NOT LISTED FOR SALE

1848 Workman St Los Angeles, CA 90031

Lincoln Heights Neighborhood

Estimated Value: $1,401,000 - $1,976,000

0.21 Acre
$7,523,978 Price per Acre
9,099 Sq Ft Lot

Last Sold February 16, 2021

Last sale price $1,250,000 $386 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $9,724/month

1 Day on Market

About This Lot

As of February 2021

On offer is an 18 Unit Development Opportunity in the quickly changing Lincoln Heights neighborhood of Los Angeles, within an Opportunity Zone! The property has been Ellis'd and a Buyer can continue the 18 Unit Entitlement work started by the Seller and with a Demo Permit in the Clearance Stage. The Project would have two Affordable Units (one Extremely Low & one Very Low Income Unit). The oversized 9,099 SF R3-1 Tier 1 lot has 55 feet of frontage allowing for simpler designs to max the parking scenario if a Buyer were interested in doing a smaller project for ease, speed & economy. With LAC+USC Medical Center a few blocks to the south, the LA Brewery Artist Colony to the west, this location is quickly becoming a premier neighborhood. Solar Panels are not included in the sale.

Last Agent to Sell the Property

Dario Svidler

Keller Williams Beverly Hills License #01884474 Listed on: 01/06/2021

Keller Williams Beverly Hills

Co-Listed By

Zachary Krasman

Compass License #01814990

Last Buyer's Agent

Mark Rad

Power Brokers License #01970169

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,298

Lot Details

  • 9,099 Sq Ft Lot
  • Lot Dimensions are 55x165
  • Property is zoned R3-1 Tier 1

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 5210-008-011

Property Details

Property Type

Land

Est. Annual Taxes

$16,298

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Exclusions: Solar Panels
  • Lot Acreage: 0.2089
  • Lot Dimensions: 55x165
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Special Zoning: Rent Control
  • Horses: No
  • Assessor Parcel Number: 5210-008-011
  • Lot Size Area: 9099
  • Possible New Zone: Build 18+/- Units by TOC
  • Potential Usage: Build 18+/- Units by TOC. 55 Foot Width provides for many more parking design options than a standard lot.
  • Present Use: Ellis'd Units. Opportunity Zone!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2021
Closed on
Feb 1, 2021
Sold by
Lincoln Legacy Homes Llc
Bought by
Capital 26 Management Llc
Seller's Agent
Dario Svidler
Keller Williams Beverly Hills
Buyer's Agent
Mark Rad
Power Brokers
List Price
$1,095,000
Sold Price
$1,250,000
Premium/Discount to List
$155,000
14.16%
Current Estimated Value
$1,571,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,759
Avg. Annual Appreciation
5.06%

Purchase Details

Closed on
Jul 24, 2019
Sold by
Minassian Ara and Minassian Karineh
Bought by
Lincoln Legacy Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 2019
Sold by
Solis Rosa F
Bought by
Minassian Ara and Minassian Karineh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2013
Sold by
Solis Rosa F and Salinas Felipa
Bought by
Solis Rosa F

Purchase Details

Closed on
Nov 14, 2003
Sold by
Gomez Maximino
Bought by
Salinas Felipa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,650
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 1999
Sold by
Gomez Maximino
Bought by
Gomez Maximino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
6.77%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Capital 26 Management Llc $1,250,000 First American Title Company O
Lincoln Legacy Homes Llc -- None Available
Minassian Ara $700,000 First American Title Company
Solis Rosa F -- None Available
Salinas Felipa $369,000 First American Title Co
Gomez Maximino -- South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lincoln Legacy Homes Llc $500,000
Previous Owner Minassian Ara $525,000
Previous Owner Salinas Felipa $313,650
Previous Owner Gomez Maximino $168,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/16/2021 02/16/21 Sold $1,250,000 +14.2% $386 / Sq Ft
01/07/2021 01/07/21 Pending -- -- --
01/06/2021 01/06/21 For Sale $1,095,000 +56.4% $338 / Sq Ft
05/24/2019 05/24/19 Sold $700,000 -12.5% $216 / Sq Ft View Prior Sale
02/11/2019 02/11/19 For Sale $800,000 +14.3% $247 / Sq Ft
01/11/2019 01/11/19 Off Market $700,000 -- --
11/02/2018 11/02/18 Pending -- -- --
10/22/2018 10/22/18 For Sale $800,000 -- $247 / Sq Ft
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 $16,298 $1,353,040 $1,353,040 --
2024 $16,298 $1,326,510 $1,326,510 --
2023 $15,982 $1,300,500 $1,300,500 $0
2022 $15,240 $1,275,000 $1,275,000 $0
2021 $9,080 $721,396 $504,977 $216,419
2020 $9,166 $714,000 $499,800 $214,200
2019 $6,268 $489,922 $286,768 $203,154
2018 $6,084 $480,317 $281,146 $199,171
2016 $5,790 $461,668 $270,230 $191,438
2015 $5,708 $454,734 $266,171 $188,563
2014 $5,743 $445,828 $260,958 $184,870
Source: Public Records

Agents Affiliated with this Home

  • Dario Svidler

    Seller's Agent in 2021

    Dario Svidler

    Keller Williams Beverly Hills

    (424) 600-7633

    1 in this area

    54 Total Sales

    Dario Svidler
    Section Image
  • Zachary Krasman

    Seller Co-Listing Agent in 2021

    Zachary Krasman

    Compass

    (626) 205-4040

    2 in this area

    103 Total Sales

    Zachary Krasman
    Section Image

  • M

    Buyer's Agent in 2021

    Mark Rad

    Power Brokers

    Section Image

  • M

    Buyer's Agent in 2021

    Mark Radd

    Power Brokers International

  • A

    Seller's Agent in 2019

    Adela Olivares

    New Century Realtors

    (714) 619-8811

    163 Total Sales

    Adela Olivares
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-676962

The MLS

APN: 5210-008-011

California Los Angeles County Los Angeles 90031 Lincoln Heights

1848 Workman St, Los Angeles, CA

This home is located at 1848 Workman St, Los Angeles, CA 90031 since 06 January 2021 and is currently estimated at $1,571,759, approximately $484 per square foot. 1848 Workman St is a home located in Los Angeles County with nearby schools including Griffin Avenue Elementary School, Florence Nightingale Middle, and Abraham Lincoln High School.

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 MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes