An exceptional investment opportunity awaits in a highly desirable Hollywood Hills East location! This offering includes two adjoining parcels: one 7,120 sq ft lot featuring a charming 2-bedroom, 1-bathroom home with 1,084 sq ft of living space, along with an unpermitted outbuilding, and the second parcel, a 5,016 sq ft empty lot. Combined, these street-to-street lots total over 12,000 sq ft, providing ample potential for development or expansion. With stunning mountain, hilltop, and treetop views, this property presents a prime canvas for builders or investors seeking to capitalize on the area’s sought-after real estate market. The location is unbeatable, offering nearby shopping and dining along trendy Ventura Blvd or the heart of Hollywood, plus proximity to Universal Studios and convenient access to the 101 freeway. Also within the boundaries of the highly rated Valley View Elementary School, this property is being sold in as-is condition, offering incredible upside for those with vision and expertise. Don’t miss this rare opportunity in a coveted neighborhood!
Sold for $1,175,000
Listed by: Equity Union • Parastou Asadian • Contact: 805-892-8119
Bought with: Partner Real Estate
$1,175,000
3236 Velma Dr, Los Angeles, CA 90068
2beds
1,084sqft
Single Family Residence
Built in 1938
0.28 Acres Lot
$1,409,500 Zestimate®
$1,084/sqft
$5,727 Estimated rent
Home value
$1,409,500
$1.20M - $1.69M
$5,727/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Parastou Asadian DRE #01913000 818-212-0272,
Equity Union
Bought with:
Clinton Sylvestre, DRE #01819640
Partner Real Estate
Source: CRMLS,MLS#: SR24204962
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Kitchen, Living Room, Dining Room
Bathroom
- Features: Dual Sinks
Kitchen
- Features: Tile Counters
Heating
- Central
Cooling
- None
Appliances
- Included: Gas Range, Range Hood
- Laundry: See Remarks
Features
- Beamed Ceilings, Built-in Features, Breakfast Area, Ceiling Fan(s), Cathedral Ceiling(s), Separate/Formal Dining Room, High Ceilings, Tile Counters, Wood Product Walls
- Flooring: Carpet, See Remarks, Wood
- Windows: Garden Window(s), Skylight(s)
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,084 sqft
Property
Parking
- Total spaces: 1
- Parking features: Door-Multi, Door-Single, Garage Faces Front, Garage
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: Front Door
- Patio & porch: Concrete, Covered, Open, Patio
- Pool features: None
- Spa features: None
- Fencing: Block,Wrought Iron
- Has view: Yes
- View description: Hills, Mountain(s), Neighborhood
Lot
- Size: 0.28 Acres
- Features: Back Yard, Front Yard, Sloped Up, Value In Land, Yard
Details
- Additional structures: Outbuilding
- Additional parcels included: 5579006028
- Parcel number: 5579006029
- Zoning: LAR1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick, Frame, Stucco, Wood Siding
Condition
- Fixer
- New construction: No
- Year built: 1938
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Mountainous
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $1,084/sqft
- Tax assessed value: $1,000,000
- Annual tax amount: $12,178
- Date on market: 10/2/2024
- Cumulative days on market: 34 days
- Listing terms: Cash,Cash to New Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/22/2024 | Sold | $1,175,000-2%$1,084/sqft |
Source:  CRMLS #SR24204962 Report a problem | ||
| 11/7/2024 | Contingent | $1,199,500$1,107/sqft |
Source: CRMLS #SR24204962 Report a problem | ||
| 10/3/2024 | Listed for sale | $1,199,500$1,107/sqft |
Source: CRMLS #SR24204962 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,178 +968.8% | $1,000,000 +1189.1% |
| 2024 | $1,139 +1.6% | $77,574 +2% |
| 2023 | $1,121 +4.3% | $76,053 +2% |
| 2022 | $1,075 +1.8% | $74,563 +2% |
| 2021 | $1,056 -0.4% | $73,102 +1% |
| 2020 | $1,061 | $72,353 +2% |
| 2019 | $1,061 +8.1% | $70,935 +2% |
| 2018 | $982 | $69,545 +2% |
| 2017 | $982 +2.3% | $68,183 +2% |
| 2016 | $960 +3.5% | $66,847 +1.5% |
| 2015 | $927 +0% | $65,844 +2% |
| 2014 | $927 | $64,555 +2.5% |
| 2012 | -- | $63,005 +2% |
| 2011 | -- | $61,770 +0.8% |
| 2010 | -- | $61,309 -0.2% |
| 2009 | -- | $61,455 +2% |
| 2008 | -- | $60,251 +2% |
| 2007 | -- | $59,070 +2% |
| 2006 | -- | $57,912 |
| 2005 | -- | $57,912 +4% |
| 2004 | -- | $55,665 +1.9% |
| 2003 | -- | $54,646 +2% |
| 2002 | -- | $53,576 +4% |
| 2000 | -- | $51,497 |
Find assessor info on the county website
Neighborhood: Hollywood Hills
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Nearby schools
GreatSchools rating
- 7/10Valley View Elementary SchoolGrades: K-5Distance: 0.7 mi
- 5/10Hubert Howe Bancroft Middle SchoolGrades: 6-8Distance: 3.3 mi
- 8/10Hollywood Senior High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: Valley View
- Middle: Bancroft
- High: Hollywood
Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,409,500
Get a cash offer in 3 minutes
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Estimated market value
$1,409,500
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