NOT LISTED FOR SALE

1112 N Olive Dr Unit 3 West Hollywood, CA 90069

Estimated Value: $589,000 - $761,000

2 Beds
2 Baths
768 Sq Ft
$425/mo HOA Fee

Last Sold September 01, 2023

Last sale price $700,000 $911 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,754/month

24 Days on Market

Highlights

  • View of Trees or Woods
  • Ground Level Unit
  • Balcony
  • Contemporary Architecture
  • Quartz Countertops
  • 5-minute walk to Kings Road Park

About This Home

As of September 2023

This exceptional unit in West Hollywood offers an unbeatable combination of style, comfort, price, and location. It has been tastefully remodeled and is in impeccable condition, ready for immediate occupancy. Situated in the heart of WeHo, this 2-bedroom, 2-bathroom unit comes with the added convenience of 2 parking spots. The location is wonderful, only a few feet away from Santa Monica Blvd, Sunset Plaza, cafes, bars, Trader Joes, Sprouts, CVS, and more. Inside the unit, you will find recessed lights throughout, a spacious kitchen with quartz counters and a beautiful honeycomb backsplash. The kitchen is equipped with a newer stainless steel gas range and has a designated dining area. Additionally, there is a cozy balcony where you can enjoy your morning coffee. The recent remodeling spared no details, with new double-paned Milgard sliding doors and windows installed throughout. The bathrooms have been beautifully remodeled with new sinks and toilets. The HOA takes care of water, gas, trash, earthquake insurance, and grounds keeping. Furthermore, the unit offers an oversized storage space above the parking spots. Don't miss out on this incredible opportunity, as it is sure to be in high demand!

Last Agent to Sell the Property

Wilhelm Ordan

eXp Realty of Greater Los Angeles License #02037931 Listed on: 07/06/2023

eXp Realty of Greater Los Angeles

Co-Listed By

Raffe Balyan

eXp Realty of Greater Los Angeles License #02156794

Last Buyer's Agent

Wilhelm Ordan

eXp Realty of Greater Los Angeles License #02037931 Listed on: 07/06/2023

eXp Realty of Greater Los Angeles

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,670

Year Built

  • Built in 1972 | Remodeled

Lot Details

  • North Facing Home
  • Gated Home
  • Partially Fenced Property

HOA Fees

  • $425 Monthly HOA Fees

Home Design

  • Contemporary Architecture

Interior Spaces

  • 768 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Dining Area
  • Views of Woods

Kitchen

  • Gas and Electric Range
  • Microwave
  • Dishwasher
  • Quartz Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry in unit
  • Gas And Electric Dryer Hookup

Home Security

Parking

  • 2 Covered Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Property is located within a water district
  • Central Water Heater
  • Sewer in Street

Additional Features

  • Balcony
  • Ground Level Unit

Listing and Financial Details

  • Assessor Parcel Number 5554-026-139

Community Details

Overview

  • Association fees include earthquake insurance, gas, trash, water and sewer paid
  • 8 Units
  • Management Emporium Association
  • Maintained Community

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,670

Year Built

Built in 1972 | Remodeled

Lot Details

0

HOA Fees

$425 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary Mediterranean
  • Levels: Ground Level, One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: 1112 Olive HOA
  • Entry Floor: 1
  • Entry Location: Ground Level w/steps
  • Living Area: 768
  • Lot Acreage: 0.1378
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Unit Floor In Building: 1
  • Year Built: 1972
  • Number Of Photos: 30
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Laminate, Tile
  • Appliances: Gas/Electric Range
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Quartz Counters
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Gas Or Electric Dryer Hookup, Microwave, Refrigerator
  • Price Per S Q F T: 884.11
  • Windows: Double Pane Windows

Exterior Features

  • Balcony: South
  • Direction Faces: North
  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Fence: Partial
  • Pool: No
  • Spa Yn: No
  • View: Trees/Woods
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Wall Unit(s)
  • Earth Quake Ins: 1
  • Heating: Wall
  • Security: Carbon Monoxide Detector(s), Smoke Detector, Gated
  • Sewer: In Street
  • Water: District

