4007 Exposition Blvd Los Angeles, CA 90016
West Adams NeighborhoodEstimated Value: $1,095,000 - $1,246,000
2
Beds
1
Bath
952
Sq Ft
$1,247/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Neighborhood Views
- 1 Car Garage
- No HOA
- Laundry Room
- Bike Trail
About This Home
As of December 2023BACK ON THE MARKET! // FOR SALE WITH OR WITHOUT NEIGHBORING PROPERTY AT 4011 EXPOSITION (APN 5046-005-030). RARE OVERSIZED DOUBLE-LOT DEVELOPMENT OPPORTUNITY! // On the border of red-hot West Adams, these two adjacent lots totaling over 10,870 square feet offer a unique opportunity with MASSIVE upside. Primed for development, these lots are zoned LAR3 and are designated Tier-3 under the Transit Oriented Communities (TOC) Incentive Program. They are located within a State Enterprise Zone and a Qualified Opportunity Zone, and qualify for new Assembly Bill 2097 (signed into law last month) making it illegal for the city to require parking based on proximity to major transit stops. Both properties are owner-occupied, so there are no existing rent-stabilized units that would need to be replaced upon redevelopment. This is an incredible opportunity in an incredible location, and it is rare to find adjacent lots available for larger development footprints. // A short six-minute walk from the Expo/Crenshaw Line Station for trains to Santa Monica, Culver City or downtown LA, and the new train line (opening 10/7/22) to Inglewood, SoFi Stadium, and LAX. Centrally located, with easy access to the 10 FWY, and situated between downtown LA, Santa Monica, Hollywood, Inglewood, LAX, Playa Vista, and Culver City, West Adams is exploding with new developments. With the opening of the Crenshaw rail line, a new urban crossroads has been created, central to everywhere on the West Side of LA. This property is walking distance to Party Beer, Highly Likely, Mel’s, and HomeState in one of the hippest neighborhoods in the city. This pleasant neighborhood has a cool summer micro-climate with sea breezes that flow between Cheviot Hills and Baldwin Hills. Current use for 4007 Exposition is a 2 bedroom, 1 bathroom, 952sf home with a detached garage. 4011 Exposition Blvd is a 3 bedroom, 2 bathroom 1,400 sf home with a detached garage. Both homes are owner-occupied; there are no existing rent-stabilized units that would need to be replaced and both homes will be delivered vacant. Results of borings down to the sub-soil available upon request. Combined lot dimensions approximately 84’ x 130’. All information deemed reliable but not guaranteed. Buyer to verify all information and zoning.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,930
Year Built
- Built in 1926
Lot Details
- 5,416 Sq Ft Lot
- Back Yard
- Density is up to 1 Unit/Acre
- Value in Land
- Property is zoned LAR3
Parking
- 1 Car Garage
- Parking Available
- Driveway
Interior Spaces
- 952 Sq Ft Home
- 1-Story Property
- Neighborhood Views
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Washer Hookup
Additional Features
- Rain Gutters
- Property is near public transit
Listing and Financial Details
- Tax Lot 137
- Tax Tract Number 7823
- Assessor Parcel Number 5046005029
- $313 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
Recreation
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 20, 2023
Sold by
Torres Edwin Antonio
Bought by
Rhodes Suite Owner Llc
Total Days on Market
99
Current Estimated Value
Purchase Details
Closed on
Jun 11, 2021
Sold by
Torres Martha
Bought by
Torres Edwin Antonio
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,500
Interest Rate
2.9%
Mortgage Type
FHA
Purchase Details
Closed on
Dec 19, 2011
Sold by
Rivera Jose
Bought by
Torres Martha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 23, 2011
Sold by
Federal National Mortgage Association
Bought by
Torres Martha and Torres Edwin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 20, 2009
Sold by
Malcolm Jerome
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Mar 10, 2008
Sold by
Malcolm Jerome
Bought by
Calcote Anthony
Purchase Details
Closed on
Dec 18, 2006
Sold by
Chu Moses E and Chu Trust
Bought by
Malcolm Jerome
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,000
Interest Rate
7.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 18, 1996
Sold by
Chu Moses E
Bought by
Chu Moses E and Chu June L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rhodes Suite Owner Llc | $1,050,000 | Consumers Title Company | |
| Torres Edwin Antonio | -- | California Best Title | |
| Torres Martha | -- | Stewart Title Of California | |
| Torres Martha | $225,000 | Stewart Title Of California | |
| Federal National Mortgage Association | $356,281 | Landsafe Title | |
| Calcote Anthony | -- | None Available | |
| Malcolm Jerome | $375,000 | Equity Title | |
| Chu Moses E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Torres Edwin Antonio | $203,500 | |
| Previous Owner | Torres Martha | $180,000 | |
| Previous Owner | Malcolm Jerome | $197,000 | |
| Previous Owner | Malcolm Jerome | $298,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/13/2023 12/13/23 | Sold | $1,050,000 | -12.5% | $1,103 / Sq Ft |
| 01/14/2023 01/14/23 | Pending | -- | -- | -- |
| 10/07/2022 10/07/22 | For Sale | $1,200,000 | -- | $1,261 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $12,930 | $1,050,000 | $840,000 | $210,000 |
| 2023 | $6,841 | $542,585 | $459,837 | $82,748 |
| 2022 | $6,526 | $531,947 | $450,821 | $81,126 |
| 2021 | $3,381 | $261,082 | $180,439 | $80,643 |
| 2020 | $3,411 | $258,406 | $178,589 | $79,817 |
| 2019 | $3,283 | $253,340 | $175,088 | $78,252 |
| 2018 | $3,181 | $248,373 | $171,655 | $76,718 |
| 2016 | $3,038 | $238,731 | $164,991 | $73,740 |
| 2015 | $2,995 | $235,146 | $162,513 | $72,633 |
| 2014 | $3,013 | $230,541 | $159,330 | $71,211 |
Source: Public Records
Agents Affiliated with this Home
-
Alex Wolf
A
Seller's Agent in 2023
Alex Wolf
Compass
(310) 499-6823
3 in this area
36 Total Sales
-
Tyler Wolf
T
Seller Co-Listing Agent in 2023
Tyler Wolf
Compass
(310) 376-8871
3 in this area
48 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22215579
APN: 5046-005-029
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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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