NOT LISTED FOR SALE

Estimated Value: $1,734,000 - $1,955,540

3 Beds
3 Baths
2,287 Sq Ft
$795/Sq Ft Est. Value

Last Sold November 17, 2023

Last sale price $1,675,000 $732 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $11,705/month

99 Days on Market

Highlights

  • Art Studio
  • City Lights View
  • Bonus Room
  • Heated Spa
  • Deck
  • 5-minute walk to Franklin-Ivar Park

About This Home

As of November 2023

Delivered 100 % vacant *** 4.7 Projected CAP *** !!!! ****BEST DEAL IN TOWN **** TREMENDOUS OPPORTUNITY - Perfect Income-producing property, Collect two rents and live in one !! (Income would be MUCH higher if rented furnished / Airbnb! ) Whether you're searching for an ideal home for multi-generational living or a savvy income-generating opportunity, this is the one you've been searching for! Live in the vacant primary residence and collect rent from the ADU, OR, rent BOTH units for Income. Sensational Retreat home! PLUS an ADU to generate rental income or accommodate an extended family. In the main dwelling, discover a unique interior combining the allure of a Classic Hollywood 1928 home and its historic location with ultra-modern upgrades. Contemporary features and amenities but preserving the charm and the integrity of the home. Gorgeous gleaming hardwood floors, recessed lights, open bright, and spacious floor plan.A living room with a Parlor/office provides a versatile area for work or relaxation. A stately fireplace adds warmth and character to the area. From the windows, you can enjoy panoramic views of the Capitol Records building and the downtown skyline, creating a picturesque backdrop. A separate private entrance door leads into a large bonus space with a kitchenette, bathroom with shower, a great room, and office/workspace. Completely remodeled state of the art cooks kitchen with a fine selection of Fisher-Paykel appliances, quartz counters & stunning custom cabinetry. The private terraced backyard features a fountain, SPA with a gazebo, a bar area, and a laundry room, creating a tranquil and inviting space for relaxation and entertainment. A separate entrance leads to an ADU. Charming space with Murphy bed, full bath, brand new kitchenette, and private outdoor porch with views! Laundry room and Spa. All this and a Fabulous location!!! Conveniently located near some of the best shopping and restaurants that Los Angeles has to offer! Come for a tour to see the possibilities that await you!

Last Agent to Sell the Property

Nadia Fahimian

ZARA Equity Corp. License #01182648 Listed on: 07/26/2023

Co-Listed By

Richard Klein

Rodeo Realty License #01174039

Last Buyer's Agent

Jimmy Heckenberg

Rodeo Realty License #01910100

Rodeo Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,674

Year Built

  • Built in 1923 | Remodeled

Lot Details

  • 6,405 Sq Ft Lot
  • Lot Dimensions are 50x127
  • Historic Home
  • Property is zoned LAR1

Property Views

  • City Lights
  • Views of a landmark

Home Design

  • Split Level Home
  • Additions or Alterations

Interior Spaces

  • 2,287 Sq Ft Home
  • 1-Story Property
  • Stained Glass
  • French Doors
  • Family Room
  • Den
  • Bonus Room
  • Art Studio
  • Craft Room

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer

Home Security

  • Alarm System
  • Carbon Monoxide Detectors

Parking

  • 1 Parking Space
  • Converted Garage
  • Driveway
  • On-Street Parking

Pool

  • Heated Spa
  • Above Ground Spa

Outdoor Features

  • Deck
  • Wrap Around Porch
  • Open Patio

Additional Homes

  • Accessory Dwelling Unit (ADU)

Utilities

  • Zoned Heating and Cooling
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5575-002-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,674

Year Built

Built in 1923 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Advertising Remarks: Delivered 100 % vacant ***** 6.7 Projected CAP *** !!!!****BEST DEAL IN TOWN *** ** Perfect Income-producing property, Collect two rents and live in one !! (Income would be MUCH higher if rented furnished / Airbnb! ) Whether you're searching for an ideal home for multi-generational living or a savvy income-generating opportunity, this is the one you've been searching for! Live in the vacant primary residence and collect rent from the ADU, OR, rent BOTH units for Income. Sensational Retreat home! PLUS an ADU to generate rental income or accommodate an extended family. In the main dwelling, discover a unique interior combining the allure of a Classic Hollywood 1928 home and its historic location with ultra-modern upgrades. Contemporary features and amenities preserve the charm and the integrity of the home.
  • Living Area: 2287
  • Lot Acreage: 0.1470
  • Lot Dimensions: 50x127
  • Property Condition: Additions/Alter, Updated/Remodeled
  • Stories: 1
  • Year Built: 1923
  • Number Of Photos: 51
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Number Dishwasher: 1
  • Number Refrigerator: 1
  • Bedrooms: 3
  • Common Walls: Detached/No Common Walls
  • Dining Room: 0
  • Family Room: 1
  • Laundry: In Unit, Inside, Laundry Area, Room
  • Total Bathrooms: 3.00
  • Den: 1
  • Equipment: Alarm System, Dishwasher, Refrigerator, Range/Oven, Washer
  • Price Per S Q F T: 721.03
  • Windows: Stained or Leaded

