NOT LISTED FOR SALE

Estimated Value: $965,000 - $1,224,213

0.16 Acre
$6,869,021 Price per Acre
6,901 Sq Ft Lot

Last Sold July 02, 2024

Last sale price $1,100,000 $646 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $6,380/month

49 Days on Market

About This Lot

As of July 2024

PRICE REDUCED! Calling all contractors, developers, and Opportunity Zone investors! We are pleased to present for sale a 9 unit RTI development opportunity in PRIME North Hollywood! Approved Plans call for a 4-story 9 unit apartment building with ON-GRADE PARKING and rooftop deck! Unit mix consists of five 2 Bedroom + four 1 Bedroom units, with 2 of the 9 units set aside for very low income, and a total of 10 parking spaces. Total Building Area is 7,510 sqft and the lot size of 6,898 sqft is fully FLAT. The site is situated in the heart of North Hollywood less than 1 mile from the new NOHO WEST complex (Trader Joes, Creamistry, Regal Cinemas, Nordstrom Rack & LA Fitness!!) and less than 2 miles from the NOHO ARTS district!! Take advantage of a "ready to go" project and avoid the lengthy and costly entitlement process, seller has already paid permit fees of ~$75,000!! The site also lies within a qualified Opportunity Zone = potential for future tax savings! Current improvements include a duplex that will be delivered VACANT, no dealing with tenant relocation here. Do not miss this opportunity to build in the heart of North Hollywood close to all shopping, restaurants, transportation, and entertainment that NoHo has to offer. Contact listing agent for more details!

Last Agent to Sell the Property

Daniel Shamooelian

Keller Williams Beverly Hills License #01984269 Listed on: 05/01/2024

Keller Williams Beverly Hills

Last Buyer's Agent

Amber Rueda

LPT Realty, Inc License #01878189

LPT Realty, Inc

Property Details

Property Type

  • Land

Lot Details

  • 6,901 Sq Ft Lot
  • Lot Dimensions are 47x145
  • Property is zoned LAR3

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2334-014-050

Property Details

Property Type

Land

Lot Details

6,901 Sq Ft Lot

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.1584
  • Lot Dimensions: 47x145
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 2334-014-050
  • Lot Size Area: 6901

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2025
Sold by
4Mb Development
Bought by
4Mb Development Llc
Current Estimated Value
$1,088,053

Purchase Details

Listed on
May 1, 2024
Closed on
Jun 28, 2024
Sold by
Gal Oron
Bought by
4Mb Development
Seller's Agent
Daniel Shamooelian
Keller Williams Beverly Hills
Buyer's Agent
Amber Rueda
LPT Realty, Inc
List Price
$1,350,000
Sold Price
$1,100,000
Premium/Discount to List
-$250,000
-18.52%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.63%

Purchase Details

Closed on
Jul 24, 2019
Sold by
Oxnard New Homes Llc
Bought by
Gal Oron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 3, 2010
Sold by
Gal Ilan
Bought by
Oxnard New Homes Llc

Purchase Details

Closed on
Sep 13, 2010
Sold by
Ing Bank Fsb
Bought by
Gal Ilan

Purchase Details

Closed on
Jun 22, 2010
Sold by
Hemmens Nathan Elliot and Hemmens Roohinee S
Bought by
Ing Bank Fsb

Purchase Details

Closed on
Mar 22, 2006
Sold by
Galadzhyan Khachik
Bought by
Hemmens Nathan Elliot

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2004
Sold by
Galadzhyan Lucin
Bought by
Galadzhyan Khachik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,200
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 2004
Sold by
Wong Hing F and Wong Estela S
Bought by
Galadzhyan Khachik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,200
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage
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
4Mb Development Llc -- None Listed On Document
4Mb Development $1,100,000 California Title Company
Gal Oron -- Stewart Title
Oxnard New Homes Llc -- None Available
Gal Ilan $253,000 Equity Title Los Angeles
Ing Bank Fsb $277,541 Accommodation
Hemmens Nathan Elliot $640,000 Fidelity National Title
Galadzhyan Khachik -- North American Title Co
Galadzhyan Khachik $345,500 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gal Oron $350,000
Previous Owner Hemmens Nathan Elliot $512,000
Previous Owner Galadzhyan Khachik $276,200
Closed Galadzhyan Khachik $51,787
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2024 07/02/24 Sold $1,100,000 -7.9% $646 / Sq Ft
06/19/2024 06/19/24 Pending -- -- --
06/11/2024 06/11/24 Price Changed $1,195,000 -8.0% $701 / Sq Ft
05/21/2024 05/21/24 Price Changed $1,299,000 -3.8% $762 / Sq Ft
05/14/2024 05/14/24 For Sale $1,350,000 0.0% $792 / Sq Ft
05/09/2024 05/09/24 Pending -- -- --
05/01/2024 05/01/24 For Sale $1,350,000 -- $792 / Sq Ft
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 $7,881 $1,100,000 $1,100,000 --
2024 $7,881 $616,513 $428,879 $187,634
2023 $7,734 $604,425 $420,470 $183,955
2022 $7,385 $592,575 $412,226 $180,349
2021 $7,293 $580,957 $404,144 $176,813
2019 $3,875 $290,566 $252,668 $37,898
2018 $3,736 $284,869 $247,714 $37,155
2016 $3,563 $273,809 $238,096 $35,713
2015 $3,514 $269,697 $234,520 $35,177
2014 $3,538 $264,415 $229,927 $34,488
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-384901

The MLS

APN: 2334-014-050

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