$770,000
$151K PRICE DROP

Estimated payment $4,343/month

Total Views 463,057
0.16 Acre
$4,833,647 Price per Acre
6,940 Sq Ft Lot

Highlights

  • City Lights View
  • Property is near public transit
  • Rectangular Lot

About This Lot

Discover the incredible potential of this R-2, just under 7,000 sq. ft CORNER LOT located in the vibrant heart of South Los Angeles. This lot provides an exceptional opportunity for developers seeking to capitalize on the high demand for housing in Los Angeles. The absence of rent control regulations makes it an attractive investment for constructing multifamily units, promising significant rental income potential. *The area is experiencing a surge of growth and development, making it a prime location for new projects and innovative housing solutions. This property is located within a short distance and close proximity to USC, BMO Stadium and Crypto Arena, SoFi Stadium and shopping centers, LA Live, Santa Monica-Expo Line, the upcoming George Lucas Museum, making it the center of all things cultural, food, arts, and entertainment.*Don't miss out on this exceptional opportunity to invest in a property that combines strategic location, excellent connectivity, and unmatched development potential. Whether you're a seasoned investor or a visionary developer, this lot is your canvas to create a thriving residential community in the heart of Los Angeles. ***Existing structure is a SFR delivered vacant

Listing Agent

Lisa Puerto

Devenio Estates License #01736957 Listed on: 01/05/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $989

Lot Details

  • 6,940 Sq Ft Lot
  • Lot Dimensions are 55x126
  • Rectangular Lot
  • Level Lot
  • Value in Land
  • Property is zoned LAR2

Property Views

  • City Lights Views

Location

  • Property is near public transit
  • City Lot

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5015-002-001

Property Details

Property Type

Land

Est. Annual Taxes

$989

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.1593
  • Lot Dimensions: 55x126
  • Probate: Yes
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Public Street: Yes
  • Street Description: Asphalt, Sidewalk
  • View: City Lights
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5015-002-001
  • Lot Description: 2-4 Lots, Lot-Level/Flat, Lot Shape-Rectangular, Value In Land
  • Lot Location: Near Public Transit, City
  • Lot Size Area: 6940
  • Topography: Flat

Rental Info

  • Court Approve: No

Map

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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

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
2024 $989 $50,398 $27,362 $23,036
2023 $981 $49,411 $26,826 $22,585
2022 $951 $48,443 $26,300 $22,143
2021 $927 $47,494 $25,785 $21,709
2019 $908 $46,087 $25,021 $21,066
2018 $813 $45,184 $24,531 $20,653
2016 $761 $43,431 $23,579 $19,852
2015 $753 $42,779 $23,225 $19,554
2014 $769 $41,942 $22,771 $19,171
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 Price Changed $770,000 -3.8% --
05/15/2025 05/15/25 Price Changed $800,000 -10.0% --
03/07/2025 03/07/25 Price Changed $889,000 -3.5% --
01/05/2025 01/05/25 For Sale $921,000 0.0% --
01/03/2025 01/03/25 Price Changed $921,000 -- --
Source: The MLS

Source: The MLS

MLS Number: 24-465949

The MLS

APN: 5015-002-001