NOT LISTED FOR SALE

859 N Hoover St Unit 2 Los Angeles, CA 90029

East Hollywood Neighborhood

Estimated Value: $1,266,394 - $1,739,000

4 Beds
2 Baths
2,859 Sq Ft
$522/Sq Ft Est. Value

Last Sold February 18, 2015

Last sale price $672,000 $235 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $8,837/month

23 Days on Market

About This Home

As of February 2015

Do not miss this opportunity !! Three story Spanish offers two legal units and third unpermitted unit. Well maintained and lots of charm. Two units are very large 2 bedroom, 1 bath units, approx.. 1400 sq. ft. each, hardwood floors. Living rooms w/ faux fireplace, Formal Dining room, large eat in kitchen, laundry room. Unpermitted 2 bedroom, 2 bath unit on lower rear walkout level - Living room, Kitchen w/ dining area, laundry, all recently renovated. Unit has separate electric meter. All units are in great shape. Building has been lovingly maintained, new stucco and paint. 3-car garage plus off street parking. HUGE upside potential for rents ! Close to Sunset Junction and the Virgil corridor. Trust Sale, no court confirmation.

Last Agent to Sell the Property

Chris Abbott

Coldwell Banker Realty License #00982749 Listed on: 11/01/2014

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,446

Year Built

  • Built in 1926

Lot Details

  • 5,891

Interior Spaces

  • 2,859 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 3 Parking Spaces
  • 3 Covered Spaces

Additional Features

  • 5,891 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5539-012-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,446

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2859
  • Stories: 3
  • Year Built: 1926
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 243.09

Exterior Features

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

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Garage - 3 Car
  • Total Parking: 3

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 163212
  • Assessed Land Value: 279041
  • Assessor Parcel Number: 5539-012-016
  • Geocode Override: No
  • Lot Size Area: 5891

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2021
Sold by
Lenz Marian V
Bought by
Gilchrist John Austin
Current Estimated Value
$1,492,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,400
Outstanding Balance
$429,437
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,046,964

Purchase Details

Closed on
May 1, 2015
Sold by
Gilchrist John Austin N and Lenz Marian Valerie
Bought by
Marian Lenz Revocable Trust

Purchase Details

Listed on
Nov 1, 2014
Closed on
Feb 11, 2015
Sold by
Donnell Alice O and The Alice O Donnell Family Tru
Bought by
Gilchrist John Austin N and Lenz Marian Valerie
Seller's Agent
Chris Abbott
Coldwell Banker Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$695,000
Sold Price
$672,000
Premium/Discount to List
-$23,000
-3.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.71%
Original Mortgage
$533,650
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2013
Sold by
Odonnell Alice
Bought by
Odonnell Alice and Alice Odonnell Family Trust

Purchase Details

Closed on
Dec 12, 1979
Sold by
Saukaitis Michael I
Bought by
Scott W Stephen
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
Gilchrist John Austin -- Accommodation
Gilchrist John Austin -- Accommodation
Marian Lenz Revocable Trust -- None Available
Gilchrist John Austin N $672,000 Equity Title
Odonnell Alice -- None Available
Scott W Stephen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gilchrist John Austin $476,400
Closed Lenz Marian V $250,000
Closed Gilchrist John Austin N $533,650
Previous Owner Scott W Stephen $110,000
Previous Owner Scott W Stephen $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2015 02/18/15 Sold $672,000 -3.3% $235 / Sq Ft
11/24/2014 11/24/14 Pending -- -- --
11/01/2014 11/01/14 For Sale $695,000 -- $243 / 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 $11,446 $930,181 $605,730 $324,451
2024 $11,446 $911,943 $593,853 $318,090
2023 $11,229 $894,062 $582,209 $311,853
2022 $10,797 $876,533 $570,794 $305,739
2021 $10,650 $859,347 $559,602 $299,745
2020 $10,753 $850,536 $553,864 $296,672
2019 $10,338 $833,859 $543,004 $290,855
2018 $8,870 $709,809 $532,357 $177,452
2017 $8,679 $695,892 $521,919 $173,973
2016 $8,465 $682,248 $511,686 $170,562
2015 $5,711 $451,088 $284,616 $166,472
2014 $5,739 $442,253 $279,041 $163,212
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2015

    Chris Abbott

    Coldwell Banker Realty

  • S

    Buyer's Agent in 2015

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 14-806069

The MLS

APN: 5539-012-016

California Los Angeles County Los Angeles 90029 East Hollywood

859 N Hoover St Unit 2, Los Angeles, CA

This home is located at 859 N Hoover St Unit 2, Los Angeles, CA 90029 since 01 November 2014 and is currently estimated at $1,492,849, approximately $522 per square foot. This property was built in 1926. 859 N Hoover St Unit 2 is a home located in Los Angeles County with nearby schools including Lockwood Avenue Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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