NOT LISTED FOR SALE

1516 Wellesley Ave Los Angeles, CA 90025

Sawtelle Neighborhood

Estimated Value: $1,784,000 - $1,971,216

4 Beds
2 Baths
1,620 Sq Ft
$1,140/Sq Ft Est. Value

Last Sold April 12, 2013

Last sale price $905,000 $559 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $10,775/month

15 Days on Market

Highlights

  • 2 Car Detached Garage
  • Floor Furnace
  • 3-minute walk to Ohio And Bundy Triangle Park
  • Ceiling Fan
  • 1-Story Property

About This Home

As of April 2013

This very charming California Bungalow style duplex is in great condition and has been nicely maintained. Updated front unit has 2 beds, 1 bath, spacious living rooms, hardwood floors and bright and airy with plenty of large windows. Original rear unit has 2 beds, 1 bath, spacious living rooms, hardwood floors. Both units will be delivered VACANT. The rear of the property features a nice and lush backyard & 2 car garage. The front unit was recently remodeled. Has hardwood floors, custom paint, crown moldings, new light fixtures with dimmers, new washer & dryer, tank-less water heater. New doors & dual paned windows. New garage door. New gas meter and pipe. Lush landscaping with fruit trees. Fantastic location near shopping, dining and walk streets.

Last Agent to Sell the Property

Behnam Kanani

United Real Estate Professionals License #01878686 Listed on: 01/08/2013

United Real Estate Professionals

Last Buyer's Agent

Mitra Moradifar

Compass License #01230785

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,306

Year Built

  • Built in 1941

Lot Details

  • 6,311 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 1,620 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4263-039-018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,306

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1620
  • Stories: 1
  • Year Built: 1941
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Equipment: Cable, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 493.21

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Detached, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Ceiling Fan, Wall/Window
  • Heating: Floor Furnace

Lot Info

  • Assessed Improvement Value: 201506
  • Assessed Land Value: 604518
  • Assessor Parcel Number: 4263-039-018
  • Geocode Override: No
  • Lot Size Area: 6311

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.92
  • Number Of Units: 2
  • Type Of Units: 2+1, 2+1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2013
Sold by
Melamed Dorice
Bought by
Omeade Llc
Current Estimated Value
$1,846,804

Purchase Details

Listed on
Jan 8, 2013
Closed on
Apr 3, 2013
Sold by
Melamed Jacob
Bought by
Melamed Dorice
Seller's Agent
Behnam Kanani
United Real Estate Professionals
Buyer's Agent
Mitra Moradifar
Compass
List Price
$799,000
Sold Price
$905,000
Premium/Discount to List
$106,000
13.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.85%

Purchase Details

Closed on
Jan 25, 2013
Sold by
Bula Joseph F
Bought by
Melamed Dorice

Purchase Details

Closed on
Apr 11, 2012
Sold by
Kazimierz Stawiarski Trust
Bought by
Bula Joseph F

Purchase Details

Closed on
Apr 20, 2006
Sold by
Stawiarski Kazimierz
Bought by
Stawiarski Kazimierz and The Kazimierz Stawiarski Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2002
Sold by
Stawiarski Kazimierz and The Kazimierz Stawiarski Livin
Bought by
Stawiarski Kazimierz and The Kazimierz Stawiarski Revocable Trust

Purchase Details

Closed on
Dec 8, 1995
Sold by
Stawiarski Kazimierz
Bought by
Stawiarski Kazimierz and Kazimierz Stawiarski Living 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
Omeade Llc -- Accommodation
Melamed Dorice -- Fidelity National Title
Melamed Dorice $905,000 First National Title
Bula Joseph F -- None Available
Stawiarski Kazimierz -- Fidelity National Financial
Stawiarski Kazimierz -- Fidelity National Financial
Stawiarski Kazimierz -- --
Stawiarski Kazimierz -- --
Stawiarski Kazimierz -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stawiarski Kazimierz $520,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2013 04/12/13 Sold $905,000 +13.3% $559 / Sq Ft
01/23/2013 01/23/13 Pending -- -- --
01/08/2013 01/08/13 For Sale $799,000 -- $493 / 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 $13,306 $1,109,394 $386,140 $723,254
2024 $13,306 $1,087,642 $378,569 $709,073
2023 $13,051 $1,066,317 $371,147 $695,170
2022 $12,445 $1,045,410 $363,870 $681,540
2021 $12,290 $1,024,913 $356,736 $668,177
2019 $11,922 $994,515 $346,156 $648,359
2018 $11,848 $975,016 $339,369 $635,647
2016 $11,331 $937,157 $326,192 $610,965
2015 $11,165 $923,081 $321,293 $601,788
2014 $11,209 $905,000 $315,000 $590,000
Source: Public Records

Agents Affiliated with this Home

  • Behnam Kanani

    Seller's Agent in 2013

    Behnam Kanani

    United Real Estate Professionals

    (310) 926-8469

    12 Total Sales

    Behnam Kanani
    Section Image

  • M

    Buyer's Agent in 2013

    Mitra Moradifar

    Compass

    (310) 383-7253

    1 in this area

    18 Total Sales

    Mitra Moradifar
    Section Image
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Map

Source: The MLS

MLS Number: 13-643853

The MLS

APN: 4263-039-018

California Los Angeles County Los Angeles 90025 Sawtelle

1516 Wellesley Ave, Los Angeles, CA

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