Seller's Agent in 2022
Amy Cimetta
Vista Sotheby’s International Realty
(310) 428-8804
1 in this area
36 Total Sales
8214 Romaine St West Hollywood, CA 90046
Estimated Value: $2,284,000 - $2,865,000
6
Beds
4
Baths
5,386
Sq Ft
$462/Sq Ft
Est. Value
Highlights
- Property is near a park
- Spanish Architecture
- High Ceiling
- Wood Flooring
- Corner Lot
- Lawn
About This Home
As of July 2022This 1926 architectural beauty sits majestically on the corner of N La Jolla and Romaine Street in West Hollywood. The property consists of two buildings. The front facing building on N La Jolla (addresses 950 and 952 N La Jolla) consists of two 2 bedroom units with identical floorplans, one on the 1st floor and one on the 2nd floor. These units feel spacious with approximately 1,100 sq feet of living space. They each have a living room, dining room, and office. There is a laundry room off the kitchen, and two bedrooms that share a full bathroom. These units have hardwood floors, high cove ceilings, a ton of windows, balconies and outdoor spaces.
The back building, which faces Romaine Street, houses four 1 car garages (only one of which is included in a lease). Above the garages are two 1 bedroom units (8214 and 8216 Romaine St) that share only one wall. With approximately 850 sq ft, these units offer spacious living with an eat-in kitchen, and large living room and bedroom. These units also have hardwood floors and high ceilings. Lots of windows bring in great light. The back building has a storage room and “workshop” on the 1st floor that are currently being used by the owners. Between the buildings is a courtyard area shared by the tenants. All units are registered with West Hollywood RSO. This property offers immediate upside income potential; one of the 1 bedroom units is waiting to be remodeled and put on the market at current rents. This is an amazing opportunity to own an investment property in a great area of West Hollywood close to shops and restaurants.
Last Agent to Sell the Property
Vista Sotheby’s International Realty License #01774767 Listed on: 05/13/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $32,353
Year Built
- Built in 1926
Lot Details
- 6,550 Sq Ft Lot
- 1 Common Wall
- Corner Lot
- Lawn
Parking
- 4 Car Garage
- Parking Available
Home Design
- Spanish Architecture
- Property Attached
- Raised Foundation
- Slab Foundation
- Stucco
Interior Spaces
- 5,386 Sq Ft Home
- High Ceiling
- Living Room with Fireplace
- Home Office
- Wood Flooring
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Location
- Property is near a park
- Property is near public transit
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Wall Furnace
- Natural Gas Connected
Additional Features
- More Than Two Accessible Exits
- Balcony
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Legal Lot and Block 1 / G
- Tax Tract Number 5614
- Assessor Parcel Number 5529017001
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Electric Expense $267
- Gardener Expense $1,200
- Insurance Expense $10,950
- Other Expense $1,747
- Supplies Expense $705
- Trash Expense $1,004
- Water Sewer Expense $111
- Operating Expense $16,705
- Gross Income $119,528
- Net Operating Income $102,823
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 12, 2023
Sold by
Jalian Hrak Ray
Bought by
Hr Jalian Trust
Current Estimated Value
Purchase Details
Listed on
May 13, 2022
Closed on
Jun 15, 2022
Sold by
Eliash Noonan Living Trust
Bought by
Jalian Hrak Ray
Seller's Agent
Amy Cimetta
Vista Sotheby’s International Realty
Buyer's Agent
Jack Holwahjian
Huntington Group
List Price
$1,875,000
Sold Price
$2,450,000
Premium/Discount to List
$575,000
30.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.02%
Original Mortgage
$1,715,000
Interest Rate
5.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 26, 2015
Sold by
Eliash Bruce M
Bought by
The Eliash Noonan Living Trust
Purchase Details
Closed on
Dec 30, 2013
Sold by
Eliash Bruce M and Eliash Howard A
Bought by
Eliash Bruce M and Eliash Howard A
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hr Jalian Trust | -- | None Listed On Document | |
| Jalian Hrak Ray | $2,450,000 | Progressive Title | |
| The Eliash Noonan Living Trust | -- | None Available | |
| Eliash Bruce M | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Jalian Hrak Ray | $1,715,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/27/2022 07/27/22 | Sold | $2,450,000 | +30.7% | $455 / Sq Ft |
| 05/27/2022 05/27/22 | Pending | -- | -- | -- |
| 05/16/2022 05/16/22 | For Sale | $1,875,000 | -- | $348 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $32,353 | $2,548,980 | $2,080,800 | $468,180 |
| 2024 | $32,353 | $2,499,000 | $2,040,000 | $459,000 |
| 2023 | $31,661 | $2,450,000 | $2,000,000 | $450,000 |
| 2022 | $4,341 | $181,537 | $75,755 | $105,782 |
| 2021 | $4,252 | $177,978 | $74,270 | $103,708 |
| 2019 | $4,088 | $172,701 | $72,068 | $100,633 |
| 2018 | $3,911 | $169,315 | $70,655 | $98,660 |
| 2016 | $3,674 | $162,742 | $67,912 | $94,830 |
| 2015 | $3,638 | $160,298 | $66,892 | $93,406 |
| 2014 | $3,651 | $157,159 | $65,582 | $91,577 |
Source: Public Records
Agents Affiliated with this Home
-
Amy Cimetta
-
Jack Holwahjian
Buyer's Agent in 2022
Jack Holwahjian
Huntington Group
(818) 390-2508
2 in this area
67 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22100681
APN: 5529-017-001
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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