Seller's Agent in 2025
Nicholas Alvarez
WORK REALTY ADVISORS
(909) 908-5859
1 in this area
40 Total Sales
1040 Montecito Los Angeles, CA 90031
Montecito Heights NeighborhoodEstimated Value: $308,000 - $322,000
0.17
Acres
$1,888,489
Price per Acre
7,265
Sq Ft Lot
Highlights
- Corner Lot
- No HOA
- 5-minute walk to Flat Top Park
- Lincoln High School Rated A-
- Neighborhood Views
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
WORK REALTY ADVISORS Brokerage Phone: 909.908.5859 License #01950605 Listed on: 03/04/2024
Property Details
Property Type
- Land
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 4, 2024
Closed on
Jan 10, 2025
Sold by
Bought by
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%
Views
112
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$60,000
Avg. Annual Appreciation
-11.33%
Original Mortgage
$1,338,750
Interest Rate
0.0691%
Mortgage Type
Construction
Purchase Details
Closed on
Nov 14, 2019
Sold by
Bought by
Purchase Details
Closed on
Apr 16, 2019
Sold by
Bought by
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
0.044%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 27, 2017
Sold by
Bought by
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
0.0412%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 14, 2016
Sold by
Bought by
Purchase Details
Closed on
Sep 30, 2013
Sold by
Bought by
Purchase Details
Closed on
Aug 30, 2004
Sold by
Bought by
Purchase Details
Closed on
Jul 30, 2004
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $375,000 | Monarch Title | ||
| -- | Accommodation | ||
| -- | Old Republic Title Company | ||
| $150,000 | Old Republic Title Company | ||
| $27,000 | None Available | ||
| $32,000 | None Available | ||
| $57,000 | Southland Title Corporation | ||
| -- | Southland Title Corporation |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,338,750 | ||
| Previous Owner | $180,000 | ||
| Previous Owner | $100,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $1,929 | $160,162 | $160,162 | |
| 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
-
Nicholas Alvarez
-
Sandra Alvarez
Buyer's Agent in 2025
Sandra Alvarez
American Team Properties
(626) 524-0014
1 in this area
21 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24027323
APN: 5304-006-014
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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