NOT LISTED FOR SALE

8450 Oakwood Ave Los Angeles, CA 90048

Beverly Grove Neighborhood

Estimated Value: $2,260,000 - $2,472,000

4 Beds
3 Baths
2,650 Sq Ft
$899/Sq Ft Est. Value

Last Sold December 17, 2020

Last sale price $1,950,000 $736 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $15,083/month

49 Days on Market

Highlights

  • Traditional Architecture
  • 2 Car Garage
  • 1-Story Property
  • Wood Flooring
  • Central Heating and Cooling System

About This Home

As of December 2020

Beautiful side-by-side 1940s traditional duplex on the corner of Oakwood Ave and Alfred Street. Perfect layout with one unit entrance on Oakwood and one unit entrance on Alfred, giving both a single-family feel. Huge corner lot of 7,750 square feet. Both units completely updated with designer renovations. 8450 Oakwood Ave is 2 bedrooms and 2 bathrooms, with an amazing private backyard, outdoor kitchen & BBQ, separate media/screening room, and 2-car garage with brand new electric door. 368 N Alfred St is 2 bedrooms and 1 bathroom with a private side patio. Both units have central A/C & heat, full-size washer dryers, fully upgraded copper plumbing, new electrical systems, and custom remodeled kitchens and bathrooms. Roof recently replaced and the entire property was painted less than 2 years ago. Amazing Beverly Grove location, walking distance to the best of Beverly Blvd and La Cienega Blvd.

Last Agent to Sell the Property

Adam Corleto

Maywood Property Group License #01488562 Listed on: 08/27/2020

Last Buyer's Agent

Adam Kanizo

Dylan Raquel Real Estate License #02008361

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,205

Year Built

  • Built in 1940 | Remodeled

Lot Details

  • 7,757

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Traditional Architecture

Interior Spaces

  • 2,650 Sq Ft Home
  • 1-Story Property
  • Prewired Security

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • 7,757 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 5514-011-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,205

Year Built

Built in 1940 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Street Number Display: Yes
  • Living Area: 2650
  • Lot Acreage: 0.1781
  • Property Condition: Updated/Remodeled
  • Stories: 1
  • Year Built: 1940
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Ceramic Tile, Hardwood
  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 826.42

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Garage Is Detached
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Prewired for alarm system
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 33.33
  • Assessed Improvement Value: 331170
  • Assessed Land Percent: 66.67
  • Assessed Land Value: 662342
  • Total Assessed Value: 993512
  • Assessor Parcel Number: 5514-011-001
  • Lot Size Area: 7757

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 18.60
  • Number Of Units: 2
  • Total Annual Expense: 15000
  • Type Of Units: Duplex
  • Vacancy Rate: none

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2020
Closed on
Dec 11, 2020
Sold by
Corleto Richard A
Bought by
Pustilnikov Mola
Seller's Agent
Adam Corleto
Maywood Property Group
Buyer's Agent
Adam Kanizo
Dylan Raquel Real Estate
List Price
$2,190,000
Sold Price
$1,950,000
Premium/Discount to List
-$240,000
-10.96%
Current Estimated Value
$2,382,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$432,679
Avg. Annual Appreciation
4.93%
Original Mortgage
$212,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2011
Sold by
Corleto Emily
Bought by
Corleto Richard A

Purchase Details

Closed on
May 31, 2011
Sold by
Corleto Richard A and The Richard A Corleto Defined
Bought by
Corleto Richard A

Purchase Details

Closed on
Feb 1, 2010
Sold by
Corleto Adam M and Corleto Melissa
Bought by
Corleto Richard A and Defined Benefit Pension Plan Retirement

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$699,000
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2009
Sold by
Corelto Adam M and Benton Melissa
Bought by
Corleto Adam M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$699,000
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2006
Sold by
Corleto Richard A and Corleto Defined Bene Richard A
Bought by
Corleto Adam M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2004
Sold by
Feinberg Gavin P and The Gavin P Feinberg Living Tr
Bought by
Corleto Richard A and The Richard A Corleto Defined Benefit Re

