When was property at 1162 West Florence Avenue built and last sold?

The property at 1162 West Florence Avenue was built in and last sold on Apr 28, 2020 for $530,000.

How much is this home worth?

The estimated value of the home located at 1162 West Florence Avenue is $656,500.

What are some comparable homes to 1162 West Florence Avenue?

There are currently no comparable homes to 1162 West Florence Avenue.

Los Angeles

90044

Congress Southwest

1162 W Florence Ave

1 / 3

Map

$650,000

● Land - For Sale

1162 W Florence Ave

Los Angeles, CA 90044

Studio

0 Bath

$3,192

Estimated Monthly

HOA / Fees

About This Property

The 6,047 square foot vacant corner lot at 1162 W Florence Ave offers a prime opportunity for development, with zoning conducive to multiple possibilities, including 100% affordable housing. Phase 1 and Phase 2 reports are readily available, ensuring the property's suitability for development. With dimensions of 50x120 and ample access, the lot presents a blank canvas for creative development ideas.

Unit Size

Days on Market

48 days

Land Size

0.14 acres

Price per sqft

Property Type

Land

Property Taxes

HOA Dues

Year Built

Listed By

Jordan Petito

[email protected]

Keller Williams Beverly Hills

Last updated: 2 months ago (CLAWCA #367367)

Price History

Date / Event	Date	Event
Mar 13, 2024	No longer available	-
No longer available
Mar 11, 2024	Listed by KELLER WILLIAMS BEVERLY HILLS REALTY	$650,000
Listed by KELLER WILLIAMS BEVERLY HILLS REALTY
Dec 28, 2023	Price Decreased	$650,000 ↓ $25K (3.7%)
Price Decreased
Nov 14, 2023	Price Decreased	$675,000 ↓ $25K (3.6%)
Price Decreased
Nov 7, 2023	Price Decreased	$700,000 ↓ $70K (9.1%)
Price Decreased
Oct 24, 2023	Price Decreased	$770,000 ↓ $25K (3.1%)
Price Decreased
Sep 22, 2023	Listed by KELLER WILLIAMS BEVERLY HILLS REALTY	$795,000
Listed by KELLER WILLIAMS BEVERLY HILLS REALTY

	America Partner of Keller Williams Beverly Hills is pleased to present the sale of 1162 W Florence Ave, Los Angeles, CA 90044. This 6,047 square foot vacant corner lot, zoned C2, offers a blank canvas for multiple development possibilities, including the potential for a 100% affordable housing project. Located in a high-demand area of Los Angeles, this property is primed for a project that combines community impact with solid investment potential. KELLER WILLIAMS BEVERLY HILLS REALTY
Oct 6, 2021	No longer available	-
No longer available
May 13, 2020	Sold	$530,000
Sold
Apr 28, 2020	In contract	-
In contract
Apr 26, 2020	Relisted	$550,000
Relisted
Apr 25, 2020	No longer available	-
No longer available
Apr 18, 2020	No longer available	-
No longer available
Apr 7, 2020	No longer available	-
No longer available
Mar 20, 2020	Listed	$550,000
Listed

	What an opportunity to build in one of the quickest growing neighborhoods in all of Los Angeles. The subject property is a 50x120 CORNER lot (6,047 sq feet) zoned C2 that sits on the cross streets of Budlong and Florence. By right, the site allows for 15 units and if you were to take advantage of the tier 2 TOC zoning you can build up to 23 units. Florence is the main artery into all the development going on around the new Clippers and Rams Stadium. The site is 1.1 miles away from the new…
Aug 10, 2019	No longer available	-
No longer available
Jul 4, 2019	Listed by KELLER WILLIAMS BEVERLY HILLS REALTY	$460,000
Listed by KELLER WILLIAMS BEVERLY HILLS REALTY

Property Highlights

Building Info

Overview

General

Bedroom Count: 0

Basement Area: 0
Parking Space Count: 0

Dimensions

Lot Size Square Feet: 6,047

Total Building Area: 0
Building Area: 0

Heating and Cooling

Air Conditioning: unknown

Heating: unknown
Heating Fuel Type: unknown

Utilities

Sewer System: unknown

Water Service: unknown

Building

Property Class: unknown

Subdivision: LORETTA TRACT
Land Acres: 0.139
Legal Description 1: LORETTA TRACT EX OF ST LOT/SEC 25

Ownership

Current Owner : RADIUS PROPERTIES CA LLC

Previous Owner : M3 DEVELOPMENT LLC
Owner Before Previous Owner: HACKETT VIVIAN D
Owner Before Previous Owner 2: THE ESTATE OF JOHN CURTIS BALD
Current Owner Is a Corporation Indicator: Yes

Neighborhood

School District Name: Los Angeles Unified School District

Census Tract: 237800

Zoning

Zoning: LAC2

Geography

Assessors Map Reference: 51-F5

Parcel: 6019-011-001
Lot: 25
Municipality: WEST /SO LOS ANGELES
Latitude: 33.9743
Longitude: -118.296

