NOT LISTED FOR SALE

5300 Crenshaw Blvd Windsor Hills, CA 90043

Hyde Park Neighborhood

Estimated Value: $5,579,909

0.44 Acre
$12,789,157 Price per Acre
19,005 Sq Ft Lot

Last Sold September 23, 2022

Last sale price $5,250,000

Est. 6% increase in value since last sale

Current estimated payment $33,469/month

72 Days on Market

Highlights

  • 0.44 Acre Lot
  • No HOA
  • Rectangular Lot
  • Property is near public transit

About This Lot

As of September 2022

“5300 Crenshaw” is a 5-story, 82-unit apartment plus retail development site located in the booming Crenshaw/Leimert Park/Hyde Park area of Los Angeles. The offering is a large, 19,007 square foot corner lot which has phenomenal street exposure along Crenshaw Boulevard. The new light rail Metro K Line (not yet open) runs directly in front of the property, allowing a developer to maximize square feet allowed on the site in addition to being a huge transportation amenity to future tenants. This development is also located squarely within an “Opportunity Zone”, offering exceptional tax advantages to a developer looking to hold the property for 10+ years.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 12/20/2021

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 12/20/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $36,792

Lot Details

  • 0.44 Acre Lot
  • Rectangular Lot
  • Flag Lot
  • Land Lease
  • Property is zoned LAC2

Home Design

  • Planned Development

Location

  • Property is near public transit

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 314
  • Tax Tract Number 668
  • Assessor Parcel Number 5006007007
  • $1,242 per year additional tax assessments

Property Details

Property Type

Land

Est. Annual Taxes

$36,792

Lot Details

0

Listing Details

  • View: No
  • Zoning: LAC2
  • Property Type: Land
  • Parcel Number: 5006007007
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 276.21

Utilities

  • Water Source: Other

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: Flag Lot, Rectangular Lot, Near Public Transit
  • Lot Size Sq Ft: 19007.00
  • Lot Size Acres: 0.4363

Multi Family

  • Lot Size Area: 19007.0000 Square Feet

Tax Info

  • Tax Census Tract: 2346.00
  • Tax Lot: 314
  • Tax Tract Number: 668
  • TaxOtherAnnualAssessmentAmount: 1242.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2022
Sold by
5300 Crenshaw Ventures Llc
Bought by
Mj Property Holdings Llc
Current Estimated Value
$5,579,909

Purchase Details

Closed on
Aug 4, 2021
Sold by
Neff/Olson Ltd
Bought by
5300 Crenshaw Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,312,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2000
Sold by
Spindevco Llc
Bought by
Neff/Olson Ltd

Purchase Details

Closed on
Dec 15, 1997
Sold by
Spincycle Inc
Bought by
Spindevco Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,852,002
Interest Rate
7.16%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 9, 1997
Sold by
Bridgestone/Firestone Inc
Bought by
Spin Cycle Inc

Purchase Details

Closed on
Sep 27, 1996
Sold by
Rod Davis Firestone Inc
Bought by
Bridgestone/Firestone Inc
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
Mj Property Holdings Llc -- Provident Title
La Salle 2640 Ventures Llc -- Provident Title
5300 Crenshaw Ventures Llc $1,750,000 First American Title Company O
Neff/Olson Ltd $750,000 First American Title Co
Spindevco Llc $688,500 First American Title Co
Spin Cycle Inc -- --
Bridgestone/Firestone Inc -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 5300 Crenshaw Ventures Llc $1,312,500
Previous Owner 5300 Crenshaw Ventures Llc $1,312,500
Previous Owner Spindevco Llc $4,852,002
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2022 09/23/22 Sold $5,250,000 -4.5% --
03/02/2022 03/02/22 Pending -- -- --
12/20/2021 12/20/21 For Sale $5,500,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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
2023 $36,792 $2,907,000 $2,907,000 $0
2022 $35,536 $2,850,000 $2,850,000 $0
2021 $13,761 $1,064,937 $674,463 $390,474
2020 $13,892 $1,054,019 $667,548 $386,471
2019 $13,377 $1,033,353 $654,459 $378,894
2018 $13,019 $1,013,092 $641,627 $371,465
2016 $12,455 $973,755 $616,713 $357,042
2015 $12,283 $959,129 $607,450 $351,679
2014 $12,341 $940,342 $595,551 $344,791
Source: Public Records

Agents Affiliated with this Home

  • Doug Rodermund

    Seller's Agent in 2022

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    1 in this area

    22 Total Sales

    Doug Rodermund
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21266924

California Regional Multiple Listing Service (CRMLS)

APN: 5006-007-007

California Los Angeles County View Park-Windsor Hills 90043 Hyde Park

5300 Crenshaw Blvd, View Park-Windsor Hills, CA

This home is located at 5300 Crenshaw Blvd, Windsor Hills, CA 90043 since 20 December 2021 and is currently priced at $5,579,909. 5300 Crenshaw Blvd is a home located in Los Angeles County with nearby schools including Angeles Mesa Elementary School, Audubon Middle School, and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet.

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.

California Regional Multiple Listing Service (CRMLS) 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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