NOT LISTED FOR SALE

5055 Louise Ave Unit 1/2 Encino, CA 91316

Estimated Value: $1,870,000 - $5,068,295

6 Beds
1 Bath
1,400 Sq Ft
$2,626/Sq Ft Est. Value

Highlights

  • 24-Hour Security
  • 0.51 Acre Lot
  • Wood Flooring
  • Gaspar De Portola Middle School Rated A-
  • Contemporary Architecture
  • Controlled Access

About This Home

As of June 2024

Professional stand-alone music studio for lease on an estate property in Prime Encino. Originally built by Paul Jackson Jr. and later occupied by composer Joel Goldsmith. Specially engineered with 18-inch-thick walls highest quality isolation, this 1,100 sf studio was professionally re-engineered by studio designer Rick Ruggieri for perfect sound as the only Carl Tatz Phantom Focus system on the West Coast. The studio is aligned for exceptional frequency response, imaging and translation. ( Current setup is available to purchase froma ward winning and chart-topping current tenant). The studio includes a control room, living room, kitchenette, full bathroom and a second control room (300 sf) with a 5 star hotel style atmosphere, 24/7 exclusive access, 24/7 video surveillance, luxurious finishes, customized LED lights and Gigabit WiFi with Ethernet. It has easy gated parking in a perfect discrete location for High profiled clients.

Last Agent to Rent the Property

Gabriela Milla

Douglas Elliman License #02001679 Listed on: 05/30/2024

Douglas Elliman

Co-Listed By

Katherine Contreras

Douglas Elliman License #02190340

Last Renter's Agent

Gabriela Milla

Douglas Elliman License #02001679 Listed on: 05/30/2024

Douglas Elliman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,075

Year Built

  • Built in 2015

Lot Details

  • 0.51 Acre Lot
  • Gated Home
  • Landscaped
  • Property is zoned LARA

Home Design

  • Contemporary Architecture
  • Additions or Alterations

Interior Spaces

  • 1,400 Sq Ft Home
  • 1-Story Property
  • Kitchenette

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • Studio bedroom
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Automatic Gate
  • Controlled Entrance

Utilities

  • Heating Available
  • Gas Water Heater
  • Sewer in Street

Community Details

  • 24-Hour Security
  • Controlled Access

Listing and Financial Details

  • Security Deposit $5,000
  • Tenant pays for electricity
  • 12 Month Lease Term
  • Assessor Parcel Number 2257-018-024

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,075

Year Built

Built in 2015

Lot Details

0

Rental Info

  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Land Lease Purchase Yn: No
  • Lease Option: 1
  • Security Deposit: 5000
  • Tenant Pays: Electricity

Listing Details

  • Property Type: Residential Lease
  • Style: Contemporary Mediterranean
  • Single Family Or Apt: 3343
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Lease Terms: 1+Year
  • Living Area: 1400
  • Lot Acreage: 0.5078
  • Property Condition: Additions/Alter
  • Stories: 1
  • Year Built: 2015
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood, Laminate
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Kitchenette
  • Total Bathrooms: 1.00
  • Den: 0
  • Price Per S Q F T: 3.07

Exterior Features

  • Other Features: Custom Built
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Controlled Entrance
  • Total Parking: 2

Utilities

  • Water Heater: Gas
  • Cooling: Air Conditioning
  • Heating: Electric
  • Security: 24 Hour, Gated, Automatic Gate
  • Sewer: In Street
  • Water: Public

Condo/Co-op/Association

  • High Rise: Controlled Access

Lot Info

  • Horses: No
  • Assessor Parcel Number: 2257-018-024
  • Lot Description: Fenced, Landscaped
  • Lot Size Area: 22120

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2018
Sold by
Leon Kenneth Joseph and Leon Debra Lane
Bought by
Leon Kenneth Joseph and Leon Debra Lane
Current Estimated Value
$3,676,574

