NOT LISTED FOR SALE

Estimated Value: $1,066,000 - $2,110,000

4 Beds
4 Baths
3,868 Sq Ft
$438/Sq Ft Est. Value

Last Sold October 08, 2013

Last sale price $840,000 $217 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $10,219/month

About This Home

As of October 2013

WONDERFUL TROPHY 4PLEX IN HISTORIC MELROSE HILL AREA. LARGE BRIGHT ONE BEDROOM UNITS W/FORMAL DINING ROOM. ALL UNITS HAVE WOOD FLOORS, FRENCH DOORS, WALK-IN CLOSETS. COMPLETELY REHABBED WITH MARKET RENTS! NEW DUAL PANE WINDOWS, NEW PAINT, FOUNDATION, TOO MANY TO LIST. 4 SEPARATE DETACHED GARAGES. LOCATION CLOSE TO EVERYTHING. HOLLYWOOD IS HOT RIGHT NOW AND THE RENTS KEEP RISING. TURN-KEY INVESTMENT. JUST SIT BACK, RELAX, AND COLLECT THE RENTS. DO NOT LET THIS ONE PASS YOU BY!

Last Agent to Sell the Property

Talwinder Rana

On It Realty License #01845864 Listed on: 08/21/2013

Last Buyer's Agent

Talwinder Rana

On It Realty License #01845864 Listed on: 08/21/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,722

Year Built

  • Built in 1922

Lot Details

  • 5,543

Parking

  • 4 Car Garage
  • Assigned Parking

Home Design

  • 3,868 Sq Ft Home
  • Quadruplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Additional Features

  • Dishwasher
  • 5,543 Sq Ft Lot

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5535-027-011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,722

Year Built

Built in 1922

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3868
  • Year Built: 1922
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Dishwasher
  • Price Per S Q F T: 226.22

Exterior Features

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

Garage/Parking

  • Garage Spaces: 4
  • Garage Structures: 4
  • Parking Garage: Assigned
  • Total Parking: 4

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Water Expense: 1200.00

Fee Information

  • Insurance Expense: 1800.00
  • Management Expense: 2808.00

Lot Info

  • Assessed Improvement Value: 172300
  • Assessed Land Value: 477700
  • Assessor Parcel Number: 5535-027-011
  • Geocode Override: No
  • Lot Size Area: 5543

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 11.39
  • Number Of Units: 4
  • Total Annual Expense: 17525
  • Type Of Units: 4plex
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 10937.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2016
Sold by
Chang Jason and Chang Julie M
Bought by
Chang Jason and Chang Julie M
Current Estimated Value
$1,693,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 21, 2013
Closed on
Sep 20, 2013
Sold by
Rana Talwinder
Bought by
Chang Jason and Chang Julie
Seller's Agent
Talwinder Rana
On It Realty
Buyer's Agent
Talwinder Rana
On It Realty
List Price
$875,000
Sold Price
$840,000
Premium/Discount to List
-$35,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.36%
Original Mortgage
$630,000
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2010
Sold by
Wilshire Republic Revocable Living Trust
Bought by
Rana Talwinder

Purchase Details

Closed on
Aug 11, 2010
Sold by
Lexington Gardens Revocable Living Trust
Bought by
Rana Talwinder

Purchase Details

Closed on
Jan 31, 2006
Sold by
Bamps Benjamin
Bought by
Rana Talwinder and Rana Lakhwinder

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2005
Sold by
Boulgourjian Annette
Bought by
Bamps Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2004
Sold by
Pham Khoi and Camacho Anna
Bought by
Boulgourjian Annette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2003
Sold by
Portillo Richard J
Bought by
Pham Khoi and Camacho Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$379,800
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 20, 1999
Sold by
Hud
Bought by
Portillo Richard J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,330
Interest Rate
6.73%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 9, 1998
Sold by
Moore Earle Leroy
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Apr 2, 1998
Sold by
Countrywide Home Loans Inc
Bought by
Va

Purchase Details

Closed on
Aug 15, 1996
Sold by
Moore Earle Leroy
Bought by
Hawkins Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000
Interest Rate
8.42%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 26, 1995
Sold by
Brownfeld Jack and Brownfield Oletha
Bought by
Moore Earle Leroy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,700
Interest Rate
8.9%
Mortgage Type
Assumption

Purchase Details

Closed on
Jul 26, 1994
Sold by
Sanwa Bank Of California
Bought by
Brownfield Jack and Brownfield Oletha

Purchase Details

Closed on
Aug 19, 1993
Sold by
Dunbar Cherryl C
Bought by
Sanwa Bank California and Living Trust Of Cherryl Dunbar
Source: Public Records

Range of Values:

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Average Value
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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
Chang Jason -- Lawyers Title La
Chang Jason $840,000 Lsi
Rana Talwinder -- None Available
Rana Talwinder -- None Available
Rana Talwinder $950,000 Old Republic Title Company
Bamps Benjamin $828,500 California Title Company
Boulgourjian Annette $715,000 Chicago Title Company
Pham Khoi $475,000 Southland Title
Portillo Richard J $191,500 United Title Company
Countrywide Home Loans Inc $188,406 Landsafe Title
Va -- Landsafe Title
Hawkins Margaret $9,500 Southland Title Corporation
Moore Earle Leroy $190,000 Equity Title
Brownfield Jack -- --
Sanwa Bank California -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chang Jason H $250,000
Open Chang Jason $952,000
Closed Chang Jason $938,000
Closed Chang Jason $934,600
Closed Chang Jason $770,000
Closed Chang Jason $665,000
Closed Chang Jason $620,000
Closed Chang Jason $630,000
Previous Owner Rana Talwinder $920,000
Previous Owner Rana Talwinder $115,000
Previous Owner Rana Talwinder $760,000
Previous Owner Bamps Benjamin $650,000
Previous Owner Boulgourjian Annette $500,000
Previous Owner Pham Khoi $379,800
Previous Owner Portillo Richard J $22,500
Previous Owner Portillo Richard J $191,330
Previous Owner Hawkins Margaret $3,000
Previous Owner Moore Earle Leroy $195,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2013 10/08/13 Sold $840,000 -4.0% $217 / Sq Ft
08/21/2013 08/21/13 Pending -- -- --
08/21/2013 08/21/13 For Sale $875,000 -- $226 / 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 $12,722 $1,029,715 $858,100 $171,615
2024 $12,722 $1,009,525 $841,275 $168,250
2023 $12,482 $989,731 $824,780 $164,951
2022 $11,910 $970,325 $808,608 $161,717
2021 $11,745 $951,300 $792,753 $158,547
2019 $11,397 $923,087 $769,241 $153,846
2018 $11,281 $904,988 $754,158 $150,830
2016 $10,762 $869,848 $724,874 $144,974
2015 $10,607 $856,783 $713,986 $142,797
2014 $10,662 $840,000 $700,000 $140,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-698289

The MLS

APN: 5535-027-011