NOT LISTED FOR SALE

1407 W 2nd St Los Angeles, CA 90026

Westlake Neighborhood

Estimated Value: $698,000 - $1,194,000

4 Beds
3 Baths
1,432 Sq Ft
$625/Sq Ft Est. Value

Last Sold April 02, 2012

Last sale price $205,000 $143 Per Sq Ft

Est. 337% increase in value since last sale

Current estimated payment $5,060/month

Highlights

  • Attached Guest House
  • Auto Driveway Gate
  • Modern Architecture
  • 24-Hour Security
  • Deck
  • 4-minute walk to Vista Hermosa Natural Park

About This Home

As of January 2023

Stunning gated compound with two separate homes completely rebuilt with high end finishes, built in sound system, 6+ car parking pavilion, central a/c and heating, security system, and tech features. This would be an excellent opportunity for live/work space, roommates, in-laws and creative space. Main home is 3 bed/2 bath with washer/dryer, fulled equipped kitchen, HUGE attic that could potential be used as a work space and/or storage. Separate attached 1 bedroom unit with fully equipped kitchen, inside laundry hook ups, full bath and its own private gated parking and entrance. Easy access to 110, 5, 10, and 101 freeways; minutes to the business and nightlife of downtown LA, as well as Dodger Stadium and its hip Silverlake/Echo Park districts.

Last Agent to Rent the Property

Sophia Germano

Sotheby's International Realty License #02067520 Listed on: 09/06/2022

Sotheby's International Realty

Last Renter's Agent

Sophia Germano

Sotheby's International Realty License #02067520

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,504

Year Built

  • Built in 1898

Lot Details

  • 4,444 Sq Ft Lot
  • Property is zoned LACW

Home Design

  • Modern Architecture

Interior Spaces

  • 1,432 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Entryway
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Storage
  • Laminate Flooring
  • Alarm System
  • Property Views
  • Attic

Kitchen

  • Breakfast Room
  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 6 Parking Spaces
  • Driveway
  • Auto Driveway Gate
  • On-Street Parking

Outdoor Features

  • Deck
  • Open Patio

Additional Homes

  • Attached Guest House

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $5,500
  • Tenant pays for cable TV, electricity, gas, water
  • 12 Month Lease Term
  • Assessor Parcel Number 5153-030-018

Community Details

Amenities

  • Sundeck
  • Community Storage Space

Security

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,504

Year Built

Built in 1898

Lot Details

0

Rental Info

  • Credit Report Required: Yes
  • Lease Option: 1
  • Security Deposit: 5500
  • Tenant Pays: Cable TV, Electricity, Gas, Water

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Single Family Or Apt: Single Family
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 1432
  • Stories: 1
  • Year Built: 1898
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Laundry - Closet Stacked, Storage Space
  • Flooring: Laminate
  • Bedrooms: 4
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Closet, In Unit, Inside, Laundry Closet Stacked
  • Total Bathrooms: 3.00
  • Equipment: Dishwasher, Dryer, Electric Dryer Hookup, Freezer, Gas Or Electric Dryer Hookup, Microwave, Range/Oven, Refrigerator, Washer, Alarm System, Built-Ins, Cable, Garbage Disposal, Gas Dryer Hookup
  • Price Per S Q F T: 3.28

Exterior Features

  • Guest House: Attached
  • Patio: Deck(s), Patio Open
  • Pool: No
  • View: Yes

Garage/Parking

  • Parking Garage: Auto Driveway Gate, Driveway, Driveway - Concrete, Driveway Gate, Gated, On street, Parking Space
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Amenities: Gated Parking, Extra Storage, Sun Deck, Security
  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 5153-030-018
  • Lot Size Area: 4444

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2023
Sold by
Yaghoubi Hassan and Yaghoubi Sabikeh
Bought by
1407 Second Street Llc
Current Estimated Value
$895,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Outstanding Balance
$595,502
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$299,612

Purchase Details

Closed on
May 3, 2019
Sold by
Hafarzadegan Sabikeh and Yaghoubi Hassan
Bought by
1407 Second Street Llc

Purchase Details

Listed on
Feb 21, 2012
Closed on
Mar 20, 2012
Sold by
Wells Fargo Bank Na
Bought by
Jafarzadegan Sabikeh and Yaghoubi Hassan
Seller's Agent
Ren Smith
Coldwell Banker Realty
Buyer's Agent
Wade Huie
Power Brokers
List Price
$200,000
Sold Price
$205,000
Premium/Discount to List
$5,000
2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.46%

Purchase Details

Closed on
Dec 16, 2011
Sold by
Benitez Martir
Bought by
Wells Fargo Bank N A

Purchase Details

Closed on
Jun 6, 2007
Sold by
Benitez Maria Nelly
Bought by
Benitez Martir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
7.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2007
Sold by
Rivas Sulma
Bought by
Benitez Martir

