NOT LISTED FOR SALE

406 S Saltair Ave Los Angeles, CA 90049

Brentwood Neighborhood

Estimated Value: $4,247,000 - $26,811,426

2.4 Acres
$6,470,505 Price per Acre
104,544 Sq Ft Lot

Last Sold May 30, 2018

Last sale price $22,500,000 $11,427 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $111,147/month

9 Days on Market

About This Lot

As of May 2018

Exceptionally Rare Opportunity in the Heart of Brentwood: 2.4 acres in the Brentwood Flats! Available for the 1st time in 80 years. Within walking distance of some of the Westside's most outstanding amenities. New Boundary Survey, ALTA, Phase 1, Preliminary Title, Topo and Geo reports completed. By appointment only.

Last Agent to Sell the Property

Don Hecker

HECKER PROPERTIES License #00552443 Listed on: 04/16/2018

Co-Listed By

Reagan Hecker

Kerry Reagan Hecker License #01236279

Last Buyer's Agent

Todd Nathanson

Sotheby's International Realty License #01414987

Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $301,606

Lot Details

  • 2.4 Acre Lot
  • Property is zoned LARS

Utilities

  • Sewer in Street
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4404-029-005

Property Details

Property Type

Land

Est. Annual Taxes

$301,606

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 2.4000
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: Yes
  • Sewer: In Street
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 4404-029-005
  • Geocode Override: No
  • Lot Size Area: 105137

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2018
Closed on
May 11, 2018
Sold by
Fazer Geneva R and Secco Claudie Desai
Bought by
Fazer Geneva R and Secco Claudie Desai
Seller's Agent
Don Hecker
HECKER PROPERTIES
Buyer's Agent
Todd Nathanson
Sotheby's International Realty
List Price
$22,500,000
Sold Price
$22,500,000
Current Estimated Value
$15,529,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,970,787
Avg. Annual Appreciation
-7.50%
Original Mortgage
$17,000,000
Outstanding Balance
$14,825,011
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
-$1,925,318

Purchase Details

Listed on
Apr 16, 2018
Closed on
May 7, 2018
Sold by
Fazer Geneva R and Secco Clauclie Desai
Bought by
406 S Saltair Llc
Seller's Agent
Don Hecker
HECKER PROPERTIES
Buyer's Agent
Todd Nathanson
Sotheby's International Realty
List Price
$22,500,000
Sold Price
$22,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000,000
Outstanding Balance
$14,825,011
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
-$1,925,318
Source: Public Records

Range of Values:

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ICE

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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
Fazer Geneva R -- None Available
406 S Saltair Llc $22,500,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 406 S Saltair Llc $17,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2018 05/30/18 Sold $22,500,000 0.0% $11,427 / Sq Ft
04/25/2018 04/25/18 Pending -- -- --
04/16/2018 04/16/18 For Sale $22,500,000 -- $11,427 / 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
2024 $301,606 $25,099,177 $25,099,177 --
2023 $295,635 $24,607,037 $24,607,037 $0
2022 $281,676 $24,124,547 $24,124,547 $0
2021 $278,435 $23,651,517 $23,651,517 $0
2019 $269,971 $22,950,000 $22,950,000 $0
2018 $8,803 $710,615 $644,277 $66,338
2016 $8,416 $683,023 $619,260 $63,763
2015 $8,294 $672,765 $609,959 $62,806
2014 $8,374 $659,587 $598,011 $61,576
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Don Hecker

    HECKER PROPERTIES

    Section Image

  • R

    Seller Co-Listing Agent in 2018

    Reagan Hecker

    Kerry Reagan Hecker

    Section Image
  • Todd Nathanson

    Buyer's Agent in 2018

    Todd Nathanson

    Sotheby's International Realty

    (310) 622-7148

    4 in this area

    10 Total Sales

    Todd Nathanson
    Section Image
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Map

Source: The MLS

MLS Number: 18-333658

The MLS

APN: 4404-029-005

California Los Angeles County Los Angeles 90049 Brentwood

406 S Saltair Ave, Los Angeles, CA

This home is located at 406 S Saltair Ave, Los Angeles, CA 90049 since 16 April 2018 and is currently estimated at $15,529,213, approximately $7,886 per square foot. 406 S Saltair Ave is a home located in Los Angeles County with nearby schools including Brentwood Science Magnet, Kenter Canyon Elementary School, and Paul Revere Charter Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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