Purchase Details

Closed on
Feb 8, 2016
Sold by
Leon Kenneth Joseph and Leon Debra Lane
Bought by
Kenneth & Debra Leon Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.98%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 31, 2015
Sold by
Leon Kenneth Joseph and Leon Debra Lane
Bought by
Leon Kenneth Joseph and Leon Debra Lane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.98%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 8, 2007
Sold by
Leon Kenneth
Bought by
Leon Kenneth Joseph and Leon Debra Lane

Purchase Details

Closed on
Jul 8, 2005
Sold by
Leon Debra
Bought by
Leon Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,200
Interest Rate
5.46%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 29, 2005
Sold by
Goldsmith Joel
Bought by
Leon Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,200
Interest Rate
5.46%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 22, 1998
Sold by
Jackson Paul M and Jackson Jody A
Bought by
Goldsmith Joel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.82%

Purchase Details

Closed on
Oct 8, 1998
Sold by
Goldsmith Marita
Bought by
Goldsmith Joel
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
Leon Kenneth Joseph -- None Available
Kenneth & Debra Leon Family Trust -- None Available
Leon Kenneth Joseph -- None Available
Leon Kenneth Joseph -- North American Title
Leon Kenneth -- Equity Title Company
Leon Kenneth $1,425,000 Equity Title Company
Goldsmith Joel $525,000 Investors Title Company
Goldsmith Joel -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leon Kenneth Joseph $487,500
Open Leon Kenneth Joseph $1,900,000
Closed Kenneth & Debra Leon Family Trust $325,000
Closed Leon Kenneth $227,000
Closed Leon Kenneth $154,000
Closed Leon Kenneth $973,000
Closed Leon Kenneth $111,200
Closed Leon Kenneth $1,000,000
Previous Owner Goldsmith Joel $338,000
Previous Owner Goldsmith Joel $138,000
Previous Owner Goldsmith Joel $517,000
Previous Owner Goldsmith Joel $520,000
Previous Owner Goldsmith Joel $137,000
Previous Owner Goldsmith Joel $520,000
Previous Owner Goldsmith Joel $520,000
Previous Owner Goldsmith Joel $64,950
Previous Owner Goldsmith Joel $148,450
Previous Owner Goldsmith Joel $472,500
Previous Owner Goldsmith Joel $52,500
Previous Owner Goldsmith Joel $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2024 06/24/24 Rented $4,500 +4.7% --
06/24/2024 06/24/24 Under Contract -- -- --
05/30/2024 05/30/24 For Rent $4,300 -- --
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 $34,075 $2,827,497 $940,805 $1,886,692
2024 $34,075 $2,772,057 $922,358 $1,849,699
2023 $33,415 $2,717,704 $904,273 $1,813,431
2022 $31,862 $2,664,417 $886,543 $1,777,874
2021 $31,458 $2,612,174 $869,160 $1,743,014
2019 $12,969 $1,059,743 $843,381 $216,362
2018 $12,735 $1,038,965 $826,845 $212,120
2016 $12,056 $998,623 $794,739 $203,884
2015 $11,879 $983,624 $782,802 $200,822
2014 $11,926 $964,357 $767,468 $196,889
Source: Public Records

Agents Affiliated with this Home

  • Gabriela Milla

    Landlord's Agent in 2024

    Gabriela Milla

    Douglas Elliman

    (818) 932-7327

    1 in this area

    6 Total Sales

    Gabriela Milla
    Section Image

  • K

    Landlord's Co-Listing Agent in 2024

    Katherine Contreras

    Douglas Elliman

    Section Image
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Map

Source: The MLS

MLS Number: 24-397803

The MLS

APN: 2257-018-024

California Los Angeles County Encino 91316

5055 Louise Ave Unit 1/2, Encino, CA

This home is located at 5055 Louise Ave Unit 1/2, Encino, CA 91316 since 30 May 2024 and is currently priced at $3,676,574. This property was built in 2015. 5055 Louise Ave Unit 1/2 is a home located in Los Angeles County with nearby schools including Gaspar De Portola Middle School, Encino Charter Elementary, and Birmingham Community Charter High.

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