$1,415,000
SOLD AUG 29, 2022

712 Chestnut Ave Los Angeles, CA 90042

0.17 Acre
$8,217,189 Price per Acre
7,501 Sq Ft Lot

Recently Sold

$1,259 Per Sq Ft

2% Below List Price

21 Days on Market

Highlights

  • City Lights View
  • No HOA
  • 3-minute walk to San Pascual Park
  • Property is near a park
  • Level Lot

About This Lot

As of August 2022

Developers, RTI! SHOVEL READY on a Flat Lot! To build four single houses! Each house with 4 bed/4 bath, around 1,750 SF, 2-car-garage, roof deck. To be delivered with fully approved, Ready To Issue Plans for an impressive small lot sub-division in Highland Park area.The existing property is an old house 1,124 SF, 7,501 SF LARD1.5 lot. No need to worry about messy relocations on the future project! Around one mile to Pasadena, South Pasadena. Easy access to DTLA, Rose Bowl, Dodger Stadium, .....

Last Agent to Sell the Property

Ray Tu

JC Pacific Corp License #01943279 Listed on: 07/25/2022

JC Pacific Corp

Last Buyer's Agent

Wei Li

HARVEST REALTY DEVELOPMENT License #02003306

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $26,816

Lot Details

  • 7,501 Sq Ft Lot
  • Level Lot
  • Property is zoned LARD1.5

Additional Features

  • City Lights Views
  • Property is near a park

Listing and Financial Details

  • Legal Lot and Block 8 / 7
  • Assessor Parcel Number 5493034010
  • $267 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Exterior Lighting

Property Details

Property Type

Land

Est. Annual Taxes

$26,816

Lot Details

0

Listing Details

  • Other Phone Description: 909-274-8899
  • View: Yes
  • Zoning: LARD1.5
  • Property Type: Land
  • Parcel Number: 5493034010
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 188.64

Exterior Features

  • View: City Lights

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Level, Park Nearby
  • Lot Size Sq Ft: 7501.00
  • Lot Size Acres: 0.1722

Multi Family

  • Lot Size Area: 7501.0000 Square Feet

Tax Info

  • Tax Block: 7
  • Tax Census Tract: 1831.03
  • Tax Lot: 8
  • TaxOtherAnnualAssessmentAmount: 267.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2022
Closed on
Sep 27, 2022
Sold by
Songdong Hu
Bought by
712 N Chestnut Llc
Seller's Agent
Ray Tu
JC Pacific Corp
Buyer's Agent
Wei Li
HARVEST REALTY DEVELOPMENT
List Price
$1,450,000
Sold Price
$1,415,000
Premium/Discount to List
-$35,000
-2.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.10%
Original Mortgage
$840,000
Interest Rate
5.51%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 25, 2022
Closed on
Aug 19, 2022
Sold by
Cal Pr Llc
Bought by
Hu Songdong
Seller's Agent
Ray Tu
JC Pacific Corp
Buyer's Agent
Wei Li
HARVEST REALTY DEVELOPMENT
List Price
$1,450,000
Sold Price
$1,415,000
Premium/Discount to List
-$35,000
-2.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
5.51%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 25, 2022
Closed on
Aug 18, 2022
Sold by
Wu Xu
Bought by
Hu Songdong
Seller's Agent
Ray Tu
JC Pacific Corp
Buyer's Agent
Wei Li
HARVEST REALTY DEVELOPMENT
List Price
$1,450,000
Sold Price
$1,415,000
Premium/Discount to List
-$35,000
-2.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
5.51%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 17, 2020
Closed on
May 15, 2020
Sold by
712 Chestnut Llc
Bought by
Cal Pr Llc
Seller's Agent
Mark Hwang
Elevate Real Estate Agency
Buyer's Agent
Ray Tu
JC Pacific Corp
List Price
$929,500
Sold Price
$895,000
Premium/Discount to List
-$34,500
-3.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.38%
Original Mortgage
$455,000
Interest Rate
3.4%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Mar 25, 2018
Closed on
Apr 11, 2018
Sold by
Canaan Holdings Llc
Bought by
712 Chestnut Llc
Seller's Agent
Luka Mihovilovic
United Real Estate Los Angeles
Buyer's Agent
Luka Mihovilovic
United Real Estate Los Angeles
List Price
$650,000
Sold Price
$675,000
Premium/Discount to List
$25,000
3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.68%
Original Mortgage
$455,000
Interest Rate
4.43%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 25, 2018
Closed on
Mar 9, 2018
Sold by
Hernandez Frank J
Bought by
Canaan Holdings Llc
Seller's Agent
Luka Mihovilovic
United Real Estate Los Angeles
Buyer's Agent
Luka Mihovilovic
United Real Estate Los Angeles
List Price
$650,000
Sold Price
$675,000
Premium/Discount to List
$25,000
3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
4.43%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 5, 2002
Sold by
Hernandez Carmen
Bought by
Hernandez Carmen and Hernandez 2002 Family Trust
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 Type Sale Price Title Company
Grant Deed -- --
Grant Deed $1,415,000 Lawyers Title
Deed -- Lawyers Title
Grant Deed $895,000 First American Title
Grant Deed -- None Available
Grant Deed $675,000 Stewart Title Of California
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,000,000 Construction
Previous Owner $840,000 New Conventional
Previous Owner $840,000 New Conventional
Previous Owner $455,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $455,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $1,398,000 0.0% $732 / Sq Ft
06/02/2025 06/02/25 Off Market $1,398,000 -- --
05/30/2025 05/30/25 For Sale $1,498,000 +7.2% $746 / Sq Ft
05/30/2025 05/30/25 For Sale $1,398,000 -1.2% $732 / Sq Ft
08/29/2022 08/29/22 Sold $1,415,000 -2.4% $1,259 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
07/25/2022 07/25/22 For Sale $1,450,000 +62.0% $1,290 / Sq Ft
06/23/2020 06/23/20 Sold $895,000 -3.7% $796 / Sq Ft
04/17/2020 04/17/20 For Sale $929,500 +37.7% $827 / Sq Ft
04/13/2018 04/13/18 Sold $675,000 +3.8% $601 / Sq Ft
03/25/2018 03/25/18 Pending -- -- --
03/25/2018 03/25/18 For Sale $650,000 -- $578 / Sq Ft
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
2024 $26,816 $2,211,790 $1,443,300 $768,490
2023 $17,252 $1,415,000 $1,132,000 $283,000
2022 $11,026 $922,356 $737,885 $184,471
2021 $10,894 $904,271 $723,417 $180,854
2020 $8,692 $702,270 $520,200 $182,070
2019 $8,349 $688,500 $510,000 $178,500
2018 $485 $33,985 $15,481 $18,504
2016 $447 $32,668 $14,881 $17,787
2015 $441 $32,178 $14,658 $17,520
2014 $452 $31,548 $14,371 $17,177
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22161122

California Regional Multiple Listing Service (CRMLS)

APN: 5493-034-010