NOT LISTED FOR SALE

1046 N Genesee Ave West Hollywood, CA 90046

Estimated Value: $1,654,000 - $1,886,000

0.15 Acre
$11,546,880 Price per Acre
6,660 Sq Ft Lot

Last Sold January 22, 2025

Last sale price $1,860,000 $1,556 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $11,094/month

60 Days on Market

About This Lot

As of January 2025

We are proud to present this REO redevelopment listing in prime West Hollywood, CA.Located at 1046 N Genesee Ave, this 0.15 acre lot currently has a vacant single family house on it, and is perfect for the development of luxury condo or small lot homes. With the R3 zoning, a developer can build up to 5 units/condos by right. Furthermore, this property could be perfect for SB 684, which is a new California law enacted in October 2023 that streamlines the approval process for development projects of 10 or fewer units on urban lots under 5 acres.The buyer could also choose to build up to 12 apartment units utilizing AB 1287, the new 2023 California State Density Bonus Law which enables projects to obtain up to 100% density bonus by providing affordable units. For a 12 unit project on this site, at least 15% of the units would need to be set aside for very low income tenants. That means the buyer could build a 12 unit project on this site with 10 market-rate units and 2 very-low-income units. The seller, who's the lender that recently foreclosed on this lot, is willing to give extremely attractive financing to a qualified developer for 2+ years, enough time to bridge the gap from close of escrow to the funding of the construction loan. They're willing to give a high leveraged loan with interest-only payments at rates significantly below market. Give us a call or email to learn more about this seller financing option.

Last Agent to Sell the Property

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 09/13/2024

Co-Listed By

Glen Scher

Marcus & Millichap License #01962976

Last Buyer's Agent

Natty Redford

Forward One License #01948838

Forward One

Property Details

Property Type

  • Land

Lot Details

  • 6,660 Sq Ft Lot
  • Lot Dimensions are 50x130
  • Property is zoned WDR3C*

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5530-015-011

Property Details

Property Type

Land

Lot Details

6,660 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.1529
  • Lot Dimensions: 50x130
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5530-015-011
  • Lot Size Area: 6660

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2024
Closed on
Dec 10, 2024
Sold by
Lo Genesee Llc
Bought by
Ie Ventures Llc
Seller's Agent
Filip Niculete
Marcus & Millichap
Buyer's Agent
Natty Redford
Forward One
List Price
$1,950,000
Sold Price
$1,860,000
Premium/Discount to List
-$90,000
-4.62%
Views
7
Current Estimated Value
$1,765,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$94,482
Avg. Annual Appreciation
-4.39%
Original Mortgage
$2,625,000
Outstanding Balance
$2,593,726
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
-$828,208

Purchase Details

Closed on
Jan 16, 2024
Sold by
Peak Foreclosure Services Inc
Bought by
Lo Genesee Llc

Purchase Details

Closed on
Jan 11, 2024
Sold by
Peak Foreclosure Services Inc
Bought by
Lo Genesee Llc

Purchase Details

Listed on
Mar 17, 2017
Closed on
Aug 3, 2017
Sold by
Hawthorne Robert Alan
Bought by
1046 Genesee Llc
Seller's Agent
Jay Martinez
Beverly and Company, Inc.
Buyer's Agent
Vlad Gold
Forward One
List Price
$1,679,000
Sold Price
$1,575,000
Premium/Discount to List
-$104,000
-6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.33%
Original Mortgage
$1,141,875
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 7, 2013
Sold by
Hawthorne Robert Alan and Hawthorne Robert A
Bought by
Hawthorne Robert Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,500
Interest Rate
3.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2011
Sold by
Morishita Dina
Bought by
Hawthorne Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$737,047
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 7, 2010
Sold by
Yang Wellington
Bought by
Morishita Dina

Purchase Details

Closed on
Aug 27, 2010
Sold by
Davidov Boris and Banchik Raisa
Bought by
Morishita Dina

Purchase Details

Closed on
Nov 1, 2007
Sold by
Davidov Boris and Davidov Larisa
Bought by
Dovidov Boris

