NOT LISTED FOR SALE

172 S Las Palmas Ave Los Angeles, CA 90004

Hancock Park Neighborhood

Estimated Value: $5,391,000 - $6,466,000

5 Beds
4.5 Baths
4,280 Sq Ft
$1,366/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $4,799,500 $1,121 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $35,937/month

3 Days on Market

Highlights

  • Wine Cellar
  • Above Ground Spa
  • Dual Staircase
  • Third Street Elementary School Rated A
  • Gourmet Kitchen
  • Deck

About This Home

As of August 2022

Built in 1926, this Tudor style home has charm, warmth, and incredible space to entertain. From the moment you lay your eyes on the picture perfect curb appeal it is hard to not fall in love. With 4 spacious bedrooms upstairs and an additional bedroom downstairs, the layout is perfection. Romantic archways lead to newly finished, original oak floors. The oversized living and dining room are ideal to host parties large and intimate and will create memories no matter how you use the space. A large office, featuring a beautiful walnut wine cellar, means you can work from home, and at the end of the day you can have wine tastings for friends and clients. It can easily function as a sixth bedroom, gym, or bonus room. Situated on an 11,600 sq ft lot, there is plenty of room for a pool and garden of your dreams. The oversized 2 car garage provides a large footprint for an ADU or private suite. This home is the perfect blend of original details and modern amenities in prime Hancock Park.

Last Agent to Sell the Property

Marlyse Scherr

Coldwell Banker Realty License #01943031 Listed on: 06/27/2022

Coldwell Banker Realty

Last Buyer's Agent

Joseph Mayberg

License #01227745

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $62,276

Year Built

  • Built in 1926

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 79x140
  • West Facing Home
  • Fenced Yard
  • Wrought Iron Fence
  • Property is zoned LARE11

Parking

  • 2 Car Garage
  • 1 Carport Space
  • Auto Driveway Gate
  • Driveway

Home Design

  • Tudor Architecture
  • Cosmetic Repairs Needed
  • Brick Exterior Construction
  • Slate Roof

Interior Spaces

  • 4,280 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Built-In Features
  • Formal Entry
  • Wine Cellar
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Bonus Room
  • Storage
  • Wood Flooring
  • Basement

Kitchen

  • Gourmet Kitchen
  • Breakfast Room
  • Double Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Powder Room
  • Double Vanity
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Above Ground Spa
  • Balcony
  • Deck
  • Enclosed Patio or Porch

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5513-011-010

Home Details

Home Type

Single Family

Est. Annual Taxes

$62,276

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Tudor
  • Levels: Two
  • Street Number Display: Yes
  • Entry Location: Foyer
  • Living Area: 4280
  • Lot Acreage: 0.2539
  • Lot Dimensions: 79x140
  • Planned Urban Dev: 0
  • Property Condition: Repair Cosmetic
  • Stories: 2
  • Year Built: 1926
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: 2 Staircases, Basement, Hot Tub, Detached/No Common Walls, Storage Space
  • Fireplace Rooms: Living Room
  • Flooring: Wood
  • Appliances: Built-Ins, Microwave, Range, Double Oven
  • Bedrooms: 5
  • Fireplaces: 1
  • Full Bathroom: 4
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Tub Only, Shower and Tub
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Breakfast Room, Dining Area, Formal Dining Rm
  • Kitchen Features: Counter Top, Gourmet Kitchen
  • Laundry: Inside, Laundry Area
  • Maids Room: 1
  • Total Bathrooms: 5.00
  • Equipment: Range/Oven, Washer, Dryer, Dishwasher, Built-Ins, Microwave
  • Fireplace: Yes
  • Price Per S Q F T: 1144.63

Exterior Features

  • Direction Faces: West
  • Construction: Brick
  • Other Features: Balcony
  • Other Structures: None
  • Fence: Wrought Iron
  • Patio: Deck(s), Enclosed
  • Pool: No
  • Roof: Slate
  • Spa: Above Ground, Hot Tub
  • Spa Yn: Yes
  • View: No

Garage/Parking

  • Carport Spaces: 1
  • Garage Spaces: 2
  • Covered Parking: 3
  • Parking Garage: Auto Driveway Gate, Private Garage, Driveway Gate, Garage - 2 Car, Driveway - Concrete, Driveway, Covered Parking
  • Total Parking: 3

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Security: Automatic Gate

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5513-011-010
  • Lot Description: Back Yard, Curbs, Fenced Yard, Front Yard, Yard
  • Lot Size Area: 11060

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2022
Sold by
Eilat Family Trust
Bought by
Schapiro Shmuel and Schapiro Leah
Current Estimated Value
$5,845,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,779,600
Outstanding Balance
$3,629,473
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$2,215,685

Purchase Details

Listed on
Jun 27, 2022
Closed on
Aug 19, 2022
Sold by
Marc Platt Richard
Bought by
Eilat Family Trust
Seller's Agent
Marlyse Scherr
Coldwell Banker Realty
Buyer's Agent
Joseph Mayberg
List Price
$4,899,000
Sold Price
$4,799,500
Premium/Discount to List
-$99,500
-2.03%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$3,000,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2019
Sold by
Platt Brent A
Bought by
Platt Richard Marc

Purchase Details

Closed on
Oct 7, 2005
Sold by
Flatt Richard Marc
Bought by
Platt Richard Marc and Platt Brent A

Purchase Details

Closed on
Oct 7, 2002
Sold by
Platt Jan Lasky
Bought by
Platt Richard Marc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.87%
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
Schapiro Shmuel $5,039,500 Endpoint Title
Eilat Family Trust $4,799,500 Endpoint Title
Platt Richard Marc -- Provident Title Company
Platt Richard Marc -- Chicago Title Co
Platt Richard Marc -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schapiro Shmuel $3,779,600
Previous Owner Eilat Family Trust $3,000,000
Previous Owner Platt Richard Marc $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2022 08/26/22 Sold $4,799,500 -2.0% $1,121 / Sq Ft
06/30/2022 06/30/22 Pending -- -- --
06/27/2022 06/27/22 For Sale $4,899,000 -- $1,145 / 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 $62,276 $4,993,399 $2,912,599 $2,080,800
2024 $62,276 $5,139,780 $3,083,460 $2,056,320
2023 $61,056 $5,039,000 $3,023,000 $2,016,000
2022 $14,637 $1,195,851 $588,728 $607,123
2021 $14,441 $1,172,404 $577,185 $595,219
2019 $14,017 $1,137,631 $560,066 $577,565
2018 $13,918 $1,115,326 $549,085 $566,241
2017 $13,624 $1,093,458 $538,319 $555,139
2016 $13,291 $1,072,018 $527,764 $544,254
2015 $13,101 $1,055,916 $519,837 $536,079
2014 $13,146 $1,035,233 $509,655 $525,578
Source: Public Records

Agents Affiliated with this Home

  • Marlyse Scherr

    Seller's Agent in 2022

    Marlyse Scherr

    Coldwell Banker Realty

    (213) 309-0627

    2 in this area

    14 Total Sales

    Marlyse Scherr
    Section Image

  • J

    Buyer's Agent in 2022

    Joseph Mayberg

See All Agents

Map

Source: The MLS

MLS Number: 22-172719

The MLS

APN: 5513-011-010

California Los Angeles County Los Angeles 90004 Hancock Park

172 S Las Palmas Ave, Los Angeles, CA

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