$375,000
SOLD FEB 18, 2025
0.17 Acre
$2,248,201 Price per Acre
7,265 Sq Ft Lot

Recently Sold

25% Above List Price

135 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Neighborhood Views
  • Abraham Lincoln High School Rated A

About This Lot

As of February 2025

***ALL PERMITS (Including B Permit) RTI***

Welcome to 1040 Montecito Heights, where your dream of building your perfect home with breathtaking views of Los Angeles becomes a reality. This pristine corner lot has plans ready for construction, an unparalleled opportunity to create your custom oasis in one of the city's most coveted locations.

Perched high atop Montecito Heights, this property boasts an awe-inspiring panorama that stretches across the sprawling expanse of Los Angeles, showcasing iconic landmarks such as the renowned Hollywood Sign and Griffith Park Observatory. Imagine waking up to the glittering city skyline, with the Hollywood Hills as your backdrop, and relishing in the serene beauty of the surrounding landscape.

With plans already in place, you can seamlessly bring your vision to life, whether it's a contemporary masterpiece, a charming retreat, or anything in between.

Last Agent to Sell the Property

Nicholas Alvarez

WORK REALTY ADVISORS Brokerage Phone: 909.908.5859 License #01950605 Listed on: 03/04/2024

Last Buyer's Agent

Sandra Alvarez

American Team Properties License #01101117

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,920

Lot Details

  • 7,265 Sq Ft Lot
  • Corner Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned [Q]R1-1D-HCR

Additional Features

  • Neighborhood Views
  • Suburban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5304006014

Property Details

Property Type

Land

Est. Annual Taxes

$1,920

Lot Details

0

Listing Details

  • View: Yes
  • Zoning: [Q]R1-1D-HCR
  • Property Type: Land
  • Parcel Number: 5304006014
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 51.62

Exterior Features

  • View: Neighborhood

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Lot Size Sq Ft: 7265.00
  • Lot Size Acres: 0.1668

Multi Family

  • Lot Size Area: 7265.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2024
Closed on
Jan 10, 2025
Sold by
Paradigm Collaboration Llc
Bought by
Urban Cities Development
Seller's Agent
Nicholas Alvarez
WORK REALTY ADVISORS
Buyer's Agent
Sandra Alvarez
American Team Properties
List Price
$299,000
Sold Price
$375,000
Premium/Discount to List
$76,000
25.42%
Total Days on Market
135
Views
112
Current Estimated Value
$380,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,333
Avg. Annual Appreciation
5.17%
Original Mortgage
$1,338,750
Outstanding Balance
$1,125,122
Interest Rate
6.91%
Mortgage Type
Construction
Estimated Equity
-$744,789

Purchase Details

Closed on
Nov 14, 2019
Sold by
Legacy Private Funding Inc
Bought by
Paradigm Collaboration Llc

Purchase Details

Closed on
Apr 16, 2019
Sold by
Legacy Private Funding Inc
Bought by
Legacy Private Funding Inc and Paradigm Collaboration Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 2017
Sold by
Ruiz Hector
Bought by
Legacy Private Funding

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 14, 2016
Sold by
Ruiz Ricardo
Bought by
Ruiz Hector and Rulz Socorro R

Purchase Details

Closed on
Sep 30, 2013
Sold by
Ruiz Hector
Bought by
Ruiz Ricardo and Ruiz Fabiola L

Purchase Details

Closed on
Aug 30, 2004
Sold by
Wilson Henry W
Bought by
Ruiz Hector and Ruiz Socorro

Purchase Details

Closed on
Jul 30, 2004
Sold by
Wilson Dawn R
Bought by
Wilson Henry W and Wilson Family Trust
Source: Public Records

Similar Properties in the area

  • 0 Newcomb Dr Unit 25493149, Sherman Oaks, CA 91423

    $295,000

    • Land
    • 0.14 Acre
    • $2,107,143 per Acre
    • 0 Newcomb Dr
    • Unit 25493149
    • Sherman Oaks, CA

    Prime residential unimproved land nestled in the serene hills of Sherman Oaks, offering an exceptional canvas for your dream residence. Take advantage of this rare opportunity to build your ideal home in a prestigious and sought-after location, south of Ventura Blvd. Situated at the end of a Newcomb Drive off of Dixie Canyon Place, this property enjoys a secluded and private setting, offering a

    Artur Israyelyan Beverly and Company, Inc.

    Section Image
  • 0 Newcomb Dr Unit 25493153, Sherman Oaks, CA 91423

    $295,000

    • Land
    • 0.15 Acre
    • $1,966,667 per Acre
    • 0 Newcomb Dr
    • Unit 25493153
    • Sherman Oaks, CA

    Prime residential unimproved land nestled in the serene hills of Sherman Oaks, offering an exceptional canvas for your dream residence. Take advantage of this rare opportunity to build your ideal home in a prestigious and sought-after location, south of Ventura Blvd. Situated at the end of a Newcomb Drive off of Dixie Canyon Place, this property enjoys a secluded and private setting, offering a

    Artur Israyelyan Beverly and Company, Inc.

