$1,560,000
SOLD FEB 27, 2015
6 Beds
4 Baths
3,822 Sq Ft
6,250 Sq Ft Lot

Recently Sold

$408 Per Sq Ft

8% Below List Price

6 Days on Market

Highlights

  • Detached Carport Space
  • Hancock Park Elementary Rated 9+
  • Ceiling Fan

About This Home

As of February 2015

This character rich, light and bright Spanish style duplex, features grand living rooms with fireplaces, kitchens with separate breakfast rooms, formal dining rooms, bathrooms, separate laundry rooms. These expansive units include architectural original details like built-ins, archways, stained windows and hardwood floors throughout. From each unit, a door leads to the back area that includes 4 covered garage spaces and a garden area. Plenty of off street parking is provided by the long driveway. Bottom unit is vacant and upper unit is leased out month to month. Ideal location on a quiet street, yet in close proximity to the shops and restaurants on Third Street, The Grove, The Farmer's Market and in the Hancock Park Elementary school district, an owner/user or investor's dream.

Last Agent to Sell the Property

Sam Plouchart

Sotheby's International Realty License #01921196 Listed on: 01/20/2015

Sotheby's International Realty

Last Buyer's Agent

Hazar Chircorian

License #01026461

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,496

Year Built

  • Built in 1935

Interior Spaces

  • 3,822 Sq Ft Home
  • Ceiling Fan

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Detached Carport Space

Additional Features

  • 6,250 Sq Ft Lot
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5511-042-035

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,496

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3822
  • Year Built: 1935
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 443.49

Exterior Features

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

Garage/Parking

  • Parking Garage: Carport Detached
  • Total Parking: 4

Utilities

  • Cooling: Ceiling Fan, Wall Unit(s)

Lot Info

  • Assessed Improvement Value: 64176
  • Assessed Land Value: 58375
  • Assessor Parcel Number: 5511-042-035
  • Geocode Override: No
  • Lot Size Area: 6250

Multi Family

  • Unit Type: 2106
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: 1 story
  • Vacancy Rate: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2015
Closed on
Feb 10, 2015
Sold by
Baruch Ralph and Louis Baruch 1999 Revocable Tr
Bought by
Hovsepian Christopher
Seller's Agent
Sam Plouchart
Sotheby's International Realty
Buyer's Agent
Hazar Chircorian
List Price
$1,695,000
Sold Price
$1,560,000
Premium/Discount to List
-$135,000
-7.96%
Current Estimated Value
$2,277,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$717,396
Avg. Annual Appreciation
4.07%
Original Mortgage
$472,000
Outstanding Balance
$361,495
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$2,012,470

Purchase Details

Closed on
Jul 16, 1999
Sold by
Baruch Louis and Baruch Edith M
Bought by
Baruch Louis and Louis Baruch 1999 Revocable Tr
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,560,000 First American Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $472,000 New Conventional
Previous Owner $65,000 Negative Amortization
Previous Owner $47,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2021 05/17/21 Rented $60,000 +1112.1% --
05/07/2021 05/07/21 For Rent $4,950 0.0% --
02/27/2015 02/27/15 Sold $1,560,000 -8.0% $408 / Sq Ft
01/26/2015 01/26/15 Pending -- -- --
01/20/2015 01/20/15 For Sale $1,695,000 -- $443 / 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 $22,496 $1,874,877 $961,476 $913,401
2024 $22,496 $1,838,116 $942,624 $895,492
2023 $22,062 $1,802,076 $924,142 $877,934
2022 $21,038 $1,766,742 $906,022 $860,720
2021 $20,770 $1,732,101 $888,257 $843,844
2019 $20,146 $1,680,728 $861,912 $818,816
2018 $19,990 $1,647,773 $845,012 $802,761
2016 $19,101 $1,583,790 $812,200 $771,590
2015 $20,102 $1,660,526 $685,936 $974,590
2014 $1,735 $122,551 $58,375 $64,176
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-821693

The MLS

APN: 5511-042-035