NOT LISTED FOR SALE

514 N Las Palmas Ave Los Angeles, CA 90004

Hancock Park Neighborhood

Estimated Value: $3,294,237 - $3,973,000

3 Beds
3.5 Baths
2,626 Sq Ft
$1,409/Sq Ft Est. Value

Last Sold April 29, 2016

Last sale price $2,367,000 $901 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $22,252/month

48 Days on Market

Highlights

  • Heated In Ground Pool
  • Wood Flooring
  • Den
  • Third Street Elementary School Rated A
  • Modern Architecture
  • Covered Patio or Porch

About This Home

As of April 2016

Originally built in 1924, this very rare updated modern 3 + 3.5 on tree lined street in Hancock Park is chic, sophisticated, and flooded with light. The home offers an open floor plan w/ a loft-like living room, library/office, dining area, and an eat-in kitchen w/sub-zero appliances + granite counters. A large den/family room with French doors that lead to a private and perfectly manicured backyard complete with sparkling pool, spa, and built-in BBQ. Upstairs there is a spacious master suite w/ giant walk in closet plus an additional bed + bathroom. Don't miss this gem right in the middle of the city. Third Street School district.

Last Agent to Sell the Property

Jenna Cooper

Compass License #01352710 Listed on: 01/29/2016

Compass

Last Buyer's Agent

Bruce Walker

Rodeo Realty License #00981766

Rodeo Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,462

Year Built

  • Built in 1924

Lot Details

  • 7,620 Sq Ft Lot
  • Property is zoned LAR1

Parking

  • Attached Carport

Home Design

  • Modern Architecture

Interior Spaces

  • 2,626 Sq Ft Home
  • 2-Story Property
  • Separate Family Room
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Wood Flooring
  • Alarm System
  • Property Views

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Powder Room

Laundry

  • Laundry Room
  • Dryer

Pool

  • Heated In Ground Pool
  • Heated Spa

Outdoor Features

  • Covered Patio or Porch
  • Built-In Barbecue

Utilities

  • Air Conditioning
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 5524-023-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,462

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Modern
  • Street Number Display: Yes
  • Living Area: 2626
  • Stories: 2
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Appliances: Built-In BBQ
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Counter / Bar, Dining Area
  • Laundry: Laundry Area
  • Total Bathrooms: 4.00
  • Equipment: Alarm System, Dishwasher, Dryer, Freezer, Garbage Disposal, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 913.56

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Heated
  • Pool: Yes
  • Spa: Heated
  • Spa Yn: Yes
  • View: Walk Street
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Carport Attached

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 5524-023-007
  • Geocode Override: No
  • Lot Size Area: 7620

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2016
Closed on
Apr 22, 2016
Sold by
Derry Megan P
Bought by
Hagist Peter W
Seller's Agent
Jenna Cooper
Compass
Buyer's Agent
Bruce Walker
Rodeo Realty
List Price
$2,499,000
Sold Price
$2,367,000
Premium/Discount to List
-$132,000
-5.28%
Current Estimated Value
$3,700,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,333,059
Avg. Annual Appreciation
4.79%
Original Mortgage
$1,656,900
Outstanding Balance
$1,286,949
Interest Rate
3.1%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,413,110

Purchase Details

Closed on
May 27, 2008
Sold by
Lipofsky Steffen
Bought by
Derry Megan P

Purchase Details

Closed on
Dec 23, 2004
Sold by
Lipofsky Steffen
Bought by
Lipofsky Steffen and Lipofsky Jenna Cooper

Purchase Details

Closed on
Jul 1, 2003
Sold by
Celaya Enrique Martinez
Bought by
Lipofsky Steffen and Cooper Jenna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 12, 2001
Sold by
Dosti Rose
Bought by
Celaya Enrique Martinez and Celaya Alexandra Martinez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$616,000
Interest Rate
6.87%

Purchase Details

Closed on
Mar 16, 1999
Sold by
Dosti Rose
Bought by
Rose Dosti Revocable Family Trust

Purchase Details

Closed on
Oct 7, 1998
Sold by
Dosti Rose Tr Dosti Family Trust
Bought by
Dosti Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.25%

Purchase Details

Closed on
Aug 9, 1994
Sold by
Dosti Rose
Bought by
Dosti Rose and The Dosti Revocable Family Trust
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
Hagist Peter W $2,367,000 Provident Title Company
Derry Megan P -- Fidelity Van Nuys
Lipofsky Steffen -- --
Lipofsky Steffen $1,462,500 Equity Title Company
Celaya Enrique Martinez $770,000 Provident Title
Rose Dosti Revocable Family Trust -- --
Dosti Rose -- Provident Title
Dosti Rose -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hagist Peter W $1,656,900
Previous Owner Lipofsky Steffen $550,000
Previous Owner Celaya Enrique Martinez $616,000
Previous Owner Dosti Rose $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2016 04/29/16 Sold $2,367,000 -1.3% $901 / Sq Ft
03/17/2016 03/17/16 Pending -- -- --
03/14/2016 03/14/16 Price Changed $2,399,000 -4.0% $914 / Sq Ft
01/29/2016 01/29/16 For Sale $2,499,000 -- $952 / 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 $33,462 $2,802,040 $2,241,635 $560,405
2024 $33,462 $2,747,099 $2,197,682 $549,417
2023 $32,811 $2,693,236 $2,154,591 $538,645
2022 $31,281 $2,640,429 $2,112,345 $528,084
2021 $30,906 $2,588,657 $2,070,927 $517,730
2020 $31,229 $2,562,115 $2,049,693 $512,422
2019 $29,977 $2,511,878 $2,009,503 $502,375
2018 $29,858 $2,462,626 $1,970,101 $492,525
2016 $27,229 $2,254,000 $1,397,000 $857,000
2015 $25,265 $2,089,000 $1,295,000 $794,000
2014 $21,254 $1,713,000 $1,062,000 $651,000
Source: Public Records

Agents Affiliated with this Home

  • Jenna Cooper

    Seller's Agent in 2016

    Jenna Cooper

    Compass

    (213) 784-7798

    21 in this area

    123 Total Sales

    Jenna Cooper
    Section Image
  • Bruce Walker

    Buyer's Agent in 2016

    Bruce Walker

    Rodeo Realty

    (310) 623-8722

    1 in this area

    22 Total Sales

    Bruce Walker
    Section Image
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Map

Source: The MLS

MLS Number: 16-975451

The MLS

APN: 5524-023-007

California Los Angeles County Los Angeles 90004 Hancock Park

514 N Las Palmas Ave, Los Angeles, CA

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