NOT LISTED FOR SALE

112 N Detroit St Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $2,446,000 - $3,026,707

6 Beds
4 Baths
4,514 Sq Ft
$597/Sq Ft Est. Value

Last Sold April 04, 2017

Last sale price $1,882,000 $417 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $16,352/month

10 Days on Market

Highlights

  • 4 Car Garage
  • Third Street Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of April 2017

Spanish Hancock Park Duplex - Circa 1931. Along Miracle mile & Hancock Park's tree-lined streets, adjacent and bordered by dining and boutique streets of Larchmont Village and Wilshire Park; This Duplex's central location is a prime location at N Detroit, just one block west of La Brea - between Beverly and W 3rd Streets in proximity to DTLA, Beverly Hills, Hollywood's entertainment, jobs and nightlife. Families and affluent residents take pride in their friendly, and welcoming neighborhood. Each unit functions as a full floor residential home with approx. over 2200 sq ft, 3 bed, 2BA +den and detached garages for each unit. The two combined units within the duplex equal approx.. 4514 sq fit on a total 6427 sq ft lot.

Last Agent to Sell the Property

Jeffrey Young

Sotheby's International Realty License #00977617 Listed on: 01/23/2017

Sotheby's International Realty

Last Buyer's Agent

Brooks Oldridge

Sotheby's International Realty License #01963509

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,224

Year Built

  • Built in 1931

Lot Details

  • 6,428

Interior Spaces

  • 4,514 Sq Ft Home
  • 2-Story Property
  • Gas Dryer Hookup

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Car Garage
  • Driveway
  • Assigned Parking

Additional Features

  • 6,428 Sq Ft Lot
  • Forced Air Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5513-002-029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,224

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4514
  • Stories: 2
  • Year Built: 1931
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 4.00
  • Equipment: Electric Dryer Hookup, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Range/Oven
  • Price Per S Q F T: 398.76

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned, Driveway, Driveway - Concrete, Garage - 4+ Car, Garage Is Detached
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central, Forced Air

Lot Info

  • Assessed Improvement Value: 138923
  • Assessed Land Value: 420997
  • Assessor Parcel Number: 5513-002-029
  • Geocode Override: No
  • Lot Size Area: 6428

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Type Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2017
Closed on
Mar 17, 2017
Sold by
Phillips Arianne L
Bought by
Razmer 2 Llc
Seller's Agent
Jeffrey Young
Sotheby's International Realty
Buyer's Agent
Brooks Oldridge
Sotheby's International Realty
List Price
$1,800,000
Sold Price
$1,882,000
Premium/Discount to List
$82,000
4.56%
Current Estimated Value
$2,693,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$811,177
Avg. Annual Appreciation
4.25%

Purchase Details

Closed on
Jul 9, 2013
Sold by
Phillips Arianne
Bought by
Phillips Arianne L and The Arianne L Phillips Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$719,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2011
Sold by
Phillips Arianne
Bought by
Phillips Arianne L and The Arianne L Phillips Trust

Purchase Details

Closed on
Oct 5, 2004
Sold by
Bernstein Saul
Bought by
Bernstein Rita Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 1995
Sold by
Phillips Daniel I and Phillips Judith L
Bought by
Phillips Arianne

Purchase Details

Closed on
Mar 31, 1995
Sold by
Stodel Jeffrey C and The Edward C Stodel Trust
Bought by
Phillips Daniel I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,250
Interest Rate
8.81%

Purchase Details

Closed on
Jun 15, 1994
Sold by
Stodel Jeffrey C
Bought by
Stodel Jeffrey C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
8.56%
Source: Public Records

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
Razmer 2 Llc $1,882,000 Lawyers Title
Phillips Arianne L -- None Available
Phillips Arianne -- Nations Title Company Of Ca
Phillips Arianne L -- None Available
Bernstein Rita Linda -- Landsafe Title Of California
Phillips Arianne -- --
Phillips Daniel I $399,000 Southland Title Corporation
Stodel Jeffrey C -- First Southwestern Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Phillips Arianne $719,000
Previous Owner Bernstein Rita Linda $650,000
Previous Owner Phillips Daniel I $299,250
Previous Owner Stodel Jeffrey C $63,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/04/2017 04/04/17 Sold $1,882,000 +4.6% $417 / Sq Ft
02/02/2017 02/02/17 Pending -- -- --
01/23/2017 01/23/17 For Sale $1,800,000 -- $399 / 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 $26,224 $2,184,217 $1,624,818 $559,399
2024 $26,224 $2,141,390 $1,592,959 $548,431
2023 $25,718 $2,099,403 $1,561,725 $537,678
2022 $24,523 $2,058,239 $1,531,103 $527,136
2021 $24,210 $2,017,882 $1,501,082 $516,800
2020 $24,460 $1,997,192 $1,485,691 $511,501
2019 $23,484 $1,958,032 $1,456,560 $501,472
2018 $23,367 $1,919,640 $1,428,000 $491,640
2016 $7,013 $559,920 $420,997 $138,923
2015 $6,913 $551,511 $414,674 $136,837
2014 $6,947 $540,709 $406,552 $134,157
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Young

    Seller's Agent in 2017

    Jeffrey Young

    Sotheby's International Realty

    (213) 819-9630

    36 Total Sales

    Jeffrey Young
    Section Image

  • B

    Buyer's Agent in 2017

    Brooks Oldridge

    Sotheby's International Realty

    Section Image
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Map

Source: The MLS

MLS Number: 17-195572

The MLS

APN: 5513-002-029

California Los Angeles County Los Angeles 90036 Melrose

112 N Detroit St, Los Angeles, CA

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