1420 S Point View St Los Angeles, CA 90035
Mid-City NeighborhoodEstimated payment $18,711/month
Total Views
4,324
0.21
Acre
$13,972,986
Price per Acre
9,352
Sq Ft Lot
About This Lot
We are thrilled to present a prime development opportunity at 1420 S Point View St, Los Angeles, CA. This project is ready for immediate construction, as the plans have been fully approved and are RTI (Ready to Issue). The previous structure on the lot has already been demolished, allowing for a swift construction start date. The approved plans outline the development of 28 apartment units, totaling 30,115 square feet of gross building area. The proposed design includes 3 studio/one-bath units, 6 one-bedroom/one-bath units, and 19 two-bedroom/two-bath units, with three apartments designated for extremely low-income tenants.1420 S Point View St is located in Pico-Robertson neighborhood of Los Angeles, which has an average household income of nearly $117,000 within a one-mile radius, highlighting its appeal to high-earning renters. This location is surrounded by a diverse range of restaurants, nightlife, and shopping options. It is just a short drive from attractions such as LACMA, The Grove, and The Farmers Market. The area is rated as "Very Walkable" by Walk Score, and easy access to the 10 Freeway makes commuting around Los Angeles convenient.
Property Details
Property Type
- Land
Est. Annual Taxes
- $24,945
Year Built
- 1931
Lot Details
- 9,352 Sq Ft Lot
- Lot Dimensions are 55x170
- Property is zoned LAR3
Utilities
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 5068-012-024
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $24,945 | $2,041,396 | $1,840,604 | $200,792 |
| 2023 | $24,462 | $2,001,369 | $1,804,514 | $196,855 |
| 2022 | $23,326 | $1,962,128 | $1,769,132 | $192,996 |
| 2021 | $23,046 | $1,923,656 | $1,734,444 | $189,212 |
| 2019 | $22,356 | $1,866,600 | $1,683,000 | $183,600 |
| 2018 | $22,168 | $1,830,000 | $1,650,000 | $180,000 |
| 2017 | $1,132 | $78,351 | $39,532 | $38,819 |
| 2016 | $1,084 | $76,815 | $38,757 | $38,058 |
| 2015 | $1,070 | $75,662 | $38,175 | $37,487 |
| 2014 | $1,085 | $74,181 | $37,428 | $36,753 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/20/2025 03/20/25 | Price Changed | $3,000,000 | -14.3% | -- |
| 12/06/2024 12/06/24 | For Sale | $3,500,000 | +91.3% | -- |
| 12/08/2017 12/08/17 | Sold | $1,830,000 | +1.7% | $951 / Sq Ft |
| 10/17/2017 10/17/17 | Pending | -- | -- | -- |
| 09/27/2017 09/27/17 | For Sale | $1,800,000 | -- | $935 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,830,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Gateway Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | California Counties Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,190,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $875,000 | Credit Line Revolving | |
| Previous Owner | $135,000 | New Conventional | |
| Previous Owner | $84,000 | Assumption |
Source: Public Records
Similar Properties in the area
Source: The MLS
MLS Number: 24-470149
APN: 5068-012-024
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