NOT LISTED FOR SALE

5728 Waring Ave Los Angeles, CA 90038

Hollywood Neighborhood

Estimated Value: $1,551,721 - $1,762,000

0.15 Acre
$11,126,457 Price per Acre
6,503 Sq Ft Lot

Last Sold April 27, 2022

Last sale price $1,575,000 $1,128 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $10,716/month

49 Days on Market

About This Lot

As of April 2022

PRICE REDUCED! We are pleased to present for a sale a prime LAR3 development opportunity in Hollywood! Located just steps away Paramount Studios, this FLAT 6,503 sqft lot offers a developer the opportunity to build 8 units by right or up to 15 units using TOC Incentives. Lot dimensions are 50 sqft by 130 sqft, zoned R3-1XL, TOC Tier 2, and comes with an alley! Subject property is currently a single family residence that will be delivered VACANT, meaning no dealing with rent stabilization (RSO), tenant relocation, or new onerous SB 8 regulations! (currently owner occupied) The site is located within an Opportunity Zone, which may provide additional tax incentives (buyer to verify). Do not miss this opportunity to purchase a RARE development site near all the shopping, restaurants (3 blocks from Melrose Ave!), transportation, and amenities that Hollywood has to offer its tenants!! Excellent location close to Paramount Studios, West Hollywood, Larchmont Village & Hancock Park. Lots of new development in this pocket! Buyer to verify all zoning regulations with LADBS. Home to be sold As-Is. Do not disturb current occupants. Contact listing agent for more details!

Last Agent to Sell the Property

Daniel Shamooelian

Keller Williams Beverly Hills License #01984269 Listed on: 11/29/2021

Keller Williams Beverly Hills

Last Buyer's Agent

Outside Agent

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $19,980

Lot Details

  • 6,503 Sq Ft Lot
  • Lot Dimensions are 50x130
  • Property is zoned LAR3

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5534-033-007

Property Details

Property Type

Land

Est. Annual Taxes

$19,980

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.1493
  • Lot Dimensions: 50x130
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5534-033-007
  • Lot Size Area: 6503

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2022
Sold by
Livin Espiritu Abalos Ambeguia Revocable
Bought by
5728 Waring Partners Lp
Current Estimated Value
$1,661,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2005
Sold by
Ambeguia Espiritu A
Bought by
Ambeguia Espiritu Abalos and Espiritu Abalos Ambeguia Revocable Livin
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
5728 Waring Partners Lp $1,593,181 New Title Company Name
Ambeguia Espiritu Abalos -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 5728 Waring Partners Lp $2,200,000
Previous Owner 5728 Waring Partners Lp $1,260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2022 04/27/22 Sold $1,575,000 -4.5% $1,128 / Sq Ft
01/17/2022 01/17/22 Pending -- -- --
01/05/2022 01/05/22 Price Changed $1,650,000 -2.9% $1,182 / Sq Ft
11/29/2021 11/29/21 For Sale $1,700,000 -- $1,218 / Sq Ft
Source: The MLS

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
2025 $19,980 $1,671,402 $1,337,122 $334,280
2024 $19,980 $1,638,630 $1,310,904 $327,726
2023 $19,594 $1,606,500 $1,285,200 $321,300
2022 $1,061 $70,170 $52,876 $17,294
2021 $1,038 $68,795 $51,840 $16,955
2020 $1,042 $68,091 $51,309 $16,782
2019 $1,011 $66,756 $50,303 $16,453
2018 $919 $65,448 $49,317 $16,131
2016 $865 $62,907 $47,402 $15,505
2015 $854 $61,963 $46,690 $15,273
2014 $867 $60,750 $45,776 $14,974
Source: Public Records

Agents Affiliated with this Home

  • Daniel Shamooelian

    Seller's Agent in 2022

    Daniel Shamooelian

    Keller Williams Beverly Hills

    (310) 651-1800

    9 in this area

    43 Total Sales

    Daniel Shamooelian
    Section Image

  • O

    Buyer's Agent in 2022

    Outside Agent

See All Agents

Map

Source: The MLS

MLS Number: 21-108051

The MLS

APN: 5534-033-007

California Los Angeles County Los Angeles 90038 Hollywood

5728 Waring Ave, Los Angeles, CA

This home is located at 5728 Waring Ave, Los Angeles, CA 90038 since 29 November 2021 and is currently estimated at $1,661,180, approximately $1,189 per square foot. 5728 Waring Ave is a home located in Los Angeles County with nearby schools including Vine Street Elementary School, Hubert Howe Bancroft Middle School, and Fairfax High School.

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.

The MLS © 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.

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