Seller's Agent in 2016
David Melaugh
Compass
(310) 422-1561
11 Total Sales
Estimated Value: $2,004,000 - $2,799,000
APN: 5067-009-052 & 053 included in the sale. 4816 Saturn is also listed at $625,000 and our list price is $1,250,000. Double lot that includes 14,000 SF of land. Remodel the existing unit into a 4-plex or building an entirely new project! The subject property consists of two neighboring single family homes which are located within the Mid City submarket of Los Angeles. The existing homes are older construction with month to month tenants and ownership is selling both properties “AS-IS”. The Mid City sub-market can be defined as North of the 10 FWY, East of Beverlywood or Pico/Robertson, South of Miracle Mile/Koreatown, and West of Pico/Union neighborhoods. The conceptual development scenario depicts 8 townhome style units which are 3 stories in height, have a direct attached garage, rooftop deck and a private driveway down the middle of the community. This development concept can potentially be subdivided [under the small lot ordinance or as condos] or kept as a multifamily rental property. Each parcel share the same zoning of RD1.5-1-0 (1 unit per 1,500 SF land with a 45’ height limit) and have a medium residential II general plan.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| G Saturn Llc | $1,750,000 | Provident Title Company | |
| Aldo Services Inc | $575,000 | Provident Title Company |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/21/2016 06/21/16 | Sold | $565,000 | -9.6% | $805 / Sq Ft |
| 05/18/2016 05/18/16 | Pending | -- | -- | -- |
| 05/16/2016 05/16/16 | For Sale | $625,000 | -- | $890 / Sq Ft |
| 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 | $24,937 | $2,031,019 | $1,392,699 | $638,320 |
| 2024 | $24,937 | $1,991,196 | $1,365,392 | $625,804 |
| 2023 | $24,467 | $1,952,154 | $1,338,620 | $613,534 |
| 2022 | $23,354 | $1,913,877 | $1,312,373 | $601,504 |
| 2021 | $23,055 | $1,876,351 | $1,286,641 | $589,710 |
| 2019 | $22,379 | $1,820,700 | $1,248,480 | $572,220 |
| 2018 | $21,889 | $1,785,000 | $1,224,000 | $561,000 |
| 2016 | $1,830 | $113,009 | $80,438 | $32,571 |
| 2015 | $732 | $27,894 | $23,435 | $4,459 |
| 2014 | $745 | $27,348 | $22,976 | $4,372 |
Seller's Agent in 2016
David Melaugh
Compass
(310) 422-1561
11 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR16104069
APN: 5067-009-053