NOT LISTED FOR SALE

Estimated Value: $3,381,000 - $5,143,000

4 Beds
3 Baths
3,589 Sq Ft
$1,160/Sq Ft Est. Value

Last Sold May 05, 2016

Last sale price $2,725,000 $759 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $25,897/month

130 Days on Market

Highlights

  • Gated Parking
  • Maid or Guest Quarters
  • Traditional Architecture
  • City Lights View
  • Living Room with Fireplace
  • Wood Flooring

About This Home

As of May 2016

A spectacular remodel or development opportunity to build a new 6,600+ sq. ft. home nestled behind the Chateau Marmont on a uniquely flat 13,804 sq. ft. lot. First time on market in more than 75 years.

Last Agent to Sell the Property

Jason Oppenheim

The Oppenheim Group, Inc. License #01863254 Listed on: 11/10/2015

The Oppenheim Group, Inc.

Last Buyer's Agent

Brett Oppenheim

Oppenheim Real Estate License #01806667

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $38,456

Year Built

  • Built in 1923

Lot Details

  • 0.32 Acre Lot
  • Property is zoned LARE9

Home Design

  • Traditional Architecture

Interior Spaces

  • 3,589 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Living Room with Fireplace
  • Dining Room
  • City Lights Views

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Maid or Guest Quarters
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Parking

  • Garage
  • Gated Parking

Additional Features

  • Open Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5556-029-005

Home Details

Home Type

Single Family

Est. Annual Taxes

$38,456

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 3589
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 43
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Hardwood, Tile
  • Bedrooms: 4
  • Full Bathroom: 3
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside, Laundry Area
  • Maids Room: 1
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 766.23

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: City, City Lights
  • View: Yes

Garage/Parking

  • Parking Garage: Covered Parking, Detached, Garage - 4+ Car, Garage Is Detached, Gated

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessor Parcel Number: 5556-029-005
  • Geocode Override: No
  • Lot Size Area: 13804

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2015
Closed on
Mar 23, 2016
Sold by
Garcia Mark and Kenosian John
Bought by
Al Design Services Llc
Seller's Agent
Jason Oppenheim
The Oppenheim Group, Inc.
Buyer's Agent
Brett Oppenheim
Oppenheim Real Estate
List Price
$2,895,000
Sold Price
$2,725,000
Premium/Discount to List
-$170,000
-5.87%
Current Estimated Value
$4,164,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,439,597
Avg. Annual Appreciation
4.82%
Original Mortgage
$1,712,000
Outstanding Balance
$1,314,854
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,905,642

Purchase Details

Closed on
Feb 10, 2014
Sold by
Smith Yolanda Ruata and Revocable Living Trust Of Thom
Bought by
Thomas Francis Smith Decedents Trust and Yolanda Ruata Smith Survivors Trust
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
Al Design Services Llc $2,725,000 None Available
Thomas Francis Smith Decedents Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Al Design Services Llc $1,712,000
Previous Owner Smith Yolanda Ruata $200,000
Previous Owner Smith Thomas F $225,000
Previous Owner Smith Thomas Francis $400,000
Previous Owner Smith Thomas Francis $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2016 05/05/16 Sold $2,725,000 -0.9% $759 / Sq Ft
03/19/2016 03/19/16 Pending -- -- --
02/23/2016 02/23/16 Price Changed $2,750,000 -5.0% $766 / Sq Ft
01/02/2016 01/02/16 For Sale $2,895,000 +6.2% $807 / Sq Ft
12/23/2015 12/23/15 Off Market $2,725,000 -- --
11/10/2015 11/10/15 For Sale $2,895,000 -- $807 / 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 $38,456 $4,529,044 $3,225,844 $1,303,200
2024 $38,456 $3,162,593 $3,162,593 --
2023 $37,707 $3,100,582 $3,100,582 $0
2022 $35,949 $3,039,787 $3,039,787 $0
2021 $35,540 $2,980,184 $2,980,184 $0
2019 $34,533 $2,891,791 $2,313,433 $578,358
2018 $34,619 $2,835,090 $2,268,072 $567,018
2016 $2,443 $159,846 $88,208 $71,638
2015 $2,414 $157,446 $86,884 $70,562
2014 $2,435 $154,363 $85,183 $69,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-953589

The MLS

APN: 5556-029-005