NOT LISTED FOR SALE

2648 Merced St Los Angeles, CA 90065

Cypress Park Neighborhood

Estimated Value: $989,000 - $1,338,576

3 Beds
2 Baths
1,136 Sq Ft
$1,060/Sq Ft Est. Value

Last Sold October 25, 2022

Last sale price $1,270,000 $1,118 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $7,983/month

13 Days on Market

Highlights

  • Primary Bedroom Suite
  • View of Hills
  • Marble Countertops
  • Abraham Lincoln High School Rated A
  • Living Room with Fireplace
  • 2-minute walk to Cypress Park

About This Home

As of October 2022

New from design group Gibson House is this Cypress Park gem reimagined with a timeless rustic aesthetic. This mini compound will inspire you with its old-world elegance and highly sought-after designer finishes. The 1136sf main house includes a gorgeous living room filled with light, hand troweled plaster fireplace with alabaster sconces, and custom built-ins. The remodeled kitchen has been tastefully designed with honed calcatta gold marble, beamed ceiling, and 180-year-old reclaimed barn wood surrounding the Hallman gas range. Three bedrooms with a primary bedroom that connects to a third room which could be a bedroom, office or nursery. Rear dining patio off the kitchen leads to a detached 334sf bonus space with its own entrance, kitchen and bathroom, perfect for a guest house or studio. Entertain friends and enjoy a true California indoor/outdoor lifestyle while surrounded by lush and mature landscaping giving a great feeling of privacy and peacefulness. Gated from the street with a large driveway for off-street parking. Centrally located and close to all the best NELA hot spots including Bub and Grandma's Restaurant, Loquat Coffee, La BEAST Art Gallery, and much more.

Last Agent to Sell the Property

Mary Regal

Compass License #01963054 Listed on: 09/22/2022

Compass

Co-Listed By

Rob Kallick

Compass License #01871966

Last Buyer's Agent

Joseph Custer

eXp Realty of California Inc License #01846723

eXp Realty of California Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,714

Year Built

  • Built in 1916

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40x100
  • Privacy Fence
  • Drip System Landscaping
  • Property is zoned LAR1

Property Views

  • Hills
  • Courtyard

Home Design

  • Bungalow
  • Turnkey

Interior Spaces

  • 1,136 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Recessed Lighting
  • Decorative Fireplace
  • Living Room with Fireplace
  • Den

Kitchen

  • Oven or Range
  • Range<<rangeHoodToken>>
  • Dishwasher
  • Marble Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • <<tubWithShowerToken>>

Laundry

  • Laundry Room
  • Dryer

Parking

  • 1 Parking Space
  • Converted Garage
  • Driveway

Additional Features

  • Open Patio
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5453-008-025

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,714

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Bungalow
  • Street Number Display: Yes
  • Exclusions: The following is excluded: Mirror in garage bathroom, all potted plants, curtains.
  • Living Area: 1136
  • Lot Acreage: 0.0918
  • Lot Dimensions: 40x100
  • Stories: 1
  • Year Built: 1916
  • Number Of Photos: 35
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Turnkey, Recessed Lighting
  • Fireplace Rooms: Living Room, Decorative
  • Flooring: Mixed
  • Appliances: Range Hood, Range
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: Main Floor Master Bedroom, Master Suite
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Remodeled, Shower and Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: In Kitchen
  • Kitchen Features: Remodeled, Marble Counters
  • Laundry: In Closet, Laundry Area
  • Total Bathrooms: 2.00
  • Den: 1
  • Equipment: Built-Ins, Dishwasher, Dryer, Refrigerator, Range/Oven, Stackable W/D Hookup
  • Price Per S Q F T: 946.30

Exterior Features

  • Other Structures: Other
  • Fence: Privacy
  • Patio: Patio Open
  • Pool: No
  • Spa Yn: No
  • View: Courtyard, Hills
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway, Converted Garage
  • Total Parking: 1

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Drip System
  • Assessor Parcel Number: 5453-008-025
  • Lot Size Area: 4000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2022
Closed on
Oct 18, 2022
Sold by
Spindel Gibson Naomi
Bought by
Gibson Burke F and Sayyah Isabella Rose
Seller's Agent
Mary Regal
Compass
Buyer's Agent
Joseph Custer
eXp Realty of California Inc
List Price
$1,075,000
Sold Price
$1,270,000
Premium/Discount to List
$195,000
18.14%
Views
12
Current Estimated Value
$1,204,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$65,356
Avg. Annual Appreciation
-0.84%
Original Mortgage
$1,143,000
Outstanding Balance
$1,106,880
Interest Rate
5.89%
Mortgage Type
Seller Take Back
Estimated Equity
$134,301

