See Home Value
Los Angeles 90024 Westwood
123 PIERSON BLVD-16 AC-59 HOMES
$591,558*
House - Off Market

123 PIERSON BLVD-16 AC-59 HOMES

Los Angeles (City), CA 90024
bedrooms
Studio
bathrooms
0 Bath
square feet
714384 Sqft
$360,000 - $438,000
Reference Base Price*
48.26%
Since Apr 1, 2019
CA-Los Angeles
Primary Model
Refi May 02, 2001
Transfer
$11,000,000 by John Hancock Real Estate Finan
Mortgage

About This Property

16.4 Acres of Flat Buildable Land in Desert Hot Springs, CA, just across Hwy 10 from Palm Springs, about 10 miles to downtown Palm Springs. There is an old tentative tract map to build 59 homes on this land. The complete purchase price is $399,000. Land is walking distance to High School, and new built homes in this area are selling for $380,000.  Buy 16 acres for the price of a single home. Investment opportunity.

The manager has listed the unit size as 714384 square feet.
Unit Size
714,384Ft²
Days on Market
-
Land Size
16.40 acres
Price per sqft
$1
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1972

Price History

Date / Event Date Event Price
Mar 3, 2019 No longer available -
No longer available
Jan 28, 2019 Listed $399,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 0
  • Construction Type: Concrete
  • Floor Count: 1
  • Living Units: 264
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 39,327
  • Total Building Area: 150,962
  • Gross Building Area: 150,962
  • Building Area: 150,962
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 150,962
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Fireproof reinforced concrete frames/Non-combustible materials
  • Property Class: Commercial
  • Subdivision: 7803
  • Land Acres: 0.903
  • Standard Land Use Code: Hotel
  • Legal Description 1: TRACT NO 7803 LOTS 9, 10 AND 11 AND (EX OF ST) LOT/SEC 12 BLK/DIV/TWN 9

Ownership

  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 265602

Zoning

  • Zoning: LAR5

Geography

  • Assessors Map Reference: 41-E2
  • Subdivision Tract Number: 7803
  • Parcel: 4325-001-023
  • Block: 9
  • Lot: 9-11
  • Municipality: HALL OF ADMIN/HOTELS - W
  • Latitude: 34.0601
  • Longitude: -118.437

    Address

  • Full Address: 10740 Wilshire Blvd
  • Address - House Number: 10740
  • Address - Street Name: Wilshire
  • Address - Suffix Type: Blvd
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C060
  • 4-Digit Zip Code: 4493
  • Zip Code: 90024

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,186,615
  • Tax Rate Code Area: 00-067

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $30,000,000
  • First Open Lien Mortgage Lender: JOHN HANCOCK REAL ESTATE FINAN
  • First Open Lien Mortgage Recording Date: May 02, 2001
  • First Open Lien Mortgage Loan Amount: $11,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Lender: AMERICAN GENERAL LIFE INSURANC
  • Second Open Lien Mortgage Recording Date: Jun 02, 2006
  • Second Open Lien Mortgage Loan Amount: $19,000,000
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Loan Due Date: Jul 01, 2026

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $99,692,146
  • Assessed Land Value: $33,500,257
  • Assessed Improvements Value: $66,191,889



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About West Los Angeles


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Frequently Asked Questions

When was property at 10740 Wilshire Boulevard built and last sold?
The property at 10740 Wilshire Boulevard was built in 1972 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 10740 Wilshire Boulevard is $35,521,499.
What are some comparable homes to 10740 Wilshire Boulevard?
There are currently no comparable homes to 10740 Wilshire Boulevard.

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