NOT LISTED FOR SALE

1962 Virginia Rd Los Angeles, CA 90016

Mid-City Neighborhood

Estimated Value: $1,927,000 - $2,116,000

4 Beds
3 Baths
3,106 Sq Ft
$649/Sq Ft Est. Value

Last Sold January 23, 2020

Last sale price $1,550,000 $499 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $12,437/month

83 Days on Market

Highlights

  • Room in yard for a pool
  • Spanish Architecture
  • Den
  • Wood Flooring
  • No HOA
  • Covered Patio or Porch

About This Home

As of January 2020

Stunning Spanish style beauty. This gorgeous 3100 sq ft home has been totally restored and updated for today's lifestyle yet maintaining its grandeur of the 1920's. Features all new systems, four bedrooms, and three baths, original crown moldings, refinished hardwood floors, French doors, and a formal foyer. The formal dining room flows to an open concept dream kitchen with walk-in pantry, SS Sub-Zero fridge, Wolf range, Miele dishwasher and a huge island with a secondary prep-sink. The sunken formal living room has a cozy fireplace with access to an inviting patio. There is a great room and a separate office/den. All of the spacious bedrooms have walk-in closets. The bathrooms are gorgeous with period accents including tile, dual vanities and spacious showers large enough for group showering. The home is surrounded by stately homes with awesome curb appeal. There is a large finished yard with mature citrus trees and lots of privacy. A detached two car garage completes this gem!

Last Agent to Sell the Property

Nick Mercado

Sotheby's International Realty License #01348465 Listed on: 09/06/2019

Last Buyer's Agent

Nick Mercado

Sotheby's International Realty License #01348465 Listed on: 09/06/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,418

Year Built

  • Built in 1923

Lot Details

  • 8,291 Sq Ft Lot
  • West Facing Home
  • Property is zoned LAR1

Parking

  • Driveway

Home Design

  • Spanish Architecture

Interior Spaces

  • 3,106 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Separate Family Room
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Center Hall
  • Property Views

Kitchen

  • Breakfast Area or Nook
  • Walk-In Pantry
  • Oven or Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry in Kitchen
  • Gas Dryer Hookup

Outdoor Features

  • Room in yard for a pool
  • Covered Patio or Porch

Utilities

  • Zoned Heating and Cooling

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5061-004-024

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,418

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 3106
  • Probate: No
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 35
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Ceramic Tile, Hardwood
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Kitchen Features: Island, Remodeled
  • Laundry: In Kitchen
  • Maids Room: 1
  • Total Bathrooms: 3.00
  • Den: 1
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal, Gas Dryer Hookup, Hood Fan, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 514.81

Exterior Features

  • Direction Faces: West
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool Description: Room For
  • Pool: No
  • Spa Yn: No
  • View: Walk Street
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway, Garage - 2 Car

Utilities

  • Cooling: Air Conditioning, Ceiling Fan, Multi/Zone
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5061-004-024
  • Geocode Override: No
  • Lot Size Area: 8291

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2019
Closed on
Jan 17, 2020
Sold by
Farley Nicole
Bought by
Farley Marlon
Seller's Agent
Nick Mercado
Sotheby's International Realty
Buyer's Agent
Nick Mercado
Sotheby's International Realty
List Price
$1,599,000
Sold Price
$1,550,000
Premium/Discount to List
-$49,000
-3.06%
Current Estimated Value
$2,014,914

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$464,914
Avg. Annual Appreciation
4.77%
Original Mortgage
$155,000
Interest Rate
3.6%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Sep 6, 2019
Closed on
Dec 4, 2019
Sold by
Bartelt Craig and Mercado Nick
Bought by
Farley Marion
Seller's Agent
Nick Mercado
Sotheby's International Realty
Buyer's Agent
Nick Mercado
Sotheby's International Realty
List Price
$1,599,000
Sold Price
$1,550,000
Premium/Discount to List
-$49,000
-3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
3.6%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Mar 30, 2018
Closed on
May 24, 2018
Sold by
Mcdaniel Edward and Manago Mcdaniel Ollie P
Bought by
Bartelt Craig and Mercado Nick
Seller's Agent
Ali Khan
Sunset Lending & Realty
Buyer's Agent
Ali Khan
Sunset Lending & Realty
List Price
$1,149,999
Sold Price
$1,025,000
Premium/Discount to List
-$124,999
-10.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.88%

