NOT LISTED FOR SALE

Estimated Value: $1,459,318 - $1,687,000

2 Beds
1 Bath
1,369 Sq Ft
$1,140/Sq Ft Est. Value

Last Sold April 22, 2024

Last sale price $1,495,000 $1,092 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,710/month

17 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • Covered Patio or Porch
  • Third Street Elementary School Rated A
  • No HOA
  • 1-minute walk to Mansfield Ave Park

About This Home

As of April 2024

LOOKING FOR BACK-UP. DO NOT DISTURB TENANTS... Nestled in the heart of Hancock Park on a quiet street, this 1924 Spanish gem captivates with its enduring charm and incredible potential. Boasting 2 bedrooms, 1 bathroom, the home exudes a timeless allure. The spacious living room with a barrel ceiling, features a decorative fireplace and hardwood floors, while the formal dining room sets the stage for memorable gatherings. The bright kitchen, equipped with vintage appliances, leads to a private backyard oasis with trees and a covered patio. A detached two-car garage offers parking, storage, and ADU potential. Whether preserving its original charm or infusing personal style, this residence is a canvas for crafting your dream living space. Conveniently located near La Brea Blvd's cafes, brewery, restaurants, The Grove, Farmers Market, and LACMA, it seamlessly integrates into LA's vibrant lifestyle. Don't miss this incredible opportunity for restoration or remodeling in one of Los Angeles' most desirable neighborhoods, Hancock Park. Do not disturb tenants! Showing some weekday mornings.

Last Agent to Sell the Property

Eileen Lanza

Keller Williams Larchmont License #01393915 Listed on: 03/06/2024

Keller Williams Larchmont

Last Buyer's Agent

Devin Henderson

MAISONRE License #02185771

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,561

Year Built

  • Built in 1924

Lot Details

  • 6,465 Sq Ft Lot
  • Lot Dimensions are 50x129
  • Property is zoned LAR1

Home Design

  • Spanish Architecture
  • Fixer Upper

Interior Spaces

  • 1,369 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Wood Flooring
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 2 Parking Spaces
  • Driveway

Outdoor Features

  • Covered Patio or Porch
  • Shed

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5507-019-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,561

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1369
  • Lot Acreage: 0.1484
  • Lot Dimensions: 50x129
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Fixer
  • Stories: 1
  • Year Built: 1924
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Decorative
  • Flooring: Hardwood, Mixed
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside, In Kitchen
  • Total Bathrooms: 1.00
  • Den: 0
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 1092.04

Exterior Features

  • Other Structures: Shed(s)
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5507-019-016
  • Lot Size Area: 6465

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2024
Closed on
Apr 11, 2024
Sold by
Sherman Russell Dennis
Bought by
Chen Stephanie
Seller's Agent
Eileen Lanza
Keller Williams Larchmont
Buyer's Agent
Devin Henderson
MAISONRE
List Price
$1,495,000
Sold Price
$1,495,000
Views
50
Current Estimated Value
$1,560,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,080
Avg. Annual Appreciation
2.92%
Original Mortgage
$400,000
Outstanding Balance
$394,023
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$1,166,057

Purchase Details

Closed on
Jun 17, 2022
Sold by
Russell And Deena Sherman Revocable Trus
Bought by
Sherman Russell Dennis

Purchase Details

Closed on
Sep 23, 2011
Sold by
Sherman Russell Dennis
Bought by
Sherman Russell Dennis and Sherman Deena Marie

Purchase Details

Closed on
Nov 2, 1999
Sold by
Gutsch Patricia J
Bought by
Sherman Russell D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
7.84%

Purchase Details

Closed on
Mar 7, 1999
Sold by
Gutsch Henry C
Bought by
Gutsch Patricia Jean and Wenz Lester E

Purchase Details

Closed on
Sep 25, 1995
Sold by
Gutsch Henry C
Bought by
Gutsch Henry C and Gutsch Patricia Jean
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
Chen Stephanie $1,495,000 Fidelity National Title
Sherman Russell Dennis -- Klapach & Klapach Pc
Sherman Russell Dennis -- None Available
Sherman Russell Dennis -- None Available
Sherman Russell D $295,000 Stewart Title
Gutsch Patricia Jean -- --
Gutsch Henry C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Stephanie $400,000
Previous Owner Sherman Russell D $236,000
Closed Sherman Russell D $29,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2024 04/22/24 Sold $1,495,000 0.0% $1,092 / Sq Ft
03/24/2024 03/24/24 Pending -- -- --
03/06/2024 03/06/24 For Sale $1,495,000 -- $1,092 / 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 $5,561 $1,524,900 $1,410,354 $114,546
2024 $5,561 $444,494 $308,892 $135,602
2023 $5,459 $435,780 $302,836 $132,944
2022 $5,213 $427,237 $296,899 $130,338
2021 $5,142 $418,861 $291,078 $127,783
2019 $4,990 $406,440 $282,446 $123,994
2018 $4,924 $398,471 $276,908 $121,563
2016 $4,703 $383,000 $266,156 $116,844
2015 $4,635 $377,248 $262,159 $115,089
2014 $4,657 $369,859 $257,024 $112,835
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-361659

The MLS

APN: 5507-019-016