NOT LISTED FOR SALE

824 E Jefferson Blvd Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated Value: $1,510,000 - $2,146,000

3 Beds
1 Bath
17,205 Sq Ft
$106/Sq Ft Est. Value

Last Sold October 14, 2020

Last sale price $1,450,000 $84 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $11,119/month

87 Days on Market

Highlights

  • Spa
  • No HOA
  • Views
  • 17,205 Sq Ft lot

About This Home

As of October 2020

IMPROVED PRICE !! $$$93 /SF Vacant Land Total Size of 17,205 SF (3 Parcels / 824 830 834 E Jefferson Blvd) LACM 1 Zoning - Great opportunity to develop in South Downtown LA. Former 3 residential properties completely demolished and now vacant land. Located on busy street with great visibility, 4 minutes to USC and 10 minutes to DTLA, Lots of restaurants and transportation near by cross the streets East Jefferson Bl and San Pedro St. ***County records show as M1 zoning but Zimas Reports show all 3 parcels as CM-1 (Commercial Manufacturing) zoning. It is possible to build wholesale, storage, clinics, light manufacturing, and limited C2 and R3 uses as long as city approves it. That means that you can also build multi-family units. With the lot size being 17,205 SF, you can build up to 21-22 units (based on 800 SF minimum per dwelling unit requirement). These properties are located in TOC Tier 1 area so there is a 50% density bonus which allows approx. 10-11 additional units.

Last Agent to Sell the Property

Geo Kim

GAIA License #01855390 Listed on: 05/21/2020

Last Buyer's Agent

Geo Kim

GAIA License #01855390 Listed on: 05/21/2020

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2020

Lot Details

  • 0.39 Acre Lot
  • Property is zoned LAM1

Home Design

  • 17,205 Sq Ft Home

Pool

  • Spa

Additional Features

  • Property Views

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5121-003-007

Home Details

Home Type

Single Family

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Street Number Display: Yes
  • Living Area: 17205
  • Year Built: 2020
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Full Bathroom: 0
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Price Per S Q F T: 93.00

Exterior Features

  • Other Structures: Other
  • Pool: No
  • Spa Yn: Yes
  • View: Yes

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 5121-003-007
  • Geocode Override: No
  • Lot Size Area: 17205

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2019
Sold by
James And Diane Wie Trust
Bought by
January 2 Property Inc
Current Estimated Value
$1,828,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$897,000
Outstanding Balance
$790,210
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$1,037,790

Purchase Details

Closed on
Mar 23, 2016
Sold by
Wie James Ji Hwang
Bought by
Wie James and Wie Diane

Purchase Details

Closed on
Oct 23, 2015
Sold by
Eom Kyung H
Bought by
Eom Kyung H and Wie James Ji Hwang

Purchase Details

Closed on
Nov 17, 2014
Sold by
Jefferson Holdings Llc
Bought by
Eom Kyung H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2008
Sold by
Thomas John H and Thomas Dorothy Lee
Bought by
Jefferson Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.04%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 1, 2001
Sold by
Thomas John H and Thomas Dorothy Lee
Bought by
Thomas John H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
January 2 Property Inc $950,000 Ticor Title Company
Wie James -- None Available
Eom Kyung H -- None Available
Eom Kyung H $675,000 Lawyers Title
Jefferson Holdings Llc -- Chicago Title Company
Thomas John H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open January 2 Property Inc $897,000
Previous Owner Eom Kyung H $405,000
Previous Owner Jefferson Holdings Llc $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/14/2020 10/14/20 Sold $1,450,000 -9.4% $84 / Sq Ft
08/16/2020 08/16/20 Pending -- -- --
06/08/2020 06/08/20 Price Changed $1,600,000 -15.3% $93 / Sq Ft
05/21/2020 05/21/20 For Sale $1,890,000 +481.5% $110 / Sq Ft
02/17/2015 02/17/15 Sold $325,000 -7.1% $211 / Sq Ft View Prior Sale
02/11/2015 02/11/15 Pending -- -- --
10/29/2014 10/29/14 For Sale $349,900 -- $228 / 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 $18,836 $1,569,526 $1,569,526 --
2024 $18,836 $1,538,751 $1,538,751 --
2023 $18,470 $1,508,580 $1,508,580 $0
2022 $17,610 $1,479,000 $1,479,000 $0
2021 $17,179 $1,450,000 $1,450,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Geo Kim

    Seller's Agent in 2020

    Geo Kim

    GAIA

    (213) 369-1519

    18 Total Sales

    Geo Kim
    Section Image

  • J

    Seller's Agent in 2015

    Juan Avendano

    RE/MAX

    Section Image

  • N

    Buyer's Agent in 2015

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    6,215 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: The MLS

MLS Number: 20-581736

The MLS

APN: 5121-003-028

California Los Angeles County Los Angeles 90011 Historic South Central

824 E Jefferson Blvd, Los Angeles, CA

Not Listed for Sale

Detached

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