$3,500,000
SOLD MAY 13, 2022
2 Beds
1 Bath
1,380 Sq Ft
0.66 Acres

Recently Sold

$2,536 Per Sq Ft

12% Below List Price

47 Days on Market

About This Home

As of February 2024

Calling all developers! One of the biggest opportunities to ever to come to market in Mar Vista is now ready for your next project. Here is your chance to build a project on a large 28,000+ square foot lot located in a prime Mar Vista location. Build your next dream home, or better yet, build 2 dream homes because this amazing piece of prime real estate is comprised of two separate APN’s (which the Seller is willing to sell together), making this an unprecedented development opportunity that you may not see again in your lifetime! The larger parcel is just under 20,000 square feet alone! The smaller parcel is approximately 8,000 square feet (buyer to confirm square footage of both lots). There are several existing structures currently that are not habitable and are teardowns. Both lots will be sold AS IS. Both parcels are flag lots, with no frontage on Mountain View or Palms Blvd, aside from their driveways, so you can build a uniquely secluded luxury residence. Each parcel has a separate driveway accessing it. This once in a lifetime opportunity is located near great shopping/dining, the Mar Vista Farmer’s Market, minutes to Santa Monica, world famous Abbot Kinney and Venice Beach. Let your imagination take it from here!

Last Agent to Sell the Property

Jenny Morant

Compass License #01874517 Listed on: 01/28/2022

Compass

Co-Listed By

Tyler Morant

Compass License #02155473

Last Buyer's Agent

David Berg

Compass License #01481236

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $31,765

Year Built

  • Built in 1915

Lot Details

  • 0.66 Acre Lot
  • Flag Lot
  • 4248021036
  • Property is zoned LAR1

Home Design

  • 1,380 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Urban Location
  • Septic Type Unknown

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot B
  • Assessor Parcel Number 4248021037

Home Details

Home Type

Single Family

Est. Annual Taxes

$31,765

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: No
  • Zoning: LAR1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 4248021037
  • Year Built: 1915
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1380.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Levels: One
  • Price Per Square Foot: 2536.23

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Unknown

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 4248021036
  • Land Lease: No
  • Lot Features: Flag Lot
  • Lot Size Sq Ft: 28818.00
  • Lot Size Acres: 0.6616

Multi Family

  • Lease Considered: No
  • Lot Size Area: 28818.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 2715.00
  • Tax Lot: B

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 Type Sale Price Title Company
Grant Deed $3,000,000 First American Title
Grant Deed $2,550,000 First American Title Company O
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,040,000 New Conventional
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: 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 $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: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22016479

California Regional Multiple Listing Service (CRMLS)

APN: 4248-021-037