NOT LISTED FOR SALE

8965 Cynthia St West Hollywood, CA 90069

Estimated Value: $1,739,000 - $3,837,745

8 Beds
8 Baths
4,934 Sq Ft
$575/Sq Ft Est. Value

Last Sold January 01, 2013

Last sale price $1,575,000 $319 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $17,011/month

39 Days on Market

Highlights

  • Central Heating
  • Wood Siding
  • Carpet
  • West Hollywood Elementary School Rated A-

About This Home

As of January 2013

Location, Location, Location! Huge West Hollywood 4 plex! Located in the Norma Triangle! Walk to everywhere! Oversized 2 bed & 2 bath units are over 1,200 sq. ft. each. Rents are 2,100 & 2,100 & 2,026 & 1,955. Each unit has 2 car parking.

Last Agent to Sell the Property

George Paul

Premier Realty Associates License #01875406 Listed on: 10/01/2012

Last Buyer's Agent

Sy Schaffel

The Schaffel Group License #00842890

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 4,433

Home Design

  • 4,934 Sq Ft Home
  • Split Level Home
  • Wood Siding
  • Stucco

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • 8 Carport Spaces

Additional Features

  • 4,433 Sq Ft Lot
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 6
  • Tax Tract Number 20
  • Assessor Parcel Number 4340005019

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $900
  • Gardener Expense $960
  • Insurance Expense $3,230
  • Trash Expense $1,440
  • Water Sewer Expense $1,200
  • New Taxes Expense $19,988
  • Gross Income $8,281
  • Net Operating Income $70,752

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.42
  • View: No
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 4340005019
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Appliances: No
  • Levels: Multi/Split
  • Price Per Square Foot: 319.21

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 8.00
  • Parking: No
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Trash Expense: 1440.00

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 4433.00
  • Lot Size Acres: 0.1020

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Average2 Bed Area: 1233
  • Electric Expense: 900.00
  • Gross Income: 8281.00
  • Gross Multiplier: 16.09
  • Gross Scheduled Income: 99372.00
  • Gross Spendable Income: 4836.00
  • Insurance Expense: 3230.00
  • Laundry Equipment Own Lease: Own
  • Net Operating Income: 70752.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 28620.00

Tax Info

  • New Taxes Expense: 19988.00
  • Tax Area: 1349
  • Tax Lot: 6
  • Tax Tract Number: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2016
Sold by
Daneshgar Shahriar and Daneshgar Ladan
Bought by
Cynthia 8965 Llc
Current Estimated Value
$2,835,582

Purchase Details

Listed on
Oct 1, 2012
Closed on
Jan 9, 2013
Sold by
Pesho Amalija and Pesho Family Trust
Bought by
Daneshgar Shahriar and Daneshgar Ladan
Seller's Agent
George Paul
Premier Realty Associates
Buyer's Agent
Sy Schaffel
The Schaffel Group
List Price
$1,599,000
Sold Price
$1,575,000
Premium/Discount to List
-$24,000
-1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.65%
Original Mortgage
$1,000,000
Interest Rate
3.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2003
Sold by
Pesho Steve and Pesho Amalija
Bought by
Pesho Steve and Pesho Amalija
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cynthia 8965 Llc -- None Available
Daneshgar Shahriar -- North American Title
Pesho Steve -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Daneshgar Shahriar $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/01/2013 01/01/13 Sold $1,575,000 -1.5% $319 / Sq Ft
11/09/2012 11/09/12 Pending -- -- --
10/01/2012 10/01/12 For Sale $1,599,000 -- $324 / 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 $25,150 $1,939,488 $1,354,565 $584,923
2024 $25,150 $1,901,459 $1,328,005 $573,454
2023 $24,587 $1,864,176 $1,301,966 $562,210
2022 $23,229 $1,827,625 $1,276,438 $551,187
2021 $22,951 $1,791,790 $1,251,410 $540,380
2019 $22,165 $1,738,647 $1,214,294 $524,353
2018 $38,329 $3,100,800 $2,652,000 $448,800
2016 $21,019 $1,638,369 $1,144,258 $494,111
2015 $20,701 $1,613,760 $1,127,071 $486,689
2014 $20,689 $1,582,150 $1,104,994 $477,156
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: Y1205166

California Regional Multiple Listing Service (CRMLS)

APN: 4340-005-019