$499,000

Estimated payment $3,208/month

Total Views 6,741
0.13 Acre
$3,947,785 Price per Acre
5,505 Sq Ft Lot

About This Lot

Seize this rare development opportunity at 2505 Woodstock Rd., where the foundation and retaining walls have already been built, offering a head start for developers. Located in one of Los Angeles' most prestigious hillside neighborhoods, this property is perfect for those looking to create a custom luxury home or high-end residential project. The existing groundwork significantly reduces build time, allowing you to focus on designing a modern masterpiece that maximizes the stunning views and premium location. With ample space and flexibility, the possibilities for this project are endless, whether it's a personal residence or a lucrative investment. Set in a tranquil area yet close to the heartbeat of Los Angeles, this lot offers both privacy and proximity to world-class amenities, including shopping, dining, and entertainment. The completed foundation and retaining walls provide a solid base for creating a sophisticated property, with the potential for significant future returns. Don't miss this extraordinary chance to bring your vision to life at 2505 Woodstock Rd., where much of the work has already begun.

Listing Agent

Ricky Alvarado

Nest Seekers License #01948339 Listed on: 09/30/2024

Nest Seekers

Co-Listing Agent

Narine Schneider

Nest Seekers License #02095368

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,325

Lot Details

  • 5,505 Sq Ft Lot
  • Property is zoned LARE11

Property Views

  • Canyon
  • Hills

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5565-020-029

Property Details

Property Type

Land

Est. Annual Taxes

$5,325

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.1264
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Canyon, Hills
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5565-020-029
  • Lot Size Area: 5505
  • Site Decription: Hillside

Map

Range of Values:

Collateral Analytics

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ICE

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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

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
2024 $5,325 $350,198 $350,198 --
2023 $5,237 $343,332 $343,332 $0
2022 $4,041 $336,600 $336,600 $0
2021 $3,993 $330,000 $330,000 $0
2020 $12,458 $1,020,000 $969,000 $51,000
2019 $772 $47,318 $42,706 $4,612
2018 $719 $46,391 $41,869 $4,522
2017 $707 $45,483 $41,049 $4,434
2016 $3,235 $44,593 $40,245 $4,348
2015 $653 $43,924 $39,641 $4,283
2014 $2,483 $43,065 $38,865 $4,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2024 09/30/24 For Sale $499,000 -28.7% --
11/25/2020 11/25/20 Sold $700,000 -53.2% --
11/13/2020 11/13/20 Pending -- -- --
11/05/2020 11/05/20 Price Changed $1,495,000 -25.1% --
09/29/2020 09/29/20 For Sale $1,995,000 -- --
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $700,000 Fidelity National Title Co
Trustee Deed $500,000 Accommodation
Grant Deed $1,000,000 Fidelity National Title
Grant Deed -- Accommodation
Grant Deed -- None Available
Interfamily Deed Transfer -- --
Quit Claim Deed -- --
Interfamily Deed Transfer -- --
Grant Deed -- Chicago Title Insurance Co
Grant Deed -- Chicago Title Insurance Co
Grant Deed -- Chicago Title Insurance Co
Trustee Deed $4,332,526 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,000,000 Unknown
Previous Owner $1,500,000 Unknown
Previous Owner $600,000 Construction
Previous Owner $1,245,867 Unknown
Previous Owner $130,211 Purchase Money Mortgage
Previous Owner $2,000,000 Seller Take Back
Source: Public Records

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Source: The MLS

MLS Number: 24-446641

The MLS

APN: 5565-020-029