Seller's Agent in 2024
Casey Lins
Kidder Mathews of California, Inc.
(714) 333-6768
5 in this area
49 Total Sales
5120 W Washington Blvd Los Angeles, CA 90016
Mid-City Neighborhood
0.55
Acre
$6,875,688
Price per Acre
23,758
Sq Ft Lot
About This Lot
As of March 2024$530,000 Price Reduction! 100% Vacant! Priced at $164/sf on the land, $358/sf on the building! Renovate the existing ~34 units or build 140+ units! We are pleased to present an Opportunity Zone project consisting of three (3) adjacent parcels, totaling 23,756sf of Commercial land, with existing improvements consisting of ~34 units with 10,885sf of building. Currently 100% vacant, the property had been previously zoned for a board and care home. As a development site, by utilizing 100% affordable housing incentives, there is potential for a 140+ unit multi-family development to be allowed on the property. As a value-add play, an investor may have the ability to convert the existing ~34 units into apartments or continue the use as a board and care facility. As an apartment building, there may be potential to add numerous ADU's in the existing garages or large common kitchen area. With its close proximity to West Adams and Culver City, the property is well positioned for any type of investor to take advantage of continued appreciation for years to come. Buyer shall complete their own due diligence to determine what the current legal use allowed is for the property.
Last Agent to Sell the Property
Kidder Mathews of California, Inc. License #01902650 Listed on: 07/26/2023
Last Buyer's Agent
Kidder Mathews of California, Inc. License #01902650 Listed on: 07/26/2023
Property Details
Property Type
- Land
Est. Annual Taxes
- $12,778
Lot Details
- 0.55 Acre Lot
- Property is zoned LAC2
Property Views
- City Views
Utilities
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 5062-006-026
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 26, 2023
Closed on
Feb 28, 2024
Sold by
Sb Trust
Bought by
Ah 5110 Washington Llc
Seller's Agent
Casey Lins
Kidder Mathews of California, Inc.
Buyer's Agent
Casey Lins
Kidder Mathews of California, Inc.
List Price
$4,425,000
Sold Price
$3,750,000
Premium/Discount to List
-$675,000
-15.25%
Views
70
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,625,000
Outstanding Balance
$2,593,102
Interest Rate
6.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 21, 2023
Sold by
Babaeean Saeed
Bought by
Sb Trust and Babaeean
Purchase Details
Closed on
Nov 8, 2016
Sold by
Hartouni Harma
Bought by
5110 Washington Llc
Purchase Details
Closed on
Jul 7, 2016
Sold by
Ayaz Asad
Bought by
Hartouni Harma
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.66%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 14, 2016
Sold by
Davis John E
Bought by
Hartouni Harma
Purchase Details
Closed on
Sep 19, 2014
Sold by
Nova Group Homes Inc
Bought by
Davis John E
Purchase Details
Closed on
Jan 21, 2014
Sold by
Thomas Eugene
Bought by
Thomas Eugene and Nova Group Home Inc
Purchase Details
Closed on
Jan 4, 2014
Sold by
Daiges Myrine C
Bought by
Thomas Eugene
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,750,000 | Fidelity National Title | |
| Gift Deed | -- | Fidelity National Title | |
| Quit Claim Deed | -- | Accommodation | |
| Interfamily Deed Transfer | -- | Fidelity Sherman Oaks | |
| Grant Deed | $1,100,000 | Fidelity Sherman Oaks | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,625,000 | New Conventional | |
| Previous Owner | $850,000 | Unknown | |
| Previous Owner | $0 | Undefined Multiple Amounts | |
| Previous Owner | $550,000 | Commercial | |
| Previous Owner | $314,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/01/2024 03/01/24 | Sold | $3,750,000 | -3.7% | -- |
| 12/19/2023 12/19/23 | Pending | -- | -- | -- |
| 11/06/2023 11/06/23 | Price Changed | $3,895,000 | -12.0% | -- |
| 07/26/2023 07/26/23 | For Sale | $4,425,000 | -- | -- |
Source: The MLS
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 |
|---|---|---|---|---|
| 2024 | $12,778 | $1,000,000 | $1,000,000 | -- |
| 2023 | $16,305 | $1,294,001 | $1,294,001 | $0 |
| 2022 | $15,567 | $1,268,629 | $1,268,629 | $0 |
| 2021 | $15,364 | $1,243,754 | $1,243,754 | $0 |
| 2019 | $14,915 | $1,206,864 | $1,206,864 | $0 |
| 2018 | $14,729 | $1,183,200 | $1,183,200 | $0 |
| 2016 | $8,847 | $710,767 | $583,795 | $126,972 |
| 2015 | $8,720 | $700,091 | $575,026 | $125,065 |
| 2014 | $5,779 | $441,379 | $441,246 | $133 |
Source: Public Records
Agents Affiliated with this Home
-
Casey Lins
Map
Source: The MLS
MLS Number: 23-294549
APN: 5062-006-026
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Nearby Homes
- 1861 S Redondo Blvd
- 1858 S Orange Dr
- 5047 W 21st St
- 5144 W 21st St
- 1890 S Cochran Ave Unit 10
- 1890 S Cochran Ave Unit 19
- 5154 W Redondo Ct
- 5076 Pickford St
- 5044 Pickford St
- 1801 S Orange Dr
- 2115 S Mansfield Ave
- 5227 W 20th St
- 1867 S Cochran Ave
- 2116 S Cloverdale Ave
- 2145 S Orange Dr
- 5226 W 20th St
- 4935 W 20th St
- 2207 Alsace Ave
- 2133 Cloverdale Ave
- 4925 W 20th St