NOT LISTED FOR SALE

Estimated Value: $512,000 - $660,000

0.18 Acre
$3,305,677 Price per Acre
7,817 Sq Ft Lot

Last Sold October 11, 2023

Last sale price $600,000

Est. 1% decrease in value since last sale

Current estimated payment $3,853/month

892 Days on Market

Highlights

  • City Lights View
  • Up Slope from Street
  • Bike Trail
  • No HOA
  • Foothills
  • Wrought Iron Fence

About This Lot

As of October 2023

Beachwood Canyon adjacent buildable LAR1 lot. (Per Assessor - 7817 sqft.) The seller has plans, permits, and surveys from several years back that can be shared upon evidence of interest. Buyer to verify to own satisfaction with City the buildability and any needed updates to plans/permits that may be required. The retaining wall on the West Side of the property recently completed.

Last Agent to Sell the Property

Speedy Watson

First Team Real Estate License #00614328 Listed on: 03/29/2021

First Team Real Estate

Last Buyer's Agent

Joseph Reichling

Compass License #01427385

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,327

Lot Details

  • 7,817 Sq Ft Lot
  • Wrought Iron Fence
  • Chain Link Fence
  • Property is zoned LAR1

Parking

  • Up Slope from Street

Property Views

  • City Lights
  • Neighborhood

Utilities

  • Water Not Available

Listing and Financial Details

  • Tax Lot 64
  • Tax Tract Number 3643
  • Assessor Parcel Number 5585010018

Community Details

Overview

  • No Home Owners Association
  • Foothills

Recreation

  • Bike Trail

Property Details

Property Type

Land

Est. Annual Taxes

$7,327

Lot Details

0

Listing Details

  • Possible Use Comments: Single Family Residence
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: LAR1
  • Property Type: Land
  • Parcel Number: 5585010018
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 76.76

Exterior Features

  • View: City Lights, Neighborhood
  • Fencing: Chain Link, Wrought Iron

Utilities

  • Water Source: None

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Foothills

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Up Slope from Street
  • Lot Size Sq Ft: 7817.00
  • Lot Size Acres: 0.1795

Multi Family

  • Lot Size Area: 7817.0000 Square Feet

Tax Info

  • Tax Census Tract: 1894.00
  • Tax Lot: 64
  • Tax Tract Number: 3643

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
Oct 4, 2023
Sold by
Michael J Losmandy Revocable Trust
Bought by
Sharaf Joseph
Seller's Agent
Speedy Watson
First Team Real Estate
Buyer's Agent
Joseph Reichling
Compass
List Price
$1,495,000
Sold Price
$600,000
Premium/Discount to List
-$895,000
-59.87%
Views
77
Current Estimated Value
$595,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,856
Avg. Annual Appreciation
-0.60%
Original Mortgage
$2,802,000
Outstanding Balance
$2,751,996
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
-$2,158,627

Purchase Details

Closed on
Nov 13, 2013
Sold by
Losmandy Michael J
Bought by
Losmandy Michael J and The Michael J Losmandy Revocab

Purchase Details

Closed on
Sep 14, 2004
Sold by
Wlaschin Kenneth G and Wlaschin Maureen N
Bought by
Losmandy Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
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
Sharaf Joseph $600,000 Wfg National Title
Losmandy Michael J -- None Available
Losmandy Michael $715,000 Provident Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharaf Joseph $2,802,000
Previous Owner Losmandy Michael $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2023 10/11/23 Sold $600,000 -19.9% --
09/07/2023 09/07/23 Pending -- -- --
07/31/2023 07/31/23 Price Changed $749,500 -5.7% --
05/19/2023 05/19/23 Price Changed $795,000 -11.2% --
07/11/2022 07/11/22 Price Changed $895,000 -5.7% --
06/14/2022 06/14/22 Price Changed $949,000 -4.6% --
08/31/2021 08/31/21 Price Changed $995,000 -9.5% --
06/02/2021 06/02/21 Price Changed $1,100,000 -15.1% --
04/10/2021 04/10/21 Price Changed $1,295,000 -13.4% --
03/29/2021 03/29/21 For Sale $1,495,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,327 $612,000 $612,000 --
2024 $7,327 $600,000 $600,000 --
2023 $3,485 $279,770 $187,562 $92,208
2022 $3,322 $274,285 $183,885 $90,400
2021 $3,285 $268,908 $180,280 $88,628
2019 $3,187 $260,934 $174,934 $86,000
2018 $2,175 $171,504 $171,504 $0
2016 $2,085 $164,846 $164,846 $0
2015 $2,055 $162,370 $162,370 $0
2014 $2,063 $159,190 $159,190 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21065453

California Regional Multiple Listing Service (CRMLS)

APN: 5585-010-018