RENTED DEC 15, 2025

5637 Observation Ln Los Angeles, CA 90028

Hollywood Neighborhood

Estimated Value: $966,073 - $1,102,000

3 Beds
3 Baths
1,394 Sq Ft
$721/Sq Ft Est. Value

Sale Details

Date Sold: May 24, 2016

Last sale price $753,000 $540 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $6,152 / mo

Highlights

  • City View
  • 5-minute walk to Hollywood/Western Station
  • Furnished
  • Contemporary Architecture
  • Engineered Wood Flooring
  • Electric Vehicle Charging Station

About This Home

As of December 2025

Beautifully situated near the base of Griffith Park, this stunning 3Bath/3Bath home offers the perfect blend of urban convenience and outdoor tranquility in Historic Hollywood Village. Minutes away from the LA Metro Line and the vibrant Franklin Village, you're walking distance to the new Lazy Acres Market, The Cara Hotel, and some of Hollywood's best restaurants, bars, shops, and entertainment including the iconic Pantages Theatre. Fitness enthusiasts will love the proximity to Equinox, LA Fitness, One Down Dog Yoga, Motivate Pilates and Orange Theory, while nature lovers can enjoy hiking, picnicking, and relaxing in Griffith Park. The first floor features an inviting main entrance, great for a home office or Peloton, and an attached two-car garage, wired for EV charging (charger not included). Upstairs, the second floor boasts a spacious modern Kitchen and cozy living room, a full bathroom, and a bright guest bedroom. The third floor offers two additional bedrooms, each with its own en-suite bath, and stacked Laundry. Finally, a private rooftop terrace crowns the home the perfect spot to take in sweeping views, sunbathe, or host a BBQ under the stars.

Last Agent to Rent the Property

Levi Freeman

Nourmand & Associates-HW License #01926993 Listed on: 11/06/2025

Co-Listed By

Ali Wood Moser

Nourmand & Associates-HW License #02121988

Last Renter's Agent

Ali Wood Moser

Nourmand & Associates-HW License #02121988

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 2014

Lot Details

  • 1,000 Sq Ft Lot
  • Property is zoned LAR3

Parking

  • 2 Car Garage

Property Views

  • City
  • Trees
  • Hills

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,394 Sq Ft Home
  • 4-Story Property
  • Furnished
  • Family Room

Kitchen

  • Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Community Details

  • Electric Vehicle Charging Station

Listing and Financial Details

  • Security Deposit $5,000
  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • 12 Month Lease Term
  • Assessor Parcel Number 5544-001-041

Home Details

Home Type

Single Family

Year Built

Built in 2014

Lot Details

1,000 Sq Ft Lot

Parking

2

Rental Info

  • Furnished: Furnished
  • Lease Option: 1
  • Security Deposit: 5000
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Single Family Or Apt: Single Family
  • Levels: Three Or More
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 1394
  • Lot Acreage: 0.0230
  • Stories: 4
  • Year Built: 2014
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Engineered Hardwood, Tile
  • Bedrooms: 3
  • Full Bathroom: 3
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: In Closet, In Unit, Inside, Laundry Closet Stacked
  • Total Bathrooms: 3.00
  • Equipment: Microwave, Dishwasher, Dryer, Washer, Refrigerator, Range/Oven, Ice Maker, Garbage Disposal
  • Price Per S Q F T: 3.05

Exterior Features

  • Pool: No
  • View: City, Hills, Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 5544-001-041
  • Lot Size Area: 1000

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2016
Closed on
Apr 27, 2016
Sold by
Akshara Housing Llc
Bought by
Seller's Agent
Ryan Fitzgerald
Vylla Home, Inc.
Buyer's Agent
Yvonne Kim
WIN Realty & Properties
List Price
$849,000
Sold Price
$753,000
Premium/Discount to List
-$96,000
-11.31%
Current Estimated Value
$952,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,505
Avg. Annual Appreciation
2.84%
Original Mortgage
$417,000
Outstanding Balance
$322,980
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$681,788

Purchase Details

Listed on
Jun 25, 2014
Closed on
Nov 21, 2014
Sold by
Patel Nirma
Bought by
Patel Nirma and Patel Pragna
Seller's Agent
Brian Weingart
NON-MEMBER/NBA or BTERM OFFICE
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$695,990
Sold Price
$695,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.01%

Purchase Details

Listed on
Jun 25, 2014
Closed on
Oct 10, 2014
Sold by
Patel Pragna
Bought by
Patel Nirmal
Seller's Agent
Brian Weingart
NON-MEMBER/NBA or BTERM OFFICE
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$695,990
Sold Price
$695,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$557,144
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 25, 2014
Closed on
Sep 8, 2014
Sold by
Beazer Home Holding Corp
Bought by
Patel Nirmal
Seller's Agent
Brian Weingart
NON-MEMBER/NBA or BTERM OFFICE
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$695,990
Sold Price
$695,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$557,144
Interest Rate
4.08%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Hollywood, CA

  • Nikolai Medvedev Real Estate Agent - Berkshire Hathaway HomeServices California Properties

