NOT LISTED FOR SALE

5642 Melvin Ave Tarzana, CA 91356

Tarzana Area

Estimated Value: $1,436,000 - $1,651,000

4 Beds
3.5 Baths
2,387 Sq Ft
$648/Sq Ft Est. Value

Sale Details

Date Sold: July 29, 2020

Last sale price $1,085,000 $455 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $9,641 / mo

223 Days on Market

Highlights

  • Sound Studio
  • Two cooling system units
  • Central Heating and Cooling System
  • No HOA
  • Tankless Water Heater
  • 1-Story Property

About This Home

As of July 2020

Amazing opportunity in Melody Acres! Continue your business as a recording studio or build your dream home amongst the many newly developed multi-million dollar homes on the street. Currently, the set up is unique with the recording studio in the heart of the home and each of the 4 bedrooms having its own separate entrance. The recording studio has its own separate entrance, complete with a control room, a large live room, a diamond shape iso/vocal booth, a separate amp room, lounge area with dry bar and a half bathroom. Because the zoning is LARA, this large lot has so much potential. Here's the perfect set up you have been searching for!

Last Agent to Sell the Property

Gregory Guinto

Sotheby's International Realty License #01450090 Listed on: 07/11/2019

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1944

Lot Details

  • 18,026 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned LARA

Interior Spaces

  • 2,387 Sq Ft Home
  • 1-Story Property
  • Sound Studio
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 166
  • Tax Tract Number 7884
  • Assessor Parcel Number 2153026016

Community Details

Overview

  • No Home Owners Association
  • Valley

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Year Built

Built in 1944

Lot Details

0.41 Acres

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Zoning: LARA
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2153026016
  • Year Built: 1944
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2387.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 454.55
  • Room Type: Main Floor Master Bedroom, Sound Studio

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Tankless Water Heater
  • Heating Type: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 18026.00
  • Lot Size Acres: 0.4138

Multi Family

  • Lease Considered: No
  • Lot Size Area: 18026.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1393.01
  • Tax Lot: 166
  • Tax Tract Number: 7884

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
Dec 12, 2013
Closed on
Mar 20, 2014
Sold by
Bought by
Seller's Agent
Frank Russo
Inclusive Real Estate
Buyer's Agent
Gregory Guinto
Wish Sotheby's International Realty
List Price
$689,900
Sold Price
$640,000
Premium/Discount to List
-$49,900
-7.23%
Current Estimated Value
$1,547,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$907,777
Avg. Annual Appreciation
7.44%
Original Mortgage
$628,408
Interest Rate
0.0425%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 16, 2012
Sold by
Bought by

Purchase Details

Closed on
Oct 17, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,600
Interest Rate
0.0405%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,600
Interest Rate
0.0405%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2004
Sold by
Bought by

Purchase Details

Closed on
Apr 27, 2004
Sold by
Bought by

Purchase Details

Closed on
Nov 18, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
0.0562%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 4, 2002
Sold by
Bought by

Purchase Details

Closed on
Sep 8, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
0.075%

Purchase Details

Closed on
Sep 20, 1993
Sold by
Bought by
Source: Public Records

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 Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$640,000 Lawyers Title
-- None Available
-- Stewart Title Of California
$487,000 Stewart Title Riverside
-- --
-- --
-- Fidelity National Title Co S
-- --
$270,000 First American Title Co
$150,000 Southern California Title Co
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 $1,190,000
Closed $675,000
Closed $625,500
Closed $626,790
Closed $628,408
Previous Owner $389,600
Previous Owner $649,900
Previous Owner $250,000
Previous Owner $322,700
Previous Owner $243,000
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
07/29/2020 07/29/20 Sold $1,085,000 -5.7% $455 / Sq Ft
02/19/2020 02/19/20 Pending -- -- --
07/11/2019 07/11/19 For Sale $1,150,000 +79.7% $482 / Sq Ft
04/07/2014 04/07/14 Sold $640,000 -7.2% $268 / Sq Ft View Prior Sale
03/15/2014 03/15/14 Pending -- -- --
12/12/2013 12/12/13 For Sale $689,900 -- $289 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $14,483 $1,174,436 $939,550 $234,886
2024 $14,336 $1,151,409 $921,128 $230,281
2023 $14,062 $1,128,833 $903,067 $225,766
2022 $13,415 $1,106,700 $885,360 $221,340
2021 $13,249 $1,085,000 $868,000 $217,000
2019 $8,752 $703,304 $547,589 $155,715
2018 $8,545 $689,514 $536,852 $152,662
2016 $8,157 $662,741 $516,006 $146,735
2015 $8,040 $652,787 $508,256 $144,531
2014 $6,237 $489,210 $338,429 $150,781
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2020

    Gregory Guinto

    Sotheby's International Realty

    Section Image

  • F

    Seller's Agent in 2014

    Frank Russo

    Inclusive Real Estate

    (818) 582-9065

    2 Total Sales

    Frank Russo
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19163948

California Regional Multiple Listing Service (CRMLS)

APN: 2153-026-016

California Los Angeles County Tarzana 91356

5642 Melvin Ave, Tarzana, 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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