NOT LISTED FOR SALE

2311 W Cove Ave Los Angeles, CA 90039

Estimated Value: $1,591,000 - $1,701,891

0.1 Acre
$16,869,324 Price per Acre
4,251 Sq Ft Lot

Last Sold June 20, 2017

Last sale price $400,000

Est. 310% increase in value since last sale

Current estimated payment $9,993/month

56 Days on Market

About This Lot

As of June 2017

Great Silver Lake development opportunity in prime location between Glendale & Silver Lake Blvds. Price includes 2 vacant parcels (APNs 5422-006-002 & 5422-006-004) totaling 4,250 sq. ft. and located on a quiet cul-de-sac with 50' of street frontage, and one of Silver Lake's famous staircases leading directly from the top of Cove Ave to the reservoir with its walking/jogging path & popular meadow. Per City of Los Angeles website, the parcels are zoned RD2 for possible small lot subdivision or 2 unit condo development. The topography is flat, and water, sewer, power & gas are in the street, all of which should make this a straightforward build. This is an excellent development opportunity in an area where units in small lot subdivisions are selling for $800K plus. Buyer to verify all development possibilities directly with the city of Los Angeles.

Last Agent to Sell the Property

Jeff Curtis

Keller Williams Realty License #01364089 Listed on: 04/24/2017

Co-Listed By

David Knight

Keller Williams Realty License #01829234

Last Buyer's Agent

Amjad Albasel

Keller Williams R. E. Services License #01954713

Keller Williams R. E. Services

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,694

Lot Details

  • 4,251 Sq Ft Lot
  • Property is zoned RD2-1VL

Property Views

  • Views of Hills

Listing and Financial Details

  • Assessor Parcel Number 5422006002

Property Details

Property Type

Land

Est. Annual Taxes

$12,694

Lot Details

0

Listing Details

  • View: Yes
  • Zoning: RD2-1VL
  • Property Type: Land
  • Parcel Number: 5422006002
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 94.10

Exterior Features

  • View: Hills

Utilities

  • Utilities: Electricity Available, Natural Gas Available

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4251.00
  • Lot Size Acres: 0.0976

Multi Family

  • Lot Size Area: 4251.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2017
Closed on
Jun 8, 2017
Sold by
Scott Leonard T and Scott Kathryn L
Bought by
Adaptive Capital Corporation
Seller's Agent
Jeff Curtis
Keller Williams Realty
Buyer's Agent
Amjad Albasel
Keller Williams R. E. Services
List Price
$400,000
Sold Price
$400,000
Current Estimated Value
$1,639,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,239,822
Avg. Annual Appreciation
18.91%
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
Adaptive Capital Corporation $400,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adaptive Capital Corporation $150,000
Open Adaptive Capital Corporation $2,730,000
Closed Adaptive Capital Corporation $2,385,500
Closed Adaptive Capital Corporation $2,225,000
Closed Adaptive Capital Corporation $1,942,104
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2017 06/20/17 Sold $400,000 0.0% --
06/19/2017 06/19/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $400,000 -- --
Source: Pasadena-Foothills Association of REALTORS®

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 $12,694 $1,076,886 $464,232 $612,654
2024 $12,694 $1,055,772 $455,130 $600,642
2023 $12,446 $1,035,071 $446,206 $588,865
2022 $11,847 $1,014,776 $437,457 $577,319
2021 $8,645 $733,362 $428,880 $304,482
2019 $3,028 $514,160 $416,160 $98,000
Source: Public Records

Agents Affiliated with this Home

  • Jeff Curtis

    Seller's Agent in 2017

    Jeff Curtis

    Keller Williams Realty

    (844) 892-7780

    29 Total Sales

    Section Image

  • D

    Seller Co-Listing Agent in 2017

    David Knight

    Keller Williams Realty

    (626) 657-0359

    1 in this area

    375 Total Sales

    Section Image
  • Amjad Albasel

    Buyer's Agent in 2017

    Amjad Albasel

    Keller Williams R. E. Services

    (818) 486-0677

    24 Total Sales

    Section Image
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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P0-317003538

Pasadena-Foothills Association of REALTORS®

APN: 5422-006-046

California Los Angeles County Los Angeles 90039

2311 W Cove Ave, Los Angeles, CA

This home is located at 2311 W Cove Ave, Los Angeles, CA 90039 since 24 April 2017 and is currently estimated at $1,646,446. 2311 W Cove Ave is a home located in Los Angeles County with nearby schools including Clifford Street Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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.

Pasadena-Foothills Association of REALTORS® 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.

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