538 N Harper Ave

House in Mid-City West
Active

538 North Harper Avenue, Los Angeles, CA 90048

$3,750,000
$45K (1.2%)
 for Sale at 538 North Harper Avenue, Los Angeles, CA 90048

53

 for Sale at 538 North Harper Avenue, Los Angeles, CA 90048
 for Sale at 538 North Harper Avenue, Los Angeles, CA 90048
 for Sale at 538 North Harper Avenue, Los Angeles, CA 90048
$3,750,000
$45K (1.2%)
4
Beds
4.5
Baths
1
Half Bath
3,520
Ft²
$1,065
$/ft²
0.14
Acres
Cap Rate
Est. Monthly
Cap Rate
Est. Monthly
$18,413
Set in the heart of one of Los Angeles' best neighborhoods, this modern-day oasis provides all the luxury you need to live your best life. Built in 2012, the open floorplan with French oak natural wood flooring, soaring ceilings and light-filled rooms welcome you home. The open kitchen with Caesarstone counters and Thermador appliances, the expansive living room, and dining room with dual sided fireplace are an entertainer's dream. The primary bedroom has a luxurious bathroom with soaking tub, enormous walk-in closet, and a huge patio, perfect for an outdoor gym or morning meditation. Three additional bedrooms on the second floor complete the home. The Control 4 smart home system controls the thermostats, lights...

Building Info

Overview

This property was built in 2012.

General

  • Year Built

    2012
  • Actual Year Built

    2012
  • Total Rooms

    6.00
  • Bedroom Count

    4
  • Bathroom Count

    5.00
  • Full Bathrooms

    5.00
  • Partial Bathrooms

    0.00
  • Bathroom Fixture Number

    0.00
  • Building Condition

    0
  • Building Quality

    2
  • Construction Type

    0
  • Building Style

    12
  • Exterior Walls Type

    12
  • Interior Walls Type

    0
  • Roof Shape Type

    6
  • Roof Cover Type

    16
  • Floor Count

    1
  • Living Units

    1.00
  • Business/Commerical Units Count

    0.00
  • Floor Cover

    0
  • Basement Type

    0
  • Basement Area

    0.00
  • Garage Type

    0
  • Garage Square Area

    0.00
  • Parking Space Count

    2.00
  • Patio Type

    0
  • Porch Type

    0
  • Pool Type

    8

Dimensions

  • Lot Size Square Feet

    5,894
  • Lot Size Depth Feet

    1310
  • Lot Size Frontage Feet

    450
  • Total Building Area

    3,520
  • Gross Building Area

    0.00
  • Building Area

    3,520
  • Building Area Source

    L

Heating

  • Fireplace Count

    1.00
  • Air Conditioning Type

    13
  • Heat Code

    3
  • Heated Square Feet

    3,520
  • Heating Fuel Type

    0

Codes

  • Sewer System

    0
  • Water Service Type

    0

Building

Building codes and types
  • Building Type

    0
  • Property Class ID

    R
  • Land Acres

    0.135
  • Standard Land Use Code

    1001
  • County Land Use Code

    0103
  • Legal Description 1

    TRACT # 6202 LOT 2 BLK 7

Neighborhood

Community district, city council district, police precinct, and more.
  • School District Name