Purchase Details

Closed on
Jun 17, 2013
Sold by
Mcdaniel Edward
Bought by
Mcdaniel Edward and Manago Mcdaniel Ollie P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
2.69%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Sep 11, 2008
Sold by
Mcdaniel Edward
Bought by
Mcdaniel Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,185
Interest Rate
3.7%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Aug 21, 2008
Sold by
Blanton Eloise Mcdaniel and Mcdaniel Edward
Bought by
Mcdaniel Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,185
Interest Rate
3.7%
Mortgage Type
Reverse Mortgage Home Equity Conversion 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
Farley Marlon -- Lawyers Title Company
Farley Marion $1,550,000 Lawyers Title Company
Bartelt Craig $1,025,000 Pacific Coast Title Company
Mcdaniel Edward -- Fidelity National Title
Mcdaniel Edward -- Placer Title Company
Mcdaniel Edward -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farley Marlon $1,389,000
Closed Farley Marlon $155,000
Closed Farley Marion $155,000
Previous Owner Farley Marion $1,240,000
Previous Owner Bartelt Craig $500,000
Previous Owner Mcdaniel Edward $938,250
Previous Owner Mcdaniel Edward $544,185
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2020 01/23/20 Sold $1,550,000 0.0% $499 / Sq Ft
11/29/2019 11/29/19 Rented $6,500 0.0% --
11/28/2019 11/28/19 Pending -- -- --
10/24/2019 10/24/19 Price Changed $6,500 -3.0% $2 / Sq Ft
10/06/2019 10/06/19 Price Changed $6,700 -4.3% $2 / Sq Ft
09/18/2019 09/18/19 For Rent $7,000 0.0% --
09/06/2019 09/06/19 For Sale $1,599,000 +56.0% $515 / Sq Ft
06/06/2018 06/06/18 Sold $1,025,000 -10.9% $330 / Sq Ft
04/17/2018 04/17/18 Pending -- -- --
03/13/2018 03/13/18 For Sale $1,149,999 -- $370 / 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 $20,418 $1,695,147 $1,075,379 $619,768
2024 $20,418 $1,661,910 $1,054,294 $607,616
2023 $20,026 $1,629,324 $1,033,622 $595,702
2022 $19,099 $1,597,377 $1,013,355 $584,022
2021 $18,859 $1,566,057 $993,486 $572,571
2020 $13,249 $1,066,410 $853,128 $213,282
2019 $12,728 $1,045,500 $836,400 $209,100
2018 $5,331 $416,941 $281,229 $135,712
2016 $5,074 $400,752 $270,309 $130,443
2015 $5,003 $394,733 $266,249 $128,484
2014 $5,028 $387,002 $261,034 $125,968
Source: Public Records

Agents Affiliated with this Home

  • Nick Mercado

    Seller's Agent in 2020

    Nick Mercado

    Sotheby's International Realty

    (323) 896-9955

    22 in this area

    50 Total Sales

    Nick Mercado
    Section Image

  • A

    Seller's Agent in 2018

    Ali Khan

    Sunset Lending & Realty

    Section Image
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Map

Source: The MLS

MLS Number: 19-508030

The MLS

APN: 5061-004-024

California Los Angeles County Los Angeles 90016 Mid-City

1962 Virginia Rd, Los Angeles, CA

This home is located at 1962 Virginia Rd, Los Angeles, CA 90016 since 06 September 2019 and is currently estimated at $2,014,914, approximately $648 per square foot. This property was built in 1923. 1962 Virginia Rd is a home located in Los Angeles County with nearby schools including Alta Loma Elementary, Johnnie L. Cochran Jr. Middle School, and Los Angeles Senior High School.

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