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5626 Observation Ln, Los Angeles, CA 90028
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5626 Observation Ln Los Angeles, CA 90028

$1,240,000 Sold Price as of 09/17/2021
  • 3 Beds
  • 4 Baths
  • 1,805 Sq.Ft.
Sold
$1,240,000 Sold Price as of 09/17/2021 Refinance Your Mortgage
Map preview of 5626 Observation Ln, Los Angeles, CA 90028

Property Overview: 5626 Observation Ln Los Angeles, CA has 3 bedrooms, 4 bathrooms, 1,805 living square feet and 2,700 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: City living at it's best! Welcome home to this incredible single family home built in 2014 w/private roof deck featuring panoramic views of Griffith Park Observatory, the Hollywood Hills and STUNNING Hollywood sunsets . 3 bedrooms, 3 full baths all en-suite + 1/2 bath on the main entertaining level. The best home in the complex, an end cap w/no attached walls. This was the model home so upgrades throughout including luxury stone and tile, premium flooring, custom built-ins, and a gigantic waterfall island. Two large primary bedrooms with en suite baths, premium fixtures and walk-in closets and the third bedroom and en suite bath on the entrance level offers room for the perfect WFH office and/or home gym. The best part of this home is the private rooftop deck( with custom hardwood flooring) and amazing views for the perfect sunset dinner and entertaining friends.

Listed by Andrew Jevin | BRE #01951046 | Compass
Last checked: 13 minutes ago | Last updated: October 13th, 2021 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
2,700
HOA Dues
$141/mo
Year built
2014
Garage
2 Car
Property Type:
Single Family Home
Status
Sold
MLS#
21764170
City
Los Angeles
County
Los Angeles
Time on Site
1080 days

Property Details for 5626 Observation Ln

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile, Wood, Vinyl
  • Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Bathroom Information
  • # of Baths (Full): 4
  • # of Baths (1/2): 0
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage - Two Door
  • Has Attached Garage
Property Information
  • Has View
  • View: Hills, City Lights
  • Parcel Number: 5544001031
  • Architectural Style: Modern
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Fee: $141 (Monthly)
Location / Neighborhood
Location Information
  • Directions: Observation is a cul-de-sac street located off of N Gramercy Pl, between Hollywood Blvd and Franklin Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 5626 Observation Ln

Last sold for $1,240,000 on September 17th, 2021

  • August, 2021

  • Aug 5, 2021

    Date

    Active Under Contract

    CRMLS: 21764170

    $1,149,000

    Price

  • Jul 23, 2021

    Date

    Active

    CRMLS: 21764170

    $1,149,000

    Price

  • June, 2018

  • Jun 18, 2018

    Date

    Sold

    CRMLS: 18332220

    $1,048,000

    Price

  • May 14, 2018

    Date

    Active Under Contract

    CRMLS: 18332220

    $1,058,000

    Price

  • May 8, 2018

    Date

    Price Change

    CRMLS: 18332220

    $1,058,000

    Price

  • Apr 11, 2018

    Date

    Active

    CRMLS: 18332220

    $1,199,000

    Price

  • Listing provided courtesy of CRMLS

    MASSIVE PRICE REDUCTION....owner says "NO REASONABLE OFFER REFUSED!!" IT'S HERE....the most coveted residence at Gramercy at Hollywood! Prominent positioning in the development offers expansive views. Stunning builder/designer upgrades include; luxury stone, tile and hardwood flooring, custom built-ins, speakers, massive kitchen island with exquisite waterfall edges for the ultimate in sleek and chic. Two large mater bedrooms with en suite baths, premium fixtures and walk-in closets and the third bedroom and en suite bath on the entrance level offers the ultimate in privacy. Lush vistas abound from all windows. Your oversized private rooftop deck is the perfect urban oasis for entertaining or a quiet evening alone to enjoy the most delicious Southern California sunsets.

  • June, 2018

  • Jun 15, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,048,000

    Price

  • June, 2015

  • Jun 30, 2015

    Date

    Sold (Public Records)

    Public Records

    $970,000

    Price

Show More

Tax History for 5626 Observation Ln

Assessed Value (2020): $1,090,339
Year Land Value Improved Value Assessed Value
2020 $832,320 $258,019 $1,090,339

Home Value Compared to the Market

This property vs the competition

5626 Observation Ln sold on September 17, 2021 for 9.81% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $636.57 per/sqft which puts the price per square foot 19.52% lower than the current median sale per square foot for the city of Los Angeles.

About 5626 Observation Ln

Detailed summary of property

5626 Observation Ln is a single family home that recently sold in Los Angeles, CA 90028. This house offered 3 bedrooms, 4 bathrooms, roughly 1,805 living square feet, and sits on an approximately 2,700 square foot lot. 5626 Observation Ln was first listed on ArdentRealEstateGroup.com on July 23, 2021. The homeowner sold the property for $1,240,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 9.81% lower than the current median priced home. Local homes that are currently for sale include 6250 Hollywood Blvd #6G, 1248 Lodi Pl and 6250 Hollywood Blvd #Penthouse 12G. This home does have a Homeowners Association and the monthly fee is $141 per month. While the average home in Los Angeles, CA is selling in 102 days, 5626 Observation Ln has a days on market of 14 days. There are currently 3917 homes for sale in the Los Angeles real estate market and 2621 of them are single family homes while 1181 of them are condos and 107 are townhomes. For more information on this home for sale at 5626 Observation Ln Los Angeles, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5626 Observation Ln

Public county record property details
Beds
3
Baths
4
Year built
2014
Sq. Ft.
1,805
Lot Size
2,699
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5544-001-031

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$717
Median Sold Price
$1,400,000
Median Sold Price/Sq.Ft.
$808
Total Inventory
45
Median Sale to List Price %
112.09%
Avg Days on Market
58
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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