NOT LISTED FOR SALE

1506 Westerly Terrace Los Angeles, CA 90026

Estimated Value: $1,421,830 - $1,898,000

2 Beds
1.5 Baths
1,016 Sq Ft
$1,607/Sq Ft Est. Value

Last Sold December 15, 2020

Last sale price $1,255,000 $1,235 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $9,895/month

Highlights

  • Views of Trees
  • Traditional Architecture
  • Bonus Room
  • John Marshall Senior High Rated A
  • Wood Flooring
  • Home Office

About This Home

As of September 2024

Welcome to this enchanting Traditional residence nestled in the vibrant heart of Silver Lake. Perfectly situated, it boasts an ideal location just minutes away from the local dog park and within close proximity to a myriad of shops and restaurants. Step inside this delightful home to discover a captivating open layout, featuring a chef's kitchen that is sure to inspire culinary creativity. The seamless flow between the living room, dining area, and kitchen lends itself to effortless entertaining, enhanced further by the charming bistro balcony. The residence offers two inviting bedrooms, each offering access to a breathtaking ironwood deck. The owners have also converted the garage into a studio space which can be used as a gym, office, art space etc. (Garage can also be used for parking if requested). With its multi-layered terraces and exquisitely landscaped surroundings, this home presents an abundance of desirable features and a truly alluring ambiance.

Last Agent to Rent the Property

Steven Vernet

NDA Inc License #02148250 Listed on: 08/01/2024

Co-Listed By

Casey Napolitano

NDA Inc License #01910249

Last Renter's Agent

Steven Vernet

NDA Inc License #02148250 Listed on: 08/01/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,163

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 4,989 Sq Ft Lot
  • Fenced
  • Back Yard
  • Property is zoned LARD1.5

Property Views

  • Trees
  • Canyon
  • Mountain
  • Hills

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,016 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Home Office
  • Bonus Room
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Powder Room

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Converted Garage
  • Driveway
  • On-Street Parking

Outdoor Features

  • Open Patio
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan

Listing and Financial Details

  • Security Deposit $6,999
  • Tenant pays for electricity, cable TV, gardener, gas, water
  • 12 Month Lease Term
  • Assessor Parcel Number 5425-018-010

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,163

Year Built

Built in 1955 | Remodeled

Lot Details

0

Rental Info

  • Lease Option: 1
  • Security Deposit: 6999
  • Tenant Pays: Electricity, Cable TV, Gardener, Gas, Water

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Single Family Or Apt: Single Family
  • Levels: One
  • Street Number Display: Yes
  • Lease Terms: 1-Year
  • Living Area: 1016
  • Lot Acreage: 0.1145
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Garage
  • Total Bathrooms: 2.00
  • Equipment: Gas Or Electric Dryer Hookup, Dishwasher, Ice Maker, Microwave, Freezer, Garbage Disposal, Refrigerator, Range/Oven, Vented Exhaust Fan, Washer, Barbeque, Dryer, Built-Ins
  • Price Per S Q F T: 6.89

Exterior Features

  • Pool: No
  • View: Canyon, Tree Top, Mountains, Hills
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway, On street
  • Total Parking: 1

Utilities

  • Cooling: Central, Air Conditioning
  • Heating: Central

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 5425-018-010
  • Lot Description: Fenced, Back Yard
  • Lot Size Area: 4989

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2020
Closed on
Dec 11, 2020
Sold by
Williamson Marc J and Williamson Sally I
Bought by
Gorlick Jarrett and Zamanzadeh Nicole
Seller's Agent
Sally Williamson
Keller Williams Realty Los Feliz
Buyer's Agent
Shannon Hayon
NDA Inc
List Price
$1,279,000
Sold Price
$1,255,000
Premium/Discount to List
-$24,000
-1.88%
Current Estimated Value
$1,632,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$377,958
Avg. Annual Appreciation
5.55%
Original Mortgage
$1,004,000
Outstanding Balance
$895,453
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$737,505

Purchase Details

Listed on
Sep 23, 2018
Closed on
Oct 18, 2018
Sold by
Tello Jose R and Tello Lilda
Bought by
Williamson Marc J and Williamson Sally I
Seller's Agent
Daniel Rodriguez
First Class Real Estate
Buyer's Agent
Ricky Martinez
Ricky Martinez And Associates
List Price
$999,000
Sold Price
$815,000
Premium/Discount to List
-$184,000
-18.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.58%
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
Gorlick Jarrett $1,255,000 Chicago Title
Williamson Marc J $815,000 Orange Coast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gorlick Jarrett $1,004,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/15/2024 09/15/24 Rented $6,999 0.0% --
08/01/2024 08/01/24 For Rent $6,999 0.0% --
12/15/2020 12/15/20 Sold $1,255,000 -1.9% $1,235 / Sq Ft View Prior Sale
11/13/2020 11/13/20 Pending -- -- --
10/09/2020 10/09/20 For Sale $1,279,000 +56.9% $1,259 / Sq Ft
11/01/2018 11/01/18 Sold $815,000 -18.4% $802 / Sq Ft View Prior Sale
10/17/2018 10/17/18 Pending -- -- --
09/23/2018 09/23/18 For Sale $999,000 -- $983 / 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 $16,163 $1,358,450 $1,086,761 $271,689
2024 $16,163 $1,331,814 $1,065,452 $266,362
2023 $15,846 $1,305,701 $1,044,561 $261,140
2022 $15,100 $1,280,100 $1,024,080 $256,020
2021 $14,921 $1,255,000 $1,004,000 $251,000
2020 $10,146 $831,300 $665,040 $166,260
2019 $9,740 $815,000 $652,000 $163,000
2018 $756 $58,994 $30,145 $28,849
2016 $707 $56,705 $28,975 $27,730
2015 $697 $55,854 $28,540 $27,314
2014 $708 $54,760 $27,981 $26,779
Source: Public Records

Agents Affiliated with this Home

  • Steven Vernet

    Landlord's Agent in 2024

    Steven Vernet

    NDA Inc

    (323) 304-9903

    1 in this area

    10 Total Sales

    Steven Vernet
    Section Image
  • Casey Napolitano

    Landlord's Co-Listing Agent in 2024

    Casey Napolitano

    NDA Inc

    (818) 404-5090

    2 in this area

    60 Total Sales

    Casey Napolitano
    Section Image

  • S

    Seller's Agent in 2020

    Sally Williamson

    Keller Williams Realty Los Feliz

    (323) 300-1000

    2 in this area

    4 Total Sales

    Sally Williamson
    Section Image
  • Shannon Hayon

    Buyer's Agent in 2020

    Shannon Hayon

    NDA Inc

    (818) 926-6121

    1 in this area

    306 Total Sales

    Shannon Hayon
    Section Image

  • C

    Buyer Co-Listing Agent in 2020

    Casey Winchell

    Kennedy Wilson Real Estate Sales & Marketing

  • D

    Seller's Agent in 2018

    Daniel Rodriguez

    First Class Real Estate

    (818) 569-0210

    Daniel Rodriguez
    Section Image
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Map

Source: The MLS

MLS Number: 24-422115

The MLS

APN: 5425-018-010

California Los Angeles County Los Angeles 90026

1506 Westerly Terrace, Los Angeles, CA

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