542 N Las Palmas Ave Los Angeles, CA 90004
Hancock Park Neighborhood
4
Beds
2.5
Baths
3,032
Sq Ft
6,984
Sq Ft Lot
Highlights
- Fireplace in Primary Bedroom
- Traditional Architecture
- No HOA
- Third Street Elementary School Rated A
- Wood Flooring
- Covered patio or porch
About This Home
As of November 2019Modern sophistication incorporated into 1920s 4 BR/2.5 BA Hancock Park home complete with guest house. Dramatic two story entry foyer. Step down living room with beamed ceilings and fireplace. Large open floor plan with gourmet kitchen, breakfast bar and high-end appliances, dining area, and family room all flowing to large covered patio, outdoor dining area. Powder room rounds out main floor. Upstairs, romantic master suite with fireplace, walk-in closet and bathroom with dual vanity, soaking tub and separate shower. Two spacious bedrooms share large jack & jill bathroom. Unique 4th bedroom/office located on a separate landing just below the 2nd floor. Considerable upgrades throughout. Extensively renovated guest house/converted garage has vaulted ceilings, bathroom, heating/air. 3rd Street Elementary School.
Last Agent to Sell the Property
Keller Williams Larchmont License #01279107 Listed on: 09/26/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $40,264
Year Built
- Built in 1926
Lot Details
- 6,984 Sq Ft Lot
- Property is zoned LAR1
Parking
- Driveway
Home Design
- Traditional Architecture
Interior Spaces
- 3,032 Sq Ft Home
- 2-Story Property
- Built-In Features
- Family Room
- Living Room with Fireplace
- Dining Area
- Wood Flooring
- Security System Owned
Kitchen
- Oven or Range
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- Fireplace in Primary Bedroom
Laundry
- Laundry Room
- Dryer
- Washer
Additional Features
- Covered patio or porch
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 5524-023-002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 26, 2019
Closed on
Oct 30, 2019
Sold by
Eaton David D and Farina Paul J
Bought by
Eaton David and Farina Paul J
Seller's Agent
Peter Buonocore
Keller Williams Larchmont
Buyer's Agent
Joseph Reichling
Compass
List Price
$2,995,000
Sold Price
$3,092,500
Premium/Discount to List
$97,500
3.26%
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
$812,588
Avg. Annual Appreciation
4.20%
Original Mortgage
$800,000
Interest Rate
3.7%
Purchase Details
Listed on
Sep 26, 2019
Closed on
Oct 11, 2019
Sold by
Bender Michael and Pak Suchin
Bought by
Eaton David D and Farina Paul J
Seller's Agent
Peter Buonocore
Keller Williams Larchmont
Buyer's Agent
Joseph Reichling
Compass
List Price
$2,995,000
Sold Price
$3,092,500
Premium/Discount to List
$97,500
3.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.7%
Purchase Details
Closed on
Apr 17, 2015
Sold by
Bender Michael G
Bought by
Bender Pak Family Trust
Purchase Details
Listed on
Sep 12, 2013
Closed on
Oct 7, 2013
Sold by
Mckenna William B
Bought by
Bender Michael B and Pak Suchin
Seller's Agent
Jenna Cooper
Compass
Buyer's Agent
Peter Buonocore
Keller Williams Larchmont
List Price
$2,279,000
Sold Price
$2,112,520
Premium/Discount to List
-$166,480
-7.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.42%
Original Mortgage
$1,250,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Aug 18, 2003
Sold by
Mckenna William B
Bought by
Mckenna William B and Mckenna Aline B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 25, 2000
Sold by
Mckenna William
Bought by
Mckenna William B and Mckenna Aline B
Purchase Details
Closed on
Jul 16, 1998
Sold by
Vines Claire
Bought by
Mckenna William and Mckenna Aline Brosh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$631,200
Interest Rate
7.01%
Purchase Details
Closed on
Jan 15, 1996
Sold by
Gelman Marc S
Bought by
Vines Claire
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
7.25%
Purchase Details
Closed on
Jan 11, 1996
Sold by
Levi Dan
Bought by
Vines Claire
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
7.25%
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 |
|---|---|---|---|
| Warranty Deed | -- | First American Title Company | |
| Warranty Deed | $3,092,500 | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $2,113,000 | Equity Title | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $789,000 | Equity Title Company | |
| Grant Deed | $510,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $786,000 | New Conventional | |
| Closed | $800,000 | No Value Available | |
| Previous Owner | $1,250,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $565,000 | Unknown | |
| Previous Owner | $300,000 | Credit Line Revolving | |
| Previous Owner | $607,000 | Purchase Money Mortgage | |
| Previous Owner | $605,000 | Unknown | |
| Previous Owner | $631,200 | No Value Available | |
| Previous Owner | $382,500 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/05/2019 11/05/19 | Sold | $3,092,500 | +3.3% | $1,020 / Sq Ft |
| 10/07/2019 10/07/19 | Pending | -- | -- | -- |
| 09/26/2019 09/26/19 | For Sale | $2,995,000 | +41.8% | $988 / Sq Ft |
| 11/19/2013 11/19/13 | Sold | $2,112,520 | -7.3% | $697 / Sq Ft |
| 09/12/2013 09/12/13 | For Sale | $2,279,000 | +7.9% | $752 / Sq Ft |
| 09/11/2013 09/11/13 | Off Market | $2,112,520 | -- | -- |
| 09/11/2013 09/11/13 | For Sale | $2,279,000 | -- | $752 / Sq Ft |
Source: The MLS
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 | $40,264 | $3,315,783 | $2,466,064 | $849,719 |
| 2023 | $39,478 | $3,250,768 | $2,417,710 | $833,058 |
| 2022 | $37,631 | $3,187,028 | $2,370,304 | $816,724 |
| 2021 | $37,180 | $3,124,538 | $2,323,828 | $800,710 |
| 2019 | $27,634 | $2,321,458 | $1,377,380 | $944,078 |
| 2018 | $27,546 | $2,275,940 | $1,350,373 | $925,567 |
| 2016 | $26,352 | $2,187,565 | $1,297,938 | $889,627 |
| 2015 | $25,964 | $2,154,706 | $1,278,442 | $876,264 |
| 2014 | $26,121 | $2,112,500 | $1,253,400 | $859,100 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Buonocore
Seller's Agent in 2019
Peter Buonocore
Keller Williams Larchmont
(323) 762-2561
16 in this area
84 Total Sales
-
Joseph Reichling
Buyer's Agent in 2019
Joseph Reichling
Compass
(323) 395-9084
5 in this area
242 Total Sales
-
Boni Bryant
Buyer Co-Listing Agent in 2019
Boni Bryant
Compass
(323) 854-1780
6 in this area
83 Total Sales
-
Jenna Cooper
Seller's Agent in 2013
Jenna Cooper
Compass
(213) 784-7798
21 in this area
123 Total Sales
Map
Source: The MLS
MLS Number: 19-514934
APN: 5524-023-002
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