$3,391,000 - $4,765,993
RENTED JUN 24, 2024

5055 Louise Ave Unit 1/2 Encino, CA 91316

6 Beds
1 Bath
1,400 Sq Ft
$2,883 Price per Sq Ft

About This Home

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.

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
$4,036,498

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

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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 -- --

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 $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

    Seller's Agent in 2024

    Gabriela Milla

    Douglas Elliman

    (818) 932-7327

    1 in this area

    6 Total Sales

    Gabriela Milla
    Section Image

  • K

    Seller Co-Listing Agent in 2024

    Katherine Contreras

    Douglas Elliman

    (323) 246-0982

    Section Image
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Map

California Los Angeles County Encino 91316

5055 Louise Ave Unit 1/2, Encino, CA

Homes for Sale in Encino, CA

This home is located at 5055 Louise Ave Unit 1/2, Encino, CA 91316 and is currently estimated at $4,036,498, approximately $2,883 per square foot. 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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