515 N Citrus Ave Los Angeles, CA 90036
Hancock Park Neighborhood
3
Beds
3
Baths
2,320
Sq Ft
6,002
Sq Ft Lot
Highlights
- Art Studio
- Fireplace in Primary Bedroom
- Spanish Architecture
- Primary Bedroom Suite
- Wood Flooring
- Bonus Room
About This Home
As of December 2024Lovingly owned by the same family for the past 40 years, this light-filled Hancock Park home has been maintained and updated to honor both the charm and architecture of a classic 1920s Hollywood Spanish, while also offering many modern features and a smart layout that’s in demand today. Walking up to the home you are greeted by an enclosed front patio, immediately providing seclusion from the tree-lined street below. Enter into the barrel-ceiling living room and you’ll find original arched windows and a stunning Batchelder-style tile fireplace. A large dining room with built-in bookshelves overlooks the front courtyard and leads to an eat-in kitchen with stainless steel appliances, stone and butcher block counters, a water filtration system and vintage-style linoleum floors. A thoughtful later addition added a generously sized primary bedroom and en-suite bathroom with dual sinks, separate soaking tub and shower, large cedar-lined walk-in closet, gas fireplace, and french doors that open directly to the garden. Two additional ample size bedrooms and a three quarter bathroom complete the main house, which measures at 1593 sqft. Updates include dual paned windows, partially updated plumbing, central heat/AC, bolted foundation, newer hot water heater and refrigerator, and recently redone sewer line. Gleaming real hardwood floors were just refinished beautifully throughout. Moving to the backyard, an impressive modern-styled two story garage was built from the ground up, designed to be an incredible artists’ studio on the lower level (373 sqft), and a full office/rec room with bathroom and balcony above (354 sqft). The possibilities are endless for this space - turn it into a full guest house/rental or continue to utilize it as an ideal work from home office. Both levels provide tons of storage with industrial-style built-in shelving and desks. The low maintenance, drought-tolerant gardens have a number of mature fruit and large shade canopy trees including avocado, lemon, persimmon, olive, fig and pomegranate. The fully fenced backyard has plenty of DG patio space for entertaining and deck access off two of the three bedrooms. Located in the newly-designated ‘Citrus Square Historic District,’ this neighborhood is highly desirable, centrally-located, and easily walkable to many restaurants and shops. There are so many exciting possibilities to move right in and call it home, or make smart updates that will add incredible value over time.
Last Agent to Sell the Property
Landon Realty Group Brokerage Phone: 310-871-7297 License #01955896 Listed on: 11/14/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,997
Year Built
- Built in 1925
Lot Details
- 6,002 Sq Ft Lot
- Back and Front Yard
- Property is zoned LAR1
Parking
- 2 Car Garage
- Parking Available
- Driveway
- Unpaved Parking
Home Design
- Spanish Architecture
- Partial Copper Plumbing
- Stucco
Interior Spaces
- 2,320 Sq Ft Home
- 1-Story Property
- High Ceiling
- Ceiling Fan
- Skylights
- French Doors
- Living Room with Fireplace
- Dining Room
- Bonus Room
- Art Studio
- Storage
- Wood Flooring
- Neighborhood Views
Kitchen
- Eat-In Galley Kitchen
- Double Oven
- Gas Cooktop
- Dishwasher
- Stone Countertops
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Dual Vanity Sinks in Primary Bathroom
- Bathtub
- Walk-in Shower
- Exhaust Fan In Bathroom
Laundry
- Laundry Room
- Stacked Washer and Dryer
Outdoor Features
- Balcony
- Concrete Porch or Patio
- Exterior Lighting
- Outbuilding
Location
- Urban Location
Utilities
- Central Heating and Cooling System
- 220 Volts
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 55
- Tax Tract Number 6143
- Assessor Parcel Number 5524027009
- $319 per year additional tax assessments
- Seller Considering Concessions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 14, 2024
Closed on
Dec 11, 2024
Sold by
Marcus Richard Max and Marcus Sharon Peckinpah
Bought by
Moon Timothy and Park Hee Ryeon
Seller's Agent
Casi Kneebone
Landon Realty Group
Buyer's Agent
Jon Schwartz
Pinnacle Realty Advisors
List Price
$1,895,000
Sold Price
$2,070,000
Premium/Discount to List
$175,000
9.23%
Total Days on Market
5
Views
24
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,089
Avg. Annual Appreciation
-1.03%
Original Mortgage
$1,656,000
Outstanding Balance
$1,650,215
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$409,696
Similar Homes in Los Angeles, CA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,070,000 | Lawyers Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,656,000 | New Conventional | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $107,000 | Unknown | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $112,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/17/2024 12/17/24 | Sold | $2,070,000 | +9.2% | $892 / Sq Ft |
| 11/19/2024 11/19/24 | Pending | -- | -- | -- |
| 11/14/2024 11/14/24 | For Sale | $1,895,000 | -- | $817 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $4,997 | $390,219 | $175,228 | $214,991 |
| 2023 | $4,908 | $382,569 | $171,793 | $210,776 |
| 2022 | $4,690 | $375,069 | $168,425 | $206,644 |
| 2021 | $4,625 | $367,716 | $165,123 | $202,593 |
| 2019 | $4,492 | $356,811 | $160,226 | $196,585 |
| 2018 | $4,431 | $349,816 | $157,085 | $192,731 |
| 2016 | $4,232 | $336,234 | $150,986 | $185,248 |
| 2015 | $4,172 | $331,185 | $148,719 | $182,466 |
| 2014 | $4,195 | $324,698 | $145,806 | $178,892 |
Source: Public Records
Agents Affiliated with this Home
-
Casi Kneebone
Seller's Agent in 2024
Casi Kneebone
Landon Realty Group
(805) 351-8313
1 in this area
32 Total Sales
-
Jon Schwartz
Buyer's Agent in 2024
Jon Schwartz
Pinnacle Realty Advisors
(323) 393-5273
1 in this area
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR24232596
APN: 5524-027-009
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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