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Assoc Pet Rules
  • Pet Rules: Assoc Pet Rules, Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Earthquake Insurance, Gas, Trash, Water and Sewer Paid
  • HOA Fees: 425.00
  • Management Company: Management Emporium
  • HOA: Yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Special Zoning: Rent Control
  • Horses: No
  • Assessor Parcel Number: 5554-026-139
  • Lot Size Area: 6004

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 8

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2023
Closed on
Aug 22, 2023
Sold by
Ilus Holdings Llc
Bought by
Sobkowiak Eliza Julia
Seller's Agent
Wilhelm Ordan
eXp Realty of Greater Los Angeles
Buyer's Agent
Wilhelm Ordan
eXp Realty of Greater Los Angeles
List Price
$679,000
Sold Price
$700,000
Premium/Discount to List
$21,000
3.09%
Views
82
Current Estimated Value
$666,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,026
Avg. Annual Appreciation
-2.80%
Original Mortgage
$420,000
Outstanding Balance
$411,360
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$249,749

Purchase Details

Listed on
Sep 3, 2021
Closed on
Sep 15, 2021
Sold by
Leon Hovik
Bought by
Ilus Holdings Llc
Seller's Agent
Wilhelm Ordan
eXp Realty of Greater Los Angeles
Buyer's Agent
Wilhelm Ordan
eXp Realty of Greater Los Angeles
List Price
$630,000
Sold Price
$630,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.58%

Purchase Details

Listed on
Dec 4, 2019
Closed on
Jan 2, 2020
Sold by
1112 Investment Company Llc
Bought by
Leon Hovik
Seller's Agent
Dafna Milstein
Keller Williams Beverly Hills
Buyer's Agent
Wilhelm Ordan
eXp Realty of Greater Los Angeles
List Price
$499,000
Sold Price
$530,000
Premium/Discount to List
$31,000
6.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.70%
Original Mortgage
$424,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2000
Sold by
1112 Investment Company Llc
Bought by
Dromy Ely 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
$123,500
Interest Rate
8.6%
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
Sobkowiak Eliza Julia $700,000 Lawyers Title
Ilus Holdings Llc $630,000 Lawyers Title Company
Leon Hovik $530,000 Chicago Title
Dromy Ely -- Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sobkowiak Eliza Julia $420,000
Previous Owner Leon Hovik $424,000
Previous Owner 1112 Investment Co Llc $315,000
Previous Owner Dromy Ely $123,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2023 09/01/23 Sold $700,000 +3.1% $911 / Sq Ft
07/31/2023 07/31/23 Pending -- -- --
07/06/2023 07/06/23 For Sale $679,000 +7.8% $884 / Sq Ft
09/22/2021 09/22/21 Sold $630,000 0.0% $820 / Sq Ft
09/09/2021 09/09/21 Pending -- -- --
09/07/2021 09/07/21 Off Market $630,000 -- --
09/03/2021 09/03/21 For Sale $630,000 +18.9% $820 / Sq Ft
01/10/2020 01/10/20 Sold $530,000 +6.2% $690 / Sq Ft
12/04/2019 12/04/19 For Sale $499,000 -- $650 / 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 $8,670 $714,000 $571,200 $142,800
2024 $8,670 $700,000 $560,000 $140,000
2023 $8,005 $642,600 $514,080 $128,520
2022 $7,603 $630,000 $504,000 $126,000
2021 $6,601 $535,490 $428,392 $107,098
2020 $2,258 $158,387 $48,663 $109,724
2019 $2,174 $155,282 $47,709 $107,573
2018 $2,149 $152,238 $46,774 $105,464
2016 $2,058 $146,328 $44,958 $101,370
2015 $2,028 $144,131 $44,283 $99,848
2014 $2,035 $141,309 $43,416 $97,893
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-280663

The MLS

APN: 5554-026-139