NOT LISTED FOR SALE
0.06 Acre
-- Price per Acre
2,960 Sq Ft Lot

Last Sold June 29, 2018

Last sale price $2,525,000

1 Day on Market

About This Lot

As of June 2018

Great development opportunity in the highly desirable Echo Park neighborhood. This listing is comprised of eight lots totaling 25,000 sf with frontage along Alvarado St. Its close proximity to the 101 Freeway offers convenient access to Downtown Los Angeles, Hollywood and the San Fernando Valley.

Last Agent to Sell the Property

Enrique Viramontes

Remax Commercial and Investment Realty License #01372010 Listed on: 02/14/2018

Remax Commercial and Investment Realty

Last Buyer's Agent

Enrique Viramontes

Remax Commercial and Investment Realty License #01372010 Listed on: 02/14/2018

Remax Commercial and Investment Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,848

Lot Details

  • 2,960 Sq Ft Lot
  • Property is zoned LARD2

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 5404-011-033

Property Details

Property Type

Land

Est. Annual Taxes

$9,848

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Yes

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Assessor Parcel Number: 5404-011-033
  • Geocode Override: No
  • Lot Size Area: 2960

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2019
Sold by
Hsiang Benjamin and Kirby Apartments Llc
Bought by
The Echo 600 Llc

Purchase Details

Listed on
Feb 14, 2018
Closed on
Jun 26, 2018
Sold by
Hsiang Jade
Bought by
Hsiang Benjamin
Seller's Agent
Enrique Viramontes
Remax Commercial and Investment Realty
Buyer's Agent
Enrique Viramontes
Remax Commercial and Investment Realty
List Price
$2,500,000
Sold Price
$2,525,000
Premium/Discount to List
$25,000
1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,262,500
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 14, 2018
Closed on
Jun 4, 2018
Sold by
Dominguez Raquel F
Bought by
Hisiang Benjamin and Kirby Apartments Llc
Seller's Agent
Enrique Viramontes
Remax Commercial and Investment Realty
Buyer's Agent
Enrique Viramontes
Remax Commercial and Investment Realty
List Price
$2,500,000
Sold Price
$2,525,000
Premium/Discount to List
$25,000
1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,262,500
Interest Rate
4.5%
Mortgage Type
Commercial
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
The Echo 600 Llc -- Fidelity National Title
Hsiang Benjamin -- Fidelity National Title Comp
Hisiang Benjamin $2,525,000 Fidelity National Title Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hsiang Benjamin $1,262,500
Previous Owner Hisiang Benjamin $1,262,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2018 06/29/18 Sold $2,525,000 +1.0% --
02/15/2018 02/15/18 Pending -- -- --
02/14/2018 02/14/18 For Sale $2,500,000 -- --
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 $9,848 $796,478 $796,478 --
2024 $9,848 $780,861 $780,861 --
2023 $9,662 $765,550 $765,550 $0
2022 $9,220 $750,540 $750,540 $0
2021 $9,097 $735,824 $735,824 $0
2020 $9,185 $728,280 $728,280 $0
2019 $8,829 $714,000 $714,000 $0
2018 $831 $35,925 $30,565 $5,360
2016 $765 $34,531 $29,379 $5,152
2015 $759 $34,013 $28,938 $5,075
2014 $771 $33,348 $28,372 $4,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-313746

The MLS

APN: 5404-011-029