NOT LISTED FOR SALE

Estimated Value: $1,196,000 - $1,401,000

4 Beds
3 Baths
2,330 Sq Ft
$571/Sq Ft Est. Value

Last Sold October 06, 2021

Last sale price $1,100,000 $472 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $8,407/month

32 Days on Market

Highlights

  • Primary Bedroom Suite
  • Main Floor Primary Bedroom
  • Bonus Room
  • Fireplace in Primary Bedroom
  • Attic
  • 4-minute walk to Angeles Mesa Park

About This Home

As of October 2021

Absolute Beauty! Completely remodeled with the finest touches and boasts an impressive 4 bedrooms, 3 baths with more than 2,300 SQFT of livable space WITH a finished detached garage that can be used as an office, entertainment space or even as a 5th bedroom. This home also has 2 master bedroom suites. One downstairs and one upstairs which is perfect for large families. Very clean curb appeal with new exterior paint and fresh landscape. Open concept living at its best. All new premium laminate flooring throughout the entire home. New interior paint, recessed lighting, windows, HVAC, and a beautifully remodeled kitchen with new cabinets, top-quality quartz countertops with stainless steel appliances. All the bathrooms have also been upgraded with today's trendiest fixtures. Aside from the 4 bedrooms, there is also an additional finished attic space that can be used as a playroom or simply as extra storage space. Love to host gatherings? Perfect! This home has ample backyard space to host all of your special occasions. The detached garage has been completely remodeled with drywall, paint, lights, and floors. There are so many ways to utilize this additional space! The location is perfect and close to all the new amenities that Los Angeles has to offer. You will fall in love with this home at first sight! Welcome home to 4505 7th Ave!

Last Agent to Sell the Property

Mark Hwang

Elevate Real Estate Agency License #01991861 Listed on: 08/05/2021

Co-Listed By

Jessica Lu

Elevate Real Estate Agency License #01989751

Last Buyer's Agent

Erica Jung

Dream Realty & Investments Inc License #01891150

Dream Realty & Investments Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,002

Year Built

  • Built in 1922

Lot Details

  • 6,345 Sq Ft Lot
  • Front and Back Yard Sprinklers
  • Density is up to 1 Unit/Acre
  • Property is zoned LAR2

Interior Spaces

  • 2,330 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Living Room
  • Home Office
  • Bonus Room
  • Laundry Room
  • Attic

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Double Master Bedroom
  • Jack-and-Jill Bathroom
  • In-Law or Guest Suite
  • 3 Full Bathrooms

Additional Features

  • Exterior Lighting
  • Central Air

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 68
  • Tax Tract Number 3813
  • Assessor Parcel Number 5014012012

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,002

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: No
  • Other Phone Description: 7144710632
  • Other Phone Number: 5623738126
  • Property Attached: No
  • View: No
  • Zoning: LAR2
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5014012012
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2330.00 Square Feet
  • Interior Amenities: In-Law Floorplan
  • Stories: 2
  • Common Walls: No Common Walls
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Master Bedroom
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 472.10
  • Room Type: Attic, Bonus Room, Jack & Jill, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Suite, Office, Separate Family Room, Two Masters

Exterior Features

  • Pool Private: No

Utilities

  • Sprinklers: Yes
  • Laundry: Yes
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Sprinkler System, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 6345.00
  • Lot Size Acres: 0.1457

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6345.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2345.02
  • Tax Lot: 68
  • Tax Tract Number: 3813

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2023
Sold by
Park Edward and Park Irene
Bought by
Park Edward and Kim Irene
Current Estimated Value
$1,331,321

Purchase Details

Listed on
Aug 5, 2021
Closed on
Sep 9, 2021
Sold by
Pjp Enterprise Inc
Bought by
Park Edward and Park Young E
Seller's Agent
Mark Hwang
Elevate Real Estate Agency
Buyer's Agent
Erica Jung
Dream Realty & Investments Inc
List Price
$1,098,000
Sold Price
$1,100,000
Premium/Discount to List
$2,000
0.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.00%
Original Mortgage
$880,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 25, 2021
Closed on
Apr 15, 2021
Sold by
Reed Donald
Bought by
Pjp Enterprise Inc
Seller's Agent
Toni Patillo
eXp Realty of California Inc
Buyer's Agent
Mark Hwang
Elevate Real Estate Agency
List Price
$699,000
Sold Price
$800,000
Premium/Discount to List
$101,000
14.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
102.93%
Original Mortgage
$720,000
Interest Rate
3.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 2, 2009
Sold by
Reed Pinetha B
Bought by
Reed Pinetha B and The Pinetha B Reed Separate Property Tru
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Park Edward -- Accommodation/Courtesy Recordi
Park Edward $1,100,000 Fidelity National Title Co
Pjp Enterprise Inc $800,000 Fidelity National Title
Reed Pinetha B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Park Edward $880,000
Previous Owner Pjp Enterprise Inc $720,000
Previous Owner Reed Ronald H $469,342
Previous Owner Reed Ronald H $55,000
Previous Owner Reed Ronald H $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2021 10/06/21 Sold $1,100,000 +0.2% $472 / Sq Ft
09/06/2021 09/06/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $1,098,000 +37.3% $471 / Sq Ft
04/23/2021 04/23/21 Sold $800,000 +14.4% $343 / Sq Ft
04/01/2021 04/01/21 Pending -- -- --
03/25/2021 03/25/21 For Sale $699,000 -- $300 / 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 $14,002 $1,167,328 $848,966 $318,362
2024 $14,002 $1,144,440 $832,320 $312,120
2023 $13,733 $1,122,000 $816,000 $306,000
2022 $13,097 $1,100,000 $800,000 $300,000
2021 $2,302 $167,156 $25,342 $141,814
2020 $2,236 $165,443 $25,083 $140,360
2019 $2,157 $162,200 $24,592 $137,608
2018 $2,087 $159,020 $24,110 $134,910
2016 $1,972 $152,847 $23,175 $129,672
2015 $1,945 $150,552 $22,827 $127,725
2014 $1,961 $147,604 $22,380 $125,224
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS21173061

California Regional Multiple Listing Service (CRMLS)

APN: 5014-012-012