NOT LISTED FOR SALE

9042 Phyllis Ave West Hollywood, CA 90069

Estimated Value: $2,249,000 - $2,661,000

5 Beds
5 Baths
3,996 Sq Ft
$630/Sq Ft Est. Value

Last Sold June 24, 2022

Last sale price $2,182,500 $546 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $16,086/month

14 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • No Heating
  • West Hollywood Elementary School Rated A-

About This Home

As of June 2022

Location, Location, Location Fantastic opportunity to invest in an income property. With approved construction plans and permits. Ready to complete construction, In the heart of West Hollywood/Beverly Hills. Centrally located off Doheny in the Norma Triangle on a quiet one way street. Front unit has been completely remodeled 3 beds, 2,5 ba, (sq ft 1,951) with large terrace, balcony, master bedroom walk-in closet, with luxurious bathroom. Middle unit not yet completed, with permits 2 bed 2 ba (sq ft 1,103) Basement Unit ADU not yet completed, with permits 1 bed 1 ba, (sq ft 481) Two car tandem parking on site driveway. Sold AS-IS.

Last Agent to Sell the Property

Cesar Zepe Ybarra

Coldwell Banker West License #01850330 Listed on: 12/17/2021

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,437

Year Built

  • Built in 1929

Lot Details

  • 4,326 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 3,996 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Additional Features

  • Laundry Room
  • Urban Location
  • No Heating

Listing and Financial Details

  • Tax Lot 1-349
  • Tax Tract Number 7005
  • Assessor Parcel Number 4340024022
  • $1,158 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $3,500
  • Trash Expense $1,440
  • New Taxes Expense $31,250
  • Operating Expense $52,990
  • Gross Income $210,000
  • Net Operating Income $157,010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,437

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.47
  • Improvements Amount: 805000
  • Price Per Unit: 925000
  • Property Attached: Yes
  • View: No
  • Zoning: WDR4
  • Property Type: Residential Income
  • Parcel Number: 4340024022
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Price Per Square Foot: 546.17

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: In Closet, Individual Room
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4326.00
  • Lot Size Acres: 0.0993

Multi Family

  • Gross Income: 210000.00
  • Gross Scheduled Income: 210000.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 4326.0000 Square Feet
  • Net Operating Income: 157010.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 16800.00
  • Rent Control: No
  • Total Expenses: 52990.00

Tax Info

  • New Taxes Expense: 31250.00
  • Tax Lot: 1-349
  • Tax Tract Number: 7005
  • TaxOtherAnnualAssessmentAmount: 1157.83

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2022
Sold by
Reiwa California Llc
Bought by
Ksm Housing V Llc
Current Estimated Value
$2,517,211

Purchase Details

Closed on
May 31, 2021
Sold by
Hirata Leticia Sato
Bought by
Reiwa California Llc

Purchase Details

Listed on
Mar 13, 2019
Closed on
Jun 4, 2019
Sold by
Niktash Pardisse Vahabzadeh and Niktash Reza F
Bought by
Hirata Leticia Sato
Seller's Agent
Renée Avedon
Sotheby's International Realty
Buyer's Agent
Cesar Zepe Ybarra
Coldwell Banker West
List Price
$1,675,000
Sold Price
$1,610,000
Premium/Discount to List
-$65,000
-3.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.12%

Purchase Details

Closed on
Nov 17, 2017
Sold by
Niktash Kareem
Bought by
Niktash Pardisse Vahabzadeh and Niktash Reza F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2017
Sold by
Niktash Pardisse Vahabzadeh
Bought by
Niktash Pardisse Vahabzadeh and Niktash Reza F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$730,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2005
Sold by
Niktash Reza Firooz
Bought by
Niktash Pardisse Vahabzadeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$776,250
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2005
Sold by
Booker Colin S
Bought by
Niktash Pardisse Vahabzadeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$776,250
Interest Rate
5.92%
Mortgage Type
New Conventional
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
Ksm Housing V Llc $2,182,490 California Title Company
Reiwa California Llc -- None Available
Hirata Leticia Sato $1,610,000 California Title Company
Niktash Pardisse Vahabzadeh -- North American Title
Niktash Pardisse Vahabzadeh -- North American Title
Niktash Pardisse Vahabzadeh -- California Title Company
Niktash Pardisse Vahabzadeh $1,035,000 California Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ksm Housing V Llc $1,815,000
Closed Ksm Housing V Llc $1,800,000
Previous Owner Niktash Pardisse Vahabzadeh $730,000
Previous Owner Niktash Pardisse Vahabzadeh $776,250
Previous Owner Booker Colin S $200,000
Previous Owner Booker Colin S $250,000
Previous Owner Booker Colin S $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2022 06/24/22 Sold $2,182,500 -21.4% $546 / Sq Ft
12/31/2021 12/31/21 Pending -- -- --
12/17/2021 12/17/21 For Sale $2,775,000 +72.4% $694 / Sq Ft
06/10/2019 06/10/19 Sold $1,610,000 +0.7% $635 / Sq Ft
06/05/2019 06/05/19 Pending -- -- --
05/02/2019 05/02/19 Price Changed $1,599,000 -4.5% $631 / Sq Ft
03/13/2019 03/13/19 For Sale $1,675,000 -- $661 / 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 $28,437 $2,316,085 $1,573,240 $742,845
2024 $28,437 $2,270,673 $1,542,393 $728,280
2023 $27,867 $2,226,150 $1,512,150 $714,000
2022 $20,762 $1,692,395 $1,051,178 $641,217
2021 $20,413 $1,659,212 $1,030,567 $628,645
2020 $20,583 $1,642,200 $1,020,000 $622,200
2019 $1,797 $1,456,773 $874,691 $582,082
2018 $17,786 $1,428,210 $857,541 $570,669
2017 $17,426 $1,400,207 $840,727 $559,480
2016 $17,040 $1,372,753 $824,243 $548,510
2015 $16,775 $1,352,134 $811,863 $540,271
2014 $16,760 $1,325,648 $795,960 $529,688
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2108502

California Regional Multiple Listing Service (CRMLS)

APN: 4340-024-022