NOT LISTED FOR SALE

Estimated Value: $1,907,000 - $2,282,000

2 Beds
2.5 Baths
1,788 Sq Ft
$1,142/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $1,850,000 $1,035 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $12,642/month

8 Days on Market

Highlights

  • Detached Guest House
  • No HOA
  • Built-In Features
  • Wood Flooring
  • Breakfast Area or Nook
  • 5-minute walk to Robert L Burns Park

About This Home

As of May 2023

Nestled in the prestigious Hancock Park area, this beautifully renovated bungalow is a true gem that exudes timeless elegance and charm. Located just a stone's throw away from Larchmont Village, this stunning property is a must-see for those who appreciate luxury living in a vibrant and historic neighborhood. Recently, the home underwent an extensive renovation, which includes a tasteful master suite addition that features a sparkling-white spa bathroom with luxurious amenities. The kitchen redesign includes top-of-the-line appliances such as a vintage O'Keefe and Merritt stove with double ovens, Caesarstone countertops, and a banquette. The original oak floors in the living areas have been meticulously restored, adding a touch of warmth and character to the space. The living room has a barrel ceiling, picture windows, custom drapery and hardware, and a built-in home theater system. This home's formal dining room is spacious enough to host a large gathering with a floor-to-ceiling window that lets in plenty of natural light. The guest room is well-appointed with an adjacent second bathroom that's perfect for visitors. The floor plan measures 1,430 sq.ft. for the main house and an additional 358 sq.ft. for the garage/bonus room. However, buyers should verify square footage and permits, as the approved plans from 2015 indicate the main house to be 1,360 sq.ft., with garage modifications completed without a permit. The public record lists the home at 1,286 sq. ft. before the approved addition. The landscaped yard is a true oasis, complete with a new tree in the front, upgraded planters, bougainvillea, new hedges in the back, and a new citrus tree. The backyard includes a backhouse that has been updated with new floors, bathroom tiles, and baseboards. The home's custom drapes and new light fixtures throughout are included in the sale, as well as a sound system, full house water filtration system, French drain, sump pump, security system, and fully operational HVAC system that is serviced every year. This magazine-worthy property includes all outdoor furniture, providing an ideal setting for relaxation and entertainment. The vintage stove has been immaculately maintained and adds a touch of old-world glamour to the space. In conclusion, this Hancock Park-area bungalow is a must-see for anyone seeking luxurious, comfortable living in one of the most sought-after neighborhoods in Los Angeles. The stunning design and exceptional attention to detail make this property a true architectural gem that any homeowner would be proud to call their own.

Last Agent to Sell the Property

Jeff Yarbrough

Keller Williams Beverly Hills License #01341959 Listed on: 04/20/2023

Keller Williams Beverly Hills

Co-Listed By

Efrat Poulson

Keller Williams Beverly Hills License #02162065

Last Buyer's Agent

Chase Koplow

Carolwood Estates License #02062702

Carolwood Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,838

Year Built

  • Built in 1923

Lot Details

  • 4,998 Sq Ft Lot
  • Lot Dimensions are 49x102
  • Property is zoned LAR1

Interior Spaces

  • 1,788 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Living Room
  • Dining Area
  • Wood Flooring
  • Security System Owned
  • Laundry closet

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Studio bedroom

Parking

  • 2 Parking Spaces
  • Auto Driveway Gate

Additional Homes

  • Detached Guest House

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5523-035-026

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,838

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Street Number Display: Yes
  • Living Area: 1788
  • Lot Acreage: 0.1147
  • Lot Dimensions: 49x102
  • Stories: 1
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Nook, Dining Area
  • Laundry: In Closet
  • Total Bathrooms: 3.00
  • Equipment: Dishwasher, Range/Oven, Refrigerator, Built-Ins
  • Price Per S Q F T: 967.00

Exterior Features

  • Other Structures: Other
  • Guest House: Detached
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway Gate
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Owned
  • Sewer: In Street
  • Water: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5523-035-026
  • Lot Size Area: 4998

MLS Schools

  • School District: Palos Verdes / LAUSD - Inquire

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2023
Closed on
May 24, 2023
Sold by
Barry F Schwartz Trust
Bought by
Salazar Oscar Chavez and Byrne Sophie
Seller's Agent
Jeff Yarbrough
Keller Williams Beverly Hills
Buyer's Agent
Chase Koplow
Carolwood Estates
List Price
$1,729,000
Sold Price
$1,850,000
Premium/Discount to List
$121,000
7%
Views
43
Current Estimated Value
$2,041,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,445
Avg. Annual Appreciation
4.10%
Original Mortgage
$1,476,000
Outstanding Balance
$1,434,958
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$606,487

Purchase Details

Listed on
Mar 21, 2018
Closed on
Apr 10, 2018
Sold by
Cepelak Justin L
Bought by
Kamens Matthew K and The Barry F Schwartz Trust Fot Abraham S
Seller's Agent
Jeff Yarbrough
Keller Williams Beverly Hills
Buyer's Agent
Jeff Yarbrough
Keller Williams Beverly Hills
List Price
$1,499,000
Sold Price
$1,456,000
Premium/Discount to List
-$43,000
-2.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.79%

Purchase Details

Closed on
Dec 8, 2015
Sold by
Cepelak Justin L
Bought by
Patrickcepelak Living Trust

Purchase Details

Closed on
Dec 2, 2010
Sold by
Keating Francis W
Bought by
Cepelak Justin L and Patrick Sallie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$737,047
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 25, 2004
Sold by
Karis Matthew T and Karis Colleen M
Bought by
Keating Francis W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,800
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2001
Sold by
Scarpulla Cheryl
Bought by
Karis Matthew T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.98%
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
Salazar Oscar Chavez $1,850,000 Fidelity National Title
Kamens Matthew K $1,456,000 Fidelity Sherman Oaks
Patrickcepelak Living Trust -- None Available
Cepelak Justin L $772,500 Fidelity Van Nuys
Keating Francis W $761,000 Equity Title Company
Karis Matthew T $439,500 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salazar Oscar Chavez $1,476,000
Previous Owner Cepelak Justin L $737,047
Previous Owner Keating Francis W $608,800
Previous Owner Karis Matthew T $350,000
Closed Karis Matthew T $89,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2023 05/31/23 Sold $1,850,000 +7.0% $1,035 / Sq Ft
04/28/2023 04/28/23 Pending -- -- --
04/20/2023 04/20/23 For Sale $1,729,000 +18.8% $967 / Sq Ft
04/17/2018 04/17/18 Sold $1,456,000 -2.9% $1,018 / Sq Ft View Prior Sale
04/06/2018 04/06/18 Pending -- -- --
03/21/2018 03/21/18 For Sale $1,499,000 -- $1,048 / 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 $22,838 $1,924,740 $1,539,792 $384,948
2024 $22,838 $1,887,000 $1,509,600 $377,400
2023 $19,386 $1,592,344 $1,273,876 $318,468
2022 $18,482 $1,561,123 $1,248,899 $312,224
2021 $18,260 $1,530,513 $1,224,411 $306,102
2019 $17,711 $1,485,120 $1,188,096 $297,024
2018 $10,847 $894,776 $695,856 $198,920
2016 $10,085 $836,043 $668,836 $167,207
2015 $9,936 $823,486 $658,790 $164,696
2014 $9,970 $807,356 $645,886 $161,470
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-262119

The MLS

APN: 5523-035-026