See Home Value
Los Angeles 90019 PICO
1110 S Spaulding Ave
$5,126,018*
Land - Off Market

1110 S Spaulding Ave

LOS ANGELES, CA 90019
bedrooms
Studio
bathrooms
0 Bath
$4,496,000 - $5,494,000
Reference Base Price*
2.62%
Since Mar 1, 2022
CA-Los Angeles
Primary Model
Sold Jan 27, 2022
$4,995,000
$700,000 by Sd Dimension Llc
Mortgage Due Jun 01, 2025
Sold May 03, 2019
$2,550,000
$1,190,000 by Fremont Bank
Mortgage Due May 01, 2049

About This Property

Presented for sale is a 26 Residential Unit Ready-to-Issue Development Opportunity in Mid-Wilshire.  Situated on Spaulding Ave. between San Vicente Blvd and Whitworth Dr., this 9,993 SF R3-1 Tier 3 lot has its longest side at a 20 foot wide alley.  Currently housing a Single Family Residence, this property comes with No RSO and No need to Ellis.  This Project is Fully RTI!  Mechanical, Electrical and Plumbing Plan Checks are all complete!  The Letter of Determination was issued in 2019, which calls for 3 ELI Units.  Consisting of fourteen 2+2s, eleven 3+3 (including two townhouse units) and one 1+1, the unit mix should rent quickly in this very-in-demand Very Walkable neighborhood a short distance to the under-construction Fairfax/Wilshire Metro Subway Station.  The Project consists of six levels of housing (the ground level split between housing and parking) over one level of subterranean parking (32 parking spaces total).  The 28,590 SF of Rentable Square Footage is designed with Type 3 Over Type 1 Construction.  This building will tower over most properties in the area.  This tremendously central location surrounded by tons of restaurants, nightlife and shopping, is walking distance to LACMA, the Petersen Automotive Museum, the Academy Museum, The Grove and The Farmers Market.  Easy access to DTLA, Beverly Hills, and the whole Westside.
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1936

Price History

Date / Event Date Event Price
Feb 2, 2022 No longer available -
No longer available
Nov 20, 2021 In contract -
In contract
Nov 10, 2021 Listed $4,995,000
Listed
Mar 23, 2019 No longer available -
No longer available
Feb 25, 2019 Listed $2,500,000
Listed
Rare Development Opportunity: LAR3 zoned property on a large 9,993 square foot lot in the Wilshire Vista neighborhood of Los Angeles. Located in a Tier 3 TOC (Transit Oriented Community). Convenient alley access at the rear of the property. Current improvements include a well-designed 3 bd/2 bath single family home and detached guest house with kitchenette, full bath and separate entrance. Beautiful pine hardwood floors throughout, high-end finishes, dual fireplaces, and multiple private…

Property Highlights

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1948
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: A
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,993
  • Total Building Area: 1,833
  • Building Area: 1,833
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,833
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 9721
  • Land Acres: 0.229
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 9721 LOT/SEC 140

Ownership

  • Current Owner : 1110 SO SPAULDING LLC
  • Previous Owner : SPAULDING VIEWS LLC
  • Owner Before Previous Owner: ROTH PRICE FAMILY TRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 216902

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 42-F2
  • Subdivision Tract Number: 9721
  • Parcel: 5085-024-020
  • Lot: 140
  • Municipality: WEST /PARK LABREA
  • Latitude: 34.0556
  • Longitude: -118.36

    Address

  • Full Address: 1110 S Spaulding Ave
  • Address - House Number: 1110
  • Street Direction: S
  • Address - Street Name: Spaulding
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C028
  • 4-Digit Zip Code: 2410
  • Zip Code: 90019

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $19,193
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2306
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 68
  • Final Value: 2,095,451
  • High Value: 2,578,752
  • Low Value: 1,612,151

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $700,000
  • First Open Lien Mortgage Lender: SD DIMENSION LLC
  • First Open Lien Mortgage Recording Date: Nov 03, 2023
  • First Open Lien Mortgage Loan Amount: $700,000
  • First Open Lien Mortgage Term: 18
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2025

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,094,900
  • Assessed Land Value: $4,590,000
  • Assessed Improvements Value: $504,900

    Sales

  • Current Sale Contract Date: Dec 14, 2021
  • Current Sale Recording Date: Jan 27, 2022
  • Current Sale Transaction ID: 11878469979
  • Current Sale Price: $4,995,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 107374
  • Previous Sale Recording Date: May 03, 2019
  • Previous Sale Contract Date: Mar 24, 2019
  • Previous Sale Amount: $2,550,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PUERTO LORETO LLC
  • First Mortgage Transaction Date: Jan 27, 2022
  • First Mortgage Loan Amount: $2,500,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Feb 01, 2023
  • Second Mortgage Loan Amount: $900,000

    Previous Mortgages

  • Previous Mortgage Lender: FREMONT BANK
  • Previous Mortgage Transaction Date: May 03, 2019
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,190,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: May 01, 2049



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
4.5 Baths
5,278 ft²
$909/ft²
$4,800,000 Oct 26, 2023
-
-
House
5 Beds
5 Baths
3,450 ft²
$1,593/ft²
$5,495,000 Jun 7, 2022
-
-
House
5 Beds
6 Baths
5,143 ft²
$855/ft²
$4,395,000 Oct 26, 2023
-
-
Multifamily
2 Beds
3 Baths
9,634 ft²
$436/ft²
$4,200,000 Oct 28, 2023
-
-
House
5 Beds
4.5 Baths
4,000 ft²
$1,024/ft²
$4,095,000 Oct 31, 2023
-
-

About Central LA


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Frequently Asked Questions

When was property at 1110 South Spaulding Avenue built and last sold?
The property at 1110 South Spaulding Avenue was built in 1936 and last sold on Dec 14, 2021 for $4,995,000.
How much is this home worth?
The estimated value of the home located at 1110 South Spaulding Avenue is $5,044,950.
What are some comparable homes to 1110 South Spaulding Avenue?
There are currently no comparable homes to 1110 South Spaulding Avenue.

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