See Home Value
$3,506,000 - $4,284,000
Land - Off Market

1325 N June St

Los Angeles, CA 90028
bedrooms
Studio
bathrooms
0 Bath
Sold Apr 29, 2022
$975,000

About This Property

We are excited to present an exceptional ready-to-issue (RTI) three-lot assemblage at 1323, 1325, and 1331 N June St. The lots host a single-family dwelling (SFD) with a spacious backyard, a triplex composed of bungalow units, and a duplex with a large concrete-paved area in the back. This strategic investment offers significant growth potential in a flourishing community with enormous upside. Plans call for the addition of 6 units, 22 bedrooms, and 16 bathrooms. The SFD will be renovated and converted from a 1-bedroom, 1-bathroom to a 4-bedroom, 3-bathroom with 622 added square feet. Furthermore, an infill development will be erected behind it composed of three units: two 1,684 SF 4-bedroom, 3-bathroom townhomes and one 1,479 SF 3-bedroom, 2-bathroom ADU. While there are **no plans currently in place for the triplex lot,** the large bungalows present great potential upside. Bedrooms and bathrooms can potentially be added to the existing units with added square footage (Buyer to conduct their own feasibility studies). The existing duplex will be renovated and one of the units will be converted from a 921.5 SF 1-bedroom, 1-bathroom unit to a 2-bedroom, 2-bathroom unit. Additionally, an infill development will be erected behind it composed of three units: two approximately 1,550 SF 4-bedroom, 3-bathroom townhomes and one 1,286 SF 3-bedroom, 2-bathroom ADU. There are **no plans currently in place to convert the 2nd duplex unit** as it is tenant occupied. The surrounding neighborhood is a vibrant blend of cultural diversity, offering a dynamic mix of residential and commercial properties primarily in the entertainment industry such as Paramount Pictures, Viacom, and the growing Netflix campus. It boasts strong connectivity with excellent public transportation links and proximity to key amenities like schools, hospitals, parks, and the bustling retail district just north of the site spanning the Hollywood Walk of Fame. The area sees strong demand for real estate, fueled by ongoing urban revitalization and high economic growth guaranteeing increasing rental income and property value for years to come. This development site, complete with RTI plans, is primed for lucrative returns in this burgeoning neighborhood.
Unit Size
-
Days on Market
-
Land Size
0.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1925

Price History

Date / Event Date Event Price
Jan 18, 2024 No longer available -
No longer available
Aug 29, 2023 Price Increased $3,895,000
↑ $3M (211.6%)
Price Increased
Aug 29, 2023 Price Decreased $1,250,000
↓ $100K (7.4%)
Price Decreased
Aug 17, 2023 Price Decreased $1,350,000
↓ $3M (67.4%)
Price Decreased
Aug 15, 2023 Listed $4,140,000
Listed
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 3
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Style: Triplex
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,646
  • Total Building Area: 3,088
  • Building Area: 3,088
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Floor/wall
  • Heated Square Feet: 3,088
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 2962
  • Land Acres: 0.153
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: TRACT NO 2962 LOT/SEC 25

Ownership

  • Current Owner : HOLLYWOOD NORTH LP
  • Previous Owner : KNECHT LIVING TRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 190702

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 34-C4
  • Subdivision Tract Number: 2962
  • Parcel: 5547-030-015
  • Lot: 25
  • Municipality: WEST /HOLLYWOOD
  • Latitude: 34.0952
  • Longitude: -118.335

    Address

  • Full Address: 1325 N June St
  • Address - House Number: 1325
  • Street Direction: N
  • Address - Street Name: June
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C022
  • 4-Digit Zip Code: 7810
  • Zip Code: 90028

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,467
  • Tax Rate Code Area: 00-200

    Appraisal Valuation

  • Standard Deviation: 0.0677
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 96
  • Final Value: 3,949,728
  • High Value: 4,217,369
  • Low Value: 3,682,086

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,264,800
  • Assessed Land Value: $918,000
  • Assessed Improvements Value: $346,800

    Sales

  • Current Sale Contract Date: Apr 26, 2022
  • Current Sale Recording Date: Apr 29, 2022
  • Current Sale Transaction ID: 11886375094
  • Current Sale Price: $975,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 471276



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
1.5 Baths
2,498 ft²
$1,599/ft²
$3,995,000 Jul 17, 2023
-
-
House
6 Beds
5.5 Baths
4,080 ft²
$1,127/ft²
$4,600,000 Jan 11, 2023
-
-
House
8 Beds
7.5 Baths
5,989 ft²
$601/ft²
$3,599,000 Aug 4, 2023
-
-
House
5 Beds
6 Baths
4,795 ft²
$719/ft²
$3,449,000 May 18, 2023
-
-
House
5 Beds
6 Baths
5,345 ft²
$645/ft²
$3,445,000 May 17, 2023
-
-

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Frequently Asked Questions

When was property at 1325 North June Street built and last sold?
The property at 1325 North June Street was built in 1925 and last sold on Apr 26, 2022 for $975,000.
How much is this home worth?
The estimated value of the home located at 1325 North June Street is $3,933,950.
What are some comparable homes to 1325 North June Street?
Homes that are comparable to 1325 North June Street include a house property at 1960 Hillcrest Road, 430 North Highland Avenue, 823 North Citrus Avenue.

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