$1,100,000 Price Analysis   ♡   Los Angeles, CA 90043 9 bed 6 bath 2,780 SqFt ($395/SqFt) 7,992SqFt lot. Built 1999 Listed 2024-07-15, Taxes $4,904 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Great investment opportunity for builders to develop
Investors to buy and hold or as an owner-occupied property. Prime development opportunity in the vibrant and rapidly evolving 90043 zip code of Los Angeles. The parcel, zoned C2-2D-SP, offers significant potential for mixed-use development, benefiting from its designation as a TOC Tier 3 site. This tier allows for substantial density increases and parking reductions, enhancing the project's feasibility and attractiveness.Key Features include a generous buildable area with a lot size of 7, 992 sq. ft. and a buildable square footage of 47, 952 sq. ft., this property is ideal for creating a substantial mixed-use development. Density and parking benefits may allow a 70% density increase and a 50% reduction in parking requirements, optimizing the project's scope and efficiency.
Situated in a bustling area with easy access to major thoroughfares and public transportation, this property is positioned to capitalize on the growing demand for residential and commercial spaces in Los Angeles. The strategic location ensures a steady influx of potential residents and businesses, making it a highly attractive investment for developers. All information given is deemed reliable but not guaranted. Buyer and buyers agent to perform their own investigation to verify zoning, planning and building possibilities, including but not limited to lot size, to their satisfaction. Call listing agent for additional information on the current rent roll. This property may be delivered vacant at close of escrow. An additional 3/2 unit is under construction with permits, bringing total number of units to three 3/2's. Property will be shown by appointment with accepted offer subject to interior inspection.
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RE/MAX Estate Properties.
Property MLS #24-415301 from TheMLSCLAW
Full Bathrooms: 6
Garage Description: Garage Is Attached, Parking Space
Parking Total: 5
Covered Parking: Yes
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7992
Calculated Total Monthly Association Fees: 0
Number of Units: 3
County: Los Angeles
Directions: Slauson to Crenshaw, Right to 63Rd Left.
Source Property Type: Residential Income
Area: Park Hills Heights
Source Neighborhood: Park Hills Heights
Parcel Number: 4006-003-035
Postal Code Plus 4: 4005
Zoning: LAC2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $212,899 + $163,766 $376,665 | $4,904 |
| 2021 | $208,725 + $160,555 $369,280 | $4,829 |
| 2020 | $206,585 + $158,909 $365,494 | $4,872 |
| 2019 | $202,535 + $155,794 $358,329 | $4,694 |
| 2018 | $198,564 + $152,740 $351,304 | $4,519 |
| 2017 | $194,671 + $149,746 $344,417 | $4,427 |
| 2016 | $190,854 + $146,810 $337,664 | $4,301 |
| 2015 | $187,988 + $144,605 $332,593 | $4,241 |
| 2014 | $184,306 + $141,773 $326,079 | $4,269 |
| 2013 | $183,474 + $141,133 $324,607 | $4,263 |
| 2012 | $179,877 + $138,366 $318,243 | $4,320 |
| 2010 | $176,350 + $135,653 $312,003 | $4,245 |
| 2009 | $175,449 + $134,960 $310,409 | $4,088 |
| 2009 | $175,033 + $134,640 $309,673 | $4,088 |
| 2008 | $172,009 + $132,314 $304,323 | $3,920 |
| 2007 | $168,637 + $129,720 $298,357 | $3,786 |
$1,100,000
TheMLSCLAW
Listing removed 2024-07-09
$0
TheMLSCLAW
Listed 2024-06-03
$1,100,000
TheMLSCLAW
Sold 2022-12-09
$930,000
CRMLS
Listing removed 2021-02-03
$0
CRMLS
Relisted 2020-12-14
$999,999
CRMLS
Listing removed 2020-11-30
$0
CRMLS
Listed 2020-10-21
$999,999
CRMLS
Sold 2002-11-01
$276,000
Public Record
Sold 2002-08-21
$219,000
Public Record
Sold 1999-06-28
$225,000
Public Record
Sold 1998-05-04
$50,000
Public Record
Year Built: 1999
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 25
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.