NOT LISTED FOR SALE

Estimated Value: $1,226,000

0.19 Acres
$6,517,810 Price per Acre
8,193 Sq Ft Lot

Sale Details

Date Sold: November 16, 2020

Last sale price $999,000 $708 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $8,047 / mo

32 Days on Market

Highlights

  • Panoramic View
  • No HOA
  • 3-minute walk to Everett Park
  • Property is near park

About This Lot

As of November 2020

Developer/Investor opportunity located off Sunset Blvd between China Town, Echo Park, and Downtown Los Angeles. The views from this lot of downtown are absolutely amazing. Permitted New construction 6 unit Loft type apartment complex. All units 3 bed 3 bath w/ rooftop deck (approx. 300 sq ft) underground parking(6 standard spots, 7 compact spots, 1 handicap spot) unit 1: 1263 sq ft,unit 2: 1115 sq ft,unit 3: 1120 sq ft,unit 4 & 5: 1123 sq ft,unit 6: 1564 sq ft. Grading, initial foundation work has been completed. Plans are available for review.

Buyers to confirm all information and review permits at LA City Building and safety's web site and execute due diligence prior to submission of offers.

Last Agent to Sell the Property

Rafael Dagnasses

eXp Realty of California Inc License #01220271 Listed on: 09/01/2020

eXp Realty of California Inc

Last Buyer's Agent

Rafael Dagnasses

eXp Realty of California Inc License #01220271 Listed on: 09/01/2020

eXp Realty of California Inc

Property Details

Property Type

  • Land

Lot Details

  • 8,193 Sq Ft Lot
  • Property is zoned LAR3

Property Views

  • Panoramic
  • City Lights

Location

  • Property is near park

Listing and Financial Details

  • Legal Lot and Block 16 / 31
  • Assessor Parcel Number 5406016017

Community Details

Overview

  • No Home Owners Association

Recreation

  • Exterior Lighting

Property Details

Property Type

Land

Lot Details

8,193 Sq Ft Lot

Listing Details

  • View: Yes
  • Zoning: LAR3
  • Property Type: Land
  • Parcel Number: 5406016017
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 121.93

Exterior Features

  • View: City Lights, Panoramic

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: Park Nearby
  • Lot Size Sq Ft: 8193.00
  • Lot Size Acres: 0.1881

Multi Family

  • Lot Size Area: 8193.0000 Square Feet

Tax Info

  • Tax Block: 31
  • Tax Census Tract: 1977.00
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
Nov 6, 2020
Sold by
Access Investments Holding Llc
Bought by
Mf One Investments Llc
Seller's Agent
Rafael Dagnasses
eXp Realty of California Inc
Buyer's Agent
Rafael Dagnasses
Quantum Realtors
List Price
$999,000
Sold Price
$999,000
Current Estimated Value
$1,226,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,000
Avg. Annual Appreciation
3.81%
Original Mortgage
$700,000
Outstanding Balance
$614,314
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$611,686

Purchase Details

Closed on
Jul 17, 2020
Sold by
955 Everitt Holding Llc
Bought by
Access Investment Holdings Llc

Purchase Details

Closed on
Jul 25, 2017
Sold by
Timmreck Ryan Jason
Bought by
955 Everett Holding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.96%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 22, 2002
Sold by
M K T Community Development Inc
Bought by
Timmreck Ryan Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,800
Interest Rate
6.25%

Purchase Details

Closed on
May 31, 2001
Sold by
Kawamoto Rae M
Bought by
M K T Community Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
7.15%

Purchase Details

Closed on
Feb 5, 1999
Sold by
Kawamoto Rae M
Bought by
Kawamoto Rae M and Kawamoto Kiyoko
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
Mf One Investments Llc $999,000 Provident Title Company
Access Investment Holdings Llc $10,000 Stewart Title
955 Everett Holding Llc $1,000,000 Old Republic Title Company
Timmreck Ryan Jason $389,000 Equity Title Company
M K T Community Development Inc $189,000 Equity Title
Kawamoto Rae M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mf One Investments Llc $700,000
Previous Owner 955 Everett Holding Llc $750,000
Previous Owner Timmreck Ryan Jason $389,800
Previous Owner M K T Community Development Inc $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2020 11/16/20 Sold $999,000 0.0% $708 / Sq Ft
10/03/2020 10/03/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $999,000 0.0% $708 / Sq Ft
01/14/2015 01/14/15 Rented $3,200 0.0% --
01/14/2015 01/14/15 Under Contract -- -- --
12/31/2014 12/31/14 For Rent $3,200 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $18,020 $1,485,691 $1,485,691 --
2023 $17,666 $1,456,560 $1,456,560 $0
2022 $16,836 $1,428,000 $1,428,000 $0
2021 $11,932 $999,000 $999,000 $0
2020 $12,676 $1,040,400 $1,040,400 $0
2019 $12,168 $1,020,000 $1,020,000 $0
2018 $12,199 $1,000,000 $800,000 $200,000
2016 $5,916 $485,438 $355,908 $129,530
2015 $5,830 $478,147 $350,562 $127,585
2014 $5,854 $468,781 $343,695 $125,086
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20180442

California Regional Multiple Listing Service (CRMLS)

APN: 5406-016-017

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