4537 Santa Monica Blvd Los Angeles, CA 90029

$2,300,000 Sold Price as of 11/21/2018

-- Beds
-- Baths
4,390 Sq.Ft.

Off Market

$2,300,000 Sold Price as of 11/21/2018 Refinance Your Mortgage

Map preview of 4537 Santa Monica Blvd, Los Angeles, CA 90029

Property Overview: 4537 Santa Monica Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 4,390 living square feet and 7,515 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

4537 Santa Monica Blvd 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 $1,200,000. The median price per/sqft for Los Angeles is $771. 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 $240,000 for the down payment and will need roughly $24,000 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 $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 4537 Santa Monica Blvd

Last sold for $2,300,000 on November 21st, 2018

April, 2024
Apr 10, 2024

Date

Canceled

CRMLS: 23330333

$2,195,000

Price
Nov 8, 2023

Date

Active

CRMLS: 23330333

$2,350,000

Price
Listing provided courtesy of CRMLS

We are pleased to present a 9,986 square foot redevelopment site located at 4541-4545 Santa Monica Boulevard in Los Angeles, California. The subject property is situated in a prime Virgil Village location two (2) blocks away from Silver Lake, west of Virgil Avenue and north of Santa Monica Boulevard. This offering is positioned on two (2) parcels totaling 9,986 square feet (SF) of land with a zoning ordinance of LAC2-1D where the D suffix is a limitation to the buildable area of the lot, and for conformance to the Vermont/Western Station Neighborhood Area Plan (SNAP). Tier 3 TOC allows the current plans to feature twenty-three (23) total units. Additionally, the TOC bonus incentives allow for a 72ft height limit, an increase to the transitional height, a reduction to open space, and a front step back height increase. With TOC incentives, a developer has the option to build up to forty-three (43) residential units. Positioned in a prime Virgil Village location two (2) blocks away from Silver Lake, this offering presents a rare opportunity for an astute developer to capitalize on redeveloping a vacant laundromat utilizing ED1 or TOC.

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May, 2021
May 7, 2021

Date

Active

CRMLS: 21728208

$3,800,000

Price
Listing provided courtesy of CRMLS

PRICE REDUCTION!!!!! We are proud to present this new Ready to Issue (RTI) mixed-use development located in the trendy neighborhood of Silver Lake. This is an excellent TOC 3 development site totaling +/-34,000 square feet situated on a 9,986 square foot lot. The building features 23 mostly two bedroom residential units with an average size of 755 sq.ft. +/6,000 sq ft of retail space makes this property ideal for multiple neighborhood uses! This project is also projected to produce an annual gross operating income of $1,080,792. Amenities include a pool, a fitness center, conference rooms, a rooftop deck equipped with barbeques and wonderful views.

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February, 2021
Feb 27, 2021

Date

Expired

CRMLS: 20610616

$1

Price
Jan 27, 2021

Date

Withdrawn

CRMLS: 20610616

$1

Price
Dec 3, 2020

Date

Price Change

CRMLS: 20610616

$1

Price
Dec 1, 2020

Date

Hold

CRMLS: 20610616

$3,900,000

Price
Oct 27, 2020

Date

Price Change

CRMLS: 20610616

$3,900,000

Price
Jul 30, 2020

Date

Active

CRMLS: 20610616

$5,200,000

Price
Listing provided courtesy of CRMLS

Welcome to 4537-4545 S. Santa Monica Blvd., a Ready to Issue (RTI) mixed-use development located in the trendy Virgil Village neighborhood of East Hollywood. The subject offering presents an investor with an excellent TOC 3 development site totaling +/-34,000 square feet situated on a 9,986 square foot lot. The building features 23 mostly two bedroom residential units with an average size of 755 square feet. +/-6,000 square feet of retail space makes this property ideal for multiple neighborhood uses. This project is also projected to produce an annual gross operating income of $1,080,792. The property is just one block from the corner of Santa Monica Blvd. and Virgil Avenue.

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November, 2018
Nov 23, 2018

Date

Sold

CRMLS: PW18148143

$2,550,000

Price
Oct 16, 2018

Date

Pending

CRMLS: PW18148143

$2,500,000

Price
Sep 22, 2018

Date

Active

CRMLS: PW18148143

$2,500,000

Price
Sep 19, 2018

Date

Pending

CRMLS: PW18148143

$2,500,000

Price
Jun 21, 2018

Date

Active

CRMLS: PW18148143

$2,500,000

Price
Listing provided courtesy of CRMLS

Coin- Operated Laundry in a densely populated Silverlake area with ample parking and loyal customers, Wascomat Machines.Laundry business generates approx. $35,000 gross and $17,000 net each month. 4537-4545 Santa Monica and existing coin operated Laundry business are included in the sale. Potential development site current commercial zoning could also accommodate up to 12 residential units. Corner location at Santa Monica Blvd. and Westmoreland Ave.

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November, 2018
Nov 23, 2018

Date

Sold

CRMLS: PW18148102

$2,550,000

Price
Oct 16, 2018

Date

Pending

CRMLS: PW18148102

$2,500,000

Price
Sep 22, 2018

Date

Active

CRMLS: PW18148102

$2,500,000

Price
Sep 19, 2018

Date

Pending

CRMLS: PW18148102

$2,500,000

Price
Jun 21, 2018

Date

Active

CRMLS: PW18148102

$2,500,000

Price
Listing provided courtesy of CRMLS

4537-4545 Santa Monica and existing coin operated Laundry business are included in the sale. Laundry business generates approx. $35,000 gross and $17,000 net each month. Potential development site current commercial zoning could also accommodate up to 12 residential units. Corner location at Santa Monica Blvd. and Westmoreland Ave. in the exciting Silverlakes area.

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November, 2018
Nov 21, 2018

Date

Sold (Public Records)

Public Records

$2,300,000

Price
June, 2017
Jun 9, 2017

Date

Sold (Public Records)

Public Records

$1,960,000

Price

Tax History for 4537 Santa Monica Blvd

Assessed Value (2020): $1,861,500

Year	Land Value	Improved Value	Assessed Value
2020	$1,275,000	$586,500	$1,861,500

About 4537 Santa Monica Blvd

Detailed summary of property

4537 Santa Monica Blvd is categorized with a use code of Service Shop (Tv, Radio, Electric, Plumbing) in Los Angeles, CA 90029 and last sold on November 21, 2018 for $2,300,000. This property has -- bedrooms, -- bathrooms, roughly 4,390 living square feet, and sits on an approximately 7,515 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 105.36% higher than the current median priced home. 4537 Santa Monica Blvd was last sold on November 21, 2018 for $2,300,000. Local nearby listings include 1264 Hyperion, 1262 Hyperion Ave and 4121 Clayton Ave. The average home in Los Angeles, CA is selling in 106 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. If you are the homeowner and looking to sell the home at 4537 Santa Monica Blvd Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4537 Santa Monica Blvd

Public county record property details

Beds: --
Baths: --
Year built: 1924
Sq. Ft.: 4,390
Lot Size: 7,515
Stories: 1

Type: Service Shop (Tv, Radio, Electric, Plumbing)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1-3
APN: 5542-026-044

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,058,000

Median List Price/Sq.Ft.

$705

Median Sold Price

$672,500

Median Sold Price/Sq.Ft.

$724

Total Inventory

Median Sale to List Price %

105.24%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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(714) 706-1823

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