3735 Latrobe St Los Angeles, CA 90031
Montecito Heights Neighborhood
2
Beds
1
Bath
768
Sq Ft
7,481
Sq Ft Lot
Highlights
- Midcentury Modern Architecture
- View of Hills
- No HOA
- Abraham Lincoln High School Rated A
- Deck
- Balcony
About This Home
As of September 2024ATTENTION INVESTORS, CONTRACTORS, AND HILLSIDE SPECIALISTS!! VIEWS, VIEWS, VIEWS!!
Great opportunity to purchase this Mid-Century fixer-upper home, tucked away in the quiet hillside streets of the highly desired Montecito Heights. This home requires immediate structural repairs and bracing, as the foundation has collapsed and/or deteriorated to the extent that the property is uninhabitable.
Bring your contractors, engineers, and checkbook, as this property will not last for the right investor or builder who understands hillside construction. With the proper vision and team, this property can be restored to its original Mid-Century glory, enhanced with modern upgrades and amenities.
This home was built in 1961 and consists of 768 square feet of living area, with 2 bedrooms and 1 bath on a generous 7,481 square feet lot. It features ceiling-to-floor windows/ sliding doors in the bedroom and living room, providing direct access to a large patio deck with views of the picturesque Montecito Heights hillsides.
This property will not last.
CASH OFFERS ONLY.
Last Agent to Sell the Property
Lotus Property Services, Inc. Brokerage Email: vincent@lotuspropertyservices.net License #01711465 Listed on: 07/09/2024
Last Buyer's Agent
Lotus Property Services, Inc. Brokerage Email: vincent@lotuspropertyservices.net License #01711465 Listed on: 07/09/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,204
Year Built
- Built in 1962
Lot Details
- 7,481 Sq Ft Lot
- Steep Slope
- Property is zoned LAR1
Home Design
- Midcentury Modern Architecture
- Major Repairs Completed
- Fixer Upper
- Flat Roof Shape
Interior Spaces
- 768 Sq Ft Home
- 1-Story Property
- Living Room
- Carpet
- Views of Hills
Kitchen
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
- Bathtub
Parking
- 1 Open Parking Space
- 1 Parking Space
- Parking Available
- Paved Parking
- Parking Lot
Outdoor Features
- Balcony
- Deck
- Patio
Community Details
- No Home Owners Association
- Mountainous Community
Listing and Financial Details
- Tax Lot 1357
- Tax Tract Number 23
- Assessor Parcel Number 5304014030
- $181 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 9, 2024
Closed on
Aug 9, 2024
Sold by
Colleen Fong & Carl Stempel Living Trust and Bowden-Verhoek Jon
Bought by
Tesoro Joy Llc
Seller's Agent
Vincent Medina
Lotus Property Services, Inc.
Buyer's Agent
Vincent Medina
Lotus Property Services, Inc.
List Price
$550,000
Sold Price
$625,000
Premium/Discount to List
$75,000
13.64%
Total Days on Market
13
Views
88
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,884
Avg. Annual Appreciation
101.91%
Original Mortgage
$749,600
Outstanding Balance
$744,364
Interest Rate
6.78%
Mortgage Type
Construction
Estimated Equity
$299,520
Purchase Details
Closed on
Feb 28, 2024
Sold by
Florence Verhoek Living Trust
Bought by
Verhoek Margot and Bowden-Verhoek Jon Kaisen
Purchase Details
Closed on
Nov 23, 2020
Sold by
Fong Colleen
Bought by
Fong Colleen and Stempel Carl
Similar Homes in the area
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $625,000 | Ticor Title | |
| Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $749,600 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/06/2024 09/06/24 | Sold | $625,000 | +13.6% | $814 / Sq Ft |
| 07/22/2024 07/22/24 | Pending | -- | -- | -- |
| 07/09/2024 07/09/24 | For Sale | $550,000 | -- | $716 / 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 | $6,204 | $502,036 | $385,838 | $116,198 |
| 2023 | $6,175 | $499,776 | $378,262 | $121,514 |
| 2022 | $3,790 | $310,097 | $236,718 | $73,379 |
| 2021 | $3,743 | $304,018 | $232,077 | $71,941 |
| 2020 | $3,779 | $300,902 | $229,698 | $71,204 |
| 2019 | $3,632 | $295,003 | $225,195 | $69,808 |
| 2018 | $3,601 | $289,220 | $220,780 | $68,440 |
| 2016 | $3,440 | $277,991 | $212,207 | $65,784 |
| 2015 | $3,390 | $273,816 | $209,020 | $64,796 |
| 2014 | $3,410 | $268,453 | $204,926 | $63,527 |
Source: Public Records
Agents Affiliated with this Home
-
Vincent Medina
Seller's Agent in 2024
Vincent Medina
Lotus Property Services, Inc.
(626) 582-8001
1 in this area
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR24140148
APN: 5304-014-030
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 0 Latrobe
- 848 Montecito Dr
- 1163 Montecito Dr
- 1158 Montecito Dr
- 1196 Montecito Dr
- 4030 Elderbank Dr
- 3952 Elderbank Dr
- 1124 Montecito Dr
- 536 Montecito Dr
- 4000 N Elderbank
- 3956 Elderbank Dr
- 4037 Elderbank Dr
- 4033 Elderbank Dr
- 4031 Elderbank Dr
- 3750 Roberta St
- 3754 Roberta St
- 3756 Roberta St
- 3526 Sierra St
- 3527 Sierra St
- 4214 Griffin Ave