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759 N Las Palmas Ave, Los Angeles, CA 90038
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759 N Las Palmas Ave Los Angeles, CA 90038

$2,106,000 Sold Price as of 03/24/2022
  • 4 Beds
  • 2 Baths
  • 2,635 Sq.Ft.
Sold
$2,106,000 Sold Price as of 03/24/2022 Refinance Your Mortgage
Map preview of 759 N Las Palmas Ave, Los Angeles, CA 90038

Property Overview: 759 N Las Palmas Ave Los Angeles, CA has 4 bedrooms, 2 bathrooms, 2,635 living square feet and 7,216 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Introducing this rare opportunity to own two homes on a single lot in this coveted N. Hancock Park/Melrose adjacent location. Situated on a beautiful tree-lined street, this ideally located Duplex resides on a corner-lot providing both private and secure yards for each residence. Both homes are two bedrooms, one bathroom, and have a large one car garage; both will be delivered vacant!! The Las Palmas home features a private grass front yard, a step-up covered porch, a remodeled open kitchen, hardwood floors, a center hall floor plan, a large storage closet with built-ins for wine and audio storage. The home is also outfitted with an AV system, with surround sound installed in every room. Note the two patios, one has a great sitting area in the rear. Exit the front home thru a side gate and you see the garage parking and entry to the second home on Waring. Note the additional room for parking in front of the garages. This 2-bed home also has a step-up porch, hardwood floors, a center hall floorplan, a center storage closet and two side yards. Waring has great potential to remodel and make into an open floor plan. Note the Batchelder Fireplace. The lot, zoning and garage spaces may provide possibilities to build-out further or add a studio. Great long term location and investment. Delivered vacant!!

Listed by Diane Forbes Halliburton | BRE #01839884 | Compass
Co-listed by Randy Forbes | BRE #01066294 | Compass
Last checked: 2 minutes ago | Last updated: April 13th, 2023 | Source CRMLS | DOM: 14

Home details

Lot Sq. Ft
7,216
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22121865
City
Los Angeles
County
Los Angeles
Time on Site
830 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $4,900
  • Total Rent: $4,900
  • Pro Forma/Market Rent: $5,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,700
  • Total Rent: $3,700
  • Pro Forma/Market Rent: $4,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 759 N Las Palmas Ave

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Wood
  • Jack & Jill, Utility Room, Walk-In Closet, Living Room, Master Bathroom
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Ceiling Fan(s)
  • Levels: One
  • Window Features: French/Mullioned
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
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 Parking Spaces: 4
  • Has Parking
  • Parking Features: Side by Side, Covered, Private
Lot Information
  • Lot Features: Front Yard, Landscaped, Lawn
Property Information
  • Has View
  • Total # of Units: 2
  • Parcel Number: 5524010001
  • Architectural Style: Traditional
  • Accessibility Features: None
  • Property Condition: Additions/Alterations
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: South of Santa Monica Blvd., North of Melrose Ave., East of North Highland
View more facts & features

