NOT LISTED FOR SALE

1518 Colton St Los Angeles, CA 90026

Westlake Neighborhood

Estimated Value: $661,000 - $833,000

0.35 Acre
$2,106,514 Price per Acre
15,447 Sq Ft Lot

Last Sold March 08, 2021

Last sale price $400,000

Est. 87% increase in value since last sale

Current estimated payment $4,075/month

4 Days on Market

Highlights

  • City View
  • 15,447 Sq Ft lot
  • 3-minute walk to Patton Street Park

About This Lot

As of March 2021

APN: 5159-015-031, 030, 029 (THREE LOTS TOTAL). Two contiguous assemblages being offered separately. (MLS# 21-692168 for Rockwood assemblage; APN 5159-015-015, 014, 013, THREE lots total). The assemblages fronts two streets, Colton St (129 LF frontage) and Rockwood St (140 LF frontage) and are separated by 20 alley in between each assemblage. The Colton assemblage is 15,450 Sq Ft (TOC Tier 1) and the Rockwood Assemblage (TOC Tier 1) is app 17,500 Sq Ft. A second alley on the right side on each assemblage runs from Colton St to Rockwood St. There is a cumulative total of appx 458 of 20 alley frontage which can increase your density while providing more ingress/egress. TOC permits 35% density bonus. There are THREE oil wells on the lots. The development opportunity is centrally located in the most dynamic area of Echo Park. Bordered by Los Feliz, Silver Lake, Downtown LA and Hollywood. SELLER MAY CONSIDER LONG ESCROW.

Last Agent to Sell the Property

Shawn Kormondy

Keller Williams Beverly Hills License #01451888 Listed on: 02/11/2021

Keller Williams Beverly Hills

Last Buyer's Agent

Sabina Yi

Keller Williams Beverly Hills License #01964836

Keller Williams Beverly Hills

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,987

Lot Details

  • 0.35 Acre Lot
  • Property is zoned LARD2

Property Views

  • City Views

Listing and Financial Details

  • Assessor Parcel Number 5159-015-031

Property Details

Property Type

Land

Est. Annual Taxes

$1,987

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Advertising Remarks: APN: 5159-015-031, 030, 029 (THREE LOTS TOTAL). Two contiguous assemblages being offered separately. (MLS# 21-692168 for Rockwood assemblage; APN 5159-015-015, 014, 013, THREE lots total). The assemblages fronts two streets, Colton St (129 LF frontage) and Rockwood St (140 LF frontage) and are separated by 20 alley in between each assemblage. The Colton assemblage is 15,450 Sq Ft (TOC Tier 1) and the Rockwood Assemblage (TOC Tier 1) is app 17,500 Sq Ft. A second alley on the right side on each assemblage runs from Colton St to Rockwood St. There is a cumulative total of appx 458 of 20 alley frontage which can increase your density while providing more ingress/egress. TOC permits 35% density bonus. There are THREE oil wells on the lots. The development opportunity is centrally located in the most dynamic area of Echo Park. Bordered by Los Feliz, Silver Lake, Downtown LA and Hollywood. SE
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: City
  • View: Yes

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5159-015-031
  • Lot Description: 2-4 Lots
  • Lot Location: Alley Access
  • Lot Size Area: 15447
  • Site Decription: City
  • Topography: Varied

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2017
Sold by
Kim Tony T
Bought by
Colton Creek Lp
Current Estimated Value
$747,000

Purchase Details

Closed on
Apr 1, 2006
Sold by
Kim Tony T
Bought by
Kim Tony T and Kim Hannah

Purchase Details

Closed on
Mar 10, 2005
Sold by
Spahl Walter F
Bought by
Kim Tony and Kim Hannah
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
Colton Creek Lp -- None Available
Kim Tony T -- Accommodation
Kim Tony -- North American Title Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2021 03/08/21 Sold $400,000 0.0% --
02/15/2021 02/15/21 Pending -- -- --
02/11/2021 02/11/21 For Sale $400,000 -- --
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 $1,987 $162,364 $162,364 --
2024 $1,987 $159,181 $159,181 --
2023 $1,953 $156,060 $156,060 $0
2022 $1,865 $153,000 $153,000 $0
2021 $4,013 $334,813 $334,813 $0
2020 $4,055 $331,380 $331,380 $0
2019 $3,893 $324,883 $324,883 $0
2018 $3,889 $318,513 $318,513 $0
2016 $7,354 $306,146 $306,146 $0
2015 $3,673 $301,548 $301,548 $0
2014 $3,687 $295,642 $295,642 $0
Source: Public Records

Agents Affiliated with this Home

  • Shawn Kormondy

    Seller's Agent in 2021

    Shawn Kormondy

    Keller Williams Beverly Hills

    (323) 638-7567

    2 in this area

    151 Total Sales

    Shawn Kormondy
    Section Image
  • Sabina Yi

    Buyer's Agent in 2021

    Sabina Yi

    Keller Williams Beverly Hills

    (213) 344-6970

    2 in this area

    111 Total Sales

    Sabina Yi
    Section Image
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Map

Source: The MLS

MLS Number: 21-692176

The MLS

APN: 5159-015-031

California Los Angeles County Los Angeles 90026 Westlake

1518 Colton St, Los Angeles, CA

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