NOT LISTED FOR SALE

1940 N Highland Ave, Unit 40 Los Angeles, CA 90068

Hollywood Hills Neighborhood

Estimated Value: $573,000 - $818,000

2 Beds
2 Baths
1,336 Sq Ft
$792/mo HOA Fee

Last Sold March 17, 2023

Last sale price $650,000 $487 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,999/month

6 Days on Market

Highlights

  • Fitness Center
  • Primary Bedroom Suite
  • Main Floor Primary Bedroom
  • In Ground Pool
  • 1.5 Acre Lot
  • 4-minute walk to Highland Camrose Park

About This Home

As of March 2023

Welcome to The Terrace on Highland, a luxurious and private building in the heart of Hollywood, sure to appeal to even the most discerning buyer! This turnkey 2 bed, 2 bath condo is the perfect refuge perfectly complimented by the city life that Hollywood has to offer. Enter to find beautiful hardwood floors throughout the living area, dimmable recessed lighting, custom moldings, and an open floorplan perfect for entertaining. You’ll love the kitchen, well equipped with lots of cabinetry and stainless appliances, where you can cook your favorite meals and enjoy dinner parties with friends in the dining area or out on the patio. The spacious master bedroom is carpeted and has a large closet with built-ins and its own master bathroom with dual vanities. Building amenities include a gym with the latest equipment, swimming pool, spa, sauna, and recreation room. Just minutes away from all the Hollywood action including The Hollywood Bowl, nightclubs and theaters make this an ideal location for anyone who wants to be close to the excitement. This unit will not last long! Come see it today!

Last Agent to Sell the Property

Makar Morozov

Douglas Elliman of California, Inc. License #02122565 Listed on: 02/14/2023

Douglas Elliman of California, Inc.

Co-Listed By

Eric Delgado

Luxury Collective License #01831579

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,304

Year Built

  • Built in 1982

Lot Details

  • 1 Common Wall

HOA Fees

  • $792 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Interior Spaces

  • 1,336 Sq Ft Home
  • Recessed Lighting
  • Living Room with Fireplace
  • Neighborhood Views

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Pots and Pans Drawers

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Suite
  • Mirrored Closets Doors
  • 2 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Central Air
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 1
  • Tax Tract Number 36143
  • Assessor Parcel Number 5575024056

Community Details

Overview

  • Master Insurance
  • 84 Units
  • Highland Terraces Association, Phone Number (310) 370-2696

Amenities

  • Community Barbecue Grill

Recreation

  • Community Spa

Security

  • Security Service
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,304

Year Built

Built in 1982

Lot Details

0

HOA Fees

$792 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: LAR4
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 5575024056
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1336.00 Square Feet
  • Interior Amenities: Balcony, Recessed Lighting
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Mirror Closet Door(s)
  • Eating Area: Breakfast Counter / Bar
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 486.53
  • Room Type: Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite
  • Spa Features: Association, In Ground
  • Bathroom Features: Walk-In Shower
  • Room Kitchen Features: Pots & Pan Drawers

Exterior Features

  • View: Neighborhood
  • Pool Features: Association, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Covered
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop, Refrigerator
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Barbecue, Gym/Ex Room, Earthquake Insurance, Insurance, Security, Controlled Access
  • Association Fee: 792.27
  • Association Fee Frequency: Monthly
  • Association Name: Highland Terraces
  • Phone: 310-370-2696
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights
  • Association Management: Highland Terraces

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 65553.00
  • Lot Size Acres: 1.5049

Multi Family

  • Lease Considered: No
  • Lot Size Area: 65553.0000 Square Feet
  • Number Of Units In Community: 84
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1897.02
  • Tax Lot: 1
  • Tax Tract Number: 36143

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 25, 2015
Sold by
Martinchik Val
Bought by
Martinchik Val
Current Estimated Value
$671,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Outstanding Balance
$327,320
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$344,296

Purchase Details

Listed on
Feb 5, 2015
Closed on
Apr 7, 2015
Sold by
Hill Howard Ray
Bought by
Martinchik Val Mihajlovich
Seller's Agent
Bryan Miyamoto
Keller Williams Realty Los Feliz
Buyer's Agent
Sergey Kordonsky
List Price
$469,000
Sold Price
$469,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.47%
Original Mortgage
$417,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2001
Sold by
Yang Hai Wei
Bought by
Benjamin Kim Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
7.37%
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
Martinchik Val -- Title 365
Martinchik Val Mihajlovich $469,000 Title 365
Benjamin Kim Alan -- Fidelity National Title
Benjamin Kim Alan -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinchik Val $417,000
Closed Martinchik Val Mihajlovich $417,000
Previous Owner Benjamin Kim Alan $161,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/17/2023 03/17/23 Sold $650,000 0.0% $487 / Sq Ft
02/21/2023 02/21/23 Pending -- -- --
02/14/2023 02/14/23 For Sale $650,000 +38.6% $487 / Sq Ft
04/22/2015 04/22/15 Sold $469,000 0.0% $351 / Sq Ft View Prior Sale
02/05/2015 02/05/15 For Sale $469,000 -- $351 / Sq Ft
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 $8,304 $676,260 $228,888 $447,372
2024 $8,304 $663,000 $224,400 $438,600
2023 $6,765 $541,775 $115,515 $426,260
2022 $6,478 $531,152 $113,250 $417,902
2021 $6,390 $520,738 $111,030 $409,708
2019 $6,131 $505,294 $107,738 $397,556
2018 $6,106 $495,387 $105,626 $389,761
2016 $5,798 $476,152 $101,525 $374,627
2015 $4,518 $368,745 $92,183 $276,562
2014 $4,536 $361,523 $90,378 $271,145
Source: Public Records

Agents Affiliated with this Home

  • Makar Morozov

    Seller's Agent in 2023

    Makar Morozov

    Douglas Elliman of California, Inc.

    (310) 953-2498

    1 in this area

    39 Total Sales

    Makar Morozov
    Section Image

  • E

    Seller Co-Listing Agent in 2023

    Eric Delgado

    Luxury Collective

    (310) 909-3464

    3 in this area

    429 Total Sales

    Eric Delgado
    Section Image
  • Bryan Miyamoto

    Seller's Agent in 2015

    Bryan Miyamoto

    Keller Williams Realty Los Feliz

    (323) 300-1188

    1 in this area

    22 Total Sales

    Bryan Miyamoto
    Section Image

  • S

    Buyer's Agent in 2015

    Sergey Kordonsky

See All Agents

About This Building

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR23023180

California Regional Multiple Listing Service (CRMLS)

APN: 5575-024-056

California Los Angeles County Los Angeles 90068 Hollywood Hills

1940 N Highland Ave Unit 40, Los Angeles, CA

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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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