NOT LISTED FOR SALE

1333 S Ridgeley Dr Los Angeles, CA 90019

Miracle Mile Neighborhood

Estimated Value: $1,307,000 - $1,713,766

0.15 Acre
$10,216,866 Price per Acre
6,616 Sq Ft Lot

Last Sold March 21, 2023

Last sale price $1,200,000 $767 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $9,444/month

23 Days on Market

About This Lot

As of March 2023

Priced at land value. Seller will provide RTI/"shovel ready" well designed plans to build approximately a 4,564 SF Side by Side Modern Duplex (3+2.5+ Loft ea.) in Miracle Mile. Project is SB8 Approved and is designed for individual resale with a Condo map/Parcel Map in mind. Pro-Forma for rents are $8000/mo per unit x2 = $16,000/mo and a resale value of $1,850,000 each x 2 = $3,700,000. - Delivered Vacant! SECOND OPPORTUNITY- Buyer to amend sellers plans to add 2 x 2 story ADU's in the back to build a 4 unit rental property with projections of $23,000/mo in gross rental income- Buyer to verify.

Last Agent to Sell the Property

Michael Kafaei

Keller Williams Beverly Hills License #01373161 Listed on: 02/06/2023

Keller Williams Beverly Hills

Last Buyer's Agent

Aaron Belliston

BMR Enterprises License #01817110

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,974

Lot Details

  • 6,616 Sq Ft Lot
  • Property is zoned LAR2

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 5085-032-038

Property Details

Property Type

Land

Est. Annual Taxes

$14,974

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Advertising Remarks: Priced at land value. Seller will provide RTI/"shovel ready" well designed plans to build approximately a 4,564 SF Side by Side Modern Duplex (3+2.5+ Loft ea.) in Miracle Mile. Project is SB8 Approved and is designed for individual resale with a Condo map/Parcel Map in mind. Pro-Forma for rents are $8000/mo per unit x2 = $16,000/mo and a resale value of $1,850,000 each x 2 = $3,700,000. - Delivered Vacant! SECOND OPPORTUNITY- Buyer to amend sellers plans to add 2 x 2 story ADU's in the back to build a 4 unit rental property with projections of $23,000/mo in gross rental income- Buyer to verify. Contact listing agent at 310-279-8200. Michael@KafaeiRealEstate.com
  • Lot Acreage: 0.1519
  • Probate: No
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Any
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5085-032-038
  • Lot Size Area: 6616

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2023
Closed on
Mar 7, 2023
Sold by
Focus Line Llc
Bought by
Matanuska Llc
Seller's Agent
Michael Kafaei
Keller Williams Beverly Hills
Buyer's Agent
Aaron Belliston
BMR Enterprises
List Price
$1,224,900
Sold Price
$1,200,000
Premium/Discount to List
-$24,900
-2.03%
Views
78
Current Estimated Value
$1,551,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,942
Avg. Annual Appreciation
9.29%

Purchase Details

Listed on
Sep 1, 2021
Closed on
Jan 25, 2022
Sold by
Thomas Miles Jr
Bought by
Focus Line Llc
Seller's Agent
Taunee English
Lions Realty Group
Buyer's Agent
Michael Kafaei
Keller Williams Beverly Hills
List Price
$1,050,000
Sold Price
$1,075,000
Premium/Discount to List
$25,000
2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.22%

Purchase Details

Closed on
Apr 17, 1995
Sold by
Miles Thomas
Bought by
Miles Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
8.44%
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
Matanuska Llc $1,200,000 Lawyers Title Company
Focus Line Llc $1,074,545 Lawyers Title
Miles Thomas -- Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miles Thomas $803,600
Previous Owner Miles Thomas $593,646
Previous Owner Miles Thomas $200,000
Previous Owner Miles Thomas $184,000
Previous Owner Miles Thomas $118,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2023 03/21/23 Sold $1,200,000 -2.0% $767 / Sq Ft
03/01/2023 03/01/23 Pending -- -- --
02/06/2023 02/06/23 For Sale $1,224,900 +13.9% $783 / Sq Ft
02/03/2022 02/03/22 Sold $1,075,000 +2.4% $687 / Sq Ft
01/20/2022 01/20/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $1,050,000 0.0% $671 / Sq Ft
12/09/2021 12/09/21 Pending -- -- --
12/06/2021 12/06/21 Price Changed $1,050,000 +5.0% $671 / Sq Ft
12/04/2021 12/04/21 For Sale $999,997 -7.0% $639 / Sq Ft
11/04/2021 11/04/21 Off Market $1,075,000 -- --
11/04/2021 11/04/21 For Sale $999,997 -7.0% $639 / Sq Ft
10/05/2021 10/05/21 Off Market $1,075,000 -- --
09/09/2021 09/09/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $999,997 -- $639 / 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 $14,974 $998,784 $998,784 --
2024 $14,974 $1,224,000 $979,200 $244,800
2023 $13,445 $1,096,500 $767,550 $328,950
2022 $824 $52,609 $45,252 $7,357
2021 $802 $51,578 $44,365 $7,213
2019 $781 $50,050 $43,050 $7,000
2018 $730 $49,069 $42,206 $6,863
2016 $682 $47,166 $40,568 $6,598
2015 $674 $46,458 $39,959 $6,499
2014 $687 $45,549 $39,177 $6,372
Source: Public Records

Agents Affiliated with this Home

  • Michael Kafaei

    Seller's Agent in 2023

    Michael Kafaei

    Keller Williams Beverly Hills

    (310) 651-4326

    4 in this area

    31 Total Sales

    Michael Kafaei
    Section Image
  • Aaron Belliston

    Buyer's Agent in 2023

    Aaron Belliston

    BMR Enterprises

    (323) 839-4623

    2 in this area

    7 Total Sales

    Aaron Belliston
    Section Image
  • Taunee English

    Seller's Agent in 2022

    Taunee English

    Lions Realty Group

    (818) 679-6238

    1 in this area

    18 Total Sales

    Taunee English
    Section Image
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Map

Source: The MLS

MLS Number: 23-239263

The MLS

APN: 5085-032-038

California Los Angeles County Los Angeles 90019 Miracle Mile

1333 S Ridgeley Dr, Los Angeles, CA

This home is located at 1333 S Ridgeley Dr, Los Angeles, CA 90019 since 06 February 2023 and is currently estimated at $1,551,942, approximately $992 per square foot. 1333 S Ridgeley Dr is a home located in Los Angeles County with nearby schools including Saturn Street Elementary School, Fairfax High School, and New Los Angeles Charter.

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