NOT LISTED FOR SALE

Estimated Value: $996,324

0.21 Acre
$4,848,292 Price per Acre
8,951 Sq Ft Lot

Last Sold January 25, 2024

Last sale price $950,000

Est. 5% increase in value since last sale

Current estimated payment $6,223/month

132 Days on Market

About This Lot

As of January 2024

*** MOTIVATED SELLER - REDUCED BY $495,000 FROM ORIGINAL LISTED PRICE - $111 LAND PRICE PER SF *** 964 E. Jefferson Blvd is an 8,950 SF corner lot zoned C2 with the potential to build 35 units with TOC Tier 1 incentives. Located two miles east of the University of Southern California, existing improvements include a single-story 2,109 SF building that currently operates as a church. According to a development potential report by Brickwork, a developer can develop 11 units by-right or 35 units by taking advantage of Transit Oriented Communities Tier 1 incentives. Please refer to the marketing package for complete details of the development report.

Last Listed By

Max Berger

Compass License #02054048 Listed on: 07/14/2023

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,945

Year Built

  • 1895

Lot Details

  • 8,951 Sq Ft Lot
  • Property is zoned LC2

Utilities

  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 5114-015-022

Property Details

Property Type

Land

Est. Annual Taxes

$7,945

Year Built

1895

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.2055
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1895

Exterior Features

  • View: No

Utilities

  • Cable: No
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5114-015-022
  • Lot Size Area: 8951
  • Potential Usage: Multifamily property with 11-units by right or 35-units with Transit Oriented Communities Tier 1 incentives
  • Present Use: Single-story 2,109 SF building that currently operates as a church

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2023
Sold by
Iglesia Evangelica Internacional El Jord
Bought by
964 Jefferson Housing Llc
Total Days on Market
132
Current Estimated Value
$996,324

Purchase Details

Closed on
Apr 30, 2009
Sold by
Mission Pentecostes El Jordan Inc
Bought by
Iglesia Evangelica Internacional El Jord

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.59%
Mortgage Type
Commercial

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
964 Jefferson Housing Llc $950,000 First American Title
Iglesia Evangelica Internacional El Jord -- Pacific Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Iglesia Evangelica Internacional El Jord $50,000
Previous Owner Mision Pentecostes El Jordan Inc $52,000
Previous Owner Mision Pentecostes El Jordan Inc $62,000
Closed 964 Jefferson Housing Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2024 01/25/24 Sold $950,000 -5.0% --
11/23/2023 11/23/23 Pending -- -- --
10/01/2023 10/01/23 Price Changed $1,000,000 -16.7% --
07/27/2023 07/27/23 Price Changed $1,200,000 -19.9% --
07/14/2023 07/14/23 For Sale $1,499,000 -- --
Source: The MLS

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 $7,945 $599,836 $517,586 $82,250
2023 $7,803 $588,076 $507,438 $80,638
2022 $7,462 $576,546 $497,489 $79,057
2021 $971 $565,242 $487,735 $77,507
2019 $973 $548,478 $473,269 $75,209
2018 $758 $537,725 $463,990 $73,735
2017 $6,825 $527,183 $454,893 $72,290
2016 $6,664 $516,847 $445,974 $70,873
2015 $504 $509,085 $439,276 $69,809
2014 $764 $499,114 $430,672 $68,442
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 23-290683

The MLS

APN: 5114-015-022