Seller's Agent in 2024
Jennifer Thomas
Seven Gables Real Estate
(714) 415-5052
1 in this area
89 Total Sales
1979 Grace Ave Unit 5 Los Angeles, CA 90068
Hollywood Hills NeighborhoodEstimated Value: $946,000 - $1,045,000
2
Beds
2.5
Baths
1,460
Sq Ft
$680/Sq Ft
Est. Value
Highlights
- Sound Studio
- Gated Community
- 0.68 Acre Lot
- Spa
- City Lights View
- Open Floorplan
About This Home
As of December 2024One of a kind Hollywood Hills townhome on the market for the first time in 20 years!
Perched atop Whitley Ave in a gated community, this prime corner unit, surrounded by lush gardens, offers a pool, spa and stunning sunset views in the historic Whitley Heights neighborhood. Surrounded by multi-million-dollar mansions and views of the Hollywood sign, this property is a rare find. The three-story unit features an open loft concept, a wood-burning fireplace, wet bar, and is steps away from the pool and spa, making this prime unit an entertainer’s dream come true. The Primary bedroom has an en-suite bathroom and a walk-in closet. The guest bedroom and primary bedroom are separated by an open loft den, providing extra privacy, along with sunset and night-time views. One space in the 3-car garage has also been partially converted into a soundproof studio space, ideal for playing music, hosting late-night karaoke or lounging with friends.
Ideally located within walking distance of Hollywood & Highland, Cahuenga Corridor restaurants, bars, and clubs, this property is also minutes away from the hiking trails at Griffith Park and is only 7 miles north of DTLA. For entertainment execs, it’s a quick drive to major studios in Hollywood and Burbank (Netflix, Universal, Warner, Disney).
Last Agent to Sell the Property
Seven Gables Real Estate Brokerage Phone: 714-415-5052 License #00931959 Listed on: 09/26/2024
Townhouse Details
Home Type
- Townhome
Year Built
- Built in 1979
Lot Details
- 1 Common Wall
HOA Fees
- $690 Monthly HOA Fees
Parking
- 3 Car Direct Access Garage
- Parking Available
- Rear-Facing Garage
Property Views
- City Lights
- Neighborhood
Home Design
- Mediterranean Architecture
- Split Level Home
- Entry on the 1st floor
- Slab Foundation
- Fire Rated Drywall
- Stucco
Interior Spaces
- 1,460 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Bar
- Beamed Ceilings
- Cathedral Ceiling
- Fireplace With Gas Starter
- Window Screens
- Sliding Doors
- Entryway
- Living Room with Fireplace
- Dining Room
- Loft
- Sound Studio
Kitchen
- Breakfast Bar
- Gas Range
- Microwave
- Water Line To Refrigerator
- Dishwasher
- Tile Countertops
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- Fireplace in Primary Bedroom
- All Upper Level Bedrooms
- Bathtub
- Walk-in Shower
Laundry
- Laundry Room
- Laundry in Garage
- Dryer
- Washer
Home Security
Outdoor Features
- Spa
- Balcony
- Deck
- Open Patio
- Exterior Lighting
- Rain Gutters
Location
- Property is near public transit
- Urban Location
Utilities
- Forced Air Heating and Cooling System
- 220 Volts in Garage
- Natural Gas Connected
- Gas Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 3351
- Assessor Parcel Number 5575005033
Community Details
Overview
- 9 Units
- Whitley Townhomes Association, Phone Number (323) 349-0865
- Cardinal Group HOA
- Maintained Community
Recreation
- Community Pool
- Community Spa
Security
- Gated Community
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 30, 2004
Sold by
Delarco Jonathan and Fritz Kyle
Bought by
Gibson Aron
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Outstanding Balance
$225,832
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$766,458
Purchase Details
Closed on
Oct 27, 1997
Sold by
Fritz John H and Fritz Margaret
Bought by
Delarco Jonathan and Fritz Kyle
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,200
Interest Rate
7.36%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gibson Aron | $665,454 | Equity Title | |
| Delarco Jonathan | -- | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gibson Aron | $532,000 | |
| Previous Owner | Delarco Jonathan | $143,200 | |
| Closed | Gibson Aron | $66,450 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/03/2024 12/03/24 | Sold | $1,000,000 | +0.1% | $685 / Sq Ft |
| 10/28/2024 10/28/24 | Pending | -- | -- | -- |
| 09/26/2024 09/26/24 | For Sale | $999,000 | -- | $684 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $11,478 | $1,000,000 | $751,000 | $249,000 |
| 2024 | $11,478 | $926,936 | $292,714 | $634,222 |
| 2023 | $11,261 | $908,762 | $286,975 | $621,787 |
| 2022 | $10,768 | $890,945 | $281,349 | $609,596 |
| 2021 | $10,635 | $873,477 | $275,833 | $597,644 |
| 2020 | $10,675 | $864,521 | $273,005 | $591,516 |
| 2019 | $10,253 | $847,570 | $267,652 | $579,918 |
| 2018 | $8,971 | $727,500 | $229,600 | $497,900 |
| 2016 | $8,884 | $727,500 | $229,600 | $497,900 |
| 2015 | $5,473 | $441,300 | $139,300 | $302,000 |
| 2014 | $8,569 | $684,700 | $216,200 | $468,500 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer Thomas
-
Nicola Speranta
Buyer's Agent in 2024
Nicola Speranta
Compass
(626) 229-2266
1 in this area
108 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24200254
APN: 5575-005-033
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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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