NOT LISTED FOR SALE

Estimated Value: $1,012,000

0.47 Acre
$2,171,674 Price per Acre
20,299 Sq Ft Lot

Last Sold June 10, 2024

Last sale price $1,690,000 $1,849 Per Sq Ft

Est. 40% decrease in value since last sale

Current estimated payment $6,335/month

39 Days on Market

About This Lot

As of June 2024

Exciting development opportunity awaits in Highland Park with three separate lots offered together, totaling an impressive 20,303 square feet of land! The front lot features an existing single-family home, while two additional lots sit behind it. Each lot boasts ample square footage and a gentle up-slope grade. What sets this offering apart is its readiness for immediate development, equipped with complete LADBS approved plans, engineering plans, and building permits for the front lot. The additional two lots have been approved for construction of two 2 story Single family homes with garages. Say goodbye to the downtime typically associated with planning, engineering, and permit processes this property is primed for construction without delay. The plans encompass a remodel of the existing front house with an ADU on the street frontage lot. Design your own homes on the additional two lots. Whether you opt to proceed with the existing plans or craft your own vision, the choice is yours. Plus, an independent street is already approved for connection, providing convenient access to the rear properties from the front street. Skip the lengthy development process and break ground immediately, all while enjoying the proximity to Occidental College and the vibrant shops of York Blvd. Live near what you LOVE! Some of the favorite places to eat are Kumquat Coffee, Joy Restaurant, Skaf's ON York. This represents an exceptional opportunity for discerning investors to capitalize on.

Last Agent to Sell the Property

Andrea Marcum-Valentine

eXp Realty of Greater Los Angeles License #01737314 Listed on: 03/17/2024

eXp Realty of Greater Los Angeles

Last Buyer's Agent

Bob Liu

Champions Real Estate License #01964625

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,783

Lot Details

  • 0.47 Acre Lot
  • Property is zoned LAR1

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5476-011-038

Property Details

Property Type

Land

Est. Annual Taxes

$5,783

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Advertising Remarks: Amazing development opportunity in Highland Park. Three separate lots are being sold together for a total of 20,303 square feet of land! Existing single-family home on front lot with two additional lots behind. Each lot has sizeable square footage and mild up slope grade. Ready to build immediately without the down time of planning, engineering, and permit process. Plans include remodel of existing front house with ADU on street frontage lot. Use the existing plans or design/build your own development. Independent street also approved to connect and access rear properties from front street. Perfect developer opportunity!
  • Lot Acreage: 0.4660
  • Survey: Survey Done
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5476-011-038
  • Lot Description: 2-4 Lots
  • Lot Size Area: 20303
  • Potential Usage: Approved plans for house remodel w/additional ADU, Lot #2 APN 5476-011-039&Lot #3 APN 5476-011- 040 have plans for a house and ADU.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 25, 2014
Sold by
Yanes Eduardo R and Yanes Lrasema
Bought by
Yanes Family Trust
Current Estimated Value
$1,012,000

Purchase Details

Closed on
Mar 26, 2004
Sold by
Alarcon Ruben and Alarcon Anne M
Bought by
Yanes Eduardo R and Yanes Irasema

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,800
Outstanding Balance
$115,905
Interest Rate
3.57%
Mortgage Type
Negative Amortization
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
Yanes Family Trust -- None Available
Yanes Eduardo R $361,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yanes Eduardo R $288,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/10/2024 06/10/24 Sold $1,690,000 0.0% $1,849 / Sq Ft
06/10/2024 06/10/24 Sold $1,690,000 -5.8% $1,849 / Sq Ft View Prior Sale
04/25/2024 04/25/24 Pending -- -- --
04/25/2024 04/25/24 Pending -- -- --
03/17/2024 03/17/24 For Sale $1,795,000 0.0% $1,964 / Sq Ft
03/17/2024 03/17/24 For Sale $1,795,000 -- $1,964 / 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
2021 $5,783 $474,166 $379,337 $94,829
2019 $5,611 $460,104 $368,087 $92,017
2018 $5,557 $451,083 $360,870 $90,213
2016 $5,312 $433,569 $346,858 $86,711
2015 $5,235 $427,057 $341,648 $85,409
2014 $5,259 $418,692 $334,956 $83,736
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-370081

The MLS

APN: 5476-011-036