5150 S Western Ave Los Angeles, CA 90062
Vermont Square NeighborhoodEstimated payment $6,096/month
Total Views
9,851
0.15
Acre
$6,363,027
Price per Acre
6,502
Sq Ft Lot
About This Lot
Prime Development Opportunity – Vacant Land with RTI Plans! Presenting an outstanding opportunity for developers and investors: vacant land with Ready-to-Issue (RTI) plans to construct 4 luxurious three-story units in the form of two duplexes. Each unit is thoughtfully designed with: 5 bedrooms and 5 bathrooms per unit a total building area of 8,412 sqft across all units. Modern layouts offering functionality and style. No RSO and Not subject to SB8 regulations, Streamlined project ready to go! Located in a desirable area, this property is perfect for those seeking to maximize their return on investment with a turnkey development opportunity. Buyer to perform their own investigations and due diligence regarding all aspects of the property, plans, and development. This is a rare chance to build an impressive project—don't miss out!
Last Listed By
OPTION ONE REALTY & INVESTMENT Brokerage Phone: 626-825-7325 License #01415230 Listed on: 12/02/2024
Property Details
Property Type
- Land
Est. Annual Taxes
- $9,337
Lot Details
- 6,502 Sq Ft Lot
- Density is up to 1 Unit/Acre
- Property is zoned LAC2
Location
- Urban Location
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 30
- Tax Tract Number 1571
- Assessor Parcel Number 5003005015
- $343 per year additional tax assessments
Map
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Home Values in the Area
Average Home Value in this Area
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 | $9,337 | $750,000 | $750,000 | -- |
| 2023 | $7,908 | $630,706 | $630,706 | $0 |
| 2022 | $9,713 | $803,841 | $803,841 | $0 |
| 2021 | $9,602 | $788,080 | $788,080 | $0 |
| 2019 | $4,000 | $311,685 | $311,685 | $0 |
| 2018 | $3,993 | $305,574 | $305,574 | $0 |
| 2016 | $3,839 | $293,709 | $293,709 | $0 |
| 2015 | $4,921 | $289,298 | $289,298 | $0 |
| 2014 | $3,799 | $283,632 | $283,632 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/12/2025 02/12/25 | Price Changed | $950,000 | -4.9% | -- |
| 02/11/2025 02/11/25 | Price Changed | $999,000 | -7.1% | -- |
| 01/27/2025 01/27/25 | Price Changed | $1,075,000 | -8.5% | -- |
| 01/07/2025 01/07/25 | Price Changed | $1,175,000 | -4.1% | -- |
| 12/02/2024 12/02/24 | For Sale | $1,225,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $750,000 | Stewart Title Company | |
| Warranty Deed | $320,000 | Pacific Coast Title | |
| Grant Deed | $270,000 | Landamerica Title Company | |
| Grant Deed | -- | Fswt | |
| Grant Deed | $270,000 | Fswt | |
| Grant Deed | -- | Fswt | |
| Grant Deed | $280,000 | Equity Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $280,000 | None Available | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $275,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $200,000 | Unknown | |
| Previous Owner | $50,000 | Purchase Money Mortgage | |
| Previous Owner | $51,000 | Seller Take Back |
Source: Public Records
Similar Properties in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24240264
APN: 5003-005-015
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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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