NOT LISTED FOR SALE

5448 Forbes Ave Encino, CA 91436

Estimated Value: $1,272,000 - $1,466,614

3 Beds
2 Baths
2,001 Sq Ft
$704/Sq Ft Est. Value

Last Sold July 11, 2022

Last sale price $1,150,000 $575 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $8,912/month

Highlights

  • In Ground Pool
  • Bonus Room
  • No HOA
  • Property is near a park
  • Pool View
  • Formal Dining Room

About This Home

As of October 2022

3 Bedroom/2 Bath Pool Home in Encino is over 2000 Square Feet and includes a Separate Family Room and a Bonus Room. Located within the Encino Charter Elementary District! New Interior Paint, Newer Laminate Floors, New Recessed Lights. Cozy Living Room with Stone Fireplace. Separate Dining Area is Adjacent to Kitchen. Large Double Kitchen (2 Separate Ovens & Ranges) features Stainless Appliances, Refrigerator and Breakfast/Buffet Bar. Family Room opens to Rear Yard and is perfect for Indoor/Outdoor Entertaining. Spacious Master Bedroom and Bonus Room which makes a Great Home Office. Secondary Bedrooms feature Neutral Decor and Colors. Laundry Area is off the Kitchen and Owner will provide a Washer & Dryer. Entertainer's Yard features a Covered Patio Area for Outdoor Dining, Pool Parties and BBQs and a Secondary Patio for Lounge Chairs. Double Garage w/Auto Opener, Copper Plumbing and Dual Pane Windows. Newly Landscaped Front Yard w/Malibu Lighting. Owner pays for Gardener and Pool Service. Walk to Park for Playground, Community Center, Tennis Courts and Basketball or take the Bike Paths to Lovely Lake Balboa. Easy Access to 101 and 405 Freeways, Shopping and Transportation.

Last Agent to Rent the Property

Tina Cossak

Eddie Bernard Realty License #00951942 Listed on: 09/14/2022

Co-Listed By

Eddie Bernard

Eddie Bernard Realty License #00856512

Last Renter's Agent

Brenda Hailey

eXp Realty of Greater Los Angeles, Inc. License #02123620

eXp Realty of Greater Los Angeles, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,433

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 8,124 Sq Ft Lot
  • Cul-De-Sac
  • Landscaped
  • Front and Back Yard Sprinklers
  • Property is zoned LAR1

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • Parking Available
  • Single Garage Door
  • Driveway

Home Design

  • Composition Roof

Interior Spaces

  • 2,001 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Formal Dining Room
  • Bonus Room
  • Pool Views

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • In Ground Pool
  • Gunite Spa

Outdoor Features

  • Concrete Porch or Patio
  • Exterior Lighting

Location

  • Property is near a park
  • Suburban Location

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $9,990
  • Rent includes gardener, pool
  • 12-Month Minimum Lease Term
  • Available 9/17/22
  • Tax Lot 35
  • Tax Tract Number 16860
  • Assessor Parcel Number 2251009026

Community Details

Overview

  • No Home Owners Association

Recreation

  • Park
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,433

Year Built

Built in 1955 | Remodeled

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2022-09-17
  • Credit Check Paid By: Tenant
  • Deposit Security: 9990
  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Cats OK, Dogs OK, Number Limit
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: LAR1
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Lease
  • Parcel Number: 2251009026
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2001.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Area, Separated
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 2.50
  • Room Type: Bonus Room, Family Room, Kitchen, Living Room, Master Bedroom
  • Spa Features: Gunite
  • Bathroom Features: Bathtub, Shower, Remodeled, Walk-In Shower
  • Room Kitchen Features: Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Exterior Features: Lighting
  • View: Pool
  • Patio And Porch Features: Concrete
  • Pool Features: Private, In Ground
  • Pool Private: Yes
  • Roof: Composition
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 1
  • Parking: Yes
  • Parking Features: Driveway, Garage, Garage - Single Door
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Disposal, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Dryer Included, Inside, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Park, Sidewalks, Suburban

