NOT LISTED FOR SALE

553 Meridian Terrace Los Angeles, CA 90042

Estimated Value: $1,152,000 - $1,412,000

2 Beds
2 Baths
956 Sq Ft
$1,295/Sq Ft Est. Value

Last Sold August 10, 2021

Last sale price $1,030,000 $1,077 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $7,570/month

9 Days on Market

Highlights

  • City Lights View
  • No HOA
  • Converted Garage
  • Deck
  • Cottage
  • Front Porch

About This Home

As of August 2021

Highland Park delight!! This charming 2 bedroom / 2 bathroom cottage home is nestled in the hills above popular York Blvd. The house is situated minutes from Highland Park’s popular restaurants, coffee shops, bars and stores. Built in the 1920s, the home was updated completely in 2013 with a brand new kitchen, stainless steel appliances, central AC and heating, tankless water heater, new plumbing, updated bathrooms, bamboo flooring and new lighting. New roof just put on in 2020. Windows on every wall let’s in tons of nature light. The front and backyards have been professionally designed with drought resistant plants, succulents, and a drip system. Three large garden boxes provide ample vegetables and herbs, alongside a Meyer lemon tree. Quietly read your newspaper and sip on your coffee under the overed front porch in the morning. Have family over for BBQ's on the beautiful back-yard deck. The garage has been insulated, dry walled, installed with electricity, and has a door and window. The perfect opportunity for an ADU-conversion. The property was tented for termite in 2020. All ready for the next home owner. Come check out this amazing home today!

Last Agent to Sell the Property

Lina Zhang

RE/MAX PREMIER/SANMARINO License #01188114 Listed on: 06/27/2021

RE/MAX PREMIER/SANMARINO

Last Buyer's Agent

Clarence Yeung

eXp Realty of California Inc License #01897557

eXp Realty of California Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,105

Year Built

  • Built in 1922

Lot Details

  • 4,600 Sq Ft Lot
  • Garden
  • Back and Front Yard

Parking

  • 1 Car Garage
  • Converted Garage
  • Parking Available
  • Driveway

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Cottage

Interior Spaces

  • 956 Sq Ft Home
  • Combination Dining and Living Room
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Stacked Washer and Dryer

Outdoor Features

  • Deck
  • Patio
  • Front Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5486011031

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,105

Year Built

Built in 1922

Lot Details

0

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Inclusions: Refrigerator, Washer
  • Property Attached: No
  • View: Yes
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5486011031
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 956.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area, In Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 1077.41
  • Room Type: Living Room, Master Bathroom

Exterior Features

  • Patio: Yes
  • View: City Lights, Neighborhood
  • Patio And Porch Features: Deck, Patio, Front Porch
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Converted Garage, Driveway, Concrete
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Closet, Outside, Stackable, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Garden
  • Lot Size Sq Ft: 4600.00
  • Lot Size Acres: 0.1056

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4600.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 000
  • Tax Tract Number: 000

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2013
Closed on
Nov 18, 2013
Sold by
Pacifica First National Inc
Bought by
Wang Michael P
Seller's Agent
Brian Fitzburgh
Brokers Trust Real Estate Group
Buyer's Agent
Brian Fitzburgh
Brokers Trust Real Estate Group
List Price
$519,000
Sold Price
$520,000
Premium/Discount to List
$1,000
0.19%
Current Estimated Value
$1,237,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$717,606
Avg. Annual Appreciation
7.55%

Purchase Details

Listed on
May 28, 2013
Closed on
Jun 6, 2013
Sold by
Modern Comfort Llc
Bought by
Pacifica First National Inc
Seller's Agent
Brian Fitzburgh
Brokers Trust Real Estate Group
Buyer's Agent
Brian Fitzburgh
Brokers Trust Real Estate Group
List Price
$389,000
Sold Price
$355,000
Premium/Discount to List
-$34,000
-8.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
129.29%
Original Mortgage
$291,000
Interest Rate
3.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 28, 2013
Closed on
Jun 3, 2013
Sold by
Calzada Hector
Bought by
Modern Comfort Llc
Seller's Agent
Brian Fitzburgh
Brokers Trust Real Estate Group
Buyer's Agent
Brian Fitzburgh
Brokers Trust Real Estate Group
List Price
$389,000
Sold Price
$355,000
Premium/Discount to List
-$34,000
-8.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,000
Interest Rate
3.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2012
Sold by
Calzada Maricela
Bought by
Calzada Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.85%
Mortgage Type
New Conventional
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
Wang Michael P $520,000 Provident Title Company
Pacifica First National Inc -- None Available
Modern Comfort Llc $355,000 Lawyers Title
Calzada Hector -- Fidelity Van Nuys
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pacifica First National Inc $291,000
Previous Owner Calzada Hector $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/10/2021 08/10/21 Sold $1,030,000 +28.9% $1,077 / Sq Ft
07/07/2021 07/07/21 Pending -- -- --
06/27/2021 06/27/21 For Sale $799,000 +53.7% $836 / Sq Ft
11/27/2013 11/27/13 Sold $520,000 +0.2% $544 / Sq Ft View Prior Sale
11/13/2013 11/13/13 Pending -- -- --
11/09/2013 11/09/13 For Sale $519,000 +46.2% $543 / Sq Ft
06/13/2013 06/13/13 Sold $355,000 -8.7% $371 / Sq Ft View Prior Sale
05/29/2013 05/29/13 Pending -- -- --
05/28/2013 05/28/13 For Sale $389,000 -- $407 / 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 $13,105 $1,093,042 $874,434 $218,608
2024 $12,959 $1,071,611 $857,289 $214,322
2023 $12,704 $1,050,600 $840,480 $210,120
2022 $12,105 $1,030,000 $824,000 $206,000
2021 $7,013 $588,897 $438,164 $150,733
2020 $7,083 $582,860 $433,672 $149,188
2019 $6,800 $571,432 $425,169 $146,263
2018 $6,744 $560,229 $416,833 $143,396
2016 $6,443 $538,477 $400,648 $137,829
2015 $6,348 $530,389 $394,630 $135,759
2014 $6,456 $520,000 $386,900 $133,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS21139485

California Regional Multiple Listing Service (CRMLS)

APN: 5486-011-031