$1,205,016
SOLD OCT 25, 2019

5016 Ranchito Ave Sherman Oaks, CA 91423

3 Beds
2 Baths
1,475 Sq Ft
8,496 Sq Ft Lot

Recently Sold

$817 Per Sq Ft

22% Above List Price

7 Days on Market

Highlights

  • Property is near public transit
  • Traditional Architecture
  • Lawn
  • Chandler Elementary Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of November 2021

3 bed 2 bath located in the Fashion Square neighborhood in Sherman Oaks. Built by Paul Trousdale, one of LA's most prominent builders, and situated on a 8,496 sqft lot! In the living room, a wall of windows showcase the backyard & the fireplace is a stylish enhancement. Recently updated kitchen w/ newer countertops, sink & freshly painted cabinets. The dining area has views of the yard & patio. Master bed at the rear of the home has a wall of closets & backyard views. A 2nd bed offers ample closet space. These rooms share a full bath. 3rd bedroom w/ en-suite 3/4. Surrounded by a privacy fence, fruit trees & foliage, the large rear yard provides ample space to entertain. The covered patio is a perfect setting for al fresco dining & the lawn is just waiting for you to sit and bask in the So. Cal sun. Room for a pool! 2 car garage, gated driveway w/ lots of parking, laundry rm, newer roof, newer dual pane windows, pre-wired for alarm, newer central AC/heat.

Last Agent to Sell the Property

Elizabeth Marquart

Estate Properties License #01344207 Listed on: 09/04/2019

Last Buyer's Agent

Chris Holland

License #01092659

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,120

Year Built

  • Built in 1948

Lot Details

  • 8,496 Sq Ft Lot
  • Fenced Yard
  • Landscaped
  • Front and Back Yard Sprinklers
  • Lawn
  • Back Yard
  • Property is zoned LAR1

Parking

  • 2 Car Garage
  • 5 Open Parking Spaces
  • Garage Door Opener
  • Driveway
  • Automatic Gate

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,475 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Double Pane Windows
  • Living Room with Fireplace
  • Dining Area
  • Alarm System

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • <<tubWithShowerToken>>
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Covered patio or porch

Location

  • Property is near public transit
  • City Lot

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2269-005-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,120

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: 3 bed 2 bath located in the Fashion Square neighborhood in Sherman Oaks. Built by Paul Trousdale, one of LA's most prominent builders, and situated on a 8,496 sqft lot! In the living room, a wall of windows showcase the backyard & the fireplace is a stylish enhancement. Recently updated kitchen w/ newer countertops, sink & freshly painted cabinets. The dining area has views of the yard & patio. Master bed at the rear of the home has a wall of closets & backyard views. A 2nd bed offers ample closet space. These rooms share a full bath. 3rd bedroom w/ en-suite 3/4. Surrounded by a privacy fence, fruit trees & foliage, the large rear yard provides ample space to entertain. The covered patio is a perfect setting for al fresco dining & the lawn is just waiting for you to sit and bask in the So. Cal sun. Room for a pool! 2 car garage, gated driveway w/ lots of parking, laundry rm, newer roof, newer dual pane windows, pre-wired for alarm, newer central AC/heat.
  • Entry Location: Living Room
  • Living Area: 1475
  • Planned Urban Dev: 0
  • Stories: 1
  • Year Built: 1948
  • Number Of Photos: 39
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Built-Ins
  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Hardwood, Tile
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: Master Bedroom
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Linen Closet, Shower and Tub, Shower Stall, Tile
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area, In Kitchen
  • Laundry: Inside, Room
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Alarm System, Built-Ins, Ceiling Fan, Dishwasher, Dryer, Freezer, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 667.80
  • Windows: Double Pane Windows

Exterior Features

  • Tennis Court Y/N: No
  • Patio: Covered, Patio Open
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 5
  • Covered Parking: 2
  • Parking Garage: Covered Parking, Detached, Door Opener, Driveway, Driveway - Concrete, Garage, Garage - 2 Car, Garage Is Detached, Private
  • Total Parking: 7

