$1,900,000
SOLD SEP 24, 2019 RENTED JUL 25, 2025
0.19 Acre
$10,000,000 Price per Acre
8,501 Sq Ft Lot

Recently Sold

$896 Per Sq Ft

10% Below List Price

15 Days on Market

About This Lot

As of October 2021

Calling all investors and contractors! We are pleased to announce for sale an opportunity to build 5 single family ( small lot subdivision) luxury homes in the highly coveted neighborhood of Faircrest Heights! The offering consists of an 8,500 sf lot zoned R3. Each home will consist of approximately 1,970 sqft, 3 br 2.5baths, 3 stories, and two car garages. New construction homes in the area selling for around $600/SF! Property will be delivered RTI with approved plans at the close of escrow. Plan summary attached. Buyer can build condos if desired. Don't miss this amazing opportunity to develop in one of the most desirable neighborhoods of Los Angeles! (Photo is a rendering, not actual building)

Last Agent to Sell the Property

Daniel Shamooelian

Keller Williams Beverly Hills License #01984269 Listed on: 01/23/2019

Keller Williams Beverly Hills

Last Buyer's Agent

Daniel Shamooelian

Keller Williams Beverly Hills License #01984269 Listed on: 01/23/2019

Keller Williams Beverly Hills

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $18,182

Lot Details

  • 8,501 Sq Ft Lot
  • Property is zoned LAR3

Listing and Financial Details

  • Assessor Parcel Number 5068-017-036

Property Details

Property Type

Land

Est. Annual Taxes

$18,182

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Assessor Parcel Number: 5068-017-036
  • Geocode Override: No
  • Lot Size Area: 8501

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2021
Sold by
Onward Capital Llc
Bought by
Sclomof Michael and The Sclomof Living Trust
Current Estimated Value
$1,543,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$760,834
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$783,125

Purchase Details

Closed on
Dec 7, 2021
Sold by
Hidden Hills Project Llc
Bought by
Onward Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$760,834
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$783,125

Purchase Details

Listed on
Apr 8, 2021
Closed on
Oct 1, 2021
Sold by
Onward Capital Llc
Bought by
Needleman Alexander and Granott Zohar
Seller's Agent
Serena Shlomof
Onward Capital, Inc.
Buyer's Agent
Outside Agent
List Price
$1,450,000
Sold Price
$1,450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.64%
Original Mortgage
$1,160,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 8, 2021
Closed on
Sep 14, 2021
Sold by
Onward Capital Llc
Bought by
Abaya Lonnie Ian Medina and Kang Jennifer Sun
Seller's Agent
Serena Shlomof
Onward Capital, Inc.
Buyer's Agent
Outside Agent
List Price
$1,450,000
Sold Price
$1,450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,160,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 23, 2019
Closed on
Sep 20, 2019
Sold by
Park Jun Tae and Park Ji Ae
Bought by
Onward Capital Llc
Seller's Agent
Daniel Shamooelian
Keller Williams Beverly Hills
Buyer's Agent
Daniel Shamooelian
Keller Williams Beverly Hills
List Price
$2,100,000
Sold Price
$1,900,000
Premium/Discount to List
-$200,000
-9.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.47%

Purchase Details

Closed on
Nov 8, 2012
Sold by
Park Jun Tae
Bought by
Park Jun Tae and Park Ji Ae

Purchase Details

Closed on
Mar 4, 2010
Sold by
Bailey Lucretia Marlene
Bought by
Park Jun Tae

Purchase Details

Closed on
Feb 17, 2010
Sold by
Park Ji Ae
Bought by
Park Jun Tae
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 Type Sale Price Title Company
Grant Deed -- First American Title Company
Grant Deed -- First American Title Company
Grant Deed $1,450,000 Fidelity Natl Ttl Builder Sv
Grant Deed $1,400,000 Chicago Title Company
Grant Deed $1,450,000 Fidelity National Title
Grant Deed $1,900,000 North American Title
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed $485,000 Ticor Title Company
Interfamily Deed Transfer -- Ticor Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $800,000 New Conventional
Previous Owner $1,160,000 New Conventional
Previous Owner $1,160,000 New Conventional
Previous Owner $1,120,000 New Conventional
Previous Owner $2,794,875 Construction
Previous Owner $550,000 Unknown
Previous Owner $380,000 New Conventional
Previous Owner $388,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Rented $6,500 0.0% --
06/11/2025 06/11/25 For Rent $6,500 0.0% --
10/04/2021 10/04/21 Sold $1,450,000 0.0% $736 / Sq Ft
05/31/2021 05/31/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $1,450,000 -23.7% $736 / Sq Ft
09/24/2019 09/24/19 Sold $1,900,000 -9.5% $896 / Sq Ft
02/07/2019 02/07/19 Pending -- -- --
01/23/2019 01/23/19 For Sale $2,100,000 -- $991 / 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 $18,182 $1,538,751 $1,077,126 $461,625
2024 $18,182 $1,508,580 $1,056,006 $452,574
2023 $17,828 $1,479,000 $1,035,300 $443,700
2022 $16,934 $1,450,000 $1,015,000 $435,000
2021 $43,372 $3,652,984 $1,919,684 $1,733,300
2020 $25,141 $1,900,000 $1,900,000 $0
2019 $7,029 $561,209 $404,998 $156,211
2018 $6,868 $550,206 $397,057 $153,149
2016 $6,559 $528,843 $381,640 $147,203
2015 $6,465 $520,900 $375,908 $144,992
2014 $6,499 $510,697 $368,545 $142,152
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-426836

The MLS

APN: 5068-017-063