NOT LISTED FOR SALE

Estimated Value: $633,000 - $694,196

3 Beds
2 Baths
1,104 Sq Ft
$605/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $580,077 $525 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,218/month

12 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Ceramic Tile Flooring
  • Living Room
  • Bungalow
  • 1-minute walk to Van Ness Recreation Center

About This Home

As of August 2022

Located in a prime Park Mesa Heights neighborhood is this 3-bedroom, 2-bathroom home on a LARD2 lot with unlimited potential. This is an ideal starter home for a buyer looking to reimagine a space with their personal design touches or an investor looking for a development opportunity with great upside. The generously sized lot offers opportunity for future expansion or an ADU. Located steps away from the Van Ness Recreation Center and minutes from the Crenshaw/LAX line, Leimert Park Village and other local attractions. This will not last long!

Last Agent to Sell the Property

Erica Lockhart

Compass License #01763313 Listed on: 06/15/2022

Compass

Co-Listed By

Lorin Ruttenberg

Compass License #01309588

Last Buyer's Agent

Kiya Bodden

Compass License #02103567

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,277

Year Built

  • Built in 1920

Lot Details

  • 4,922 Sq Ft Lot
  • Lot Dimensions are 40x123
  • Property is zoned LARD2

Parking

  • Driveway

Home Design

  • Bungalow

Interior Spaces

  • 1,104 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Area
  • Oven or Range
  • Laundry Room

Flooring

  • Carpet
  • Linoleum
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5005-001-030

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,277

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: California Bungalow
  • Street Number Display: Yes
  • Living Area: 1104
  • Lot Acreage: 0.1130
  • Lot Dimensions: 40x123
  • Stories: 1
  • Year Built: 1920
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Carpet, Linoleum, Laminate, Ceramic Tile, Mixed
  • Bedrooms: 3
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Ceiling Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 520.74

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway

Utilities

  • Heating: Wall

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5005-001-030
  • Lot Size Area: 4922

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Sep 8, 2022
Sold by
Ocean Development Inc
Bought by
T Zone Properties Llc
Seller's Agent
Erica Lockhart
Compass
Buyer's Agent
Kiya Bodden
Compass
List Price
$574,900
Sold Price
$580,077
Premium/Discount to List
$5,177
0.9%
Views
1
Current Estimated Value
$668,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,972
Avg. Annual Appreciation
6.30%
Original Mortgage
$590,000
Outstanding Balance
$565,587
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$132,980

Purchase Details

Listed on
Jun 15, 2022
Closed on
Jul 28, 2022
Sold by
Gray Alma R
Bought by
Ocean Development Inc
Seller's Agent
Erica Lockhart
Compass
Buyer's Agent
Kiya Bodden
Compass
List Price
$574,900
Sold Price
$580,077
Premium/Discount to List
$5,177
0.9%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Outstanding Balance
$565,587
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$132,980

Purchase Details

Closed on
Jan 7, 2004
Sold by
Gray Alma R
Bought by
Gray Fester

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
2.69%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
T Zone Properties Llc $575,000 Lawyers Title
Ocean Development Inc $580,500 Lawyers Title
Gray Fester -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ocean Development Inc $590,000
Previous Owner Gray Fester $375,000
Closed Gray Fester $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2022 08/26/22 Sold $580,077 +0.9% $525 / Sq Ft
06/27/2022 06/27/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $574,900 -- $521 / Sq Ft
Source: The MLS

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 $7,277 $598,230 $478,584 $119,646
2024 $7,277 $586,500 $469,200 $117,300
2023 $7,141 $575,000 $460,000 $115,000
2022 $1,582 $121,843 $58,521 $63,322
2021 $1,554 $119,455 $57,374 $62,081
2019 $1,510 $115,914 $55,673 $60,241
2018 $1,454 $113,642 $54,582 $59,060
2016 $1,380 $109,230 $52,463 $56,767
2015 $1,361 $107,590 $51,675 $55,915
2014 $1,375 $105,483 $50,663 $54,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-145507

The MLS

APN: 5005-001-030