$910,000
SOLD JUN 18, 2019
0.12 Acre
$7,824,592 Price per Acre
5,066 Sq Ft Lot

Recently Sold

$449 Per Sq Ft

3% Above List Price

10 Days on Market

Highlights

  • Property is near a park
  • Corner Lot
  • No HOA
  • North Hollywood Senior High School Rated A
  • Private Yard
  • Neighborhood Views

About This Lot

As of June 2019

11229 Peach Grove Street is an adorable duplex situated on an LAR3 corner lot in the center of the NoHo Arts District. This property offers unlimited options for developers, investors and owner occupiers! One unit will be delivered vacant at close of escrow and there is potential for the other unit to be delivered vacant as well (not guaranteed).

1. Build! This property is on a LAR3 lot in a Tier 1 Transit Oriented Community. What does LAR3 with Tier 1 TOC mean? You can obtain a 50% density bonus and by right, you can build one unit per 800 square feet of land! That comes out to 9 units (buyer must do their own due diligence, seller and agent make no guarantees). Our recent new construction sales in this area have gone for $497-$499 per square foot, a great sign that a new construction project in this location would be profitable!

2. Owner occupy! With the charming 2 bedroom, 1 bathroom unit being delivered vacant, this provides buyers an ideal opportunity to move right in!
Collect income from the 1 bedroom, 1 bathroom to help pay the mortgage!

3. Invest/fix and flip! These cottage-like units are truly charming and would be the perfect candidate for a light renovation! Both units have their own walk up, private yard/patio, and washer/dryer!

11229 Peach Grove is located in the heart of the outrageously trendy NoHo Arts District. It is steps away from a wide selection of lively bars, restaurants, and entertainment.

Last Agent to Sell the Property

Elizabeth Maddox

Myunits.com Inc. License #01921425 Listed on: 04/11/2019

Co-Listed By

Ian Maddox

Myunits.com Inc. License #02030205

Last Buyer's Agent

Elizabeth Maddox

Myunits.com Inc. License #01921425 Listed on: 04/11/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,525

Lot Details

  • 5,066 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Wrought Iron Fence
  • Corner Lot
  • Level Lot
  • The property's topography is rolling/hilly
  • Private Yard
  • Lawn
  • Front Yard
  • Value in Land
  • Property is zoned LAR3

Home Design

  • Patio Home

Additional Features

  • Neighborhood Views
  • Property is near a park

Listing and Financial Details

  • Tax Lot 34
  • Assessor Parcel Number 2353021021
  • 1% Total Tax Rate

Community Details

Overview

  • No Home Owners Association

Recreation

  • Exterior Lighting
  • Rain Gutters

Property Details

Property Type

Land

Est. Annual Taxes

$10,525

Lot Details

0

Listing Details

  • View: Yes
  • Zoning: LAR3
  • Property Type: Land
  • Parcel Number: 2353021021
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 179.63

Exterior Features

  • View: Neighborhood
  • Fencing: Wrought Iron

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Topography: Rolling/Hilly
  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Lawn, Level, Park Nearby, Patio Home, Value In Land, Yard
  • Lot Size: 50x100
  • Lot Size Sq Ft: 5066.00
  • Lot Size Acres: 0.1163

Multi Family

  • Lot Size Area: 5066.0000 Square Feet

Tax Info

  • Tax Area: 42
  • Tax Lot: 34
  • Tax Rate: 1.19
  • Tax Rate Total: 1.19
  • Tax Tract: 8194
  • Tax Annual Amount: 10525.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2021
Sold by
Dream Space Residential Llc
Bought by
11229Peachgrove Llc
Current Estimated Value
$1,552,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 11, 2019
Closed on
Aug 1, 2019
Sold by
Charisky Oren and Charisky Dana
Bought by
Dream Space Residential Llc
Seller's Agent
Elizabeth Maddox
Myunits.com Inc.
Buyer's Agent
Elizabeth Maddox
Myunits.com Inc.
List Price
$880,000
Sold Price
$910,000
Premium/Discount to List
$30,000
3.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.04%
Original Mortgage
$637,000
Interest Rate
3.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Apr 11, 2019
Closed on
May 2, 2019
Sold by
Koizumi Kayoko
Bought by
Charisky Oren and Charisky Dana
Seller's Agent
Elizabeth Maddox
Myunits.com Inc.
Buyer's Agent
Elizabeth Maddox
Myunits.com Inc.
List Price
$880,000
Sold Price
$910,000
Premium/Discount to List
$30,000
3.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,000
Interest Rate
4.1%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Grant Deed -- Accommodation
Warranty Deed -- Stewart Title Company
Grant Deed $910,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,250,000 Commercial
Previous Owner $637,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $637,000 New Conventional
Previous Owner $98,000 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $158,000 Unknown
Previous Owner $163,000 Unknown
Previous Owner $11,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2020 12/01/20 Rented $3,995 0.0% --
11/02/2020 11/02/20 Price Changed $3,995 -4.9% $3 / Sq Ft
10/07/2020 10/07/20 For Rent $4,200 0.0% --
06/18/2019 06/18/19 Sold $910,000 +3.4% $449 / Sq Ft
04/21/2019 04/21/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $880,000 -- $434 / Sq Ft
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
2025 $23,198 $1,911,960 $776,487 $1,135,473
2024 $23,198 $1,874,471 $761,262 $1,113,209
2023 $11,976 $967,082 $746,336 $220,746
2022 $11,419 $948,120 $731,702 $216,418
2021 $11,277 $929,530 $717,355 $212,175
2020 $11,488 $928,200 $714,000 $214,200
2019 $5,204 $420,534 $252,324 $168,210
2018 $5,118 $412,289 $247,377 $164,912
2016 $4,876 $396,281 $237,772 $158,509
2015 $4,805 $390,330 $234,201 $156,129
2014 $4,830 $382,685 $229,614 $153,071
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB19081898

California Regional Multiple Listing Service (CRMLS)

APN: 2353-021-021