NOT LISTED FOR SALE

Estimated Value: $1,778,000 - $3,759,007

15 Beds
16 Baths
7,642 Sq Ft
$347/Sq Ft Est. Value

Last Sold December 14, 2018

Last sale price $2,600,000 $340 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $16,265/month

37 Days on Market

Highlights

  • Newly Remodeled
  • City Lights View
  • Modern Architecture
  • STEM Academy at Bernstein High Rated A-
  • Green Roof
  • No HOA

About This Home

As of December 2018

Situated in a HOT LOCATION by Hollywood resides this newer built 2018 modern townhome in a peaceful neighborhood. The home features beautiful wood laminate flooring, LED lighting, quartz countertops, tile flooring, and several appliances. The spacious front yard welcomes you to the main entry. The first floor is extremely practical as there are 2 suites, both with full bathrooms. One of the rooms can even be used as an office space or living room. Floor 2 flaunts a spacious open concept living and dining room that connects to the gourmet kitchen. A powder room and laundry room with both washer and dryer are also present. The upgraded windows throughout the home provide ample great natural lighting. The third floor has another 2 master full suites with their own full bathrooms. Third-floor bedrooms feature gorgeous views of the Hollywood Sign and Griffith Observatory. There are 2 private covered parking spaces in the rear of the complex that is code-automatically gated. The place can come empty OR furnished with beds since the landlords are generous, flexible individuals. This home’s hot convenient location is a short distance to local restaurants, groceries, banks, Sunset Blvd, easy access to the 101 freeway, and so much more! Come check out this gem today and make it yours!

Last Agent to Sell the Property

Seth Hamilton

Citivest Realty Services, Inc License #01897619 Listed on: 09/10/2018

Last Buyer's Agent

Casey Morrisey

Derrick Paine, Broker License #01254207

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,840

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 6,076 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Fenced
  • New Fence
  • Rectangular Lot
  • Paved or Partially Paved Lot

Home Design

  • Quadruplex
  • Modern Architecture
  • Turnkey
  • Slab Foundation
  • Bitumen Roof
  • HardiePlank Type
  • Stucco

Interior Spaces

  • 7,642 Sq Ft Home
  • 3-Story Property
  • Recessed Lighting
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • City Lights Views
  • Laundry Room

Kitchen

  • Six Burner Stove
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 16 Bathrooms
  • Low Flow Plumbing Fixtures

Parking

  • 2 Open Parking Spaces
  • 8 Parking Spaces
  • 6 Attached Carport Spaces
  • Parking Available
  • Automatic Gate
  • Assigned Parking

Eco-Friendly Details

  • Green Roof
  • ENERGY STAR Qualified Appliances
  • Energy-Efficient Construction
  • Energy-Efficient HVAC
  • Energy-Efficient Lighting
  • Energy-Efficient Insulation
  • Reclaimed Water Irrigation System
  • Drip System Landscaping

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, telephone, trash collection, water
  • Legal Lot and Block 15 / 873
  • Tax Tract Number 873
  • Assessor Parcel Number 5535005023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $318
  • Gardener Expense $300
  • Insurance Expense $2,342
  • Maintenance Expense $2,600
  • Professional Management Expense $4,200
  • Water Sewer Expense $200
  • New Taxes Expense $34,817
  • Operating Expense $46,180
  • Gross Income $184,800
  • Net Operating Income $135,379

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,840

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Listing Details

  • CapRate: 5.00
  • Price Per Unit: 674750
  • Professional Management Expense: 4200.00
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate
  • View: Yes
  • Water Sewer Expenses: 200.00
  • Zoning: LARD1.5
  • Architectural Style: Modern
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 300.00
  • Parcel Number: 5535005023
  • Year Built: 2018
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Recessed Lighting
  • Stories: 3
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 340.23
  • Room Type: Laundry
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows

Exterior Features

  • Foundation: Slab
  • View: City Lights
  • Fence: Yes
  • Fencing: New Condition
  • Pool Private: No
  • Roof: Bitumen
  • Spa: No
  • Construction Materials: Hardiplank Type, Stucco

