$1,585,000
SOLD FEB 25, 2022
9 Beds
4 Baths
3,720 Sq Ft
6,669 Sq Ft Lot

Recently Sold

$426 Per Sq Ft

6% Below List Price

43 Days on Market

Highlights

  • Traditional Architecture
  • Fenced Yard
  • Front Porch
  • Wood Flooring
  • Balcony
  • Double Pane Windows

About This Home

As of February 2022

Incredible turnkey investment opportunity in excellent location just moments to restaurants, markets, and shopping. Upstairs is 5 bedrooms and 2 full baths, downstairs is 4 bedrooms and 2 full baths plus huge bonus room. The units boast new hardwood floors, new kitchens and bathrooms, new plumbing, new HVAC, new electrical, new sewer to street, all new appliances including washer/dryer in each unit, new windows and doors (many with special noise cancelling glass), upgraded foundation, new hot water heaters and new drought tolerant landscape. Property is completely fenced in including an automatic driveway gate. Both units are on month-to-month leases, great for investor or owner/user. DRIVE BY ONLY, INTERIOR INSPECTION WITH OFFER.

Last Agent to Sell the Property

Stephen Apelian

Compass License #01885055

Compass

Last Buyer's Agent

Navid Toomarian

Keller Williams Beverly Hills License #02130060

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,277

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 6,669 Sq Ft Lot
  • Fenced Yard
  • Gated Home
  • Level Lot
  • Back and Front Yard

Home Design

  • Duplex
  • Traditional Architecture
  • Raised Foundation

Interior Spaces

  • 3,720 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Property Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Auto Driveway Gate
  • Driveway
  • Guest Parking
  • On-Street Parking

Outdoor Features

  • Balcony
  • Front Porch

Utilities

  • Central Heating and Cooling System
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 5083-024-011

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 2 Units
  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,277

Year Built

Built in 1923 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Entry Location: Ground Level w/steps
  • Living Area: 3720
  • Lot Acreage: 0.1531
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 34
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Carpet: 0
  • Number Dishwasher: 2
  • Number Disposal: 2
  • Number Drapes: 2
  • Number Range: 2
  • Number Refrigerator: 2
  • Flooring: Hardwood, Tile
  • Bedrooms: 9
  • Common Walls: Attached
  • Bathroom Features: Shower Over Tub
  • Laundry: Inside, In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 4.00
  • Equipment: Cable, Dishwasher, Dryer, Garbage Disposal, Gas Or Electric Dryer Hookup, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 442.20
  • Windows: Double Pane Windows

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Number Patio: 2
  • Patio: Balcony, Covered, Porch - Front
  • Paved: Yes
  • Pool: No
  • Spa Yn: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Other Spaces: 12
  • Garage Structures: 0
  • Number Rented Garages: 0
  • Parking Garage: Auto Driveway Gate, Driveway, Driveway - Concrete, Parking for Guests - Onsite, Parking for Guests, On street, Garage - None, Driveway Gate
  • Total Parking: 12

Utilities

  • Cooling: Central
  • Heating: Central
  • Number Electric Meters: 2
  • Number Water Meters: 0
  • Security: Gated
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Association/Amenities

  • Pet Rules: Pets Permitted

Lot Info

  • Assessed Improvement Percent: 30.02
  • Assessed Improvement Value: 422148
  • Assessed Land Percent: 69.98
  • Assessed Land Value: 983929
  • Total Assessed Value: 1406077
  • Assessor Parcel Number: 5083-024-011
  • Lot Description: Fenced Yard, Fenced, Front Yard, Curbs, Automatic Gate, Back Yard, Lot-Level/Flat, Street Paved, Street Lighting, Sidewalks
  • Lot Size Area: 6669

Rental Info

  • Number Leased: 2
  • Owner Pays: Water, Gardener
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.98
  • Number Of Units: 2
  • Number Wall A C: 0
  • Rent Control: 100
  • Total Annual Expense: 7200
  • Type Of Units: Duplex
  • Vacancy Rate: 0%

Tax Info

  • Private Transfer Taxes: No

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2022 02/25/22 Sold $1,585,000 -3.6% $426 / Sq Ft
01/11/2022 01/11/22 Pending -- -- --
12/28/2021 12/28/21 Price Changed $1,645,000 -2.6% $442 / Sq Ft
11/29/2021 11/29/21 For Sale $1,689,000 +30.0% $454 / Sq Ft
01/06/2016 01/06/16 Sold $1,299,000 +0.3% $349 / Sq Ft
11/15/2015 11/15/15 Pending -- -- --
07/23/2015 07/23/15 For Sale $1,295,000 -- $348 / Sq Ft
Source: The MLS

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 $20,277 $1,649,034 $1,248,480 $400,554
2023 $19,888 $1,616,700 $1,224,000 $392,700
2022 $17,383 $1,449,055 $1,014,004 $435,051
2021 $17,159 $1,420,643 $994,122 $426,521
2019 $16,646 $1,378,508 $964,637 $413,871
2018 $16,523 $1,351,479 $945,723 $405,756
2016 $13,708 $1,131,767 $792,238 $339,529
2015 $13,507 $1,114,767 $780,338 $334,429
2014 $11,143 $895,000 $626,500 $268,500
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,188,750 New Conventional
Previous Owner $150,000 Future Advance Clause Open End Mortgage
Previous Owner $532,000 New Conventional
Previous Owner $575,000 New Conventional
Previous Owner $800,000 Purchase Money Mortgage
Previous Owner $300,000 Credit Line Revolving
Previous Owner $179,000 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $180,000 Unknown
Previous Owner $56,000 No Value Available
Source: Public Records

Deed History

Date Type Sale Price Title Company
Deed -- Equity Title
Grant Deed $1,585,000 Equity Title
Grant Deed $1,299,000 Equity Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $1,000,000 First American Title Co
Interfamily Deed Transfer -- First American Title Co
Grant Deed $90,000 Fidelity Title
Source: Public Records

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Source: The MLS

MLS Number: 21-108207

The MLS

APN: 5083-024-011