NOT LISTED FOR SALE

Estimated Value: $1,377,000

0.17 Acre
$7,996,516 Price per Acre
7,501 Sq Ft Lot

Last Sold December 18, 2024

Last sale price $1,300,000 $776 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,736/month

86 Days on Market

About This Lot

As of December 2024

REDUCED! We are pleased to exclusively present for sale a fully Ready-to-Issue construction project of 6 residential dwellings consisting of five 3 story units and one ADU in the East Hollywood neighborhood of Los Angeles. Situated on N. Harvard Blvd. between Melrose Ave. and Clinton St., this 7,498 SF R3-1 Tier 2 lot has 50 feet of frontage. The property is scraped and ready for it's future. Plan Check is fully approved, with Permits Ready-to-Issue! Get your construction crew ready! The design consists of four 3+3 Townhomes-style units, one 4+4 SFR and one attached 2+1 ADU totaling 6,963 SF of rentable square footage. The project features three separate structures with the middle unit sharing no walls with neighbors. The Front Structure is a 3 Story Duplex with an attached ADU. The Middle Structure is a 3 Story Single Family Residence. The Back Structure is a 3 Story Duplex. All the 3+3 Townhomes & SFR will have 2 parking spaces each (total of 10 parking spaces on site). The simplicity of construction for this project will save a developer on costs and speed them to the finish line! The property comes with an SB8 Replacement Unit Determination Letter stating that "no affordable replacement units are required." This site is tucked in between Hollywood, Silver Lake and Koreatown - all areas in Los Angeles that are going through or have already gone through tremendous redevelopment, all with a great nightlife scene and amenities that future residents may desire. Walk Score calls this area a Walker's Paradise! With a convenient and central location, quick access to the 101 freeway and about a mile away from the Metro Station, this property should be an easy commute to anywhere in the Greater Los Angeles.

Last Agent to Sell the Property

Dario Svidler

Keller Williams Beverly Hills License #01884474 Listed on: 08/13/2024

Keller Williams Beverly Hills

Co-Listed By

Almog Strikowski

Keller Williams Beverly Hills License #01986816

Last Buyer's Agent

Dario Svidler

Keller Williams Beverly Hills License #01884474 Listed on: 08/13/2024

Keller Williams Beverly Hills

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,792

Lot Details

  • 7,501 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Property is zoned R3-1 Tier 2

Utilities

  • Phone Available
  • Cable TV Available

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 5521-006-015

Property Details

Property Type

Land

Est. Annual Taxes

$14,792

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Lot Acreage: 0.1722
  • Lot Dimensions: 50x150
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Inclusions: 6 Unit Ready-to-Issue Project

Exterior Features

  • Road Frontage: 50 feet
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5521-006-015
  • Lot Size Area: 7501
  • Possible New Zone: Build 6 Units - RTI
  • Potential Usage: 6 Unit Read-to-Issue Market Rate Construction Project - Front Duplex w/ADU, Middle 3 Story SFR, Back Duplex
  • Present Use: Vacant Lot

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2024
Closed on
Dec 5, 2024
Sold by
Beachwood Development Llc
Bought by
Paragon Management & Development Inc
Seller's Agent
Dario Svidler
Keller Williams Beverly Hills
Buyer's Agent
Dario Svidler
Keller Williams Beverly Hills
List Price
$1,424,620
Sold Price
$1,300,000
Premium/Discount to List
-$124,620
-8.75%
Views
31
Current Estimated Value
$1,377,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,000
Avg. Annual Appreciation
9.11%
Original Mortgage
$3,000,000
Outstanding Balance
$2,981,929
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
-$1,604,929

Purchase Details

Closed on
Mar 11, 2020
Sold by
Bh Main Llc
Bought by
Beachwood Development Llc

Purchase Details

Listed on
Aug 17, 2017
Closed on
Aug 21, 2017
Sold by
Barlan Ernestino B and Barlan Nenita M
Bought by
Bh Main Llc
Seller's Agent
Arlene Bautista
California Classic Realty
Buyer's Agent
Moon Kim
Keller Williams Coastal Prop.
List Price
$900,000
Sold Price
$920,000
Premium/Discount to List
$20,000
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.20%

Purchase Details

Closed on
Aug 14, 1995
Sold by
Coast Federal Bank Fsb
Bought by
Barlan Ernestino B and Barlan Nenita M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.95%

Purchase Details

Closed on
Feb 17, 1995
Sold by
Marenco Cesar and Marenco Margaret
Bought by
Coast Federal Bank Fsb

Purchase Details

Closed on
Jul 15, 1994
Sold by
Dubon Sandra
Bought by
Marenco Cesar and Marenco Margaret
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
Paragon Management & Development Inc $1,300,000 Fidelity National Title
Beachwood Development Llc $1,150,000 Provident Title Company
Bh Main Llc $920,000 Provident Title Company
Barlan Ernestino B $140,000 --
Coast Federal Bank Fsb $200,000 Fidelity National Title Ins
Marenco Cesar -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paragon Management & Developme $3,000,000
Previous Owner Bh Main Llc $139,500
Previous Owner Barlan Ernestino B $222,000
Previous Owner Barlan Ernestino B $55,500
Previous Owner Barlan Ernestino B $205,500
Previous Owner Barlan Ernestino B $65,000
Previous Owner Barlan Ernestino B $217,700
Previous Owner Barlan Ernestino B $250,000
Previous Owner Barlan Ernestino B $135,000
Previous Owner Barlan Ernestino B $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2024 12/18/24 Sold $1,300,000 -1.9% $776 / Sq Ft
11/07/2024 11/07/24 Pending -- -- --
10/24/2024 10/24/24 Price Changed $1,325,000 -3.6% $791 / Sq Ft
09/18/2024 09/18/24 Price Changed $1,375,000 -3.5% $820 / Sq Ft
08/13/2024 08/13/24 For Sale $1,424,620 +23.9% $850 / Sq Ft
08/03/2020 08/03/20 Sold $1,150,000 -9.8% $686 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
06/22/2020 06/22/20 For Sale $1,275,000 +10.9% $761 / Sq Ft
06/20/2020 06/20/20 Off Market $1,150,000 -- --
05/19/2020 05/19/20 Price Changed $1,275,000 -1.9% $761 / Sq Ft
03/28/2020 03/28/20 For Sale $1,300,000 +13.0% $776 / Sq Ft
03/05/2020 03/05/20 Pending -- -- --
03/04/2020 03/04/20 Off Market $1,150,000 -- --
02/27/2020 02/27/20 Price Changed $1,300,000 -7.1% $776 / Sq Ft
02/24/2020 02/24/20 For Sale $1,400,000 +52.2% $835 / Sq Ft
09/08/2017 09/08/17 Sold $920,000 +2.2% $549 / Sq Ft
08/19/2017 08/19/17 Pending -- -- --
08/17/2017 08/17/17 For Sale $900,000 -- $537 / 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 $14,792 $1,300,000 $1,300,000 --
2024 $14,792 $1,220,389 $1,220,389 --
2023 $14,506 $1,196,460 $1,196,460 $0
2022 $13,828 $1,173,000 $1,173,000 $0
2021 $13,668 $1,150,000 $1,150,000 $0
2020 $11,813 $957,168 $671,058 $286,110
2019 $11,345 $938,400 $657,900 $280,500
2018 $12,177 $920,000 $645,000 $275,000
2016 $2,581 $204,367 $179,619 $24,748
2015 $2,545 $201,298 $176,921 $24,377
2014 $2,567 $197,356 $173,456 $23,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-427289

The MLS

APN: 5521-006-015