NOT LISTED FOR SALE

8979 Keith Ave West Hollywood, CA 90069

Estimated Value: $1,730,000 - $2,108,312

2 Beds
2 Baths
1,222 Sq Ft
$1,533/Sq Ft Est. Value

Last Sold June 28, 2018

Last sale price $1,470,000 $1,203 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $11,548/month

60 Days on Market

Highlights

  • 2 Car Garage
  • 1-Story Property
  • 5-minute walk to West Hollywood Park
  • West Hollywood Elementary School Rated A-

About This Home

As of June 2018

Beyond a hedge and pedestrian gate, up a short flight of stairs, a porch provides the sheltered entryway for the 2 units (1 bed/bath each) of this charming 1920s duplex in West Hollywood. Located in the coveted Norma Triangle neighborhood, light filled living areas lead to ample kitchens, handsome bedrooms and vintage bathrooms. Utility/laundry area/mud rooms, and closets reflect the well designed original layout of the period in which it was built. This incredible and rare investment opportunity for an owner-user, investor or developer, is just steps away from the Pavilions grocery store, and a short walk from popular bars, restaurants and shops. It features a long driveway and garage with ample room for off street parking. Impeccably maintained, a new roof was installed in 2017. The massive lot has a large and private low maintenance backyard that is perfect for entertaining.

Last Agent to Sell the Property

Kirk Hawkins

First Team Real Estate License #01996101 Listed on: 03/19/2018

Last Buyer's Agent

Kirk Hawkins

First Team Real Estate License #01996101 Listed on: 03/19/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,693

Year Built

  • Built in 1924

Lot Details

  • 6,217 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 1,222 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Car Garage
  • Driveway

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4340-015-010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,693

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1222
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 1300.33

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway - Concrete, Garage
  • Total Parking: 2

Lot Info

  • Assessed Improvement Value: 105430
  • Assessed Land Value: 494073
  • Assessor Parcel Number: 4340-015-010
  • Geocode Override: No
  • Lot Size Area: 6217

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: DUPLEX
  • Vacancy Rate: 50%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2018
Closed on
May 29, 2018
Sold by
Meilich Kent
Bought by
Salazar Mark and Yardley John
Seller's Agent
Kirk Hawkins
First Team Real Estate
Buyer's Agent
Kirk Hawkins
First Team Real Estate
List Price
$1,799,000
Sold Price
$1,470,000
Premium/Discount to List
-$329,000
-18.29%
Current Estimated Value
$1,873,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,078
Avg. Annual Appreciation
3.36%
Original Mortgage
$1,029,000
Outstanding Balance
$874,331
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$998,747

Purchase Details

Closed on
Apr 2, 2003
Sold by
Story Ralph
Bought by
Meilich Kent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,300
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 1999
Sold by
Distefano Anthony
Bought by
Story Ralph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,900
Interest Rate
7.66%

Purchase Details

Closed on
Jul 30, 1998
Sold by
Gertrude M Johnson Trust and Valerie
Bought by
Distefano Anthony
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
Salazar Mark $1,470,000 First American Title Company
Meilich Kent -- Chicago Title Co
Story Ralph $340,000 Old Republic Title Company
Distefano Anthony $200,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salazar Mark $1,029,000
Previous Owner Meilich Kent $309,300
Previous Owner Story Ralph $305,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2018 06/28/18 Sold $1,470,000 -7.5% $1,203 / Sq Ft
05/18/2018 05/18/18 Pending -- -- --
05/08/2018 05/08/18 Price Changed $1,589,000 -6.5% $1,300 / Sq Ft
04/02/2018 04/02/18 Price Changed $1,699,000 -5.6% $1,390 / Sq Ft
03/19/2018 03/19/18 For Sale $1,799,000 -- $1,472 / 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 $20,693 $1,672,603 $1,194,718 $477,885
2024 $20,693 $1,639,808 $1,171,293 $468,515
2023 $20,260 $1,607,656 $1,148,327 $459,329
2022 $19,170 $1,576,134 $1,125,811 $450,323
2021 $18,957 $1,545,231 $1,103,737 $441,494
2019 $18,313 $1,499,400 $1,071,000 $428,400
2018 $8,130 $611,492 $503,954 $107,538
2016 $7,796 $587,749 $484,386 $103,363
2015 $7,680 $578,922 $477,111 $101,811
2014 $7,681 $567,583 $467,766 $99,817
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-324634

The MLS

APN: 4340-015-010