NOT LISTED FOR SALE

7700 Arcola Ave Sun Valley, CA 91352

Sun Valley Neighborhood

Estimated Value: $740,000 - $955,000

2 Beds
1 Bath
889 Sq Ft
$938/Sq Ft Est. Value

Last Sold January 13, 2023

Last sale price $670,000 $754 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,026/month

27 Days on Market

Highlights

  • Wood Flooring
  • Ground Level Unit
  • Enclosed Patio or Porch
  • Verdugo Hills Senior High School Rated A-
  • No HOA
  • Converted Garage

About This Home

As of January 2023

Great Central Valley Location! This charming Sun Valley home is perfect for all First-time Buyers, Contractors and Investors. The property has 2 bedrooms 1 bathroom and is located on a large 8400 sqft lot, perfect for adding an ADU or an addition. The garage has been converted into an extra bedroom with bathroom. There is a large multi-purpose room perfect for entertaining located at the back of the house that opens to a covered back patio. The backyard is spacious with lush landscaping and multiple storage sheds. Property is being sold As-Is. This home has vast potential and opportunity to transform and create the home of your dreams!

Last Agent to Sell the Property

Julian Heaney

Equity Union License #01890838 Listed on: 10/27/2022

Equity Union

Last Buyer's Agent

Gor Akopyan

REMAX OPTIMA License #02154471

REMAX OPTIMA

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1942

Lot Details

  • 8,397 Sq Ft Lot
  • Lot Dimensions are 60x140
  • Property is zoned LAR1

Home Design

  • Bungalow
  • Cosmetic Repairs Needed
  • Fixer Upper

Interior Spaces

  • 889 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Dining Area
  • Alarm System
  • Laundry Located Outside

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Converted Garage
  • Driveway

Outdoor Features

  • Enclosed Patio or Porch
  • Shed

Location

  • Ground Level Unit

Utilities

  • Central Heating and Cooling System
  • Central Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 2405-008-001

Home Details

Home Type

Single Family

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: California Bungalow
  • Levels: Ground Level
  • Street Number Display: Yes
  • Advertising Remarks: Great location! This Sun Valley home is perfect for all First-time Buyers, Contractors and Investors. This 2 bedroom 1 bathroom home is located on a large 8400 sq.ft. lot that is perfect for adding an ADU or an addition. The garage has been converted into an extra bedroom and bathroom. There is a large bonus room located off the kitchen and a covered back patio. The property has mature landscaping and there are storage sheds in the backyard. Property is being sold As-Is. Per Seller; Bathroom in garage and bonus room may have been added without permits. Buyer is responsible to conduct own due diligence of entire property with inspectors and reports by own professionals. Listing agent is related to Seller.
  • Living Area: 889
  • Lot Acreage: 0.1928
  • Lot Dimensions: 60x140
  • Property Condition: Fixer, Repair Cosmetic
  • Stories: 1
  • Year Built: 1942
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Ceramic Tile, Mixed, Carpet, Wood Laminate, Wood
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Outside
  • Total Bathrooms: 1.00
  • Equipment: Alarm System, Ceiling Fan, Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 775.03

Exterior Features

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

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 2

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 2405-008-001
  • Lot Size Area: 8397

Rental Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2022
Closed on
Nov 28, 2022
Sold by
Marisa Ocampo Trust
Bought by
Khachikyan Alen
Seller's Agent
Julian Heaney
Equity Union
Buyer's Agent
Gor Akopyan
REMAX OPTIMA
List Price
$689,000
Sold Price
$670,000
Premium/Discount to List
-$19,000
-2.76%
Views
55
Current Estimated Value
$834,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,221
Avg. Annual Appreciation
7.58%
Original Mortgage
$657,864
Interest Rate
6.75%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 14, 2000
Sold by
Ocampo Marisa
Bought by
Ocampo Marisa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Khachikyan Alen $670,000 Lawyers Title Company
Ocampo Marisa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Khachikyan Alen $657,864
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2023 01/13/23 Sold $670,000 -2.8% $754 / Sq Ft
11/23/2022 11/23/22 Pending -- -- --
11/18/2022 11/18/22 For Sale $689,000 0.0% $775 / Sq Ft
11/05/2022 11/05/22 Pending -- -- --
10/27/2022 10/27/22 For Sale $689,000 -- $775 / 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 $8,489 $697,067 $557,654 $139,413
2024 $8,489 $683,400 $546,720 $136,680
2023 $924 $59,786 $35,312 $24,474
2022 $887 $58,615 $34,620 $23,995
2021 $872 $57,467 $33,942 $23,525
2019 $849 $55,764 $32,936 $22,828
2018 $790 $54,672 $32,291 $22,381
2016 $746 $52,551 $31,038 $21,513
2015 $737 $51,762 $30,572 $21,190
2014 $749 $50,749 $29,974 $20,775
Source: Public Records

Agents Affiliated with this Home

  • Julian Heaney

    Seller's Agent in 2023

    Julian Heaney

    Equity Union

    (310) 728-5244

    1 in this area

    33 Total Sales

    Julian Heaney
    Section Image

  • G

    Buyer's Agent in 2023

    Gor Akopyan

    REMAX OPTIMA

    Section Image
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Map

Source: The MLS

MLS Number: 22-212155

The MLS

APN: 2405-008-001

California Los Angeles County Los Angeles 91352 Sun Valley

7700 Arcola Ave, Los Angeles, CA

Not Listed for Sale

Detached

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