$1,050,000 Price Analysis   ♡   Los Angeles, CA 90043 5 bed 2 bath 2,378 SqFt ($441/SqFt) 7,479SqFt lot. Built 1920 Listed 2024-07-15, Taxes $8,826 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Great opportunity for a builder to develop
An investor to buy and hold or as an owner-occupied property. Unlock the potential of a prime development opportunity located in a thriving area of Los Angeles. Zoned R3-1 and designated as a TOC Tier 4 site, this property offers significant incentives for increased density and reduced parking requirements. The ample lot size and substantial allowable floor area make it an ideal choice for developers seeking to create a high-density, multifamily residential project. Key features include a generous Buildable Area: The property spans 7, 479 sq. ft. with a buildable square footage of 22, 437 sq. ft., providing ample space for a substantial development.
Optimized density and parking efficiency may allow developer to benefit from an 80% increase in allowable density and a 55% reduction in parking requirements, enhancing the project's feasibility and cost-effectiveness. Situated in a vibrant and accessible part of Los Angeles, this property is ideally positioned to attract residents . Its strategic location offers easy access to major transportation routes and urban amenities , ensuring strong demand and sustained growth potential. All information given deemed reliable but not guaranteed. Buyer and buyers agent to perform their own investigation in order to confirm the accuracy of all information including but not limited to lot size, zoning, development opportunities and building restrictions. One f the two units may be delivered vacant at close of escrow. showings will be scheduled by appointment with accepted offer subject to interior inspection. call listing agent for information on current rent roll.
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RE/MAX Estate Properties.
Property MLS #24-415401 from TheMLSCLAW
Full Bathrooms: 2
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7479
Parking Total: 10
Calculated Total Monthly Association Fees: 0
Number of Units: 2
County: Los Angeles
Directions: From the 90 Freeway Slauson East to destination.
Source Property Type: Residential Income
Area: Park Hills Heights
Source Neighborhood: Park Hills Heights
Parcel Number: 5006-010-001
Postal Code Plus 4: 2502
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $202,980 + $510,000 $712,980 | $8,826 |
| 2021 | $199,000 + $500,000 $699,000 | $8,715 |
| 2020 | $90,995 + $299,003 $389,998 | $5,178 |
| 2019 | $89,211 + $293,141 $382,352 | $4,988 |
| 2018 | $87,462 + $287,394 $374,856 | $4,819 |
| 2017 | $85,748 + $281,759 $367,507 | $4,720 |
| 2016 | $84,067 + $276,235 $360,302 | $4,593 |
| 2015 | $82,805 + $272,086 $354,891 | $4,529 |
| 2014 | $81,183 + $266,757 $347,940 | $4,558 |
| 2013 | $80,817 + $265,552 $346,369 | $4,552 |
| 2012 | $79,233 + $260,346 $339,579 | $4,613 |
| 2010 | $77,680 + $255,242 $332,922 | $4,535 |
| 2009 | $77,284 + $253,937 $331,221 | $4,368 |
| 2009 | $77,100 + $253,335 $330,435 | $4,368 |
| 2008 | $75,769 + $248,958 $324,727 | $4,190 |
| 2007 | $74,284 + $244,077 $318,361 | $4,050 |
$1,050,000
TheMLSCLAW
Listing removed 2024-07-09
$0
TheMLSCLAW
Listed 2024-07-05
$1,050,000
TheMLSCLAW
Listing removed 2020-07-19
$0
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Sold 1990-10-17
$167,500
Public Record
Year Built: 1920
Common Walls: Detached/No Common Walls
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 104
Year Built Source: Vendor Enhanced
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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.