Purchase Details

Listed on
May 19, 2022
Closed on
Jun 27, 2022
Sold by
Wynn Gibson Joshua
Bought by
Gibson Naomi Spindel
Seller's Agent
Kevin Finley
CENTURY 21 CITRUS REALTY INC
Buyer's Agent
Kevin Finley
CENTURY 21 CITRUS REALTY INC
List Price
$799,900
Sold Price
$875,000
Premium/Discount to List
$75,100
9.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
246.19%
Original Mortgage
$930,750
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 19, 2022
Closed on
Jun 2, 2022
Sold by
Estela Martinez Revocable Trust
Bought by
Gibson Naomi Spindel
Seller's Agent
Kevin Finley
CENTURY 21 CITRUS REALTY INC
Buyer's Agent
Kevin Finley
CENTURY 21 CITRUS REALTY INC
List Price
$799,900
Sold Price
$875,000
Premium/Discount to List
$75,100
9.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,750
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2019
Sold by
Martinez Estela
Bought by
Martinez Estela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$877,500
Interest Rate
5.37%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Apr 30, 2015
Sold by
Martinez Estela
Bought by
Martinez Estela and Estela Martinez Revocable Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gibson Burke F $1,270,000 Equity Title
Gibson Naomi Spindel -- Fidelity National Title
Gibson Naomi Spindel $875,000 Fidelity National Title
Martinez Estela -- Wfg Title Co Of Ca
Martinez Estela -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibson Burke F $1,143,000
Previous Owner Gibson Naomi Spindel $930,750
Previous Owner Martinez Estela $877,500
Previous Owner Martinez Crescencio $114,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2022 10/25/22 Sold $1,270,000 +18.1% $1,118 / Sq Ft
10/05/2022 10/05/22 Pending -- -- --
09/22/2022 09/22/22 For Sale $1,075,000 +22.9% $946 / Sq Ft
07/06/2022 07/06/22 Sold $875,000 +9.4% $625 / Sq Ft
05/29/2022 05/29/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $799,900 -- $571 / 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 $15,714 $1,295,400 $911,064 $384,336
2023 $15,488 $1,270,000 $893,200 $376,800
2022 $634 $40,321 $25,381 $14,940
2021 $618 $39,532 $24,884 $14,648
2019 $599 $38,361 $24,147 $14,214
2018 $539 $37,610 $23,674 $13,936
2016 $499 $36,151 $22,755 $13,396
2015 $492 $35,609 $22,414 $13,195
2014 -- $34,912 $21,975 $12,937
Source: Public Records

Agents Affiliated with this Home

  • Mary Regal

    Seller's Agent in 2022

    Mary Regal

    Compass

    (310) 913-7651

    2 in this area

    174 Total Sales

    Mary Regal
    Section Image
  • Kevin Finley

    Seller's Agent in 2022

    Kevin Finley

    CENTURY 21 CITRUS REALTY INC

    (626) 343-7706

    1 in this area

    103 Total Sales

    Kevin Finley
    Section Image
  • Rob Kallick

    Seller Co-Listing Agent in 2022

    Rob Kallick

    Compass

    4 in this area

    457 Total Sales

    Rob Kallick
    Section Image
  • Joseph Custer

    Buyer's Agent in 2022

    Joseph Custer

    eXp Realty of California Inc

    (323) 252-2264

    1 in this area

    27 Total Sales

    Joseph Custer
    Section Image
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Map

Source: The MLS

MLS Number: 22-201515

The MLS

APN: 5453-008-025

California Los Angeles County Los Angeles 90065 Cypress Park

2648 Merced St, Los Angeles, CA

This home is located at 2648 Merced St, Los Angeles, CA 90065 since 22 September 2022 and is currently estimated at $1,204,644, approximately $1,060 per square foot. This property was built in 1916. 2648 Merced St is a home located in Los Angeles County with nearby schools including Aragon Avenue Elementary, Florence Nightingale Middle, and Benjamin Franklin High School.

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