NOT LISTED FOR SALE

Estimated Value: $988,000

8 Beds
4 Baths
2,816 Sq Ft
$351/Sq Ft Est. Value

Last Sold October 31, 2019

Last sale price $1,100,000 $391 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $6,247/month

43 Days on Market

Highlights

  • Spanish Architecture
  • Laundry Facilities
  • 4-minute walk to Lemon Grove Recreation Center
  • STEM Academy at Bernstein High Rated A-

About This Home

As of October 2019

In fast appreciating East Hollywood, this Classic 2 story 1925 Spanish style building is a smart investment and ready for it's makeover. Property boarded up since April 2019. The four townhouse style apartments have front and rear entrances allowing for creative indoor/outdoor use. Take advantage of the mature drought tolerant plants that already surround the property and make use of the two car garage with a separate bonus workroom. Awesome opportunity for an owner user looking for a smart way to buy property, a quick fix and flip, or as an addition to any Real Estate portfolio. PROJECTED rents total $10,000+ month. With a walk score of 81 it's a perfect investment to attract tenants looking for a pedestrian friendly location. This is the investment you've been waiting for. Sold as is w/ no repairs or credits given. R3 lot with TOC,Tier 2 designation. LADBS shows buildings measure 2816 sqft. Buyer to verify all info.

Last Agent to Sell the Property

Ruben Rivera

Open Air Real Estate Inc. License #01331892 Listed on: 07/10/2019

Last Buyer's Agent

Daniel Lewin

Younglewin Advisors, Inc. License #01932742

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,433

Year Built

  • Built in 1925

Lot Details

  • 5,191 Sq Ft Lot

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • Driveway

Home Design

  • Duplex
  • Spanish Architecture

Interior Spaces

  • 2,816 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 5537-025-019

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,433

Year Built

Built in 1925

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Advertising Remarks: (Subject To Cancellation of Previous Escrow.) In fast appreciating East Hollywood, this Classic 2 story 1925 Spanish style building is a smart investment and ready for it's makeover. Property boarded up since April 2019. The four townhouse style apartments have front and rear entrances allowing for creative indoor/outdoor use. Take advantage of the mature drought tolerant plants that already surround the property and make use of the two car garage with a separate bonus workroom. Awesome opportunity for an owner user looking for a smart way to buy property, a quick fix and flip, or as an addition to any Real Estate portfolio. PROJECTED rents total $10,000+ month. With a walk score of 81 it's a perfect investment to attract tenants looking for a pedestrian friendly location. This is the investment you've been waiting for. Sold as is with no repairs or credits given. R3 lot with TOC,Tier 2 designation. LADBS shows buildings measure 2816 sqft. Buyer to verify all info. Offers due July 22nd at 12pm.
  • Living Area: 2816
  • Stories: 2
  • Year Built: 1925
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator, Vented Exhaust Fan
  • Price Per S Q F T: 390.63

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Carport Spaces: 2
  • Garage Spaces: 2
  • Garage Structures: 1
  • Parking Garage: Driveway, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Wall Unit(s)

Lot Info

  • Assessed Improvement Value: 199662
  • Assessed Land Value: 249581
  • Assessor Parcel Number: 5537-025-019
  • Geocode Override: No
  • Lot Size Area: 5191

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Duplexes
  • Vacancy Rate: 100%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2021
Sold by
9000 Ardmore Llc
Bought by
900 Ardmore Lc
Current Estimated Value
$988,000

Purchase Details

Closed on
Aug 17, 2021
Sold by
900 Ardmore Llc
Bought by
900 Ardmore Llc

Purchase Details

Closed on
Oct 1, 2018
Sold by
Diagne Abdoulaye and Mahmoudi Fatemah
Bought by
900 Ardmore Llc

Purchase Details

Closed on
Aug 25, 2004
Sold by
Diagnes Corp
Bought by
Diagne Abdoulaye and Mahmoudi Fatemeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.41%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 29, 2003
Sold by
Diagne Abdoulaye and Mahmoudi Fatemeh
Bought by
Diagne Corp

Purchase Details

Closed on
May 15, 2003
Sold by
Hart Heidi
Bought by
Diagne Abdoulaye and Mahmoudi Fateheh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 23, 2002
Sold by
Hermes Joseph H and Hermes Janet R
Bought by
Hart Heidi
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
900 Ardmore Lc -- None Available
900 Ardmore Llc -- None Available
900 Ardmore Llc $1,100,000 Equity Title Company
Diagne Abdoulaye -- Gateway Title Company
Diagne Corp -- --
Diagne Abdoulaye $360,000 Fidelity
Hart Heidi $58,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Diagne Abdoulaye $420,000
Previous Owner Diagne Abdoulaye $276,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2019 10/31/19 Sold $1,100,000 0.0% $391 / Sq Ft
08/22/2019 08/22/19 Pending -- -- --
07/10/2019 07/10/19 For Sale $1,100,000 -- $391 / 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
2021 $13,433 $1,111,395 $777,977 $333,418
2020 $13,568 $1,100,500 $770,000 $330,500
2019 $5,856 $467,891 $259,663 $208,228
2018 $5,782 $458,727 $254,572 $204,155
2016 $5,505 $440,436 $244,688 $195,748
2015 $5,427 $433,821 $241,013 $192,808
2014 $5,469 $425,324 $236,292 $189,032
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-484164

The MLS

APN: 5537-025-019