NOT LISTED FOR SALE

Estimated Value: $1,297,000 - $2,264,189

5 Beds
4 Baths
3,280 Sq Ft
$544/Sq Ft Est. Value

Last Sold March 15, 2017

Last sale price $1,420,000 $433 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $11,163/month

51 Days on Market

About This Home

As of March 2017

Rare opportunity to purchase a charming 1920's Spanish style Quadruplex ideally situated adjacent to Hancock Park, Hollywood and West Hollywood. -One unit currently rented month-month. -A short walk to the vibrant retail and restaurants on Melrose, the new Sprouts, Burke Williams, WeWork, West Hollywood Gateway, Target and Best Buy. -Excellent Investment, Owner/User or Development opportunity. -Parking: 4 - each unit has a private garage plus more in the courtyard and driveway. -Washer & dryer hookups for each unit. -Walk Score: 92

Last Agent to Sell the Property

Kay Sasatomi, CCIM

NAI Capital Commercial Inc. License #01824653 Listed on: 01/04/2017

NAI Capital Commercial Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,939

Year Built

  • Built in 1927

Lot Details

  • 7,425 Sq Ft Lot

Home Design

  • 3,280 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Driveway

Utilities

  • Window Unit Cooling System
  • Radiant Heating System

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5525-006-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,939

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3280
  • Year Built: 1927
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Alarm System, Dryer, Washer
  • Price Per S Q F T: 472.56

Exterior Features

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

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Driveway, Private Garage
  • Total Parking: 4

Utilities

  • Cooling: Window Unit(s)
  • Heating: Radiant
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 39862
  • Assessed Land Value: 45123
  • Assessor Parcel Number: 5525-006-006
  • Geocode Override: No
  • Lot Size Area: 7425

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 15.46
  • Number Of Units: 4
  • Total Annual Expense: 32994
  • Type Of Units: 4 Units
  • Vacancy Rate: 75

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2017
Closed on
Mar 2, 2017
Sold by
Jancic Herman and Trust Of Herman & Olga Jancic
Bought by
Luo Wilbur L and Luo June K
Seller's Agent
Kay Sasatomi, CCIM
NAI Capital Commercial Inc.
List Price
$1,700,000
Sold Price
$1,420,000
Premium/Discount to List
-$280,000
-16.47%
Current Estimated Value
$1,783,297

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,297
Avg. Annual Appreciation
3.16%
Original Mortgage
$993,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2002
Sold by
Jancie Herman and Jancie Olga
Bought by
Jancie Herman and Jancie Olga

Purchase Details

Closed on
Dec 7, 2001
Sold by
Jancic Herman and Jancic Olga
Bought by
Jancic Herman and Jancic Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,850
Interest Rate
7.13%

Purchase Details

Closed on
Apr 22, 1994
Sold by
Jancic Herman and Jancic Olga
Bought by
Jancic Herman and Jancic Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.79%

Purchase Details

Closed on
Apr 22, 1993
Sold by
Jancic Herman and Jancic Olga
Bought by
Jancic Herman and Jancic Olga
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
Luo Wilbur L $1,420,000 Stewart Title
Jancie Herman -- --
Jancic Herman -- Southland Title Corporation
Jancic Herman -- Southland Title Company
Jancic Herman -- Stewart Title
Jancic Herman -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luo Wilbur L $942,000
Closed Luo Wilbur L $993,000
Previous Owner Jancic Herman $605,500
Previous Owner Jancic Herman $181,850
Previous Owner Jancic Herman $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2017 03/15/17 Sold $1,420,000 -8.4% $433 / Sq Ft
02/01/2017 02/01/17 Price Changed $1,550,000 -8.8% $473 / Sq Ft
01/04/2017 01/04/17 For Sale $1,700,000 -- $518 / 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 $19,939 $1,648,026 $1,183,794 $464,232
2024 $19,939 $1,615,713 $1,160,583 $455,130
2023 $19,558 $1,584,033 $1,137,827 $446,206
2022 $18,657 $1,552,974 $1,115,517 $437,457
2021 $18,422 $1,522,525 $1,093,645 $428,880
2019 $17,874 $1,477,368 $1,061,208 $416,160
2018 $17,776 $1,448,400 $1,040,400 $408,000
2016 $1,333 $84,985 $45,123 $39,862
2015 $1,318 $83,710 $44,446 $39,264
2014 $1,351 $82,071 $43,576 $38,495
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-190078

The MLS

APN: 5525-006-006