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5637 Observation Ln, Los Angeles, CA 90028
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5637 Observation Ln Los Angeles, CA 90028

$1,027,500
  • 3 Beds
  • 3 Baths
  • 1,394 Sq.Ft.
For Sale
$1,027,500 Get Pre-Qualified
Map preview of 5637 Observation Ln, Los Angeles, CA 90028

Property Overview: 5637 Observation Ln Los Angeles, CA has 3 bedrooms, 3 bathrooms, 1,394 living square feet and 1,000 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: SWEET HOME IN THE MIDDLE OF HOLLYWOOD - this home is located in the Franklin Village neighborhood. This 10 years new home comes with 3 bedrooms and 3 bathrooms and stunning 360-degree view of the downtown on the rooftop terrace. 360-degree view includes view of Hollywood Hills, Griffith Observatory, Hollywood downtown, and LA downtown. This beautiful home is just few steps away from the LA Metro station, Franklin Village, restaurants, bars, shops, and entertainment. Comes with attached 2 car garage and main entrance on the 1st floor, 2nd floor has great room with beautiful kitchen and a full bath and bedroom, there are two bedrooms with its own bathroom on the 3rd floor, and walk up to the rooftop terrace where you can enjoy views, sunbathe, and barbeque! This well maintained community was built 2014 and has very low HOA dues. Don't miss this great opportunity.

Listed by LARRY MIN | BRE #01782954 | UNIVERSITY REALTY INC.
Last checked: 6 minutes ago | Last updated: July 3rd, 2024 | Source CRMLS | DOM: 2
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Home details

Lot Sq. Ft
1,000
HOA Dues
$141/mo
Year built
2014
Garage
2 Car
Property Type:
Single Family Home
Status
Active
MLS#
EV24135235
City
Los Angeles
County
Los Angeles
Time on Site
2 days

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Property Details for 5637 Observation Ln

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • In Closet
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Downstairs Bedrooms: 0
  • Downstairs Bathrooms: 0
  • All Bedrooms Down, Great Room
Bathroom Information
  • # of Baths (Full): 3
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Attached Garage
Lot Information
  • Lot Features: Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: Condominium
Property Information
  • Has View
  • View: City Lights, Hills, Landmark, Panoramic
  • Common Walls: 2+ Common Walls
  • Total # of Units: 32
  • Parcel Number: 5544001041
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Name: Gramercy at Hollywood
  • Association Fee: $141 (Monthly)
  • Association Amenities: Maintenance Grounds, Maintenance Front Yard
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Schools
School Information
  • High School District: Los Angeles Unified
Location / Neighborhood
Location Information
  • Directions: From Hollywood Blvd, North on Gramercy, Left on Observation
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 5637 Observation Ln

Last sold for $753,000 on May 24th, 2016

  • July, 2024

  • Jul 2, 2024

    Date

    Active

    CRMLS: EV24135235

    $102,750

    Price

  • May, 2016

  • May 24, 2016

    Date

    Sold (Public Records)

    Public Records

    $753,000

    Price

  • November, 2014

  • Nov 25, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 5637 Observation Ln

Assessed Value (2020): $815,069
Year Land Value Improved Value Assessed Value
2020 $576,177 $238,892 $815,069

Home Value Compared to the Market

This property vs the competition

5637 Observation Ln is listed 14.37% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $737.09 per/sqft which puts the price per square foot 4.52% lower than the median price per square foot for the city of Los Angeles.

About 5637 Observation Ln

Detailed summary of property

5637 Observation Ln is a single family home located in Los Angeles, CA 90028 and is currently for sale. This house offers 3 bedrooms, 3 bathrooms, roughly 1,394 living square feet, and sits on an approximately 1,000 square foot lot. 5637 Observation Ln was first listed on ArdentRealEstateGroup.com on July 2, 2024. The homeowner is currently asking $1,027,500 and was originally asking $102,750. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 14.37% lower than the median priced home. Local competing homes currently for sale include 1624 N Normandie Ave #A, 1624 N Normandie Ave #B and 1624 N Normandie Ave #D. 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 100 days, 5637 Observation Ln has a days on market of 2 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 5637 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 5637 Observation Ln

Public county record property details
Beds
2
Baths
3
Year built
2014
Sq. Ft.
1,394
Lot Size
1,000
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
5544-001-041

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
$1,149,000
Median List Price/Sq.Ft.
$695
Median Sold Price
$1,400,000
Median Sold Price/Sq.Ft.
$808
Total Inventory
46
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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