NOT LISTED FOR SALE

Estimated Value: $1,457,000 - $1,779,000

0.23 Acre
$6,878,171 Price per Acre
9,901 Sq Ft Lot

Last Sold February 22, 2024

Last sale price $1,460,000 $287 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,917/month

25 Days on Market

About This Lot

As of February 2024

We are pleased to present this rare opportunity to purchase an ready to issue, permit-ready 16-unit 100% market-rate development site in a hip East Hollywood location. The proposed property benefits from an excellent mix of eight 3-bedroom units, four 2-bedroom units, and four 1-bedroom units with a generous FAR of 33,635 square feet. There are 27 anticipated parking spaces for this proposed four-story project. Only one other RTI site has sold in this submarket since January, 2022, and only one of a handful of 100% market-rate RTI projects to come "for sale" in Los Angeles in the past year. Great location adjacent to trendy Silverlake, Hollywood, and Rampart Village with easy access to the 101 Freeway and Western Avenue and two blocks north of the Vermont/Beverly Metro Station. Surrounded by shopping and dining including Sqirl, Jollibee, Melody and Taqueria El Charrito. Renderings are for marketing purposes only and do not reflect the exact final finished product.

Last Agent to Sell the Property

Oron Maher

Maher Commercial Realty License #01299093 Listed on: 11/09/2023

Maher Commercial Realty

Co-Listed By

Jeremy Shore

Maher Commercial Realty License #02020539

Last Buyer's Agent

Geo Kim

GAIA License #01855390

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,948

Lot Details

  • 9,901 Sq Ft Lot
  • Value in Land
  • Tear Down
  • Property is zoned R4-1

Listing and Financial Details

  • Assessor Parcel Number 5520-017-018

Property Details

Property Type

Land

Est. Annual Taxes

$16,948

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.2274
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Assessor Parcel Number: 5520-017-018
  • Lot Description: Tear Down On Lot, Value In Land
  • Lot Size Area: 9901

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2023
Closed on
Feb 13, 2024
Sold by
Agam Matan
Bought by
Terra Capital Development Group Llc
Seller's Agent
Oron Maher
Maher Commercial Realty
Buyer's Agent
Geo Kim
GAIA
List Price
$1,495,000
Sold Price
$1,460,000
Premium/Discount to List
-$35,000
-2.34%
Views
42
Current Estimated Value
$1,564,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,096
Avg. Annual Appreciation
4.97%
Original Mortgage
$1,095,000
Outstanding Balance
$1,077,944
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$494,553

Purchase Details

Closed on
Sep 28, 2019
Sold by
Agam Matan
Bought by
Agam Shraga and Agam Shulamit

Purchase Details

Closed on
Oct 16, 2013
Sold by
Hatharasinghe Harry R V and Hatharasinghe Sharmilla S Y
Bought by
Agam Matan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,000
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 1999
Sold by
Hatharasinghe Harry R and Hatharasinghe Sharmilla S
Bought by
Hatharasinghe Harry R V and Hatharasinghe Sharmilla S Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.92%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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
Terra Capital Development Group Llc $1,460,000 Fidelity National Title
Agam Matan -- Fidelity National Title
Agam Shraga -- None Available
Agam Matan $1,120,000 None Available
Hatharasinghe Harry R V -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Terra Capital Development Group Llc $1,095,000
Previous Owner Agam Matan $850,000
Previous Owner Agam Matan $1,000,000
Previous Owner Agam Matan $801,000
Previous Owner Hatharasinghe Harry R V $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $1,460,000 -2.3% $287 / Sq Ft
11/09/2023 11/09/23 For Sale $1,495,000 -- $294 / 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 $16,948 $1,489,200 $1,224,000 $265,200
2024 $16,948 $1,346,037 $877,329 $468,708
2023 $16,631 $1,319,645 $860,127 $459,518
2022 $19,849 $1,634,477 $1,133,623 $500,854
2021 $15,664 $1,268,403 $826,728 $441,675
2019 $15,205 $1,230,783 $802,207 $428,576
2018 $15,004 $1,206,651 $786,478 $420,173
2016 $14,319 $1,159,797 $755,939 $403,858
2015 $14,113 $1,142,377 $744,585 $397,792
2014 $15,299 $1,120,000 $730,000 $390,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-330457

The MLS

APN: 5520-017-018