NOT LISTED FOR SALE

5401 Monterey Rd Los Angeles, CA 90042

Montecito Heights Neighborhood

Estimated Value: $986,000 - $1,052,000

3 Beds
1 Bath
928 Sq Ft
$1,097/Sq Ft Est. Value

Last Sold December 01, 2017

Last sale price $625,000 $673 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $6,228/month

11 Days on Market

Highlights

  • Canyon View
  • No HOA
  • Bungalow
  • Bonus Room
  • Laundry Room
  • Central Heating

About This Home

As of December 2017

Perched above the street at the base of Deb's park, sits this three bedroom retreat-like bungalow with panoramic views. Open floor plan with combined living room/kitchen, updated bathroom with subway tile, and French doors in the master that lead to a back deck. Relax after a long day on the front porch, a perfect vantage point to enjoy the distant mountain views. The yard is mostly flat with lush greenery and mature succulents. The bonus room on the lower level is perfect for a den or office. This special property is located on the stairs, (one flight up) leading to the park- which is practically your backyard!

Last Agent to Sell the Property

Chris Corkum

Compass License #01480053 Listed on: 10/09/2017

Compass

Co-Listed By

Lisa Brende

Compass License #01392940

Last Buyer's Agent

Kyle Draper

LPT Realty, Inc License #01920958

LPT Realty, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,680

Year Built

  • Built in 1933

Lot Details

  • 5,729 Sq Ft Lot
  • Property is zoned LAR1

Property Views

  • Canyon
  • Mountain

Home Design

  • Bungalow

Interior Spaces

  • 928 Sq Ft Home
  • 1-Story Property
  • Bonus Room
  • Laundry Room

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5301-005-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,680

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Bungalow
  • Street Number Display: Yes
  • Living Area: 928
  • Stories: 1
  • Year Built: 1933
  • Number Of Photos: 15
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Mixed
  • Bedrooms: 3
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Garbage Disposal, Range/Oven
  • Price Per S Q F T: 645.47

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: Canyon, Mountains
  • View: Yes

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5301-005-001
  • Geocode Override: No
  • Lot Size Area: 5729

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2017
Closed on
Oct 31, 2017
Sold by
Cline David J
Bought by
Nir Eitan and King Mclain
Seller's Agent
Chris Corkum
Compass
Buyer's Agent
Kyle Draper
LPT Realty, Inc
List Price
$599,000
Sold Price
$625,000
Premium/Discount to List
$26,000
4.34%
Current Estimated Value
$1,018,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$393,209
Avg. Annual Appreciation
6.37%
Original Mortgage
$500,000
Outstanding Balance
$420,956
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$589,540

Purchase Details

Closed on
Mar 23, 2009
Sold by
Wolfe Gary
Bought by
Cline David J and Ault Susanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 22, 1997
Sold by
Aragon Lucio
Bought by
Wolfe Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,900
Interest Rate
8.08%

Purchase Details

Closed on
May 14, 1997
Sold by
Aragon Mercedes
Bought by
Aragon Lucio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,900
Interest Rate
8.08%

Purchase Details

Closed on
Mar 27, 1996
Sold by
Cardenas Maximo
Bought by
Aragon Lucio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,750
Interest Rate
7.97%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 1, 1996
Sold by
Cardenas Maximo
Bought by
Cardenas Maximo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,750
Interest Rate
7.97%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 29, 1996
Sold by
Cardenas Maximo
Bought by
Aragon Lucio and Aragon Mercedes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,750
Interest Rate
7.97%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 26, 1996
Sold by
Cardenas Moises
Bought by
Cardenas Maximo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,750
Interest Rate
7.97%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 13, 1995
Sold by
Brown Arla
Bought by
Cardenas Moises

Purchase Details

Closed on
Jul 10, 1995
Sold by
Miller Izola Harriet
Bought by
Miller Izola H and Izola H Miller Living 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
Nir Eitan $625,000 Equity Title
Cline David J $325,000 Equity Title Los Angeles
Wolfe Gary $122,000 Commonwealth Land Title Co
Aragon Lucio -- Commonwealth Title
Aragon Lucio -- --
Cardenas Maximo -- --
Aragon Lucio -- Continental Lawyers Title Co
Cardenas Maximo -- --
Cardenas Moises $55,000 --
Cardenas Moises -- --
Miller Izola H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nir Eitan $500,000
Previous Owner Cline David J $280,000
Previous Owner Cline David J $260,000
Previous Owner Wolfe Gary $112,900
Previous Owner Wolfe Gary $118,000
Previous Owner Wolfe Gary $115,900
Previous Owner Aragon Lucio $99,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2017 12/01/17 Sold $625,000 +4.3% $673 / Sq Ft
10/09/2017 10/09/17 For Sale $599,000 -- $645 / 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 $8,680 $711,136 $504,168 $206,968
2024 $8,680 $697,193 $494,283 $202,910
2023 $8,514 $683,524 $484,592 $198,932
2022 $8,120 $670,123 $475,091 $195,032
2021 $8,024 $656,984 $465,776 $191,208
2019 $7,786 $637,500 $451,962 $185,538
2018 $7,749 $625,000 $443,100 $181,900
2017 $7,001 $360,606 $210,927 $149,679
2016 $6,898 $353,537 $206,792 $146,745
2015 $4,323 $348,227 $203,686 $144,541
2014 $4,342 $341,407 $199,697 $141,710
Source: Public Records

Agents Affiliated with this Home

  • Chris Corkum

    Seller's Agent in 2017

    Chris Corkum

    Compass

    (323) 665-1121

    1 in this area

    61 Total Sales

    Chris Corkum
    Section Image
  • Lisa Brende

    Seller Co-Listing Agent in 2017

    Lisa Brende

    Compass

    (323) 445-1868

    1 in this area

    60 Total Sales

    Lisa Brende
    Section Image
  • Kyle Draper

    Buyer's Agent in 2017

    Kyle Draper

    LPT Realty, Inc

    (323) 646-6442

    1 in this area

    204 Total Sales

    Kyle Draper
    Section Image
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Map

Source: The MLS

MLS Number: 17-278574

The MLS

APN: 5301-005-001

California Los Angeles County Los Angeles 90042 Montecito Heights

5401 Monterey Rd, Los Angeles, CA

This home is located at 5401 Monterey Rd, Los Angeles, CA 90042 since 09 October 2017 and is currently estimated at $1,018,209, approximately $1,097 per square foot. This property was built in 1933. 5401 Monterey Rd is a home located in Los Angeles County with nearby schools including Bushnell Way Elementary School, Luther Burbank Middle School, and Benjamin Franklin High School.

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