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, ENERGY STAR Qualified Appliances
  • Electric: Electricity - On Property, Standard
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Green Features

  • Green Water Conservation: Flow Control, Reclamation, Water-Smart Landscaping
  • Efficiency: Appliances, Construction, HVAC, Insulation, Lighting, Roof, Windows

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Paved, Sprinklers Drip System
  • Lot Size Sq Ft: 6076.00
  • Lot Size Acres: 0.1395

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Telephone, Trash Collection, Water

Multi Family

  • Average3 Bed Area: 1636 Square Feet
  • Electric Expense: 318.00
  • Gross Income: 184800.00
  • Gross Multiplier: 15.69
  • Gross Operating Income: 179256.00
  • Gross Scheduled Income: 184800.00
  • Insurance Expense: 2342.00
  • Lot Size Area: 6076.0000 Square Feet
  • Maintenance Expense: 2600.00
  • Net Operating Income: 135379.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 43877.00
  • Rent Control: Yes
  • Total Actual Rent: 15400.00
  • Total Expenses: 46180.00
  • Vacancy Allowance: 5544
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 34817.00
  • Tax Block: 873
  • Tax Census Tract: 1917.20
  • Tax Lot: 15
  • Tax Tract Number: 873

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2018
Closed on
Oct 18, 2018
Sold by
Melrose Avenue Solutions Lp
Bought by
Great Wave Group One Llc
Seller's Agent
Seth Hamilton
Citivest Realty Services, Inc
Buyer's Agent
Casey Morrisey
Derrick Paine, Broker
List Price
$2,800,000
Sold Price
$2,600,000
Premium/Discount to List
-$200,000
-7.14%
Current Estimated Value
$2,452,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$147,556
Avg. Annual Appreciation
0.29%
Original Mortgage
$1,300,000
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 8, 2017
Sold by
Melrose Avenue Solutions Llc
Bought by
Melrose Avenue Solutions Lp

Purchase Details

Closed on
Oct 24, 2016
Sold by
Celi Alexander
Bought by
Melrose Avenue Solutions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
3.47%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 9, 2003
Sold by
Celi Angelita Lopez
Bought by
Celi Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Great Wave Group One Llc $2,600,000 First American Title Company
Melrose Avenue Solutions Lp -- None Available
Melrose Avenue Solutions Llc $680,000 Orange Coast Title Company
Celi Alexander $180,000 Commerce Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Great Wave Group One Llc $273,000
Previous Owner Great Wave Group One Llc $1,300,000
Previous Owner Melrose Avenue Solutions Lp $1,394,000
Previous Owner Melrose Avenue Solutions Llc $680,000
Previous Owner Celi Alexander $425,000
Previous Owner Celi Alexander $25,000
Previous Owner Celi Alexander $266,000
Previous Owner Celi Alexander $162,000
Previous Owner Celi Alexander $144,000
Closed Celi Alexander $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2021 04/27/21 Rented $4,100 -1.2% --
04/24/2021 04/24/21 Under Contract -- -- --
04/19/2021 04/19/21 For Rent $4,150 0.0% --
12/14/2018 12/14/18 Sold $2,600,000 -3.7% $340 / Sq Ft
10/17/2018 10/17/18 Pending -- -- --
09/25/2018 09/25/18 Price Changed $2,699,000 -3.6% $353 / Sq Ft
09/10/2018 09/10/18 For Sale $2,800,000 -- $366 / 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 $34,840 $2,900,344 $1,450,172 $1,450,172
2024 $34,840 $2,843,476 $1,421,738 $1,421,738
2023 $34,167 $2,787,722 $1,393,861 $1,393,861
2022 $32,579 $2,733,062 $1,366,531 $1,366,531
2021 $32,162 $2,679,474 $1,339,737 $1,339,737
2019 $31,197 $2,600,000 $1,300,000 $1,300,000
2018 $8,567 $693,600 $489,600 $204,000
2016 $5,164 $420,356 $390,335 $30,021
2015 $5,089 $414,043 $384,472 $29,571
2014 $5,117 $405,933 $376,941 $28,992
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18220696

California Regional Multiple Listing Service (CRMLS)

APN: 5535-005-023