$3,600,000
SOLD NOV 26, 2024
8 Beds
7 Baths
4,612 Sq Ft
0.28 Acres

Recently Sold

$781 Per Sq Ft

10% Below List Price

53 Days on Market

Highlights

  • Wood Flooring
  • Card or Code Access
  • Detached Carport Space
  • Built-In Features
  • Bungalow
  • Central Heating and Cooling System

About This Home

As of November 2024

2016 Vista del Mar is a meticulously-renovated boutique bungalow compound in the Hollywood Hills. The property consists of 6 bungalow-style units that are fully renovated to the studs, offer luxurious amenities catering to high-income renters, and a central location for living the LA lifestyle so many dream about. Located north of Franklin Ave. in the Hollywood Dell neighborhood, the property's strategic location offers compelling fundamentals, abundant entertainment and dining amenities, and convenient access to employment hubs. Renovated by AIH Development, a prominent Los Angeles developer bringing elevated and upscale residential design/amenities to this turnkey project. Originally built in 1921 and 1923, the property consists of (1) 2-bdrm. and 2.5-bath unit (possible owner's unit), (1) 1-bdrm. unit with an office space, and (4) 1-bdrm. units spread across 4 structures. These bungalow-style units are arranged in a courtyard configuration on a 12,267 SF lot. From stucco to windows, doors, roofs, water lines, sewer, electrical, and HVAC, each structure has been meticulously rebuilt with energy efficiency, longevity, and ease of maintenance in mind. Property amenities include covered parking for 7 vehicles features EV charging capabilities individually metered for each unit.

Last Agent to Sell the Property

Max Berger

Compass License #02054048 Listed on: 08/22/2024

Compass

Co-Listed By

Courtney Pickard

Compass License #01948903

Last Buyer's Agent

Lorraine Getz

Compass License #01413936

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,703

Year Built

  • Built in 1921 | Remodeled

Lot Details

  • 0.28 Acre Lot
  • Gated Home
  • Property is zoned LARD1.5

Home Design

  • Bungalow

Interior Spaces

  • 4,612 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Alarm System

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 7 Parking Spaces
  • Detached Carport Space
  • Assigned Parking
  • Controlled Entrance

Utilities

  • Central Heating and Cooling System

Community Details

  • 6 Units
  • Rent Control
  • Card or Code Access

Listing and Financial Details

  • Assessor Parcel Number 5586-003-010

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,703

Year Built

Built in 1921 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 4612
  • Lot Acreage: 0.2816
  • Price Per Unit: 665833.00
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1921
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Wood, Tile
  • Bedrooms: 8
  • Common Walls: Detached/No Common Walls
  • Laundry: In Unit
  • Total Bathrooms: 7.00
  • Equipment: Washer, Dryer, Freezer, Refrigerator, Range/Oven, Garbage Disposal, Built-Ins, Alarm System, Dishwasher, Hood Fan
  • Price Per S Q F T: 866.22

Exterior Features

  • Other Structures: None
  • View: No

Garage/Parking

  • Parking Garage: Assigned, Carport Detached, Controlled Entrance
  • Total Parking: 7

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated, Card/Code Access

Lot Info

  • Assessor Parcel Number: 5586-003-010
  • Lot Size Area: 12267

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 14.69
  • Number Of Units: 6
  • Rent Control: 100
  • Total Annual Expense: 66772
  • Type Of Units: Bungalows
  • Vacancy Rate: 0 Units

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2024
Closed on
Oct 18, 2024
Sold by
2026 Walnut Llc
Bought by
La La Properties Llc
Seller's Agent
Max Berger
Compass
Buyer's Agent
Lorraine Getz
Compass
List Price
$3,995,000
Sold Price
$3,600,000
Premium/Discount to List
-$395,000
-9.89%
Views
57
Current Estimated Value
$3,704,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,081
Avg. Annual Appreciation
3.33%
Original Mortgage
$1,200,000
Outstanding Balance
$1,194,324
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$2,483,163
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $3,600,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,200,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2024 11/26/24 Sold $3,600,000 -9.9% $781 / Sq Ft
10/14/2024 10/14/24 Pending -- -- --
08/22/2024 08/22/24 For Sale $3,995,000 0.0% $866 / Sq Ft
04/18/2024 04/18/24 Price Changed $2,900 -3.2% $4 / Sq Ft
04/16/2024 04/16/24 Price Changed $2,995 -9.1% $5 / Sq Ft
04/04/2024 04/04/24 Price Changed $3,295 -13.2% $5 / Sq Ft
03/19/2024 03/19/24 Price Changed $3,795 -0.1% $6 / Sq Ft
03/04/2024 03/04/24 Price Changed $3,800 -5.0% $6 / Sq Ft
01/05/2024 01/05/24 For Rent $4,000 0.0% --
06/09/2022 06/09/22 Sold $2,200,000 +4.8% --
11/03/2021 11/03/21 Pending -- -- --
10/14/2021 10/14/21 For Sale $2,100,000 -- --
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 $28,703 $2,288,880 $1,602,216 $686,664
2023 $28,158 $2,244,000 $1,570,800 $673,200
2022 $4,251 $263,772 $219,828 $43,944
2021 $4,180 $258,601 $215,518 $43,083
2020 $4,137 $255,951 $213,309 $42,642
2019 $4,014 $250,933 $209,127 $41,806
2018 $3,843 $246,014 $205,027 $40,987
2016 $3,566 $236,463 $197,066 $39,397
2015 $3,524 $232,912 $194,106 $38,806
2014 $3,576 $228,350 $190,304 $38,046
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-430877

The MLS

APN: 5586-003-010