Sierus Erdelyi
TruLine Realty
(424) 374-0268
177 Total Sales
3 in West Hollywood
$1M - $1.4M Price Range
1046 N Genesee Ave West Hollywood, CA 90046
West Hollywood AreaEstimated Value: $1,646,703
0.15
Acres
$10,769,804
Price per Acre
6,660
Sq Ft Lot
About This Lot
As of January 2025We 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
Marcus & Millichap License #01905352 Listed on: 09/13/2024
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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
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
Sep 13, 2024
Closed on
Dec 10, 2024
Sold by
Bought by
Seller's Agent
Filip Niculete
Marcus & Millichap
Buyer's Agent
Natty Redford
Carolwood Estates
List Price
$1,950,000
Sold Price
$1,860,000
Premium/Discount to List
-$90,000
-4.62%
Views
7
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
-$213,297
Avg. Annual Appreciation
-7.70%
Original Mortgage
$2,625,000
Outstanding Balance
$2,581,092
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
-$934,389
Purchase Details
Closed on
Jan 16, 2024
Sold by
Bought by
Purchase Details
Closed on
Jan 11, 2024
Sold by
Bought by
Purchase Details
Listed on
Mar 17, 2017
Closed on
Aug 3, 2017
Sold by
Bought by
Seller's Agent
Jay Martinez
Beverly & Company Luxury Properties
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
0.50%
Original Mortgage
$1,141,875
Interest Rate
3.88%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 7, 2013
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
$625,500
Interest Rate
3.29%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 8, 2011
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
$737,047
Interest Rate
4.37%
Mortgage Type
FHA
Purchase Details
Closed on
Dec 7, 2010
Sold by
Bought by
Purchase Details
Closed on
Aug 27, 2010
Sold by
Bought by
Purchase Details
Closed on
Nov 1, 2007
Sold by
Bought by
Purchase Details
Closed on
Feb 15, 2007
Sold by
Bought by
Purchase Details
Closed on
Sep 28, 2005
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
$92,500
Interest Rate
5.61%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Aug 12, 2005
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
$92,500
Interest Rate
5.61%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jul 27, 2005
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
$92,500
Interest Rate
5.61%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Dec 22, 2004
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
$548,000
Interest Rate
5.7%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Jul 16, 2003
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
$389,600
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 7, 1993
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in West Hollywood, CA
-
Sierus Erdelyi
-
Jeffrey Russell
Jeffrey Russell
Russell Realty Group
(626) 604-2792
115 Total Sales
2 in West Hollywood
$715,000 Price Range
-
Haleh Dolatshahi
Haleh Dolatshahi
Rodeo Realty- Brentwood
(424) 301-8260
12 Total Sales
1 in West Hollywood
$2,850,000 Price
-
Francisco Montes
Francisco Montes
Compass
(424) 414-7369
32 Total Sales
2 in West Hollywood
$1.5M - $2.3M Price Range
-
Peter Lavin
Peter Lavin
Links Real Estate
(562) 566-3472
41 Total Sales
2 in West Hollywood
$1.2M - $1.3M Price Range
-
Saundra Renard
Saundra Renard
The Desert Connection Realtors
(424) 323-4306
16 Total Sales
14 in West Hollywood
$575K - $1.9M Price Range
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 |
|---|---|---|---|
| $1,860,000 | Ticor Title Company | ||
| $1,772,327 | Wfg National-Default Services | ||
| $1,772,327 | Accommodation/Courtesy Recordi | ||
| $1,575,000 | Title 365 | ||
| -- | North American Title Company | ||
| $765,000 | Fidelity Van Nuys | ||
| -- | Investors Title Company | ||
| $530,000 | Investors Title Company | ||
| -- | None Available | ||
| -- | Alliance Title Company | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | Gateway Title Company | ||
| $999,000 | Gateway Title Company | ||
| -- | -- | ||
| $487,000 | Gateway Title | ||
| -- | Investors Title Company |
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 | $2,625,000 | ||
| Previous Owner | $1,700,000 | ||
| Previous Owner | $3,906,295 | ||
| Previous Owner | $1,141,875 | ||
| Previous Owner | $800,000 | ||
| Previous Owner | $625,500 | ||
| Previous Owner | $737,047 | ||
| Previous Owner | $737,047 | ||
| Previous Owner | $92,500 | ||
| Previous Owner | $650,000 | ||
| Previous Owner | $548,000 | ||
| Previous Owner | $389,600 |
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 | 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
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 | $20,029 | $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
101 Total Sales
-
Glen Scher
Seller Co-Listing Agent in 2025
Glen Scher
Marcus & Millichap
(818) 212-2700
61 Total Sales
-
Natty Redford
Buyer's Agent in 2025
Natty Redford
Carolwood Estates
(310) 880-9949
8 Total Sales
-
Jay Martinez
Seller's Agent in 2017
Jay Martinez
Beverly & Company Luxury Properties
(323) 377-8332
26 Total Sales
-
Gil Dirige
Seller Co-Listing Agent in 2017
Gil Dirige
Beverly & Company Luxury Properties
(310) 801-0317
24 Total Sales
-
Vlad Gold
Buyer's Agent in 2017
Vlad Gold
Forward One
(310) 403-3969
13 Total Sales
Map
Source: The MLS
MLS Number: 24-439631
APN: 5530-015-011
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.
© 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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