NOT LISTED FOR SALE

Estimated Value: $1,171,000 - $1,377,000

3 Beds
2 Baths
1,779 Sq Ft
$724/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $1,250,000 $703 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,282/month

15 Days on Market

Highlights

  • Detached Guest House
  • Wood Flooring
  • No HOA
  • Living Room with Fireplace
  • Spanish Architecture
  • Home Office

About This Home

As of March 2024

An unbelievably rare opportunity to reimagine this c. 1925 Spanish home. Located on a tree lined street in the coveted Olympic Park neighborhood, this home offers a unique chance to live in one of Los Angeles' most sought-after areas. Offering character details with white stucco walls, arched doorways, wood crown molding in living room/dining room, some original wood doors and fireplace in living room. Sandwiched between easy access to the Westside to DTLA for easy commuting. A wonderful chance for a lucky buyer to buy in a supreme location.

Last Listed By

Linda Chamberlain

Nourmand & Associates-HW License #01217426 Listed on: 02/26/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,247

Year Built

  • Built in 1924

Lot Details

  • 7,115 Sq Ft Lot
  • Fenced Yard
  • Back and Front Yard
  • Property is zoned LAR2

Home Design

  • Spanish Architecture
  • Fixer Upper

Interior Spaces

  • 1,779 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Blinds
  • Window Screens
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Home Office
  • Laundry Room

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Studio bedroom
  • 2 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway

Additional Homes

  • Detached Guest House

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5084-010-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,247

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1779
  • Lot Acreage: 0.1633
  • Probate: No
  • Property Condition: Fixer
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Gas
  • Flooring: Stone, Hardwood
  • Bedrooms: 3
  • Fireplaces: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 2.00
  • Den: 1
  • Equipment: Ceiling Fan
  • Fireplace: Yes
  • Price Per S Q F T: 600.90
  • Windows: Window Blinds, Screens

Exterior Features

  • Other Structures: None
  • Guest House: Detached
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 3

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Sewer: In Street, In Street Paid
  • Water: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5084-010-003
  • Lot Description: Back Yard, Front Yard, Fenced Yard, Walk Street
  • Lot Size Area: 7115

Rental Info

  • Land Lease Purchase Yn: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2024
Closed on
Mar 15, 2024
Sold by
Leonard And Mary Sears Revocable Trust
Bought by
Diamonds And Diamonds Corp Retirement Trust and Rabbanian
Seller's Agent
Linda Chamberlain
Nourmand & Associates-HW
Buyer's Agent
Massoud Rabbanian
Uzan Realty
List Price
$1,069,000
Sold Price
$1,250,000
Premium/Discount to List
$181,000
16.93%
Total Days on Market
15
Views
37
Current Estimated Value
$1,288,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,450
Avg. Annual Appreciation
2.84%

Purchase Details

Closed on
Jul 12, 2019
Sold by
Sears Leonard Joseph
Bought by
Sears Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2014
Sold by
Sears Leonard I and Sears Mary E
Bought by
Leonard & Mary Sears Revocable Trust

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
Diamonds And Diamonds Corp Retirement Trust $1,250,000 Lawyers Title
Leonard & Mary Sears Revocable Trust -- None Available
Sears Leonard J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sears Mary E $510,000
Previous Owner Sears Mary E $475,000
Previous Owner Sears Leonard J $57,080
Previous Owner Sears Leonard J $77,250
Previous Owner Sears Leonard J $97,721
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $1,250,000 0.0% $703 / Sq Ft
03/12/2024 03/12/24 Pending -- -- --
03/08/2024 03/08/24 Off Market $1,250,000 -- --
02/26/2024 02/26/24 For Sale $1,069,000 -- $601 / Sq Ft
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 $1,247 $78,526 $41,066 $37,460
2023 $1,232 $76,987 $40,261 $36,726
2022 $1,189 $75,478 $39,472 $36,006
2021 $1,162 $73,999 $38,699 $35,300
2019 $1,134 $71,806 $37,552 $34,254
2018 $1,008 $70,399 $36,816 $33,583
2016 $946 $67,668 $35,388 $32,280
2015 $934 $66,653 $34,857 $31,796
2014 $948 $65,349 $34,175 $31,174
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 24-362011

The MLS

APN: 5084-010-003