$1,248,000
SOLD APR 20, 2018

4517 Hazeltine Ave Sherman Oaks, CA 91423

6 Beds
5 Baths
3,339 Sq Ft
6,036 Sq Ft Lot

Recently Sold

$374 Per Sq Ft

7% Below List Price

Highlights

  • Laundry Room
  • Van Nuys High School Rated A
  • Garden

About This Home

As of April 2021

Prime Sherman Oaks Location!!! Walk to Ventura Boulevard. Two (2) Story Four (4) unit apartment complex very well maintained consisting of an excellent unit mix of two (2) two bedroom one bath apartments and two (2) one bedroom one bath apartments. Built in 1954, the subject property living space is approximately 3,339 square feet on a lot size of approximately 6,036 square feet and is zoned LA R3. Close proximity to Trader Joe's, Ralphs Market, Westfield Fashion Square, the upcoming Sunkist building development known as ICON Sherman Oaks, Sharman Oaks Park and The Sherman Oaks Galleria. Nice landscape, parking for 4 covered spaces, laundry room on site. Tremendous upside potential. Perfect for a owner/user and/or investors. Great possibilities for future development.
Drive By Only. Call Listing Agent for details.

Last Agent to Sell the Property

Michael Tootikian

No Firm Affiliation License #00802699 Listed on: 01/18/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,491

Year Built

  • Built in 1954

Lot Details

  • 6,036 Sq Ft Lot
  • Two or More Common Walls
  • Garden
  • Back Yard

Parking

  • 2 Car Garage

Home Design

  • 3,339 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 459
  • Tax Tract Number 9275
  • Assessor Parcel Number 2265023031

Community Details

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 5 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $1,200
  • Insurance Expense $2,677
  • Water Sewer Expense $3,840
  • New Taxes Expense $16,743
  • Operating Expense $26,692
  • Gross Income $63,912
  • Net Operating Income $35,320

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,491

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3840.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 2265023031
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 373.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Garden
  • Lot Size Sq Ft: 6036.00

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 63912.00
  • Gross Scheduled Income: 63312.00
  • Insurance Expense: 2677.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 600.00
  • Net Operating Income: 35320.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 26692.00
  • Rent Control: Yes
  • Total Expenses: 26692.00

Tax Info

  • New Taxes Expense: 16743.00
  • Tax Census Tract: 1412.01
  • Tax Lot: 459
  • Tax Tract Number: 9275

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2021
Closed on
Mar 2, 2021
Sold by
Building One Apartments Llc
Bought by
Smollett Jacqui
Seller's Agent
Melinda Russell
CB Richard Ellis L.A. North Universal City
Buyer's Agent
Kishaya Perry
Compass
List Price
$1,550,000
Sold Price
$1,650,000
Premium/Discount to List
$100,000
6.45%
Current Estimated Value
$1,996,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,767
Avg. Annual Appreciation
4.29%
Original Mortgage
$400,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 18, 2018
Closed on
Feb 20, 2018
Sold by
Spiegel Jeremy
Bought by
Building One Apartments Llc
Seller's Agent
Michael Tootikian
No Firm Affiliation
List Price
$1,339,500
Sold Price
$1,248,000
Premium/Discount to List
-$91,500
-6.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.86%
Original Mortgage
$748,800
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 16, 2016
Sold by
Hertz Enid
Bought by
Hertz Enid and The Declaration Of Trust Of Enid Hertz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$741,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 8, 2016
Sold by
Hertz Enid
Bought by
Spiegel Jeremy and Spiegel Corey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$741,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 2, 2016
Sold by
Hertz Enid
Bought by
Hertz Enid and Declaration Of Trust Of Enid Hertz

Purchase Details

Closed on
Oct 23, 2014
Sold by
Hertz Julius
Bought by
Julius Hertz Survivors Trust

Purchase Details

Closed on
Dec 31, 2013
Sold by
Hertz Julius
Bought by
Hertz Julius and Hertz Enid

Purchase Details

Closed on
Aug 4, 2011
Sold by
Hertz Julius
Bought by
Hertz Julius and Hertz Ruth

Purchase Details

Closed on
Nov 25, 2003
Sold by
Hertz Ruth Weiss
Bought by
Hertz Julius and Hertz Ruth

Purchase Details

Closed on
Aug 4, 1997
Sold by
Hertz Ruth
Bought by
Hertz Ruth Weiss and Ruth Weiss Hertz Trust

Purchase Details

Closed on
Nov 18, 1993
Sold by
Weiss Shirley
Bought by
Hertz Ruth
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Grant Deed $1,650,000 North American Title Co Inc
Grant Deed $1,248,000 Fidelity National Title Comp
Interfamily Deed Transfer -- None Available
Grant Deed $1,235,000 Fidelity Sherman Oaks
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 Commercial
Previous Owner $748,800 Adjustable Rate Mortgage/ARM
Previous Owner $741,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $1,650,000 +6.5% $494 / Sq Ft
04/09/2021 04/09/21 Pending -- -- --
01/01/2021 01/01/21 For Sale $1,550,000 +24.2% $464 / Sq Ft
04/20/2018 04/20/18 Sold $1,248,000 -6.8% $374 / Sq Ft
02/14/2018 02/14/18 Pending -- -- --
01/18/2018 01/18/18 For Sale $1,339,500 -- $401 / 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 $21,491 $1,786,010 $1,298,917 $487,093
2024 $21,491 $1,750,992 $1,273,449 $477,543
2023 $21,074 $1,716,660 $1,248,480 $468,180
2022 $20,092 $1,683,000 $1,224,000 $459,000
2021 $15,868 $1,311,869 $946,060 $365,809
2020 $16,029 $1,298,419 $936,360 $362,059
2019 $15,394 $1,272,960 $918,000 $354,960
2018 $15,425 $1,259,700 $918,000 $341,700
2016 $1,444 $95,635 $36,423 $59,212
2015 $1,427 $94,199 $35,876 $58,323
2014 $1,460 $92,355 $35,174 $57,181
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR18013251

California Regional Multiple Listing Service (CRMLS)

APN: 2265-023-031