$805,000
SOLD APR 4, 2022

832 Palm Ave Unit 201 West Hollywood, CA 90069

2 Beds
2 Baths
1,482 Sq Ft
$545/mo HOA Fee

Recently Sold

$543 Per Sq Ft

15% Above List Price

10 Days on Market

Highlights

  • In Ground Pool
  • City View
  • Traditional Architecture
  • West Hollywood Elementary School Rated A-
  • 0.33 Acre Lot
  • Den

About This Home

As of November 2023

Seize this opportunity to make your own designer done dream unit in West Hollywood's best location. A blank canvas that is a generously sized 2 bed/2 bath, south facing unit with an open layout. Palm Terrace is a boutique building that offers in unit laundry, two side by side parking spots, and an inviting pool & spa area. Brilliant light, good ceiling height, and ability to create a third bed/den area within this near 1,500 sq ft unit. Good for an Investor seeking a value-add opportunity, or a rare chance for an End User who might be struggling to find the right place.

Last Agent to Sell the Property

Ari Wintraub

Sotheby's International Realty License #01943483 Listed on: 03/07/2022

Sotheby's International Realty

Last Buyer's Agent

Sam Plouchart

Sotheby's International Realty License #01921196

Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,991

Year Built

  • Built in 1981 | Under Construction

HOA Fees

  • $545 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Major Repairs Completed
  • Fixer Upper

Interior Spaces

  • 1,482 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Concrete Flooring
  • City Views
  • Security Lights
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Double Vanity
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Spa

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Gas Water Heater
  • Sewer in Street

Additional Features

  • Balcony
  • South Facing Home

Listing and Financial Details

  • Assessor Parcel Number 4339-010-048

Community Details

Overview

  • Association fees include sewer, water, trash
  • 18 Units

Amenities

  • Community Barbecue Grill
  • Elevator
  • Community Mailbox

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Card or Code Access
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,991

Year Built

Built in 1981 | Under Construction

Lot Details

0

HOA Fees

$545 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Traditional
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: Palm Terrace
  • Entry Floor: 2
  • Entry Location: Living Room
  • Living Area: 1482
  • Lot Acreage: 0.3255
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Fixer, Under Construction, Repairs Major
  • Stories: 1
  • Unit Floor In Building: 2
  • Year Built: 1981
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Number Of Remote Controls: 2
  • Fireplace Rooms: Living Room, Gas
  • Flooring: Cement
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: Master Bedroom
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Shower Over Tub, Shower Stall
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Eating Areas: Breakfast Area, Dining Area
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 1
  • Equipment: Dryer, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 471.66

Exterior Features

  • Direction Faces: South
  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Pool Description: Community
  • Pool: Yes
  • Spa: Community
  • Spa Yn: Yes
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Assigned
  • Total Parking: 2

Utilities

  • Water Heater: Gas
  • Cooling: Air Conditioning, Central
  • Earth Quake Ins: 0
  • Heating: Central
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Exterior Security Lights, Smoke Detector, Card/Code Access
  • Sewer: In Street
  • Water: District

Association/Amenities

  • Community Features: Community Mailbox
  • Amenities: Assoc Barbecue, Spa, Pool, Elevator
  • Pet Rules: Yes

Condo/Co-op/Association

  • Assessments: Yes
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Sewer, Water, Trash
  • HOA Fees: 545.00
  • HOA: Yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4339-010-048
  • Lot Size Area: 14179

Rental Info

  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 18

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2023
Closed on
Oct 5, 2023
Sold by
Javadi Family Trust
Bought by
Hooks Michael Sloan
Seller's Agent
Brad Keyes
Keyes Real Estate
Buyer's Agent
William Rose
The Agency
List Price
$1,095,000
Sold Price
$1,060,000
Premium/Discount to List
-$35,000
-3.2%
Views
234
Current Estimated Value
$1,097,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,505
Avg. Annual Appreciation
1.87%
Original Mortgage
$848,000
Outstanding Balance
$833,066
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$262,039

Purchase Details

Closed on
Feb 4, 2014
Sold by
Engelberg Michael and Engelberg Kathleen
Bought by
Michael/Kathleen Engelberg Living Trust

Purchase Details

Closed on
Jun 27, 2011
Sold by
Engelberg Michael
Bought by
Engelberg Michael and Engelberg Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
4.54%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,060,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Stewart Title Of Nevada
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $848,000 New Conventional
Previous Owner $198,000 New Conventional
Previous Owner $198,000 New Conventional
Previous Owner $210,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2023 11/02/23 Sold $1,060,000 -3.2% $670 / Sq Ft
10/03/2023 10/03/23 Pending -- -- --
08/22/2023 08/22/23 For Sale $1,095,000 +36.0% $692 / Sq Ft
04/04/2022 04/04/22 Sold $805,000 +15.2% $543 / Sq Ft
03/17/2022 03/17/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $699,000 -13.2% $472 / Sq Ft
03/14/2022 03/14/22 Off Market $805,000 -- --
03/07/2022 03/07/22 For Sale $699,000 -- $472 / 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 $12,991 $1,081,200 $649,230 $431,970
2024 $12,991 $1,060,000 $636,500 $423,500
2023 $10,177 $821,100 $306,000 $515,100
2022 $4,396 $353,640 $67,595 $286,045
2021 $4,373 $346,707 $66,270 $280,437
2019 $4,231 $336,425 $64,305 $272,120
2018 $4,192 $329,830 $63,045 $266,785
2016 $4,005 $317,024 $60,598 $256,426
2015 $3,943 $312,263 $59,688 $252,575
2014 $3,945 $306,147 $58,519 $247,628
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-112519

The MLS

APN: 4339-010-048