NOT LISTED FOR SALE

Estimated Value: $1,837,000 - $2,377,000

0.45 Acre
$4,591,534 Price per Acre
19,650 Sq Ft Lot

Last Sold May 21, 2024

Last sale price $1,725,000 $753 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $12,810/month

67 Days on Market

About This Lot

As of May 2024

Welcome to a rare chance to turn your vision into reality. This property presents an incredible development opportunity in an esteemed neighborhood. Situated amidst multi-million dollar homes, this parcel boasts immense potential for those with the foresight to capitalize on it. A retaining wall failure has been identified on the property, offering a unique opportunity for rehabilitation and enhancement. This setback, however, paves the way for a fresh start and creative redevelopment, allowing you to craft a masterpiece in a coveted locale. Previously listed at $2,995,000, this property is now competitively priced at $1,995,000, making it an irresistible investment opportunity. Priced to sell immediately, this is your chance to seize an exceptional deal and unlock substantial value. Don't miss out on this golden opportunity to shape the landscape of this prestigious neighborhood.

Last Agent to Sell the Property

Jade Mills

Coldwell Banker Realty License #00526877 Listed on: 02/23/2024

Coldwell Banker Realty

Co-Listed By

Alexis LaMontagna

Coldwell Banker Realty License #01400539

Last Buyer's Agent

Kim Mac Donald

No Firm Affiliation License #01166310

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $21,424

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 111x178
  • Property is zoned LARE40

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4384-023-016

Property Details

Property Type

Land

Est. Annual Taxes

$21,424

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.4511
  • Lot Dimensions: 111x178
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4384-023-016
  • Lot Size Area: 19657

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2025
Sold by
Elikaee Family Trust and Elikaee Mohammad
Bought by
Pinecrest Valley Llc
Current Estimated Value
$2,071,241

Purchase Details

Listed on
Feb 23, 2024
Closed on
May 31, 2024
Sold by
Mohammad Elikaee
Bought by
Elikaee Family Trust and Elikaee
Seller's Agent
Jade Mills
Coldwell Banker Realty
Buyer's Agent
Kim Mac Donald
No Firm Affiliation
List Price
$1,995,000
Sold Price
$1,725,000
Premium/Discount to List
-$270,000
-13.53%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.17%

Purchase Details

Listed on
Feb 23, 2024
Closed on
May 14, 2024
Sold by
Murdoch C Mackillop C and Murdoch Leslie E
Bought by
Elikaee Mohammad
Seller's Agent
Jade Mills
Coldwell Banker Realty
Buyer's Agent
Kim Mac Donald
No Firm Affiliation
List Price
$1,995,000
Sold Price
$1,725,000
Premium/Discount to List
-$270,000
-13.53%
Views
44

Purchase Details

Closed on
May 22, 2008
Sold by
Gores Alec
Bought by
Mackillop Murdoch and Mackillop Leslie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2004
Sold by
Eisenberg Lori
Bought by
Gores Alec

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2004
Sold by
Eisenberg Michael
Bought by
Eisenberg Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2004
Sold by
Eisenberg Lori
Bought by
Eisenberg Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2003
Sold by
Buccieri Kristian and The Buccieri Family Trust
Bought by
Eisenberg Lori

Purchase Details

Closed on
Oct 4, 2002
Sold by
Buccieri Jules
Bought by
Buccieri Jules and Buccieri Family Trust
Source: Public Records

Range of Values:

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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
Pinecrest Valley Llc -- None Listed On Document
Elikaee Family Trust -- None Listed On Document
Elikaee Mohammad $1,725,000 Equity Title Company
Mackillop Murdoch $1,350,000 Fidelity Van Nuys
Gores Alec $1,575,000 Equity Title Company
Gores Alec -- Equity Title Company
Eisenberg Lori -- Equity Title Company
Eisenberg Michael -- Equity Title Company
Eisenberg Lori -- Equity Title
Eisenberg Lori -- Equity Title
Buccieri Jules -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mackillop Murdoch $1,000,000
Previous Owner Gores Alec $1,000,000
Previous Owner Eisenberg Michael $845,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2024 05/21/24 Sold $1,725,000 -13.5% $753 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
04/15/2024 04/15/24 For Sale $1,995,000 +15.7% $870 / Sq Ft
04/14/2024 04/14/24 Off Market $1,725,000 -- --
02/23/2024 02/23/24 For Sale $1,995,000 -- $870 / 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 $21,424 $1,759,500 $1,232,160 $527,340
2024 $21,424 $1,738,471 $1,390,782 $347,689
2023 $21,013 $1,704,384 $1,363,512 $340,872
2022 $20,071 $1,670,966 $1,336,777 $334,189
2021 $19,827 $1,638,203 $1,310,566 $327,637
2019 $19,171 $1,589,615 $1,271,695 $317,920
2018 $19,038 $1,558,447 $1,246,760 $311,687
2016 $18,183 $1,497,933 $1,198,348 $299,585
2015 $17,917 $1,475,433 $1,180,348 $295,085
2014 $17,976 $1,446,532 $1,157,227 $289,305
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-361485

The MLS

APN: 4384-023-016