NOT LISTED FOR SALE

1112 N Olive Dr Unit 1 West Hollywood, CA 90069

Estimated Value: $588,000 - $826,000

2 Beds
2 Baths
768 Sq Ft
6,003 Sq Ft Lot

Last Sold January 19, 2021

Last sale price $580,000 $755 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,269/month

Highlights

  • Automatic Gate
  • Open Floorplan
  • Main Floor Primary Bedroom
  • Gated Community
  • Wood Flooring
  • 5-minute walk to Kings Road Park

About This Home

As of July 2023

Designer 2 bedroom 2 full baths with state-of-the art washer & dryer in West Hollywood's prime most sought-after neighborhoods. Short term lease available. New remodel with hardwood floors, recessed lighting and solid core opaque glass panel doors for a modern element. Front west facing end unit flooded with natural light. Windows on three sides providing great cross ventilation and light exposure. Galley kitchen with new white lacquer cabinets, quartz countertop and backsplash. Gas stove and microwave. Ceiling fans in both bedrooms. New Wifi full size washer and dryer in unit. Both full bathrooms completely remodeled with under vanity lighting, one bathroom with full tub and other with shower only. Primary bath has double vanity. Gated parking for one car and permit street parking available. Extra storage over car in garage. Small 8 unit gated secured complex. Just a few steps to world famous restaurants, shops and nightlife on Santa Monica, La Cienega and Sunset Boulevard. Walker's paradise 94/100 Score. Easy to show. Available August 1st.

Last Agent to Rent the Property

Doug Rago

eXp Realty of California Inc License #01711253 Listed on: 07/06/2023

eXp Realty of California Inc

Co-Listed By

Christopher Hack

eXp Realty of California Inc License #01935593

Last Renter's Agent

Devin Merrick

The Bienstock Group License #02138990

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,667

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • West Facing Home

Parking

  • 1 Car Garage
  • Automatic Gate
  • Controlled Entrance

Home Design

  • Turnkey

Interior Spaces

  • 768 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Entryway
  • Living Room
  • Dining Area
  • Wood Flooring
  • Property Views

Kitchen

  • Galley Kitchen
  • Oven or Range
  • Gas and Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Double Vanity
  • Bathtub with Shower
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Location

  • Ground Level Unit
  • City Lot

Utilities

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

Listing and Financial Details

  • Security Deposit $3,495
  • Tenant pays for electricity, water
  • Rent includes gas, trash collection
  • Negotiable Lease Term
  • Assessor Parcel Number 5554-026-137

Community Details

Overview

  • Association fees include earthquake insurance
  • 8 Units

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Rent Control

Security

  • Card or Code Access
  • Gated Community
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$7,667

Year Built

Built in 1972 | Remodeled

Lot Details

0

Parking

1

Rental Info

  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Land Lease Purchase Yn: No
  • Rent Control: Yes
  • Rent Includes: Gas, Trash Collection
  • Security Deposit: 3495
  • Tenant Pays: Electricity, Water

Listing Details

  • Property Type: Residential Lease
  • Single Family Or Apt: Condo/Apt
  • Levels: Ground Level
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Designer Condo 2 bedroom 2 full baths in West Hollywood's prime most sought-after neighborhoods. New remodel with hardwood floors, recessed lighting & solid core opaque glass panel doors for a modern element. Front, west facing end unit flooded with natural light. Windows on three sides providing great cross ventilation & light exposure. Galley kitchen with new white lacquer cabinets, quartz countertop & backsplash. Gas stove & microwave. Ceiling fans in both bedrooms. New Wifi state-of-the art full size washer & dryer in unit. Both full bathrooms completely remodeled, one with full tub & other with shower only. Gated parking for one car & permit street parking available. Extra storage over car in garage. Short term lease available. Just a few steps to world famous restaurants, shops & nightlife on Santa Monica, La Cienega & Sunset Boulevard. Walker's paradise score 94/100
  • Entry Location: Living Room
  • Lease Terms: Negotiable
  • Living Area: 768
  • Lot Acreage: 0.1378
  • Monthto Month: No
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Year Built: 1972
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Interior Amenities: Common Walls, Turnkey, Open Floor Plan, Recessed Lighting
  • Flooring: Hardwood
  • Appliances: Built-Ins, Microwave, Gas/Electric Range
  • Bedrooms: 2
  • Fireplaces: 0
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: Ground Floor Master, Main Floor Bedroom
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Remodeled, Double Vanity(s), Shower and Tub, Shower Stall, Tile, Under Vanity Lighting
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area
  • Kitchen Features: Remodeled, Galley Kitchen
  • Laundry: In Closet, In Unit, Inside, Laundry Closet Stacked
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Washer, Refrigerator, Range/Oven, Microwave, Ceiling Fan
  • Fireplace: No
  • Price Per S Q F T: 4.55

Exterior Features

  • Direction Faces: West
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: Walk Street
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking: 1
  • Parking Garage: Assigned, Controlled Entrance, Subterranean, Gated
  • Total Parking: 1

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Security: Automatic Gate, Card/Code Access, Carbon Monoxide Detector(s), Smoke Detector

Association/Amenities

  • Amenities: Controlled Access, Gated Community, Gated Parking
  • Pet Rules: Call

Condo/Co-op/Association

  • Association Fees Include: Earthquake Insurance

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5554-026-137
  • Lot Description: Gated Community
  • Lot Location: City
  • Lot Size Area: 6004

Multi Family

  • Number Of Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2021
Sold by
Wilson William T and Wilson Christine M
Bought by
Wilson Kathryn Marie and Kimble Andrew Ivan
Current Estimated Value
$667,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Outstanding Balance
$462,798
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$204,601

