$980,000

Estimated payment $6,430/month

Total Views 4,071
3 Beds
3 Baths
1,285 Sq Ft
$763 Price per Sq Ft

Highlights

  • Art Studio
  • Traditional Architecture
  • Den
  • City Lights View
  • No HOA
  • 4-minute walk to Richardson Family Park

About This Home

Welcome to "Terrace House," an incredible opportunity to own a fully renovated, move-in ready home less than a mile from USC and located within the USC Department of Public Safety Patrol Zone. This house is a thoughtfully upgraded 3-bedroom, 3-bathroom residence that blends modern finishes with practical design and comfort. The first floor opens to a spacious wrap-around patio, ideal for entertaining or relaxing, while the second floor features a private terrace finished with turf, perfect for enjoying the LA sunshine. Inside, the open-concept living space centers around a sleek modern fireplace and flows seamlessly into a brand-new kitchen equipped with stainless steel appliances. Each bedroom is generously sized, and all three bathrooms have been stylishly remodeled. Additional highlights include in-unit laundry and parking for up to three cars a rare convenience in this highly sought-after neighborhood. Whether you're purchasing for personal use or as an investment near USC, this turnkey home offers outstanding value and long-term upside.

Listing Agent

Erik Lim

Hollywood Estates License #02141592 Listed on: 05/17/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,208

Year Built

  • Built in 1903 | Remodeled

Lot Details

  • 2,942 Sq Ft Lot
  • Lot Dimensions are 45x65
  • Property is zoned LAR2

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,285 Sq Ft Home
  • 2-Story Property
  • Electric Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Art Studio
  • Vinyl Plank Flooring
  • City Lights Views
  • Alarm System

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5040-024-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,208

Year Built

Built in 1903 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1285
  • Lot Acreage: 0.0676
  • Lot Dimensions: 45x65
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1903
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Electric
  • Flooring: Vinyl Plank
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Laundry: In Unit, Laundry Closet Stacked, Laundry Area
  • Total Bathrooms: 3.00
  • Den: 1
  • Equipment: Alarm System, Dishwasher, Dryer, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 762.65

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: City Lights
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 3

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5040-024-001
  • Lot Size Area: 2942

Rental Info

  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $13,208 $1,103,655 $848,966 $254,689
2024 $13,208 $1,082,016 $832,320 $249,696
2023 $12,954 $1,060,800 $816,000 $244,800
2022 $6,650 $550,800 $440,640 $110,160
2021 $2,736 $214,296 $149,753 $64,543
2020 $2,761 $212,100 $148,218 $63,882
2019 $2,657 $207,942 $145,312 $62,630
2018 $2,610 $203,865 $142,463 $61,402
2016 $2,488 $195,951 $136,932 $59,019
2015 $2,454 $193,009 $134,876 $58,133
2014 $2,471 $189,229 $132,234 $56,995
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2025 05/17/25 For Sale $980,000 +81.5% $763 / Sq Ft
02/02/2021 02/02/21 Sold $540,000 -10.0% $420 / Sq Ft
01/11/2021 01/11/21 Pending -- -- --
12/13/2020 12/13/20 Price Changed $599,999 -7.7% $467 / Sq Ft
10/31/2020 10/31/20 Price Changed $649,999 -7.1% $506 / Sq Ft
10/27/2020 10/27/20 For Sale $700,000 0.0% $545 / Sq Ft
10/26/2020 10/26/20 Pending -- -- --
10/25/2020 10/25/20 For Sale $700,000 -- $545 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Accommodation
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $540,000 Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $135,000 First American Title Co
Corporate Deed $75,000 Guardian Title Company
Trustee Deed $94,500 First Southwestern Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $133,334 FHA
Previous Owner $55,000 No Value Available
Closed $20,000 No Value Available
Source: Public Records

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Source: The MLS

MLS Number: 25542167

The MLS

APN: 5040-024-001