Check Availability
$6,500,000
Land - For Sale

4155 Wilshire Blvd

Los Angeles, CA 90010
bedrooms
Studio
bathrooms
0 Bath
$31,917
Estimated Monthly
$0
HOA / Fees

About This Property

We are proud to present for sale a development opportunity in prime Los Angeles' Windsor Square neighborhood - that vacant lot on Wilshire Blvd. that you have been driving past for years wondering, why don't they build something there?!  Well, now is your chance!  The opportunity consists of a 22,377 SF lot zoned CR(PKM)-1 in a Tier 3 TOC area with direct street access on three sides of the lot.  The property falls under the General Commercial designation in the General Plan, allowing for R4 density!  Or go for Unlimited Density by utilizing State Density Laws with 100% Affordable Housing.  The property is subject to the Park Mile Specific Plan.  Build 55+/- Units by Right with AB2334, or up to 110+/- Units by Density Bonus!  Go with a strictly 100% Affordable Housing Project to maximize density.  The location qualifies for SAFMR Tier 2 rents.  Next to Koreatown and across the street from the gorgeous Los Altos apartment building and half a mile to the Metro (D) Purple Line Station, this property is located in a high demand area that is soon to have easy access to the Metro Line that will take future tenants towards Westwood, as it now already takes them to Downtown.  AB1287 may provide up to a 100% increase in density, provided that 15% of the base density is set aside for Very-Low Income Tenants and 15% of base density is set aside for Moderate Income Tenants.  No tenants, no Ellis, no RSO, the property is ready for it's next role in life, and ready to become the go-to spot for all different tenant types out there!
Unit Size
-
Days on Market
82 days
Land Size
0.51 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-
Last updated: 2 months ago (CLAWCA #358203)

Price History

Date / Event Date Event Price
Feb 14, 2024 Listed by KELLER WILLIAMS BEVERLY HILLS REALTY $6,500,000
Listed by KELLER WILLIAMS BEVERLY HILLS REALTY
May 11, 2022 No longer available -
No longer available
Oct 12, 2021 No longer available -
No longer available
Sep 29, 2021 Sold $4,180,000
Sold
Jun 30, 2021 In contract -
In contract
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 22,377
  • 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: 1390
  • Land Acres: 0.514
  • Legal Description 1: TRACT # 1390 EX OF STS LOT/SEC 162

Ownership

  • Current Owner : YUE FUNG HOLDING INC
  • Previous Owner : EASTERN PRESBYTERIAN CHURCH
  • Owner Before Previous Owner: 4141 WILSHIRE BOULEVARD ASSOCIATES LP
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 211802

Zoning

  • Zoning: LACR(PKM)

Geography

  • Assessors Map Reference: 43-D2
  • Subdivision Tract Number: 1390
  • Parcel: 5504-009-017
  • Lot: 162
  • Municipality: HALL OF ADMIN/WIL/MIRACLE MI.
  • Latitude: 34.062
  • Longitude: -118.318

    Address

  • Full Address: 4155 Wilshire Blvd
  • Address - House Number: 4155
  • Address - Street Name: Wilshire
  • Address - Suffix Type: Blvd
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C059
  • 4-Digit Zip Code: 3566
  • Zip Code: 90010

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $50,049
  • Tax Rate Code Area: 00-067

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: LEI BINBIN
  • First Open Lien Mortgage Recording Date: Aug 01, 2023
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • 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: Aug 01, 2053
  • First Open Lien Mortgage Private Lender: T

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,263,600
  • Assessed Land Value: $4,263,600

    Sales

  • Current Sale Contract Date: Sep 16, 2021
  • Current Sale Recording Date: Sep 29, 2021
  • Current Sale Transaction ID: 11857382162
  • Current Sale Price: $4,180,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 21-1484573
  • Previous Sale Recording Date: Jan 28, 2003
  • Previous Sale Contract Date: Jan 10, 2003
  • Previous Sale Amount: $1,850,000
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN CONTINENTAL BANK
  • First Mortgage Transaction Date: Sep 29, 2021
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown

    Previous Mortgages

  • Previous Mortgage Lender: NARA BANK NA
  • Previous Mortgage Transaction Date: Jan 28, 2003
  • Previous Mortgage Loan Amount: $550,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: unknown

Comparables

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

About Central LA


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Frequently Asked Questions

When was property at 4155 Wilshire Boulevard built and last sold?
The property at 4155 Wilshire Boulevard was built in and last sold on Sep 16, 2021 for $4,180,000.
How much is this home worth?
The estimated value of the home located at 4155 Wilshire Boulevard is $6,565,000.
What are some comparable homes to 4155 Wilshire Boulevard?
There are currently no comparable homes to 4155 Wilshire Boulevard.

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