NOT LISTED FOR SALE

4360 Forman Ave Toluca Lake, CA 91602

Estimated Value: $2,650,469 - $3,293,000

3 Beds
3 Baths
2,708 Sq Ft
$1,099/Sq Ft Est. Value

Last Sold September 16, 2021

Last sale price $2,390,000 $883 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $18,368/month

Highlights

  • Detached Guest House
  • Greenhouse
  • Traditional Architecture
  • Rio Vista Elementary Rated A-
  • Updated Kitchen
  • Great Room with Fireplace

About This Home

As of September 2021

Located in the heart of Toluca Lake, this mid-century traditional was originally designed and constructed by William Mellenthin, a renowned developer with a long history of building homes of architectural significance. Meticulous craftsmanship featuring hardwood floors, a vaulted wood beam ceiling, and built-in shelves and cabinetry can be found throughout the free-flowing open floor plan. Tastefully remodeled and upgraded the main residence is 3-bedrooms and 2-baths in 2,208 square feet. Design elements include custom doors throughout, Pella windows throughout, two fireplaces, and a large kitchen which flows seamlessly with the great room. The kitchen features a large island, granite counters, large pantry, and GE Café appliances. Looking for privacy for visiting guests, a music studio, home office or gym? The spacious 11,501 square foot lot includes a separate 500 square foot Accessory Living Quarters with full bath and loft. The secluded and serene backyard includes a greenhouse, pond and is the perfect setting to relax and unwind on the patio. Close to Lakeside Golf Club, studios and just a short walk to Toluca village shops and restaurants. William Klump was a pioneer of our community who purchased seven residential lots and in 1926, he built the Klump estate on Forman Avenue which remains standing. The magnificent home at 4360 Forman Avenue stands on the last remaining family-owned lot (once part of the Klump estate), and now this remarkable piece of history is on the market for the very first time.

Last Agent to Sell the Property

Scott Morris

eXp Realty of Greater Los Angeles, Inc. License #00987383 Listed on: 08/13/2021

eXp Realty of Greater Los Angeles, Inc.

Last Buyer's Agent

Scott Morris

eXp Realty of Greater Los Angeles, Inc. License #00987383 Listed on: 08/13/2021

eXp Realty of Greater Los Angeles, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,286

Year Built

  • Built in 1967

Lot Details

  • 0.26 Acre Lot
  • Landscaped
  • Sprinkler System
  • Private Yard
  • Lawn
  • Back and Front Yard
  • Property is zoned LAR1

Parking

  • 2 Car Attached Garage
  • Parking Available

Home Design

  • Traditional Architecture
  • Turnkey

Interior Spaces

  • 2,708 Sq Ft Home
  • Great Room with Fireplace
  • Living Room with Fireplace

Kitchen

  • Updated Kitchen
  • Walk-In Pantry
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Covered Patio or Porch
  • Greenhouse
  • Rain Gutters

Additional Features

  • Detached Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 4 / 5
  • Tax Tract Number 8064
  • Assessor Parcel Number 2424024029
  • $428 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,286

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: LAR1
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2424024029
  • Year Built: 1967
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2708.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Great Room
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 882.57
  • Room Type: Great Room, Kitchen, Living Room, Walk-In Closet, Walk-In Pantry
  • Bathroom Features: Remodeled, Upgraded
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Other Structures: Greenhouse, Guest House Detached
  • Patio And Porch Features: Covered
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Lot 10000-19999 Sqft, Sprinkler System, Yard
  • Lot Size Sq Ft: 11501.00
  • Lot Size Acres: 0.2640
  • Latitude Manual: 34.14978800

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11501.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 5
  • Tax Census Tract: 1431.00
  • Tax Lot: 4
  • Tax Tract Number: 8064
  • TaxOtherAnnualAssessmentAmount: 428.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2021
Closed on
Aug 23, 2021
Sold by
Klump Anne E
Bought by
Tabbaz Amir A
Seller's Agent
Scott Morris
eXp Realty of Greater Los Angeles, Inc.
Buyer's Agent
Scott Morris
eXp Realty of Greater Los Angeles, Inc.
List Price
$2,295,000
Sold Price
$2,390,000
Premium/Discount to List
$95,000
4.14%
Current Estimated Value
$2,976,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$586,617
Avg. Annual Appreciation
5.56%
Original Mortgage
$0
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2002
Sold by
Klump Anne E
Bought by
Klump William S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
5.96%
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
Tabbaz Amir A $2,390,000 Chicago Title
Klump William S -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tabbaz Amir A $0
Previous Owner Klump William S $146,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2021 09/16/21 Sold $2,390,000 +4.1% $883 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $2,295,000 -- $847 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $30,286 $2,536,285 $2,029,028 $507,257
2024 $30,286 $2,486,555 $1,989,244 $497,311
2023 $29,694 $2,437,800 $1,950,240 $487,560
2022 $28,304 $2,390,000 $1,912,000 $478,000
2021 $5,470 $428,769 $256,985 $171,784
2019 $5,313 $416,053 $249,363 $166,690
2018 $5,192 $407,896 $244,474 $163,422
2016 $4,949 $392,059 $234,982 $157,077
2015 $4,880 $386,171 $231,453 $154,718
2014 $4,905 $378,608 $226,920 $151,688
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21178953

California Regional Multiple Listing Service (CRMLS)

APN: 2424-024-029