    Section Image
  • 596 Frontenac Ave, Los Angeles, CA 90065

    $298,000

    • Land
    • 0.21 Acre
    • $1,419,048 per Acre
    • 596 Frontenac Ave
    • Los Angeles, CA

    Motivated Sellers. All permits for construction are"ready-to-issue" (RTI) upon payment of permit fees. Appropriate documents will be available for review as part of the escrow process. A rare opportunity to build a dream home with a pool on almost a 1/4 acre of land in the heart of Mt. Washington. This exceptional lot has a gentle upslope and spectacular views where you can enjoy romantic

    Dan Mancinelli Berkshire Hathaway HomeServices California Properties

    Section Image
  • 3728 Randolph Ave, Los Angeles, CA 90032

    $399,980

    • Land
    • 0.17 Acre
    • $2,352,824 per Acre
    • 3728 Randolph Ave
    • Los Angeles, CA

    Three RTI (Ready To Issue) infill lots for sale in the quiet and conveniently located Los Angeles neighborhood of El Sereno. Each lot comes with building plans for a two story 4 bed, 3.5 bath, 2 car garage single family home with covered decks to enjoy the beautiful views. Details of each lot 3724 Randolph is a 7,499 SF lot with plans for a 2,280 SF home. 3728 Randolph Ave. is a 7,487 SF lot

    Tyler Kropf BAC Real Estate Group, Inc.

    Section Image
  • 891 Mount Washington, Los Angeles, CA 90065

    $349,000

    • Land
    • 0.18 Acre
    • $1,938,889 per Acre
    • 891 Mount Washington
    • Los Angeles, CA

    This is an excellent opportunity to own a great view of Mount Washington. It consists of two parcels with different addresses: 891 Mount Washington and 895 Mount Washington. It is close to Glendale, Downtown Los Angeles, and USC. Build your Dream House in this upcoming Great neighborhood. The lot is Almost Rectangular. Broker and Broker's agent do not represent or guarantee the accuracy of the

    Dr. Mehran Tebyani Tebyani Real Estate Investment - TREI

    Section Image
  • 4022 San Rafael Ave, Los Angeles, CA 90065

    $425,000

    • Land
    • 0.22 Acre
    • $1,931,818 per Acre
    • 4022 San Rafael Ave
    • Los Angeles, CA

    Situated in the hills of Mount Washington, this unique property, associated with a prominent architectural firm from Spain, features gorgeous mountain vistas. The downslope lot offers an ideal blank canvas for creating an architectural masterpiece. Appreciate the tranquility of this coveted zone while still being conveniently close to urban amenities. An additional lot (APN: 5466-001-010) is also

    Louis Magnano Modern California House

    Section Image
  • 5925 Hayes Ave, Los Angeles, CA 90042

    $375,000

    • Land
    • 0.17 Acre
    • $2,205,882 per Acre
    • 5925 Hayes Ave
    • Los Angeles, CA

    Large Flat lot 7468 sqft reaching Street to Street with 15' wide on Hayes side and 37'wide on S Avenue 60 in the Heart of Highland Park with Adjacent lot 2882 sqft also for sale separately. Together 10,350 sqft of street to street land. Buyer and Agent to consult with City for Allowable use.

    MANUEL REYES First Family Homes

    Section Image
  • 3526 Loma Lada Dr Unit 5462-013-028, Los Angeles, CA 90065

    $349,000

    • Land
    • 0.17 Acre
    • $2,052,941 per Acre
    • 3526 Loma Lada Dr
    • Unit 5462-013-028
    • Los Angeles, CA

    Create your dream home on this vacant lot located on Loma Lada Drive in Los Angeles. Boasting with views and nestled within a charming neighborhood, this parcel of land offers the ideal canvas for your custom build. Enjoy the convince of nearby amenities and easy access to major thoroughfares, while being surrounded by the natural beauty and community that define this sought-after area. Prime

    Maria Corbisiero Compass

    Section Image
  • 2520 Hines Dr, Los Angeles, CA 90065

    $375,000

    • Land
    • 0.22 Acre
    • $1,704,545 per Acre
    • 2520 Hines Dr
    • Los Angeles, CA

    Upslope vacant land available for development. Zoned for single family, lot is two parcels so you can build two homes or take advantage of nearly 10,000 Square Feet of land to maximize potential buildable square footage for one large house. Located just 5 miles from Dodger Stadium and the Glendale Galleria. On the main street less than 1 mile away is notable dining and coffee shops such as Bub

    lauren shepherd Shepherd Realty Group

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $375,000 Monarch Title
Grant Deed -- Accommodation
Grant Deed -- Old Republic Title Company
Grant Deed $150,000 Old Republic Title Company
Grant Deed $27,000 None Available
Grant Deed $32,000 None Available
Grant Deed $57,000 Southland Title Corporation
Interfamily Deed Transfer -- Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,338,750 Construction
Previous Owner $180,000 Commercial
Previous Owner $100,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2025 02/18/25 Sold $375,000 +25.4% --
11/25/2024 11/25/24 Price Changed $299,000 0.0% --
11/25/2024 11/25/24 For Sale $299,000 -20.3% --
10/18/2024 10/18/24 Off Market $375,000 -- --
08/15/2024 08/15/24 For Sale $350,000 0.0% --
07/17/2024 07/17/24 Pending -- -- --
04/22/2024 04/22/24 Price Changed $350,000 -17.6% --
03/11/2024 03/11/24 Price Changed $425,000 -15.0% --
03/04/2024 03/04/24 For Sale $500,000 -- --
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 $1,920 $157,022 $157,022 --
2023 $1,883 $153,944 $153,944 $0
2022 $1,791 $150,926 $150,926 $0
2021 $1,771 $147,967 $147,967 $0
2019 $1,863 $156,060 $156,060 $0
2018 $1,853 $153,000 $153,000 $0
2017 $0 $58,000 $58,000 $0
2016 $414 $33,136 $33,136 $0
2015 $407 $32,639 $32,639 $0
2014 $412 $32,000 $32,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24027323

California Regional Multiple Listing Service (CRMLS)

APN: 5304-006-014