NOT LISTED FOR SALE

1225 Sanborn Ave Los Angeles, CA 90029

Estimated Value: $1,011,000 - $1,584,000

2 Beds
2 Baths
1,466 Sq Ft
$945/Sq Ft Est. Value

Last Sold January 16, 2015

Last sale price $700,000 $477 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $8,388/month

13 Days on Market

Highlights

  • Sound Studio
  • City Lights View
  • Deck
  • John Marshall Senior High Rated A
  • Craftsman Architecture
  • Fireplace in Guest House

About This Home

As of January 2015

HUGE price reduction..... Legal Duplex both 1 bed and 1 bath each.... Total of 2 beds and 2 baths. If you are not familiar with the area get to know it, Located in the one of the trendiest neighborhoods in LA. The very popular Sunset Junction in Silver Lake close to THREE major freeways the 2, the 5 and 101. GREAT shopping, cafes and Restaurants, yoga studios, Hollywood and downtown, Metro lines, Childrens Hospital and Dodger Stadium. Plans for MAJOR development very close by is already approved....Looking to live in one unit and get help with the mortgage from the other unit? One bed and Bath, upstairs presently rented for $800 but should be more. The main house is ready to occupy. VERY Nicely landscaped front and back with a private long driveway with room for 4 or 5 cars. This Craftsmen style look and upgraded interior has many features. Wood floors, formal dinning room with fireplace, built in book shelves, smooth ceilings, office study, copper plumbing, newer electrical panel and Large wood deck overlooking a Zen like garden. The back yard has a stand alone newly constructed Rec room, studio, storage or office. Just Built in October 2014, finished drywall, electrical and high wood beam ceilings. Location Location Location......

Last Agent to Sell the Property

Gil Azcarate

Pinnacle Estate Properties License #01298646 Listed on: 12/03/2014

Last Buyer's Agent

Gil Azcarate

Pinnacle Estate Properties License #01298646 Listed on: 12/03/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,113

Year Built

  • Built in 1912

Lot Details

  • 4,803 Sq Ft Lot
  • Wrought Iron Fence
  • Landscaped
  • Sprinkler System
  • Garden
  • Back and Front Yard

Home Design

  • Craftsman Architecture
  • Turnkey
  • Combination Foundation
  • Metal Roof
  • Partial Copper Plumbing

Interior Spaces

  • 1,466 Sq Ft Home
  • Dining Room
  • Library
  • Sound Studio
  • Wood Flooring
  • City Lights Views

Kitchen

  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Available
  • Driveway
  • Paved Parking

Outdoor Features

  • Deck
  • Wood Patio
  • Separate Outdoor Workshop
  • Shed

Utilities

  • Cooling Available
  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Accessible Parking
  • Fireplace in Guest House

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 54
  • Tax Tract Number 54
  • Assessor Parcel Number 5429011039

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,113

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Architectural Style: Craftsman
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5429011039
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1466.00
  • Interior Amenities: Copper Plumbing Partial, Tile Counters
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Dining Room
  • Fireplace Features: Guest House
  • Levels: Two
  • Price Per Square Foot: 477.49
  • Room Type: Library, Sound Studio

Exterior Features

  • Patio: Yes
  • Foundation: Combination
  • Other Structures: Storage, Shed(s), Workshop
  • View: City Lights
  • Fence: Yes
  • Fencing: Wrought Iron
  • Patio And Porch Features: Deck, Patio Open, Patio, Wood
  • Pool Private: No
  • Roof: Metal
  • Spa: No
  • Construction Materials: Unknown

Garage/Parking

  • Attached Garage: No
  • Parking: Yes
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected, Water Available
  • Heating: Yes
  • Appliances: Disposal, Gas Water Heater
  • Heating Type: Fireplace(s), Wall Furnace
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: Los Angeles Unified

Lot Info

  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Sprinkler System
  • Lot Size Sq Ft: 4803.00
  • Lot Size Acres: 0.1100

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4803.0000 Square Feet
  • Number Of Units In Community: 2
  • Number Of Units Total: 2

Tax Info

  • Tax Lot: 54
  • Tax Tract Number: 54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2014
Closed on
Jan 12, 2015
Sold by
Chesler Michael H
Bought by
Li Min and Zambricki John
Seller's Agent
Gil Azcarate
Pinnacle Estate Properties
Buyer's Agent
Gil Azcarate
Pinnacle Estate Properties
List Price
$699,900
Sold Price
$700,000
Premium/Discount to List
$100
0.01%
Current Estimated Value
$1,384,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$684,670
Avg. Annual Appreciation
6.43%
Original Mortgage
$533,850
Outstanding Balance
$411,724
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$944,819

Purchase Details

Closed on
Nov 4, 2013
Sold by
Chesler Michael H
Bought by
Chesler Michael H and Michael H Chesler Revocable Trust

Purchase Details

Closed on
Mar 12, 2007
Sold by
Chesler Michael H
Bought by
Chesler Michael H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2005
Sold by
Chesler Robin S
Bought by
Chesler Michael H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2005
Sold by
Gisser Michele R
Bought by
Chesler Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 1998
Sold by
Murphy Philip
Bought by
Edwards Michael and Mcclelland Ursula

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,500
Interest Rate
7.13%
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
Li Min $700,000 Priority Title
Chesler Michael H -- None Available
Chesler Michael H -- Alliance Title
Chesler Michael H -- Fidelity National Title Co
Chesler Michael $615,000 Fidelity National Title Co
Edwards Michael $290,000 Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Min $533,850
Previous Owner Chesler Michael H $417,000
Previous Owner Chesler Michael H $510,000
Previous Owner Chesler Michael $125,000
Previous Owner Chesler Michael $94,200
Previous Owner Chesler Michael $492,000
Previous Owner Gisser Michele R $100,000
Previous Owner Gisser Michelle R $315,000
Previous Owner Edwards Michael $246,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2015 01/16/15 Sold $700,000 0.0% $477 / Sq Ft
12/16/2014 12/16/14 Pending -- -- --
12/03/2014 12/03/14 For Sale $699,900 -- $477 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,113 $841,285 $673,031 $168,254
2024 $10,113 $824,790 $659,835 $164,955
2023 $9,917 $808,619 $646,898 $161,721
2022 $9,452 $792,764 $634,214 $158,550
2021 $9,335 $777,221 $621,779 $155,442
2019 $9,054 $754,171 $603,338 $150,833
2018 $9,010 $739,384 $591,508 $147,876
2016 $8,611 $710,675 $568,540 $142,135
2015 $1,833 $148,920 $44,974 $103,946
2014 $1,851 $146,004 $44,094 $101,910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14239130

California Regional Multiple Listing Service (CRMLS)

APN: 5429-011-039