NOT LISTED FOR SALE

4521 Melbourne Ave Los Angeles, CA 90027

Los Feliz Neighborhood

Estimated Value: $897,000 - $1,317,000

0.15 Acre
$7,164,007 Price per Acre
6,750 Sq Ft Lot

Last Sold August 02, 2018

Last sale price $760,000 $368 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,693/month

41 Days on Market

About This Lot

As of August 2018

Nestled in the Heart of Los Feliz Village is a Prime piece of land ready for an investor, developer, or even an owner-user to build a dream property. Zoned as LAR2, the subject property boasts an impressive 6,749 Flat Square Foot Lot. The lot's location is near many amenities including public transportation, grocery and convenient stores, entertainment and theaters including the historic Greek Theatre, L.A. Zoo, Autry Museum and the Griffith Observatory, and many acclaimed bars and restaurants. This is a great opportunity to build a home or units in a highly desirable area at the specifications that You desire. Don't pass on this opportunity!! Buyer to cooperate with Seller's 1031 Exchange at no cost to Buyer.

Last Agent to Sell the Property

George Tavitian

Re/Max Tri-City License #00979751 Listed on: 05/23/2018

Co-Listed By

Levon Matti

License #01828986

Last Buyer's Agent

Vartan Vasghanian

License #01210249

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,057

Lot Details

  • 6,750 Sq Ft Lot
  • Property is zoned LAR2

Listing and Financial Details

  • Assessor Parcel Number 5590-019-016

Property Details

Property Type

Land

Est. Annual Taxes

$10,057

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Advertising Remarks: Nestled in the Heart of Los Feliz Village is a Prime piece of land ready for an investor, developer, or even an owner-user to build a dream property. Zoned as LAR2, the subject property boasts an impressive 6,749 Flat Square Foot Lot. The lot's location is near many amenities including public transportation, grocery and convenient stores, entertainment and theaters including the historic Greek Theatre, L.A. Zoo, Autry Museum and the Griffith Observatory, and many acclaimed bars and restaurants. This is a great opportunity to build a home or units in a highly desirable area at the specifications that You desire. Don't pass on this opportunity!!
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Assessor Parcel Number: 5590-019-016
  • Geocode Override: No
  • Lot Size Area: 6750

Rental Info

  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2018
Closed on
Jul 5, 2018
Sold by
Lay Larry Huy
Bought by
My Concord Llc
Seller's Agent
George Tavitian
Re/Max Tri-City
Buyer's Agent
Vartan Vasghanian
List Price
$829,000
Sold Price
$760,000
Premium/Discount to List
-$69,000
-8.32%
Current Estimated Value
$1,074,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,601
Avg. Annual Appreciation
6.75%

Purchase Details

Closed on
Apr 25, 2018
Sold by
Lay Larry Huy
Bought by
Luy Larry Huy

Purchase Details

Closed on
Dec 2, 2015
Sold by
Lay Lynn
Bought by
Lay Lynn and Lay Family Trust 2003

Purchase Details

Listed on
Feb 12, 2015
Closed on
Mar 27, 2015
Sold by
Kim Byung S
Bought by
Lay Tom and Lay Lynn
Seller's Agent
Billy S Roe
Dream Realty La Crescenta
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$399,000
Sold Price
$420,000
Premium/Discount to List
$21,000
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.71%

Purchase Details

Closed on
May 14, 2010
Sold by
Kim Byung S
Bought by
Kim Byung S and Kim Sung Ja

Purchase Details

Closed on
Apr 12, 2008
Sold by
Kim Byung S and Kim Sung Ja
Bought by
Kim Byung S

Purchase Details

Closed on
Jul 26, 2006
Sold by
Kim Byung Sun
Bought by
Kim Byung Sun

Purchase Details

Closed on
Nov 2, 2005
Sold by
Kim Sung Ja
Bought by
Kim Byung Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,350
Interest Rate
5.93%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 9, 2005
Sold by
Cagliari Robert G and Cagliari Adriana
Bought by
Kim Byung Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,350
Interest Rate
5.93%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
My Concord Llc $760,000 Fidelity National Title Comp
Luy Larry Huy -- None Available
Lay Lynn -- None Available
Lay Tom $420,000 None Available
Kim Byung S -- None Available
Kim Byung S -- None Available
Kim Byung S -- None Available
Kim Byung Sun -- None Available
Kim Byung Sun -- Orange Coast Title
Kim Byung Sun -- Orange Coast Title
Kim Byung Sun $869,000 --
Kim Byung Sun $869,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kim Byung Sun $130,350
Previous Owner Kim Byung Sun $651,750
Previous Owner Cagliari Robert G $200,000
Previous Owner Cagliari Robert G $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2018 08/02/18 Sold $760,000 -8.3% $368 / Sq Ft
05/23/2018 05/23/18 For Sale $829,000 +97.4% $401 / Sq Ft
04/17/2015 04/17/15 Sold $420,000 +5.3% $203 / Sq Ft
03/30/2015 03/30/15 Pending -- -- --
02/12/2015 02/12/15 For Sale $399,000 -- $193 / 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 $10,057 $847,792 $847,792 --
2024 $10,057 $831,169 $831,169 --
2023 $9,859 $814,872 $814,872 $0
2022 $9,393 $798,895 $798,895 $0
2021 $9,286 $783,231 $783,231 $0
2020 $9,383 $775,200 $775,200 $0
2019 $9,004 $760,000 $760,000 $0
2018 $5,328 $443,631 $443,631 $0
2016 $5,100 $426,405 $426,405 $0
2015 $8,868 $742,500 $742,500 $0
2014 $8,792 $719,800 $719,800 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    George Tavitian

    RE/MAX

    Section Image

  • L

    Seller Co-Listing Agent in 2018

    Levon Matti

  • V

    Buyer's Agent in 2018

    Vartan Vasghanian

  • B

    Seller's Agent in 2015

    Billy S Roe

    Dream Realty La Crescenta

  • S

    Buyer's Agent in 2015

    Subscriber Non

    Non-Participant Office

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Map

Source: The MLS

MLS Number: 18-347298

The MLS

APN: 5590-019-016

California Los Angeles County Los Angeles 90027 Los Feliz

4521 Melbourne Ave, Los Angeles, CA

This home is located at 4521 Melbourne Ave, Los Angeles, CA 90027 since 23 May 2018 and is currently estimated at $1,074,601, approximately $520 per square foot. 4521 Melbourne Ave is a home located in Los Angeles County with nearby schools including Franklin Avenue Elementary, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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