NOT LISTED FOR SALE

7271 Oakwood Ave Los Angeles, CA 90036

Melrose Neighborhood

Estimated Value: $1,477,000 - $1,919,000

2 Beds
2 Baths
1,394 Sq Ft
$1,172/Sq Ft Est. Value

Last Sold May 17, 2023

Last sale price $1,549,000 $1,111 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $10,142/month

36 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Breakfast Area or Nook
  • Spanish Architecture
  • No HOA
  • Plantation Shutters

About This Home

As of May 2023

Why Rent When You Can Own? Elegant, 2 bedroom plus office/nursery or 3rd bedroom, Spanish bungalow in a great West Hollywood adjacent location! Gorgeous large palm trees and drought-tolerant landscaping welcome you into the formal entry. Sunlit, warm & private home owned by an international designer and previously featured on HGTV. Updated & upgraded throughout, including new HVAC, ductwork, and water heater, while still maintaining many original details such as wood floors and domed ceilings. Large, step-down living room with exposed wood-beamed ceiling, plantation shutters, fireplace & fantastic handblown Italian glass sconces. Sliding door to a charming & private side and rear yard that is perfect for entertaining or just enjoying your morning coffee and a book. Larger dining area and open kitchen with granite counters, breakfast bar, and custom cabinetry. Remodeled full hallway bath with tub and stall shower. The primary bedroom is quite spacious and has access to another private patio. This is one of the most beautiful homes in this very desirable neighborhood surrounded by great restaurants, tree-lined streets, and a sense of calm amidst the city.

Last Agent to Sell the Property

Michael Collins

Coldwell Banker Realty License #00963037 Listed on: 03/06/2023

Coldwell Banker Realty

Co-Listed By

Daniel Banchik

Berkshire Hathaway HomeServices California Properties License #01305623

Last Buyer's Agent

Margret Erickson

Keller Williams South Bay License #01884441

Keller Williams South Bay

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,064

Year Built

  • Built in 1929 | Remodeled

Lot Details

  • 2,915 Sq Ft Lot
  • Lot Dimensions are 50x58
  • South Facing Home
  • Property is zoned LAR2

Home Design

  • Spanish Architecture

Interior Spaces

  • 1,394 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Gas Fireplace
  • Plantation Shutters
  • Sliding Doors
  • Entryway
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer Hookup

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5525-025-022

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,064

Year Built

Built in 1929 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Ground Level w/steps
  • Living Area: 1394
  • Lot Acreage: 0.0669
  • Lot Dimensions: 50x58
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1929
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Decorative, Gas, Living Room
  • Flooring: Hardwood, Carpet, Mixed
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Eating Areas: Breakfast Counter / Bar, Breakfast Area, Dining Area
  • Kitchen Features: Granite Counters
  • Laundry: Laundry Closet Stacked, Inside
  • Total Bathrooms: 2.00
  • Equipment: Dishwasher, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup
  • Fireplace: Yes
  • Price Per S Q F T: 1111.19
  • Windows: Plantation Shutters

Exterior Features

  • Direction Faces: South
  • Other Features: Sliding Glass Doors
  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Driveway, Door Opener, Garage - 1 Car
  • Total Parking: 1

Utilities

  • Water Heater: Tankless
  • Cooling: Central
  • Heating: Central
  • Sewer: In Street
  • Water: Public, In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5525-025-022
  • Lot Size Area: 2915

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2023
Closed on
May 4, 2023
Sold by
Lapson Charles Edward
Bought by
Malas Jad and Malas Bryana
Seller's Agent
Michael Collins
Coldwell Banker Realty
Buyer's Agent
Margret Erickson
Keller Williams South Bay
List Price
$1,549,000
Sold Price
$1,549,000
Views
68
Current Estimated Value
$1,634,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,043
Avg. Annual Appreciation
2.21%
Original Mortgage
$1,161,750
Outstanding Balance
$1,120,385
Interest Rate
5%
Mortgage Type
Construction
Estimated Equity
$513,658
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
Malas Jad $1,549,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malas Jad $1,161,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2023 05/17/23 Sold $1,549,000 0.0% $1,111 / Sq Ft
04/11/2023 04/11/23 Pending -- -- --
03/06/2023 03/06/23 For Sale $1,549,000 -- $1,111 / 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 $19,064 $1,611,578 $1,149,537 $462,041
2024 $19,064 $1,579,980 $1,126,998 $452,982
2023 $5,477 $447,256 $408,963 $38,293
2022 $5,225 $438,488 $400,945 $37,543
2021 $5,152 $429,891 $393,084 $36,807
2019 $4,997 $417,142 $381,426 $35,716
2018 $4,942 $408,964 $373,948 $35,016
2016 $4,715 $393,085 $359,428 $33,657
2015 $4,646 $387,182 $354,030 $33,152
2014 $4,666 $379,599 $347,096 $32,503
Source: Public Records

Agents Affiliated with this Home

  • Michael Collins

    Seller's Agent in 2023

    Michael Collins

    Coldwell Banker Realty

    (310) 281-3915

    1 in this area

    71 Total Sales

    Michael Collins
    Section Image
  • Daniel Banchik

    Seller Co-Listing Agent in 2023

    Daniel Banchik

    Berkshire Hathaway HomeServices California Properties

    (310) 503-6436

    2 in this area

    82 Total Sales

    Daniel Banchik
    Section Image
  • Margret Erickson

    Buyer's Agent in 2023

    Margret Erickson

    Keller Williams South Bay

    (310) 505-7493

    1 in this area

    26 Total Sales

    Margret Erickson
    Section Image
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Map

Source: The MLS

MLS Number: 23-247931

The MLS

APN: 5525-025-022

California Los Angeles County Los Angeles 90036 Melrose

7271 Oakwood Ave, Los Angeles, CA

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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