NOT LISTED FOR SALE

1244 N Las Palmas Ave Los Angeles, CA 90038

Hollywood Neighborhood

Estimated Value: $1,774,000 - $2,387,257

6 Beds
3 Baths
2,998 Sq Ft
$694/Sq Ft Est. Value

Last Sold March 26, 2020

Last sale price $1,732,000 $578 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $13,226/month

7 Days on Market

Highlights

  • Central Heating and Cooling System
  • Ceiling Fan
  • 4-minute walk to De Longpre Park

About This Home

As of March 2020

Imagine owning a triplex in the heart of Hollywood! To be more specific, a Craftsman Bungalow with a duplex in the rear (built in 2006). The Bungalow will be delivered vacant, as well as the upper unit of the duplex. The front house has been freshly painted and is move-in ready. The upper unit of the duplex was primarily used for Airbnb and has been consistently rented because of its proximity to all that's happening. Don't miss out on this great opportunity. So many possibilities for a owner user/investor or developer.

Last Agent to Sell the Property

Jessica Bravo

Real Estate Collective License #01419380 Listed on: 02/07/2020

Last Buyer's Agent

Lena Sur

License #01491567

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,851

Year Built

  • Built in 1921

Lot Details

  • 7,531 Sq Ft Lot

Parking

  • 5 Parking Spaces

Interior Spaces

  • 2,998 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Decorative Fireplace

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System
  • Floor Furnace

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5532-003-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,851

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2998
  • Stories: 2
  • Year Built: 1921
  • Number Of Photos: 34
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Decorative
  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 566.71

Exterior Features

  • Other Structures: Other
  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Parking Space
  • Total Parking: 5

Utilities

  • Cooling: Air Conditioning, Central, Window Unit(s)
  • Heating: Central, Floor Furnace

Lot Info

  • Assessed Improvement Value: 310455
  • Assessed Land Value: 313975
  • Assessor Parcel Number: 5532-003-004
  • Geocode Override: No
  • Lot Size Area: 7531

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.50
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: 3
  • Vacancy Rate: 66%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2020
Closed on
Mar 19, 2020
Sold by
Giles Aimee K and Giles Ryan
Bought by
Se Hong O and Se Deok Ja
Seller's Agent
Jessica Bravo
Real Estate Collective
Buyer's Agent
Lena Sur
List Price
$1,699,000
Sold Price
$1,732,000
Premium/Discount to List
$33,000
1.94%
Current Estimated Value
$2,081,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,814
Avg. Annual Appreciation
4.76%
Original Mortgage
$435,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2006
Sold by
Dekeyser William R and De Keyser Kyung H
Bought by
Giles Aimee K and Giles Ryan

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
6.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2002
Sold by
Giles Ryan
Bought by
Giles Aimee K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,600
Interest Rate
6.6%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 25, 2002
Sold by
Fernandez Milton A and Campbell Carmen Lygia
Bought by
Dekeyser William R and Dekeyser Kyung H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,600
Interest Rate
6.6%
Mortgage Type
Balloon

Purchase Details

Closed on
Mar 29, 2001
Sold by
Fernandez Toni
Bought by
Fernandez Antonia and Antonia Fernandez Trust
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
Se Hong O $1,735,000 Chicago Title Company
Giles Aimee K -- Investors Title Company
Giles Aimee K -- United Title Company
Dekeyser William R $314,500 United Title Company
Fernandez Antonia -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oo Se Hong $430,000
Closed Se Hong O $435,000
Previous Owner Giles Aimee K $780,000
Previous Owner Giles Aimee K $155,900
Previous Owner Giles Aimee K $650,000
Previous Owner Dekeyser William R $250,000
Previous Owner Dekeyser William R $150,000
Previous Owner Dekeyser William R $250,800
Previous Owner Dekeyser William R $250,600
Previous Owner Dekeyser William R $251,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2020 03/26/20 Sold $1,732,000 +1.9% $578 / Sq Ft
02/14/2020 02/14/20 Pending -- -- --
02/07/2020 02/07/20 For Sale $1,699,000 -- $567 / 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 $22,851 $1,897,470 $1,203,008 $694,462
2024 $22,851 $1,860,266 $1,179,420 $680,846
2023 $22,412 $1,823,792 $1,156,295 $667,497
2022 $21,375 $1,788,032 $1,133,623 $654,409
2021 $21,111 $1,752,974 $1,111,396 $641,578
2020 $8,374 $662,648 $333,192 $329,456
2019 $8,053 $649,656 $326,659 $322,997
2018 $7,915 $636,918 $320,254 $316,664
2016 $7,549 $612,187 $307,819 $304,368
2015 $7,440 $602,993 $303,196 $299,797
2014 $7,481 $591,182 $297,257 $293,925
Source: Public Records

Agents Affiliated with this Home

  • Jessica Bravo

    Seller's Agent in 2020

    Jessica Bravo

    Real Estate Collective

    (213) 400-4735

    20 Total Sales

    Jessica Bravo
    Section Image

  • L

    Buyer's Agent in 2020

    Lena Sur

See All Agents

Map

Source: The MLS

MLS Number: 20-552242

The MLS

APN: 5532-003-004

California Los Angeles County Los Angeles 90038 Hollywood

1244 N Las Palmas Ave, Los Angeles, CA

This home is located at 1244 N Las Palmas Ave, Los Angeles, CA 90038 since 07 February 2020 and is currently estimated at $2,081,814, approximately $694 per square foot. This property was built in 1921. 1244 N Las Palmas Ave is a home located in Los Angeles County with nearby schools including Vine Street Elementary School, Hubert Howe Bancroft Middle School, and Hollywood Senior High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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