1531 Taft Ave Los Angeles, CA 90028
Hollywood NeighborhoodEstimated payment $5,341/month
Highlights
- City Lights View
- Traditional Architecture
- 2 Car Attached Garage
- STEM Academy at Bernstein High Rated A-
- No HOA
- Patio
About This Home
CALLING ALL INVESTORS! Investor/Developer Opportunity in Prime Hollywood Location! Don’t miss this incredible redevelopment opportunity in one of the most sought-after areas of Hollywood. Situated on a prime LAR4-zoned lot, this property offers endless potential for developers looking to build multi-family residences in the heart of Los Angeles.
The existing structure is a 1,542 sq. ft. home featuring 2 bedrooms, 2 bathrooms and a 2-car garage.
Perfectly positioned between Sunset Blvd and Hollywood Blvd, this property is within walking distance to the Hollywood Walk of Fame, the Netflix building, and an array of shops, dining, and entertainment. Just minutes away from Griffith Park, Los Feliz, Dodger Stadium, and Downtown LA, the location is second to none.
This is a rare chance to reimagine a property with tremendous upside in the vibrant heart of Hollywood. Bring your vision—this one won’t last!
Listing Agent
Morales Real Estate Group Brokerage Phone: 661-803-4978 License #01398993 Listed on: 08/19/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,556
Year Built
- Built in 1981
Lot Details
- 2,468 Sq Ft Lot
- Wrought Iron Fence
- Block Wall Fence
- Brick Fence
- Irregular Lot
- Density is up to 1 Unit/Acre
- Property is zoned LAR4
Parking
- 2 Car Attached Garage
- Garage Door Opener
- On-Street Parking
Home Design
- Traditional Architecture
- Entry on the 1st floor
- Additions or Alterations
- Cosmetic Repairs Needed
- Fixer Upper
- Permanent Foundation
- Fire Rated Drywall
- Shingle Roof
- Composition Roof
Interior Spaces
- 1,542 Sq Ft Home
- 3-Story Property
- Ceiling Fan
- Window Screens
- Living Room with Fireplace
- Dining Room
- Laminate Flooring
- City Lights Views
Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
- Freezer
- Laminate Countertops
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
- Walk-in Shower
Laundry
- Laundry Room
- Laundry in Garage
- Washer and Electric Dryer Hookup
Home Security
- Window Bars
- Fire and Smoke Detector
Outdoor Features
- Patio
- Exterior Lighting
Utilities
- Heating Available
- 220 Volts
- Natural Gas Connected
- Gas Water Heater
- Phone Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 60
- Tax Tract Number 190510
- Assessor Parcel Number 5586035033
- Seller Considering Concessions
Map
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 |
|---|---|---|---|---|
| 2025 | $6,556 | $538,431 | $400,902 | $137,529 |
| 2024 | $6,556 | $527,875 | $393,042 | $134,833 |
| 2023 | $6,430 | $517,526 | $385,336 | $132,190 |
| 2022 | $6,131 | $507,380 | $377,781 | $129,599 |
| 2021 | $6,051 | $497,432 | $370,374 | $127,058 |
| 2019 | $5,870 | $482,681 | $359,390 | $123,291 |
| 2018 | $5,832 | $473,218 | $352,344 | $120,874 |
| 2016 | $5,567 | $454,844 | $338,663 | $116,181 |
| 2015 | $5,486 | $448,012 | $333,576 | $114,436 |
| 2014 | $5,507 | $439,237 | $327,042 | $112,195 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/19/2025 08/19/25 | For Sale | $899,900 | -- | $584 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Alliance Title | |
| Interfamily Deed Transfer | -- | Investors Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $225,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $600,000 | Negative Amortization | |
| Closed | $470,400 | New Conventional | |
| Closed | $86,840 | Credit Line Revolving | |
| Closed | $340,000 | Unknown | |
| Closed | $272,000 | Unknown | |
| Previous Owner | $180,000 | No Value Available | |
| Closed | $45,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25186623
APN: 5586-035-033
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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