NOT LISTED FOR SALE

1940 N Highland Ave, Unit 54 Los Angeles, CA 90068

Hollywood Hills Neighborhood

Estimated Value: $631,000 - $685,726

2 Beds
2 Baths
1,159 Sq Ft
$587/mo HOA Fee

Last Sold February 25, 2021

Last sale price $589,000 $508 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,822/month

85 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Living Room with Fireplace
  • In Ground Pool
  • 1.5 Acre Lot
  • 4-minute walk to Highland Camrose Park

About This Home

As of February 2021

An amazing fixer opportunity at The Terraces on Highland. Located in prime Hollywood, this home enjoys close proximity to many great attractions such as the Hollywood Bowl, Runyon Canyon Park, Hollywood Blvd. and all of the incredible entertainment and dining options Hollywood has to offer. Gracing the top floor of a well maintained building with few common walls, this private unit also offers a unique bright second story loft flex space perfect for a home office. This home also provides an in-unit washer and dryer, a private balcony, and is perfectly located in the community with seamless access to amenities, and easy elevator access to your covered parking spaces, making coming and going a breeze. Additional features include ample secure guest parking, a secondary back entrance, garage storage, and a dog run. This home is the perfect palette for your next masterpiece.

Last Agent to Sell the Property

Matthew Chavez

Hilton & Hyland License #01910831 Listed on: 11/19/2020

Hilton & Hyland

Co-Listed By

Joshua Buxbaum

Rodeo Realty License #01374032

Last Buyer's Agent

Mary Hedley Campos

Coldwell Banker Realty License #02022889

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,753

Year Built

  • Built in 1982

Lot Details

  • South Facing Home
  • Gated Home

HOA Fees

  • $587 Monthly HOA Fees

Property Views

  • Courtyard

Home Design

  • Cosmetic Repairs Needed
  • Fixer Upper

Interior Spaces

  • 1,159 Sq Ft Home
  • High Ceiling
  • Living Room with Fireplace
  • Home Office
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Automatic Gate

Pool

  • In Ground Pool
  • Spa

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 5575-024-070

Community Details

Overview

  • Association fees include water, water and sewer paid, trash
  • 81 Units

Amenities

  • Elevator

Recreation

  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Security Service
  • Card or Code Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,753

Year Built

Built in 1982

Lot Details

0

HOA Fees

$587 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Garden Condo
  • Street Number Display: Yes
  • Complex Name: The Highland Terraces HOA
  • Entry Floor: 3
  • Living Area: 1159
  • Lot Acreage: 1.5049
  • Planned Urban Dev: 1
  • Probate: No
  • Property Condition: Fixer, Repair Cosmetic
  • Unit Floor In Building: 3
  • Year Built: 1982
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Mixed
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside, In Closet
  • Total Bathrooms: 2.00
  • Den: 1
  • Equipment: Garbage Disposal, Dishwasher
  • Price Per S Q F T: 516.82

Exterior Features

  • Direction Faces: South
  • Construction: Combination
  • Other Features: High Ceilings (9 Feet+)
  • Tennis Court Y/N: No
  • Pool Description: Association Pool
  • Pool: Yes
  • Spa: Association Spa
  • Spa Yn: Yes
  • View: Courtyard, Pool
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Assigned, Community Garage
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Earth Quake Ins: 0
  • Heating: Central
  • Security: Automatic Gate, Card/Code Access, Community, Gated
  • Sewer: In Street

Association/Amenities

  • Amenities: Controlled Access, Elevator, Fitness Center, Gated Community, Pool, Spa, Hot Water
  • Pet Rules: Assoc Pet Rules, Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Water, Water and Sewer Paid, Trash
  • HOA Fees: 587.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5575-024-070
  • Lot Size Area: 65553

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 81

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2020
Closed on
Feb 12, 2021
Sold by
Addabbo Michael J and Asnani Monica
Bought by
Lines Lisa M
Seller's Agent
Matthew Chavez
Hilton & Hyland
Buyer's Agent
Mary Hedley Campos
Coldwell Banker Realty
List Price
$599,000
Sold Price
$589,000
Premium/Discount to List
-$10,000
-1.67%
Current Estimated Value
$647,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,932
Avg. Annual Appreciation
3.44%
Original Mortgage
$559,550
Outstanding Balance
$506,135
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$177,140

Purchase Details

Closed on
Jul 26, 2016
Sold by
Addabbo Michael J
Bought by
Addabbo Michael J and Asnani Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2016
Sold by
Addabbo Michael J
Bought by
Addabbo Michael J and Asnani Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2015
Sold by
Asnani Monica G
Bought by
Asnani Addabbo Living Trust

Purchase Details

Closed on
Jun 12, 2006
Sold by
Kikuchi Koichiro and Kikuchi Akiyo
Bought by
Addabbo Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 1996
Sold by
Laeroc Highland Terraces Associates
Bought by
Kikuchi Koichiro and Kikuchi Akiyo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,800
Interest Rate
8.39%
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
Lines Lisa M $589,000 Progressive Title
Addabbo Michael J -- None Available
Addabbo Michael J -- California Title Company
Asnani Addabbo Living Trust -- None Available
Addabbo Michael $540,000 North American Title Co
Kikuchi Koichiro $104,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lines Lisa M $15,000
Open Lines Lisa M $559,550
Previous Owner Addabbo Michael J $258,000
Previous Owner Asnani Monica G $304,500
Previous Owner Addabbo Michael $432,000
Previous Owner Kikuchi Koichiro $90,000
Previous Owner Kikuchi Koichiro $101,900
Previous Owner Kikuchi Koichiro $98,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2021 02/25/21 Sold $589,000 -1.7% $508 / Sq Ft
02/12/2021 02/12/21 Pending -- -- --
11/19/2020 11/19/20 For Sale $599,000 -- $517 / 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
2024 $7,753 $625,050 $318,362 $306,688
2023 $7,605 $612,795 $312,120 $300,675
2022 $7,277 $600,780 $306,000 $294,780
2021 $7,711 $627,000 $392,300 $234,700
2020 $7,796 $627,000 $392,300 $234,700
2019 $6,763 $553,000 $346,000 $207,000
2018 $7,263 $586,000 $367,000 $219,000
2016 $5,550 $449,000 $281,000 $168,000
2015 $5,133 $414,000 $259,000 $155,000
2014 $4,108 $320,000 $200,000 $120,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Matthew Chavez

    Hilton & Hyland

    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Joshua Buxbaum

    Rodeo Realty

    Section Image

  • M

    Buyer's Agent in 2021

    Mary Hedley Campos

    Coldwell Banker Realty

See All Agents

About This Building

Map

Source: The MLS

MLS Number: 20-661136

The MLS

APN: 5575-024-070

California Los Angeles County Los Angeles 90068 Hollywood Hills

1940 N Highland Ave Unit 54, Los Angeles, CA

This home is located at 1940 N Highland Ave Unit 54, Los Angeles, CA 90068 since 19 November 2020 and is currently estimated at $647,932, approximately $559 per square foot. This property was built in 1982. 1940 N Highland Ave Unit 54 is a home located in Los Angeles County with nearby schools including Gardner Street Elementary School, Hubert Howe Bancroft Middle School, and Hollywood Senior High School.

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.
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