Seller's Agent in 2024
Felipe Crook
eXp Realty of Greater Los Angeles
(702) 683-2169
2 in this area
44 Total Sales
1654 S Stanley Ave Los Angeles, CA 90019
Mid-City NeighborhoodEstimated Value: $1,478,000 - $1,949,000
5
Beds
3
Baths
2,208
Sq Ft
$772/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Quartz Countertops
- Laundry Room
- Spanish Architecture
- Shutters
- Central Heating and Cooling System
About This Home
As of April 2024Discover an exceptional Picfair Village duplex now on the market for the first time in over 17 years, offering a rare investment opportunity. Minutes away from Culver City, West Hollywood, and Beverly Hills, this property features a mix of units: a 3-bedroom 1.5-bath, and a 2-bedroom 1-bath, each designed to maximize comfort and appeal to a wide range of tenants. Each unit has its own private outdoor space making this an attractive duplex for owner-occupants or investors. The units have a history of generating significant income through short-term monthly rentals. The property includes stamped and APPROVED plans to convert the garage into a luxurious 2-bedroom, 2-bath Accessory Dwelling Unit (ADU) with 800 sqft of living space and a rooftop deck with views of Century City. This addition enhances the property's value and promises to increase its income-generating capabilities. Whether you choose to occupy one unit and lease the others, or capitalize on the full rental capacity, this property is poised to deliver an attractive annual income. With the flexibility to adjust rents in line with market conditions, this investment stands out as a not-to-be-missed opportunity for those seeking a property with strong income potential and growth. The neighborhood boasts lots of restaurants and amenities just a short distance away.
Last Agent to Sell the Property
eXp Realty of Greater Los Angeles Brokerage Phone: 213-268-6832 License #02047440 Listed on: 03/05/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,136
Year Built
- Built in 1932
Lot Details
- 6,955 Sq Ft Lot
- 1 Common Wall
- Block Wall Fence
- Chain Link Fence
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
- Parking Available
- Driveway
Home Design
- Duplex
- Spanish Architecture
- Entry on the 1st floor
- Flat Roof Shape
- Raised Foundation
- Tile Roof
Interior Spaces
- 2,208 Sq Ft Home
- 1-Story Property
- Shutters
Kitchen
- Gas Range
- Quartz Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Legal Lot and Block 12 / 6
- Tax Tract Number 3983
- Assessor Parcel Number 5069016012
- $381 per year additional tax assessments
Community Details
Overview
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $504
- Fuel Expense $551
- Gardener Expense $900
- Insurance Expense $3,000
- Trash Expense $491
- Water Sewer Expense $1,113
- Operating Expense $6,519
- Net Operating Income $107,481
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 5, 2024
Closed on
Apr 3, 2024
Sold by
Harrell Lantz M
Bought by
Kim Sattar Family Trust and Kim
Seller's Agent
Felipe Crook
eXp Realty of Greater Los Angeles
Buyer's Agent
Tina Cameron
Compass
List Price
$1,795,000
Sold Price
$1,804,000
Premium/Discount to List
$9,000
0.5%
Views
31
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$99,766
Avg. Annual Appreciation
-3.60%
Purchase Details
Closed on
Jun 26, 2007
Sold by
Harrell Lantz M
Bought by
Harrell Lantz M
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
7.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 13, 2006
Sold by
Gaines Hazel J
Bought by
Harrell Lantz
Purchase Details
Closed on
Feb 14, 2005
Sold by
Vista Del Mar Development Inc
Bought by
Gaines Hazel J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$624,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 27, 2004
Sold by
Magdaleno Blanca E
Bought by
Magdaleno Ruben
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 14, 2004
Sold by
Younger Vivian M
Bought by
Magdaleno Ruben
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 8, 2001
Sold by
Andrews Donna J
Bought by
Younger Vivian M
Purchase Details
Closed on
May 20, 1999
Sold by
Younger Vivian M
Bought by
Andrews Donna J
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kim Sattar Family Trust | $1,804,000 | Lawyers Title Company | |
| Harrell Lantz M | -- | Old Republic Title Company | |
| Harrell Lantz | -- | First American Title Co | |
| Gaines Hazel J | $780,000 | Lawyers Title Company | |
| Vista Del Mar Development Inc | -- | Lawyers Title Company | |
| Magdaleno Ruben | -- | Alliance Title | |
| Magdaleno Ruben | $450,000 | Alliance Title | |
| Younger Vivian M | -- | -- | |
| Andrews Donna J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Harrell Lantz M | $840,000 | |
| Previous Owner | Gaines Hazel J | $624,000 | |
| Previous Owner | Magdaleno Ruben | $490,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/09/2024 04/09/24 | Sold | $1,804,000 | +0.8% | $817 / Sq Ft |
| 03/22/2024 03/22/24 | Pending | -- | -- | -- |
| 03/15/2024 03/15/24 | Price Changed | $1,790,000 | -0.3% | $811 / Sq Ft |
| 03/05/2024 03/05/24 | For Sale | $1,795,000 | -- | $813 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $16,136 | $1,840,080 | $1,330,080 | $510,000 |
| 2024 | $16,136 | $1,313,504 | $919,456 | $394,048 |
| 2023 | $15,827 | $1,287,750 | $901,428 | $386,322 |
| 2022 | $15,094 | $1,262,501 | $883,753 | $378,748 |
| 2021 | $14,906 | $1,237,747 | $866,425 | $371,322 |
| 2019 | $14,461 | $1,201,036 | $840,727 | $360,309 |
| 2018 | $14,363 | $1,177,488 | $824,243 | $353,245 |
| 2016 | $11,688 | $960,000 | $672,000 | $288,000 |
| 2015 | $11,511 | $945,000 | $702,700 | $242,300 |
| 2014 | $11,781 | $945,000 | $702,700 | $242,300 |
Source: Public Records
Agents Affiliated with this Home
-
Felipe Crook
-
Tina Cameron
Buyer's Agent in 2024
Tina Cameron
Compass
(310) 480-5309
1 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24045370
APN: 5069-016-012
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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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