NOT LISTED FOR SALE

1701 Ellsmere Ave Los Angeles, CA 90019

Mid-City Neighborhood

Estimated Value: $1,090,000 - $1,323,000

2 Beds
2 Baths
1,314 Sq Ft
$917/Sq Ft Est. Value

Last Sold January 31, 2017

Last sale price $750,000 $571 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $7,195/month

110 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Bungalow
  • Converted Garage
  • Laundry Room
  • Dining Area

About This Home

As of January 2017

$24,000 price reduction to what is already the lowest priced duplex in this area and. A rare, side by side duplex in super convenient and popular Picfair Village, built in 1938. Both units have been fully remodeled and show beautifully. Full of charm and original details, many functioning built-ins, original hardwood floors, and amazing storage, each is one bedroom and one bath, separate dining room and additional storage/studio/living space with laundry. Fully fenced and gated, both units offer exceptional privacy and lots of outdoor space. Remarkable pride of ownership. Only vacant unit will be shown, second, leased unit may be seen with accepted offer. Lease is most favorable at high market rate.

Last Agent to Sell the Property

Michael Nicola

Town and Ranch Properties License #01083752 Listed on: 07/27/2016

Co-Listed By

Michael Nicola

United Realty Group License #01083752

Last Buyer's Agent

Warren Linz

Keller Williams Beverly Hills License #01303719

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,484

Year Built

  • Built in 1938

Lot Details

  • 3,453 Sq Ft Lot
  • Fenced Yard
  • Sprinkler System

Home Design

  • Duplex
  • Bungalow
  • Raised Foundation

Interior Spaces

  • 1,314 Sq Ft Home
  • 1-Story Property
  • Dining Area

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Converted Garage
  • On-Street Parking

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Sewer in Street
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5069-015-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,484

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: $24,000 price reduction to what is already the lowest priced duplex in this area. A rare, side by side duplex in super convenient and popular Picfair Village, built in 1938. Both units have been fully remodeled and show beautifully. Full of charm and original details, many functioning built-ins, original hardwood floors, and amazing storage, each is one bedroom and one bath, separate dining room and additional storage/studio/living space with laundry. Fully fenced and gated, both units offer exceptional privacy and lots of outdoor space. Remarkable pride of ownership. Only vacant unit will be shown, second, leased unit may be seen with accepted offer. Lease is most favorable at high market rate.
  • Living Area: 1314
  • Stories: 1
  • Year Built: 1938
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Linoleum, Wood
  • Appliances: Cooktop - Gas, Oven-Gas
  • Bedrooms: 2
  • Laundry: Inside, Room
  • Total Bathrooms: 2.00
  • Equipment: Cable, Dishwasher, Dryer, Garbage Disposal, Refrigerator, Washer
  • Price Per S Q F T: 589.80

Exterior Features

  • Other Features: Sprinkler System
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: On street

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall Gas
  • Sewer: In Street

Lot Info

  • Assessed Improvement Value: 72157
  • Assessed Land Value: 307577
  • Assessor Parcel Number: 5069-015-009
  • Geocode Override: No
  • Lot Description: Fenced Yard
  • Lot Size Area: 3453

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 17.69
  • Number Of Units: 2
  • Type Of Units: Duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2016
Closed on
Jan 11, 2017
Sold by
Mehane D Louise
Bought by
Gold Vadim and Gold Hilla
Seller's Agent
Michael Nicola
Town and Ranch Properties
Buyer's Agent
Warren Linz
Keller Williams Beverly Hills
List Price
$775,000
Sold Price
$750,000
Premium/Discount to List
-$25,000
-3.23%
Current Estimated Value
$1,205,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$455,122
Avg. Annual Appreciation
5.58%
Original Mortgage
$562,500
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 27, 2016
Closed on
Dec 27, 2016
Sold by
Nicola Susan
Bought by
Mebane D Louise
Seller's Agent
Michael Nicola
Town and Ranch Properties
Buyer's Agent
Warren Linz
Keller Williams Beverly Hills
List Price
$775,000
Sold Price
$750,000
Premium/Discount to List
-$25,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2003
Sold by
Collins J C J and Collins Lillian
Bought by
Mebane D Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,400
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Gold Vadim $750,000 Ticor Title San Diego
Mebane D Louise -- Ticor Title San Diego
Mebane D Louise $278,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gold Vadim $562,500
Previous Owner Mebane D Louise $222,400
Closed Mebane D Louise $41,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2017 01/31/17 Sold $750,000 -3.2% $571 / Sq Ft
12/06/2016 12/06/16 For Sale $775,000 0.0% $590 / Sq Ft
12/03/2016 12/03/16 Price Changed $775,000 -3.0% $590 / Sq Ft
11/14/2016 11/14/16 Pending -- -- --
08/18/2016 08/18/16 Price Changed $799,000 -5.9% $608 / Sq Ft
07/27/2016 07/27/16 For Sale $849,000 -- $646 / 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 $10,484 $870,433 $696,348 $174,085
2024 $10,484 $853,367 $682,695 $170,672
2023 $10,285 $836,635 $669,309 $167,326
2022 $9,809 $820,232 $656,186 $164,046
2021 $9,687 $804,150 $643,320 $160,830
2019 $9,397 $780,300 $624,240 $156,060
2018 $9,344 $765,000 $612,000 $153,000
2016 $4,686 $385,524 $312,267 $73,257
2015 $4,617 $379,734 $307,577 $72,157
2014 $4,643 $372,296 $301,552 $70,744
Source: Public Records

Agents Affiliated with this Home

  • Michael Nicola

    Seller's Agent in 2017

    Michael Nicola

    Town and Ranch Properties

    (805) 705-5363

    34 Total Sales

    Michael Nicola
    Section Image

  • W

    Buyer's Agent in 2017

    Warren Linz

    Keller Williams Beverly Hills

    Section Image
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Map

Source: The MLS

MLS Number: 16-147074

The MLS

APN: 5069-015-009

California Los Angeles County Los Angeles 90019 Mid-City

1701 Ellsmere Ave, Los Angeles, CA

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