NOT LISTED FOR SALE

Estimated Value: $4,994,000 - $7,200,000

6 Beds
7 Baths
5,842 Sq Ft
$1,070/Sq Ft Est. Value

Last Sold October 12, 2016

Last sale price $4,450,000 $762 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $38,092/month

21 Days on Market

Highlights

  • Detached Guest House
  • Garage Apartment
  • Living Room with Fireplace
  • Third Street Elementary School Rated A
  • 17,863 Sq Ft lot
  • Wood Flooring

About This Home

As of October 2016

Special and rare, this light-filled Spanish compound in Hancock Park offers 6 bedrooms + 7 baths. Enter thru a private, gated courtyard w/ exquisite, drought-tolerant landscaping into a true urban oasis. Classic Spanish architectural details are evident throughout while high ceilings + grand, spacious living spaces contribute to the home's timeless elegance. Step down to an immense living room that opens to a sun-drenched den + back patio w/ built-in fire pit. Formal dining room connects to updtd cook's kitchen. Maid's rm + bath behind kitchen. Upstairs 5 bedrooms including a stunning master retreat w/ an adjoining study, gym, + private terrace. Laundry room on every level. Sprawling lawn w/ raised planter boxes brimming w/ veggies. A small work/lounge area, xtra storage space, half bath completes rear yard. Fantastic guest casita w/ kitchen, living rm, bed + bath, private terrace are above the 3-car-garage. A truly magnificent home with enough space to make all your dreams come true!

Last Agent to Sell the Property

Jenna Cooper

Compass License #01352710 Listed on: 08/25/2016

Compass

Last Buyer's Agent

Drew Fenton

Carolwood Estates License #01317962

Carolwood Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $62,442

Year Built

  • Built in 1924

Lot Details

  • 0.41 Acre Lot
  • Property is zoned LARE15

Home Design

  • Spanish Architecture

Interior Spaces

  • 5,842 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Room
  • Den with Fireplace
  • Alarm System
  • Property Views

Kitchen

  • Freezer
  • Dishwasher

Flooring

  • Wood
  • Concrete

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Powder Room

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • Detached Garage
  • Attached Carport
  • Garage Apartment
  • Driveway

Utilities

  • Air Conditioning
  • Central Heating

Additional Features

  • Open Patio
  • Detached Guest House

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5505-006-006

Home Details

Home Type

Single Family

Est. Annual Taxes

$62,442

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 5842
  • Stories: 2
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Den, Living Room
  • Flooring: Cement, Hardwood
  • Bedrooms: 6
  • Full Bathroom: 5
  • Half Bathroom: 2
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: On Upper Level, Room
  • Maids Room: 1
  • Total Bathrooms: 7.00
  • Equipment: Alarm System, Dishwasher, Dryer, Freezer, Refrigerator, Washer
  • Price Per S Q F T: 800.92

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool: No
  • Spa Yn: No
  • View: Any
  • View: Yes

Garage/Parking

  • Parking Garage: Carport Attached, Detached, Driveway

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5505-006-006
  • Geocode Override: No
  • Lot Size Area: 17863

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2017
Sold by
Andelson Amy A and Lubens Sean M
Bought by
Lubens Sean and Andelson Amy
Current Estimated Value
$6,252,413

Purchase Details

Listed on
Aug 25, 2016
Closed on
Sep 13, 2016
Sold by
Selman Matthew David and Ridgeley Charlon Renee
Bought by
Arlen Andelson Family Trust
Seller's Agent
Jenna Cooper
Compass
Buyer's Agent
Drew Fenton
Carolwood Estates
List Price
$4,679,000
Sold Price
$4,450,000
Premium/Discount to List
-$229,000
-4.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.83%
Original Mortgage
$3,300,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2006
Sold by
Akbar David and Akbar Najmeh
Bought by
Selman Matthew David and Ridgeley Charlon Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,375,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 27, 2004
Sold by
Akbar Najmeh
Bought by
Akbar David and Akbar Najmeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2003
Sold by
Akbar Najmeh
Bought by
Akbar David and Akbar Najmeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.87%

Purchase Details

Closed on
Dec 15, 1999
Sold by
Akbar Najmeh
Bought by
Akbar David and Akbar Najmeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
7.62%

Purchase Details

Closed on
Apr 5, 1999
Sold by
Johns Joseph H and Louise Laraway Teal Trust
Bought by
Akbar Najmeh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
6.98%

Purchase Details

Closed on
Mar 13, 1998
Sold by
Teal Louise L
Bought by
Teal Louise Laraway and Johns Joseph H
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
Lubens Sean -- None Available
Arlen Andelson Family Trust $4,450,000 Provident Title
Selman Matthew David -- First American Title Ins Co
Akbar David -- --
Akbar Najmeh -- Old Republic Title Company
Akbar David -- --
Akbar Najmeh -- --
Akbar David -- California Counties Title Co
Akbar Najmeh $950,000 Equity Title
Akbar Najmeh -- Equity Title
Teal Louise Laraway -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arlen Andelson Family Trust $3,300,000
Previous Owner Selman Matthew David $1,375,000
Previous Owner Akbar Najmeh $1,500,000
Previous Owner Akbar Najmeh $1,000,000
Previous Owner Akbar David $665,000
Previous Owner Akbar Najmeh $665,000
Closed Akbar Najmeh $700,000
Closed Akbar Najmeh $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2016 10/12/16 Sold $4,450,000 -4.9% $762 / Sq Ft
08/25/2016 08/25/16 For Sale $4,679,000 -- $801 / 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 $62,442 $5,221,379 $4,131,683 $1,089,696
2024 $62,442 $5,119,000 $4,050,670 $1,068,330
2023 $61,213 $5,018,629 $3,971,246 $1,047,383
2022 $58,333 $4,920,226 $3,893,379 $1,026,847
2021 $57,613 $4,823,752 $3,817,039 $1,006,713
2020 $58,207 $4,774,291 $3,777,900 $996,391
2019 $55,865 $4,680,678 $3,703,824 $976,854
2018 $55,047 $4,539,000 $3,631,200 $907,800
2016 $42,992 $3,552,111 $2,841,690 $710,421
2015 $42,358 $3,498,756 $2,799,006 $699,750
2014 $39,834 $3,214,000 $2,882,000 $332,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 16-156644

The MLS

APN: 5505-006-006