NOT LISTED FOR SALE

686 N Gramercy Place Los Angeles, CA 90004

Larchmont Neighborhood

Estimated Value: $1,188,000 - $1,329,000

2 Beds
2.5 Baths
1,520 Sq Ft
$827/Sq Ft Est. Value

Last Sold August 31, 2017

Last sale price $899,000 $591 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $7,755/month

15 Days on Market

Highlights

  • Rooftop Deck
  • Panoramic View
  • Contemporary Architecture
  • Primary Bedroom Suite
  • Gated Community
  • Wood Flooring

About This Home

As of August 2017

Built in 2014 by reputable builder Lennar, this street-facing small lot home situated in a gated community is centrally located with easy access to Downtown, Hollywood, Koreatown, Miracle Mile, Larchmont Village, and more. The entry-level floor contains a private two-car garage with direct access to the entryway and a bonus room that can be used as an additional bedroom, office, and/or play room. The kitchen, dining area, living area, and powder room are located on the 2nd floor, with top-of-the-line stainless steel appliances, beautiful dark wood floors, and 9 ft. ceilings with windows on both ends allowing for plenty of natural light. Two bedrooms are situated on the 3rd floor, each with its own ensuite bathroom. The master suite boasts a large two-sink vanity, a spacious walk-in shower, and a large walk-in closet. The private rooftop deck, with views of the Hollywood sign, is an added bonus. Wired for Nexia Home, allowing for remote control of locks, lights, and thermostat.

Last Agent to Sell the Property

Amir Torkamani

Esquire Real Estate Brokerage, Inc. License #01902191 Listed on: 06/22/2017

Last Buyer's Agent

Ernest Bovenizer

USA Realty and Loans License #01916052

USA Realty and Loans

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,209

Year Built

  • Built in 2014

Lot Details

  • 1,140 Sq Ft Lot
  • West Facing Home
  • Gated Home
  • Property is zoned LAC2

HOA Fees

  • $122 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Side by Side Parking
  • Automatic Gate

Property Views

  • Panoramic
  • City Lights
  • Trees

Home Design

  • Contemporary Architecture
  • Split Level Home
  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 1,520 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Entryway
  • Family Room on Second Floor
  • Living Room
  • Dining Area
  • Home Office

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Powder Room
  • Double Vanity

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Home Security

  • Alarm System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Additional Features

  • Rooftop Deck
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5522-008-089

Community Details

Overview

  • Action Property Management Association
  • Maintained Community

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,209

Year Built

Built in 2014

Lot Details

0

HOA Fees

$122 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Complex Name: 5112 Melrose
  • Entry Floor: 1
  • Entry Location: Ground Level w/steps
  • Living Area: 1520
  • Stories: 3
  • Year Built: 2014
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: High Ceilings (9 Feet+), Turnkey
  • Flooring: Carpet, Tile, Wood
  • Appliances: Cooktop - Gas, Gas, Microwave, Range Hood
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 1
  • Bedroom Features: Master Suite, WalkInCloset
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Powder Room
  • Three Quarter Bathrooms: 1
  • Eating Areas: Breakfast Counter / Bar, Dining Area, Kitchen Island
  • Laundry: In Closet, On Upper Level
  • Total Bathrooms: 3.00
  • Equipment: Alarm System, Dishwasher, Dryer, Freezer, Gas Dryer Hookup, Microwave, Refrigerator, Washer
  • Price Per S Q F T: 591.45

Exterior Features

  • Direction Faces: West
  • Other Features: High Ceilings (9 Feet+)
  • Tennis Court Y/N: No
  • Patio: Roof Top Deck
  • Pool: No
  • Spa Yn: No
  • View: City, City Lights, Panoramic, Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Attached, Covered Parking, Direct Entrance, Garage - 2 Car, Garage Is Attached, Private Garage, Side By Side
  • Total Parking: 2

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Security: Automatic Gate, Carbon Monoxide Detector(s), Community, Fire Sprinklers, Gated, Prewired for alarm system, Smoke Detector

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Gated Community
  • Pet Rules: Assoc Pet Rules, Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 122.00
  • Management Company: Action Property Management
  • Mgmt Co Phone: (800) 400-2284
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 5522-008-089
  • Geocode Override: No
  • Lot Description: Gated Community
  • Lot Size Area: 1140

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 0

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2017
Closed on
Jul 27, 2017
Sold by
Kim Andrew T
Bought by
Kim Jeniffer
Seller's Agent
Amir Torkamani
Esquire Real Estate Brokerage, Inc.
Buyer's Agent
Ernest Bovenizer
USA Realty and Loans
List Price
$899,000
Sold Price
$899,000
Current Estimated Value
$1,257,762

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,762
Avg. Annual Appreciation
4.20%
Original Mortgage
$719,200
Outstanding Balance
$600,117
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$657,645

Purchase Details

Closed on
Nov 20, 2014
Sold by
Hong Se Rim
Bought by
Kim Andrew T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 5, 2014
Sold by
Lennar Homes Of California Inc
Bought by
Kim Andrew T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Kim Jeniffer $899,000 Old Republic Title Company
Kim Andrew T -- North American Title Co Inc
Kim Andrew T $756,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Jeniffer $719,200
Closed Kim Andrew T $712,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2017 08/31/17 Sold $899,000 0.0% $591 / Sq Ft
07/07/2017 07/07/17 Pending -- -- --
06/22/2017 06/22/17 For Sale $899,000 -- $591 / 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 $12,209 $1,022,903 $739,587 $283,316
2024 $12,209 $1,002,847 $725,086 $277,761
2023 $11,974 $983,184 $710,869 $272,315
2022 $11,415 $963,907 $696,931 $266,976
2021 $11,272 $945,008 $683,266 $261,742
2019 $10,932 $916,980 $663,000 $253,980
2018 $10,895 $899,000 $650,000 $249,000
2016 $9,257 $767,427 $442,547 $324,880
2015 $9,121 $755,900 $435,900 $320,000
Source: Public Records

Agents Affiliated with this Home

  • Amir Torkamani

    Seller's Agent in 2017

    Amir Torkamani

    Esquire Real Estate Brokerage, Inc.

    (310) 991-1684

    27 Total Sales

    Amir Torkamani
    Section Image

  • E

    Buyer's Agent in 2017

    Ernest Bovenizer

    USA Realty and Loans

    Section Image
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Map

Source: The MLS

MLS Number: 17-242476

The MLS

APN: 5522-008-089

California Los Angeles County Los Angeles 90004 Larchmont

686 N Gramercy Place, Los Angeles, CA

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