    Los Angeles Unified School District
  • Census Tract

    194402

Zoning

The zoning code for this property is LAR1.
  • Zoning

    LAR1

Geography

The property is located in zip code 90048.
  • Subdivision Tract Number

    6202
  • Parcel

    5528-005-059
  • Block

    7
  • Lot

    2
  • Latitude

    34.0812
  • Longitude

    -118.369

Address

  • Full Address

    538 N Harper Ave
  • Address - House Number

    538
  • Street Direction

    N
  • Address - Street Name

    Harper
  • Address - Suffix Type

    Ave
  • State

    CA
  • City Name

    Los Angeles
  • Carrier Code

    C056
  • 4-Digit Zip Code

    2223
  • Zip Code

    90048

Valuation

The assessed value of this property is $2,796,630.
  • Timestamp

    Oct 05, 2020
  • UCID Flag

    U
  • Total Area

    0.00
  • Standard Deviation

    0

Tax

  • Tax Year

    2020
  • Tax Amount

    $33,957
  • Tax Rate Code Area

    0-067

Open Liens

  • Total Open Liens

    0
  • Total Open Liens Amount

    $0

Market Valuation

  • Market Total Value

    $0
  • Market Land Value

    $0
  • Market Improvement Value

    $0

Appraisal Valuation

  • Valuation Date

    Jun 02, 2021
  • Confidence Score

    79
  • Final Value

    3,116,404
  • High Value

    3,632,295
  • Low Value

    2,600,512

Assessments Valuation

  • Assessed Year

    2020
  • Assessed Total Value

    $2,796,630
  • Assessed Land Value

    $1,793,431
  • Assessed Improvements Value

    $1,003,199

Sales

  • Current Sale Contract Date

    20140411
  • Current Sale Recording Date

    20140513
  • Current Sale Transaction ID

    1033261607
  • Current Sales Price

    $2,495,024
  • Current Sale Document Type

    36
  • Current Sale Input Document Number

    14-0491007
  • Sale Date

    20130508
  • Previous Sale Contract Date

    20130429
  • Previous Sale Type of Sales Price

    14
  • Sale Amount

    $2,349,023
  • Previous Sale Document Type

    20

Mortgages

  • First Current Mortgage Loan Amount

    $0
  • First Current Mortgage Terms

    0
  • Second Current Mortgage Loan Amount

    $0
  • Second Current Mortgage Terms

    0

Open Lien Mortgages

  • First Open Lien Mortgage Loan Amount

    $0
  • First Open Lien Mortgage Term

    0
  • First Open Lien Mortgage Position

    0
  • Second Open Lien Mortgage Loan Amount

    $0
  • Second Open Lien Mortgage Term

    0
  • Second Open Lien Mortgage Position

    0
  • Third Open Lien Mortgage Loan Amount

    $0
  • Third Open Lien Mortgage Term

    0
  • Third Open Lien Mortgage Position

    0
  • Fourth Open Lien Mortgage Loan Amount

    $0
  • Fourth Open Lien Mortgage Term

    0
  • Fourth Open Lien Mortgage Position

    0

Previous Mortgages

  • Previous Mortgage Loan Amount

    $0
  • Previous Mortgage Term

    0

Building Features

Driveway

Driveway

Parking

Garage ParkingOpen Parking

Home Features

Appliances

Gas CooktopMicrowaveOven

HVAC

Central A/CFurnace

View

City View

Ownership

Current Owner

Ray Family Trust

Price History

Date/EventEventPrice
Apr 30, 2023 Price DecreasedPrice Decreased$3,750,000 $45K (1.2%)
Apr 29, 2023 Price DecreasedPrice Decreased$3,795,000 $204K (5.1%)
Jan 18, 2023 Listed by CompassListed by Compass$3,999,000
Oct 26, 2022 No longer availableNo longer available-
Oct 23, 2022 Listed by CompassListed by Compass$4,100,000

Property Analysis

Cap Rate Analysis

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
IncomePer Year
$108,000
ExpensesPer Year
$0
Operating ProfitPer Year
$108,000
Cap rate
2.88%

Price Estimate

$4,309,000$3,757,216$3,205,433
20232024202520262027
Current Asking Price

$3,750,000

HopScore Market Price

$3,757,216

The current asking price is $7,216.64 below the HopScore market price.

Comparables

Unit
Status
TypeBedsBathsft²
Price/ft²
Price
Common Charges
Active
House
4
4.5
3,813 ft²
$1,126/ft²
$4,295,000
Active
House
5
7
3,914 ft²
$933/ft²
$3,650,000
Active
House
3
3.5
1,808 ft²
$1,767/ft²
$3,195,000

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Neighborhood

About Mid-City West

Stats & Trends

The median asking price in Mid-City West is $1,499,000.
  • Median Asking

    $1,499,000
  • Sale Price/ft²

    $814.80
  • Below Asking

    0.02%
  • Days on Market

    59

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Local assessors in Los Angeles, CA have categorized 538 North Harper Avenue as a residential type of property. The home was built in 2012 and is 11 years old. The property's lot size has been calculated to be 5,894 square feet. The linear feet between the front and back of the lot was measured at 1,310 ft and the front of the lot was measured at 450 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Spanish style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 5 full bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 538 North Harper Avenue has a total of 3,520 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. There are 2 available parking spaces so it's a great situation for those with more than one car. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A-. The building has a flat style roof that was made of roll composition. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 538 North Harper Avenue sold most recently in Apr 11, 2014 for a total of $2,495,024. If you work out the math, that's approximately a cost of $708.81 per sqft. Before that, the property was also sold for $2,349,023 in Apr 29, 2013. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $33,957 in taxes each year. 538 North Harper Avenue was most recently assessed in 2020. During this assessment, the property's total value was estimated to be about $2,796,630. If we break it down further, the land itself was valued at $1,793,431. Improvements to the property, however, were assessed at a total of $1,003,199. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

538 North Harper Avenue, Los Angeles, CA 90048


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