NOT LISTED FOR SALE

449 N Las Palmas Ave Los Angeles, CA 90004

Hancock Park Neighborhood

Estimated Value: $4,457,000 - $6,023,000

3 Beds
2.5 Baths
3,430 Sq Ft
$1,542/Sq Ft Est. Value

Last Sold June 21, 2019

Last sale price $4,200,000 $1,224 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $32,470/month

Highlights

  • In Ground Pool
  • Wood Flooring
  • No HOA
  • Third Street Elementary School Rated A
  • Spanish Architecture
  • Den

About This Home

As of June 2019

Majestic two-Story Spanish home on a serene, tree lined street, right in the heart of prestigious Hancock Park! Enter through a lovely front courtyard with a fountain into this beautiful, impeccable home, restored by William Hefner. A grand two-story entry with winding staircase and amazing wood beamed ceiling welcomes you in. The splendid step-down living room features gorgeous high beamed ceilings and a fireplace and an adjacent den/library. A formal dining room overlooks the front courtyard and leads to a gourmet chef's kitchen with center island, built-in appliances and breakfast room as well as fantastic butler's pantry with built-in wine cooler. A winding staircase showcasing Spanish tiles and flooded with natural light leads up to three bedrooms and two baths. From every room downstairs one can go out to the secluded, amazing back yard with a sparkling pool and sitting patios surrounded by gorgeously landscaped garden with mature olive trees, offering serenity and peacefulness.

Last Agent to Sell the Property

Leah Brenner Naomi Hartman

Coldwell Banker Realty License #00917665 Listed on: 06/21/2019

Coldwell Banker Realty

Co-Listed By

Naomi Hartman

Coldwell Banker Realty License #00769979

Last Buyer's Agent

Sheri Bienstock

The Bienstock Group License #01746994

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $55,743

Year Built

  • Built in 1927

Lot Details

  • 0.32 Acre Lot
  • Property is zoned LARE11

Home Design

  • Spanish Architecture

Interior Spaces

  • 3,430 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Powder Room

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Carport

Outdoor Features

  • In Ground Pool
  • Open Patio

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5524-033-019

Home Details

Home Type

Single Family

Est. Annual Taxes

$55,743

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 3430
  • Probate: No
  • Stories: 2
  • Year Built: 1927
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Room
  • Total Bathrooms: 3.00
  • Equipment: Built-Ins, Dishwasher, Dryer, Freezer, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1151.31

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Private
  • Pool: Yes
  • Spa Yn: No
  • View: No

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Carport
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5524-033-019
  • Geocode Override: No
  • Lot Size Area: 13754

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2024
Sold by
Lafferty Mark Alan and Shetter Sarah Katherine
Bought by
Shetter-Lafferty Family Trust and Lafferty
Current Estimated Value
$5,289,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Outstanding Balance
$3,464,027
Interest Rate
5.95%
Mortgage Type
New Conventional
Estimated Equity
$1,825,881

Purchase Details

Closed on
Nov 22, 2024
Sold by
Pittman Noel
Bought by
Lafferty Mark Alan and Shetter Sarah Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Outstanding Balance
$3,464,027
Interest Rate
5.95%
Mortgage Type
New Conventional
Estimated Equity
$1,825,881

Purchase Details

Listed on
Jun 21, 2019
Closed on
Jun 14, 2019
Sold by
Hefner William R and Hefner Hoshino Living Trust
Bought by
Pittman Noel
Seller's Agent
Leah Brenner Naomi Hartman
Coldwell Banker Realty
Buyer's Agent
Sheri Bienstock
The Bienstock Group
List Price
$3,949,000
Sold Price
$4,200,000
Premium/Discount to List
$251,000
6.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.69%

Purchase Details

Closed on
Mar 9, 2011
Sold by
Hefner William and Hoshino Kazuko
Bought by
Hefner William R and Hoshino Kazuko

Purchase Details

Closed on
Apr 27, 2006
Sold by
Hefner William R and Hoshino Kazuko
Bought by
Hefner William

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
6.46%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 17, 2005
Sold by
Reverse Exchange Properties Inc
Bought by
Hefner William R

Purchase Details

Closed on
Jun 16, 2005
Sold by
Reverse Exchange Properties Inc
Bought by
Hefner William R

Purchase Details

Closed on
Jul 15, 2004
Sold by
Hefner William and Hoshino Kazuko
Bought by
Hefner William R
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
Shetter-Lafferty Family Trust -- None Listed On Document
Lafferty Mark Alan $5,850,000 Equity Title
Pittman Noel $4,200,000 Equity Title Company
Hefner William R -- None Available
Hefner William -- Stewart Title Guaranty Compa
Hefner William R -- --
Hefner William R -- --
Hefner William R -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shetter-Lafferty Family Trust $3,500,000
Previous Owner Hefner William $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2019 06/21/19 Sold $4,200,000 +6.4% $1,224 / Sq Ft
06/21/2019 06/21/19 Pending -- -- --
06/21/2019 06/21/19 For Sale $3,949,000 0.0% $1,151 / Sq Ft
09/20/2017 09/20/17 Rented $13,000 +4.0% --
09/18/2017 09/18/17 Under Contract -- -- --
08/24/2017 08/24/17 For Rent $12,500 -- --
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 $55,743 $5,850,000 $4,150,000 $1,700,000
2024 $55,743 $4,593,309 $3,674,649 $918,660
2023 $54,653 $4,503,246 $3,602,598 $900,648
2022 $52,095 $4,414,948 $3,531,959 $882,989
2021 $51,476 $4,328,381 $3,462,705 $865,676
2019 $16,449 $2,824,716 $2,285,395 $539,321
2018 $33,642 $2,769,331 $2,240,584 $528,747
2016 $32,192 $2,661,796 $2,153,580 $508,216
2015 $31,609 $2,612,544 $2,121,232 $491,312
2014 $29,136 $2,351,000 $1,909,000 $442,000
Source: Public Records

Agents Affiliated with this Home

  • Leah Brenner Naomi Hartman

    Seller's Agent in 2019

    Leah Brenner Naomi Hartman

    Coldwell Banker Realty

    (323) 860-4245

    7 in this area

    22 Total Sales

    Leah Brenner Naomi Hartman
    Section Image
  • Naomi Hartman

    Seller Co-Listing Agent in 2019

    Naomi Hartman

    Coldwell Banker Realty

    (323) 462-0867

    6 in this area

    19 Total Sales

    Naomi Hartman
    Section Image
  • Sheri Bienstock

    Buyer's Agent in 2019

    Sheri Bienstock

    The Bienstock Group

    (323) 310-2525

    49 in this area

    218 Total Sales

    Sheri Bienstock
    Section Image
  • Caroline Wolf

    Buyer's Agent in 2017

    Caroline Wolf

    Compass

    (773) 350-8535

    7 in this area

    74 Total Sales

    Caroline Wolf
    Section Image
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Map

Source: The MLS

MLS Number: 19-480570

The MLS

APN: 5524-033-019

California Los Angeles County Los Angeles 90004 Hancock Park

449 N Las Palmas Ave, Los Angeles, CA

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