NOT LISTED FOR SALE

1563 S Fairfax Ave Unit PH1 Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,541,000 - $1,946,985

3 Beds
2 Baths
1,057 Sq Ft
$1,690/Sq Ft Est. Value

Highlights

  • Gated Parking
  • No HOA
  • Laundry Room
  • Dumbwaiter
  • Views
  • Tile Flooring

About This Home

As of April 2023

Welcome to 1563 S Fairfax Ave, LA 90019. Almost brand new 2022 built apartment complex located in the heart of Fairfax District! Penthouse #1 is 3 BR/1.75 Bath. Step right out of your front door onto the main drag where you will be greeted with plenty of restaurants, bars, and entertainment to choose from. These beautifully designed apartments are equipped with sleek interiors, high ceilings, and recessed lighting. Modern kitchens with marbled quartz counter-tops, tasteful back-splash, and modern fixtures. Large windows in all the bedrooms allow tons of natural light which adds to the spacious and vibrant feel. Features: hardwood flooring, brand new appliances included, dryer, washer, microwave, refrigerator, stainless steel hood range, and dishwasher, central heating and cooling system, balcony. Parking is secured in the garage. Unit will be ready to move in around 1st week of May.

Last Agent to Rent the Property

Hovik Sarkissian

Providence Real Estate License #01137922 Listed on: 04/04/2023

Last Renter's Agent

Hovik Sarkissian

Providence Real Estate License #01137922

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,257

Year Built

  • Built in 2022

Lot Details

  • 6,884 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Gated Parking

Home Design

  • 1,057 Sq Ft Home
  • Apartment

Kitchen

  • Dumbwaiter
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System

Additional Features

  • Property Views

Listing and Financial Details

  • Security Deposit $3,490
  • Rent includes water
  • 12-Month Minimum Lease Term
  • Available 3/19/22
  • Assessor Parcel Number 5068021010

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • Not Applicable 105 Subdivision

Pet Policy

  • Pet Size Limit
  • Call for details about the types of pets allowed
  • Pet Deposit $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,257

Year Built

Built in 2022

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Pet Deposit, Security Deposit
  • Available Date: 2022-03-19
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 3490
  • Furnished: Unfurnished
  • Pets Allowed: Call, Size Limit

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable-105
  • View: Yes
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 5068021010
  • Year Built: 2022
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Living Area: 1057.00 Square Feet
  • Interior Amenities: Dumbwaiter
  • Entry Location: Elevator
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 3.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Gated
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6884.00
  • Lot Size Acres: 0.1580

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 6884.0000 Square Feet
  • Number Of Units In Community: 10
  • Number Of Units Total: 10
  • Rent Includes: Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2021
Sold by
Melkomians Hamlet
Bought by
Aa South Fairfax Llc
Current Estimated Value
$1,814,300

Purchase Details

Closed on
Jun 5, 2019
Sold by
Dersarkissian Jovana
Bought by
Melkomians Hamlet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 20, 2019
Sold by
Hughes Karen Hilary and Hughes Karen
Bought by
Melkomians Hamlet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 13, 1999
Sold by
Hughes Karen
Bought by
Hughes Eloy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
9.99%

Purchase Details

Closed on
Aug 18, 1999
Sold by
Hughes Karen
Bought by
Hughes Eloy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
9.99%

Purchase Details

Closed on
Mar 21, 1997
Sold by
Adams Robert
Bought by
Hughes Eloy and Hughes Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,696
Interest Rate
7.92%
Mortgage Type
FHA
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
Aa South Fairfax Llc -- None Available
Melkomians Hamlet -- Fidelity National Title
Melkomians Hamlet $1,200,000 Fidelity National Title
Hughes Eloy -- United Title Company
Hughes Eloy -- United Title Company
Hughes Eloy $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aa South Fairfax Llc $3,822,000
Previous Owner Melkomians Hamlet $840,000
Previous Owner Hughes Eloy $35,000
Previous Owner Hughes Eloy $656,000
Previous Owner Hughes Eloy $500,000
Previous Owner Hughes Eloy $242,250
Previous Owner Hughes Eloy $142,696
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2023 04/27/23 Rented $4,190 0.0% --
04/04/2023 04/04/23 For Rent $4,190 +2.4% --
03/19/2022 03/19/22 Rented $4,090 0.0% --
03/19/2022 03/19/22 For Rent $4,090 -- --
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 $16,257 $1,338,617 $1,070,895 $267,722
2024 $16,257 $1,312,371 $1,049,898 $262,473
2023 $15,948 $1,286,639 $1,029,312 $257,327
2022 $15,216 $1,261,412 $1,009,130 $252,282
2021 $15,027 $1,236,680 $989,344 $247,336
2020 $15,180 $1,224,000 $979,200 $244,800
2019 $10,995 $280,709 $152,579 $128,130
2018 $3,647 $275,206 $149,588 $125,618
2016 $3,474 $264,521 $143,780 $120,741
2015 $3,427 $260,549 $141,621 $118,928
2014 $3,448 $255,446 $138,847 $116,599
Source: Public Records

Agents Affiliated with this Home

  • H

    Landlord's Agent in 2023

    Hovik Sarkissian

    Providence Real Estate

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: GD23054561

California Regional Multiple Listing Service (CRMLS)

APN: 5068-021-010

California Los Angeles County Los Angeles 90019 Mid-City

1563 S Fairfax Ave Unit PH1, Los Angeles, CA

This home is located at 1563 S Fairfax Ave Unit PH1, Los Angeles, CA 90019 since 04 April 2023 and is currently priced at $1,786,746. This property was built in 2022. 1563 S Fairfax Ave Unit PH1 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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