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4318 S Kansas Ave, Los Angeles, CA 90037
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4318 S Kansas Ave Los Angeles, CA 90037

$2,000,000 Sold Price as of 08/05/2019
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$2,000,000 Sold Price as of 08/05/2019 Refinance Your Mortgage
Map preview of 4318 S Kansas Ave, Los Angeles, CA 90037

Property Overview: 4318 S Kansas Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 18,000 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Amazing opportunity to acquire an 18,000 square foot site with permits already issued to build 22 market rate units, with a unit mix of all two-bedroom/two-bathroom units. The project calls for a total of 44 parking spaces on the ground floor thereby allowing significant construction cost savings for the builder by avoiding going subterranean. At an asking price of only $122 per square foot of land, and less than $100,000 per buildable door for a unit-mix of all 2-br units on a project that is ready to break ground immediately, this is a phenomenal opportunity. Alternatively, one can draw up their own plans to build up to 42 units utilizing the new Transit Oriented Communities (TOC) guidelines given the property's tier 3 classification which allows for a 80% bonus and ZERO parking required if units will be "100% affordable". Less than $53,000 per buildable door!!! Can also build up to 40 units with only 5 being affordable and 0.5 required parking spaces per unit. OPPORTUNITY ZONE!

Listed by Ardy Ishal | BRE #01769601 | BRC Advisors- BH
Last checked: 4 minutes ago | Last updated: September 18th, 2021 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
18,000
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
19485790
City
Los Angeles
County
Los Angeles
Time on Site
1205 days

Property Details for 4318 S Kansas Ave

Lot Details / Garage and Parking
Property Information
  • Has View
  • View: See Remarks
  • Parcel Number: 5020025014
View more facts & features

Local Los Angeles Agent

Sale History for 4318 S Kansas Ave

Last sold for $2,000,000 on August 5th, 2019

  • August, 2019

  • Aug 5, 2019

    Date

    Sold

    CRMLS: 19485790

    $2,000,000

    Price

  • Jul 31, 2019

    Date

    Pending

    CRMLS: 19485790

    $2,199,000

    Price

  • Jul 8, 2019

    Date

    Active

    CRMLS: 19485790

    $2,199,000

    Price

  • July, 2019

  • Jul 31, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,000,000

    Price

  • July, 2019

  • Jul 8, 2019

    Date

    Canceled

    CRMLS: 18413018

    $2,199,000

    Price

  • Jul 3, 2019

    Date

    Active

    CRMLS: 18413018

    $2,199,000

    Price

  • Apr 3, 2019

    Date

    Active Under Contract

    CRMLS: 18413018

    $2,199,000

    Price

  • Jan 9, 2019

    Date

    Price Change

    CRMLS: 18413018

    $2,199,000

    Price

  • Dec 4, 2018

    Date

    Active

    CRMLS: 18413018

    $2,699,000

    Price

  • Listing provided courtesy of CRMLS

    Amazing opportunity to acquire an 18,000 square foot development site with permits already issued to build 22 market rate units, with a unit mix of all two-bedroom/two-bathroom units. The project calls for a total of 44 parking spaces on the ground floor thereby allowing significant construction cost savings for the builder by avoiding going subterranean. At an asking price of only $122 per square foot of land, and less than $100,000 per buildable door for a unit-mix of all 2-bedroom units on a project that is ready to break ground immediately, this is a phenomenal opportunity for a developer/builder. Also, this property is in an Opportunity Zone!!!

  • November, 2018

  • Nov 30, 2018

    Date

    Canceled

    CRMLS: 18405244

    $3,099,000

    Price

  • Nov 7, 2018

    Date

    Active

    CRMLS: 18405244

    $3,099,000

    Price

  • Listing provided courtesy of CRMLS

    Amazing opportunity to acquire an 18,000 square foot development site with permits already issued to build 22 market rate units, with a unit mix of all two-bedroom/two-bathroom units. The project calls for a total of 44 parking spaces on the ground floor thereby allowing significant construction cost savings for the builder by avoiding going subterranean. Alternatively, one can draw up their own plans to build up to 40 units (5 low-income) utilizing the new Transit Oriented Communities (TOC) guidelines given the property's tier 3 classification which allows for a 70% density bonus, only 0.5 parking spaces per unit (only 20 required parking spaces if one wants to build 40 units), and other incentives. At an asking price of only $172 per square foot of land, this is a phenomenal opportunity for a developer/builder.

  • January, 2015

  • Jan 15, 2015

    Date

    Sold (Public Records)

    Public Records

    $500,000

    Price

Show More

Tax History for 4318 S Kansas Ave

Assessed Value (2020): $2,000,000
Year Land Value Improved Value Assessed Value
2020 $1,020,000 $980,000 $2,000,000

Home Value Compared to the Market

This property vs the competition

4318 S Kansas Ave sold on August 5, 2019 for 84.79% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 4318 S Kansas Ave

Detailed summary of property

4318 S Kansas Ave is a land that recently sold in Los Angeles, CA 90037. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 18,000 square foot lot. 4318 S Kansas Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,000,000. 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 84.79% higher than the current median priced home. Local homes that are currently for sale include 425 N Lake St, 339 N Virgil Ave and 2000 Clyde Ave. While the average home in Los Angeles, CA is selling in 96 days, 4318 S Kansas Ave has a days on market of 22 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 4318 S Kansas Ave Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4318 S Kansas Ave

Public county record property details
Beds
14
Baths
7
Year built
1923
Sq. Ft.
6,533
Lot Size
17,999
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
--
APN
5020-025-014

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$725,000
Median List Price/Sq.Ft.
$562
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
33
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

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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