$750,000
SOLD DEC 23, 2024

2843 Folsom St Los Angeles, CA 90033

0.13 Acre
$5,588,674 Price per Acre
5,845 Sq Ft Lot

Recently Sold

$947 Per Sq Ft

71 Days on Market

About This Lot

As of December 2024

RTI APPROVED and READY TO BUILD Vacant Lot. Property has been demolished to build 4 units comprising of 2 3-story buildings. 5 bedrooms/ 5 baths each unit at 2,000 sqft per unit.

Last Agent to Sell the Property

Maria Moreno

Regional Real Estate Brokerage Phone: 562-207-7449 License #02014010 Listed on: 09/05/2024

Last Buyer's Agent

Danny Navarro

Century 21 Allstars License #01938421

Century 21 Allstars

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,440

Lot Details

  • 5,845 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned LARD1.5

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Legal Lot and Block 10 / C
  • Assessor Parcel Number 5178010010
  • $262 per year additional tax assessments

Property Details

Property Type

Land

Est. Annual Taxes

$9,440

Lot Details

0

Listing Details

  • View: No
  • Zoning: LARD1.5
  • Property Type: Land
  • Parcel Number: 5178010010
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 128.31

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5845.00
  • Lot Size Acres: 0.1342

Multi Family

  • Lot Size Area: 5845.0000 Square Feet

Tax Info

  • Tax Block: C
  • Tax Census Tract: 2037.20
  • Tax Lot: 10
  • TaxOtherAnnualAssessmentAmount: 262.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2024
Closed on
Nov 21, 2024
Sold by
Dla Investments Llc
Bought by
Caterra Property 3 Llc
Seller's Agent
Maria Moreno
Regional Real Estate
Buyer's Agent
Danny Navarro
Century 21 Allstars
List Price
$750,000
Sold Price
$750,000
Views
17
Current Estimated Value
$744,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,918
Avg. Annual Appreciation
-1.09%
Original Mortgage
$1,890,000
Outstanding Balance
$1,073,648
Interest Rate
6.79%
Mortgage Type
Construction
Estimated Equity
-$329,566

Purchase Details

Closed on
Sep 27, 2022
Sold by
Diaz Rafaela
Bought by
Dla Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 8, 2020
Closed on
Apr 21, 2020
Sold by
Rizo Abel Alejandre
Bought by
Diaz Rafaela
Seller's Agent
Julio Moreno
IET Real Estate
Buyer's Agent
Julio Moreno
IET Real Estate
List Price
$470,000
Sold Price
$470,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.13%
Original Mortgage
$446,500
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2009
Sold by
Rizo Abel Alejandre and Alejandre Abel Rizo
Bought by
Rizo Abel Alejandre

Purchase Details

Closed on
Jan 12, 1994
Sold by
Rizo Guillermo
Bought by
Alejandre Abel Rizo
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 $750,000 Wfg National Title
Grant Deed $750,000 Wfg National Title
Grant Deed $750,000 Provident Title
Grant Deed $470,000 Wfg National Title Company
Interfamily Deed Transfer -- None Available
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,890,000 Construction
Closed $1,890,000 Construction
Previous Owner $1,000,000 New Conventional
Previous Owner $750,000 New Conventional
Previous Owner $446,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Sold $750,000 0.0% $947 / Sq Ft
11/15/2024 11/15/24 Pending -- -- --
09/05/2024 09/05/24 For Sale $750,000 0.0% $947 / Sq Ft
12/30/2022 12/30/22 Sold $750,000 0.0% $947 / Sq Ft
11/27/2022 11/27/22 For Sale $749,999 0.0% $947 / Sq Ft
10/03/2022 10/03/22 Pending -- -- --
09/09/2022 09/09/22 For Sale $749,999 0.0% $947 / Sq Ft
09/08/2022 09/08/22 Off Market $750,000 -- --
09/07/2022 09/07/22 For Sale $749,999 +59.6% $947 / Sq Ft
06/11/2020 06/11/20 Sold $470,000 0.0% $593 / Sq Ft
05/08/2020 05/08/20 Pending -- -- --
05/08/2020 05/08/20 For Sale $470,000 -- $593 / Sq Ft
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 $9,440 $750,000 $734,100 $15,900
2024 $9,440 $765,000 $609,042 $155,958
2023 $9,258 $750,000 $597,100 $152,900
2022 $5,903 $484,364 $387,492 $96,872
2021 $6,302 $474,868 $379,895 $94,973
2020 $2,543 $191,134 $167,837 $23,297
2019 $2,449 $187,388 $164,547 $22,841
2018 $2,389 $183,715 $161,321 $22,394
2016 $2,281 $176,582 $155,057 $21,525
2015 $2,250 $173,930 $152,728 $21,202
2014 $2,266 $170,524 $149,737 $20,787
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24183959

California Regional Multiple Listing Service (CRMLS)

APN: 5178-010-010