NOT LISTED FOR SALE

1917 N Main St Los Angeles, CA 90031

Lincoln Heights Neighborhood

Estimated Value: $2,429,194

0.33 Acre
$7,406,079 Price per Acre
14,288 Sq Ft Lot

Last Sold September 20, 2019

Last sale price $1,699,000

Est. 43% increase in value since last sale

Current estimated payment $15,053/month

33 Days on Market

Highlights

  • 0.33 Acre Lot
  • Property is near public transit
  • Level Lot
  • Abraham Lincoln High School Rated A

About This Lot

As of September 2019

Incredible opportunity located across the street from the Brewery Arts Complex, in emerging Lincoln Heights. The immediate area has historically been home to manufacturing & industrial uses but now, after the 32-acre LA Historic State Park transformation along w/zoning changes, its changing fast. This site is home to the Seatrain Residence, 2002. Featured on the cover of Dwell Magazine in 2003, this modern home is a sculptural combination of shipping containers, steel & glass. The house is approx. 2,600 sf: 1 bd, 1.5 ba, loft/office, media rm & lrg open central living space anchored by interior waterfall & pond. The residence is located at the rear of a 14,319 sf lot, completely obscured by a lush, urban rain-forest w/mature trees, pond & 85 ft stream. Priced for land value, as the Seatrain Residence was built without permits and has a "notice to comply" from the City and the site is not currently zoned for a single-family home (zoning = LAUI). At this price, buyers have many options.

Last Agent to Sell the Property

Tregg Rustad

Rodeo Realty License #01349144 Listed on: 07/25/2019

Rodeo Realty

Co-Listed By

Peter Maurice

Rodeo Realty License #01129738

Last Buyer's Agent

Cherry Wang

ReMax 2000 Realty License #01979265

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $22,115

Lot Details

  • 0.33 Acre Lot
  • Level Lot
  • Value in Land
  • Property is zoned LAUI(CA)

Location

  • Property is near public transit

Utilities

  • Sewer in Street
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 5410-018-007

Property Details

Property Type

Land

Est. Annual Taxes

$22,115

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Incredible opportunity located across the street from the Brewery Arts Complex, in emerging Lincoln Heights. The immediate area has historically been home to manufacturing & industrial uses but now, after the 32-acre LA Historic State Park transformation along w/zoning changes, its changing fast. This site is home to the Seatrain Residence, 2002. Featured on the cover of Dwell Magazine in 2003, this modern home is a sculptural combination of shipping containers, steel & glass. The house is approx. 2,600 sf: 1 bd, 1.5 ba, loft/office, media rm & lrg open central living space anchored by interior waterfall & pond. The residence is located at the rear of a 14,319 sf lot, completely obscured by a lush, urban rain-forest w/mature trees, pond & 85 ft stream. Priced for land value, as the Seatrain Residence was built without permits and has a "notice to comply" from the City and the site is not currently zoned for a single-family home (zoning = LAUI). At this price, buyers have many options: (1) try to get current structures approved w/City as a residence, (2) convert current house into a conforming, non-single family property (e.g. corporate headquarters, office/studio space, boutique architect or ad agency or even restaurant), (3) build multi-family housing.
  • Lot Acreage: 0.3280
  • Probate: No
  • Survey: Buyer Pays
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Street Description: Public
  • View: No

Utilities

  • Cable: No
  • Electric: On Site
  • Gas: Unknown
  • Sewer: In Street
  • Telephone Service: On Property
  • Telephone: Yes
  • Water: In Street

Schools

  • School District: Los Angeles Unified

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 5410-018-007
  • Geocode Override: No
  • Lot Description: Lot-Level/Flat, Redevelopment Area, Value In Land
  • Lot Location: Near Public Transit
  • Lot Size Area: 14319
  • Site Decription: City
  • Staked: No
  • Topography: Flat
  • Tract Lot: Final

Rental Info

  • Land Lease Type: Fee

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2019
Closed on
Aug 29, 2019
Sold by
Carlson Richard and Richard Carlson Living Trust
Bought by
Tseng Louis Wen Fong and Tseng Family Trust
Seller's Agent
Tregg Rustad
Rodeo Realty
Buyer's Agent
Cherry Wang
ReMax 2000 Realty
List Price
$1,699,000
Sold Price
$1,699,000
Current Estimated Value
$2,429,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$730,194
Avg. Annual Appreciation
5.70%

Purchase Details

Closed on
Jun 7, 2005
Sold by
Carlson Arnold W and Carlson Ruth
Bought by
Carlson Richard and Richard Carlson Living Trust

Purchase Details

Closed on
May 21, 2001
Sold by
Carlson Arnold W
Bought by
Carlson Arnold W
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
Tseng Louis Wen Fong $1,699,000 Equity Title Company
Carlson Richard $400,000 --
Carlson Arnold W -- --
Carlson Arnold W -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2019 09/20/19 Sold $1,699,000 0.0% --
08/27/2019 08/27/19 Pending -- -- --
07/25/2019 07/25/19 For Sale $1,699,000 -- --
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 $22,115 $1,858,103 $1,858,103 --
2024 $22,115 $1,821,670 $1,821,670 --
2023 $21,682 $1,785,951 $1,785,951 $0
2022 $20,664 $1,750,933 $1,750,933 $0
2021 $20,430 $1,716,601 $1,716,601 $0
2019 $4,142 $331,026 $331,026 $0
2018 $4,049 $324,536 $324,536 $0
2016 $3,881 $311,935 $311,935 $0
2015 $4,551 $307,250 $307,250 $0
2014 $3,840 $301,232 $301,232 $0
Source: Public Records

Agents Affiliated with this Home

  • Tregg Rustad

    Seller's Agent in 2019

    Tregg Rustad

    Rodeo Realty

    (310) 428-3356

    171 Total Sales

    Tregg Rustad
    Section Image
  • Peter Maurice

    Seller Co-Listing Agent in 2019

    Peter Maurice

    Rodeo Realty

    (310) 281-3950

    134 Total Sales

    Peter Maurice
    Section Image

  • C

    Buyer's Agent in 2019

    Cherry Wang

    ReMax 2000 Realty

See All Agents

Map

Source: The MLS

MLS Number: 19-492714

The MLS

APN: 5410-018-007

California Los Angeles County Los Angeles 90031 Lincoln Heights

1917 N Main St, Los Angeles, CA

This home is located at 1917 N Main St, Los Angeles, CA 90031 since 25 July 2019 and is currently estimated at $2,429,194. 1917 N Main St is a home located in Los Angeles County with nearby schools including Albion Street Elementary School, Florence Nightingale Middle, and Abraham Lincoln High School.

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