NOT LISTED FOR SALE

Estimated Value: $12,899,966

0.7 Acre
$18,489,273 Price per Acre
30,392 Sq Ft Lot

Last Sold June 05, 2024

Last sale price $13,000,000

Est. 1% decrease in value since last sale

Current estimated payment $71,246/month

67 Days on Market

About This Lot

As of June 2024

30,391 of land in Rampart Village near DTLA zoned C2-1 w/ Tier 2 TOC. Proposed plans for 119-unit, 6-story mixed use multifamily property. 74 Units By-Right, 119 Total with 60% TOC Density Bonus (Buyer to Verify). Proposed building is 95,834 SqFt with 1 Level subterranean parking, 1 Level Parking on Grade with Commercial Restaurant Space, 5 Residential Levels and a rooftop deck. Proposed plans to be provided. Current improvements include renovated office and warehouse space with 85+ vehicle rooftop parking deck, available for lease at $2.00/SF.

Last Agent to Sell the Property

Jake Glaser

Lyon Stahl Investment Real Estate, Inc. License #02128816 Listed on: 11/13/2023

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Jake Glaser

Lyon Stahl Investment Real Estate, Inc. License #02128816 Listed on: 11/13/2023

Lyon Stahl Investment Real Estate, Inc.

Property Details

Property Type

  • Land

Lot Details

  • 0.7 Acre Lot
  • Property is zoned LAC2

Property Views

  • City Views

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5156-020-019

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.6977
  • Probate: No
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: City
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5156-020-019
  • Lot Size Area: 30393
  • Potential Usage: 119-Unit, 6-Story Mixed Use Multifamily Property with Ground Floor retail and 1 level subterranean parking.
  • Present Use: 29K SqFt Office / Warehouse with Rooftop Parking Deck

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2010
Sold by
Lee Dai R and Lee Debbie K
Bought by
Mdb International Branding Llc
Current Estimated Value
$12,899,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,380,000
Outstanding Balance
$1,568,413
Interest Rate
4.17%
Mortgage Type
Commercial
Estimated Equity
$11,331,553

Purchase Details

Closed on
May 10, 2007
Sold by
Lee Dai Ryong and Lee Debbie Kyu Soon
Bought by
Lee Dai R

Purchase Details

Closed on
Dec 17, 1999
Sold by
Topper Jennifer
Bought by
Topper Burt

Purchase Details

Closed on
Dec 7, 1999
Sold by
M S And M B Kreeger Trust and Kliaman J Co Tr Kliaman Trust
Bought by
Lee Dai Ryong

Purchase Details

Closed on
Feb 22, 1994
Sold by
Kreeger Muriel B
Bought by
Kreeger Merwin S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mdb International Branding Llc $2,800,028 Chicago Title Co
Lee Dai R -- None Available
Topper Burt -- United Title
Lee Dai Ryong -- United Title
Kreeger Merwin S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mdb International Branding Llc $2,380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2024 06/05/24 Sold $13,000,000 -3.7% --
01/19/2024 01/19/24 Pending -- -- --
11/13/2023 11/13/23 For Sale $13,500,000 -- --
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 $46,303 $13,260,000 $11,424,000 $1,836,000
2024 $46,303 $3,516,952 $2,512,111 $1,004,841
2023 $45,469 $3,447,993 $2,462,854 $985,139
2022 $43,483 $3,380,386 $2,414,563 $965,823
2021 $42,808 $3,314,105 $2,367,219 $946,886
2019 $41,596 $3,215,808 $2,297,007 $918,801
2018 $40,839 $3,152,754 $2,251,968 $900,786
2016 $38,814 $3,030,330 $2,164,522 $865,808
2015 $38,276 $2,984,812 $2,132,009 $852,803
2014 -- $2,926,344 $2,090,246 $836,098
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-331583

The MLS

APN: 5156-020-019