2048 Holly Dr Los Angeles, CA 90068
Hollywood Hills NeighborhoodEstimated Value: $1,649,000 - $2,083,655
4
Beds
1
Bath
1,868
Sq Ft
$982/Sq Ft
Est. Value
Highlights
- Craftsman Architecture
- Wood Flooring
- Hiking Trails
- Community Lake
- Lawn
- Double Convection Oven
About This Home
As of May 2023This is Prime Real Estate, Location, Location, Location. This Duplex is nestled in the Hollywood Hills area up against the Hill with unlimited potential for a Developer to build up to 5 Units and it's one of the Biggest Lots on the Street. The Building is in Good Condition and the 2nd Unit is being used as Storage. The average rent is $11,850 for the Area if you consider it a "Buy and Hold"! Construction is Booming on that Street with Condos being built directly across the Street. Property has 2 Meters and a Basement with a Detached Garage, roof, plumbing and electrical are in Good Condition.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,182
Year Built
- Built in 1911
Lot Details
- 10,238 Sq Ft Lot
- No Common Walls
- Wood Fence
- Landscaped
- Paved or Partially Paved Lot
- Level Lot
- Lawn
- Garden
- Back and Front Yard
- Density is 2-5 Units/Acre
Parking
- 1 Car Garage
Home Design
- Duplex
- Craftsman Architecture
- Bungalow
- Shingle Roof
Interior Spaces
- 4 Bedrooms
- 1,868 Sq Ft Home
- Crown Molding
- Wood Burning Fireplace
- Living Room with Fireplace
- Wood Flooring
Kitchen
- Double Convection Oven
- Built-In Range
- Microwave
- Dishwasher
- Disposal
Laundry
- Laundry Room
- Stacked Washer and Dryer
- 220 Volts In Laundry
Outdoor Features
- Exterior Lighting
Utilities
- Two cooling system units
- Central Heating and Cooling System
- Gas Water Heater
Listing and Financial Details
- Tax Lot A
- Tax Tract Number 1896
- Assessor Parcel Number 5576017057
Community Details
Overview
- 2 Units
- Community Lake
- Mountainous Community
- Property is near a ravine
Recreation
- Park
- Dog Park
- Hiking Trails
- Bike Trail
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,400
- Fuel Expense $1,320
- Insurance Expense $1,692
- Trash Expense $480
- Water Sewer Expense $720
- New Taxes Expense $24,987
- Operating Expense $31,559
- Gross Income $107,532
- Net Operating Income $90,924
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 30, 2023
Sold by
Wu Xu
Bought by
2048 Holly Dr Llc
Total Days on Market
19
Current Estimated Value
Purchase Details
Listed on
Feb 25, 2023
Closed on
May 4, 2023
Sold by
Hu Songdong
Bought by
Wu Xu
Seller's Agent
Edgar Gonzalez
GOLF REALTY
Buyer's Agent
Edgar Gonzalez
GOLF REALTY
List Price
$1,750,000
Sold Price
$1,640,000
Premium/Discount to List
-$110,000
-6.29%
Views
74
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.68%
Original Mortgage
$902,000
Interest Rate
6.25%
Mortgage Type
New Conventional
Purchase Details
Listed on
Feb 25, 2023
Closed on
Mar 17, 2023
Sold by
Zoeller Mark R
Bought by
Wu Xu
Seller's Agent
Edgar Gonzalez
GOLF REALTY
Buyer's Agent
Edgar Gonzalez
GOLF REALTY
List Price
$1,750,000
Sold Price
$1,640,000
Premium/Discount to List
-$110,000
-6.29%
Views
74
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$902,000
Interest Rate
6.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 22, 2022
Sold by
Zoeller Mark R
Bought by
Zoeller Mark R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
3.85%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 6, 2006
Sold by
Zoeller Kathryn
Bought by
Zoeller Mark R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$967,500
Interest Rate
9.39%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 9, 2001
Sold by
Zoeller Kathryn
Bought by
Zoeller Mark R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,883
Interest Rate
7.03%
Purchase Details
Closed on
Sep 7, 1995
Sold by
Zoeller Mark R and Zoeller Robert E
Bought by
Zoeller Mark R
Purchase Details
Closed on
Jul 3, 1995
Sold by
Davis Richard
Bought by
Zoeller Mark R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,250
Interest Rate
6.25%
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
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 2048 Holly Dr Llc | -- | None Listed On Document | |
| Wu Xu | -- | Chicago Title Company | |
| Wu Xu | $1,640,000 | Chicago Title Company | |
| Zoeller Mark R | -- | Fidelity National Title | |
| Zoeller Mark R | -- | -- | |
| Zoeller Mark R | -- | -- | |
| Zoeller Mark R | $265,000 | Chicago Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wu Xu | $902,000 | |
| Previous Owner | Zoeller Mark R | $253,000 | |
| Previous Owner | Zoeller Mark R | $36,000 | |
| Previous Owner | Zoeller Mark R | $967,500 | |
| Previous Owner | Zoeller Mark R | $67,500 | |
| Previous Owner | Zoeller Mark R | $730,000 | |
| Previous Owner | Zoeller Mark R | $530,000 | |
| Previous Owner | Zoeller Mark R | $520,000 | |
| Previous Owner | Zoeller Mark R | $322,700 | |
| Previous Owner | Zoeller Mark R | $141,883 | |
| Previous Owner | Zoeller Mark R | $150,000 | |
| Previous Owner | Zoeller Mark R | $225,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/10/2023 05/10/23 | Sold | $1,640,000 | -6.3% | $878 / Sq Ft |
| 03/16/2023 03/16/23 | Pending | -- | -- | -- |
| 02/25/2023 02/25/23 | For Sale | $1,750,000 | -- | $937 / 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 |
|---|---|---|---|---|
| 2024 | $20,182 | $1,640,000 | $1,590,000 | $50,000 |
| 2023 | $5,498 | $423,114 | $421,533 | $1,581 |
| 2022 | $5,278 | $414,818 | $413,268 | $1,550 |
| 2021 | $10,875 | $406,685 | $405,165 | $1,520 |
| 2019 | $10,658 | $394,625 | $393,149 | $1,476 |
| 2018 | $10,531 | $386,889 | $385,441 | $1,448 |
| 2016 | $4,525 | $371,868 | $370,475 | $1,393 |
| 2015 | $4,457 | $366,284 | $364,911 | $1,373 |
| 2014 | $4,486 | $359,110 | $357,763 | $1,347 |
Source: Public Records
Agents Affiliated with this Home
-
Edgar Gonzalez
E
Seller's Agent in 2023
Edgar Gonzalez
GOLF REALTY
(626) 422-7999
1 in this area
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IV23032440
APN: 5576-017-057
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