Purchase Details

Closed on
Feb 22, 2005
Sold by
Benitez Darwin
Bought by
Rivas Sulma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2004
Sold by
Benitez Darwin
Bought by
Benitez Darwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 1999
Sold by
Espinal Jose Patricio and Espinal Manuel J
Bought by
Benitez Darwin
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
1407 Second Street Llc -- Priority Title
Yaghoubi Hassan -- Priority Title
1407 Second Street Llc -- Fidelity National Title
Jafarzadegan Sabikeh $221,000 Servicelink
Wells Fargo Bank N A $157,500 Landsafe Title
Benitez Martir -- Alliance Title Company
Benitez Martir -- None Available
Rivas Sulma $400,000 Financial Title Company
Benitez Darwin -- United Title Glendale
Benitez Darwin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1407 Second Street Llc $610,000
Previous Owner Benitez Martir $420,000
Previous Owner Rivas Sulma $320,000
Previous Owner Benitez Darwin $217,000
Closed Rivas Sulma $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/02/2023 01/02/23 Rented $4,695 0.0% --
12/16/2022 12/16/22 Price Changed $4,695 -2.6% $3 / Sq Ft
12/14/2022 12/14/22 Price Changed $4,820 -1.0% $3 / Sq Ft
11/30/2022 11/30/22 Price Changed $4,870 -0.5% $3 / Sq Ft
11/04/2022 11/04/22 Price Changed $4,895 -3.0% $3 / Sq Ft
10/17/2022 10/17/22 Price Changed $5,045 -3.9% $4 / Sq Ft
09/28/2022 09/28/22 Price Changed $5,250 -4.5% $4 / Sq Ft
09/06/2022 09/06/22 For Rent $5,500 +19.6% --
07/22/2020 07/22/20 Rented $4,600 0.0% --
06/15/2020 06/15/20 For Rent $4,600 0.0% --
02/06/2020 02/06/20 Rented $4,600 -7.9% --
11/19/2019 11/19/19 Price Changed $4,995 -10.8% $3 / Sq Ft
09/23/2019 09/23/19 Price Changed $5,600 -6.3% $4 / Sq Ft
08/15/2019 08/15/19 For Rent $5,975 +24.6% --
09/01/2016 09/01/16 Rented $4,795 -1.0% --
08/23/2016 08/23/16 Price Changed $4,845 +1.0% $2 / Sq Ft
08/23/2016 08/23/16 Price Changed $4,795 -1.6% $2 / Sq Ft
08/16/2016 08/16/16 Price Changed $4,875 -1.5% $2 / Sq Ft
07/19/2016 07/19/16 For Rent $4,950 +23.8% --
07/20/2014 07/20/14 Rented $4,000 +28.0% --
07/11/2014 07/11/14 Under Contract -- -- --
05/19/2014 05/19/14 For Rent $3,125 0.0% --
04/02/2012 04/02/12 Sold $205,000 +2.5% $203 / Sq Ft View Prior Sale
03/12/2012 03/12/12 Pending -- -- --
02/21/2012 02/21/12 For Sale $200,000 -- $198 / 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 $4,504 $360,537 $222,064 $138,473
2024 $4,504 $353,468 $217,710 $135,758
2023 $4,423 $346,539 $213,442 $133,097
2022 $4,226 $339,745 $209,257 $130,488
2021 $4,157 $333,084 $205,154 $127,930
2019 $4,036 $323,207 $199,070 $124,137
2018 $3,985 $316,870 $195,167 $121,703
2016 $3,600 $288,935 $187,590 $101,345
2015 $3,549 $284,596 $184,773 $99,823
2014 $3,570 $279,022 $181,154 $97,868
Source: Public Records

Agents Affiliated with this Home

  • S

    Landlord's Agent in 2023

    Sophia Germano

    Sotheby's International Realty

    Section Image

  • S

    Seller's Agent in 2016

    Shahin Moarefi

    Shaheen Moarefi

    (310) 954-6797

    4 Total Sales

    Shahin Moarefi
    Section Image

  • E

    Seller's Agent in 2014

    Edy Roberts

    Douglas Elliman of California, Inc.

  • Ren Smith

    Seller's Agent in 2012

    Ren Smith

    Coldwell Banker Realty

    (310) 567-5704

    69 Total Sales

    Ren Smith
    Section Image
  • Wade Huie

    Buyer's Agent in 2012

    Wade Huie

    Power Brokers

    (310) 663-9172

    8 Total Sales

    Wade Huie
    Section Image
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Map

Source: The MLS

MLS Number: 22-196901

The MLS

APN: 5153-030-018

California Los Angeles County Los Angeles 90026 Westlake

1407 W 2nd St, Los Angeles, CA

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