Purchase Details

Listed on
Oct 29, 2020
Closed on
Dec 22, 2020
Sold by
Clark Tony
Bought by
Expert 1112 N Olive Dr 1 Llc
Seller's Agent
Steve Nemeth
RE/MAX One
List Price
$624,900
Sold Price
$580,000
Premium/Discount to List
-$44,900
-7.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.08%
Original Mortgage
$522,000
Interest Rate
2.71%
Mortgage Type
Commercial

Purchase Details

Listed on
May 9, 2014
Closed on
Jul 3, 2014
Sold by
Naffas Babak
Bought by
Clark Tony and Tony Clark Trust
Seller's Agent
Lorraine Casados
Equity Union
Buyer's Agent
Randy Wright
Christie's International Real Estate SoCal
List Price
$425,000
Sold Price
$380,000
Premium/Discount to List
-$45,000
-10.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.70%

Purchase Details

Closed on
Mar 10, 2008
Sold by
Prudential Relocation Inc
Bought by
Naffas Babak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 2008
Sold by
Paul Miriam Elizabeth
Bought by
Prudential Relocation Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 2006
Sold by
Kauffman Michele L
Bought by
Paul Miriam Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,800
Interest Rate
6.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2002
Sold by
Dromy Ely
Bought by
1112 Investment Co Llc

Purchase Details

Closed on
Dec 27, 2001
Sold by
1112 Investment Company Llc
Bought by
1112 Investment Company Llc

Purchase Details

Closed on
Sep 26, 2001
Sold by
Remba Diana
Bought by
Remba Melvin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,295
Interest Rate
7.99%

Purchase Details

Closed on
Aug 10, 2001
Sold by
Dromy Ely and 1112 Investment Company Llc
Bought by
Kauffman Michele L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,295
Interest Rate
7.99%

Purchase Details

Closed on
Nov 22, 2000
Sold by
1112 Investment Company Llc
Bought by
Dromy Ely and 1112 Investment Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.86%

Purchase Details

Closed on
Oct 16, 1998
Sold by
1112 Olive Dr Inc
Bought by
1112 Investment Company Llc and Remba Melvin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
6.73%
Source: Public Records

Range of Values:

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Average Value
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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
Wilson Kathryn Marie $630,000 Fidelity National Title Co
Expert 1112 N Olive Dr 1 Llc $580,000 Lawyers Title
Clark Tony $380,000 Equity Title Co
Naffas Babak $350,000 None Available
Prudential Relocation Inc $422,500 Accommodation
Paul Miriam Elizabeth $441,000 Chicago Title Co
1112 Investment Co Llc -- Equity
1112 Investment Company Llc -- Chicago Title
1112 Investment Company Llc -- Chicago Title
1112 Investment Company Llc -- Chicago Title
Remba Melvin J -- Chicago Title Co
Kauffman Michele L $205,000 Chicago Title
Dromy Ely -- Equity Title
1112 Investment Company Llc $895,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Kathryn Marie $504,000
Previous Owner Expert 1112 N Olive Dr 1 Llc $522,000
Previous Owner Clark Tony $200,000
Previous Owner Naffas Babak $266,808
Previous Owner Naffas Babak $280,000
Previous Owner Paul Miriam Elizabeth $352,800
Previous Owner Kauffman Michele L $100,000
Previous Owner Kauffman Michele L $184,295
Previous Owner Dromy Ely $140,000
Previous Owner 1112 Investment Company Llc $675,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2023 07/12/23 Rented $3,495 0.0% --
07/06/2023 07/06/23 For Rent $3,495 +1.3% --
03/28/2023 03/28/23 Rented $3,450 0.0% --
03/28/2023 03/28/23 Under Contract -- -- --
03/19/2023 03/19/23 Price Changed $3,450 -8.0% $4 / Sq Ft
03/07/2023 03/07/23 For Rent $3,750 0.0% --
01/19/2021 01/19/21 Sold $580,000 -3.3% $755 / Sq Ft
12/20/2020 12/20/20 Pending -- -- --
12/01/2020 12/01/20 Price Changed $599,900 -4.0% $781 / Sq Ft
10/29/2020 10/29/20 For Sale $624,900 0.0% $814 / Sq Ft
09/30/2015 09/30/15 Rented $2,700 0.0% --
09/10/2015 09/10/15 Price Changed $2,700 -1.8% $4 / Sq Ft
08/18/2015 08/18/15 For Rent $2,750 0.0% --
07/16/2014 07/16/14 Sold $380,000 -4.8% $495 / Sq Ft
07/02/2014 07/02/14 Pending -- -- --
06/25/2014 06/25/14 Price Changed $399,000 -2.7% $520 / Sq Ft
06/12/2014 06/12/14 Price Changed $410,000 -3.5% $534 / Sq Ft
05/09/2014 05/09/14 For Sale $425,000 0.0% $553 / Sq Ft
12/11/2013 12/11/13 Rented $2,000 -28.6% --
12/11/2013 12/11/13 Under Contract -- -- --
07/18/2013 07/18/13 For Rent $2,800 -- --
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 $7,667 $627,806 $502,246 $125,560
2024 $7,667 $615,498 $492,399 $123,099
2023 $7,540 $603,431 $482,745 $120,686
2022 $7,162 $591,600 $473,280 $118,320
2021 $5,283 $421,920 $337,537 $84,383
2020 $5,326 $417,594 $334,076 $83,518
2019 $5,112 $409,407 $327,526 $81,881
2018 $5,072 $401,380 $321,104 $80,276
2016 $4,861 $385,795 $308,636 $77,159
2015 $4,785 $380,000 $304,000 $76,000
2014 -- $367,669 $293,926 $73,743
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-288017

The MLS

APN: 5554-026-137