$1,275,000
SOLD MAY 26, 2025
0.17 Acre
$7,404,181 Price per Acre
7,502 Sq Ft Lot

Recently Sold

$471 Per Sq Ft

7% Below List Price

85 Days on Market

About This Lot

As of May 2025

Prime development opportunity located in Korea Town within Qualified Opportunity Zone. Vacant 7,500sf flat lot, zoned R3-1, Tier 3 TOC, presents an amazing opportunity to develop up to 59-units affordable housing project with NO parking requirements or up to 30 units (mostly market rate units) under the new CHIP program. The land comes with an approved set of plans with ready to issue permits (RTI) to build a 15-unit apartment building over a single level subterranean garage. This site is located within a few minutes walking distance to Vermont/Beverly Metro Station (B-Line) and is otherwise centrally positioned within a highly densely populated neighborhood with high demand for rental units.

Last Agent to Sell the Property

Vlad Gold

Keller Williams Hollywood Hills License #01340166 Listed on: 01/07/2025

Keller Williams Hollywood Hills

Last Buyer's Agent

Runjing Chen

Coldwell Banker Realty Pasadena License #01491272

Coldwell Banker Realty Pasadena

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,396

Lot Details

  • 7,502 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Property is zoned LAR3

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5518-027-003

Property Details

Property Type

Land

Est. Annual Taxes

$15,396

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.1722
  • Lot Dimensions: 50x150
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5518-027-003
  • Lot Size Area: 7502

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2025
Sold by
Berendo Holding Llc
Bought by
146 N Berendo Street Llc
Current Estimated Value
$1,322,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$828,750
Interest Rate
6.62%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 26, 2021
Sold by
Gold Capital Group Llc
Bought by
Berendo Holdings Llc

Purchase Details

Closed on
Oct 29, 2018
Sold by
Gold Natalia
Bought by
Gold Capital Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
6.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 13, 2018
Sold by
Gold Capital Group Llc
Bought by
Gold Natalia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
6.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 2, 2018
Closed on
Apr 26, 2018
Sold by
Berendo Developers Llc
Bought by
Gold Capital Group Llc
Seller's Agent
Vinnie Park
Keller Williams Larchmont
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,198,000
Sold Price
$1,115,000
Premium/Discount to List
-$83,000
-6.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.34%
Original Mortgage
$960,000
Interest Rate
4.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 2018
Sold by
Marylander Michael
Bought by
Berendo Developers Llc

Purchase Details

Listed on
Dec 8, 2016
Closed on
Jan 20, 2017
Sold by
Marylander Natsima
Bought by
Marylander Michael
Seller's Agent
Sharona Farhadian
Sotheby's International Realty
Buyer's Agent
Sharona Farhadian
Sotheby's International Realty
List Price
$949,000
Sold Price
$955,000
Premium/Discount to List
$6,000
0.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.85%
Original Mortgage
$94,525
Interest Rate
4.32%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Dec 8, 2016
Closed on
Dec 28, 2016
Sold by
Lampano Danilo S
Bought by
Marylander Michael
Seller's Agent
Sharona Farhadian
Sotheby's International Realty
Buyer's Agent
Sharona Farhadian
Sotheby's International Realty
List Price
$949,000
Sold Price
$955,000
Premium/Discount to List
$6,000
0.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,525
Interest Rate
4.32%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 2, 2013
Sold by
Lampano Danilo S
Bought by
Lampano Danilo S and Lampano Leonisa A
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 $1,275,000 First American Title Company
Quit Claim Deed -- Accommodation
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- None Available
Grant Deed -- Lawyers Title
Grant Deed $1,115,000 Equity Title Co
Grant Deed $150,000 None Available
Interfamily Deed Transfer -- First American Title Co
Grant Deed $955,000 First American Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $828,750 Construction
Previous Owner $964,000 Commercial
Previous Owner $960,000 Adjustable Rate Mortgage/ARM
Previous Owner $960,000 Adjustable Rate Mortgage/ARM
Previous Owner $960,000 Commercial
Previous Owner $94,525 Credit Line Revolving
Previous Owner $764,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2025 05/26/25 Sold $1,275,000 -7.3% $471 / Sq Ft
04/02/2025 04/02/25 Pending -- -- --
01/07/2025 01/07/25 For Sale $1,375,000 +23.3% $508 / Sq Ft
05/01/2018 05/01/18 Sold $1,115,000 -6.9% $412 / Sq Ft
03/02/2018 03/02/18 For Sale $1,198,000 +25.4% $443 / Sq Ft
02/01/2017 02/01/17 Sold $955,000 +0.6% $353 / Sq Ft
12/08/2016 12/08/16 For Sale $949,000 -- $351 / 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 $15,396 $1,268,675 $1,014,941 $253,734
2024 $15,396 $1,243,800 $995,041 $248,759
2023 $15,103 $1,219,413 $975,531 $243,882
2022 $14,409 $1,195,503 $956,403 $239,100
2021 $14,226 $1,172,062 $937,650 $234,412
2020 $14,371 $1,160,045 $928,036 $232,009
2019 $13,804 $1,137,300 $909,840 $227,460
2018 $11,954 $974,100 $779,280 $194,820
2016 $2,013 $146,799 $61,486 $85,313
2015 $1,987 $144,595 $60,563 $84,032
2014 $2,005 $141,763 $59,377 $82,386
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25-477901

The MLS

APN: 5518-027-003