See Home Value
$3,804,209*
House - Off Market

1881 Mount Olympus Dr

Los Angeles, CA 90046
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2689 Sqft
$3,416,000 - $4,174,000
Reference Base Price*
0.24%
Since Oct 1, 2023
CA-Los Angeles
Primary Model
Sold Aug 16, 2019
$1,650,000
$1,720,000 by Priority Financial Network
Mortgage Due Nov 01, 2050
Sold Dec 18, 2013
$1,400,000

About This Property

Privately gated modern entertainers paradise in the highly sought-after enclave of Mount Olympus, with 4bd/3baths, 2,689 sqft on close to half acre with parking onsite for 8+cars! This newly renovated estate greets you with a spacious new white kitchen with stainless steal appliances & breakfast bar for 8, family room with pool table/dining table and living room with high vaulted ceilings & double sided fireplace that all have pocket doors leading out to the pool & spa great for enjoying the California indoor/outdoor lifestyle. Downstairs also boasts a guest bedroom, full bathroom and a 145' projection TV with incredible, audiophile caliber sound. Upstairs find the Primary Suite with mirrored wall-to-wall closets, a 2nd walk-in closet with a beautiful skylight, crisp white bath with dual sinks, steam shower and soaking tub.  Also upstairs, find 2 additional bedrooms, each with their own patios to enjoy some fresh air & sunsets and an additional bathroom with double vanities. Outside offers a Sport Court with dual-use extra parking, magical trickling waterfalls with LED lighting and sitting areas abound. Wonderful opportunity, won't last long! Great investment property, the home has a STR home-sharing license, with revenue of $340,000. 2022 tax returns and cap rate available upon request.

The manager has listed the unit size as 2689 square feet.
Unit Size
2,689Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$1,411
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1976

Price History

Date / Event Date Event Price
Sep 23, 2023 No longer available -
No longer available
Sep 1, 2023 Listed $3,795,000
Listed
Aug 20, 2019 No longer available -
No longer available
Jul 31, 2019 Price Decreased $1,695,000
↓ $30K (1.7%)
Price Decreased
Jul 19, 2019 Price Decreased $1,725,000
↓ $50K (2.8%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 15,614
  • Total Building Area: 2,689
  • Building Area: 2,689
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,689
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LAURELWOOD
  • Land Acres: 0.358
  • Standard Land Use Code: Single family residential
  • Legal Description 1: *TR=PARCEL MAP AS PER BK 1 P 86 OF P M LOT/SEC B

Ownership

  • Current Owner : SCHEIBE PHILLIP FRANKLIN
  • Previous Owner : IRWIN JULIE ANN
  • Owner Before Previous Owner: COBB ROBERT DAVID
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: II

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 194102

Zoning

  • Zoning: LARE40

Geography

  • Assessors Map Reference: 33-F2
  • Parcel: 5569-034-027
  • Lot: B
  • Municipality: WEST /RUNYON CANYON
  • Latitude: 34.1059
  • Longitude: -118.366

    Address

  • Full Address: 1881 Mount Olympus Dr
  • Address - House Number: 1881
  • Address - Street Name: Mount Olympus
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C056
  • 4-Digit Zip Code: 2036
  • Zip Code: 90046

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,517
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.0679
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 96
  • Final Value: 3,805,520
  • High Value: 4,063,999
  • Low Value: 3,547,042

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,720,000
  • First Open Lien Mortgage Lender: PRIORITY FINANCIAL NETWORK
  • First Open Lien Mortgage Recording Date: Oct 16, 2020
  • First Open Lien Mortgage Loan Amount: $1,720,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,734,441
  • Assessed Land Value: $1,387,554
  • Assessed Improvements Value: $346,887

    Sales

  • Current Sale Contract Date: Aug 12, 2019
  • Current Sale Recording Date: Aug 16, 2019
  • Current Sale Transaction ID: 11635562720
  • Current Sale Price: $1,650,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0825706
  • Previous Sale Recording Date: Dec 18, 2013
  • Previous Sale Contract Date: Oct 25, 2013
  • Previous Sale Amount: $1,400,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: JULIE ANN IRWIN
  • First Mortgage Transaction Date: Aug 16, 2019
  • First Mortgage Loan Amount: $1,350,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Seller take-back



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
5 Baths
3,520 ft²
$1,277/ft²
$4,495,000 Aug 4, 2023
-
-
Condo
2 Beds
2.5 Baths
2,726 ft²
$1,651/ft²
$4,500,000 Jan 5, 2023
-
$6,593/mo
House
6 Beds
5 Baths
4,339 ft²
$1,014/ft²
$4,399,000 Jul 18, 2023
-
-
House
6 Beds
5 Baths
5,322 ft²
$723/ft²
$3,850,000 Jun 9, 2023
-
-

About Central LA


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Frequently Asked Questions

When was property at 1881 Mount Olympus Drive built and last sold?
The property at 1881 Mount Olympus Drive was built in 1976 and last sold on Aug 12, 2019 for $1,650,000.
How much is this home worth?
The estimated value of the home located at 1881 Mount Olympus Drive is $3,758,731.
What are some comparable homes to 1881 Mount Olympus Drive?
Homes that are comparable to 1881 Mount Olympus Drive include a house property at 1728 North Sierra Bonita Avenue, a condo property at 8420 Sunset Boulevard, a house property at 1610 Viewmont Drive.

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