NOT LISTED FOR SALE

1516 W 58th Place Los Angeles, CA 90047

Harvard Park Neighborhood

Estimated Value: $564,439 - $688,000

0.1 Acre
$6,158,291 Price per Acre
4,281 Sq Ft Lot

Last Sold April 08, 2024

Last sale price $425,000

Est. 42% increase in value since last sale

Current estimated payment $3,488/month

30 Days on Market

About This Lot

As of April 2024

Zoned for commercial, industrial, and residential! We are pleased to present a 100% vacant land development opportunity located at 1516 W 58th St. Los Angeles, CA 90062! Totaling +/-4,281sfof LACM zoned land with and Tier 1 TOC, there's potential for a developer to execute on either a market rate residential development, affordable housing development, or even a contractor needing a yard space for storage. As a 100% affordable ED1 development, there's potential for a 20-25 unit development with no parking requirements with an affordable stick on grade type construction. With its close proximity to the 110 Freeway and Downtown Los Angeles, the property is well positioned for a developer seeking a well-located property with high rental demands, or for a commercial/industrial user needing affordable land to operate their business on. Nearby developments include the installation of the Slauson bike path, which provides significant upgrades for transportation throughout the surrounding community. Buyer shall complete their own due diligence to determine the development potential. For more information please contact the listing broker.

Last Agent to Sell the Property

Casey Lins

Kidder Mathews of California, Inc. License #01902650 Listed on: 02/21/2024

Last Buyer's Agent

Andrianna Chakava

Coldwell Banker Realty License #02135498

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,580

Lot Details

  • 4,281 Sq Ft Lot
  • Property is zoned LACM

Property Views

  • City Views

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5003-034-004

Property Details

Property Type

Land

Est. Annual Taxes

$2,580

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.0983
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: City
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5003-034-004
  • Lot Size Area: 4281

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2025
Sold by
Ramos Leticia B and Ramos Berta Leticia
Bought by
Ramos-Alcaraz Family Trust and Ramos
Current Estimated Value
$605,360

Purchase Details

Closed on
Mar 16, 2012
Sold by
Lee Woodard Andrew and Woodard Lee Andrew
Bought by
Ramos Leticia B
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Ramos-Alcaraz Family Trust -- None Listed On Document
Ramos Leticia B $85,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramos Berta L $170,000
Previous Owner Ramos Berta L $50,000
Previous Owner Ramos Berta L $125,000
Previous Owner Ramos Berta L $110,500
Previous Owner Ramos Berta L $83,851
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2024 04/08/24 Sold $425,000 -10.5% --
03/22/2024 03/22/24 Pending -- -- --
02/21/2024 02/21/24 For Sale $475,000 +115.9% --
03/02/2023 03/02/23 Sold $220,000 -32.3% --
02/21/2023 02/21/23 Pending -- -- --
12/07/2022 12/07/22 For Sale $325,000 -- --
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 $2,580 $200,955 $150,720 $50,235
2024 $2,580 $197,015 $147,765 $49,250
2023 $2,537 $193,153 $144,868 $48,285
2022 $2,427 $189,367 $142,028 $47,339
2021 $2,392 $185,655 $139,244 $46,411
2019 $2,324 $180,151 $135,115 $45,036
2018 $2,258 $176,619 $132,466 $44,153
2016 $2,155 $169,763 $127,323 $42,440
2015 $2,125 $167,214 $125,411 $41,803
2014 $2,141 $163,940 $122,955 $40,985
Source: Public Records

Agents Affiliated with this Home

  • Casey Lins

    Seller's Agent in 2024

    Casey Lins

    Kidder Mathews of California, Inc.

    (714) 333-6768

    1 in this area

    50 Total Sales

    Casey Lins
    Section Image
  • Andrianna Chakava

    Buyer's Agent in 2024

    Andrianna Chakava

    Coldwell Banker Realty

    (310) 709-4413

    1 in this area

    21 Total Sales

    Andrianna Chakava
    Section Image

  • A

    Seller's Agent in 2023

    Andres Diaz

    Keller Williams Downtown LA

    Section Image
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Map

Source: The MLS

MLS Number: 24-360695

The MLS

APN: 6002-006-034

California Los Angeles County Los Angeles 90047 Harvard Park

1516 W 58th Place, Los Angeles, CA

This home is located at 1516 W 58th Place, Los Angeles, CA 90047 since 21 February 2024 and is currently estimated at $605,360. 1516 W 58th Place is a home located in Los Angeles County with nearby schools including John Muir Middle School, Augustus F. Hawkins High A Critical Design And Gaming, and Budlong Avenue Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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