NOT LISTED FOR SALE

530 Montecito Dr Los Angeles, CA 90031

Montecito Heights Neighborhood

Estimated Value: $905,000 - $984,000

2 Beds
1 Bath
1,024 Sq Ft
$926/Sq Ft Est. Value

Last Sold October 02, 2023

Last sale price $825,000 $806 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,834/month

27 Days on Market

Highlights

  • 24-Hour Security
  • City Lights View
  • Spanish Architecture
  • Lincoln High School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of October 2023

Charming fixer. This two-bedroom Spanish-style home in the hills of Montecito Heights in North East Los Angeles offers an inspiring vista of the Downtown skyline and a prime location minutes away from creative studios, restaurants, outdoor trails, and the City nightlife. This home presents a great opportunity for a tasteful makeover with its preexisting deck, hardwood floors, and generous lot size. Create your dream home with breathtaking views and conveniently enjoy all the city has to offer. Make this your home now and start envisioning the possibilities. A great place to call home!

Last Agent to Sell the Property

Louis Magnano

Modern California House License #02116804 Listed on: 07/01/2023

Co-Listed By

Jeffrey Young

Sotheby's International Realty License #00977617

Last Buyer's Agent

Rusty Spragg

LaVenta Realty License #01889784

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1928

Lot Details

  • 7,117 Sq Ft Lot
  • Property is zoned LAR1

Property Views

  • City Lights
  • Woods
  • Trees
  • Mountain
  • Hills

Home Design

  • Spanish Architecture
  • Spanish Tile Roof

Interior Spaces

  • 1,024 Sq Ft Home
  • 1-Story Property
  • Family Room on Second Floor
  • Wood Flooring
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Driveway

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Septic Tank

Community Details

  • No Home Owners Association
  • 24-Hour Security

Listing and Financial Details

  • Assessor Parcel Number 5303-007-017

Home Details

Home Type

Single Family

Year Built

Built in 1928

Lot Details

7,117 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Levels: One
  • Street Number Display: Yes
  • Entry Location: Ground Level - no steps
  • Living Area: 1024
  • Lot Acreage: 0.1634
  • Probate: Yes
  • Stories: 1
  • Year Built: 1928
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Wood
  • Appliances: Microwave
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Bedroom Features: All Bedrooms Down
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Total Bathrooms: 1.00
  • Price Per S Q F T: 839.84

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Pool: No
  • Roof: Spanish Tile
  • Spa Yn: No
  • View: Tree Top, Trees/Woods, City Lights, City, Mountains, Hills
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 1

Utilities

  • Heating: Forced Air
  • Security: 24 Hour
  • Sewer: Unknown, Septic Tank

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5303-007-017
  • Lot Size Area: 7117

Rental Info

  • Court Approve: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2023
Closed on
Aug 11, 2023
Sold by
Passalacqua Renee
Bought by
Ahrend Philipp Nicolas and Aquino Michael Zabala
Seller's Agent
Louis Magnano
Modern California House
Buyer's Agent
Rusty Spragg
LaVenta Realty
List Price
$860,000
Sold Price
$825,000
Premium/Discount to List
-$35,000
-4.07%
Views
133
Current Estimated Value
$948,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,470
Avg. Annual Appreciation
5.83%
Original Mortgage
$798,631
Interest Rate
7.09%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 16, 1999
Sold by
Fish Robert C and Sims Hywel W
Bought by
Passalacqua Sam

Purchase Details

Closed on
Jun 24, 1998
Sold by
Fish Robert C
Bought by
Fish Robert C and Sims Hywel W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
7.17%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Ahrend Philipp Nicolas $825,000 Lawyers Title
Passalacqua Sam $170,000 Lawyers Title Insurance Co
Fish Robert C -- North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ahrend Philipp Nicolas $798,631
Previous Owner Fish Robert C $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2023 10/02/23 Sold $825,000 -4.1% $806 / Sq Ft
07/28/2023 07/28/23 Pending -- -- --
07/01/2023 07/01/23 For Sale $860,000 -- $840 / Sq Ft
Source: The MLS

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 $10,145 $841,500 $673,200 $168,300
2024 $10,145 $825,000 $660,000 $165,000
2023 $3,320 $256,136 $174,781 $81,355
2022 $3,169 $251,114 $171,354 $79,760
2021 $3,128 $246,192 $167,995 $78,197
2019 $3,037 $238,892 $163,013 $75,879
2018 $3,007 $234,209 $159,817 $74,392
2016 $2,870 $225,116 $153,612 $71,504
2015 $2,830 $221,735 $151,305 $70,430
2014 $2,847 $217,393 $148,342 $69,051
Source: Public Records

Agents Affiliated with this Home

  • Louis Magnano

    Seller's Agent in 2023

    Louis Magnano

    Modern California House

    (716) 998-6695

    2 in this area

    18 Total Sales

    Louis Magnano
    Section Image
  • Jeffrey Young

    Seller Co-Listing Agent in 2023

    Jeffrey Young

    Sotheby's International Realty

    (213) 819-9630

    2 in this area

    32 Total Sales

    Jeffrey Young
    Section Image
  • Rusty Spragg

    Buyer's Agent in 2023

    Rusty Spragg

    LaVenta Realty

    (805) 628-2281

    2 in this area

    32 Total Sales

    Rusty Spragg
    Section Image
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Map

Source: The MLS

MLS Number: 23-286281

The MLS

APN: 5303-007-017

California Los Angeles County Los Angeles 90031 Montecito Heights

530 Montecito Dr, Los Angeles, CA

Not Listed for Sale

Detached

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