NOT LISTED FOR SALE

Estimated Value: $1,159,000 - $1,552,000

0.2 Acre
$6,794,909 Price per Acre
8,898 Sq Ft Lot

Last Sold July 25, 2023

Last sale price $1,250,000 $298 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $8,664/month

50 Days on Market

Highlights

  • Views
  • Felicitas and Gonzalo Mendez High Rated A-
  • 4-minute walk to Soto

About This Lot

As of July 2023

BRC Advisors-BH is pleased to offer for sale a vacant and "cleared" corner lot in Boyle Heights, that is development-ready for up to 50 affordable apartment units utilizing AB1763, the State Density Bonus law. The site is 8,897 SF zoned [LA]RD1.5-1, there are no required tenant relocations, and the structures have already been demolished. Recent state and local assembly bills affecting the City of Los Angeles provide density increases, parking reductions, and other incentives favorable to land sites such as this when providing an affordable component. The lot is both easily accessible and highly visible on a corner lot along Soto Street with easy access to the 5,10, and 101 freeways. Additionally, the newly completed Metro Gold Line station at East 1st Street is only two blocks to the north.

Last Agent to Sell the Property

Ardy Ishal

BRC Advisors- BH License #01769601 Listed on: 05/02/2023

BRC Advisors- BH

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,296

Lot Details

  • 8,898 Sq Ft Lot
  • Property is zoned LARD1.5

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 5183-013-001

Property Details

Property Type

Land

Est. Annual Taxes

$15,296

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.2043
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5183-013-001
  • Lot Size Area: 8898

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2024
Sold by
2330 3Rd Holdings Llc
Bought by
2330 3Rd Street Apartments Lp
Current Estimated Value
$1,388,200

Purchase Details

Listed on
May 2, 2023
Closed on
Jun 27, 2023
Sold by
Daai Property Llc
Bought by
2330 3Rd Holdings Llc
Seller's Agent
Ardy Ishal
BRC Advisors- BH
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,395,000
Sold Price
$1,250,000
Premium/Discount to List
-$145,000
-10.39%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.93%

Purchase Details

Listed on
Apr 14, 2019
Closed on
May 21, 2019
Sold by
Margarita Emma Medrano Living Trust
Bought by
Daai Property Llc
Seller's Agent
David Arredondo
Keller Williams Realty
Buyer's Agent
David Arredondo
Keller Williams Realty
List Price
$620,000
Sold Price
$650,000
Premium/Discount to List
$30,000
4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.07%
Original Mortgage
$422,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 27, 2019
Sold by
Guerrero Margaret and Guerrero Alejandro
Bought by
Medrano Margareta Emma and The Margarita Emma Medrano Liv

Purchase Details

Closed on
Nov 2, 2018
Sold by
The Margarita E Medrano Living Trust
Bought by
Guerrero Margaret and Guerrero Alejandro

Purchase Details

Closed on
Apr 27, 2018
Sold by
Medrano Margarita K
Bought by
The Margarita Emma Medrano Living Trust
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
2330 3Rd Street Apartments Lp -- --
2330 3Rd Street Apartments Lp -- --
2330 3Rd Holdings Llc $1,250,000 Old Republic Title Company
Daai Property Llc $650,000 Fidelity National Title Co
Medrano Margareta Emma -- None Available
Guerrero Margaret -- Title Source Inc
The Margarita Emma Medrano Living Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Daai Property Llc $422,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/25/2023 07/25/23 Sold $1,250,000 -10.4% $298 / Sq Ft
06/21/2023 06/21/23 Pending -- -- --
05/02/2023 05/02/23 For Sale $1,395,000 +114.6% $332 / Sq Ft
05/31/2019 05/31/19 Sold $650,000 +4.8% $155 / Sq Ft View Prior Sale
04/24/2019 04/24/19 Pending -- -- --
04/14/2019 04/14/19 For Sale $620,000 -- $148 / 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 $15,296 $1,275,000 $1,275,000 --
2024 $15,296 $1,250,000 $1,250,000 --
2023 $8,659 $696,930 $696,930 $0
2022 $8,259 $683,265 $683,265 $0
2021 $8,168 $669,868 $669,868 $0
2020 $8,635 $663,000 $363,120 $299,880
2019 $10,543 $840,000 $400,000 $440,000
2018 $6,094 $463,995 $254,849 $209,146
2016 $1,028 $53,173 $28,346 $24,827
2015 $1,019 $52,376 $27,921 $24,455
2014 $1,043 $51,351 $27,375 $23,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-266277

The MLS

APN: 5183-013-001