NOT LISTED FOR SALE

1551 Hi Point St Los Angeles, CA 90035

Mid-City Neighborhood

Estimated Value: $2,104,000 - $2,452,000

3 Beds
2 Baths
2,194 Sq Ft
$1,034/Sq Ft Est. Value

Last Sold July 16, 2020

Last sale price $1,800,000 $820 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $14,277/month

95 Days on Market

Highlights

  • Living Room with Fireplace
  • Tudor Architecture
  • Breakfast Area or Nook
  • Wood Flooring
  • No HOA
  • Laundry Room

About This Home

As of July 2020

Attention all developers. This is a great development opportunity in the highly desirable Beverlywood community of Los Angeles. This Tudor style single family residence, with most upgrades done in 2018 is zoned LAR3. The possibilities include but not limited to multi units apartment complex, condominium projects, small sub divided SFR and much more. This is one of the last lots on the block. With R3 zoning by designation, developers can apply for other variances with the city of Los Angeles. Buyer to conduct all due diligence and verify all zoning and permits. Broker or seller is not involved in the permit process. Appliances in the home are not included.

Last Agent to Sell the Property

Obie Nwabuzor

Pacific Playa Realty License #02020522 Listed on: 03/13/2020

Pacific Playa Realty

Last Buyer's Agent

Obie Nwabuzor

Pacific Playa Realty License #02020522 Listed on: 03/13/2020

Pacific Playa Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,302

Year Built

  • Built in 1937

Lot Details

  • 8,501 Sq Ft Lot
  • East Facing Home
  • Sprinkler System
  • Property is zoned LAR3

Parking

  • Driveway

Home Design

  • Tudor Architecture
  • Raised Foundation
  • Shake Roof
  • Wood Roof

Interior Spaces

  • 2,194 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Den with Fireplace
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Range with Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5068-016-024

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,302

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Tudor
  • Levels: One
  • Street Number Display: Yes
  • Entry Location: Ground Level - no steps
  • Living Area: 2194
  • Stories: 1
  • Year Built: 1937
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Den, Living Room
  • Flooring: Hardwood, Mixed
  • Appliances: Range, Range Hood
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Bathroom Features: Remodeled
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Gas Dryer Hookup, Range/Oven
  • Price Per S Q F T: 911.58

Exterior Features

  • Direction Faces: East
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Pool: No
  • Roof: Shake, Wood
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway, Garage - 2 Car

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Sprinkler System
  • Horses: No
  • Assessor Parcel Number: 5068-016-024
  • Geocode Override: No
  • Lot Size Area: 8501

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2023
Sold by
Liv Lux Properties 5 Llc
Bought by
Liv Lux Properties 5 Llc
Current Estimated Value
$2,268,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,360,000
Outstanding Balance
$3,257,883
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
-$893,450

Purchase Details

Closed on
Apr 9, 2021
Sold by
Doheny Estate Homes Llc
Bought by
Liv Lux Properties 5 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Interest Rate
3.05%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 13, 2020
Closed on
Jun 23, 2020
Sold by
Duff Joseph H and Duff Alice W
Bought by
Doheny Estate Homes Llc
Seller's Agent
Obie Nwabuzor
Pacific Playa Realty
Buyer's Agent
Obie Nwabuzor
Pacific Playa Realty
List Price
$2,000,000
Sold Price
$1,800,000
Premium/Discount to List
-$200,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.45%
Source: Public Records

Range of Values:

Collateral Analytics

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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
Liv Lux Properties 5 Llc -- North American Title
Liv Lux Properties 5 Llc $2,100,000 North American Title Company
Doheny Estate Homes Llc $1,800,000 Fidelity National Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liv Lux Properties 5 Llc $3,360,000
Previous Owner Liv Lux Properties 5 Llc $1,680,000
Previous Owner Duff Joseph H $250,000
Previous Owner Duff Joseph H $300,000
Previous Owner Duff Joseph H $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2020 07/16/20 Sold $1,800,000 -10.0% $820 / Sq Ft
06/16/2020 06/16/20 Pending -- -- --
03/13/2020 03/13/20 For Sale $2,000,000 -- $912 / 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 $23,302 $1,948,377 $1,948,377 --
2024 $23,302 $1,910,174 $1,910,174 --
2023 $22,851 $1,872,720 $1,872,720 $0
2022 $21,787 $1,836,000 $1,836,000 $0
2021 $21,522 $1,800,000 $1,800,000 $0
2020 $1,552 $105,893 $43,708 $62,185
2019 $1,362 $91,838 $42,851 $48,987
2018 $1,276 $90,038 $42,011 $48,027
2016 $1,198 $86,544 $40,381 $46,163
2015 $1,183 $85,245 $39,775 $45,470
2014 $1,198 $83,576 $38,996 $44,580
Source: Public Records

Agents Affiliated with this Home

  • Obie Nwabuzor

    Seller's Agent in 2020

    Obie Nwabuzor

    Pacific Playa Realty

    (310) 200-4649

    4 in this area

    157 Total Sales

    Obie Nwabuzor
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Map

Source: The MLS

MLS Number: 20-572476

The MLS

APN: 5068-016-024

California Los Angeles County Los Angeles 90035 Mid-City

1551 Hi Point St, Los Angeles, CA

This home is located at 1551 Hi Point St, Los Angeles, CA 90035 since 13 March 2020 and is currently estimated at $2,268,300, approximately $1,033 per square foot. This property was built in 1937. 1551 Hi Point St is a home located in Los Angeles County with nearby schools including Crescent Heights Boulevard Elementary School, Daniel Webster Middle School, and Alexander Hamilton Senior High School.

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