NOT LISTED FOR SALE

Estimated Value: $1,576,759

0.25 Acre
$6,279,407 Price per Acre
10,938 Sq Ft Lot

Last Sold December 08, 2018

Last sale price $1,000,000

Est. 58% increase in value since last sale

Current estimated payment $10,059/month

91 Days on Market

About This Lot

As of December 2018

Great Mixed-Use property with development opportunity in Los Angeles. The property currently has two freestanding houses, 1 commercial space, and 1 large studio, all individually metered for Gas and Electricity. The property sits on a large, flat C2-1 lot. The property is surrounded by small multi-family buildings, single family homes, and a two commercial spaces next door. This area has not seen much new construction and is one of the last few pockets in LA that will benefit greatly from new housing communities

Last Listed By

Justin McCardle

Growth Investment Group Pasade License #01895720 Listed on: 08/30/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,302

Year Built

  • 1908

Lot Details

  • 0.25 Acre Lot
  • Property is zoned LAC2

Location

  • Urban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5121012003

Property Details

Property Type

Land

Est. Annual Taxes

$15,302

Year Built

1908

Lot Details

0

Listing Details

  • View: No
  • Zoning: LAC2
  • Property Type: Land
  • Parcel Number: 5121012003
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1908

Interior Features

  • Price Per Square Foot: 91.42

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 10939.00
  • Lot Size Acres: 0.2511

Multi Family

  • Lot Size Area: 10939.0000 Square Feet

Tax Info

  • Tax Census Tract: 2284.10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2019
Sold by
3605 Sna Pedro Llc
Bought by
J & E 26 Properties Llc
Total Days on Market
91
Current Estimated Value
$1,576,759

Purchase Details

Listed on
Aug 30, 2018
Closed on
Dec 5, 2018
Sold by
Torres Martha Imelda and Abarca Arturo
Bought by
3605 San Pedro Llc
Seller's Agent
Justin McCardle
Growth Investment Group Pasade
Buyer's Agent
Angel Lau
Coldwell Banker Dynasty T.C.
List Price
$1,080,000
Sold Price
$1,000,000
Premium/Discount to List
-$80,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.30%

Purchase Details

Closed on
Aug 8, 2016
Sold by
Mcgowin Michael
Bought by
Mcgowin Martha and Torres Martha Imelda

Purchase Details

Closed on
May 11, 2005
Sold by
Alvarez Ramon and Alvarez Petra
Bought by
Mcgowin Michael and Mcgowin Martha

Purchase Details

Closed on
Jan 6, 1999
Sold by
Avco Mtg Center Inc
Bought by
Alvarez Ramon and Alvarez Petra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 1998
Sold by
Sanchez Gonzalo and Sanchez Maria Elena
Bought by
Avco Mtg Center Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 20, 1997
Sold by
David & Mildred Ehrnstein Revocable Tr
Bought by
Baumgarten Skipper G

Purchase Details

Closed on
Jul 1, 1996
Sold by
Sanchez Gonzalo and Sanchez Maria Elena
Bought by
Ehrnstein Gina Ehren and Ehrnstein David

Purchase Details

Closed on
Jun 18, 1996
Sold by
Petel Efram
Bought by
Cohen Jack

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
J & E 26 Properties Llc $1,126,500 Stewart Title Company
3605 San Pedro Llc $1,000,000 Lawyers Title Company
Mcgowin Martha -- None Available
Mcgowin Michael $575,000 First American Title Company
Alvarez Ramon $130,000 Lawyers Title
Avco Mtg Center Inc $119,600 Orange Coast Title
Baumgarten Skipper G -- --
Baumgarten Skipper G -- --
Ehrnstein Gina Ehren $123,269 Stewart Title
Cohen Jack -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alvarez Petra $50,000
Previous Owner Alvarez Ramon $163,000
Previous Owner Alvarez Ramon $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2018 12/08/18 Sold $1,000,000 -7.4% --
11/29/2018 11/29/18 Pending -- -- --
08/30/2018 08/30/18 For Sale $1,080,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $15,302 $1,207,296 $857,760 $349,536
2023 $15,015 $1,183,625 $840,942 $342,683
2022 $14,335 $1,160,417 $824,453 $335,964
2021 $14,151 $1,137,665 $808,288 $329,377
2020 $14,288 $1,126,000 $800,000 $326,000
2019 $12,518 $1,000,000 $430,000 $570,000
2018 $8,813 $690,591 $300,257 $390,334
2016 $8,402 $663,777 $288,599 $375,178
2015 $8,285 $653,807 $284,264 $369,543
2014 $8,320 $641,001 $278,696 $362,305
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18212247

California Regional Multiple Listing Service (CRMLS)

APN: 5121-012-003