NOT LISTED FOR SALE

Estimated Value: $433,053 - $590,000

0.56 Acre
$874,260 Price per Acre
24,232 Sq Ft Lot

Last Sold May 02, 2022

Last sale price $450,000 $404 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,204/month

77 Days on Market

Highlights

  • Panoramic View
  • Wonderland Avenue Elementary Rated A
  • 0.56 Acre Lot

About This Lot

As of May 2022

ATTN Buyers, Investors and Developers: Exceptional opportunity to build your dream home with incredible views - canyons, mountains, even the iconic Hollywood sign. Nestled in legendary Laurel Canyon sits this sprawling, half acre lot in prime Hollywood Hills location. Located in one of the most desired areas above West Hollywood right in the middle of everything, minutes from Sunset Plaza, Chateau Marmont, Soho House, Runyon Canyon, Beverly Hills Hotel and much more. Seller has already paid for a Property Development Analysis for your review (see attached documents). There is utility access as a house previously existed on the lot. Call for appointment or go direct; however the lot is fenced so there is limited access.

Last Agent to Sell the Property

Pete Castro

Compass License #01161881 Listed on: 09/16/2021

Compass

Last Buyer's Agent

Chris Cornell

HomeSmart, Evergreen Realty License #01384339

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,691

Year Built

  • 1962

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 184x135
  • Property is zoned LARE15

Property Views

  • Panoramic
  • City Lights
  • Woods
  • Views of a landmark
  • Canyon
  • Mountain
  • Hills

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5562-010-009

Property Details

Property Type

Land

Est. Annual Taxes

$5,691

Year Built

1962

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.5563
  • Lot Dimensions: 184x135
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1962

Exterior Features

  • View: City Lights, Hills, Mountains, Panoramic, Landmark, Trees/Woods, Canyon
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5562-010-009
  • Lot Size Area: 24234

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
May 3, 2022
Sold by
Walter Hoffman Robert
Bought by
Robert Walter Hoffman & Nelly Hoffman 1997 Re
Seller's Agent
Pete Castro
Compass
Buyer's Agent
Chris Cornell
HomeSmart, Evergreen Realty
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%
Total Days on Market
77
Current Estimated Value
$486,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,351
Avg. Annual Appreciation
2.03%
Original Mortgage
$337,500
Outstanding Balance
$323,502
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$155,399

Purchase Details

Listed on
Sep 16, 2021
Closed on
Apr 28, 2022
Sold by
Hoffman Robert Walter and Hoffman Nelly
Bought by
Cornell Kendall A
Seller's Agent
Pete Castro
Compass
Buyer's Agent
Chris Cornell
HomeSmart, Evergreen Realty
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Outstanding Balance
$323,502
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$155,399

Purchase Details

Closed on
Nov 3, 2020
Sold by
Hoffman Robert Walter
Bought by
Hoffman Nelly and Hoffman Robert Walter

Purchase Details

Closed on
Aug 13, 2018
Sold by
Hoffman Robert W and Hoffman Nelly
Bought by
Hoffman Robert Walter and Hoffman Nelly

Purchase Details

Closed on
Mar 1, 2018
Sold by
Romero Mario and Romero Merida
Bought by
Hoffman Robert W and Hoffman Nelly

Purchase Details

Closed on
May 27, 2009
Sold by
Taylor Todd and The Wayne Arnold Taylor Revoca
Bought by
Romero Mario and Romero Merida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
4.76%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 31, 2005
Sold by
Taylor Wayne Arnold
Bought by
Taylor Wayne Arnold and The Wayne Arnold Taylor Revoca
Source: Public Records

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Range of Values:

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Average Value
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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
Hoffman Robert Walter -- None Available
Hoffman Robert W -- None Available
Romero Mario $450,000 Progressive Title
Taylor Wayne Arnold -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Romero Mario $340,000
Previous Owner Taylor Wayne A $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2022 05/02/22 Sold $450,000 0.0% $404 / Sq Ft
12/02/2021 12/02/21 Pending -- -- --
11/03/2021 11/03/21 Price Changed $450,000 -9.1% $404 / Sq Ft
09/16/2021 09/16/21 For Sale $495,000 -- $445 / 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
2024 $5,691 $468,180 $468,180 --
2023 $5,583 $459,000 $459,000 $0
2022 $6,232 $527,940 $527,940 $0
2021 $6,158 $517,589 $517,589 $0
2020 $6,223 $512,282 $512,282 $0
2019 $5,973 $502,238 $502,238 $0
2018 $6,173 $509,295 $509,295 $0
2016 $6,022 $489,519 $489,519 $0
2015 $5,935 $482,166 $482,166 $0
2014 $5,962 $472,722 $472,722 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-784500

The MLS

APN: 5562-010-009