NOT LISTED FOR SALE

512 Meridian Terrace Los Angeles, CA 90042

Estimated Value: $1,161,000 - $1,321,000

2 Beds
2.5 Baths
1,008 Sq Ft
$1,237/Sq Ft Est. Value

Last Sold October 12, 2023

Last sale price $1,170,000 $1,161 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,924/month

14 Days on Market

Highlights

  • View of Hills
  • Great Room
  • Open Patio
  • Wood Flooring
  • No HOA
  • Laundry Room

About This Home

As of October 2023

Have it all in Highland Park with this remodeled Cal Bungalow featuring a flat yard, work studio and easy access to all the local happenings. Built in 1911 the home evokes LA's early days with a covered front porch swathed in bougainvillea and jasmine. Interior design strikes a just-right balance, smartly updated while retaining the period flavor of a decorative brick hearth and beautiful millwork windows, doors and flooring. Meal prep will be a joy in the kitchen equipped with a farmhouse sink, butcher-block countertops, custom tile and a pro-style Viking range. Enjoy two bedrooms, a tastefully appointed bath, powder room, laundry area and the dreamy detached studio + bath where you'll set up your office, creative refuge, gym, gear storage and more. Chill out in the private back yard furnished with a fire pit and dedicated gas line for your BBQ. Equidistant to Figueroa and York you can easily reach hotspots like Goldburger, Barcade, Kitchen Mouse, Civil Coffee, and the list goes on.

Last Agent to Sell the Property

Tracy Do

Coldwell Banker Realty License #01350025 Listed on: 09/07/2023

Coldwell Banker Realty

Co-Listed By

Melinda Rae

Coldwell Banker Realty License #02011155

Last Buyer's Agent

Aisha Leal

ACME Real Estate License #02126711

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,223

Year Built

  • Built in 1911

Lot Details

  • 5,115 Sq Ft Lot
  • Lot Dimensions are 45x115
  • Property is zoned LAR1

Home Design

  • Bungalow

Interior Spaces

  • 1,008 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Decorative Fireplace
  • Great Room
  • Views of Hills

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Studio bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Auto Driveway Gate

Outdoor Features

  • Open Patio
  • Outdoor Grill

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5486-012-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,223

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: California Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1008
  • Lot Acreage: 0.1174
  • Lot Dimensions: 45x115
  • Stories: 1
  • Year Built: 1911
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Decorative
  • Flooring: Tile, Hardwood
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Ceiling Fan, Washer, Dryer, Range/Oven, Refrigerator, Dishwasher, Garbage Disposal, Barbeque
  • Price Per S Q F T: 1040.67

Exterior Features

  • Other Structures: Other
  • Pool: No
  • Spa Yn: No
  • View: Hills
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway Gate
  • Total Parking: 2

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5486-012-017
  • Lot Size Area: 5115

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2023
Closed on
Sep 29, 2023
Sold by
Ian And Kelan Mclees Family Trust
Bought by
Caratola Sheng Hsinchen and Caratola Salvatore Frank
Seller's Agent
Tracy Do
Coldwell Banker Realty
Buyer's Agent
Aisha Leal
ACME Real Estate
List Price
$1,049,000
Sold Price
$1,170,000
Premium/Discount to List
$121,000
11.53%
Views
83
Current Estimated Value
$1,246,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,502
Avg. Annual Appreciation
2.13%
Original Mortgage
$1,029,600
Outstanding Balance
$1,010,511
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$207,787

Purchase Details

Closed on
Mar 8, 2021
Sold by
Mclees Ian and Mclees Kelan
Bought by
Mclees Ian and Mclees Kelan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2020
Sold by
Mclees Kelan Ackerman and Mclees Ian
Bought by
Mclees Ian and Mclees Kelan

Purchase Details

Listed on
Dec 2, 2019
Closed on
Dec 19, 2019
Sold by
Giuliano Paul and Giuliano Jaclyn
Bought by
Mclees Kelan Ackerman and Mclees Ian
Seller's Agent
Sarah Rogers
The Agency
Buyer's Agent
DARRELL DONE
Coldwell Banker Realty
List Price
$799,000
Sold Price
$840,000
Premium/Discount to List
$41,000
5.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%
Original Mortgage
$315,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 2, 2014
Closed on
Nov 18, 2014
Sold by
Meiri Shauna
Bought by
Giuliano Paul and Giuliano Jaclyn
Seller's Agent
Caren Saiet
Craig Estates and Fine Properties
Buyer's Agent
Sarah Rogers
COMPASS
List Price
$509,000
Sold Price
$532,500
Premium/Discount to List
$23,500
4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.41%
Original Mortgage
$426,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 12, 2011
Sold by
Solomon Jeffrey P and Johnson Erin Teresa
Bought by
Meiri Shauna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,550
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2009
Sold by
Johnson Erin Teresa
Bought by
Solomon Jeffrey P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2002
Sold by
Deutsch Maria
Bought by
Johnson Erin Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.12%
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
Caratola Sheng Hsinchen $1,170,000 Provident Title Company
Mclees Ian -- Accommodation
Mclees Ian -- Accommodation
Mclees Ian -- None Available
Mclees Kelan Ackerman $840,000 Old Republic Title Company
Giuliano Paul $532,500 Chicago Title Company
Meiri Shauna $389,000 Equity Title
Solomon Jeffrey P -- Orange Coast Title
Johnson Erin Teresa $180,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caratola Sheng Hsinchen $1,029,600
Previous Owner Mclees Ian $310,000
Previous Owner Mclees Kelan Ackerman $315,000
Previous Owner Giuliano Paul $426,000
Previous Owner Meiri Shauna $369,550
Previous Owner Solomon Jeffrey P $167,000
Previous Owner Johnson Erin Teresa $181,500
Previous Owner Johnson Erin Teresa $144,000
Previous Owner Deutsch Maria $83,000
Closed Johnson Erin Teresa $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2023 10/12/23 Sold $1,170,000 +11.5% $1,161 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
09/07/2023 09/07/23 For Sale $1,049,000 +24.9% $1,041 / Sq Ft
01/09/2020 01/09/20 Sold $840,000 +5.1% $824 / Sq Ft
12/30/2019 12/30/19 Pending -- -- --
12/02/2019 12/02/19 For Sale $799,000 +50.0% $784 / Sq Ft
12/17/2014 12/17/14 Sold $532,500 +4.6% $528 / Sq Ft
12/05/2014 12/05/14 Pending -- -- --
11/02/2014 11/02/14 For Sale $509,000 -- $505 / 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 $14,223 $1,193,400 $1,029,588 $163,812
2024 $14,223 $1,170,000 $1,009,400 $160,600
2023 $10,777 $882,986 $706,390 $176,596
2022 $10,271 $865,674 $692,540 $173,134
2021 $10,147 $848,701 $678,961 $169,740
2020 $7,193 $585,179 $468,145 $117,034
2019 $6,908 $573,706 $458,966 $114,740
2018 $6,861 $562,458 $449,967 $112,491
2016 $6,559 $540,620 $432,496 $108,124
2015 $6,463 $532,500 $426,000 $106,500
2014 $4,995 $406,551 $279,570 $126,981
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: The MLS

MLS Number: 23-305677

The MLS

APN: 5486-012-017