Purchase Details

Closed on
Feb 15, 2007
Sold by
Davidov Boris
Bought by
Davidov Boris

Purchase Details

Closed on
Sep 28, 2005
Sold by
Gulkarov Olga
Bought by
Gulkarov Boris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,500
Interest Rate
5.61%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 12, 2005
Sold by
Davidov Larisa
Bought by
Davidov Boris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,500
Interest Rate
5.61%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 27, 2005
Sold by
Carleton Kimberly J and Parnell Jason
Bought by
Davidov Boris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,500
Interest Rate
5.61%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 22, 2004
Sold by
Parnell Jason and Carleton Kimberly J
Bought by
Parnell Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,000
Interest Rate
5.7%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 16, 2003
Sold by
Vasily Nicolas
Bought by
Parnell Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,600
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 7, 1993
Sold by
Gioielli Vincent C
Bought by
Vasily Nicolas
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ie Ventures Llc $1,860,000 Ticor Title Company
Lo Genesee Llc $1,772,327 Wfg National-Default Services
Lo Genesee Llc $1,772,327 Accommodation/Courtesy Recordi
1046 Genesee Llc $1,575,000 Title 365
Hawthorne Robert Alan -- North American Title Company
Hawthorne Robert A $765,000 Fidelity Van Nuys
Morishita Dina -- Investors Title Company
Morishita Dina $530,000 Investors Title Company
Dovidov Boris -- None Available
Davidov Boris -- Alliance Title Company
Gulkarov Boris -- None Available
Davidov Boris -- None Available
Banchik Raisa -- None Available
Davidov Boris -- Gateway Title Company
Davidov Boris $999,000 Gateway Title Company
Parnell Jason -- --
Parnell Jason $487,000 Gateway Title
Vasily Nicolas -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ie Ventures Llc $2,625,000
Previous Owner 1046 Genesee Llc $1,141,875
Previous Owner Hawthorne Robert Alan $625,500
Previous Owner Hawthorne Robert A $737,047
Previous Owner Davidov Boris $92,500
Previous Owner Davidov Boris $650,000
Previous Owner Parnell Jason $548,000
Previous Owner Parnell Jason $389,600
Closed Parnell Jason $97,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/22/2025 01/22/25 Sold $1,860,000 -4.6% $1,556 / Sq Ft
11/12/2024 11/12/24 Pending -- -- --
09/13/2024 09/13/24 For Sale $1,950,000 +23.8% $1,632 / Sq Ft
08/09/2017 08/09/17 Sold $1,575,000 -6.2% $1,318 / Sq Ft View Prior Sale
05/02/2017 05/02/17 Pending -- -- --
03/17/2017 03/17/17 For Sale $1,679,000 0.0% $1,405 / Sq Ft
10/26/2016 10/26/16 Rented $6,500 -13.3% --
10/07/2016 10/07/16 For Rent $7,500 -- --
Source: The MLS

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
2025 $21,683 $1,632,000 $1,632,000 --
2024 $21,683 $1,756,937 $1,405,551 $351,386
2023 $21,268 $1,722,489 $1,377,992 $344,497
2022 $20,156 $1,688,716 $1,350,973 $337,743
2021 $19,946 $1,655,605 $1,324,484 $331,121
2019 $19,280 $1,606,500 $1,285,200 $321,300
2018 $19,142 $1,575,000 $1,260,000 $315,000
2016 $10,245 $827,925 $662,341 $165,584
2015 $10,084 $815,490 $652,393 $163,097
2014 $10,078 $799,517 $639,614 $159,903
Source: Public Records

Agents Affiliated with this Home

  • Filip Niculete

    Seller's Agent in 2025

    Filip Niculete

    Marcus & Millichap

    (818) 357-9525

    2 in this area

    104 Total Sales

    Filip Niculete
    Section Image
  • Glen Scher

    Seller Co-Listing Agent in 2025

    Glen Scher

    Marcus & Millichap

    (818) 212-2700

    2 in this area

    53 Total Sales

    Glen Scher
    Section Image
  • Natty Redford

    Buyer's Agent in 2025

    Natty Redford

    Forward One

    (310) 880-9949

    4 in this area

    8 Total Sales

    Natty Redford
    Section Image
  • Jay Martinez

    Seller's Agent in 2017

    Jay Martinez

    Beverly and Company, Inc.

    (323) 377-8332

    7 in this area

    33 Total Sales

    Jay Martinez
    Section Image
  • Gil Dirige

    Seller Co-Listing Agent in 2017

    Gil Dirige

    Beverly and Company, Inc.

    (310) 801-0317

    7 in this area

    31 Total Sales

    Gil Dirige
    Section Image
  • Vlad Gold

    Buyer's Agent in 2017

    Vlad Gold

    Forward One

    (310) 403-3969

    1 in this area

    13 Total Sales

    Vlad Gold
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 24-439631

The MLS

APN: 5530-015-011

California Los Angeles County West Hollywood 90046

1046 N Genesee Ave, West Hollywood, CA

Not Listed for Sale

Lots

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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