NOT LISTED FOR SALE

11617 Archwood St North Hollywood, CA 91606

North Hollywood Neighborhood

Estimated Value: $1,065,000 - $1,168,000

6 Beds
4 Baths
1,896 Sq Ft
$590/Sq Ft Est. Value

Last Sold September 22, 2021

Last sale price $995,000 $525 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $7,265/month

79 Days on Market

Highlights

  • Gated Parking
  • North Hollywood Senior High School Rated A
  • Built-In Features

About This Home

As of September 2021

We are pleased to present the opportunity to acquire a 4-unit asset located In the desirable apartment community of North Hollywood. Over the past decade, North Hollywood has undergone a radical transformation into a dynamic environment that is attracting a wave of young, well-educated and high-wage earning residents. This 4- unit complex is located on a gated and fenced corner lot and offers strong in-place rents and 100% rent collection. There are no seismic retrofit expenses, rents can immediately be increased post-Covid, and financing on this asset will include 30-year fixed rates. The convenient location and desirable unit mix of this asset offer a Value-Add opportunity that is well suited for strong returns over the investment period.

Last Agent to Sell the Property

Janette Monfared

Marcus & Millichap License #00765098 Listed on: 06/01/2021

Last Buyer's Agent

Arutyun Kostikyan

License #01937435

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,784

Year Built

  • Built in 1941

Lot Details

  • 5,400 Sq Ft Lot

Parking

  • Gated Parking

Interior Spaces

  • 1,896 Sq Ft Home
  • 2-Story Property
  • Built-In Features

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2320-014-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,784

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1896
  • Stories: 2
  • Year Built: 1941
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins
  • Price Per S Q F T: 524.79

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Gated

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 2320-014-014
  • Lot Size Area: 5400

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.80
  • Number Of Units: 4
  • Total Annual Expense: 17980
  • Type Of Units: apartments
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2023
Sold by
Gabuzyan Artak
Bought by
Tri Star Apartments Llc
Current Estimated Value
$1,119,243

Purchase Details

Listed on
Jun 1, 2021
Closed on
Sep 14, 2021
Sold by
Archwood Management Llc
Bought by
Gabuzyan Artak
Seller's Agent
Janette Monfared
Marcus & Millichap
Buyer's Agent
Arutyun Kostikyan
List Price
$1,050,000
Sold Price
$995,000
Premium/Discount to List
-$55,000
-5.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.25%
Original Mortgage
$746,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2015
Sold by
Aharoni Elkana
Bought by
Archwood Management Llc

Purchase Details

Listed on
Aug 7, 2013
Closed on
Sep 16, 2013
Sold by
Reyes Alison I
Bought by
Aharoni Elkana
Seller's Agent
Tamara Azami
Rodeo Realty
Buyer's Agent
Irene Sarian
List Price
$500,000
Sold Price
$525,000
Premium/Discount to List
$25,000
5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.00%
Original Mortgage
$297,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2013
Closed on
Sep 12, 2013
Sold by
Burke Michael P
Bought by
Aharoni Elkana
Seller's Agent
Tamara Azami
Rodeo Realty
Buyer's Agent
Irene Sarian
List Price
$500,000
Sold Price
$525,000
Premium/Discount to List
$25,000
5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2010
Sold by
Burke Michael P
Bought by
Burke Michael P and Burke Karey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2008
Sold by
Soto Miguel M
Bought by
Soto Miguel Manuel

Purchase Details

Closed on
Feb 17, 2005
Sold by
Burke Karey
Bought by
Burke Michael P

Purchase Details

Closed on
Sep 11, 2000
Sold by
Zapata Consuelo
Bought by
Burke Michael P and Burke Karey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
7.96%
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
Tri Star Apartments Llc -- None Listed On Document
Gabuzyan Artak $995,000 Stewart Title Of Ca Inc
Archwood Management Llc -- None Available
Aharoni Elkana -- Progressive
Aharoni Elkana $525,505 Progressive
Burke Michael P -- Progressive Title Company
Soto Miguel Manuel -- Sutic-American Title Div
Burke Michael P -- --
Burke Michael P $240,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gabuzyan Artak $746,250
Previous Owner Aharoni Elkana $300,000
Previous Owner Aharoni Elkana $297,000
Previous Owner Aharoni Elkana $297,000
Previous Owner Burke Michael P $250,000
Previous Owner Burke Michael P $100,000
Previous Owner Burke Michael P $210,000
Previous Owner Burke Michael P $216,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2021 09/22/21 Sold $995,000 0.0% $525 / Sq Ft
08/19/2021 08/19/21 Pending -- -- --
07/29/2021 07/29/21 Price Changed $995,000 -5.2% $525 / Sq Ft
06/30/2021 06/30/21 For Sale $1,050,000 0.0% $554 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $1,050,000 +100.0% $554 / Sq Ft
10/07/2013 10/07/13 Sold $525,000 +5.0% $277 / Sq Ft
08/07/2013 08/07/13 For Sale $500,000 -- $264 / Sq Ft
08/05/2013 08/05/13 Pending -- -- --
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
2024 $12,784 $1,035,198 $624,240 $410,958
2023 $12,537 $1,014,900 $612,000 $402,900
2022 $11,955 $995,000 $600,000 $395,000
2021 $7,338 $595,126 $362,399 $232,727
2019 $7,122 $577,476 $351,651 $225,825
2018 $7,036 $566,154 $344,756 $221,398
2016 $6,719 $544,171 $331,370 $212,801
2015 $6,622 $535,998 $326,393 $209,605
2014 $6,667 $525,500 $320,000 $205,500
Source: Public Records

Agents Affiliated with this Home

  • Janette Monfared

    Seller's Agent in 2021

    Janette Monfared

    Marcus & Millichap

    (818) 212-2700

    4 in this area

    22 Total Sales

    Janette Monfared
    Section Image

  • A

    Buyer's Agent in 2021

    Arutyun Kostikyan

  • Tamara Azami

    Seller's Agent in 2013

    Tamara Azami

    Rodeo Realty

    (818) 974-8638

    13 Total Sales

    Tamara Azami
    Section Image

  • I

    Buyer's Agent in 2013

    Irene Sarian

See All Agents

Map

Source: The MLS

MLS Number: 21-741900

The MLS

APN: 2320-014-014

California Los Angeles County North Hollywood 91606 North Hollywood

11617 Archwood St, North Hollywood, CA

This home is located at 11617 Archwood St, North Hollywood, CA 91606 since 01 June 2021 and is currently estimated at $1,119,243, approximately $590 per square foot. This property was built in 1941. 11617 Archwood St is a home located in Los Angeles County with nearby schools including Victory Boulevard Elementary School, Roy Romer Middle School, and North Hollywood Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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