$520,000
SOLD AUG 15, 2024

4015 Fairmount St Los Angeles, CA 90063

2 Beds
1 Bath
830 Sq Ft
5,765 Sq Ft Lot

Recently Sold

$627 Per Sq Ft

13% Below List Price

75 Days on Market

Highlights

  • View of Hills
  • Hilltop Location
  • Cul-De-Sac
  • James A. Garfield Senior High School Rated A
  • No HOA
  • 4-minute walk to City Terrace Park

About This Home

As of February 2025

Located in the hills of City Terrace, this charming property offers a unique opportunity. Situated on a large lot, this small home presents abundant potential, boasting ample room for additions and customization. Perched atop a hill in East Los Angeles, it provides breathtaking views of the iconic Los Angeles landscape. Positioned just southwest of the San Gabriel Valley and east of Downtown LA, residents enjoy easy access to amenities, transportation, and freeways, ensuring a convenient lifestyle. Nestled on a tranquil cul-de-sac, residents can enjoy privacy and peace in this serene neighborhood setting. It's close proximity to Cal State LA makes it an ideal location for students and faculty alike. Don't miss out on the chance to make this property your own in the heart of Southern California.

Last Agent to Sell the Property

Aaron Mejia

Christie's International Real Estate SoCal License #01896881 Listed on: 03/28/2024

Christie's International Real Estate SoCal

Last Buyer's Agent

Aaron Mejia

Christie's International Real Estate SoCal License #01896881 Listed on: 03/28/2024

Christie's International Real Estate SoCal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,550

Year Built

  • Built in 1952

Lot Details

  • 5,765 Sq Ft Lot
  • Cul-De-Sac
  • South Facing Home
  • Hilltop Location
  • Property is zoned LCR2*

Home Design

  • Stucco

Interior Spaces

  • 830 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Area
  • Views of Hills

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Carport Spaces
  • Driveway

Location

  • City Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5226-037-031

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,550

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 830
  • Lot Acreage: 0.1323
  • Planned Urban Dev: 0
  • Probate: No
  • Year Built: 1952
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Carpet, Tile
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 1.00
  • Den: 0
  • Price Per S Q F T: 662.65

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Hills
  • View: Yes

Garage/Parking

  • Carport Spaces: 2
  • Parking Garage: Carport, Driveway

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessor Parcel Number: 5226-037-031
  • Lot Location: City, Hilltop, Cul-De-Sac
  • Lot Size Area: 5765

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2024
Closed on
Jan 3, 2025
Sold by
Sapphire Realty Llc
Bought by
Tule River Homebuyer Earned Equity Agency
Seller's Agent
Herman Lee
HERMAN LEE, BROKER
Buyer's Agent
Othoniel Vargas
ehomes inc.
List Price
$650,000
Sold Price
$640,000
Premium/Discount to List
-$10,000
-1.54%
Views
35
Current Estimated Value
$631,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,931
Avg. Annual Appreciation
-3.01%
Original Mortgage
$6,400
Outstanding Balance
$6,006
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$625,063

Purchase Details

Listed on
Mar 28, 2024
Closed on
Aug 8, 2024
Sold by
Arana Jorge G and Arana Dora V
Bought by
Sapphire Realty Llc
Seller's Agent
Aaron Mejia
Christie's International Real Estate SoCal
Buyer's Agent
Aaron Mejia
Christie's International Real Estate SoCal
List Price
$599,000
Sold Price
$520,000
Premium/Discount to List
-$79,000
-13.19%
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.55%

Purchase Details

Closed on
Jan 21, 1998
Sold by
Gruzen Jack and Gruzen Guta
Bought by
Arana Jorge A and Arana Dora V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,500
Interest Rate
7.05%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $640,000 Westcor Land Title Insurance C
Grant Deed $520,000 Wfg National Title
Grant Deed $101,900 North American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $6,400 New Conventional
Open $628,408 FHA
Previous Owner $200,000 Unknown
Previous Owner $157,300 Unknown
Previous Owner $143,500 Fannie Mae Freddie Mac
Previous Owner $96,831 FHA
Previous Owner $18,988 Unknown
Previous Owner $15,000 Credit Line Revolving
Previous Owner $101,500 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Sold $640,000 -1.5% $771 / Sq Ft
12/11/2024 12/11/24 For Sale $650,000 +1.6% $783 / Sq Ft
12/08/2024 12/08/24 Off Market $640,000 -- --
12/02/2024 12/02/24 Price Changed $650,000 -3.7% $783 / Sq Ft
11/05/2024 11/05/24 For Sale $675,000 +29.8% $813 / Sq Ft
08/15/2024 08/15/24 Sold $520,000 -5.5% $627 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
05/30/2024 05/30/24 Price Changed $550,000 -8.2% $663 / Sq Ft
03/28/2024 03/28/24 For Sale $599,000 -- $722 / 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 $2,550 $159,488 $95,478 $64,010
2023 $2,509 $156,361 $93,606 $62,755
2022 $2,405 $153,296 $91,771 $61,525
2021 $2,374 $150,291 $89,972 $60,319
2019 $2,307 $145,835 $87,304 $58,531
2018 $2,231 $142,977 $85,593 $57,384
2016 $2,133 $137,426 $82,270 $55,156
2015 $2,101 $135,363 $81,035 $54,328
2014 $2,103 $132,712 $79,448 $53,264
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-373993

The MLS

APN: 5226-037-031