NOT LISTED FOR SALE

4735 Libbit Ave Encino, CA 91436

Estimated Value: $1,527,128 - $1,798,000

3 Beds
2 Baths
1,874 Sq Ft
$897/Sq Ft Est. Value

Last Sold May 13, 2021

Last sale price $1,300,000 $694 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $10,175/month

59 Days on Market

Highlights

  • Primary Bedroom Suite
  • Traditional Architecture
  • Wood Flooring
  • Lanai Road Elementary Rated A-
  • Cathedral Ceiling
  • Granite Countertops

About This Home

As of May 2021

ATTENTION ENCINO BUYERS & DEVELOPERS!! LOCATION LOCATION LOCATION!! Incredible opportunity South of the Blvd in acclaimed Lanai Rd Elementary on Libbit Avenue, one of the most prestigious streets in Encino surrounded by multi-million-dollar homes. Remodel, expand or tear down and build new, the opportunities are endless in this prime location. Existing home offers 3 bd + 2 ba and 1,810 SF and sits on a FLAT 7,860 SF lot with circular driveway. Living room with vaulted ceilings has gas & wood fireplace and dining area. Kitchen has granite counters, gas cooktop and built-in oven plus breakfast area. Master bedroom with walk-in closet & French doors. Washer & dryer in the garage. Private backyard with covered patio and room for pool. Short Westside commute near 405/101 fwys. Walking distance to houses of worship and all the shops, restaurants and entertainment lining famed Ventura Blvd. Sold AS IS.

Last Agent to Sell the Property

Flora Martin

Equity Union License #01868143 Listed on: 03/13/2021

Equity Union

Last Buyer's Agent

Flora Martin

Equity Union License #01868143 Listed on: 03/13/2021

Equity Union

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1956

Lot Details

  • 7,860 Sq Ft Lot
  • Fenced Yard
  • Wood Fence
  • Sprinkler System
  • Property is zoned LARE9

Parking

  • 2 Car Attached Garage
  • 4 Open Parking Spaces

Home Design

  • Traditional Architecture
  • Raised Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,874 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Gas Fireplace
  • Family Room
  • Living Room with Fireplace
  • Dining Area
  • Laundry in Garage

Kitchen

  • Breakfast Area or Nook
  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2284-001-017

Home Details

Home Type

Single Family

Year Built

Built in 1956

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: One
  • Street Number Display: Yes
  • Entry Location: Ground Level - no steps
  • Living Area: 1874
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 1
  • Year Built: 1956
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Cathedral-Vaulted Ceilings
  • Fireplace Rooms: Gas, Gas and Wood, Living Room
  • Flooring: Hardwood, Tile
  • Appliances: Cooktop - Gas, Oven-Gas
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: Master Suite, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower and Tub
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Dining Area
  • Kitchen Features: Granite Counters
  • Laundry: Garage
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 741.73

Exterior Features

  • Construction: Stucco
  • Other Features: High Ceilings (9 Feet+)
  • Other Structures: None
  • Foundation Details: Raised
  • Fence: Wood
  • Patio: Covered Porch
  • Pool: No
  • Roof: Shingle
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 4
  • Covered Parking: 2
  • Parking Garage: Attached, Garage - 2 Car, Garage Is Attached
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central
  • Sewer: In Street
  • Water: In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Sprinkler System
  • Assessor Parcel Number: 2284-001-017
  • Lot Description: Fenced Yard
  • Lot Size Area: 7860

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2019
Closed on
Oct 31, 2019
Sold by
Ebrahimi Mahmood
Bought by
4735 Libbit Ave Llc
Seller's Agent
Flora Martin
Equity Union
Buyer's Agent
Flora Martin
Equity Union
List Price
$1,099,000
Sold Price
$963,000
Premium/Discount to List
-$136,000
-12.37%
Current Estimated Value
$1,680,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$717,532
Avg. Annual Appreciation
9.48%
Original Mortgage
$1,600,000
Outstanding Balance
$1,405,954
Interest Rate
3.65%
Estimated Equity
$274,578

Purchase Details

Closed on
Dec 17, 2018
Sold by
Ebrahimi Mohamad Reza
Bought by
The Mohamad Reza Ebrahimi Living Trust

Purchase Details

Closed on
Feb 26, 2004
Sold by
Miller Claire Schwartz
Bought by
Ebrahimi Mohamad Reza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 1999
Sold by
Schwartz David I
Bought by
Schwartz David Isidore and Schwartz Sylvia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
4735 Libbit Ave Llc $963,000 Fidelity National Title
The Mohamad Reza Ebrahimi Living Trust -- None Available
Ebrahimi Mohamad Reza $565,000 First American
Schwartz David Isidore -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4735 Libbit Ave Llc $1,600,000
Previous Owner Ebrahimi Mohamad Reza $452,000
Closed Ebrahimi Mohamad Reza $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2021 05/13/21 Sold $1,300,000 -6.5% $694 / Sq Ft
05/11/2021 05/11/21 Pending -- -- --
04/27/2021 04/27/21 Price Changed $1,390,000 -0.4% $742 / Sq Ft
03/13/2021 03/13/21 For Sale $1,395,000 0.0% $744 / Sq Ft
02/25/2020 02/25/20 Rented $4,300 -2.3% --
01/29/2020 01/29/20 Price Changed $4,400 +4.8% $2 / Sq Ft
01/27/2020 01/27/20 Price Changed $4,200 -5.4% $2 / Sq Ft
01/22/2020 01/22/20 Price Changed $4,438 0.0% $2 / Sq Ft
01/08/2020 01/08/20 For Rent $4,440 0.0% --
11/13/2019 11/13/19 Sold $963,000 -3.7% $514 / Sq Ft View Prior Sale
09/06/2019 09/06/19 Price Changed $1,000,000 -9.0% $534 / Sq Ft
07/10/2019 07/10/19 For Sale $1,099,000 -- $586 / Sq Ft
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 $16,749 $1,407,161 $1,125,729 $281,432
2024 $16,749 $1,379,570 $1,103,656 $275,914
2023 $16,505 $1,352,520 $1,082,016 $270,504
2022 $15,731 $1,326,000 $1,060,800 $265,200
2021 $11,697 $972,976 $778,381 $194,595
2020 $11,816 $963,000 $770,400 $192,600
2019 $8,633 $720,116 $576,096 $144,020
2018 $8,563 $705,997 $564,800 $141,197
2016 $8,175 $678,584 $542,869 $135,715
2015 $8,055 $668,392 $534,715 $133,677
2014 $8,083 $655,300 $524,241 $131,059
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-704696

The MLS

APN: 2284-001-017