NOT LISTED FOR SALE

Estimated Value: $1,513,000 - $1,963,163

4 Beds
2 Baths
2,425 Sq Ft
$684/Sq Ft Est. Value

Last Sold April 17, 2023

Last sale price $1,550,000 $639 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $10,665/month

20 Days on Market

Highlights

  • Gated Parking
  • Living Room with Fireplace
  • Spanish Architecture
  • View of Trees or Woods
  • Wood Flooring
  • Front Porch

About This Home

As of April 2023

Discover the hidden gem of Westlake at 1037 S Hudson Avenue. This stunning Spanish-style duplex is a rare find, offering versatile living options for its lucky new owners. Located in a highly sought-after location, this property is just minutes away from some of the city's best dining, shopping, and entertainment options and will be delivered vacant - making it a great opportunity for investment or owner user. Nestled in the historic Westlake neighborhood, this duplex is surrounded by Victorian and Spanish Colonial Revival-style architecture and a culturally diverse community. Use the two side-by-side units as separate rentals for income, or join them together for a grand single-family home. The current owners have seamlessly combined the units, featuring two kitchens and two baths, creating a unique and spacious living space. Step outside and be greeted by beautiful landscaping and a long private driveway, leading to a lush private backyard that is perfect for entertaining. The two-car private garage has may approved by the city for ADU plans to add a third unit, providing even more potential income (seller can provide their custom submitted plans per request). Under the house, you will find ample storage and even room for a work studio. Don't miss out on the opportunity to own this charming and functional duplex in the heart of Los Angeles. With its prime location in Westlake and endless potential, this property is a must-see for anyone looking for the perfect place to call home.

Last Agent to Sell the Property

Brian Maser

The Condo Experts License #01340306 Listed on: 03/02/2023

Last Buyer's Agent

Bryan Marks

Compass License #01957066

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,352

Year Built

  • Built in 1926

Lot Details

  • 7,069 Sq Ft Lot
  • Property is zoned LAR2

Parking

  • 2 Car Garage
  • 5 Open Parking Spaces
  • Driveway
  • Gated Parking

Home Design

  • Spanish Architecture

Interior Spaces

  • 2,425 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Gas Fireplace
  • Living Room with Fireplace
  • Wood Flooring
  • Views of Woods
  • Oven or Range
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Front Porch
  • Accessory Dwelling Unit (ADU)
  • Floor Furnace

Community Details

Listing and Financial Details

  • Assessor Parcel Number 5083-003-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,352

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Entry Floor: 1
  • Living Area: 2425
  • Lot Acreage: 0.1623
  • Stories: 1
  • Year Built: 1926
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Rooms: Gas, Decorative, Living Room
  • Flooring: Hardwood
  • Bedrooms: 4
  • Common Walls: Detached/No Common Walls
  • Laundry: Inside, In Unit, Laundry Area
  • Total Bathrooms: 2.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 659.38

Exterior Features

  • Other Structures: Other, Accessory Dwelling Unit
  • Patio: Porch, Porch - Front
  • View: Trees/Woods
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 5
  • Covered Parking: 2
  • Garage Structures: 1
  • Parking Garage: Driveway - Concrete, Driveway, Gated, Private Garage
  • Total Parking: 2

Utilities

  • Heating: Floor Furnace

Lot Info

  • Assessed Improvement Percent: 67.50
  • Assessed Improvement Value: 383377
  • Assessed Land Percent: 32.5
  • Assessed Land Value: 184582
  • Total Assessed Value: 567959
  • Assessor Parcel Number: 5083-003-007
  • Lot Size Area: 7069

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 0
  • Type Of Units: Duplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2023
Closed on
Apr 3, 2023
Sold by
Lisa C Forman Trust
Bought by
Hepp Selma and Kass Marc Ian
Seller's Agent
Brian Maser
The Condo Experts
Buyer's Agent
Bryan Marks
Compass
List Price
$1,799,000
Sold Price
$1,550,000
Premium/Discount to List
-$249,000
-13.84%
Views
43
Current Estimated Value
$1,661,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,414
Avg. Annual Appreciation
2.93%
Original Mortgage
$1,162,500
Outstanding Balance
$1,131,358
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$527,433

Purchase Details

Closed on
May 11, 2019
Sold by
Forman Lisa Courtney
Bought by
Lisa C Forman Trust

Purchase Details

Closed on
Aug 30, 2016
Sold by
Forman James S
Bought by
Forman James S and Forman Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,850
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2012
Sold by
Forman Lisa C
Bought by
Forman James S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2000
Sold by
Forman Lisa C
Bought by
Forman James S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.32%

Purchase Details

Closed on
Dec 14, 1999
Sold by
Fox Gene Burton
Bought by
Wong Lily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,200
Interest Rate
7.82%

Purchase Details

Closed on
May 12, 1999
Sold by
Fox Rose 1999 Trust
Bought by
Fox Gene Burton

Purchase Details

Closed on
Dec 15, 1998
Sold by
Fox Rose
Bought by
Fox Rose and Levy Arthur
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hepp Selma $1,550,000 Fidelity National Title
Lisa C Forman Trust -- None Available
Forman James S -- Nations Title Company
Forman James S -- Calcounties Title Nation
Forman James S -- Old Republic Title
Forman James S $400,000 Old Republic Title
Wong Lily $349,000 Equity Title
Fox Gene Burton -- Provident Title Company
Fox Rose -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hepp Selma $1,162,500
Previous Owner Forman James S $533,850
Previous Owner Forman James S $442,000
Previous Owner Forman James S $450,000
Previous Owner Forman James S $460,000
Previous Owner Forman James $400,000
Previous Owner Forman James S $50,000
Previous Owner Forman James S $80,000
Previous Owner Forman James S $375,000
Previous Owner Forman James S $325,000
Previous Owner Forman James S $320,000
Previous Owner Wong Lily $279,200
Closed Wong Lily $34,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2023 04/17/23 Sold $1,550,000 -3.1% $639 / Sq Ft
03/23/2023 03/23/23 Pending -- -- --
03/13/2023 03/13/23 Price Changed $1,599,000 -11.1% $659 / Sq Ft
03/02/2023 03/02/23 For Sale $1,799,000 -- $742 / 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
2025 $19,352 $1,612,620 $1,128,834 $483,786
2024 $19,352 $1,581,000 $1,106,700 $474,300
2023 $7,253 $579,317 $188,273 $391,044
2022 $6,925 $567,959 $184,582 $383,377
2021 $6,827 $556,823 $180,963 $375,860
2020 $6,892 $551,115 $179,108 $372,007
2019 $6,625 $540,310 $175,597 $364,713
2018 $6,545 $529,716 $172,154 $357,562
2016 $6,241 $509,148 $165,470 $343,678
2015 $6,151 $501,501 $162,985 $338,516
2014 $6,182 $491,678 $159,793 $331,885
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-238745

The MLS

APN: 5083-003-007