Utilities

  • Cooling: Air Conditioning, Ceiling Fan, Central
  • Heating: Central
  • Security: Prewired for alarm system
  • Sewer: In Street

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Los Angeles Unified

Lot Info

  • Special Zoning: Property Report
  • Sprinklers: Front, Rear, Sprinkler System
  • Horses: No
  • Assessor Parcel Number: 2269-005-007
  • Geocode Override: No
  • Lot Description: Automatic Gate, Back Yard, Fenced Yard, Landscaped, Lawn, Yard
  • Lot Location: City, Near Public Transit
  • Lot Size Area: 8496

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 0

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 29, 2024
Sold by
Poghosyan Nuritsa
Bought by
Ghukasyan Suzana
Current Estimated Value
$2,342,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,760,000
Outstanding Balance
$1,737,399
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$615,944

Purchase Details

Listed on
Oct 13, 2021
Closed on
Oct 28, 2021
Sold by
Mkrtchyan Tigran
Bought by
Poghosyan Nuritsa
Seller's Agent
Arman Grigoryan
Keller Williams Beverly Hills
Buyer's Agent
Hakop Jack Erzrumyan
Compass
List Price
$1,500,000
Sold Price
$1,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.94%
Original Mortgage
$975,000
Interest Rate
2.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 2020
Sold by
Hovsepyan Ani
Bought by
Mkrtchyan Tigran

Purchase Details

Listed on
Sep 4, 2019
Closed on
Oct 10, 2019
Sold by
Charchyan Avetik
Bought by
Charchyan Hasmik
Seller's Agent
Elizabeth Marquart
Estate Properties
Buyer's Agent
Chris Holland
List Price
$985,000
Sold Price
$1,205,016
Premium/Discount to List
$220,016
22.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.39%
Original Mortgage
$343,000
Interest Rate
3.6%

Purchase Details

Listed on
Sep 4, 2019
Closed on
Sep 18, 2019
Sold by
Swenson Marita S and The Martha S Swenston Trust
Bought by
Charchyan Hasmik
Seller's Agent
Elizabeth Marquart
Estate Properties
Buyer's Agent
Chris Holland
List Price
$985,000
Sold Price
$1,205,016
Premium/Discount to List
$220,016
22.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,000
Interest Rate
3.6%

Purchase Details

Closed on
Nov 21, 2001
Sold by
Swenson Marita S
Bought by
Swenson Marita S and Marita S Swenson Trust
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,347,000 Chicago Title Company
Quit Claim Deed -- Chicago Title Company
Grant Deed $1,500,000 Chicago Title Company
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $50,000 Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Grant Deed $1,205,500 Progressive Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,760,000 New Conventional
Previous Owner $1,000,000 New Conventional
Previous Owner $975,000 Commercial
Previous Owner $343,000 No Value Available
Previous Owner $726,525 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $200,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2021 11/04/21 Sold $1,500,000 0.0% $411 / Sq Ft
10/13/2021 10/13/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $1,500,000 +24.5% $411 / Sq Ft
10/25/2019 10/25/19 Sold $1,205,016 +22.3% $817 / Sq Ft
09/11/2019 09/11/19 Pending -- -- --
09/11/2019 09/11/19 For Sale $985,000 -18.3% $668 / Sq Ft
09/10/2019 09/10/19 Off Market $1,205,016 -- --
09/04/2019 09/04/19 For Sale $985,000 -- $668 / 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
2024 $21,120 $1,743,304 $1,233,498 $509,806
2023 $20,705 $1,709,122 $1,209,312 $499,810
2022 $19,843 $1,500,000 $1,185,600 $314,400
2021 $14,463 $1,205,000 $867,800 $337,200
2020 $14,760 $1,205,000 $867,800 $337,200
2019 $1,478 $107,415 $49,200 $58,215
2018 $1,366 $105,310 $48,236 $57,074
2016 $1,287 $101,222 $46,364 $54,858
2015 $1,270 $99,702 $45,668 $54,034
2014 $1,283 $97,750 $44,774 $52,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-504660

The MLS

APN: 2269-005-007