Seller's Agent in 2025
Herbert McGurk
Coldwell Banker Realty
(310) 739-5511
1 in this area
4 Total Sales
906 E 23rd St Los Angeles, CA 90011
Historic South Central Neighborhood
0.14
Acre
$5,241,090
Price per Acre
6,234
Sq Ft Lot
About This Lot
As of February 202525% Price Reduction! A possible affordable housing development opportunity at 906 E 23rd Street, just south of Downtown Los Angeles. The 6,232 sq. ft. lot currently has an 8648 sq. ft. structure that will be delivered vacant at close of escrow. Located in a dense community with an easy commute to Downtown and close to multiple Metro local lines, Metro A Line (Blue) to Long Beach and Metro E Line (Gold) to Santa Monica. The property is located in the Opportunity Zone which offer incentives for investing in low-income communities. Opportunity Zones programs offer three tax incentives through a qualified Opportunity Fund. Property is also centered in the Enterprise Zone which the Federal, State and City governments provide economic incentives to stimulate local investment and employment through tax and regulation relief and improvement of public services. Located 2 miles from USC and the LA Convention Center, close to the Fashion District Downtown and the Los Angeles Trade Technical College. Maximum Unit Count is 4 (four) Units 2 units plus a 1,200 sq. ft ADU and a 500 sq. ft. JADU. Maximum Build Size is 10,800 sq. ft. for all livable structures. Heigth Limit is 3 Stories (33 ft.) Property down the street is building a three story duplex and 2 two story ADUs. a total of three buildings. Maximum Build Size is 16,200 sq. ft for all livable structures. (Information provided by Flipro.) Contact LA1 for further information.
Last Agent to Sell the Property
Coldwell Banker Realty License #01361267 Listed on: 08/12/2024
Property Details
Property Type
- Land
Lot Details
- 6,234 Sq Ft Lot
- Lot Dimensions are 50x125
- Property is zoned [Q]LAR4
Location
- City Lot
Utilities
- Sewer in Street
- Phone Available
Additional Features
- Property Views
Listing and Financial Details
- Assessor Parcel Number 5131-019-001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 12, 2024
Closed on
Jan 31, 2025
Sold by
Bell James Zelda Marie and Bell Stephanie Battle-Rogers
Bought by
Beza Bizuhan Kidane Mihrets Ethiopian Orthodo
Seller's Agent
Herbert McGurk
Coldwell Banker Realty
Buyer's Agent
Samuel Woldeyesus
Compass
List Price
$1,595,000
Sold Price
$750,000
Premium/Discount to List
-$845,000
-52.98%
Views
49
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
$16,537
Avg. Annual Appreciation
2.54%
Purchase Details
Closed on
Oct 16, 2014
Sold by
Mitchell Corrine Rhodes
Bought by
Mitchell Corrine Rhodes and James Zelda Marie Bell
Purchase Details
Closed on
Aug 17, 2002
Sold by
Carlton C Roderick
Bought by
The Tr Agreement Charles Roderick Carlto
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $750,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/19/2025 02/19/25 | Sold | $750,000 | -37.2% | -- |
| 01/06/2025 01/06/25 | Pending | -- | -- | -- |
| 09/23/2024 09/23/24 | Price Changed | $1,195,000 | -25.1% | -- |
| 08/12/2024 08/12/24 | For Sale | $1,595,000 | -- | -- |
Source: The MLS
Tax History Compared to Growth
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 | $7,503 | $570,869 | $240,367 | $330,502 |
| 2024 | $7,503 | $559,676 | $235,654 | $324,022 |
| 2023 | $7,369 | $548,703 | $231,034 | $317,669 |
| 2022 | $7,054 | $537,945 | $226,504 | $311,441 |
| 2021 | $1,015 | $527,398 | $222,063 | $305,335 |
| 2019 | $1,000 | $511,758 | $215,478 | $296,280 |
| 2018 | $1,002 | $501,724 | $211,253 | $290,471 |
| 2016 | $969 | $482,243 | $203,050 | $279,193 |
| 2015 | $6,244 | $475,000 | $200,000 | $275,000 |
| 2014 | $3,281 | $219,687 | $62,516 | $157,171 |
Source: Public Records
Agents Affiliated with this Home
-
Herbert McGurk
-
Samuel Woldeyesus
Buyer's Agent in 2025
Samuel Woldeyesus
Compass
(949) 794-5701
1 in this area
35 Total Sales
Map
Source: The MLS
MLS Number: 24-426808
APN: 5131-019-001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Nearby Homes