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1848 Workman St, Los Angeles, CA 90031
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1848 Workman St Los Angeles, CA 90031

$1,250,000 Sold Price as of 02/16/2021
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$1,250,000 Sold Price as of 02/16/2021 Refinance Your Mortgage
Map preview of 1848 Workman St, Los Angeles, CA 90031

Property Overview: 1848 Workman St Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 9,099 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: On offer is an 18 Unit Development Opportunity in the quickly changing Lincoln Heights neighborhood of Los Angeles, within an Opportunity Zone! The property has been Ellis'd and a Buyer can continue the 18 Unit Entitlement work started by the Seller and with a Demo Permit in the Clearance Stage. The Project would have two Affordable Units (one Extremely Low & one Very Low Income Unit). The oversized 9,099 SF R3-1 Tier 1 lot has 55 feet of frontage allowing for simpler designs to max the parking scenario if a Buyer were interested in doing a smaller project for ease, speed & economy. With LAC+USC Medical Center a few blocks to the south, the LA Brewery Artist Colony to the west, this location is quickly becoming a premier neighborhood. Solar Panels are not included in the sale.

Listed by Dario Svidler | BRE #01884474 | Compass
Co-listed by Zach Krasman | BRE #01814990 | Compass
Last checked: 3 minutes ago | Last updated: August 10th, 2022 | Source CRMLS | DOM: 1

Home details

Lot Sq. Ft
9,099
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
21676962
City
Los Angeles
County
Los Angeles
Time on Site
1213 days

Property Details for 1848 Workman St

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • Parcel Number: 5210008011
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Just south of Main St. and East of the 5 Freeway
View more facts & features

Local Los Angeles Agent

Sale History for 1848 Workman St

Last sold for $1,250,000 on February 16th, 2021

  • February, 2021

  • Feb 16, 2021

    Date

    Sold

    CRMLS: 21677484

    $1,250,000

    Price

  • Jan 26, 2021

    Date

    Pending

    CRMLS: 21677484

    $1,095,000

    Price

  • Jan 7, 2021

    Date

    Active

    CRMLS: 21677484

    $1,095,000

    Price

  • Listing provided courtesy of CRMLS

    On offer is a Duplex (consisting of two house) that has been removed from the rental market through the Ellis Act. Units were vacant at time of Ellis Act Removal. Property is in an Opportunity Zone. Zoning allows for an 18 Unit Development Opportunity in the quickly changing Lincoln Heights neighborhood of Los Angeles. A Buyer can reverse the removal from the rental market or can continue the 18 Unit Entitlement work (with 2 affordable units) started by the Seller and with a Demo Permit in the Clearance Stage. The oversized 9,099 SF R3-1 Tier 1 lot has 55 feet of frontage allowing for simpler designs to max the parking scenario if a Buyer were interested in doing a smaller project for ease, speed & economy. With LAC+USC Medical Center a few blocks to the south, the LA Brewery Artist Colony to the west, this location is quickly becoming a premier neighborhood. Solar Panels have been removed. Zimas lists 3 units. HCIDLA lists 2 units. Sold as-is, where is. Value is in the land.

  • February, 2021

  • Feb 16, 2021

    Date

    Sold

    CRMLS: 21676962

    $1,250,000

    Price

  • Jan 26, 2021

    Date

    Pending

    CRMLS: 21676962

    $1,095,000

    Price

  • Jan 6, 2021

    Date

    Active

    CRMLS: 21676962

    $1,095,000

    Price

  • February, 2021

  • Feb 16, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,250,000

    Price

  • November, 2020

  • Nov 17, 2020

    Date

    Canceled

    CRMLS: 20627808

    $1,195,000

    Price

  • Nov 16, 2020

    Date

    Price Change

    CRMLS: 20627808

    $1,195,000

    Price

  • Nov 16, 2020

    Date

    Price Change

    CRMLS: 20627808

    $1,145,000

    Price

  • Sep 3, 2020

    Date

    Active

    CRMLS: 20627808

    $1,195,000

    Price

  • Listing provided courtesy of CRMLS

    Opportunity Zone! On offer is an 18 Unit Condo Development Opportunity in the quickly changing Lincoln Heights neighborhood of Los Angeles. The property has been Ellis'd and a Buyer can continue the 18 Unit Entitlement work started by the Seller; the Seller has invested over $70,000 in Arch. & Eng. and around $8,000 in City Fees, with a Demo Permit in Clearance Stage. The Project would have two Affordable Units (one Extremely Low & one Very Low Income Unit). The oversized 9,099 SF R3-1 Tier 1 lot has 55 feet of frontage allowing for simpler designs to max the parking scenario if a Buyer were interested in doing a smaller project for ease, speed & economy. With LAC+USC Medical Center a few blocks to the south, the LA Brewery Artist Colony to the west, this location is quickly becoming a premier neighborhood. Solar Panels are not included in the sale. Property can be purchased in a package with 1837 Workman St - auplex R3-1 Tier 1 with 7,500 SF lot across the street priced at $995,000.

  • July, 2019

  • Jul 26, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2019

  • May 30, 2019

    Date

    Sold

    CRMLS: PW18257433

    $700,000

    Price

  • Feb 26, 2019

    Date

    Pending

    CRMLS: PW18257433

    $800,000

    Price

  • Feb 11, 2019

    Date

    Active

    CRMLS: PW18257433

    $800,000

    Price

  • Jan 11, 2019

    Date

    Hold

    CRMLS: PW18257433

    $800,000

    Price

  • Oct 24, 2018

    Date

    Active

    CRMLS: PW18257433

    $800,000

    Price

  • Listing provided courtesy of CRMLS

    TRIPLEX, TRIPLEX, TRIPLEX PROPERTY!!! Property is located in the heart of Los Angeles that it's closed to Downtown, Chinatown, Montecito Hights and Liconcoln Heights. Easy access to the 5fwy, 10fwy and 60 freeway. Property has solar panels *GREAT INVESTMENT OPPORTUNITY*

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Tax History for 1848 Workman St

Assessed Value (2020): $714,000
Year Land Value Improved Value Assessed Value
2020 $499,800 $214,200 $714,000

Home Value Compared to the Market

This property vs the competition

1848 Workman St sold on February 16, 2021 for 7.98% lower than the current median sold price for the city of Los Angeles which is $1,190,000.

About 1848 Workman St

Detailed summary of property

1848 Workman St is a land that recently sold in Los Angeles, CA 90031. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 9,099 square foot lot. 1848 Workman St was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,250,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 7.98% lower than the current median priced home. Local homes that are currently for sale include 5306 Oakland St, 312 N Coronado St and 415 N La Fayette Park Pl. While the average home in Los Angeles, CA is selling in 92 days, 1848 Workman St has a days on market of 1 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1848 Workman St Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1848 Workman St

Public county record property details
Beds
6
Baths
4
Year built
1917
Sq. Ft.
3,242
Lot Size
9,100
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
5210-008-011

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$899,000
Median List Price/Sq.Ft.
$661
Median Sold Price
$800,000
Median Sold Price/Sq.Ft.
$638
Total Inventory
36
Median Sale to List Price %
100%
Avg Days on Market
23
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (36.36%), Other (18.18%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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