NOT LISTED FOR SALE

1316 Douglas St Los Angeles, CA 90026

Echo Park Neighborhood

Estimated Value: $2,821,000 - $3,392,038

0.17 Acre
$17,878,506 Price per Acre
7,500 Sq Ft Lot

Last Sold November 14, 2017

Last sale price $1,900,000 $1,554 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $19,787/month

About This Lot

As of November 2017

Opportunity to acquire two side by side parcels in popular Echo Park. Views, walkability and an amazing neighborhood! Mere steps to Sunset, Guisados and Winsome --- and only blocks to Dodger Stadium, DTLA and all that Echo Park has to offer. CASH BUYER AND QUICK CLOSE STRONGLY PREFERRED. DRIVE BY ONLY.

Last Agent to Sell the Property

Courtney N Smith

Compass License #01406768 Listed on: 11/09/2017

Last Buyer's Agent

Marcus McInerney

Reservoir Partners License #01848675

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $39,564

Lot Details

  • 7,500 Sq Ft Lot
  • Property is zoned LARD1.5

Property Views

  • City Lights Views

Listing and Financial Details

  • Assessor Parcel Number 5406-011-017

Property Details

Property Type

Land

Est. Annual Taxes

$39,564

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: No
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: City Lights
  • View: Yes

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5406-011-017
  • Geocode Override: No
  • Lot Size Area: 7500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2021
Sold by
Fundrise Efund Llc
Bought by
Douglas 10 Llc
Current Estimated Value
$3,011,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,214,000
Outstanding Balance
$8,297,146
Interest Rate
2.7%
Mortgage Type
Construction
Estimated Equity
-$5,257,800

Purchase Details

Closed on
Sep 2, 2020
Sold by
Sggp 1330 Douglas Llc
Bought by
Fundrise Efund Llc

Purchase Details

Listed on
Nov 9, 2017
Closed on
Nov 9, 2017
Sold by
Azmoodeh Farnaz
Bought by
Sggp 1300 Douglas Llc
Seller's Agent
Courtney N Smith
Compass
Buyer's Agent
Marcus McInerney
Reservoir Partners
List Price
$1,900,000
Sold Price
$1,900,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.26%
Original Mortgage
$2,923,350
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 28, 2016
Sold by
Royce Matthew M
Bought by
Azmoodeh Farnaz and Royce Matthew M

Purchase Details

Closed on
Jun 13, 2016
Sold by
Ra Projects Llc
Bought by
Royce Matthew and Azmoodeh Farnaz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 4, 2015
Closed on
Oct 19, 2015
Sold by
Te Nelson
Bought by
Ra Projects Llc
Seller's Agent
Sergio Herrera
Beverly Hills Real Estate Investments, I
Buyer's Agent
Marcus McInerney
Reservoir Partners
List Price
$749,000
Sold Price
$825,000
Premium/Discount to List
$76,000
10.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.25%
Original Mortgage
$494,000
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 2008
Sold by
Te Helen
Bought by
Te Nelson

Purchase Details

Closed on
Jun 27, 2005
Sold by
Sor Teav Hay
Bought by
Te Helen and Te Nelson
Source: Public Records

Range of Values:

Collateral Analytics

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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
Douglas 10 Llc $3,100,000 Fntg Builder Services
Fundrise Efund Llc -- Chicago Title
Sggp 1300 Douglas Llc $1,900,000 Lawyers Title
Azmoodeh Farnaz -- None Available
Royce Matthew -- Progressive Title
Ra Projects Llc $760,000 Wfg National Title Company
Te Nelson -- None Available
Te Helen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Douglas 10 Llc $9,214,000
Previous Owner Sggp 1300 Douglas Llc $2,923,350
Previous Owner Royce Matthew $500,000
Previous Owner Ra Projects Llc $494,000
Previous Owner Te Nelson $129,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2017 11/14/17 Sold $1,900,000 0.0% $1,554 / Sq Ft
11/09/2017 11/09/17 Pending -- -- --
11/09/2017 11/09/17 For Sale $1,900,000 +130.3% $1,554 / Sq Ft
10/28/2015 10/28/15 Sold $825,000 +10.1% $675 / Sq Ft
08/04/2015 08/04/15 For Sale $749,000 -- $612 / 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 $39,564 $3,361,585 $1,677,769 $1,683,816
2024 $39,564 $3,295,672 $1,644,872 $1,650,800
2023 $19,479 $1,612,620 $1,612,620 $0
2022 $18,560 $1,581,000 $1,581,000 $0
2021 $10,886 $915,000 $915,000 $0
2020 $11,368 $936,360 $936,360 $0
2019 $10,911 $918,000 $918,000 $0
2018 $10,788 $900,000 $900,000 $0
2017 $9,412 $775,200 $620,160 $155,040
2016 $9,204 $760,000 $608,000 $152,000
2015 $8,204 $683,038 $600,222 $82,816
2014 $7,043 $572,000 $503,100 $68,900
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Courtney N Smith

    Compass

    Section Image
  • Marcus McInerney

    Buyer's Agent in 2017

    Marcus McInerney

    Reservoir Partners

    (323) 316-6226

    2 in this area

    11 Total Sales

    Section Image

  • S

    Seller's Agent in 2015

    Sergio Herrera

    Beverly Hills Real Estate Investments, I

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Map

Source: The MLS

MLS Number: 17-288540

The MLS

APN: 5406-011-017

California Los Angeles County Los Angeles 90026 Echo Park

1316 Douglas St, Los Angeles, CA

This home is located at 1316 Douglas St, Los Angeles, CA 90026 since 09 November 2017 and is currently estimated at $3,039,346, approximately $2,485 per square foot. 1316 Douglas St is a home located in Los Angeles County with nearby schools including Logan Academy of Global Ecology, Ramón C. Cortines School of Visual and Performing Arts, and Belmont High School.

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