314 Douglas St Los Angeles, CA 90026

$575,000 Sold Price as of 03/30/2018

-- Beds
-- Baths
-- Sq.Ft.

Off Market

$575,000 Sold Price as of 03/30/2018 Refinance Your Mortgage

Map preview of 314 Douglas St, Los Angeles, CA 90026

Property Overview: 314 Douglas St Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 5,978 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

314 Douglas St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $247,000 for the down payment and will need roughly $24,700 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Los Angeles Agent

Sale History for 314 Douglas St

Last sold for $575,000 on March 30th, 2018

March, 2023
Mar 11, 2023

Date

Expired

CRMLS: SR22188493

$1,350,000

Price
Aug 26, 2022

Date

Active

CRMLS: SR22188493

$1,400,000

Price
Listing provided courtesy of CRMLS

This poised assemblage of five recorded small lots (totaling 5,718 SF of land) just outside of Downtown Los Angeles is uniquely oriented against both a 20’ side and 20’ rear alley affording it with significant access and spacing advantages unlike most interior sites of its size. The property will accommodate multiple potential development scenarios one of which being its current perfected and permitted entitlement of five (5) small lot homes. The site has been vacant land for well over 10 years. A much higher density development scenario (basic envelope depicted above) maximizing unit count under the current zoning could yield up to 29 units by taking base calc. (1:400) and applying the max TOC Tier 1 bonus of 50%. Assuming a qualification under SB 2097, the site could be developed with or without parking. Hence, a naturally occurring form of affordable housing could be conceived and delivered on the site. The seller has excavated the entire lot property line to property line to prove the non-existence of oil wells. The Department of Oil and Gas has issued an “Unfound Oil and Gas Wells” letter in 2022 which was used to garner the current RTI status for a 5 small lot project with LADBS. Additionally, this letter could likely be used to pursue permits under alternative possible development typologies for the site like the one described above. The site is being sold with current entitlements in hand including permit ready building plans for 5 SLO homes with park fees paid.

Continue Reading
March, 2018
Mar 30, 2018

Date

Sold (Public Records)

Public Records

$575,000

Price
March, 2014
Mar 25, 2014

Date

Sold (Public Records)

Public Records

$135,001

Price

Tax History for 314 Douglas St

Assessed Value (2020): --

Year	Land Value	Improved Value	Assessed Value
2020	$598,230	--	--

About 314 Douglas St

Detailed summary of property

314 Douglas St is categorized with a use code of Multi-Family-Vacant Land in Los Angeles, CA 90026 and last sold on March 30, 2018 for $575,000. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 5,978 square foot lot. Homes 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 51.68% lower than the current median priced home. 314 Douglas St was last sold on March 30, 2018 for $575,000. Local nearby listings include 800 W 1st St #2202, 800 W 1st St #1508 and 121 S Hope St #7. The average home in Los Angeles, CA is selling in 94 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. If you are the homeowner and looking to sell the home at 314 Douglas St Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 314 Douglas St

Public county record property details

Beds: --
Baths: --
Year built: --
Sq. Ft.: --
Lot Size: 5,978
Stories: --

Type: Multi-Family-Vacant Land
Pool: No
Spa: No
County: Los Angeles
Lot#: 2-3,7-8
APN: 5160-007-030

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,225,000

Median List Price/Sq.Ft.

$766

Median Sold Price

$1,450,000

Median Sold Price/Sq.Ft.

$817

Total Inventory

Median Sale to List Price %

105.92%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote