$380,000
SOLD JUL 16, 2014

1112 N Olive Dr Unit 1 West Hollywood, CA 90069

2 Beds
2 Baths
768 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$495 Per Sq Ft

11% Below List Price

54 Days on Market

Highlights

  • Gated Parking
  • Built-In Features
  • Security Service
  • Views of Trees
  • Living Room
  • 5-minute walk to Kings Road Park

About This Home

As of January 2021

Prime location in one of the most sought-after neighborhoods of West Hollywood. This upgraded 2 bed 2 bath front-facing unit brings in an abundance of natural light with an open floor plan. Great space to entertain with a bright kitchen that includes newer appliances, granite counter tops, and tile flooring. Attention to detail continues with crown molding and laminate floors throughout the unit. Walk to world-famous shops, restaurants, and night life on Sunset Blvd, Santa Monica Blvd, and Melrose Ave.

Last Agent to Sell the Property

Lorraine Casados

Equity Union License #01515350 Listed on: 05/09/2014

Equity Union

Co-Listed By

Nima Sajadi

The Agency License #01801102

Last Buyer's Agent

Randy Wright

Christie's International Real Estate SoCal License #01410916

Christie's International Real Estate SoCal

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,667

Year Built

  • Built in 1972

Lot Details

  • Gated Home

Interior Spaces

  • 768 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Living Room
  • Dining Area
  • Views of Trees
  • Laundry Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Covered Space
  • Covered Parking
  • Gated Parking

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 5554-026-137

Community Details

Pet Policy

  • Pets Allowed

Security

  • Security Service
  • Controlled Access

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,667

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Street Number Display: Yes
  • Complex Name: 1112 N Olive Dr
  • Entry Floor: 1
  • Living Area: 768
  • Planned Urban Dev: 1
  • Stories: 1
  • Unit Floor In Building: 1
  • Year Built: 1972
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Laminate, Tile
  • Bedrooms: 2
  • Fireplaces: 0
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community, Laundry Area
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Microwave, Range/Oven, Refrigerator
  • Fireplace: No
  • Price Per S Q F T: 519.53

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Tree Top, Walk Street
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Covered Parking
  • Total Parking: 1

Utilities

  • Cooling: Wall Unit(s)
  • Earth Quake Ins: 1
  • Heating: Wall
  • Security: Community, Gated

Association/Amenities

  • Amenities: Controlled Access, Gated Parking
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fees: 275.00

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 5554-026-137
  • Geocode Override: No
  • 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 Type Sale Price Title Company
Grant Deed $630,000 Fidelity National Title Co
Grant Deed $580,000 Lawyers Title
Grant Deed $380,000 Equity Title Co
Corporate Deed $350,000 None Available
Grant Deed $422,500 Accommodation
Grant Deed $441,000 Chicago Title Co
Grant Deed -- Equity
Grant Deed -- Chicago Title
Grant Deed -- Chicago Title
Grant Deed -- Chicago Title
Interfamily Deed Transfer -- Chicago Title Co
Grant Deed $205,000 Chicago Title
Gift Deed -- Equity Title
Grant Deed $895,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $504,000 New Conventional
Previous Owner $522,000 Commercial
Previous Owner $200,000 Commercial
Previous Owner $266,808 New Conventional
Previous Owner $280,000 Purchase Money Mortgage
Previous Owner $352,800 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $184,295 No Value Available
Previous Owner $140,000 No Value Available
Previous Owner $675,000 No Value Available
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: 14-758609

The MLS

APN: 5554-026-137