NOT LISTED FOR SALE

Estimated Value: $1,628,000 - $2,839,000

2 Beds
2 Baths
1,368 Sq Ft
$1,461/Sq Ft Est. Value

Last Sold October 13, 2022

Last sale price $1,460,000 $1,067 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $12,408/month

29 Days on Market

Highlights

  • Traditional Architecture
  • Breakfast Area or Nook
  • Floor Furnace
  • No HOA
  • Laundry Room
  • East Facing Home

About This Home

As of October 2022

Offers due by Tuesday, September 27th by 5pm. Development Opportunity in West Hollywood area of Los Angeles on 6,891 square foot lot North of Melrose Avenue. The house itself has no value whatever and is a total tear down. It is located on a street and in an area that has seen a milieu of newly built architectural homes. There will be no interior showings except with an accepted offer. This will, because of the nature of the house, have to be CASH ONLY.

Last Agent to Sell the Property

Bruce Mitchell

Compass License #00963197 Listed on: 09/06/2022

Compass

Co-Listed By

Melissa Ellis

Berkshire Hathaway HomeServices California Properties License #01905986

Last Buyer's Agent

Karen Lee

Sunny Realty & Management Inc License #02115305

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,179

Year Built

  • Built in 1923

Lot Details

  • 6,891 Sq Ft Lot
  • Lot Dimensions are 53x130
  • East Facing Home
  • Value in Land
  • Tear Down
  • Property is zoned LAR1

Home Design

  • Traditional Architecture
  • Major Repairs Completed
  • Combination Foundation
  • Composition Roof

Interior Spaces

  • 1,368 Sq Ft Home
  • 1-Story Property
  • Drapes & Rods
  • Living Room with Fireplace
  • Dining Area
  • Carpet
  • Breakfast Area or Nook
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Floor Furnace
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5526-014-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,179

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Ground Level w/steps
  • Living Area: 1368
  • Lot Acreage: 0.1582
  • Lot Dimensions: 53x130
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Value Mainly In Land, Tear Down, Repairs Major
  • Stories: 1
  • Year Built: 1923
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: Main Floor Bedroom
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Tile
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Area
  • Laundry: Inside
  • Total Bathrooms: 2.00
  • Den: 0
  • Fireplace: Yes
  • Price Per S Q F T: 1023.39
  • Windows: Drapes/Curtains

Exterior Features

  • Direction Faces: East
  • Construction: Hard Coat
  • Other Structures: Other
  • Tennis Court Y/N: No
  • Foundation Details: Combination
  • Pool: No
  • Roof: Composition
  • Spa Yn: No
  • View: No

Utilities

  • Water Heater: Gas
  • Heating: Floor Furnace
  • Sewer: In Street Paid
  • Water: District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5526-014-008
  • Lot Description: Single Lot, Tear Down On Lot
  • Lot Size Area: 6891

Rental Info

  • Land Lease Purchase Yn: No

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2022
Closed on
Oct 7, 2022
Sold by
Lee Jenny Heasun
Bought by
Lee Jong Mun
Seller's Agent
Bruce Mitchell
Compass
Buyer's Agent
Karen Lee
Sunny Realty & Management Inc
List Price
$1,400,000
Sold Price
$1,460,000
Premium/Discount to List
$60,000
4.29%
Views
2
Current Estimated Value
$1,999,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$539,128
Avg. Annual Appreciation
11.22%

Purchase Details

Listed on
Sep 6, 2022
Closed on
Oct 3, 2022
Sold by
Kovner Carol
Bought by
Lee Jong Mun
Seller's Agent
Bruce Mitchell
Compass
Buyer's Agent
Karen Lee
Sunny Realty & Management Inc
List Price
$1,400,000
Sold Price
$1,460,000
Premium/Discount to List
$60,000
4.29%
Views
2
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
Lee Jong Mun -- Lawyers Title
Lee Jong Mun $1,460,000 Lawyers Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2022 10/13/22 Sold $1,460,000 +4.3% $1,067 / Sq Ft
09/29/2022 09/29/22 Pending -- -- --
09/23/2022 09/23/22 For Sale $1,400,000 0.0% $1,023 / Sq Ft
09/14/2022 09/14/22 Pending -- -- --
08/31/2022 08/31/22 For Sale $1,400,000 -- $1,023 / 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 $18,179 $1,518,984 $1,518,984 --
2024 $18,179 $1,489,200 $1,489,200 --
2023 $17,828 $1,460,000 $1,460,000 $0
2022 $1,114 $75,483 $60,268 $15,215
2021 $1,090 $74,004 $59,087 $14,917
2019 $1,062 $71,812 $57,336 $14,476
2018 $983 $70,405 $56,212 $14,193
2016 $927 $67,673 $54,030 $13,643
2015 $915 $66,658 $53,219 $13,439
2014 $929 $65,353 $52,177 $13,176
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-196857

The MLS

APN: 5526-014-008