Local Los Angeles Agent

Sale History for 759 N Las Palmas Ave

Last sold for $2,106,000 on March 24th, 2022

  • March, 2022

  • Mar 24, 2022

    Date

    Sold

    CRMLS: 22121865

    $2,106,000

    Price

  • Jan 31, 2022

    Date

    Active

    CRMLS: 22121865

    $1,935,000

    Price

  • August, 2021

  • Aug 3, 2021

    Date

    Canceled

    CRMLS: 221002895

    $1,790,000

    Price

  • Jun 2, 2021

    Date

    Price Change

    CRMLS: 221002895

    $1,790,000

    Price

  • May 29, 2021

    Date

    Active

    CRMLS: 221002895

    $1,650,000

    Price

  • Listing provided courtesy of CRMLS

    Main house recent rent was $4,350 per month and the back house $3,750 per month.Total rent income $8,100 per monthBoth houses are currently vacant.Charming, restored Hancock park Adjacent on a beautiful tree lined street. This well located property has two California bungalows on a 7,200 sf corner lot. Each house approximately 1,320 sf with 2 bedroom & 1 bathroom with a private, fenced front-yard and charming back yard. Totally renovated about 10 years ago with many upgrades. Detached 2-car garage plus drive-way parking space for two more car. Located one block from Melrose and Highland and adjacent to Hancock Park and Hollywood media district and studios.759 N LAS PALMAS AVE:2 bedrooms (master has French doors to back yard)1 bathroom (totally renovated)Renovated kitchen with an island, Thermador stove, Bosch dishwasher & moreCentral air conditioning/heatingWasher/ dryer inside the houseRestored original hardwood floors (living room, bedrooms)Detached parking garagePrivate fenced front yardCharming zen backyardMature landscapingWorking fire placeBuilt-in audio component rack and high-quality ceiling-mounted speakers in all roomsWindows and French doors throughout the house6608 WARING AVE:2 bedrooms1 bathroom (totally renovated)Gas heater & mini-split A/C in all roomsWasher/ dryer inside the houseRestored original hardwood floors (living room, bedrooms)Detached parking garagePrivate wrap-around back yardMature landscapingFaux fire placeBuilt-in cabinetryWindows and French doors throughout the house759 N LAS PALMAS AVE:2 bedrooms (master has french doors to back yard)1 bathroom (totally renovated)Central airWasher/ dryer inside the houseRestored original hardwood floors (living room, bedrooms)Detached parking garagePrivate fenced front yardCharming zen backyardMature landscapingWorking fire placeBuilt-in audio component rack and high-quality ceiling-mounted speakers in all roomsWindows and French doors throughout the house6608 WARING AVE:2 bedrooms1 bathroom (totally renovated)Gas heater & mini-split A/C in all roomsWasher/ dryer inside the houseRestored original hardwood floors (living room, bedrooms)Detached parking garagePrivate wrap-around back yardMature landscapingFaux fire placeBuilt-in cabinetryWindows and French doors throughout the house

  • December, 2013

  • Dec 6, 2013

    Date

    Sold (Public Records)

    Public Records

    $1,045,000

    Price

  • November, 2013

  • Nov 20, 2013

    Date

    Price Change

    CRMLS: 13711733

    $1,095,000

    Price

  • Nov 4, 2013

    Date

    Price Change

    CRMLS: 13711733

    $1,150,000

    Price

  • Oct 14, 2013

    Date

    Price Change

    CRMLS: 13711733

    $1,199,000

    Price

  • Listing provided courtesy of CRMLS

    Motivated Seller! Just Reduced & one unit will be delivered vacant! Hancock park Adjacent on a beautiful tree lined street. this well located income property consisting of two 2 bedroom & 1 bathroom homes each w/ their own separate yard. This corner lot measures approximately 7,200 square feet per assessor & each house is approximately 1,300 square feet per assessor. The property has a two car garage whose use is currently not included in either of the houses leases, there is parking for one car for each unit in front of the garage. The home on Las Palmas originally the owners unit was renovated approximately 10 years ago & has central air & heat, updated open kitchen, remodeled bath, laundry & a fenced front & back yard. The home on Waring is in more original condition but has great potential w/ some TLC (this unit will be vacant at coe). Seller states that the fireplace tile in both houses are Batchelder. AGENTS PLEASE READ PRIVATE REMARKS FOR SHOWING INSTRUCTIONS.

  • November, 2013

  • Nov 20, 2013

    Date

    Price Change

    CRMLS: 13720369

    $1,095,000

    Price

  • Listing provided courtesy of CRMLS

    Prime corner lot in hot development area. Currently has 2 houses on a lot. One house is vacant and the other has a lease ending 1/31/2014. Lot size is 7200 square feet per assessor. Tear down and build beautiful new modern home. Buyer to conduct all investigations to satisfy themselves regarding zoning, rent control, and any/all development issues.

  • October, 2004

  • Oct 26, 2004

    Date

    Sold (Public Records)

    Public Records

    $1,200,000

    Price

Show More

Tax History for 759 N Las Palmas Ave

Assessed Value (2020): $1,171,590
Year Land Value Improved Value Assessed Value
2020 $818,251 $353,339 $1,171,590

Home Value Compared to the Market

This property vs the competition

759 N Las Palmas Ave sold on March 24, 2022 for 62.61% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $734.35 per/sqft which puts the price per square foot 2.74% lower than the current median sale per square foot for the city of Los Angeles.

About 759 N Las Palmas Ave

Detailed summary of property

759 N Las Palmas Ave is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 2,635 living square feet, and sits on an approximately 7,216 square foot lot. 759 N Las Palmas Ave was first listed on ArdentRealEstateGroup.com on February 1, 2022. The homeowner sold the property for $2,106,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 62.61% higher than the current median priced home. Local homes that are currently for sale include 183 S Detroit St, 461 N Vista St and 1140 N Beachwood Dr. While the average home in Los Angeles, CA is selling in 93 days, 759 N Las Palmas Ave has a days on market of 14 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 759 N Las Palmas Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 759 N Las Palmas Ave

Public county record property details
Beds
4
Baths
2
Year built
1923
Sq. Ft.
2,635
Lot Size
7,216
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
151
APN
5524-010-001

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$706
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
42
Median Sale to List Price %
79.44%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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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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