NOT LISTED FOR SALE

148 S Las Palmas Ave Los Angeles, CA 90004

Hancock Park Neighborhood

Estimated Value: $7,276,000 - $8,846,449

5 Beds
6.5 Baths
6,127 Sq Ft
$1,299/Sq Ft Est. Value

Last Sold June 25, 2019

Last sale price $6,125,000 $1,000 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $48,623/month

31 Days on Market

Highlights

  • In Ground Pool
  • Primary Bedroom Suite
  • Maid or Guest Quarters
  • Third Street Elementary School Rated A
  • Two Primary Bathrooms
  • Fireplace in Primary Bedroom

About This Home

As of June 2019

Set back from the street, on a prime tree-lined block, this spectacular restoration of a Hancock Park classic is available for the first time. Enjoyed by the same family for over 70 years, and now lovingly restored by its current owner, this 5 bedroom 6.5 bath Paul Williams-designed Mediterranean is not to be missed! The home features 5 en-suite bedrooms including a spacious Master Suite with dual closets and baths, new sparkling pool, restored original steel framed windows and refinished original oak hardwood floors. Careful consideration was taken to preserve original details while delivering plenty of modern amenities such as iPad-controlled Lutron + NEST system, multi-zoned Sonos system, camera security system. Third Street School. There is great warmth and depth throughout. This is the house you have been waiting for!

Last Agent to Sell the Property

Jenna Cooper

Compass License #01352710 Listed on: 04/12/2019

Compass

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $81,244

Year Built

  • Built in 1926

Lot Details

  • 0.27 Acre Lot
  • Property is zoned LARE11

Home Design

  • Mediterranean Architecture

Interior Spaces

  • 6,127 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Entryway
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Den
  • Wood Flooring
  • Alarm System
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Double Oven
  • Gas Oven
  • Gas and Electric Range
  • Range Hood
  • Dishwasher
  • Kitchen Island
  • Marble Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • Two Primary Bathrooms
  • Powder Room
  • Maid or Guest Quarters

Parking

  • Garage
  • Porte-Cochere
  • Driveway

Outdoor Features

  • In Ground Pool
  • Open Patio
  • Outdoor Grill

Utilities

  • Forced Air Zoned Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5513-011-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$81,244

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mediterranean
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 6127
  • Stories: 2
  • Year Built: 1926
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Hardwood
  • Appliances: Double Oven, Gas/Electric Range, Oven-Gas, Range, Range Hood
  • Bedrooms: 5
  • Fireplaces: 2
  • Full Bathroom: 6
  • Half Bathroom: 1
  • Bedroom Features: Master Retreat, Master Suite, WalkInCloset
  • One Quarter Bathrooms: 0
  • Bathroom Features: 2 Master Baths, Powder Room, Remodeled
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Dining Area
  • Kitchen Features: Island, Marble Counters, Remodeled
  • Laundry: Laundry Area
  • Maids Room: 1
  • Total Bathrooms: 7.00
  • Equipment: Alarm System, Barbeque, Built-Ins, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 1101.68

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: In Ground
  • Pool: Yes
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway, Garage, Porte-Cochere

Utilities

  • Cooling: Central, Multi/Zone
  • Heating: Central, Zoned

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5513-011-007
  • Geocode Override: No
  • Lot Size Area: 11878

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2019
Sold by
Karatz Theodore and Karatz Heather
Bought by
Karatz Theodore Samuel and Karatz Heather Brooks
Current Estimated Value
$7,956,612

Purchase Details

Listed on
Apr 12, 2019
Closed on
Jun 14, 2019
Sold by
Marke Alian T and Cohen Mara A
Bought by
Karatz Theodore and Karatz Heather
Seller's Agent
Jenna Cooper
Compass
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$6,750,000
Sold Price
$6,125,000
Premium/Discount to List
-$625,000
-9.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.21%
Original Mortgage
$4,250,000
Outstanding Balance
$3,649,194
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,307,418

Purchase Details

Listed on
Apr 29, 2016
Closed on
Mar 18, 2016
Sold by
Colyear Richard Calhoun
Bought by
Marks Family Trust
Seller's Agent
Angela Bond
Keller Williams Larchmont
Buyer's Agent
Jenna Cooper
Compass
List Price
$3,900,000
Sold Price
$3,900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.36%
Original Mortgage
$3,510,000
Interest Rate
2.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Karatz Theodore Samuel -- None Available
Karatz Theodore $6,125,000 First American Title Company
Marks Family Trust $3,900,000 Fatcola
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karatz Theodore $4,250,000
Previous Owner Marks Family Trust $3,510,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/25/2019 06/25/19 Sold $6,125,000 -9.3% $1,000 / Sq Ft
04/12/2019 04/12/19 For Sale $6,750,000 +73.1% $1,102 / Sq Ft
04/29/2016 04/29/16 Sold $3,900,000 0.0% $637 / Sq Ft View Prior Sale
04/29/2016 04/29/16 Pending -- -- --
04/29/2016 04/29/16 For Sale $3,900,000 -- $637 / 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 $81,244 $6,832,549 $3,890,035 $2,942,514
2024 $81,244 $6,698,578 $3,813,760 $2,884,818
2023 $79,653 $6,567,234 $3,738,981 $2,828,253
2022 $75,921 $6,438,466 $3,665,668 $2,772,798
2021 $75,012 $6,312,223 $3,593,793 $2,718,430
2019 $20,849 $4,381,869 $2,929,464 $1,452,405
2018 $49,222 $4,057,559 $2,872,024 $1,185,535
2016 $6,341 $488,680 $205,025 $283,655
2015 $6,254 $481,341 $201,946 $279,395
2014 $6,282 $471,914 $197,991 $273,923
Source: Public Records

Agents Affiliated with this Home

  • Jenna Cooper

    Seller's Agent in 2019

    Jenna Cooper

    Compass

    (213) 784-7798

    21 in this area

    123 Total Sales

    Jenna Cooper
    Section Image

  • S

    Buyer's Agent in 2019

    Subscriber Non

    Non-Participant Office

  • Angela Bond

    Seller's Agent in 2016

    Angela Bond

    Keller Williams Larchmont

    (310) 666-5052

    37 Total Sales

    Angela Bond
    Section Image

  • C

    Seller Co-Listing Agent in 2016

    Christy Lindgren

    Keller Williams Larchmont

    Section Image
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Map

Source: The MLS

MLS Number: 19-454908

The MLS

APN: 5513-011-007

California Los Angeles County Los Angeles 90004 Hancock Park

148 S Las Palmas Ave, Los Angeles, CA

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