Address

Full Address: 1162 W Florence Ave

Address - House Number: 1162
Street Direction: W
Address - Street Name: Florence
Address - Suffix Type: Ave
State: CA
City Name: Los Angeles
Carrier Code: C003
4-Digit Zip Code: 2508
Zip Code: 90044

Valuation

Tax

Tax Year: 2022

Tax Amount: $6,530
Intital Tax Deliquent Year: 2019
Tax Rate Code Area: 00-204

Open Liens

Total Open Liens: 1

Total Open Liens Amount: $330,000
First Open Lien Mortgage Lender: MOSTAFA ZARINAM LIVING TRUST F
First Open Lien Mortgage Recording Date: May 13, 2020
First Open Lien Mortgage Loan Amount: $330,000
First Open Lien Mortgage Term: 360
First Open Lien Mortgage Position: 1
First Open Lien Mortgage Loan Type: unknown
First Open Lien Mortgage Loan Due Date: May 13, 2050

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $557,122
Assessed Land Value: $557,122

Sales

Current Sale Contract Date: Apr 28, 2020

Current Sale Recording Date: May 13, 2020
Current Sale Transaction ID: 11760081912
Current Sale Price: $530,000
Current Sale Document Type: unknown
Current Sale Input Document Number: 20-0524582
Previous Sale Recording Date: Aug 06, 2019
Previous Sale Contract Date: Jul 15, 2019
Previous Sale Amount: $450,000
Previous Sale Document Type: unknown

Last Sale Mortgage

First Mortgage Lender: MOSTAFA ZARINAM LIVING TRUST F

First Mortgage Transaction Date: May 13, 2020
First Mortgage Loan Amount: $330,000
First Mortgage Terms: 360
First Mortgage Loan Type: unknown

Redact Ownership Info

Comparables

1306 West 83rd Street

In Contract

Other

Loft

1,225 ft²

$531/ft²

$650,000 Feb 5, 2024

1655 West Florence Avenue

Active

Commercial

Loft

1,574 ft²

$429/ft²

$675,000 Mar 15, 2024

940 West 76th Street

Active

Other

Loft

2,193 ft²

$308/ft²

$675,000 Feb 14, 2024

1253 West 65th Street

Active

Other

Loft

1,708 ft²

$351/ft²

$599,000 Apr 8, 2024

7806 South Denker Avenue

Active

House

3 Beds

1 Bath

1,115 ft²

$588/ft²

$656,110 Apr 26, 2024

7920 South Normandie Avenue

Active

House

3 Beds

2 Baths

1,155 ft²

$563/ft²

$650,000 Apr 17, 2024

1001 West 78th Street

In Contract

House

3 Beds

2 Baths

1,260 ft²

$531/ft²

$669,000 Apr 13, 2024

827 West 65th Street

Active

Multifamily

4 Beds

3 Baths

1,916 ft²

$352/ft²

$675,000 Feb 23, 2024

1132 West Florence Avenue

Active

House

3 Beds

2 Baths

1,040 ft²

$601/ft²

$625,000 Jan 22, 2024

905 West 75th Street

Active

House

2 Beds

1 Bath

812 ft²

$825/ft²

$670,000 Apr 22, 2024

1606 West 69th Street

In Contract

House

3 Beds

2 Baths

1,177 ft²

$527/ft²

$619,900 Jan 30, 2024

1438 West 69th Street

Active

House

3 Beds

1 Bath

1,205 ft²

$515/ft²

$620,000 Mar 14, 2024

About South LA

Stats & Trends

Median Asking:

$789,000

Sale Price/ft²

$540

Below Asking

0.02%

Average Days on Market

Average Home Size

2109 ft²

Average Home Age

89.5 years

Currently For Sale

216 Listings

Similar Homes for Sale

Unit for sale at 1438 West 69th Street, Los Angeles, CA 90047

$620,000

3 Beds
1 Bath
1,205 ft²

1438 West 69th Street, Los Angeles, CA 90047 Listing by Natashia Jefferson

Unit for sale at 905 West 75th Street, Los Angeles, CA 90044

$670,000

2 Beds
1 Bath
812 ft²

905 West 75th Street, Los Angeles, CA 90044 Listing by Brandon Castillo

Unit for sale at 1132 West Florence Avenue, Los Angeles, CA 90044

$625,000

3 Beds
2 Baths
1,040 ft²

1132 West Florence Avenue, Los Angeles, CA 90044 Listing by Ronald G Jackson

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Nearby Rentals

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$1,650 /mo

1 Bed
1 Bath
900 ft²

6101 S Hobart Boulevard, Los Angeles, CA, 90047 Listing by Erich Kroy

Unit for rent at 6105 S Hobart Boulevard, Los Angeles, CA, 90047

$1,650 /mo

1 Bed
1 Bath
460 ft²

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View Original Listing by KELLER WILLIAMS BEVERLY HILLS REALTY (310) 432-6400
AWCA-24-367367 Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Listing Status: Active

Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.

1162 W Florence Ave

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Ownership

Neighborhood

Zoning

Geography

Valuation

Comparables

About South LA

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions