NOT LISTED FOR SALE

877 Hyperion Ave Los Angeles, CA 90029

Estimated Value: $1,195,000 - $2,593,000

4 Beds
4 Baths
3,228 Sq Ft
$635/Sq Ft Est. Value

Last Sold November 09, 2017

Last sale price $1,525,000 $472 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $12,910/month

96 Days on Market

Highlights

  • Private Yard
  • John Marshall Senior High Rated A
  • Laundry Room

About This Home

As of November 2017

A site to cherish! You can be swept away by the beautiful scenic views overlooking Hollywood. Located on a great quiet neighborhood of Silver Lake with pride ownership all around. This magnificent well kept 3,228 Square Feet Spanish style property boast character, location, and breathtaking views. You can enjoy the best of locations and the income is just another plus for this easy to maintain four unit. Property consist of 2 large 1,000 square feet 1 bedroom units with wooden beams, hardwood floors, and great views. This property has 2 smaller 1 bedroom units with a great layout and character, the 2 smaller units are about 620 SQ FT each. There is a bonus storage area and a common laundry room that consist of about 500 square feet which can be incorporated into one of the large units. A must see property!

Two of the front units are large 1 bedrooms which are about 1000 Sqft and can be converted as a 2 bedroom. Two of the smaller units are about 620 sqft. Title shows 6 bedrooms but there are only 1 bedrooms each.

Last Agent to Sell the Property

Marc Orillo

West Coast Realty Group License #01348842 Listed on: 07/11/2017

Last Buyer's Agent

Rich Johns

KW Commercial Studio City License #01432215

KW Commercial Studio City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,977

Year Built

  • Built in 1924

Lot Details

  • 6,805 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard
  • Garden
  • Front Yard

Home Design

  • 3,228 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 5427008014

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Trash Expense $200
  • Water Sewer Expense $1,800
  • Operating Expense $2,720
  • Gross Income $75,149
  • Net Operating Income $72,429

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,977

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Water Sewer Expenses: 1800.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5427008014
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 472.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, Gas & Electric Dryer Hookup, Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Lot 6500-9999, Yard
  • Lot Size Sq Ft: 6805.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 75149.00
  • Gross Scheduled Income: 75149.00
  • Net Operating Income: 72429.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 2720.00
  • Rent Control: Yes
  • Total Expenses: 2720.00

Tax Info

  • Tax Census Tract: 1959.01
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2021
Sold by
Johns Richard and Johns Elaine
Bought by
Johns Richard Raymond and Johns Elaine Cecile
Current Estimated Value
$2,048,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Outstanding Balance
$905,875
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$1,192,973

Purchase Details

Closed on
Apr 23, 2021
Sold by
Johns Richard Raymond and Johns Elaine Cecile
Bought by
Johns Richard and Johns Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,000
Outstanding Balance
$905,875
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$1,192,973

Purchase Details

Closed on
Jan 31, 2021
Sold by
Freestone Endeavors Llc
Bought by
Johns Richard and Johns Elaine

Purchase Details

Listed on
Jul 11, 2017
Closed on
Oct 30, 2017
Sold by
Rand George
Bought by
Freestone Endeavors Llc
Seller's Agent
Marc Orillo
West Coast Realty Group
Buyer's Agent
Rich Johns
KW Commercial Studio City
List Price
$1,500,000
Sold Price
$1,525,000
Premium/Discount to List
$25,000
1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.19%
Original Mortgage
$1,040,812
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 6, 2003
Sold by
Li Ma
Bought by
Rand George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
5.89%

Purchase Details

Closed on
May 10, 1995
Sold by
Grebe Hubert H and Brown Ursula T
Bought by
Rand George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6.5%
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
Johns Richard Raymond -- Provident Title Company
Johns Richard -- Old Republic Title
Johns Richard -- Provident Title Company
Freestone Endeavors Llc $1,525,000 Provident Title Company
Rand George -- First American Title Co
Rand George $265,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johns Richard Raymond $999,000
Previous Owner Freestone Endeavors Llc $1,040,812
Previous Owner Rand George $384,000
Previous Owner Rand George $396,750
Previous Owner Rand George $400,000
Previous Owner Rand George $255,000
Previous Owner Rand George $217,000
Previous Owner Rand George $212,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2017 11/09/17 Sold $1,525,000 +1.7% $472 / Sq Ft
10/17/2017 10/17/17 Price Changed $1,500,000 0.0% $465 / Sq Ft
10/15/2017 10/15/17 Pending -- -- --
07/28/2017 07/28/17 For Sale $1,500,000 -1.6% $465 / Sq Ft
07/26/2017 07/26/17 Off Market $1,525,000 -- --
07/11/2017 07/11/17 For Sale $1,500,000 -- $465 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $20,977 $1,735,184 $1,251,610 $483,574
2024 $20,977 $1,701,162 $1,227,069 $474,093
2023 $20,571 $1,667,807 $1,203,009 $464,798
2022 $19,617 $1,635,106 $1,179,421 $455,685
2021 $19,375 $1,603,046 $1,156,296 $446,750
2020 $19,572 $1,587,150 $1,144,440 $442,710
2019 $18,797 $1,556,040 $1,122,000 $434,040
2018 $18,676 $1,525,540 $1,100,000 $425,540
2017 $5,008 $383,509 $246,029 $137,480
2016 $4,865 $375,990 $241,205 $134,785
2015 $4,799 $370,343 $237,582 $132,761
2014 $4,840 $363,090 $232,929 $130,161
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB17157598

California Regional Multiple Listing Service (CRMLS)

APN: 5427-008-014