NOT LISTED FOR SALE

408 N Genesee Ave Unit 1/2 Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $2,164,000 - $3,549,000

2 Beds
2 Baths
-- Sq Ft
6,098 Sq Ft Lot

Highlights

  • Traditional Architecture
  • Living Room
  • Central Heating and Cooling System
  • Wood Flooring
  • Laundry closet
  • Dining Area

About This Home

As of January 2021

This Spanish style building has been extensively renovated from top to bottom, melding old world charm and character with modern luxury. An impressive new kitchen features chef's SS appliances, Carrara marble backsplash, and Caesarstone countertops. This 2BD + 2BA upper unit offers private ensuite bedrooms with Carrara marble bathrooms that match the kitchen to perfection. With brand new flooring throughout, HVAC, and private laundry rooms in each unit, no expense was spared in this remodel! Live the California lifestyle in this stunning new building with private front patios off the bottom units and front balconies in the upstairs ones. Stone's throw from Jon + Vinnys, The Grove, Melrose Farmers Market, and many more LA hotspots, don't miss out on this incredible lease opportunity! 1 car garage parking.

Last Agent to Rent the Property

Sally Forster Jones

Compass License #00558939 Listed on: 11/30/2020

Compass

Co-Listed By

Erica Mitchell

The Beverly Hills Estates License #02053915

Last Renter's Agent

Sally Forster Jones

Compass License #00558939 Listed on: 11/30/2020

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $33,501

Year Built

  • Built in 1928

Lot Details

  • 6,098

Parking

  • 1 Covered Space

Home Design

  • Traditional Architecture

Interior Spaces

  • 2-Story Property
  • Decorative Fireplace
  • Living Room
  • Dining Area
  • Wood Flooring
  • Laundry closet

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $8,590
  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • 12 Month Lease Term
  • Assessor Parcel Number 5527-027-021

Community Details

Overview

  • 4 Units

Pet Policy

  • Call for details about the types of pets allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$33,501

Year Built

Built in 1928

Lot Details

0

Rental Info

  • Security Deposit: 8590
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Listing Details

  • Property Type: Residential Lease
  • Style: Traditional
  • Single Family Or Apt: Condo/Apt
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Stories: 2
  • Year Built: 1928
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Fireplace Rooms: Decorative
  • Flooring: Wood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Closet, In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Range/Oven, Refrigerator

Exterior Features

  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Garage - 1 Car
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 5527-027-021
  • Lot Size Area: 6160

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2017
Sold by
Jones Donald H
Bought by
408-410 N Genesee Llc
Current Estimated Value
$2,796,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,690,000
Outstanding Balance
$889,211
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$1,906,803

Purchase Details

Closed on
Jan 30, 2015
Sold by
Messina Richard
Bought by
The Jones Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,186,500
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 6, 2003
Sold by
Zaferis Theodore
Bought by
Messina Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.93%

Purchase Details

Closed on
Dec 8, 2000
Sold by
Reyes Federico P
Bought by
Zaferis Theodore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.71%

Purchase Details

Closed on
Aug 15, 2000
Sold by
Reyes Benita
Bought by
Reyes Federico P and Reyes Benita M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,000
Interest Rate
8.16%

Purchase Details

Closed on
Nov 23, 1993
Sold by
Acosta Sofia Helen
Bought by
Acosta Sofia Helen and Reyes Benita
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
408-410 N Genesee Llc -- Fidelity National Title
The Jones Family Trust $1,695,000 Lawyers Title
Messina Richard $990,000 Equity Title
Zaferis Theodore $625,000 Stewart Title
Reyes Federico P -- Stewart Title
Acosta Sofia Helen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 408-410 N Genesee Llc $1,690,000
Previous Owner The Jones Family Trust $1,186,500
Previous Owner Messina Richard $600,000
Previous Owner Zaferis Theodore $500,000
Previous Owner Zaferis Theodore $500,000
Previous Owner Reyes Federico P $397,000
Previous Owner Acosta Sofia Helen $315,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2021 01/13/21 Rented $4,200 -2.2% --
11/30/2020 11/30/20 For Rent $4,295 0.0% --
11/30/2020 11/30/20 Off Market $4,295 -- --
08/17/2018 08/17/18 Rented $4,200 -1.2% --
07/06/2018 07/06/18 For Rent $4,250 +10.4% --
03/21/2016 03/21/16 Rented $3,850 -1.2% --
02/19/2016 02/19/16 For Rent $3,895 -- --
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 $33,501 $2,785,400 $2,089,052 $696,348
2024 $33,501 $2,730,786 $2,048,091 $682,695
2023 $32,855 $2,677,242 $2,007,933 $669,309
2022 $31,330 $2,624,748 $1,968,562 $656,186
2021 $30,934 $2,573,283 $1,929,963 $643,320
2019 $30,008 $2,496,960 $1,872,720 $624,240
2018 $29,826 $2,448,000 $1,836,000 $612,000
2016 $20,971 $1,720,848 $1,314,748 $406,100
2015 $14,682 $1,193,031 $903,815 $289,216
2014 $14,748 $1,169,662 $886,111 $283,551
Source: Public Records

Agents Affiliated with this Home

  • Sally Forster Jones

    Landlord's Agent in 2021

    Sally Forster Jones

    Compass

    (310) 341-7238

    4 in this area

    375 Total Sales

    Sally Forster Jones
    Section Image
  • Erica Mitchell

    Landlord's Co-Listing Agent in 2021

    Erica Mitchell

    The Beverly Hills Estates

    (954) 592-3367

    2 in this area

    26 Total Sales

    Erica Mitchell
    Section Image
  • Andrew Rhoda

    Buyer's Agent in 2018

    Andrew Rhoda

    Carolwood Estates

    (213) 915-8879

    65 Total Sales

    Andrew Rhoda
    Section Image
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Map

Source: The MLS

MLS Number: 20-660344

The MLS

APN: 5527-027-021

California Los Angeles County Los Angeles 90036 Melrose

408 N Genesee Ave Unit 1/2, Los Angeles, CA

This home is located at 408 N Genesee Ave Unit 1/2, Los Angeles, CA 90036 since 30 November 2020 and is currently priced at $2,796,014. This property was built in 1928. 408 N Genesee Ave Unit 1/2 is a home located in Los Angeles County with nearby schools including Laurel Elementary, Fairfax High School, and Cheder Of Los Angeles.

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