Seller's Agent in 2023
Oron Maher
Maher Commercial Realty
(630) 649-9961
1 in this area
35 Total Sales
10727 S Central Ave Los Angeles, CA 90059
Green Meadows NeighborhoodEstimated Value: $1,077,940
0.2
Acre
$5,344,274
Price per Acre
9,454
Sq Ft Lot
About This Lot
As of October 2023We are pleased to present this unique opportunity to purchase an +/- 9,454 square foot parcel zoned C2-2D-CPIO which is currently under utilized with a 1,365 square foot fast food structure on the property. The building is located at the signalized corner of S. Central Avenue and E. 108th Street in South Central Los Angeles. Using the TOC menu, a developer can build a +/- 39-unit development site. As a 100% affordable project, a buyer can build at least 65 units, or more if they chose to utilize the full height restriction of 108 feet. This is a very good value at only $15,500 per buildable door as a 100% affordable site and $25,000 per door as a TOC mostly market-rate site. This is a prime corner lot located across the street from the LA County Social Services building and the Maxine Waters Employment Preparation Center, offering future tenants immediate access to social services. This property is also a nicely built-out restaurant building with newer equipment and a drive-thru window. The property is available for lease at $3.75 NNN and can make a good investment property or owner-user property for a restaurant operator.
Property Details
Property Type
- Land
Est. Annual Taxes
- $10,972
Year Built
- 1989
Lot Details
- 9,454 Sq Ft Lot
- Fenced
- Corners Of The Lot Have Been Marked
- Tear Down
- Property is zoned C2-2D-CPIO
Listing and Financial Details
- Assessor Parcel Number 6051-014-036
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 29, 2023
Sold by
Khy Hout Veng and Khy Immoly V
Bought by
South Central 1111 Llc
Total Days on Market
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
6.79%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 17, 2008
Sold by
Hu Qi Qiang and Hsu Hui Ow
Bought by
Khy Hout Veng
Purchase Details
Closed on
Dec 26, 2007
Sold by
Regent Financial Llc
Bought by
Hu Qi Qiang
Purchase Details
Closed on
Oct 26, 2007
Sold by
Gould Kenneth
Bought by
Regent Financial Llc
Purchase Details
Closed on
Oct 8, 2007
Sold by
Cohen Irving I and Colon Property Management Trus
Bought by
Gould Kenneth
Purchase Details
Closed on
Aug 27, 2007
Sold by
Gould Kenneth
Bought by
Hazan Holding Co and Colon Property Management
Purchase Details
Closed on
Aug 26, 2002
Sold by
Griffin Earl
Bought by
Gould Kenneth
Purchase Details
Closed on
Mar 24, 1994
Sold by
Griffin Mozell and Griffin Katherine
Bought by
Griffin Earl
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.15%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| South Central 1111 Llc | $650,000 | Fidelity National Title | |
| Khy Hout Veng | $400,000 | United Title Company | |
| Hu Qi Qiang | -- | Accommodation | |
| Regent Financial Llc | $80,408 | Accommodation | |
| Gould Kenneth | -- | None Available | |
| Gould Kenneth | -- | None Available | |
| Gould Kenneth | -- | None Available | |
| Hazan Holding Co | -- | None Available | |
| Gould Kenneth | -- | Lawyers Title Company | |
| Griffin Earl | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 10727 South Central Re Group L | $350,000 | |
| Closed | South Central 1111 Llc | $455,000 | |
| Previous Owner | Gould Kenneth | $28,000 | |
| Previous Owner | Gould Kenneth | $310,000 | |
| Previous Owner | Gould Kenneth | $35,000 | |
| Previous Owner | Gould Kenneth | $130,000 | |
| Previous Owner | Gould Kenneth | $13,500 | |
| Previous Owner | Gould Kenneth | $21,000 | |
| Previous Owner | Gould Kenneth | $24,000 | |
| Previous Owner | Griffin Earl | $40,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/11/2023 10/11/23 | Sold | $995,000 | 0.0% | -- |
| 08/08/2023 08/08/23 | Pending | -- | -- | -- |
| 07/24/2023 07/24/23 | For Sale | $995,000 | -- | -- |
Source: The MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $10,972 | $650,000 | $450,000 | $200,000 |
| 2023 | $9,076 | $495,088 | $340,376 | $154,712 |
| 2022 | $8,753 | $485,381 | $333,702 | $151,679 |
| 2021 | $8,642 | $475,864 | $327,159 | $148,705 |
| 2019 | $8,409 | $461,752 | $317,456 | $144,296 |
| 2018 | $8,151 | $452,699 | $311,232 | $141,467 |
| 2016 | $7,778 | $435,123 | $299,148 | $135,975 |
| 2015 | $7,641 | $428,588 | $294,655 | $133,933 |
| 2014 | $7,606 | $420,194 | $288,884 | $131,310 |
Source: Public Records
Agents Affiliated with this Home
-
Oron Maher
-
Filip Niculete
Buyer's Agent in 2023
Filip Niculete
Marcus & Millichap
(818) 357-9525
1 in this area
107 Total Sales
Map
Similar Properties in Los Angeles, CA
Source: The MLS
MLS Number: 23-293023
APN: 6051-014-036
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