NOT LISTED FOR SALE

1627 Oak St Los Angeles, CA 90015

Pico-Union Neighborhood

Estimated Value: $1,024,505

0.16 Acre
$6,439,378 Price per Acre
6,930 Sq Ft Lot

Last Sold November 23, 2021

Last sale price $900,000

Est. 14% increase in value since last sale

Current estimated payment $6,627/month

8 Days on Market

About This Lot

As of November 2021

We are pleased to present for sale a FLAT & VACANT R3 development opportunity located in the Pico-Union submarket of Los Angeles! Zoned R3-1-HPOZ, TOC Tier 1 on a 6,874 sqft lot, a developer may build 8 units by right or up to 14 units utilizing TOC incentives. Per LA City Planning, the entitlement process should be easier than typical HPOZ projects since no demolition of any existing improvements/historic homes is required! (Buyer to Verify with LADBS). The site is also located within an Opportunity Zone which may provide tax incentives. Site is currently being used as a parking lot. Lots of new construction going on in the Westlake/Pico Union neighborhood. Do not miss this opportunity to purchase at a low price point & build near all the shopping, dining, and entertainment that LA Live/Downtown LA has to offer its tenants!! Buyer to verify all zoning details with relevant city departments. Contact listing agent for more details!

Last Agent to Sell the Property

Daniel Shamooelian

Keller Williams Beverly Hills License #01984269 Listed on: 09/30/2021

Keller Williams Beverly Hills

Last Buyer's Agent

Daniel Shamooelian

Keller Williams Beverly Hills License #01984269 Listed on: 09/30/2021

Keller Williams Beverly Hills

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,612

Lot Details

  • 6,930 Sq Ft Lot
  • Property is zoned LAR3

Property Views

  • City Lights Views

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5135-028-007

Property Details

Property Type

Land

Est. Annual Taxes

$11,612

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.1591
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: City, City Lights
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5135-028-007
  • Lot Size Area: 6930

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2021
Closed on
Oct 14, 2021
Sold by
700 30Th Street Llc
Bought by
Oak St Towers Llc
Seller's Agent
Daniel Shamooelian
Keller Williams Beverly Hills
Buyer's Agent
Daniel Shamooelian
Keller Williams Beverly Hills
List Price
$950,000
Sold Price
$900,000
Premium/Discount to List
-$50,000
-5.26%
Current Estimated Value
$1,024,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,505
Avg. Annual Appreciation
3.01%

Purchase Details

Closed on
Feb 21, 2020
Sold by
1627 Oak Street Llc
Bought by
700 30Th Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2018
Sold by
700 30Th Street Llc
Bought by
1627 Oak Street Llc

Purchase Details

Closed on
Dec 29, 2014
Sold by
700 30Th Street Llc
Bought by
700 30Th Street Llc

Purchase Details

Closed on
Dec 12, 2014
Sold by
Y & P Whittier Llc
Bought by
700 30Th Street Llc and 945Th 30Th Street Llc

Purchase Details

Closed on
Jun 9, 2011
Sold by
5609 Sunset Lucys
Bought by
Y & P Whittler Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,450,000
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 2009
Sold by
5609 Sunset Lucys
Bought by
5609 Sunset Lucys

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 2009
Sold by
Mb & E Roth Llc
Bought by
5609 Sunset Lucys Llc

Purchase Details

Closed on
Aug 21, 2006
Sold by
Maddux Equities Llc
Bought by
Mb & E Roth Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,375,000
Interest Rate
6.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 5, 2006
Sold by
Maddux Equities Llc
Bought by
Maddux Equities Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 2, 2005
Sold by
Mb & E Roth Llc
Bought by
Maddux Equities Llc

Purchase Details

Closed on
Sep 9, 2004
Sold by
M B & E Roth Llc
Bought by
Maddux Equities Llc

Purchase Details

Closed on
May 4, 2004
Sold by
Delatorre Amador and Errol Odonovan Family Trust
Bought by
Mb & E Roth Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,098,500
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2003
Sold by
Mb & E Roth Llc
Bought by
The Errol Odonovan Family Trust

Purchase Details

Closed on
Jan 8, 2003
Sold by
Guarnaschelli Giulio R
Bought by
Mb & E Roth Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 6, 2001
Sold by
Folgar Felisa
Bought by
Folgar Juan R

Purchase Details

Closed on
Jan 19, 2001
Sold by
Lafferty Arlene R and Folgar Juan A
Bought by
Guarnaschelli Giulio R
Source: Public Records

Range of Values:

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Average Value
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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
Oak St Towers Llc $900,000 Fidelity National Title Co
700 30Th Street Llc -- Chicago Title Company
1627 Oak Street Llc -- Accommodation
700 30Th Street Llc -- None Available
700 30Th Street Llc -- Fidelity National Title Co
Y & P Whittler Llc -- Fidelity National Title Co
5609 Sunset Lucys -- Provident Title
5609 Sunset Lucys Llc -- None Available
Mb & E Roth Llc -- Lawyers Title
Maddux Equities Llc -- Provident Title Company
Maddux Equities Llc -- --
Maddux Equities Llc -- --
Mb & E Roth Llc -- Landamerica Lawyers Title
The Errol Odonovan Family Trust -- --
Mb & E Roth Llc -- Lawyers Title
Folgar Juan R -- North American Title Co
Guarnaschelli Giulio R -- North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 700 30Th Street Llc $20,000
Previous Owner 700 30Th Street Llc $195,000
Previous Owner Y & P Whittier Llc $1,450,000
Previous Owner 5609 Sunset Lucys Llc $170,000
Previous Owner 5609 Sunset Lucys $105,000
Previous Owner Mb & E Roth Llc $1,375,000
Previous Owner Maddux Equities Llc $100,000
Previous Owner Mb & E Roth Llc $1,098,500
Previous Owner Mb & E Roth Llc $750,000
Previous Owner Guarnaschelli Giulio R $1,000,000
Closed Mb & E Roth Llc $80,780
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2021 11/23/21 Sold $900,000 -5.3% --
10/08/2021 10/08/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $950,000 -- --
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 $11,612 $955,087 $955,087 --
2024 $11,612 $936,360 $936,360 --
2023 $11,392 $918,000 $918,000 $0
2022 $10,872 $900,000 $900,000 $0
2021 $12,123 $999,289 $999,289 $0
2020 $12,249 $989,043 $989,043 $0
2019 $11,765 $969,650 $969,650 $0
2018 $11,598 $950,638 $950,638 $0
2016 $11,118 $913,725 $913,725 $0
2015 $10,956 $900,000 $900,000 $0
2014 -- $512,315 $512,315 $0
Source: Public Records

Agents Affiliated with this Home

  • Daniel Shamooelian

    Seller's Agent in 2021

    Daniel Shamooelian

    Keller Williams Beverly Hills

    (310) 651-1800

    1 in this area

    43 Total Sales

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Map

Source: The MLS

MLS Number: 21-788478

The MLS

APN: 5135-028-007

California Los Angeles County Los Angeles 90015 Pico-Union

1627 Oak St, Los Angeles, CA

This home is located at 1627 Oak St, Los Angeles, CA 90015 since 30 September 2021 and is currently estimated at $1,024,505. 1627 Oak St is a home located in Los Angeles County with nearby schools including Norwood Street Elementary School, John Adams Middle School, and West Adams Preparatory High School.

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