Seller's Agent in 2016
Bob Khalsa
United America Realty Services Inc
(661) 513-4433
14 Total Sales
985 Everett St Los Angeles, CA 90026
Echo Park NeighborhoodEstimated Value: $1,171,000
0.2
Acre
$5,855,000
Price per Acre
8,693
Sq Ft Lot
Highlights
- City Lights View
- Greenbelt
- Front Yard
- No HOA
- Rectangular Lot
- 1-minute walk to Everett Park
About This Lot
As of August 2016Developers!! Redevelopment Opportunity in Desirable Silver Lake - Angelino Heights area! This property sits in a necklace pattern for residential units with Everett Park in the middle. Presently, the property has a single family home and a tenant who is on a month to month tenancy. City zoning & use restrictions allow construction up to seven units. Large Residential development taking place on the same street. Property being sold for land value only & for development. Big lot with great views of downtown LA and Hollywood sign. Nice neighborhood with Everett Park located in the middle of this cul-de-sac street. Zoning is (Q)R3-1VL. Buyer to verify all information & property use with the City.
Last Agent to Sell the Property
United America Realty Services Inc License #01340077 Listed on: 03/18/2016
Property Details
Property Type
- Land
Lot Details
- 8,693 Sq Ft Lot
- Rectangular Lot
- Paved or Partially Paved Lot
- Front Yard
- Density is 36-40 Units/Acre
- Value in Land
- Property is zoned (Q)R3-1VL
Property Views
- City Lights
- Hills
- Valley
- Park or Greenbelt
Additional Features
- Urban Location
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 5406016027
Community Details
Overview
- No Home Owners Association
- Greenbelt
Recreation
- Exterior Lighting
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 8, 2018
Sold by
Gbi Cmb Lp
Bought by
Metatron La 6Th Group Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,225,000
Outstanding Balance
$2,800,782
Interest Rate
4.5%
Mortgage Type
Construction
Purchase Details
Closed on
May 13, 2016
Sold by
Theroux Gregory Jay
Bought by
Gbi Cmb Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
3.56%
Mortgage Type
Commercial
Purchase Details
Closed on
May 27, 2015
Sold by
Theroux Gregory
Bought by
Theroux Gregory Jay
Purchase Details
Closed on
Mar 30, 2011
Sold by
Lim Sok Lay
Bought by
Theroux Gregory
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
4.84%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 27, 2006
Sold by
Radalj John Anthony and Estate Of Jaka T Radalj Lasc
Bought by
Lim Sok Lay
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
6.69%
Mortgage Type
Credit Line Revolving
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Metatron La 6Th Group Llc | $1,900,000 | Provident Title Company | |
| Gbi Cmb Lp | $1,015,000 | Fatcola | |
| Theroux Gregory Jay | -- | None Available | |
| Theroux Gregory | $390,000 | First American Title Company | |
| Lim Sok Lay | $670,000 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Metatron La 6Th Group Llc | $3,225,000 | |
| Previous Owner | Gbi Cmb Lp | $760,000 | |
| Previous Owner | Theroux Gregory | $312,000 | |
| Previous Owner | Lim Sok Lay | $67,000 | |
| Previous Owner | Lim Sok Lay | $536,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/04/2016 08/04/16 | Sold | $1,015,000 | -3.3% | $1,101 / Sq Ft |
| 05/04/2016 05/04/16 | Pending | -- | -- | -- |
| 03/18/2016 03/18/16 | For Sale | $1,050,000 | 0.0% | $1,139 / Sq Ft |
| 01/28/2013 01/28/13 | Rented | $2,000 | 0.0% | -- |
| 01/23/2013 01/23/13 | Under Contract | -- | -- | -- |
| 11/28/2012 11/28/12 | For Rent | $2,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
|---|---|---|---|---|
| 2020 | $37,882 | $1,938,000 | $1,938,000 | $0 |
| 2019 | -- | $1,900,000 | $1,900,000 | $0 |
| 2018 | -- | $1,035,300 | $828,240 | $207,060 |
| 2016 | -- | $422,078 | $337,664 | $84,414 |
| 2015 | -- | $415,739 | $332,592 | $83,147 |
| 2014 | -- | $407,596 | $326,077 | $81,519 |
Source: Public Records
Agents Affiliated with this Home
-
Bob Khalsa
-
Diana Arias
D
Seller Co-Listing Agent in 2016
Diana Arias
United America Realty Services Inc
(661) 260-3911
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR16057403
APN: 5406-016-027
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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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