NOT LISTED FOR SALE

1557 Hi Point St Los Angeles, CA 90035

Mid-City Neighborhood

Estimated Value: $1,506,000 - $2,963,000

2 Beds
1 Bath
1,355 Sq Ft
$1,663/Sq Ft Est. Value

Last Sold March 05, 2020

Last sale price $1,950,000 $1,439 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $14,353/month

40 Days on Market

Highlights

  • No HOA
  • Fireplace
  • Living Room
  • Neighborhood Views
  • Cooling Available
  • Laundry Room

About This Home

As of March 2020

Development opportunity inside the "in demand", highly desired Beverlywood community of LA. Zoned LAR3, the subject property is a single-family home on a large, flat lot that is perfect for building multi-unit apartments, condos or small lot subs with/single family residences. The desirable LAR3 zoning allows for multiple units by right or apply with the city for a density bonus. Buyer to perform their own due-diligence with City of Los Angeles and LADBS regarding zoning, lot dimensions, number of allowable units, subdivisions and any special conditions.

Last Agent to Sell the Property

Geoffrey Gilstrap

Dwell California Real Estate & Investments, Inc. License #01830598 Listed on: 01/16/2020

Co-Listed By

Christopher De Bruno

Dwell California Real Estate & Investments, Inc. License #01346512

Last Buyer's Agent

Christopher DeBruno

Dwell California Real Estate & Investments, Inc. License #01346512

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,149

Year Built

  • Built in 1939

Lot Details

  • 8,500 Sq Ft Lot
  • Back and Front Yard
  • Value in Land
  • Tear Down
  • Property is zoned LAR3

Interior Spaces

  • 1,355 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Living Room
  • Neighborhood Views

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • Parking Available
  • Combination Of Materials Used In The Driveway

Location

  • Urban Location

Utilities

  • Cooling Available
  • Central Heating
  • Septic Type Unknown

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 3909
  • Assessor Parcel Number 5068016025

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,149

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Other Phone Description: 3106786323
  • Property Attached: No
  • View: Yes
  • Zoning: LAR3
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5068016025
  • Year Built: 1939
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1355.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1439.11
  • Room Type: All Bedrooms Down, Living Room, Main Floor Master Bedroom

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway - Combination

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer, Unknown
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Urban

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Tear Down, Value In Land
  • Lot Size Sq Ft: 8500.00
  • Lot Size Acres: 0.1951

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8500.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2167.00
  • Tax Lot: 23
  • Tax Tract Number: 3909

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
$2,253,800

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
-$913,323

Purchase Details

Closed on
Jan 28, 2021
Sold by
Lft Holdings 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
Jan 16, 2020
Closed on
Mar 3, 2020
Sold by
Gilstrap James Earl and Gilstrap Gloria
Bought by
Lft Holdings Llc
Seller's Agent
Geoffrey Gilstrap
Dwell California Real Estate & Investments, Inc.
Buyer's Agent
Christopher DeBruno
Dwell California Real Estate & Investments, Inc.
List Price
$2,000,000
Sold Price
$1,950,000
Premium/Discount to List
-$50,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.40%

Purchase Details

Closed on
May 26, 2005
Sold by
Gilstrap James Earl
Bought by
Gilstrap James Earl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 1996
Sold by
Gilstrap James E
Bought by
Gilstrap Gloria R
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
Liv Lux Properties 5 Llc -- North American Title
Liv Lux Properties 5 Llc $2,100,000 North American Title Company
Lft Holdings Llc $1,950,000 Lawyers Title Company
Gilstrap James Earl -- Old Republic Title Company
Gilstrap Gloria R -- Commonwealth Land Title 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 Gilstrap James Earl $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2020 03/05/20 Sold $1,950,000 -2.5% $1,439 / Sq Ft
01/16/2020 01/16/20 For Sale $2,000,000 -- $1,476 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $25,149 $2,110,742 $2,110,742 --
2024 $25,149 $2,069,355 $2,069,355 --
2023 $24,660 $2,028,780 $2,028,780 $0
2022 $23,508 $1,989,000 $1,989,000 $0
2021 $23,467 $1,970,201 $1,379,141 $591,060
2020 $2,626 $199,904 $112,849 $87,055
2019 $2,530 $195,986 $110,637 $85,349
2018 $2,449 $192,144 $108,468 $83,676
2016 $2,332 $184,685 $104,257 $80,428
2015 $2,300 $181,911 $102,691 $79,220
2014 $2,317 $178,349 $100,680 $77,669
Source: Public Records

Agents Affiliated with this Home

  • Geoffrey Gilstrap

    Seller's Agent in 2020

    Geoffrey Gilstrap

    Dwell California Real Estate & Investments, Inc.

    (818) 860-7661

    34 Total Sales

    Geoffrey Gilstrap
    Section Image

  • C

    Seller Co-Listing Agent in 2020

    Christopher De Bruno

    Dwell California Real Estate & Investments, Inc.

    (866) 316-2088

    21 Total Sales

    Christopher De Bruno
    Section Image

  • C

    Buyer's Agent in 2020

    Christopher DeBruno

    Dwell California Real Estate & Investments, Inc.

    (818) 451-9912

    4 Total Sales

    Christopher DeBruno
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20012631

California Regional Multiple Listing Service (CRMLS)

APN: 5068-016-025

California Los Angeles County Los Angeles 90035 Mid-City

1557 Hi Point St, Los Angeles, CA

This home is located at 1557 Hi Point St, Los Angeles, CA 90035 since 16 January 2020 and is currently estimated at $2,253,800, approximately $1,663 per square foot. This property was built in 1939. 1557 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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