NOT LISTED FOR SALE

3843 Olmsted Ave Los Angeles, CA 90008

Leimert Park Neighborhood

Estimated Value: $1,191,000 - $1,350,000

3 Beds
2 Baths
1,638 Sq Ft
$761/Sq Ft Est. Value

Last Sold August 02, 2022

Last sale price $1,120,000 $684 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $7,704/month

36 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • 3 Car Garage
  • Spanish Architecture
  • Breakfast Area or Nook
  • Coffered Ceiling

About This Home

As of August 2022

Nestled perfectly in the middle of 1 of Leimert Park's most sought after streets you will find this incredibly designed, 1940 Spanish gem. The beautifully landscaped front yard leads to a grand entrance that opens up to the tremendous living room. With the original character evident in every room, draped arched doorways lead seamlessly between rooms. Each transition and ceiling appointed by hand crafted details. Featuring original wood floors throughout, a large dining room, breakfast nook, 3 sizable bedrooms. This masterpiece is just waiting for a touch of cosmetic modernizing. Recent upgrades include brand new HVAC system (2017) , new windows (2016), electrical panel 2016, Solar (2016), hall skylight + more. Incredible 3 car garage. This is truly the opportunity you have been waiting for.

Last Agent to Sell the Property

Michael Maganza

Brentwood Real Estate Group License #01853463 Listed on: 05/25/2022

Last Buyer's Agent

Carole Solomon

Pacific Playa Realty License #02071833

Pacific Playa Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 6,017 Sq Ft Lot
  • Lot Dimensions are 51x118
  • East Facing Home
  • Property is zoned LAR1

Parking

  • 3 Car Garage
  • Driveway
  • Guest Parking

Home Design

  • Spanish Architecture
  • Raised Foundation

Interior Spaces

  • 1,638 Sq Ft Home
  • 1-Story Property
  • Coffered Ceiling
  • Living Room
  • Dining Room
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Gas Cooktop

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5033-017-040

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Spanish
  • Street Number Display: Yes
  • Living Area: 1638
  • Lot Acreage: 0.1381
  • Lot Dimensions: 51x118
  • Probate: No
  • Stories: 1
  • Year Built: 1940
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Coffered Ceiling(s)
  • Fireplace Rooms: Gas and Wood
  • Flooring: Wood
  • Appliances: Cooktop - Gas
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower and Tub
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Dining Area
  • Laundry: Laundry Area
  • Total Bathrooms: 2.00
  • Equipment: Range/Oven, Refrigerator, Gas Dryer Hookup
  • Price Per S Q F T: 686.81

Exterior Features

  • Direction Faces: East
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Garage Spaces: 3
  • Covered Parking: 3
  • Parking Garage: Driveway, Parking for Guests, Garage Is Detached
  • Total Parking: 3

Utilities

  • Volt 220: 220V Throughout
  • Cooling: Air Conditioning, Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5033-017-040
  • Lot Size Area: 6017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2022
Closed on
Jul 20, 2022
Sold by
Redman Matthew C
Bought by
Matthews Kyle and Matthews Randi
Seller's Agent
Michael Maganza
Brentwood Real Estate Group
Buyer's Agent
Carole Solomon
Pacific Playa Realty
List Price
$1,150,000
Sold Price
$1,120,000
Premium/Discount to List
-$30,000
-2.61%
Current Estimated Value
$1,247,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,049
Avg. Annual Appreciation
3.23%
Original Mortgage
$952,000
Outstanding Balance
$910,896
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$336,153

Purchase Details

Closed on
Feb 23, 2022
Sold by
Redman Matthew C
Bought by
Redman Matthew C and Yniguez Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$638,000
Interest Rate
3.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2016
Sold by
Redman Matthew C
Bought by
Redman Matthew C

Purchase Details

Listed on
Jun 18, 2013
Closed on
Jul 17, 2013
Sold by
Jefferson Nyla
Bought by
Redman Matthew C and Redman Terry D
Seller's Agent
Mel Thornton
The Thornton Group
Buyer's Agent
Michael Maganza
Brentwood Real Estate Group
List Price
$460,000
Sold Price
$445,000
Premium/Discount to List
-$15,000
-3.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.75%
Original Mortgage
$422,750
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 13, 2007
Sold by
Jefferson George
Bought by
Jefferson Annie

Purchase Details

Closed on
Aug 23, 2000
Sold by
Kawakami Tetsuo Frank
Bought by
Jefferson David and Jefferson Nyla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
8.01%

Purchase Details

Closed on
Oct 5, 1994
Sold by
Kawakami Gen
Bought by
Kawakami Gen and Kawakami Trust
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
Matthews Kyle $1,120,000 Lawyers Title
Redman Matthew C -- Equity Title
Redman Matthew C -- None Available
Redman Matthew C $445,000 Title 365
Jefferson Annie -- None Available
Jefferson David $208,000 Commonwealth Title
Kawakami Gen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matthews Kyle $952,000
Previous Owner Redman Matthew C $638,000
Previous Owner Redman Matthew C $422,750
Previous Owner Jefferson David $208,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/02/2022 08/02/22 Sold $1,120,000 -0.4% $684 / Sq Ft
06/30/2022 06/30/22 Pending -- -- --
06/28/2022 06/28/22 Price Changed $1,125,000 -2.2% $687 / Sq Ft
06/17/2022 06/17/22 For Sale $1,150,000 0.0% $702 / Sq Ft
06/05/2022 06/05/22 Pending -- -- --
05/25/2022 05/25/22 For Sale $1,150,000 +158.4% $702 / Sq Ft
09/11/2013 09/11/13 Sold $445,000 -3.3% $272 / Sq Ft View Prior Sale
06/26/2013 06/26/13 Pending -- -- --
06/18/2013 06/18/13 For Sale $460,000 -- $281 / 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 $14,050 $1,165,247 $932,198 $233,049
2024 $14,050 $1,142,400 $913,920 $228,480
2023 $13,782 $1,120,000 $896,000 $224,000
2022 $6,257 $514,036 $403,839 $110,197
2021 $19,496 $503,958 $395,921 $108,037
2019 $19,314 $489,013 $384,179 $104,834
2018 $19,204 $479,426 $376,647 $102,779
2017 $20,035 $550,191 $389,650 $160,541
2016 $8,968 $460,811 $362,022 $98,789
2015 $5,616 $453,891 $356,585 $97,306
2014 $5,642 $445,000 $349,600 $95,400
Source: Public Records

Agents Affiliated with this Home

  • Michael Maganza

    Seller's Agent in 2022

    Michael Maganza

    Brentwood Real Estate Group

    (917) 757-0519

    2 in this area

    32 Total Sales

    Michael Maganza
    Section Image
  • Carole Solomon

    Buyer's Agent in 2022

    Carole Solomon

    Pacific Playa Realty

    (310) 256-3038

    3 in this area

    23 Total Sales

    Carole Solomon
    Section Image
  • Teresa Mack

    Buyer Co-Listing Agent in 2022

    Teresa Mack

    Pacific Playa Realty

    (323) 377-9379

    7 in this area

    114 Total Sales

    Teresa Mack
    Section Image

  • M

    Seller's Agent in 2013

    Mel Thornton

    The Thornton Group

    Section Image
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Map

Source: The MLS

MLS Number: 22-158721

The MLS

APN: 5033-017-040

California Los Angeles County Los Angeles 90008 Leimert Park

3843 Olmsted Ave, Los Angeles, CA

Not Listed for Sale

Detached

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