    Nikolai Medvedev

    Berkshire Hathaway HomeServices California Properties

    (213) 652-6289

    20 Total Sales

    1 in Hollywood

    $920,000 Price

    Nikolai Medvedev
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  • Maria Uribe Real Estate Agent - Millennium Homes & Estates

    Maria Uribe

    Millennium Homes & Estates

    (626) 635-3702

    14 Total Sales

    1 in Hollywood

    $620,000 Price

    Maria Uribe
     Section Image
  • RANA ALHILO Real Estate Agent - Anomaly Real Estate

    RANA ALHILO

    Anomaly Real Estate

    (951) 749-6602

    48 Total Sales

    1 in Hollywood

    $1,450,000 Price

    RANA ALHILO
     Section Image
  • John Michael Iglar Real Estate Agent - Douglas Elliman

    John Michael Iglar

    Douglas Elliman

    (424) 321-8709

    28 Total Sales

    3 in Hollywood

    $403K - $685K Price Range

    John Michael Iglar
     Section Image
  • Clara Blunk Real Estate Agent - Anvil Real Estate

    Clara Blunk

    Anvil Real Estate

    (747) 247-8851

    13 Total Sales

    1 in Hollywood

    $1,307,000 Price

    Clara Blunk
     Section Image
  • Stephanie Payab Real Estate Agent - Berkshire Hathaway HomeServices California Properties

    Stephanie Payab

    Responds Quickly

    Berkshire Hathaway HomeServices California Properties

    (818) 412-8595

    52 Total Sales

    1 in Hollywood

    $375,000 Price

    Stephanie Payab
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$753,000 Lawyers Title
Patel Nirma -- None Available
Akshara Housing Llc -- None Available
Patel Nirmal -- Fidelity National Title Co
Patel Nirmal $696,500 Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $417,000
Previous Owner Patel Nirmal $557,144
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2025 12/15/25 Rented $4,250 0.0% --
12/15/2025 12/15/25 Under Contract -- -- --
12/05/2025 12/05/25 Price Changed $4,250 -2.3% $3 / Sq Ft
11/06/2025 11/06/25 For Rent $4,350 +3.6% --
10/25/2024 10/25/24 Rented $4,200 0.0% --
10/13/2024 10/13/24 Under Contract -- -- --
09/20/2024 09/20/24 For Rent $4,200 0.0% --
05/24/2016 05/24/16 Sold $753,000 -2.8% $540 / Sq Ft View Prior Sale
04/18/2016 04/18/16 Price Changed $775,000 -3.0% $556 / Sq Ft
03/18/2016 03/18/16 Price Changed $799,000 -3.6% $573 / Sq Ft
02/23/2016 02/23/16 Price Changed $829,000 -2.4% $595 / Sq Ft
01/27/2016 01/27/16 For Sale $849,000 -- $609 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $10,768 $909,218 $642,733 $266,485
2025 $10,768 $891,391 $630,131 $261,260
2024 $10,651 $873,914 $617,776 $256,138
2023 $10,443 $856,779 $605,663 $251,116
2022 $9,951 $839,981 $593,788 $246,193
2021 $9,828 $823,512 $582,146 $241,366
2019 $9,531 $799,088 $564,880 $234,208
2018 $9,497 $783,420 $553,804 $229,616
2016 $8,530 $707,121 $355,337 $351,784
2015 $8,391 $696,500 $350,000 $346,500
Source: Public Records

Agents Affiliated with this Home

  • Levi Freeman Real Estate Agent - Nourmand & Associates-HW

    Landlord's Agent in 2025

    Levi Freeman

    Nourmand & Associates-HW

    (310) 388-7916

    4 in this area

    50 Total Sales

    Levi Freeman
    Section Image

  • AW

    Landlord's Co-Listing Agent in 2025

    Ali Wood Moser

    Nourmand & Associates-HW

    (323) 462-6262

    3 in this area

    31 Total Sales

    Ali Wood Moser
    Section Image
  • Larry Min Real Estate Agent - UNIVERSITY REALTY INC.

    Seller's Agent in 2024

    Larry Min

    UNIVERSITY REALTY INC.

    (909) 796-4252

    35 Total Sales

    Larry Min
    Section Image
  • Ryan Fitzgerald Real Estate Agent - Vylla Home, Inc.

    Seller's Agent in 2016

    Ryan Fitzgerald

    Vylla Home, Inc.

    (310) 402-6000

    1 in this area

    17 Total Sales

    Ryan Fitzgerald
    Section Image
  • Yvonne Kim Real Estate Agent - WIN Realty & Properties

    Buyer's Agent in 2016

    Yvonne Kim

    WIN Realty & Properties

    (323) 470-2799

    10 Total Sales

    Yvonne Kim
    Section Image

  • BW

    Seller's Agent in 2014

    Brian Weingart

    NON-MEMBER/NBA or BTERM OFFICE

See All Agents

Map

Source: The MLS

MLS Number: 25616015

The MLS

APN: 5544-001-041

California Los Angeles County Los Angeles 90028 Hollywood

5637 Observation Ln, Los Angeles, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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