Purchase Details

Closed on
Feb 3, 2004
Sold by
Feinberg Gavin P
Bought by
Feinberg Gavin P and The Gavin P Feinberg Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
5.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2003
Sold by
Feinberg Gavin P
Bought by
Feinberg Gavin P and The Gavin P Feinberg Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
6.37%

Purchase Details

Closed on
Feb 5, 2003
Sold by
Kurmins Silvija Tubelis and Tubelis Kurmins Trust
Bought by
Feinberg Gavin P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
6.37%

Purchase Details

Closed on
Jul 17, 2002
Sold by
Tubelis Kurmins Silvija
Bought by
Tubelis Kurmins Silvija and Tubelis Kurmins Trust

Purchase Details

Closed on
Feb 7, 1995
Sold by
Kurmins Andre and Tubelis Kurmins Silvija
Bought by
Kurmins Andre and Tubelis Kurmins Silvija

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
8.86%

Purchase Details

Closed on
Feb 2, 1995
Sold by
Kurmins Andre and Kurmins Silvija Tubelis
Bought by
Kurmins Andre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
8.86%
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
Pustilnikov Mola $1,950,000 First American Title Company
Corleto Richard A -- None Available
Corleto Richard A -- None Available
Corleto Richard A -- None Available
Corleto Adam M -- Lawyers Title Company
Corleto Adam M -- Southland Title Company
Corleto Richard A $999,000 California Title
Feinberg Gavin P -- Fidelity National Title Co
Feinberg Gavin P -- Fidelity National Title Co
Feinberg Gavin P -- --
Feinberg Gavin P $665,000 Fidelity
Tubelis Kurmins Silvija -- --
Kurmins Andre -- Commonwealth Land Title Co
Kurmins Andre -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pustilnikov Mola $1,331,500
Closed Pustilnikov Mola $212,000
Closed Pustilnikov Mola $100,000
Previous Owner Corleto Richard A $625,000
Previous Owner Corleto Richard A $630,000
Previous Owner Corleto Richard A $693,000
Previous Owner Corleto Richard A $693,750
Previous Owner Corleto Richard A $700,000
Previous Owner Corleto Adam M $699,000
Previous Owner Corleto Adam M $533,850
Previous Owner Corleto Adam M $400,000
Previous Owner Feinberg Gavin P $532,000
Previous Owner Feinberg Gavin P $532,000
Previous Owner Kurmins Andre $195,000
Closed Feinberg Gavin P $66,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2020 12/17/20 Sold $1,950,000 -11.0% $736 / Sq Ft
10/15/2020 10/15/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $2,190,000 -- $826 / 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 $25,205 $2,110,741 $1,353,040 $757,701
2024 $25,205 $2,069,355 $1,326,510 $742,845
2023 $24,716 $2,028,780 $1,300,500 $728,280
2022 $23,563 $1,989,000 $1,275,000 $714,000
2021 $23,278 $1,950,000 $1,250,000 $700,000
2020 $13,011 $1,054,318 $702,880 $351,438
2019 $12,496 $1,033,647 $689,099 $344,548
2018 $12,430 $1,013,381 $675,588 $337,793
2016 $11,885 $974,032 $649,355 $324,677
2015 $11,712 $959,403 $639,602 $319,801
2014 $11,758 $940,611 $627,074 $313,537
Source: Public Records

Agents Affiliated with this Home

  • Adam Corleto

    Seller's Agent in 2020

    Adam Corleto

    Maywood Property Group

    (310) 650-9696

    1 in this area

    5 Total Sales

    Adam Corleto
    Section Image

  • A

    Buyer's Agent in 2020

    Adam Kanizo

    Dylan Raquel Real Estate

    Section Image
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Map

Source: The MLS

MLS Number: 20-621660

The MLS

APN: 5514-011-001

California Los Angeles County Los Angeles 90048 Beverly Grove

8450 Oakwood Ave, Los Angeles, CA

This home is located at 8450 Oakwood Ave, Los Angeles, CA 90048 since 27 August 2020 and is currently estimated at $2,382,679, approximately $899 per square foot. This property was built in 1940. 8450 Oakwood Ave is a home located in Los Angeles County with nearby schools including Rosewood Avenue Elementary School, John Burroughs Middle School, and Fairfax High School.

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