NOT LISTED FOR SALE

1940 N Highland Ave, Unit 36 Los Angeles, CA 90068

Hollywood Hills Neighborhood

Estimated Value: $559,000 - $795,000

2 Beds
2 Baths
1,287 Sq Ft
1.5 Acres

Last Sold February 24, 2015

Last sale price $510,000 $396 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,078/month

47 Days on Market

Highlights

  • Fitness Center
  • Heated In Ground Pool
  • Views of Trees
  • 24-Hour Security
  • Gated Parking
  • 4-minute walk to Highland Camrose Park

About This Home

As of February 2015

Fabulous opportunity to live in the heart of Hollywood in a top floor penthouse unit of a fresh modern complex. Just south of the Hollywood Bowl and north of Hollywood & Highland, you are in the midst of outstanding shopping, dining, and entertainment. Walk in and be welcomed by an open layout, where a spacious galley style kitchen looks out onto a wide open space with 18' tall cathedral ceilings. Living and dining flow seamlessly together, a beautiful gas fireplace commands presence, and a spiral staircase leads up to a private loft space, perfect for an in-home office! The unit features 2 bedrooms, including a spacious master with ensuite bath and dual vanity, and a hall bath with a skylight to bathe the space in natural light. Complex includes sparkling pool & spa, fitness room, rec room, 2 gated parking spots, and gated guest parking. The complex has just undergone a $1.8M dollar renovation with no stone left unturned. Hollywood living at its finest!

Last Agent to Sell the Property

Andrew Sanchez

ACME Real Estate License #01918602 Listed on: 11/17/2014

Last Buyer's Agent

Phil Nordella

License #01152653

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,556

Year Built

  • Built in 1982

Lot Details

  • Gated Home

Home Design

  • Contemporary Architecture
  • Entry on the 3rd floor

Interior Spaces

  • 1,287 Sq Ft Home
  • Bar
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Loft
  • Views of Trees
  • Laundry in unit

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Garage
  • Tandem Parking
  • Garage Door Opener
  • Gated Parking
  • Guest Parking

Outdoor Features

  • Heated In Ground Pool
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5575-024-052

Community Details

Overview

  • 81 Units
  • Maintained Community

Amenities

  • Outdoor Cooking Area
  • Sundeck
  • Community Barbecue Grill
  • Meeting Room
  • Recreation Room
  • Community Storage Space
  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,556

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Complex Name: The Terraces
  • Entry Floor: 3
  • Living Area: 1287
  • Planned Urban Dev: 1
  • Year Built: 1982
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Gas, Living Room
  • Flooring: Stone, Wood
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Equipment: Cable, Dishwasher, Elevator, Garbage Disposal, Microwave, Range/Oven
  • Fireplace: Yes
  • Price Per S Q F T: 407.93

Exterior Features

  • Balcony: Yes
  • Tennis Court Y/N: No
  • Exposure: North
  • Pool Description: Community, Heated
  • Pool: Yes
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Door Opener, Garage, Gated, Tandem
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Earth Quake Ins: 1
  • Heating: Central
  • Security: 24 Hour, Community, Gated, T.V.

Association/Amenities

  • Amenities: Assoc Barbecue, Assoc Maintains Landscape, Controlled Access, Elevator, Exercise Room, Extra Storage, Gated Parking, Guest Parking, Meeting Room, Outdoor Cooking Area, Pool, Rec Multipurpose Rm, Sauna, Spa, Sun Deck
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fees: 434.34

Lot Info

  • Assessor Parcel Number: 5575-024-052
  • Geocode Override: No
  • Lot Size Area: 65553

Multi Family

  • Number Of Units: 81

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2014
Closed on
Jan 28, 2015
Sold by
Read Nicolas
Bought by
Shaffer Heath
Seller's Agent
Andrew Sanchez
ACME Real Estate
Buyer's Agent
Phil Nordella
List Price
$525,000
Sold Price
$510,000
Premium/Discount to List
-$15,000
-2.86%
Current Estimated Value
$655,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,512
Avg. Annual Appreciation
2.38%
Original Mortgage
$50,947
Outstanding Balance
$38,861
Interest Rate
3.57%
Mortgage Type
Credit Line Revolving
Estimated Equity
$616,651

Purchase Details

Closed on
Aug 20, 2008
Sold by
Read Daniel V and Anne J Sisson Trust
Bought by
Read Nicolas

Purchase Details

Closed on
Aug 3, 2004
Sold by
Tejada Ximeno
Bought by
Tejada Anne J

Purchase Details

Closed on
Jul 26, 2004
Sold by
The Rex Ventures Llc
Bought by
Tejada Anne J

Purchase Details

Closed on
May 27, 2003
Sold by
Oheir James and Ferrarese Steve
Bought by
The Rex Ventures Llc

Purchase Details

Closed on
Feb 25, 2003
Sold by
Oheir Jim and Ferrarese Steve
Bought by
Rex Ventures Llc

Purchase Details

Closed on
Jun 6, 2001
Sold by
Medford Isabel
Bought by
Oheir Jim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,600
Interest Rate
6.62%

Purchase Details

Closed on
Nov 6, 1996
Sold by
Laeroc Highland Terraces Associates
Bought by
Medford Isabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,200
Interest Rate
7.76%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shaffer Heath $510,000 California Title Company
Read Nicolas -- None Available
Read Daniel -- None Available
Tejada Anne J -- Southland Title
Tejada Anne J $519,000 Southland Title
The Rex Ventures Llc -- --
Oheir James -- Investors Title Company
Rex Ventures Llc -- --
Oheir Jim $248,500 Investors Title Company
Medford Isabel $108,500 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaffer Heath $50,947
Open Shaffer Heath $408,000
Previous Owner Oheir Jim $235,600
Previous Owner Medford Isabel $105,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2015 02/24/15 Sold $510,000 -2.9% $396 / Sq Ft
01/03/2015 01/03/15 Pending -- -- --
11/17/2014 11/17/14 For Sale $525,000 -- $408 / 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 $7,556 $612,934 $120,181 $492,753
2024 $7,556 $600,917 $117,825 $483,092
2023 $7,414 $589,135 $115,515 $473,620
2022 $7,097 $577,584 $113,250 $464,334
2021 $7,005 $566,260 $111,030 $455,230
2019 $6,729 $549,467 $107,738 $441,729
2018 $6,705 $538,694 $105,626 $433,068
2016 $6,375 $517,777 $101,525 $416,252
2015 $4,173 $340,000 $240,000 $100,000
2014 $4,272 $340,000 $240,000 $100,000
Source: Public Records

Agents Affiliated with this Home

  • Andrew Sanchez

    Seller's Agent in 2015

    Andrew Sanchez

    ACME Real Estate

    (310) 874-3344

    2 in this area

    100 Total Sales

    Andrew Sanchez
    Section Image

  • P

    Buyer's Agent in 2015

    Phil Nordella

See All Agents

About This Building

Map

Source: The MLS

MLS Number: 14-811697

The MLS

APN: 5575-024-052

California Los Angeles County Los Angeles 90068 Hollywood Hills

1940 N Highland Ave Unit 36, Los Angeles, CA

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.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes