Seller's Agent in 2020
Ed Koenig
Ed Koenig IRE
(818) 903-8088
28 Total Sales
5010 E 3rd St Los Angeles, CA 90022
0.43
Acre
--
Price per Acre
18,944
Sq Ft Lot
Highlights
- 0.43 Acre Lot
- 3-minute walk to East La Civic Center
- No HOA
- James A. Garfield Senior High School Rated A
- Property is near public transit
About This Lot
As of August 2020Developers and Builders, this is a rare opportunity to develop in Prime East LA, on 3rd Street, directly across the street from the East LA Civic Center. Build By Right, 35 Units Mixed Use / 25 Apartments and 10 Commercial Units or up to 44 Mixed-Use Units Including 34 Affordable Housing (Section 8) units and 10 Commercial units (subject to Regional Planning approval). The Parcel is positioned less than 1,000 feet from the County Courthouse, Building Department, East LA Library, Belvedere Park Lake and is less than 1,000 feet to Metro Gold Line Atlantic Station, Dionicio Morales Transit Plaza, and Kaiser Permanente Hospital. Minutes from Major Freeway access to the 5, 60, 710 and 10 Freeways. Nearby shopping and well-known local eateries. East LA is deep in History and Culture. As one of the Oldest Neighborhoods in Los Angeles, East LA has a lineage of culture that can be found in the community with its unique shops, businesses and landmarks.
Last Buyer's Agent
Dan Bernier
Unknown Office License #01420977
Property Details
Property Type
- Land
Est. Annual Taxes
- $33,831
Lot Details
- 0.43 Acre Lot
- Density is up to 1 Unit/Acre
- Property is zoned LCC3*
Location
- Property is near public transit
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 151
- Tax Tract Number 10665
- Assessor Parcel Number 5248003008
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 4, 2019
Closed on
Jul 13, 2020
Sold by
Karnezis Family Properties Llc
Bought by
Pv Ela Lp
Seller's Agent
Ed Koenig
Ed Koenig IRE
Buyer's Agent
Dan Bernier
Unknown Office
List Price
$2,500,000
Sold Price
$2,500,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,772,000
Outstanding Balance
$3,344,760
Interest Rate
3.1%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 10, 2011
Sold by
Karnezis Anthony T and Karnezis Dimitri T
Bought by
Karnezis Family Properties Llc
Purchase Details
Closed on
Oct 4, 2011
Sold by
Karnezis Theodore A and Karnezis Patricia
Bought by
Karnezis Anthony T and Karnezis Dimitri T
Purchase Details
Closed on
Feb 12, 1996
Sold by
Karnezis Theodore A and Karnezis Patricia
Bought by
Karnezis Theodore A and Karnezis Pat
Purchase Details
Closed on
Sep 21, 1994
Sold by
Kantzavelos George and Kantzavelos Dimitra
Bought by
Karnezis Theodore A and Karnezis Patricia
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pv Ela Lp | $2,500,000 | Commonwealth Land Title Co | |
| Karnezis Family Properties Llc | -- | None Available | |
| Karnezis Anthony T | -- | None Available | |
| Karnezis Theodore A | -- | None Available | |
| Karnezis Theodore A | -- | -- | |
| Karnezis Theodore A | $75,000 | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pv Ela Lp | $3,772,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/10/2020 08/10/20 | Sold | $2,500,000 | 0.0% | -- |
| 01/28/2020 01/28/20 | Pending | -- | -- | -- |
| 11/04/2019 11/04/19 | For Sale | $2,500,000 | -- | -- |
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 | $33,831 | $2,706,078 | $2,679,018 | $27,060 |
| 2024 | $33,831 | $2,653,019 | $2,626,489 | $26,530 |
| 2023 | $33,249 | $2,601,000 | $2,574,990 | $26,010 |
| 2022 | $31,649 | $2,550,000 | $2,524,500 | $25,500 |
| 2021 | $31,334 | $2,500,000 | $2,475,000 | $25,000 |
| 2020 | $5,527 | $271,182 | $155,111 | $116,071 |
| 2019 | $5,386 | $265,866 | $152,070 | $113,796 |
| 2018 | $4,934 | $260,654 | $149,089 | $111,565 |
| 2016 | $4,773 | $250,534 | $143,300 | $107,234 |
| 2015 | $4,719 | $246,772 | $141,148 | $105,624 |
| 2014 | $4,738 | $241,939 | $138,384 | $103,555 |
Source: Public Records
Agents Affiliated with this Home
-
Ed Koenig
-
D
Buyer's Agent in 2020
Dan Bernier
Unknown Office
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR19257609
APN: 5248-003-008
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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