NOT LISTED FOR SALE

Estimated Value: $2,047,000 - $3,279,000

2 Beds
1 Bath
1,380 Sq Ft
$2,058/Sq Ft Est. Value

Last Sold February 22, 2024

Last sale price $3,000,000 $2,174 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $17,642/month

106 Days on Market

Highlights

  • City View
  • 0.46 Acre Lot
  • No HOA
  • Mar Vista Elementary Rated A
  • Living Room with Fireplace
  • 4 Car Garage

About This Home

As of February 2024

Developers! Take advantage of this rare opportunity to purchase a 19,987 sq.ft. (.46 AC) lot in a prime Mar Vista location. The R1V2 zoned lot presents significant upside potential and various avenues for development with the potential to build up to 8,995 sq.ft. of livable space plus an 800 sq.ft. ADU, for a total of 9,795 sq.ft (RFA). Development options include subdividing through the Traditional Subdivision Map, by applying for SB9 (2-Unit Development or Urban Lot Split), or even building a uniquely secluded luxury residence with unobstructed city views. Tucked away from the street with frontage on both Palms Blvd and Lawler St, the designated through lot offers minimal setback requirements. Ideally situated just a 10-minute drive to the beach and with moments-away access to premier amenities including Mar Vista Elementary, the Mar Vista Farmers Market, Penmar Golf Course, Whole Foods, and more, this rare development offering provides a one-of-a-kind opportunity not to be overlooked. Contact us today for details.

Last Agent to Sell the Property

F. Ron Smith

Compass License #00961954 Listed on: 10/11/2023

Compass

Co-Listed By

David Berg

Compass License #01481236

Last Buyer's Agent

Ash Ghavami

Re/Max Luxe License #01994702

Re/Max Luxe

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,765

Year Built

  • Built in 1915

Lot Details

  • 0.46 Acre Lot
  • No Landscaping
  • Level Lot
  • Value in Land
  • Tear Down
  • Property is zoned R1V2

Parking

  • 4 Car Garage

Home Design

  • Fixer Upper

Interior Spaces

  • 1,380 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • City Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • City Lot
  • Property is located within a water district

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4248-021-037

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,765

Year Built

Built in 1915

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Tear-Down
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1380
  • Lot Acreage: 0.4595
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Tear Down, Fixer
  • Stories: 1
  • Year Built: 1915
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 1.00
  • Den: 0
  • Price Per S Q F T: 2353.62

Exterior Features

  • Other Structures: Accessory Bldgs
  • Tennis Court: Room For
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 4
  • Parking Garage: Garage - 1 Car, Garage - 3 Car, Garage Is Detached

Utilities

  • Sewer: On Site
  • Water: District, Meter on Property, On Site

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4248-021-037
  • Lot Description: Lot-Level/Flat, No Landscaping, Raw Land, Tear Down On Lot, Yard, Value In Land
  • Lot Location: City
  • Lot Size Area: 19987

Rental Info

  • Land Lease Purchase Yn: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Jan 26, 2024
Sold by
Wrv Mountain View Llc
Bought by
Phm Property Group Llc
Seller's Agent
F. Ron Smith
Compass
Buyer's Agent
Ash Ghavami
Re/Max Luxe
List Price
$3,248,000
Sold Price
$3,000,000
Premium/Discount to List
-$248,000
-7.64%
Views
81
Current Estimated Value
$2,839,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$160,602
Avg. Annual Appreciation
-3.42%

Purchase Details

Listed on
May 26, 2022
Closed on
Jun 8, 2022
Sold by
Washington Group Owners Llc
Bought by
Wrv Mountain View Llc
Seller's Agent
F. Ron Smith
Compass
Buyer's Agent
David Berg
Compass
List Price
$2,495,000
Sold Price
$2,550,000
Premium/Discount to List
$55,000
2.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.48%
Original Mortgage
$2,040,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2015
Sold by
Hudson Aleta June
Bought by
Hudson Aleta J and Aleta Hudston Trust
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
Phm Property Group Llc $3,000,000 First American Title
Wrv Mountain View Llc $2,550,000 First American Title Company O
Hudson Aleta J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wrv Mountain View Llc $2,040,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $3,000,000 -7.6% $2,174 / Sq Ft
01/25/2024 01/25/24 Pending -- -- --
10/11/2023 10/11/23 For Sale $3,248,000 +27.4% $2,354 / Sq Ft
07/07/2022 07/07/22 Sold $2,550,000 +2.2% $1,848 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
05/26/2022 05/26/22 For Sale $2,495,000 -28.7% $1,808 / Sq Ft
05/13/2022 05/13/22 Sold $3,500,000 -12.5% $2,536 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
02/10/2022 02/10/22 For Sale $4,000,000 0.0% $2,899 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
01/28/2022 01/28/22 For Sale $4,000,000 -- $2,899 / Sq Ft
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 $31,765 $3,060,000 $2,961,162 $98,838
2024 $31,765 $2,601,000 $2,473,500 $127,500
2023 $31,149 $2,550,000 $2,425,000 $125,000
2022 $2,638 $177,969 $110,495 $67,474
2021 $2,601 $174,480 $108,329 $66,151
2019 $2,537 $169,307 $105,117 $64,190
2018 $2,338 $165,988 $103,056 $62,932
2016 $2,233 $159,545 $99,055 $60,490
2015 $2,205 $157,150 $97,568 $59,582
2014 $2,230 $154,072 $95,657 $58,415
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-317111

The MLS

APN: 4248-021-037