Seller's Agent in 2019
Bryant Brislin
The Hoffman Company
(949) 553-2020
30 Total Sales
8620 Olin St Los Angeles, CA 90034
Mid-City NeighborhoodEstimated Value: $1,415,500
0.19
Acres
$7,469,657
Price per Acre
8,253
Sq Ft Lot
Highlights
- City Lights View
- No HOA
- Rectangular Lot
About This Lot
As of August 2019Approved project for 5 new small lot SFRs. Potential $7mm+ in finished value once built. Delivered RTI, start construction right away. Olin 5 represents a rare opportunity to build new, high-end for-sale housing in a submarket that rarely sees this type of product built due to land supply being so constrained. Thus, when a project does become available, it sells quickly and for a premium, as evidenced by the Row 8/Cattaraugus project (just south of the subject site) which sold out within weeks for homes mostly in the $700/ft range. This project is located just adjacent (south of the 10 freeway) to the prime area of the Culver City’s Arts District which not only has an abundance of retail options, but is fastly becoming an entertainment hub that rival Hollywood’s Media District. Apple’s original content division is in ramp-up mode and taking 128,000 sf at the old Surfas Culinary District site, Amazon Studios is leasing 75,000 sf at Culver & Washington, and Culver Studios is undertaking a 413,000 sf expansion. This area has become an extension of Silicon Beach, as ±1.5 MM sf of creative office/commercial is planned or under construction. Recently Announced: Both Amazon & Apple are leasing 2nd buildings for their operations in the area.
Last Agent to Sell the Property
The Hoffman Company License #01877964 Listed on: 03/04/2019
Property Details
Property Type
- Land
Lot Details
- 8,253 Sq Ft Lot
- Rectangular Lot
- Level Lot
- Property is zoned LARD1.5
Additional Features
- City Lights Views
- Urban Location
Listing and Financial Details
- Assessor Parcel Number 5065008009
Community Details
Overview
- No Home Owners Association
Recreation
- Exterior Lighting
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 4, 2019
Closed on
Jul 26, 2019
Sold by
Bought by
Seller's Agent
Bryant Brislin
The Hoffman Company
Buyer's Agent
Shawn Kormondy
Keller Williams Beverly Hills
List Price
$2,400,000
Sold Price
$2,150,000
Premium/Discount to List
-$250,000
-10.42%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$734,500
Purchase Details
Listed on
Aug 11, 2017
Closed on
Oct 6, 2017
Sold by
Bought by
Seller's Agent
Dan May
KW Westside Estates
Buyer's Agent
Will Tiao
The Collective Realty
List Price
$1,100,000
Sold Price
$1,108,100
Premium/Discount to List
$8,100
0.74%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.23%
Original Mortgage
$680,000
Interest Rate
0.039%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 11, 2017
Closed on
Aug 23, 2017
Sold by
Bought by
Seller's Agent
Dan May
KW Westside Estates
Buyer's Agent
Will Tiao
The Collective Realty
List Price
$1,100,000
Sold Price
$1,108,100
Premium/Discount to List
$8,100
0.74%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
0.039%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 18, 2012
Sold by
Bought by
Purchase Details
Closed on
Oct 1, 2003
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
0.0622%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 4, 2003
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,100,000 | Fidelity National Title Co | ||
| -- | None Available | ||
| $1,108,500 | Lawyers Title Ins Co | ||
| -- | None Available | ||
| -- | Stewart Title | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $3,435,000 | ||
| Previous Owner | $680,000 | ||
| Previous Owner | $150,000 | ||
| Previous Owner | $60,000 | ||
| Previous Owner | $104,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/23/2019 08/23/19 | Sold | $2,150,000 | -10.4% | $896 / Sq Ft | |
| 05/09/2019 05/09/19 | Pending | -- | -- | -- | |
| 03/20/2019 03/20/19 | For Sale | $2,400,000 | 0.0% | $1,000 / Sq Ft | |
| 03/18/2019 03/18/19 | Pending | -- | -- | -- | |
| 03/04/2019 03/04/19 | Price Changed | $2,400,000 | -29.4% | $1,000 / Sq Ft | |
| 03/04/2019 03/04/19 | For Sale | $3,400,000 | +206.8% | $1,417 / Sq Ft | |
| 09/22/2017 09/22/17 | Sold | $1,108,100 | +0.7% | $462 / Sq Ft | View Prior Sale |
| 08/21/2017 08/21/17 | Pending | -- | -- | -- | |
| 08/11/2017 08/11/17 | For Sale | $1,100,000 | -- | $458 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2021 | -- | $2,121,756 | $2,121,756 | |
| 2019 | $13,807 | $1,130,262 | $785,400 | $344,862 |
| 2018 | $13,646 | $1,108,100 | $770,000 | $338,100 |
| 2016 | $1,891 | $128,763 | $66,529 | $62,234 |
| 2015 | $1,869 | $126,830 | $65,530 | $61,300 |
| 2014 | $1,906 | $124,347 | $64,247 | $60,100 |
Source: Public Records
Agents Affiliated with this Home
-
Bryant Brislin
-
Shawn Kormondy
Buyer's Agent in 2019
Shawn Kormondy
Keller Williams Beverly Hills
(323) 638-7567
5 in this area
130 Total Sales
-
Dan May
Seller's Agent in 2017
Dan May
KW Westside Estates
(310) 739-8647
4 in this area
30 Total Sales
-
Will Tiao
Buyer's Agent in 2017
Will Tiao
The Collective Realty
(323) 363-1096
23 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19048329
APN: 5065-008-009
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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