NOT LISTED FOR SALE

7001 Melrose Ave Los Angeles, CA 90038

Hollywood Neighborhood

Estimated Value: $4,002,973

2 Beds
2 Baths
2,750 Sq Ft
$1,456/Sq Ft Est. Value

Highlights

  • Art Studio
  • Midcentury Modern Architecture
  • Loft
  • Automatic Gate
  • Two Story Ceilings
  • Corner Lot

About This Home

As of May 2021

Designed in 1965 by globally renowned architect Frank Gehry, the Danziger Studio and Residence is the architects first recognizable and published work. An interpretation of a cubist compound of distinctly separate live-work areas, it is eloquently enjoined by rising walls of stacked casement windowed towers and reflective light. The residence portion is Gehry's early signature; an open plan with two bedrooms and one bath aloft a two-story living space with a centralized courtyard that also engages with the studio portion. The studio is a large, two-story open space that also includes two offices and a guest bath. Private and secure with excellent preferred parking in the Hollywood Media District. Featured in the MOMA Frank Gehry exhibit, this is indeed a very unique and rare offering that could be used as a live/work space, or entirely as a commercial office/work space.

Last Agent to Rent the Property

David Findley

The Agency License #00641180 Listed on: 01/13/2021

The Agency

Last Renter's Agent

Subscriber Non

Non-Participant Office License #13252

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,401

Year Built

  • Built in 1966

Lot Details

  • 3,916 Sq Ft Lot
  • Gated Home
  • Corner Lot
  • Property is zoned LAC4

Parking

  • 2 Car Direct Access Garage
  • 3 Open Parking Spaces
  • Automatic Gate

Home Design

  • Midcentury Modern Architecture
  • Stucco

Interior Spaces

  • 2,750 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Two Story Ceilings
  • Living Room
  • Dining Area
  • Home Office
  • Loft
  • Art Studio
  • Security System Owned
  • Open to Family Room
  • Laundry in Garage

Flooring

  • Carpet
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Enclosed Patio or Porch
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $48,000
  • Tenant pays for gas, electricity, cable TV, gardener, trash collection, water, janitorial service
  • 12 Month Lease Term
  • Assessor Parcel Number 5525-008-009

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,401

Year Built

Built in 1966

Lot Details

0

Parking

2

Rental Info

  • Credit Report Required: Yes
  • Land Lease Type: Fee
  • Security Deposit: 48000
  • Tenant Pays: Gas, Electricity, Cable TV, Gardener, Trash Collection, Water, Janitorial Service

Listing Details

  • Property Type: Residential Lease
  • Style: Mid-Century
  • Single Family Or Apt: Single Family
  • Street Number Display: Yes
  • Advertising Remarks: Frank Gehrys 1965 Danziger Studio and Residence - an interpretation of a cubist compound of distinctly separate live-work areas. The residence portion is Gehry's early signature; open plan with two bedrooms and one bath aloft a two-story living space with a centralized courtyard that also engages with the studio portion. The studio is a large, two-story open space that also includes two offices and a guest bath. Could be used as a live/work space, or entirely as a commercial office/work space.
  • Entry Location: Ground Level - no steps
  • Exclusions: To be determined
  • Lease Terms: 1+Year
  • Living Area: 2750
  • Lot Acreage: 0.0899
  • Planned Urban Dev: 0
  • Stories: 2
  • Year Built: 1966
  • Number Of Photos: 34
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-Ins, High Ceilings (9 Feet+), Two Story Ceilings
  • Flooring: Carpet, Cement, Tile
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Dining Area
  • Kitchen Features: Open to Family Room
  • Laundry: Garage
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Refrigerator, Built-Ins
  • Inclusions: To be determined
  • Price Per S Q F T: 5.82

Exterior Features

  • Construction: Stucco
  • Other Features: High Ceilings (9 Feet+)
  • Patio: Enclosed
  • Pool: No
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Other Spaces: 3
  • Covered Parking: 2
  • Parking Garage: Garage Is Attached, Auto Driveway Gate, Gated, Uncovered, Direct Entrance
  • Total Parking: 5

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated, Owned
  • Sewer: In Connected and Paid
  • Water: Public

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5525-008-009
  • Lot Location: Corner Lot
  • Lot Size Area: 3916

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2010
Sold by
Noyce Phillip
Bought by
Findley David and The Melrose Trust
Current Estimated Value
$4,002,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
4.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 8, 2009
Sold by
Sharp Bronwyn Jan
Bought by
Noyce Phillip

Purchase Details

Closed on
Jul 20, 1999
Sold by
Melmore Partners
Bought by
Noyce Phillip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$547,500
Interest Rate
7.64%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 1995
Sold by
Danziger Louis and Danziger Dorothy P
Bought by
Melmore Partners

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
8.32%
Mortgage Type
Seller Take Back
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
Findley David $1,590,015 Equity Title Company
Noyce Phillip -- None Available
Noyce Phillip $730,000 Stewart Title
Melmore Partners $460,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Findley David $1,260,000
Closed Findley David $400,000
Closed Findley David $971,000
Closed Findley David $975,000
Previous Owner Noyce Phillip $500,000
Previous Owner Noyce Phillip $547,500
Previous Owner Melmore Partners $360,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2021 05/29/21 Rented $15,000 -6.3% --
04/23/2021 04/23/21 Under Contract -- -- --
01/13/2021 01/13/21 For Rent $16,000 +6.7% --
07/21/2016 07/21/16 Rented $15,000 0.0% --
05/13/2016 05/13/16 Under Contract -- -- --
04/04/2016 04/04/16 For Rent $15,000 -- --
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 $27,401 $2,037,062 $1,153,054 $884,008
2024 $27,401 $1,997,121 $1,130,446 $866,675
2023 $26,816 $1,957,963 $1,108,281 $849,682
2022 $25,596 $1,919,572 $1,086,550 $833,022
2021 $25,185 $1,881,935 $1,065,246 $816,689
2019 $24,509 $1,826,117 $1,033,651 $792,466
2018 $24,326 $1,790,312 $1,013,384 $776,928
2016 $22,938 $1,720,794 $974,034 $746,760
2015 $22,632 $1,694,947 $959,404 $735,543
2014 -- $1,661,746 $940,611 $721,135
Source: Public Records

Agents Affiliated with this Home

  • David Findley

    Landlord's Agent in 2021

    David Findley

    The Agency

    (310) 345-6911

    23 Total Sales

    David Findley
    Section Image

  • S

    Tenant's Agent in 2021

    Subscriber Non

    Non-Participant Office

  • Alex Quaid

    Seller's Agent in 2016

    Alex Quaid

    The Agency

    (310) 717-1054

    1 in this area

    82 Total Sales

    Alex Quaid
    Section Image
  • Jay Luchs

    Buyer Co-Listing Agent in 2016

    Jay Luchs

    Newmark Estates

    (310) 201-2060

    18 Total Sales

    Jay Luchs
    Section Image
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Map

Source: The MLS

MLS Number: 21-677712

The MLS

APN: 5525-008-009

California Los Angeles County Los Angeles 90036 Hollywood

7001 Melrose Ave, Los Angeles, CA

This home is located at 7001 Melrose Ave, Los Angeles, CA 90038 since 13 January 2021 and is currently priced at $4,002,973. This property was built in 1966. 7001 Melrose Ave is a home located in Los Angeles County with nearby schools including Vine Street Elementary School, Hubert Howe Bancroft Middle School, and Fairfax High School.

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