NOT LISTED FOR SALE

Estimated Value: $1,278,949

4 Beds
2 Baths
2,148 Sq Ft
$595/Sq Ft Est. Value

Sale Details

Date Sold: December 27, 2023

Last sale price $1,150,000 $535 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $7,973 / mo

76 Days on Market

Highlights

  • City View
  • Gated Home
  • East Facing Home
  • 1-Story Property

About This Home

As of December 2023

Sold before processing. Entered on the MLS for Comp Purposes only. Attention Developers! Opportunity in the heart of Hollywood with plenty of potential. The 7,210 square foot lot is zoned RD1.5-1XL which gives developers an opportunity to either take advantage of the Transit Oriented Community (TOC) Tier 2 incentives or Executive Directive 1 (ED1) incentives. Taking advantage of TOC Tier 2 would allow a developer to build up to 5 units plus 1 ADU. ED1 would allow a developer to build between 20-30 affordable housing units with an expedited approval process. The property is completely paid off, vacant (no tenant relocation required), and no easements or encroachment per the Preliminary Title Report. Nestled just south of Fountain Ave in between Sunset Blvd. and Santa Monica Blvd., allows for convenient access to major freeway and public transportation options. This site is in a prime location for commuting, shopping, entertainment, and dining, which should assure a consistent demand for real estate for years to come. Don't miss your chance to purchase a prime development opportunity with so much potential! Land is vacant and ready to build.

Last Agent to Sell the Property

Andrew Rhoda

Carolwood Estates License #01879250 Listed on: 09/21/2023

Carolwood Estates

Co-Listed By

Kevin Pankow

Douglas Elliman of California, Inc. License #02068307

Last Buyer's Agent

Derrick Smith

Coldwell Banker Realty License #02019367

Coldwell Banker Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 7,212 Sq Ft Lot
  • Lot Dimensions are 48x150
  • East Facing Home
  • Gated Home
  • Value in Land
  • Tear Down

Home Design

  • Duplex
  • Major Repairs Completed
  • Flat Roof Shape

Interior Spaces

  • 2,148 Sq Ft Home
  • 1-Story Property
  • City Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Location

  • City Lot

Utilities

  • Sewer in Street
  • Cable TV Available

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5532-009-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

7,212 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Tear-Down
  • Levels: One
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Attention Developers! Opportunity in the heart of Hollywood with plenty of potential. The 7,210 square foot lot is zoned RD1.5-1XL which gives developers an opportunity to either take advantage of the Transit Oriented Community (TOC) Tier 2 incentives or Executive Directive 1 (ED1) incentives. Taking advantage of TOC Tier 2 would allow a developer to build up to 5 units plus 1 ADU. ED1 would allow a developer to build between 20-30 affordable housing units with an expedited approval process. The property is completely paid off, vacant (no tenant relocation required), and no easements or encroachment per the Preliminary Title Report.This site is in a prime location for commuting, shopping, entertainment, and dining, which should assure a consistent demand for real estate for years to come. Don't miss your chance to purchase a prime development opportunity with so much potential!
  • Alley: No
  • Building Permit: No
  • Entry Location: Main Level
  • Living Area: 2148
  • Lot Acreage: 0.1656
  • Lot Dimensions: 48x150
  • Probate: No
  • Property Condition: Repairs Major, Tear Down, Value Mainly In Land
  • Year Built: 1957
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 512.10

Exterior Features

  • Direction Faces: East
  • Construction: Combination
  • Other Structures: None
  • Paved: Yes
  • Pool: No
  • Roof: Flat
  • Spa Yn: No
  • View: City
  • View: Yes

Utilities

  • TV Svcs: Cable TV
  • Security: Gated
  • Sewer: In Street
  • Water: Public
  • Water Heaters: No

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Percent: 41.74
  • Assessed Improvement Value: 40501
  • Assessed Land Percent: 58.26
  • Assessed Land Value: 56522
  • Total Assessed Value: 97023
  • Assessor Parcel Number: 5532-009-004
  • Lot Description: Redevelopment Area, Value In Land, Tear Down On Lot, Single Lot, Sidewalks, Street Paved
  • Lot Location: City
  • Lot Size Area: 7212

Multi Family

  • Unit Type: 2106
  • Number Of Units: 2
  • Type Of Units: Duplex

MLS Schools

  • School District: Los Angeles Unified

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 21, 2023
Closed on
Dec 12, 2023
Sold by
Bought by
Seller's Agent
Andrew Rhoda
Carolwood Estates
Buyer's Agent
Derrick Smith
Coldwell Banker Realty
List Price
$1,100,000
Sold Price
$1,150,000
Premium/Discount to List
$50,000
4.55%
Current Estimated Value
$1,278,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,949
Avg. Annual Appreciation
4.17%

Purchase Details

Closed on
Jun 27, 2008
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Hollywood, CA

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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
$1,150,000 First American Title
-- Accommodation
-- Accommodation
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 $1,680,000
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
12/27/2023 12/27/23 Sold $1,150,000 +4.5% $535 / Sq Ft
09/21/2023 09/21/23 For Sale $1,100,000 -- $512 / Sq Ft
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 $14,222 $1,173,000 $1,122,000 $51,000
2024 $14,239 $1,150,000 $1,100,000 $50,000
2023 $1,610 $97,023 $56,522 $40,501
2022 $1,554 $95,121 $55,414 $39,707
2021 $1,522 $93,257 $54,328 $38,929
2020 $1,530 $92,301 $53,771 $38,530
2019 $1,486 $90,492 $52,717 $37,775
2018 $1,337 $88,719 $51,684 $37,035
2016 $1,260 $85,276 $49,678 $35,598
2015 $1,245 $83,996 $48,932 $35,064
2014 $1,266 $82,352 $47,974 $34,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-336087

The MLS

APN: 5532-009-004

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