2819 S Flower St Los Angeles, CA 90007
University Park NeighborhoodEstimated payment $34,857/month
Highlights
- City Lights View
- 0.31 Acre Lot
- No HOA
About This Lot
Located in the heart of downtown Los Angeles, just moments away from the prestigious University of Southern California (USC), lies a rare gem of real estate: two parcels totaling 13,390 square feet, awaiting a visionary investor or developer. Located at 2819 S Flower Street, this expansive property offers an exceptional canvas for realizing your dreams of urban development.
Unbeatable Location: Situated in one of the most dynamic and sought-after neighborhoods in Los Angeles, this land enjoys unparalleled proximity to USC, making it an ideal investment for student housing, mixed-use development, or commercial ventures catering to the vibrant university community.
Fully Entitled Development: This rare offering comes with the invaluable advantage of full entitlements for a 47-guest room hotel, streamlining the development process and expediting your journey from vision to reality. With all necessary approvals in place, you can begin construction without delay, saving both time and resources.
Generous Size: With a total area of 13,390 square feet spread across two parcels, this property presents ample space for creative construction and versatile design concepts. Whether you envision a multi-story residential complex, retail establishments, or a combination of both, the possibilities are endless.
Thriving Urban Environment: Surrounded by a diverse array of cultural attractions, dining options, entertainment venues, and convenient amenities, this location offers an unparalleled urban lifestyle experience. Residents and visitors alike will appreciate the convenience of living in close proximity to downtown LA's bustling scene.
Investment Potential: As downtown Los Angeles continues to undergo rapid revitalization and gentrification, savvy investors have recognized the immense potential for growth and profitability in this area. Secure your stake in the future of one of the nation's most dynamic real estate markets.
Accessibility: Enjoy easy access to major transportation arteries, including highways, public transit routes, and bike lanes, facilitating seamless connectivity to all corners of the city and beyond.
Whether you're looking to capitalize on the thriving student population, capitalize on the burgeoning urban renaissance, or simply secure a strategic investment for the future, 2819 S Flower Street beckons with limitless potential.
Listing Agent
ALTC Realty Brokerage Phone: 626-487-8348 License #01960120 Listed on: 05/16/2024
Property Details
Property Type
- Land
Est. Annual Taxes
- $39,047
Lot Details
- 0.31 Acre Lot
- Property fronts a highway
- Density is 36-40 Units/Acre
- Property is zoned LAC2
Property Views
- City Lights
- Woods
Listing and Financial Details
- Tax Lot 15
- Assessor Parcel Number 5123019031
- $3,747 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Exterior Lighting
Map
Home Values in the Area
Average Home Value in this Area
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 | $39,047 | $1,030,364 | $1,030,364 | -- |
| 2024 | $39,047 | $2,939,545 | $2,202,006 | $737,539 |
| 2023 | $38,313 | $2,881,908 | $2,158,830 | $723,078 |
| 2022 | $36,532 | $2,825,400 | $2,116,500 | $708,900 |
| 2021 | $18,774 | $1,353,115 | $951,899 | $401,216 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/16/2024 05/16/24 | For Sale | $5,800,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR24099585
APN: 5123-019-031
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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