5619 Satsuma Avenue

North Hollywood, CA 91601

$1,425,000
Last Sold Price
6
Beds
6
Baths
3,880 Sq. Ft.
$367 / Sq. Ft.
3,880
Sq. Ft.
$367
per Sq. Ft.

Description

The Satsuma Apartments is a remarkable apartment building, situated on a large 9,467 square foot lot, with 2 separate structures, consisting of 6 one bedroom one bathroom units. Located blocks away from the NoHo Arts District, the Satsuma Apartments make it a convenient location for renters to flock to. All units have various upgrades, with 2 parking spaces assigned for each unit, one of which includes a separate garage for each unit. Buyer can explore options of potentially converting these garages...The Satsuma Apartments is a remarkable apartment building, situated on a large 9,467 square foot lot, with 2 separate structures, consisting of 6 one bedroom one bathroom units. Located blocks away from the NoHo Arts District, the Satsuma Apartments make it a convenient location for renters to flock to. All units have various upgrades, with 2 parking spaces assigned for each unit, one of which includes a separate garage for each unit. Buyer can explore options of potentially converting these garages into ADU units, which will provide an additional source of income, and a stronger return on investment. From the 6 units, 4 of those units are part of the front structure, and the other remaining 2 units are part of the back structure, sitting on top of the 6 garage spaces. No soft-story retrofit required! Property is exempt from City of LA's soft-story requirement! Each unit has it's own water heater, essentially alleviating any gas bills for the owner to pay. The property is subject to Los Angeles rent control, and all rents are paid up-to-date by tenants. Annual gross income for the property is $93,287. Truly a great investment in a great location!
  1. Listed by Hagop Baboudjian • DRE #01372116 • Baboudjian Properties Inc.
  2. Listed by Default zzDefault Member • Non Member

Property Details for 5619 Satsuma Avenue

Zoning
LAR2
Cross Streets
Burbank
Property Attached YN
true
Parcel Number
2415007018
Total Units
6.0
Living Area
3880
Source Living Area
404
Area
North Hollywood (NHO)

Location

Listing Courtesy of Baboudjian Properties Inc., Hagop Baboudjian, DRE #01372116; Non Member, Default zzDefault Member

Sold By Non Member, Default zzDefault Member

Add your commute
LISTING UPDATED: 06/10/2021 03:16 PM

Property Details for 5619 Satsuma Avenue

StatusSold
MLS #320005403IT
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.22 AC / 9,467 SF
CountyLos Angeles County

Location

Listing Courtesy of Baboudjian Properties Inc., Hagop Baboudjian, DRE #01372116; Non Member, Default zzDefault Member

Sold By Non Member, Default zzDefault Member

Add your commute

Building Information for 5619 Satsuma Avenue

Stories-Residences-Year Built1952Building Size-Lot Size0.22 AC / 9,467 SF

Payment Calculator

$9,350 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,777

Property Taxes

$1,573

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5619 Satsuma Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 6
  • Professional Management: 0.0
Structure Info
Structure Info
  • Number Of Buildings: 2
  • View: No
  • Personal Property Amount: $.00
  • Personal Property Percent: .00%
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Scheduled Income: $9,328,700
  • Cap Rate: 4.25%
  • Gross Rent Multiplier: $16.00
  • Actual Annual Gross Rent: $.00
  • Actual Gross Annual Income: $0
  • Monthly GrossI Income: $.00
  • Gross Spendable Income: $0
  • Gross Equity: $0
  • Other Income1: $.00
  • Other Income2: $.00
  • Garage Income: $0
  • Laundry Income: $0
  • Actual Rent Total: $.00
  • Vacancy Allow Dollar: $.00
  • Vacancy Allow Percent: .00%
  • Expense Actual Annual Vacancy: $.00
  • Owner Pays: Water
  • Total Annual Expense: 0
  • Pool Expense: $.00
  • Water Expense: $226,900.00
  • Gas Expense: $0
  • Electric Expense: $.00
  • Trash Expense: $435,900.00
  • Other Expense: $.00
  • Expense Cable TV: $.00
  • Expense Furniture: $.00
  • Elevator Expense: $.00
  • Expense Pest: $.00
  • Tax Expense: $0
  • Expense Maintenance Percent: $.00
  • Gardener Expense: $0
  • Expense Security: $.00
  • Expense Workers Compensation: $.00
  • Expense Licenses: $.00
  • Insurance Expense: $251,700
  • Expense Advertising: $.00
  • Expense Operating: $.00
  • Expense Operating Percent: $.00
  • Management Expense: $.00
  • Manager Expense: $0
  • Expense Supplies: $.00
Land / Lot Info
Land / Lot Info
  • Land Lease Amount Per Year: $.00
  • Land Lease Expiration Year: 0
  • Lot Acreage: 0.21
  • Lot Size Square Feet: 9467
  • Assessments: None
Parking Details
Parking Details
  • Total Parking: 0
  • Covered Parking: 0
  • Open Other Spaces Total: 0
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Garage Structures Total: 0.0
Interior Features
Interior Features
  • Levels: Two
  • Furnished: Unfurnished
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Spa: No
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 03-18-2021
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $1,182.00
  • Unit Projected Rent: $.00
  • Like Units: 0
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $1,535.00
  • Unit Projected Rent: $.00
  • Like Units: 0
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $1,142.00
  • Unit Projected Rent: $.00
  • Like Units: 0
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 0
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $1,088.00
  • Unit Projected Rent: $.00
  • Like Units: 0
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $1,325.00
  • Unit Projected Rent: $.00
  • Like Units: 0
Unit 7 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 0
Unit 8 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 0
Unit 9 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 0
Unit 10 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 0
Unit 11 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 0
Unit 12 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 0
Unit 13 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 0
Unit Details
  • Number of Carpet: 0
  • Number of Dishwasher: 0
  • Number of Disposal: 0
  • Number of Drapes: 0
  • Number of Electric Meters: 7
  • Number of Gas Meters: 6
  • Number Leased: 0
  • Number Patio: 0
  • Number Range: 0
  • Number Refrigerator: 0
  • Number Rented Garages: 0
  • Number Wall AC: 0
  • Number Water Meters: 1
Tax and Assessed Info
Tax and Assessed Info
  • Tax Percent: .00%
  • Tax Rate: .00%
  • Assessed Improvement Value: $.00
  • Assessed Improvement Percent: 0.0
  • Assessed Land Value: $.00
  • Assessed Land Percent: 0
  • Assessed Total Value: $.00

Property History for 5619 Satsuma Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5619 Satsuma Avenue

Taxable ValueLand$936,360Additions$546,210Total$1,482,570
Tax Record2023$18,871 ($1,573 / month)
Home Facts
Total Finished SqFt3,880 SqFtAbove Grade Finished SqFt3,880 SqFtLot Size9,467 SqFtStyleMulti-Family Res (5+ Units)Year Built1952ZoningLAR2CountyLOS ANGELESAPN2415-007-018

Schools near 5619 Satsuma Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 11
Rating
School
Distance
Oxnard Street Elementary School
PublicK to 5

Walter Reed Middle School
Public6 to 8

East Valley Senior High School
Public9 to 12

Science Academy STEM Magnet
Public6 to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baboudjian Properties Inc., Hagop Baboudjian, DRE #01372116; Non Member, Default zzDefault Member

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.