NOT LISTED FOR SALE

Estimated Value: $1,262,000 - $1,579,000

3 Beds
3 Baths
1,600 Sq Ft
$861/Sq Ft Est. Value

Last Sold May 17, 2024

Last sale price $1,550,000 $969 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $8,608/month

12 Days on Market

Highlights

  • Engineered Wood Flooring
  • 5-minute walk to Expo/Crenshaw
  • 1 Car Attached Garage
  • Spanish Architecture
  • No HOA
  • Tandem Parking

About This Home

As of May 2024

OFFERS DUE MONDAY 2/26 @ NOON. Welcome to The Light House. Sun-drenched and stylish this re-imagined Spanish home located in the highly desirable West Adams is bathed in natural light, earthy neutral tones and designer finishes. Adorable curb appeal with high hedging and a fence lead to your large front patio showcasing terra cotta Saltillo Tile, Mediterranean landscaping and chic lighting. Upon entering, you are greeted with a large living room, barrel vaulted ceilings and a grand picture window. Adorned with white oak hardwood floors the open floor plan leads to dining which opens to the kitchen, perfect to entertain. The kitchen is fitted with luxury appliances, stylish finishes and the cutest breakfast nook to wake up and enjoy your morning tea or coffee! Skylights through-out make the home feel open and airy. The spacious primary suite, with access to the backyard, boasts a large walk-in-closet, ready to be outfitted to your desire, and large ensuite bathroom featuring a dual sink vanity, huge shower with dual fixtures and seating bench with gorgeous designer tiles. The freestanding soaking tub is perfect to unwind and relax. 2 additional bedrooms and two beautiful baths. Renovated down to the studs with new systems (windows, electrical, plumbing, hvac, roof), this home is sited on a large, fully gated + private 5000sf lot featuring a long drive, 2 car tandem garage and a HUGE grassy backyard. Turn the garage into an ADU to offset your monthly cost or elevate the property by adding a pool! Centrally located in the heart of West Adams, you'll have easy access to the Expo and Crenshaw Lines and proximity to DTLA, Culver City and the beach. West Adams favorites like Highly Likely, Taqueria Los Anaya, Tartine, Farmhouse Kitchen, Mizlala, and more are all within close proximity. Possibilities are endless on Somerset and with only 20 minutes to the beach this is one offering you do not want to miss!!!

Last Agent to Sell the Property

Gia Casty

Compass License #01520830 Listed on: 02/15/2024

Compass

Last Buyer's Agent

Gina Michelle

The Agency License #01503003

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,996

Year Built

  • Built in 1926

Lot Details

  • 5,040 Sq Ft Lot
  • Lot Dimensions are 40x126
  • Property is zoned LAR2

Home Design

  • Spanish Architecture

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • Engineered Wood Flooring

Kitchen

  • Oven or Range
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Tandem Parking
  • Driveway
  • RV Potential

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5046-003-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,996

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1600
  • Lot Acreage: 0.1157
  • Lot Dimensions: 40x126
  • Stories: 1
  • Year Built: 1926
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Engineered Hardwood
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Laundry Closet Stacked
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Refrigerator, Garbage Disposal, Range/Oven, Water Line to Refrigerator, Washer, Dryer
  • Price Per S Q F T: 906.25

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Garage Is Detached, RV Possible, Garage - 2 Car, Tandem, Driveway - Concrete
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5046-003-005
  • Lot Size Area: 5040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2024
Closed on
May 13, 2024
Sold by
3437 Somerset Llc
Bought by
Khoucasian Peggy and Khoucasian Zohrab
Seller's Agent
Gia Casty
Compass
Buyer's Agent
Gina Michelle
The Agency
List Price
$1,450,000
Sold Price
$1,550,000
Premium/Discount to List
$100,000
6.9%
Views
7
Current Estimated Value
$1,381,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$168,775
Avg. Annual Appreciation
-9.02%
Original Mortgage
$750,000
Outstanding Balance
$740,746
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$636,594

Purchase Details

Closed on
Dec 22, 2021
Sold by
Wallace Bowie Patrice Rachelle and Wallace Barbara Jane
Bought by
3437 Somerset Llc

Purchase Details

Closed on
Jul 9, 2019
Sold by
Wallace Barbara
Bought by
Wallace Barbara Jane and Wallace Barbara Jane
Source: Public Records

Range of Values:

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Average Value
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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
Khoucasian Peggy $1,550,000 Fidelity National Title
3437 Somerset Llc $985,000 Lawyers Title Company
Wallace Barbara Jane -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khoucasian Peggy $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2024 05/17/24 Sold $1,550,000 +6.9% $969 / Sq Ft
02/27/2024 02/27/24 Pending -- -- --
02/15/2024 02/15/24 For Sale $1,450,000 -- $906 / 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 $12,996 $1,581,000 $1,264,800 $316,200
2024 $12,996 $1,062,793 $819,835 $242,958
2023 $12,300 $1,004,700 $803,760 $200,940
2022 $597 $36,898 $21,683 $15,215
2021 $581 $36,175 $21,258 $14,917
2019 $566 $35,105 $20,629 $14,476
2018 $507 $34,418 $20,225 $14,193
2017 $498 $33,744 $19,829 $13,915
2016 $474 $33,084 $19,441 $13,643
2015 $468 $32,588 $19,149 $13,439
2014 $480 $31,950 $18,774 $13,176
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-358895

The MLS

APN: 5046-003-005