 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 $28,112 $2,343,334 $1,515,404 $827,930
2024 $28,112 $2,297,388 $1,485,691 $811,697
2023 $22,421 $1,828,242 $1,456,560 $371,682
2022 $21,380 $1,792,395 $1,428,000 $364,395
2021 $21,109 $1,757,250 $1,400,000 $357,250
2019 $1,805 $122,138 $64,147 $57,991
2018 $1,716 $119,744 $62,890 $56,854
2016 $1,598 $115,097 $60,449 $54,648
2015 $1,578 $113,369 $59,541 $53,828
2014 $1,597 $1,024,630 $723,268 $301,362
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-630732

The MLS

APN: 5511-041-017