$1,495,000
$100K PRICE DROP

Estimated payment $9,022/month

Total Views 46,666
6 Beds
6 Baths
2,940 Sq Ft
$509 Price per Sq Ft

Highlights

  • City Lights View
  • Contemporary Architecture
  • Ceramic Tile Flooring
  • Abraham Lincoln High School Rated A
  • No HOA
  • Central Heating

About This Home

"Brand New Construction" in Montecito Heights. 2 detached homes and JADU on one lot. Separate addresses and utilities. Front house, 4205 Mercury Ave., 1650 +/- sq feet. Brand new construction. Featuring 3bd 2.5 ba. Open floor-plan. Entertainers delight. Gourmet kitchen with island sitting. Bar counters with glass cabinets. From living room, access to the outdoor deck. Multiple view decks for outdoor entertainment. Rented for 4,090.00. 4205 1/2 Mercury Ave., was the existing back house. View galore. about 1000 Square feet. Featuring, 2 storey, 2bd 2.5ba, Totally 100% remodeled in 2024. Brand new kitchen, plumbing, bathrooms, electrical, roof, windows, water heater, doors, flooring, central air/heat, electric panel and much, much more. Private outdoor patio with panoramic views. Rented for $3,075.00. 4205 1/4 is studio. about 300 +/- square feet. Rented 1,975.00. The property is located in the Montecito Heights area. It's LA's up and coming neighborhood. California living at its finest. Close to Fwy, DTLA & Pasadena. ALL tenants are Section 8 tenant. Rents are on time and guaranteed. FOR THE OWNER OCCUPANCY buyers, the 4205 lease terminates on 4/8/2025 and 4205 1/2 lease terminates on 5/8/2025. The rents are at PREMIUM and ACTUAL. You can also use the supplemental rent income for loan qualification.

Listing Agent

Ben Shirvan

Shirvan Group Inc License #01190395 Listed on: 10/24/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,995

Year Built

  • Built in 2024

Lot Details

  • 4,424 Sq Ft Lot
  • Property is zoned LAR1

Property Views

  • City Lights
  • Canyon
  • Hills

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2,940 Sq Ft Home
  • 2-Story Property

Kitchen

  • Microwave
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5304-032-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,995

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: New Construction in Montecito Heights. 2 detached homes and JADU on one lot. Separate addresses and utilities. 4205, 1650 +/- sq feet. Brand new construction. 3bd 2.5 ba. Open floor-plan. Entertainers delight. Gourmet kitchen with island sitting. Multiple view decks for outdoor entertainment. Rented for $4,090.00. 4205 1/2, was the existing back house. View galore. about 1000 Square feet. Featuring, 2 storey, 2bd 2.5ba, Totally remodeled 2024. Brand new kitchen, plumbing, bathrooms, electrical, roof, windows, water heater, doors, flooring, central air/heat, electric panel and more. Private outdoor patio with panoramic views. Rented for $3,075.00. 4205 1/4, is studio. about 300 +/- square feet. Rented 1,975.00. ALL Section 8 tenants. Rents on time/guaranteed. For owner occupancy buyers, the 4205 lease terminates 4/8/25 and 4205 1/2 5/8/25. Appointment ONLY. Call/Text Ben 818-822-6026.
  • Living Area: 2940
  • Lot Acreage: 0.1016
  • Year Built: 2024
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: NewHome
  • Stories: 0

Interior Features

  • Flooring: Ceramic Tile, Laminate
  • Bedrooms: 6
  • Full Bathroom: 6
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Unit
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Garbage Disposal, Gas Dryer Hookup, Hood Fan, Microwave
  • Price Per S Q F T: 508.50

Exterior Features

  • Other Structures: Accessory Bldgs
  • Pool: No
  • Spa Yn: No
  • View: Canyon, Hills, City, City Lights
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5304-032-006
  • Lot Size Area: 4424

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $8,995 $715,433 $328,093 $387,340
2023 $4,460 $348,464 $321,660 $26,804
2022 $4,256 $341,632 $315,353 $26,279
2021 $4,963 $334,934 $309,170 $25,764
2019 $4,079 $325,000 $300,000 $25,000
2018 $697 $51,340 $51,340 $0
2016 $667 $49,348 $49,348 $0
2015 $658 $48,607 $48,607 $0
2014 $661 $47,655 $47,655 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2025 04/22/25 Price Changed $1,495,000 0.0% $509 / Sq Ft
04/22/2025 04/22/25 Price Changed $1,495,000 -6.3% $509 / Sq Ft
10/24/2024 10/24/24 For Sale $1,595,000 0.0% $543 / Sq Ft
10/23/2024 10/23/24 For Sale $1,595,000 0.0% $543 / Sq Ft
04/10/2024 04/10/24 Rented $4,097 -9.0% --
02/21/2024 02/21/24 For Rent $4,500 0.0% --
11/27/2018 11/27/18 Sold $325,000 0.0% --
10/28/2018 10/28/18 Pending -- -- --
10/18/2017 10/18/17 For Sale $325,000 -- --
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Interfamily Deed Transfer -- Old Republic Title Company
Grant Deed $325,000 Old Republic Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $934,500 New Conventional
Previous Owner $350,000 New Conventional
Previous Owner $243,750 New Conventional
Source: Public Records

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Source: The MLS

MLS Number: 24-456625

The MLS

APN: 5304-032-006