NOT LISTED FOR SALE
0.44 Acre
-- Price per Acre
19,007 Sq Ft Lot

Sale Details

Date Sold: September 23, 2022

Last sale price $5,250,000

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

Lot Details

  • 19,007 Sq Ft 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

Lot Details

0.44 Acres

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 --
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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21266924

California Regional Multiple Listing Service (CRMLS)
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