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$1,195,000   Price Analysis
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12821 Panama St
Los Angeles, CA 90066
2 bed 1 bath 864 SqFt ($1383/SqFt)
5,629SqFt lot. Built 1950
Listed 2024-07-10, Taxes $3,677
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

Attention Builders.

or First Time Homebuyers. THIS IS THE GOLDMINE LARGE LOT YOU'VE BEEN WAITING FOR! Prime 5, 629sqft lot (50'wide/113'deep). Location, Location, Location. Huge ARV potential. 12850 Admiral on same size lot 5, 629sqft sold for $3, 225, 000 (2023). Bring your ideas and your architect, mini mansions are the trend in this area. Hello first time homebuyer or renters, this cute 864 sqft 2+1 with separate laundry room is ready to move in now, but could use TLC in the future. It is the perfect starter home, best value in our neighborhood - buy now, build later. Unpermitted garage conversion micro studio with bathroom (shower) and countertop for bar frig and microwave. Backyard has several fruit trees - avocado, guava, calamansi, persimmons and lemon. First time homebuyers, get this fixer now and build your custom dream home in the future!

Easy access to 90, 405 and 105 fwy. Just minutes to LAX. Pavilions, CVS, Trader Joe's, Ralph's, Whole Foods and CostCo are all nearby, along with the many restaurants, shops, banks, theaters etc. A major boon to the area is a nine story Cedars Sinai Marina del Rey Hospital, scheduled for completion in 2026. This peaceful yet highly desired Marina del Rey adjacent neighborhood has so much to offer. Who wants to be near the beach? Playa del Rey, Venice and Santa Monica in addition to Marina del Rey Mothers Beach, Fisherman's Village and Burton Chase Park for a picnic and a stroll along the water and boats! Easy to see. Sellers has already identified a replacement property. They are highly motivated, anxious to make a dal!


Presented by Arleen Revilla at
R1R.
Listing Agent Photo

Property MLS #24-413465 from TheMLSCLAW

Bedrooms: 2

Total Bathrooms: 1
Full Bathrooms: 1

Converted Garage, Patio Covered

Laundry Facilities: Room
Laundry Features: Room

Furnished Description: Unfurnished
Flooring: Tile, Wood Laminate, Carpet

Heating Features: Wall Gas

Other Structures: Shed(s)

Lot Size Acres: 0.1292241
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5629

Garage Description: Driveway, On street

Association: No
Calculated Total Monthly Association Fees: 0

Source Listing Status: Active
County: Los Angeles
Directions: 2 blocks east of Alla Road, off the 90 freeway.
Source Property Type: Residential
Area: Marina Del Rey
Source Neighborhood: Marina Del Rey
Parcel Number: 4223-010-004
Postal Code Plus 4: 6531
Zoning: LAR1
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$62,064 + $245,039
$307,103
$3,677
2021$60,848 + $240,235
$301,083
$3,626
2020$60,225 + $237,772
$297,997
$3,661
2019$59,045 + $233,110
$292,155
$3,517
2018$57,888 + $228,540
$286,428
$3,470
2017$56,753 + $224,059
$280,812
$3,395
2016$55,641 + $219,666
$275,307
$3,313
2015$54,806 + $216,367
$271,173
$3,264
2014$53,733 + $212,129
$265,862
$3,283
2013$53,491 + $211,171
$264,662
$3,277
2012$52,443 + $207,031
$259,474
$3,318
2010$51,415 + $202,972
$254,387
$3,251
2009$51,153 + $201,935
$253,088
$3,129
2009$51,031 + $201,456
$252,487
$3,129
2008$50,150 + $197,976
$248,126
$2,994
2007$49,167 + $194,095
$243,262
$2,895

Price Changed 2024-08-02
$1,195,000
TheMLSCLAW
Price Changed 2024-07-26
$1,220,000
TheMLSCLAW
Listed 2024-07-10
$1,245,000
TheMLSCLAW
Sold 1992-11-12
$150,000
Public Record

Total Square Feet Living: 864
Year Built: 1950
Common Walls: Detached/No Common Walls
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 74
Structure Type: Detached
House Style: Traditional
Year Built Source: Vendor Enhanced
Architectural Style: Traditional

Other Equipment: Dishwasher, Microwave, Refrigerator, Washer, Dryer

Marina Del Rey Middle School is a public middle school located approximately 0.3 miles away.
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Short Avenue Elementary School is a public elementary school located approximately 0.5 miles away.
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Venice Senior High School is a public high school located approximately 1.3 miles away.
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Westside Neighborhood School is a private elementary and middle school located approximately 0.6 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.