$150,000
SOLD JAN 14, 2025
0.05 Acre
$2,935,421 Price per Acre
2,228 Sq Ft Lot

Recently Sold

14% Below List Price

301 Days on Market

About This Lot

As of January 2025

NEW LIST PRICE! Desired Mid-City Vacant Lot (Flat) Zoned R2 Located on a nice street, plus more. This could be a great opportunity for a Developer looking for a site for New Development. Perfect location to build a nice Custom Two Story Home in the City and be close to all conveniences. Within minutes to travel to LA Live, USC, Miracle Mile, The Grove, Beverly Hills and Culver City. There is a Non-Exclusive Easement for Ingress, Egress & Unobstructed Driveway Purposes and Incidental Maintenance that is included regarding Residence Neighbor North of Land. (Copy of Easement Available for Buyer to Review). Buyer is advised to Investigate Independently the property in its entirety, with the City of Los Angeles plus, the Verification & Accuracy of all Investigations, Reports, Survey, Professional & Personal Inspections for Buyer's Satisfaction. This is a Probate that DOES NOT REQUIRE COURT CONFIRMATION. Sellers Consists of: Seller 50% Interest & Co-Administrators appointed by the Court. Sellers Prefer Buyer to complete all of their Due Diligence prior to submitting their Offer.

Last Agent to Sell the Property

Debora Bright-Laney

Rodeo Realty License #01026315 Listed on: 01/02/2025

Rodeo Realty

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,131

Lot Details

  • 2,228 Sq Ft Lot
  • Property is zoned LAR2

Location

  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 5061-027-037

Property Details

Property Type

Land

Est. Annual Taxes

$1,131

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Lot Acreage: 0.0511
  • Probate: Yes
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 5061-027-037
  • Lot Location: City
  • Lot Size Area: 2228

Rental Info

  • Court Approve: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2025
Closed on
Dec 24, 2024
Sold by
Vonreed Roddrick and Reed Roddrick
Bought by
Rokni Shawn and Foroutan Sayeh
Seller's Agent
Debora Bright-Laney
Rodeo Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$175,000
Sold Price
$150,000
Premium/Discount to List
-$25,000
-14.29%
Current Estimated Value
$145,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,000
Avg. Annual Appreciation
-3.26%

Purchase Details

Closed on
Aug 26, 2020
Sold by
Reed Karen and Estate Of Conway Roscoe Reed
Bought by
Estate Of Roddrick Reed And Kipon Reed

Purchase Details

Closed on
Aug 17, 2020
Sold by
Reed Kipton and Estate Of Conway Roscoe Reed
Bought by
Estate Of Conway Reed
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 Type Sale Price Title Company
Grant Deed $150,000 Equity Title Company
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2025 01/14/25 Sold $150,000 -14.3% --
01/02/2025 01/02/25 For Sale $175,000 +16.7% --
12/31/2024 12/31/24 Off Market $150,000 -- --
12/11/2024 12/11/24 Pending -- -- --
10/17/2024 10/17/24 Price Changed $175,000 -12.5% --
09/11/2024 09/11/24 For Sale $199,900 0.0% --
07/08/2024 07/08/24 Pending -- -- --
07/02/2024 07/02/24 Price Changed $199,900 0.0% --
07/02/2024 07/02/24 For Sale $199,900 +33.3% --
06/30/2024 06/30/24 Off Market $150,000 -- --
05/16/2024 05/16/24 For Sale $249,900 0.0% --
04/13/2024 04/13/24 Pending -- -- --
02/14/2024 02/14/24 For Sale $249,900 -- --
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 $1,131 $91,149 $91,149 --
2024 $1,131 $89,362 $89,362 --
2023 $1,113 $87,610 $87,610 $0
2022 $1,065 $85,893 $85,893 $0
2021 $1,050 $84,209 $84,209 $0
2020 $1,060 $83,346 $83,346 $0
2019 $1,019 $81,712 $81,712 $0
2018 $1,004 $80,110 $80,110 $0
2016 $226 $15,122 $15,122 $0
2015 $223 $14,895 $14,895 $0
2014 $226 $14,604 $14,604 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-358274

The MLS

APN: 5061-027-037