$2,900,000
$395K PRICE DROP

Los Angeles, CA 90017

Westlake Neighborhood

Estimated payment $17,379/month

Total Views 801
0.14 Acre
$20,194,986 Price per Acre
12,889 Sq Ft Lot

Highlights

  • City Lights View
  • Fenced
  • Level Lot

About This Lot

1517 &1521 W. 8th St. is a redevelopment opportunity in the Los Angeles City West submarket. The property is currently vacant and zoned LAC2-2D. It is ED1eligible and within a TOC Tier 3 area. On November 16th, 2020 the Los Angeles Department of City Planning issued a Letter of Determination in favor of a 60-unit multifamily redevelopment project. The project was permitted in 2022 and has since expired. Today, a developer may make use of the myriad enhanced density bonus programs available on the city and state level including the CHIP ordinance, ED1, TOC and AB 1287. Tier 3 status allows for an up to 70% density bonus in accordance with the city's Transit Oriented Communities (TOC) Incentive Program. TOC incentives qualify based on the site's proximity to the intersection of a major transit stop. AB 1287,the state's stackable density bonus (bonus on top of bonus) may allow a combined bonus over 100% above the base density. An ED1 or other affordable project making use of the city's Affordable Housing Incentive Program (AHIP) may offer unlimited density. Buyer to verify any zoning assumptions.

Listing Agent

Adam Peterson

CB Richard Ellis, Inc. License #01815802 Listed on: 06/20/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $18,017

Lot Details

  • 12,889 Sq Ft Lot
  • Fenced
  • Level Lot
  • Property is zoned LAC2

Property Views

  • City Lights Views

Utilities

  • Sewer in Street
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5142-023-015

Property Details

Property Type

Land

Est. Annual Taxes

$18,017

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Acreage: 0.1436
  • Probate: No
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: City Lights
  • View: Yes

Utilities

  • Cable: Yes
  • Gas: On Site
  • Sewer: In Street
  • Telephone: Yes
  • Water: Meter on Property

Lot Info

  • Assessor Parcel Number: 5142-023-015
  • Lot Description: Street Asphalt, Lot-Level/Flat, Fenced
  • Lot Size Area: 12889

Range of Values:

Collateral Analytics

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ICE

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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

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 $18,017 $1,505,939 $1,505,939 --
2024 $18,017 $1,476,411 $1,476,411 --
2023 $17,531 $1,447,462 $1,447,462 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 Price Changed $2,900,000 -12.0% --
06/20/2025 06/20/25 For Sale $3,295,000 -- --
Source: The MLS

Source: The MLS

MLS Number: 25555337

The MLS

APN: 5142-023-015

California Los Angeles County Los Angeles 90017

Westlake

This home and is currently priced at $2,900,000. This home is a home located in Los Angeles County with nearby schools including Esperanza Elementary School, John H. Liechty Middle School, and Belmont High School.

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.

The MLS © 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.

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Adam Peterson
Listing Agent
Adam Peterson
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CB Richard Ellis, Inc.
(310) 954-7031