NOT LISTED FOR SALE

1746 W Florence Ave Los Angeles, CA 90047

Manchester Square Neighborhood

Estimated Value: $1,305,186

0.2 Acre
$6,413,690 Price per Acre
8,863 Sq Ft Lot

Last Sold November 02, 2023

Last sale price $1,200,000

Est. 9% increase in value since last sale

Current estimated payment $8,209/month

32 Days on Market

About This Lot

As of November 2023

Commercial Retail property that can be used for development into apartments under city's TOC Tier 3 development standards or redeveloped into another retail building. The property is zoned LAC2- City of Los Angeles which allows for both commercial and R4 multi-family development.

Build up to 37 units on 1746 W Florence Ave lot and up to 32 units on the 7200 S Western Ave lot for a total of up to 69 units for two projects. Properties are adjacent to each other with an alleyway in between. Properties are sold for their land value only. Priced at only $136.47 s.f. Property located at corner of alley and in between Hobart Blvd and Western Ave. Excellent site for multi-family residential, retail, or a mixed use combination of retail and residential.

Last Agent to Sell the Property

Wayne Brown

F C E Realty License #00914550 Listed on: 08/15/2023

Last Buyer's Agent

Candis Morton

Candis C. Morton, Broker License #00497137

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,065

Lot Details

  • 8,863 Sq Ft Lot
  • No Landscaping
  • Rectangular Lot
  • Value in Land
  • Property is zoned LAC2

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 24 / 1
  • Tax Tract Number 6757
  • Assessor Parcel Number 6018001011
  • $670 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Exterior Lighting

Property Details

Property Type

Land

Est. Annual Taxes

$15,065

Lot Details

0

Listing Details

  • View: No
  • Zoning: LAC2
  • Property Type: Land
  • Parcel Number: 6018001011
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 135.39

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, No Landscaping, Value In Land
  • Lot Size Sq Ft: 8863.00
  • Lot Size Acres: 0.2035
  • Latitude Manual: 33.97432700

Multi Family

  • Lot Size Area: 8863.0000 Square Feet

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 2379.00
  • Tax Lot: 24
  • Tax Tract Number: 6757
  • TaxOtherAnnualAssessmentAmount: 670.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2023
Closed on
Sep 25, 2023
Sold by
Eddie L Davis Sr Revocable Trust
Bought by
Branson Kadijah
Seller's Agent
Wayne Brown
F C E Realty
Buyer's Agent
Candis Morton
Candis C. Morton, Broker
List Price
$1,210,000
Sold Price
$1,200,000
Premium/Discount to List
-$10,000
-0.83%
Views
21
Current Estimated Value
$1,305,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,186
Avg. Annual Appreciation
3.36%
Original Mortgage
$600,000
Interest Rate
7.19%
Mortgage Type
New Conventional
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
Branson Kadijah $1,200,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Branson Kadijah $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2023 11/02/23 Sold $1,200,000 -0.8% --
09/16/2023 09/16/23 Pending -- -- --
08/15/2023 08/15/23 For Sale $1,210,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,065 $1,224,000 $1,213,800 $10,200
2024 $15,065 $1,200,000 $1,190,000 $10,000
2023 $1,541 $72,423 $40,513 $31,910
2022 $1,498 $71,004 $39,719 $31,285
2021 $1,464 $69,613 $38,941 $30,672
2019 $1,436 $67,550 $37,787 $29,763
2018 $1,219 $66,227 $37,047 $29,180
2016 $1,144 $63,657 $35,609 $28,048
2015 $1,133 $62,702 $35,075 $27,627
2014 $1,150 $61,474 $34,388 $27,086
Source: Public Records

Agents Affiliated with this Home

  • Wayne Brown

    Seller's Agent in 2023

    Wayne Brown

    F C E Realty

    (714) 542-0800

    1 in this area

    2 Total Sales

    Wayne Brown
    Section Image

  • C

    Buyer's Agent in 2023

    Candis Morton

    Candis C. Morton, Broker

    (619) 886-9968

    1 in this area

    2 Total Sales

    Candis Morton
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23152263

California Regional Multiple Listing Service (CRMLS)

APN: 6018-001-011

California Los Angeles County Los Angeles 90047 Manchester Square

1746 W Florence Ave, Los Angeles, CA

This home is located at 1746 W Florence Ave, Los Angeles, CA 90047 since 15 August 2023 and is currently estimated at $1,305,186. 1746 W Florence Ave is a home located in Los Angeles County with nearby schools including Horace Mann Ucla Community, Raymond Avenue Elementary School, and Augustus F. Hawkins High A Critical Design And Gaming.

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.

California Regional Multiple Listing Service (CRMLS) 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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