NOT LISTED FOR SALE

Estimated Value: $794,427 - $897,000

2 Beds
2 Baths
1,679 Sq Ft
$506/Sq Ft Est. Value

Last Sold November 04, 2024

Last sale price $787,500 $469 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,692/month

2 Days on Market

About This Home

As of November 2024

Welcome to an exquisite opportunity in the heart of Downtown Los Angeles an exceptional property that seamlessly blends historic charm with the potential for modern luxury. This distinguished property features three unique structures, each offering its own distinct appeal. The centerpiece is a stunning historic Queen Anne home, boasting 2 bedrooms and 2 baths. Lovingly preserved and meticulously maintained, this residence exudes timeless elegance with intricate architectural details and spacious interiors. Currently rented to USC students, this home not only offers a great experience for its inhabitants, but also serves as an income-generating asset. Tucked behind the main house, a bungalow awaits a beautifully appointed 1-bedroom, 1-bath that provides a private oasis for guests or additional rental income. With its cozy ambiance and stylish design, this space is ready to be reimagined for those seeking comfort and tranquility. A versatile storage garage adds to the property's functionality, offering practical utility and additional space to suit your needs.Perfectly positioned just moments from the USC campus and a short drive from the vibrant energy of Downtown Los Angeles, this property is situated in a neighborhood renowned for its consistent growth and rising prestige. Whether you're an investor looking for a prime asset or a parent seeking a premier residence for your USC student children, this property offers unparalleled value. Having been lovingly cared for by the same owner for decades, this is ready to be reimagined and elevated to its full potential, with the capacity to command even greater rental income. Don't miss your chance to own a piece of Los Angeles history while adding modern-day luxuries in an unbeatable location.

Last Agent to Sell the Property

Kirk Hawkins

First Team Real Estate License #01996101 Listed on: 09/30/2024

Last Buyer's Agent

Daniel Diaz

First Family Homes License #01148097

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1906

Lot Details

  • 5,885 Sq Ft Lot
  • Property is zoned LAR4

Parking

  • Driveway

Interior Spaces

  • 1,679 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window
  • Property is located within a water district

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5055-017-005

Home Details

Home Type

Single Family

Year Built

Built in 1906

Lot Details

5,885 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 1679
  • Lot Acreage: 0.1351
  • Year Built: 1906
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Bedrooms: 2
  • Common Walls: Detached/No Common Walls
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 475.88

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway

Utilities

  • Heating: Wall
  • Water: District

Lot Info

  • Assessed Improvement Percent: 11.09
  • Assessed Improvement Value: 9936
  • Assessed Land Percent: 88.91
  • Assessed Land Value: 79631
  • Total Assessed Value: 89567
  • Assessor Parcel Number: 5055-017-005
  • Lot Size Area: 5885

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 34.61
  • Number Of Units: 2
  • Type Of Units: 2
  • Vacancy Allow Percent: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2024
Closed on
Oct 19, 2024
Sold by
Nicholas An Margot Zinelis Family Trust and Zinelis Margot
Bought by
Gallardo Miguel and Gallardo Isabel
Seller's Agent
Kirk Hawkins
First Team Real Estate
Buyer's Agent
Daniel Diaz
First Family Homes
List Price
$799,000
Sold Price
$787,500
Premium/Discount to List
-$11,500
-1.44%
Views
133
Current Estimated Value
$868,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,087
Avg. Annual Appreciation
5.65%
Original Mortgage
$393,750
Outstanding Balance
$389,403
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$460,204

Purchase Details

Closed on
Feb 27, 2000
Sold by
Zinelis Nicholas A and Zinelis Margot
Bought by
Zinelis Nicholas A and Zinelis Margot
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gallardo Miguel $787,500 Provident Title Company
Zinelis Nicholas A -- --
Zinelis Nicholas A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallardo Miguel $393,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/04/2024 11/04/24 Sold $787,500 0.0% $469 / Sq Ft
11/04/2024 11/04/24 Sold $787,500 -1.4% $469 / Sq Ft View Prior Sale
10/02/2024 10/02/24 Pending -- -- --
10/02/2024 10/02/24 Pending -- -- --
09/30/2024 09/30/24 For Sale $799,000 0.0% $476 / Sq Ft
09/18/2024 09/18/24 For Sale $799,000 -- $476 / Sq Ft
Source: The MLS

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 $1,481 $787,500 $550,000 $237,500
2024 $1,481 $91,357 $81,223 $10,134
2023 $1,463 $89,567 $79,631 $9,936
2022 $1,411 $87,812 $78,070 $9,742
2021 $1,384 $86,091 $76,540 $9,551
2020 $1,392 $85,210 $75,756 $9,454
2019 $1,351 $83,540 $74,271 $9,269
2018 $1,219 $81,903 $72,815 $9,088
2016 $1,153 $78,725 $69,989 $8,736
2015 $1,139 $77,543 $68,938 $8,605
2014 $1,159 $76,025 $67,588 $8,437
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-442599

The MLS

APN: 5055-017-005

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