$1,500,000
SOLD SEP 30, 2016
2.8 Acres
$536,289 Price per Acre
121,837 Sq Ft Lot

Recently Sold

25% Below List Price

122 Days on Market

Highlights

  • 2.8 Acre Lot
  • No HOA
  • Neighborhood Views

About This Lot

As of September 2016

**NEW PRICE OF $1,500,000** Approved Tentative Map for 6 detached homes. The subject property is located in the Westchester community of Los Angeles which is boarded by Loyola Marymount College, Playa Vista, the newly built LA Clippers facility and The Promenade at Howard Hughes Business Center. A maximum of 6 detached homes can be constructed on the property, leaving the remaining land area as open space. Entitlement documentation includes; Determination letter dated 5/3/2007, Tentative Tract Map dated 8/1/2006 (TT-61605) which is active until approx. 2020, conceptual lot layout & elevations. The property is adjacent to Playa Vista which is comprised of 6,000 residential units, 3.3 million SF of commercial and/or office space and 250,000 SF of retail space. The retail portion is anchored by CVS, Cinemark Theatres and CVS. Contact listing agent for additional information on the project status.

Last Agent to Sell the Property

David Melaugh

Compass License #01862538

Compass

Last Buyer's Agent

David Melaugh

Compass License #01862538

Compass

Property Details

Property Type

  • Land

Lot Details

  • 2.8 Acre Lot
  • Value in Land
  • Property is zoned LAR1

Additional Features

  • Neighborhood Views
  • Urban Location

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4103024025

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Road Frontage Type: City Street
  • Road Surface Type: Unpaved
  • View: Yes
  • Zoning: LAR1
  • Property Type: Land
  • Parcel Number: 4103024025
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 12.31

Exterior Features

  • View: Neighborhood

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Value In Land
  • Lot Size Sq Ft: 121843.00
  • Price Per Lot Square Foot: 12.31
  • Lot Size Acres: 2.7970

Multi Family

  • Lot Size Area: 121843.0000 Square Feet

Map

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

Property History

Date Event Price Change Sq Ft Price
12/20/2023 12/20/23 Pending -- -- --
11/08/2023 11/08/23 For Sale $850,000 -43.3% --
09/30/2016 09/30/16 Sold $1,500,000 -25.0% --
06/03/2016 06/03/16 Pending -- -- --
02/02/2016 02/02/16 For Sale $2,000,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR15259822

California Regional Multiple Listing Service (CRMLS)