Exterior Features

  • Other Features: French Doors, Historical
  • Other Structures: Accessory Dwelling Unit
  • Patio: Patio Open, Covered Porch, Deck(s), Wrap Around Porch
  • Spa: Above Ground, Heated, Hot Tub
  • Spa Yn: Yes
  • View: City, City Lights, Landmark
  • View: Yes

Garage/Parking

  • Parking Garage: Above Street Level, Driveway
  • Total Parking: 1

Utilities

  • Volt 220: In Laundry
  • Cooling: Air Conditioning, Central, Wall Unit(s), Multi/Zone
  • Heating: Central, Wall
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Water Meters: 1
  • Security: Carbon Monoxide Detector(s)
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 30.56
  • Assessed Improvement Value: 488179
  • Assessed Land Percent: 69.44
  • Assessed Land Value: 1109199
  • Total Assessed Value: 1597378
  • Assessor Parcel Number: 5575-002-005
  • Lot Size Area: 6405

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 2
  • Total Annual Expense: 20760
  • Type Of Units: SFR and ADU
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2024
Sold by
Kurzweil Family Trust and Kurzweil Joyce W
Bought by
Kurzweil Robert B and Kurzweil Joyce W
Current Estimated Value
$1,817,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,262,354
Outstanding Balance
$1,256,519
Interest Rate
6.44%
Mortgage Type
VA
Estimated Equity
$550,666

Purchase Details

Listed on
Jul 26, 2023
Closed on
Dec 14, 2023
Sold by
Kurzweil Robert Borker and Joyce Waters
Bought by
Kurzweil Family Trust and Kurzweil
Seller's Agent
Nadia Fahimian
ZARA Equity Corp.
Buyer's Agent
Jimmy Heckenberg
Rodeo Realty
List Price
$1,649,000
Sold Price
$1,675,000
Premium/Discount to List
$26,000
1.58%
Views
222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.65%

Purchase Details

Closed on
Sep 14, 2023
Sold by
Pie Capital Llc
Bought by
Kurzweil Robert Borker and Kurzweil Joyce Waters

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,231,250
Interest Rate
7.49%
Mortgage Type
VA

Purchase Details

Closed on
Nov 15, 2019
Sold by
Heckman David G
Bought by
Pie Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
3.75%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 6, 2002
Sold by
Heckman David G
Bought by
Heckman David G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,000
Interest Rate
6.51%

Purchase Details

Closed on
Jun 3, 1993
Sold by
Heckman Annie I
Bought by
Heckman David G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
7%
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
Kurzweil Robert B -- --
Kurzweil Family Trust -- Accommodation/Courtesy Recordi
Kurzweil Robert Borker $1,675,000 Lawyers Title Company
Pie Capital Llc $1,550,000 Progressive Title Company
Heckman David G -- Fidelity National Title Co
Heckman David G -- Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kurzweil Robert B $1,262,354
Previous Owner Kurzweil Robert Borker $1,231,250
Previous Owner Pie Capital Llc $1,319,000
Previous Owner Pie Capital Llc $700,000
Previous Owner Pie Capital Llc $850,000
Previous Owner Heckman David G $130,000
Previous Owner Heckman David G $283,740
Previous Owner Heckman David G $95,000
Previous Owner Heckman David G $64,000
Previous Owner Heckman David G $333,700
Previous Owner Heckman David G $263,000
Previous Owner Heckman David G $50,000
Previous Owner Heckman David G $258,000
Previous Owner Heckman David G $276,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2023 11/17/23 Sold $1,675,000 +1.6% $732 / Sq Ft
11/02/2023 11/02/23 Pending -- -- --
09/27/2023 09/27/23 For Sale $1,649,000 0.0% $721 / Sq Ft
09/11/2023 09/11/23 Pending -- -- --
07/26/2023 07/26/23 For Sale $1,649,000 -- $721 / 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
2024 $19,674 $1,596,567 $1,007,429 $589,138
2023 $20,066 $1,629,324 $1,131,382 $497,942
2022 $19,164 $1,597,378 $1,109,199 $488,179
2021 $18,932 $1,566,057 $1,087,450 $478,607
2019 $5,975 $370,824 $191,185 $179,639
2018 $5,866 $363,554 $187,437 $176,117
2016 $4,371 $349,438 $180,159 $169,279
2015 $4,309 $344,190 $177,453 $166,737
2014 $4,331 $337,448 $173,977 $163,471
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-294235

The MLS

APN: 5575-002-005