Seller's Agent in 2024
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
(310) 251-2083
2 in this area
45 Total Sales
Estimated Value: $1,997,888
0.82
Acre
$2,435,261
Price per Acre
35,737
Sq Ft Lot
Highlights
- 0.82 Acre Lot
- No HOA
- Rectangular Lot
About This Lot
As of December 2024DRAMATIC $500K PRICE REDUCTION!! This is a Street to Street lot from Florence Ave. To Walnut St. Consisting of 35,728 sq.ft.. 105 feet of street frontage on Florence The Northern half of the property is Zoned C-3R and the Southern 1/2 is zoned R3. The City Planing Department indicated that 24 Apartment units can be built on the site. Buyer to verify. This property has the same size lot and same zoning as the property located at 4324 Florence Blvd. . 4324 Florence blvd. is a 72 unit 46,399 sq. ft. property which is being run as a Senior Apartment Complex 4272 Florence Blvd. currently has just over 12,000 sq.ft of mixed use building built around 1920. There is a single story 8,675 sq. Ft (which also has an additional 3,100 sq. Of mezzanine storage space). The 8,675 sq. Ft building fronts Florence Ave and features 5 retail storefront units and 2 units that are rented as residential rental units. Then there is a 4 bedroom + 2 bath 2,100 sq.ft. house on Walnut St. Finally, a stand alone 2 story house of about 1,260 sq. Ft. Currently, total rent is a very low $9,410/mo The LA County property tax assessor recently appraised the property at $3.1M for property tax purposes.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-233-2800 License #01069014 Listed on: 10/15/2024
Property Details
Property Type
- Land
Est. Annual Taxes
- $35,679
Lot Details
- 0.82 Acre Lot
- Rectangular Lot
- Level Lot
- Property is zoned BLC3R-R3*
Utilities
- Natural Gas Connected
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 22 / Y
- Tax Tract Number 349
- Assessor Parcel Number 6225004400
- $4,561 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 9, 2023
Sold by
Thermal Soaring Llc
Bought by
Mariposa Orange Llc
Current Estimated Value
Purchase Details
Closed on
Oct 20, 2023
Sold by
Donald C Gallagher Living Trust
Bought by
Thermal Soaring Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mariposa Orange Llc | -- | None Listed On Document | |
| Thermal Soaring Llc | -- | None Listed On Document |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/30/2024 12/30/24 | Sold | $1,950,000 | +2.6% | -- | |
| 12/30/2024 12/30/24 | Sold | $1,900,000 | -4.8% | $157 / Sq Ft | View Prior Sale |
| 12/04/2024 12/04/24 | Pending | -- | -- | -- | |
| 12/04/2024 12/04/24 | Pending | -- | -- | -- | |
| 10/29/2024 10/29/24 | Price Changed | $1,995,000 | 0.0% | $165 / Sq Ft | |
| 10/29/2024 10/29/24 | Price Changed | $1,995,000 | -20.0% | -- | |
| 10/15/2024 10/15/24 | For Sale | $2,495,000 | 0.0% | -- | |
| 10/15/2024 10/15/24 | For Sale | $2,495,000 | -- | $207 / 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 |
|---|---|---|---|---|
| 2025 | $50,280 | $1,900,000 | $1,800,000 | $100,000 |
| 2024 | $50,280 | $3,121,200 | $2,080,800 | $1,040,400 |
| 2023 | $12,612 | $546,414 | $152,374 | $394,040 |
| 2022 | $12,222 | $535,701 | $149,387 | $386,314 |
| 2021 | $12,025 | $525,198 | $146,458 | $378,740 |
| 2019 | $11,713 | $509,622 | $142,115 | $367,507 |
| 2018 | $11,129 | $499,630 | $139,329 | $360,301 |
| 2016 | $10,754 | $480,231 | $133,920 | $346,311 |
| 2015 | $10,594 | $473,019 | $131,909 | $341,110 |
| 2014 | $10,571 | $463,755 | $129,326 | $334,429 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Millea
-
James Escamilla
Buyer's Agent in 2024
James Escamilla
CENTURY 21 MASTERS
(323) 707-5043
2 in this area
89 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24213777
APN: 6225-004-400
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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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