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Cul-De-Sac, Front Yard, Landscaped, Park Nearby, Sprinklers In Front, Sprinklers In Rear
  • Lot Size Sq Ft: 8124.00
  • Lot Size Acres: 0.1865

Multi Family

  • Insurance Water Furniture: Yes
  • Lease Term: 12 Months
  • Lot Size Area: 8124.0000 Square Feet
  • Number Of Units Total: 1
  • Rent Includes: Gardener, Pool

Tax Info

  • Tax Census Tract: 9800.24
  • Tax Lot: 35
  • Tax Tract Number: 16860

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
May 25, 2022
Sold by
Woo Kim Tae and Ja Min
Bought by
Hakimi Sohail Sean
Seller's Agent
Eddie Bernard
Eddie Bernard Realty
Buyer's Agent
Eddie Bernard
Eddie Bernard Realty
List Price
$1,200,000
Sold Price
$1,150,000
Premium/Discount to List
-$50,000
-4.17%
Current Estimated Value
$1,407,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,904
Avg. Annual Appreciation
6.74%
Original Mortgage
$920,000
Outstanding Balance
$875,351
Interest Rate
5.1%
Mortgage Type
Balloon
Estimated Equity
$532,553

Purchase Details

Closed on
Jul 15, 2008
Sold by
Aurora Loan Services Llc
Bought by
Kim Tae Woo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 28, 2007
Sold by
Tigranian Sparkis
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Aug 25, 2005
Sold by
Armen Rooben Enterprises
Bought by
Tigranian Sparkis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 2005
Sold by
Bachayan Khatchig
Bought by
Armen Rooben Enterprises

Purchase Details

Closed on
May 14, 2003
Sold by
Pacific Pwc Inc
Bought by
Bachayan Khatchig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,000
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 7, 2003
Sold by
Davoodi Simon
Bought by
Pacific Pwc Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,800
Interest Rate
9.12%

Purchase Details

Closed on
Dec 20, 2002
Sold by
Kluba Michael E and Kluba Cheri P
Bought by
Davoodi Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,800
Interest Rate
9.12%
Source: Public Records

Range of Values:

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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
Hakimi Sohail Sean $1,150,000 Fidelity National Title
Kim Tae Woo $472,000 Fnt
Aurora Loan Services Llc $648,883 None Available
Tigranian Sparkis $740,000 --
Armen Rooben Enterprises -- --
Bachayan Khatchig $580,000 American Title Co
Pacific Pwc Inc -- --
Davoodi Simon -- American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hakimi Sohail Sean $275,000
Open Hakimi Sohail Sean $920,000
Previous Owner Kim Tae Woo $176,000
Previous Owner Kim Tae Woo $180,000
Previous Owner Tigranian Sparkis $592,000
Previous Owner Bachayan Khatchig $522,000
Previous Owner Davoodi Simon $296,800
Previous Owner Kluba Michael E $225,000
Closed Davoodi Simon $74,200
Closed Hakimi Sohail Sean $113,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2022 10/04/22 Rented $4,995 0.0% --
10/03/2022 10/03/22 Off Market $4,995 -- --
09/26/2022 09/26/22 Price Changed $4,995 -9.1% $2 / Sq Ft
09/14/2022 09/14/22 For Rent $5,495 0.0% --
07/11/2022 07/11/22 Sold $1,150,000 -4.2% $575 / Sq Ft
07/07/2022 07/07/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $1,200,000 -- $600 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,433 $1,196,459 $769,167 $427,292
2024 $14,433 $1,173,000 $754,086 $418,914
2023 $14,154 $1,150,000 $739,300 $410,700
2022 $6,948 $572,753 $284,921 $287,832
2021 $6,856 $561,524 $279,335 $282,189
2019 $6,651 $544,870 $271,050 $273,820
2018 $6,523 $534,187 $265,736 $268,451
2016 $6,303 $513,446 $255,418 $258,028
2015 $6,212 $505,735 $251,582 $254,153
2014 $6,239 $495,829 $246,654 $249,175
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22198513

California Regional Multiple Listing Service (CRMLS)

APN: 2251-009-026