NOT LISTED FOR SALE
24 Beds
19 Baths
17,788 Sq Ft
0.43 Acre Lot

Sale Details

Date Sold: May 23, 2017

Last sale price $4,100,000 $230 Per Sq Ft

123 Days on Market

About This Home

As of May 2017

***NEW PRICE ***We are proud to present a value add opportunity to acquire a nineteen (19) unit apartment complex in East Hollywood walking distance to Sunset Junction and Silver Lake. Situated on an 18,597 square foot corner lot, the property consists of 5 buildings with fourteen (14) 1+1 units, five (5) 2+1 units. The units themselves are very spacious with formal dining rooms. All units have individual water heaters and washer/dryer hookups and there are eighteen (18) off-street parking spaces.

Last Agent to Sell the Property

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 12/03/2016

Last Buyer's Agent

Benjamin Hsiang

Realty Investment Advisors, Inc. License #01438644 Listed on: 12/03/2016

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 18,597 Sq Ft Lot

Interior Spaces

  • 17,788 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 19 Bathrooms

Parking

  • 18 Parking Spaces
  • Assigned Parking

Community Details

  • 5 Buildings
  • 19 Units

Listing and Financial Details

  • Assessor Parcel Number 5539-004-033

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0.43 Acres

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 17788
  • Stories: 2
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 24
  • Total Bathrooms: 19.00
  • Price Per S Q F T: 258.60

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 18

Lot Info

  • Assessed Improvement Value: 1154406
  • Assessed Land Value: 865803
  • Assessor Parcel Number: 5539-004-033
  • Geocode Override: No
  • Lot Size Area: 18597

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 18.81
  • Number Of Units: 19
  • Rent Control: 100
  • Type Of Units: Apartments

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 3, 2016
Closed on
Apr 26, 2017
Sold by
Bought by
Seller's Agent
Benjamin Hsiang
Realty Investment Advisors, Inc.
Buyer's Agent
Benjamin Hsiang
Realty Investment Advisors, Inc.
List Price
$4,600,000
Sold Price
$4,100,000
Premium/Discount to List
-$500,000
-10.87%

Purchase Details

Closed on
Oct 13, 2005
Sold by
Bought by

Purchase Details

Closed on
Aug 8, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
6.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2001
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title Co Los
$4,100,000 North American Title Company
-- Land America Commonwealth
$1,750,000 Land America Commonwealth
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $7,325,000
Closed $2,500,000
Previous Owner $1,320,000
Previous Owner $1,350,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/23/2017 05/23/17 Sold $4,100,000 -10.9% $230 / Sq Ft
03/20/2017 03/20/17 For Sale $4,600,000 +12.2% $259 / Sq Ft
03/16/2017 03/16/17 Off Market $4,100,000 -- --
02/16/2017 02/16/17 Price Changed $4,600,000 -4.2% $259 / Sq Ft
12/03/2016 12/03/16 For Sale $4,800,000 -- $270 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $60,351 $4,819,126 $1,820,524 $2,998,602
2024 $59,565 $4,724,634 $1,784,828 $2,939,806
2023 $58,439 $4,631,995 $1,749,832 $2,882,163
2022 $55,782 $4,541,172 $1,715,522 $2,825,650
2021 $55,042 $4,452,131 $1,681,885 $2,770,246
2020 $55,590 $4,425,481 $1,664,640 $2,760,841
2019 $53,432 $4,339,080 $1,632,000 $2,707,080
2018 $56,471 $4,201,000 $1,632,000 $2,569,000
2016 $26,114 $2,020,209 $865,803 $1,154,406
2015 $25,755 $1,989,864 $852,798 $1,137,066
2014 $25,958 $1,950,886 $836,093 $1,114,793
Source: Public Records

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Map

Source: The MLS

MLS Number: 16-184466

The MLS
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