NOT LISTED FOR SALE

Estimated Value: $1,780,000 - $2,092,176

0.17 Acre
$11,526,798 Price per Acre
7,304 Sq Ft Lot

Last Sold January 31, 2022

Last sale price $1,695,000 $881 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $12,241/month

40 Days on Market

About This Lot

As of January 2022

15 unit RTI entitled development site on the upper border of Toluca Lake, just a few blocks south of the Noho Arts district. The future development will sit on a lot size of 7,304 SF, and when complete, the property will offer 13,857 of gross SF (with approximately 11,055 of net rentable SF) with one level of subterranean parking and on grade parking for 17 cars. Permits are ready to issue (RTI). There are 3 affordable units. There is an existing duplex on the property which will be delivered completely vacant. The site sits in a CTCAC high resource location and is in CD2, Paul Krekorian. OM/Plans are available on request.

Last Agent to Sell the Property

Peter Ciriello

LA Commercial License #01418188 Listed on: 10/29/2021

Last Buyer's Agent

Peter Ciriello

LA Commercial License #01418188 Listed on: 10/29/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $21,472

Lot Details

  • 7,304 Sq Ft Lot
  • Lot Dimensions are 50x145
  • Property is zoned LAR3

Listing and Financial Details

  • Assessor Parcel Number 2421-015-004

Property Details

Property Type

Land

Est. Annual Taxes

$21,472

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Legal Description: LOT:4 SUBD:ATTANASIO CONTE TRACT ATTANAS1O CONTE TRACT LOT 4
  • Lot Acreage: 0.1677
  • Lot Dimensions: 50x145
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Public Street: Yes
  • Street Lights: Yes
  • View: No

Utilities

  • Cable: No
  • Electric: In Street
  • Gas: On Site
  • Sewer: On Site
  • Telephone: No
  • Water: On Site

Lot Info

  • Horses: No
  • Assessor Parcel Number: 2421-015-004
  • Land Value Percent: 80.00
  • Lot Description: 5 + Lots
  • Lot Size Area: 7304
  • Potential Usage: 15 unit multifamily
  • Present Use: vacant duplex
  • Units Per Acre: Over 40 Units/Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2021
Closed on
Dec 19, 2021
Sold by
Camarillo Apartments Llc
Bought by
Matana Holdings Llc
Seller's Agent
Peter Ciriello
LA Commercial
Buyer's Agent
Peter Ciriello
LA Commercial
List Price
$1,695,000
Sold Price
$1,695,000
Current Estimated Value
$1,933,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,044
Avg. Annual Appreciation
3.72%

Purchase Details

Closed on
Dec 10, 2018
Sold by
Golden State Investment Group Inc
Bought by
Camarillo Apartments Llc

Purchase Details

Listed on
May 3, 2017
Closed on
Sep 25, 2018
Sold by
Golden State Investment Group Inc
Bought by
Camarillo Apartments Llc
Seller's Agent
Tammy Jerome
Coldwell Banker Realty
List Price
$925,000
Sold Price
$965,000
Premium/Discount to List
$40,000
4.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.43%

Purchase Details

Closed on
May 16, 2018
Sold by
Krumm Margaret
Bought by
Golden State Investment Group Inc

Purchase Details

Closed on
Jul 27, 2011
Sold by
Krumm Margaret and Krumm Margaret Rose
Bought by
Krumm Margaret and Margaret Krumm Living Trust
Source: Public Records

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
Matana Holdings Llc $1,695,000 Stewart Title Company
Camarillo Apartments Llc -- None Available
Camarillo Apartments Llc -- None Available
Golden State Investment Group Inc $965,000 Equity Title Los Angeles
Krumm Margaret -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Krumm Margaret $82,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2022 01/31/22 Sold $1,695,000 0.0% $881 / Sq Ft
12/08/2021 12/08/21 Pending -- -- --
10/29/2021 10/29/21 For Sale $1,695,000 +75.6% $881 / Sq Ft
09/07/2018 09/07/18 Sold $965,000 +4.3% $501 / Sq Ft
05/20/2017 05/20/17 Pending -- -- --
05/03/2017 05/03/17 For Sale $925,000 -- $481 / Sq Ft
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
2025 $21,472 $1,798,745 $1,438,997 $359,748
2024 $21,472 $1,763,477 $1,410,782 $352,695
2023 $21,002 $1,728,900 $1,383,120 $345,780
2022 $12,082 $1,014,384 $811,508 $202,876
2021 $11,932 $994,496 $795,597 $198,899
2019 $11,573 $965,000 $772,000 $193,000
2018 $3,485 $274,160 $179,219 $94,941
2016 $3,314 $263,515 $172,260 $91,255
2015 $3,267 $259,558 $169,673 $89,885
2014 $3,286 $254,475 $166,350 $88,125
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-108205

The MLS

APN: 2421-015-004