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7940 Fareholm Dr, Los Angeles, CA 90046
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7940 Fareholm Dr Los Angeles, CA 90046

$1,444,444 Sold Price as of 03/10/2021
  • 3 Beds
  • 2 Baths
  • 1,311 Sq.Ft.
Sold
$1,444,444 Sold Price as of 03/10/2021 Refinance Your Mortgage
Map preview of 7940 Fareholm Dr, Los Angeles, CA 90046

Property Overview: 7940 Fareholm Dr Los Angeles, CA has 3 bedrooms, 2 bathrooms, 1,311 living square feet and 4,175 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Corner lot featuring a modern mid-century residence w/ unobstructed views of Downtown LA (DTLA). Centrally located with easy access to dining & entertainment. Walking distance to the Sunset Strip just off of Hollywood Blvd & Laurel Canyon. Home features 2 bedrooms + den that has been converted into a bedroom. Spectacular views from all main rooms including the primary bedroom with jetted tub in main bathroom. French doors lead to balcony & decks, great in-door/out-door flow. This is a great income producing property and/or fixer upper. There is also a separate entrance to the 2nd bedroom on the lower level and could be perfect for someone looking to rent out a bedroom/bath. Great opportunity!

Listed by Dean Mandile | BRE #01970094 | Sotheby's International Realty
Co-listed by Justin Mandile | BRE #01507705 | Sotheby's International Realty
Last checked: 11 minutes ago | Last updated: September 29th, 2021 | Source CRMLS | DOM: 39

Home details

Lot Sq. Ft
4,175
HOA Dues
$0/mo
Year built
1953
Garage
1 Car
Property Type:
Single Family Home
Status
Sold
MLS#
20669792
City
Los Angeles
County
Los Angeles
Time on Site
1261 days

Property Details for 7940 Fareholm Dr

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Gas
Heating Information
  • No Heating
  • None
Laundry Information
  • Has Laundry
  • In Garage, In Closet
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Master Bathroom, Living Room, Bonus Room
Bathroom Information
  • # of Baths (Full): 2
  • # of Baths (1/2): 0
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • Has Patio
  • No Pool
  • Pool Features: None
  • Rear Porch
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
  • Has Parking
  • Parking Features: Driveway, Garage - Single Door, Street, Off Site
Property Information
  • Has View
  • View: City Lights, Hills, Canyon
  • Parcel Number: 5551003011
  • Architectural Style: See Remarks
Location / Neighborhood
Location Information
  • Directions: Corner of Fareholm Drive and N Fairfax Ave
View more facts & features

Local Los Angeles Agent

Sale History for 7940 Fareholm Dr

Last sold for $1,444,444 on March 10th, 2021

  • March, 2021

  • Mar 10, 2021

    Date

    Sold

    CRMLS: 20669792

    $1,444,444

    Price

  • Mar 3, 2021

    Date

    Pending

    CRMLS: 20669792

    $1,500,000

    Price

  • Jan 19, 2021

    Date

    Active Under Contract

    CRMLS: 20669792

    $1,500,000

    Price

  • Dec 12, 2020

    Date

    Active

    CRMLS: 20669792

    $1,500,000

    Price

  • December, 2020

  • Dec 6, 2020

    Date

    Expired

    CRMLS: PW20235065

    $1,295,000

    Price

  • Dec 4, 2020

    Date

    Active

    CRMLS: PW20235065

    $1,295,000

    Price

  • Nov 26, 2020

    Date

    Hold

    CRMLS: PW20235065

    $1,295,000

    Price

  • Nov 24, 2020

    Date

    Price Change

    CRMLS: PW20235065

    $1,295,000

    Price

  • Nov 7, 2020

    Date

    Active

    CRMLS: PW20235065

    $1,195,000

    Price

  • Listing provided courtesy of CRMLS

    INCREDIBLE corner lot featuring a modern mid-century private residence w/ unobstructed JETLINER VIEWS of the entire Los Angles Basin-Downtown!!! Centrally located to the finest LA has to offer dining & entertainment!!! Walk distance to the sunset strip just off of laurel canyon road up on the top of the hill. Home features 2 bedrooms + den that has been turn into another room. SPECTACULAR views from all main rooms including the master bedroom, beautiful modern 24 x 24 white ceramic tile throughout, Jetted tub in main bath. French doors leading to balcony & decks, great in-door/out-door flow. This is the perfect premium AIRBNB rental property for an investor. There is also a separate entrance to the 2nd bedroom on the lower level thus could be a perfect little opportunity for someone who wants a housemate. This home and property could use some improvements. Potential to expand both living space and rooftop!!! Listed price is the STARTING bid price. Check out comps in the area. Home appraised as is for 1.5mil. Contact your sale professional for further inquiry. HOME OPEN HAS BEEN POSTPONED DUE TO RECENT COVID-19 CONCERNS. IT WILL BE RESCHEDULED SHORTLY AFTER THE UPCOMING HOLIDAY. For private COVID compliant showings, please contact sales professional.

  • September, 2010

  • Sep 9, 2010

    Date

    Sold (Public Records)

    Public Records

    $799,000

    Price

  • December, 2001

  • Dec 12, 2001

    Date

    Sold (Public Records)

    Public Records

    $599,000

    Price

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Tax History for 7940 Fareholm Dr

Assessed Value (2020): $935,999
Year Land Value Improved Value Assessed Value
2020 $748,803 $187,196 $935,999

Home Value Compared to the Market

This property vs the competition

7940 Fareholm Dr sold on March 10, 2021 for 17.74% higher 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 $1144.16 per/sqft which puts the price per square foot 44.65% higher than the current median sale per square foot for the city of Los Angeles.

About 7940 Fareholm Dr

Detailed summary of property

7940 Fareholm Dr is a single family home that recently sold in Los Angeles, CA 90046. This house offered 3 bedrooms, 2 bathrooms, roughly 1,311 living square feet, and sits on an approximately 4,175 square foot lot. 7940 Fareholm Dr was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,444,444. 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 17.74% higher than the current median priced home. Local homes that are currently for sale include 7659 Waring Ave, 928 N Croft Ave #203 and 932 N Alfred St #Penthouse 2. While the average home in Los Angeles, CA is selling in 100 days, 7940 Fareholm Dr has a days on market of 39 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 7940 Fareholm Dr Los Angeles, CA 90046 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 7940 Fareholm Dr

Public county record property details
Beds
2
Baths
2
Year built
1953
Sq. Ft.
1,311
Lot Size
4,175
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
9
APN
5551-003-011

The source for these homes facts are from public records.

90046 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,995,000
Median List Price/Sq.Ft.
$905
Median Sold Price
$1,450,000
Median Sold Price/Sq.Ft.
$903
Total Inventory
252
Median Sale to List Price %
96.67%
Avg Days on Market
31
Loan Type
Conventional (6.9%), FHA (0%), VA (0%), Cash (10.34%), Other (3.45%)

Thinking of Selling?

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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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