NOT LISTED FOR SALE

Estimated Value: $1,763,320 - $2,198,000

0.11 Acre
$18,685,472 Price per Acre
4,596 Sq Ft Lot

Last Sold April 17, 2015

Last sale price $250,000

Est. 692% increase in value since last sale

Current estimated payment $12,385/month

231 Days on Market

Highlights

  • City Lights View
  • Security Fence
  • 5-minute walk to Gladys Jean Wesson Park
  • No HOA

About This Lot

As of April 2015

Great opportunity for developers and investors. Vacant Lot of approximately 4,600 Sq. Ft. Commercial/Residential zoning. Located on busy W Adams Blvd in the historic West Adams District with easy freeway access. This lot has plenty of potential for a creative investor who knows what they are doing.

ALL OFFERS ARE WELCOME! Seller is open to creative financing. Currently rented on a month to month lease for $700 a month. Seller is motivated and willing to consider any offer.

Last Listed By

Thomas Kennedy

Vanguard Realty & Mortgage, Inc. License #01714692 Listed on: 06/18/2014

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,223

Year Built

  • 1930

Lot Details

  • 4,596 Sq Ft Lot
  • Security Fence
  • Property is zoned LA C2

Additional Features

  • City Lights Views
  • Urban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 4660
  • Assessor Parcel Number 5057004014

Property Details

Property Type

Land

Est. Annual Taxes

$16,223

Year Built

1930

Lot Details

0

Listing Details

  • Ingress Egress: Gate
  • Other Phone Description: Agent
  • Other Phone Number: 8055876163
  • Possible Use Comments: Retail, Restaurant, Multi-Family, and Parking Lot
  • Road Frontage Type: City Street
  • Survey: Buyer Pays
  • View: Yes
  • Zoning: LA C2
  • Property Type: Land
  • Parcel Number: 5057004014
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1930

Interior Features

  • Price Per Square Foot: 54.40

Exterior Features

  • View: City Lights
  • Fencing: Security

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Current Geological: No
  • Lot Size Sq Ft: 4596.00
  • Lot Size Acres: 0.1060

Multi Family

  • Lot Size Area: 4596.0000 Square Feet

Tax Info

  • Tax Lot: 16
  • Tax Rate: 0.02
  • Tax Tract Number: 4660
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2019
Sold by
The Reza Vandi Trust
Bought by
4727 W Adams La Llc
Total Days on Market
231
Current Estimated Value
$1,980,660

Purchase Details

Closed on
Feb 9, 2018
Sold by
Vandi Reza
Bought by
Vandi Reza

Purchase Details

Listed on
Jun 18, 2014
Closed on
Mar 20, 2015
Sold by
4727 West Adams Blvd Llc
Bought by
Vandi Reza
Seller's Agent
Thomas Kennedy
Vanguard Realty & Mortgage, Inc.
Buyer's Agent
Edith Saavedra
Casa Bella Realty Group
List Price
$399,500
Sold Price
$250,000
Premium/Discount to List
-$149,500
-37.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.76%
Original Mortgage
$200,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2014
Sold by
The Hector & Martha P Iuele Family Trust
Bought by
4727 West Adams Blvd Llc

Purchase Details

Closed on
Aug 3, 2005
Sold by
Imperial Financial Inc
Bought by
Iuele Hector and Iuele Martha P

Purchase Details

Closed on
Oct 23, 2001
Sold by
Abs Construction Development Corp
Bought by
Imperial Financial Inc

Purchase Details

Closed on
Feb 5, 2001
Sold by
Soufer Aaron B
Bought by
Abs Construction Development Corp

Purchase Details

Closed on
Mar 9, 2000
Sold by
Pomeranz Norm
Bought by
Soufer Aaron B

Purchase Details

Closed on
Oct 28, 1998
Sold by
Allen John E
Bought by
Pomeranz Norm

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
6.69%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 5, 1995
Sold by
Allen Lillian R
Bought by
Allen Lillian R and Allen Curtis E

Range of Values:

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Average Value
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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
4727 W Adams La Llc $400,000 Fidelity National Title
Vandi Reza -- None Available
Vandi Reza $250,000 Chicago Title Co
4727 West Adams Blvd Llc -- Chicago Title Co
Iuele Hector $489,000 Fidelity Van Nuys
Imperial Financial Inc $27,500 Southland Title
Abs Construction Development Corp $30,000 --
Soufer Aaron B $30,000 --
Pomeranz Norm -- --
Pomeranz Norm $40,000 Fidelity National Title Ins
Allen Lillian R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vandi Reza $200,000
Previous Owner Iuele Hector $150,000
Previous Owner Iuele Hector $55,000
Previous Owner Pomeranz Norm $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2015 04/17/15 Sold $250,000 -37.4% --
02/04/2015 02/04/15 Pending -- -- --
06/18/2014 06/18/14 For Sale $399,500 -- --
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 $16,223 $1,337,525 $1,148,326 $189,199
2023 $15,908 $1,311,300 $1,125,810 $185,490
2022 $15,165 $1,285,589 $1,103,736 $181,853
2021 $14,990 $1,260,383 $1,082,095 $178,288
2020 $15,148 $1,247,460 $1,071,000 $176,460
2019 $3,340 $269,346 $269,346 $0
2018 $3,264 $264,065 $264,065 $0
2016 $3,130 $253,812 $253,812 $0
2015 $3,448 $280,494 $280,494 $0
2014 $6,752 $545,132 $545,132 $0
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR14127929

California Regional Multiple Listing Service (CRMLS)

APN: 5057-004-014