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2877 Francis Ave, Los Angeles, CA 90005
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2877 Francis Ave Los Angeles, CA 90005

$7,750,000 Sold Price as of 03/03/2020
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$7,750,000 Sold Price as of 03/03/2020 Refinance Your Mortgage
Map preview of 2877 Francis Ave, Los Angeles, CA 90005

Property Overview: 2877 Francis Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 27,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Presented for sale is a 4-Parcel Assemblage in prime Koreatown. With a combined lot size of 27,000 SF and R4-2 (Tier 3 TOC) zoning, this site perfectly lends itself to be a prime development opportunity. The buildings on the lot, which currently hold nine units, have already been Ellis'd and will be delivered vacant! Developers can build 67± units by right and 116± units using a TOC density bonus. The project site is situated just three blocks from the legendary Park's BBQ, positioned in the heart of Los Angeles' Koreatown District. Around the corner from the Metro Station at Wilshire and Vermont, this location provides residents with direct access to an abundance of public transit options, nightlife, restaurants, coffee shops and much more in this burgeoning K-Town pocket.

Listed by Dario Svidler | BRE #01884474 | Compass
Co-listed by Justin Ruder | BRE #02080759 | Compass
Last checked: 28 seconds ago | Last updated: September 29th, 2021 | Source CRMLS | DOM: 76

Home details

Lot Sq. Ft
27,000
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
19530128
City
Los Angeles
County
Los Angeles
Time on Site
1264 days

Property Details for 2877 Francis Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Parcel Number: 5077022059
Location / Neighborhood
Location Information
  • Directions: Koreatown - Between Wilshire and Olympic and between Vermont and Hoover.
View more facts & features

Local Los Angeles Agent

Sale History for 2877 Francis Ave

Last sold for $7,750,000 on March 3rd, 2020

  • March, 2020

  • Mar 5, 2020

    Date

    Sold

    CRMLS: 19530128

    $7,750,000

    Price

  • Feb 26, 2020

    Date

    Active Under Contract

    CRMLS: 19530128

    $8,450,000

    Price

  • Nov 14, 2019

    Date

    Active

    CRMLS: 19530128

    $8,450,000

    Price

  • October, 2019

  • Oct 16, 2019

    Date

    Canceled

    CRMLS: 18406092

    $8,200,000

    Price

  • Mar 25, 2019

    Date

    Price Change

    CRMLS: 18406092

    $8,200,000

    Price

  • Nov 9, 2018

    Date

    Active

    CRMLS: 18406092

    $8,800,000

    Price

  • Listing provided courtesy of CRMLS

    MAJOR PRICE REDUCTION!!!!!!Fully entitled development site for 81 Apartment units Exempt from "Linkage Fee" "Ready To Issue" for Building Permit at the close of escrow.Convenient / High demand Koreatown Location-mins to Downtown LA Convenient to all public transportation convenient to Restaurants and Shops including New ZION Market.BUILDING AMENITIES Conference Room, Recreational Room, Gym, Rooftop with a BBQ area, Fire Pit and Seating Area

  • February, 2015

  • Feb 27, 2015

    Date

    Sold (Public Records)

    Public Records

    $3,700,000

    Price

  • July, 2004

  • Jul 12, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2877 Francis Ave

Assessed Value (2020): $4,066,065
Year Land Value Improved Value Assessed Value
2020 $4,022,112 $43,953 $4,066,065

Home Value Compared to the Market

This property vs the competition

2877 Francis Ave sold on March 3, 2020 for 647.79% higher than the current median sold price for the city of Los Angeles which is $1,130,000.

About 2877 Francis Ave

Detailed summary of property

2877 Francis Ave is a land that recently sold in Los Angeles, CA 90005. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 27,000 square foot lot. 2877 Francis Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $7,750,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 647.79% higher than the current median priced home. While the average home in Los Angeles, CA is selling in 99 days, 2877 Francis Ave has a days on market of 76 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 2877 Francis Ave Los Angeles, CA 90005 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2877 Francis Ave

Public county record property details
Beds
22
Baths
10
Year built
1922
Sq. Ft.
11,518
Lot Size
26,999
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
17-20
APN
5077-022-059

The source for these homes facts are from public records.

90005 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$835,000
Median List Price/Sq.Ft.
$641
Median Sold Price
$699,000
Median Sold Price/Sq.Ft.
$692
Total Inventory
38
Median Sale to List Price %
82.33%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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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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