Seller's Agent in 2024
Emily Lin
Equity Union
(310) 751-4137
1 in this area
31 Total Sales
1577 N Herbert East Los Angeles, CA 90063
Estimated Value: $103,000 - $721,000
0.29
Acre
$1,271,311
Price per Acre
12,689
Sq Ft Lot
Highlights
- City Lights View
- 0.29 Acre Lot
- No HOA
- James A. Garfield Senior High School Rated A
- Property is near public transit
- Park
About This Lot
As of August 2024Two lots together are over 12,000 sqft and are located not just in the heart of Los Angeles but also right on a paved city street. This quality beats most vacant lots in the same area and provides ready-to-connect utilities. 1577 N Herbert Ave is located in the Los Angeles County 2-family residential zoning (R2), which not only provides the minimum of 2 residential houses with 2 ADUs on one lot. Combining two lots and taking county housing shortage incentive for developers is an excellent opportunity to bring maximum profit to the right builder. The sale includes two APNs: 5224-023-022 and 5224-023-023.
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,181
Lot Details
- 0.29 Acre Lot
- Wire Fence
- Rectangular Lot
- The property's topography is hilly
- 5224023023
- Property is zoned LCR2, Two-Family Residence
Property Views
- City Lights Views
Location
- Property is near public transit
- Urban Location
Utilities
- Overhead Utilities
- Phone Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 68 / 2
- Tax Tract Number 6332
- Assessor Parcel Number 5224023022
- $263 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Park
- Exterior Lighting
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 5, 2024
Closed on
Jul 30, 2024
Sold by
Vuong Tom
Bought by
Fu Yu Sang and Fu Yu Kit
Seller's Agent
Emily Lin
Equity Union
Buyer's Agent
Emily Lin
Equity Union
List Price
$298,000
Sold Price
$285,000
Premium/Discount to List
-$13,000
-4.36%
Views
20
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,333
Avg. Annual Appreciation
29.94%
Purchase Details
Closed on
Jul 31, 2018
Sold by
Wong Amy Meingan
Bought by
Vuong Tom
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fu Yu Sang | $285,000 | Lawyers Title | |
| Vuong Tom | -- | None Available | |
| Vuong Tom | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2024 08/06/24 | Sold | $285,000 | -4.4% | -- |
| 07/11/2024 07/11/24 | Pending | -- | -- | -- |
| 07/05/2024 07/05/24 | For Sale | $298,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $1,181 | $142,000 | $142,000 | -- |
| 2024 | $1,181 | $76,553 | $76,553 | -- |
| 2023 | $1,160 | $75,052 | $75,052 | $0 |
| 2022 | $1,106 | $73,581 | $73,581 | $0 |
| 2021 | $465 | $18,014 | $18,014 | $0 |
| 2020 | $467 | $17,830 | $17,830 | $0 |
| 2019 | $456 | $17,481 | $17,481 | $0 |
| 2018 | $446 | $17,139 | $17,139 | $0 |
| 2016 | $434 | $16,474 | $16,474 | $0 |
| 2015 | $431 | $16,227 | $16,227 | $0 |
| 2014 | $433 | $15,910 | $15,910 | $0 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24137420
APN: 5224-023-023
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 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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