$4,500,000
SOLD FEB 14, 2025

410 E Olive St San Marcos, CA 92069

3.24 Acres
$1,388,889 Price per Acre
141,134 Sq Ft Lot

Recently Sold

589 Days on Market

Highlights

  • 3.24 Acre Lot
  • Twin Oaks Elementary School Rated A-
  • Views

About This Lot

As of February 2025

Orchid Greenhouse is a fully functional and in well maintained condition. Property is currently used for Orchid flower production. The property is zoned Agricultural and has 4 permitted greenhouses. This property to be sold together with Fully Set Up only One in So. CA "Orchid" downtown flower business. Asking Price is $4.5MM (both business/real estate) including $1.3 MM inventory. Flora Caly was founded in the Flower District of DTLA about 20 years ago. Flower Clay is located at 766 San Julian Street, Los Angeles, CA 90014, and the Orchid Greenhouse is in San Marcos, CA. Flora Clay imports a baby orchid from Taiwan, cultivates it, and produces a commercial orchid in 6 months. Then, deliver them to DTLA and San Diego area. Flora Clay is the only "Orchid" supplier in Southern California, and there is still room for growth. The founder is planning to retire. DTLA's gross sales approximately $2.3MM in the first six months, while San Marco's is around $1.1MM. The second half of the year is often busier with larger gross revenues. DTLA has 13 employees/San Marcos has 11 employees. Flora Clay has been supplying orchids to two consignments in the Flower District of DTLA on monthly basis for the last 17 years.

Last Agent to Sell the Property

Linda Tumen

HST Properties, Inc. License #01841076 Listed on: 03/01/2024

Co-Listed By

Sung W. Yi

One Properties License #00808681

Last Buyer's Agent

Sung W. Yi

One Properties License #00808681

Property Details

Property Type

  • Land

Lot Details

  • 3.24 Acre Lot
  • Property is zoned A70

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 182-076-19-00

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 3.2400
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 182-076-19-00
  • Lot Size Area: 141134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2024
Closed on
Jan 6, 2025
Sold by
Live Oak Orchid Llc
Bought by
Xorchids Llc
Seller's Agent
Linda Tumen
HST Properties, Inc.
Buyer's Agent
Sung W. Yi
One Properties
List Price
$4,500,000
Sold Price
$4,500,000
Views
60
Current Estimated Value
$1,515,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,984,772
Original Mortgage
$3,930,000
Outstanding Balance
$3,889,381
Interest Rate
6.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2024
Sold by
Lee Sang K
Bought by
Live Oak Orchid Llc

Purchase Details

Closed on
Aug 7, 2014
Sold by
Lee Eun Sook
Bought by
Lee Sang K

Purchase Details

Closed on
Aug 6, 2014
Sold by
Lin Fen Fen and Lin Chin Fen
Bought by
Lee Sang K

Purchase Details

Closed on
Mar 12, 1991
Bought by
Lin Fen-Fen Mwjt Lin Chin-Fen Smjt
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $2,050,000 Chicago Title
Grant Deed -- Chicago Title
Interfamily Deed Transfer -- Equity Title
Grant Deed $750,000 None Available
Deed $175,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,930,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2025 02/14/25 Sold $4,500,000 0.0% --
02/06/2025 02/06/25 Pending -- -- --
03/01/2024 03/01/24 For Sale $4,500,000 0.0% --
02/29/2024 02/29/24 Off Market $4,500,000 -- --
06/28/2023 06/28/23 For Sale $4,500,000 -- --
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 $13,303 $2,000,000 $1,900,000 $100,000
2024 $13,303 $883,702 $441,851 $441,851
2023 $12,970 $866,376 $433,188 $433,188
2022 $12,632 $849,390 $424,695 $424,695
2021 $12,307 $832,736 $416,368 $416,368
2020 $12,168 $824,198 $412,099 $412,099
2019 $12,011 $808,038 $404,019 $404,019
2018 $11,624 $792,196 $396,098 $396,098
2017 $11,378 $776,664 $388,332 $388,332
2016 $11,190 $761,436 $380,718 $380,718
2015 $11,007 $750,000 $375,000 $375,000
2014 $8,023 $487,774 $257,486 $230,288
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-299313

The MLS

APN: 182-076-19