716 Terrace 49 Los Angeles, CA 90042

$925,000 Sold Price as of 01/08/2021

-- Beds
-- Baths
-- Sq.Ft.

Off Market

$925,000 Sold Price as of 01/08/2021 Refinance Your Mortgage

Map preview of 716 Terrace 49, Los Angeles, CA 90042

Property Overview: 716 Terrace 49 Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 7,499 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

716 Terrace 49 is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 716 Terrace 49

Last sold for $925,000 on January 8th, 2021

June, 2024
Jun 30, 2024

Date

Expired

CRMLS: 24343563

$1,699,000

Price
Jan 5, 2024

Date

Active

CRMLS: 24343563

$1,699,000

Price
Listing provided courtesy of CRMLS

Address is 716 Terrace 49, Los Angeles, CA 90042! Welcome to a Highland Park haven nestled at the base of Mount Washington in a private neighborhood, offering beautiful tree top and San Gabriel Mountain views. This spacious property boasts 2 separate houses on one lot (main house and similar sized ADU built in 2022), creating a rare and versatile compound. The main home spans ~1,075 sq ft and features three bedrooms and two bathrooms. As you enter, you're greeted by a spacious and open layout, ideal for hosting and entertaining. The chef's kitchen has wood cabinetry, granite countertops, and is equipped with stainless steel appliances and a center island. There is a lovely front patio to enjoy your morning coffee or tea and a private backyard, separated by Ficus hedges, ensuring a serene and private outdoor space. But the allure doesn't end there the ADU mentioned, newly built in 2022 presents an exceptional rental income opportunity. This ~1,200 sq ft dwelling boasts two bedrooms and two and a half bathrooms, and an abundance of natural light through numerous windows and skylights. The kitchen features modern white cabinetry and countertops, complete with appliances. High ceilings add to the sense of space, and the primary bedroom extends its appeal with a private balcony and its own separated grassy yard space. This expansive compound caters to a variety of lifestyles, making it a rare find for families desiring two separate dwellings, owner-user investors starting their real estate journey, or seasoned investors looking to enhance their portfolio. Don't miss the chance to call this Highland Park retreat your home a harmonious blend of comfort, style, and investment potential. Ideally situated just moments away from the vibrant Highland Park shops and restaurants, Eagle Rock, and Downtown LA.

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January, 2024
Jan 1, 2024

Date

Expired

CRMLS: 23327849

$1,699,000

Price
Nov 3, 2023

Date

Active

CRMLS: 23327849

$1,599,000

Price
Listing provided courtesy of CRMLS

TWO HOUSES ON A LARGE LOT HIGHLAND PARK! Both houses are about 1100 sq ft... Live in one and rent one out, have a family compound or rent both out, there are so many possibilities! Address is 716 Terrace 49, Los Angeles, CA 90042. The property is situated in a highly desirable area of Highland Park/Mt. Washington and Eagle Rock adj. The property consists of 2 separate structures totaling 5 bedrooms, 4.5 bathrooms, and almost 2,200 sq ft of living space along with a 400 sq ft 2-car garage! Larger 7,501 sq ft lot provides ample room for the entire family. This is a gem that won't last! The front house was built from the ground up in 2007 and has 3 bedrooms, 2 bathrooms and large front and back yards with 1,075 sq ft of living space and a 200 sq ft front porch. The house in the back was newly built in 2022 and has 2 bedrooms, 2.5 bathrooms, 1,112 sq ft of living space, a large yard and an attached 400 sq ft 2-car garage. The property is perfect for extended families or for those who are looking for great rental income. Live in the front or back houses and rent out the other, or have extended family live on the same property! Both units are being rented for $4,200 EACH. The long driveway offers ample parking spaces. Convenient to Highland Park's best restaurants and shops and just minutes to the 110, 5 and 2 freeways. Dodgers Stadium, the Rose Bowl, Union Station, Downtown Los Angeles, Pasadena and Glendale are also a short drive away. This property and location offers many attractive possibilities! 3D Links: https://my.matterport.com/show/?m=CJPM8jUdVeo https://my.matterport.com/show/?m=GnNWDtCfDBM

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January, 2021
Jan 8, 2021

Date

Sold

CRMLS: CV20210275

$925,000

Price
Dec 16, 2020

Date

Pending

CRMLS: CV20210275

$949,888

Price
Dec 1, 2020

Date

Active Under Contract

CRMLS: CV20210275

$949,888

Price
Oct 25, 2020

Date

Active

CRMLS: CV20210275

$949,888

Price
Oct 6, 2020

Date

Coming Soon

CRMLS: CV20210275

$949,888

Price
Listing provided courtesy of CRMLS

Virtual staging * One of the few larger lots in the highly desired Highland Park!! Nestled at the base of Mount Washington in accessible and private neighborhood with magnificent views of the San Gabriel Mountains. Mt. Washington Heidleberg Park. 18 acres of Santa Monica Conservancy protected land that features excellent hiking. Near Occidental College, minutes to DTLA, Old Town Pasadena, Dodger Stadium, the Los Angeles Winery, property is close to the centers of Highland Park's new commercial activity - Figueroa & York Blvd, Metro Gold line and so much more! Gentrification area! investors come see this home and one of the very few homes that sit on nearly 8000 sq ft land. Room to add another home and an ADU! This lot per title: three lots with one APN number. This home was gutted and completely torn down and rebuilt in 2007! All plans will be handed over to buyer. Newer windows, to code sprinkler system, new kitchen cabinets,new bathrooms, new flooring and very well maintained home. A great home to live in while building on to and one of the few homes with a two car garage and a view of the city from the back porch and potentially from your ADU that you build above the garage! Your imagination and this size lot will be a dream come true to live in such a great location. This particular street has new builds and pride of ownership. Next door is new construction which will only bring value to the next owner of this gem! https://my.matterport.com/show/?m=bENSSBMSAVq

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January, 2021
Jan 8, 2021

Date

Sold (Public Records)

Public Records

$925,000

Price
August, 2006
Aug 31, 2006

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 716 Terrace 49

Assessed Value (2020): $254,994

Year	Land Value	Improved Value	Assessed Value
2020	$75,756	$179,238	$254,994

About 716 Terrace 49

Detailed summary of property

716 Terrace 49 is a single family home in Los Angeles, CA 90042 and last sold on January 8, 2021 for $925,000. This house has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 7,499 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 17.41% lower than the current median priced home. 716 Terrace 49 was last sold on January 8, 2021 for $925,000. Local nearby listings include 479 Crane Blvd, 1310 Armadale Ave and 1046 Oban Dr. The average home in Los Angeles, CA is selling in 106 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. If you are the homeowner and looking to sell the home at 716 Terrace 49 Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 716 Terrace 49

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: --
Lot Size: 7,499
Stories: --

Type: Single Family Residential
Pool: No
Spa: No
County: Los Angeles
Lot#: 22-24
APN: 5471-015-031

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$999,000

Median List Price/Sq.Ft.

$807

Median Sold Price

$1,210,001

Median Sold Price/Sq.Ft.

$863

Total Inventory

122

Median Sale to List Price %

121.12%

Avg Days on Market

Loan Type

Conventional (20%), FHA (0%), VA (0%), Cash (16.67%), Other (16.67%)

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