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616 N Juanita Ave, Los Angeles, CA 90004
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616 N Juanita Ave Los Angeles, CA 90004

$2,300,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$2,300,000 Get Pre-Qualified
Map preview of 616 N Juanita Ave, Los Angeles, CA 90004

Property Overview: 616 N Juanita Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 15,003 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This is a prime multifamily development opportunity at 612-616 N Juanita Ave in East Hollywood, Los Angeles. This double lot spans 15,003 square feet, zoned R3-1 in a Tier 3 TOC area, and is strategically locatedPriced at $153 per square foot, the property allows for the development of 19 units by right or up to 38 units utilizing the TOC density bonus. Preliminary plans include a 38-unit project featuring a mix of one- and two-bedroom units with subterranean parking. Developers can also explore eliminating612-616 N Juanita Avenear N Vermont Ave and Melrose Ave with easy access to the 101 Freeway. The site is centrally positioned close to Koreatown, Westlake, Silver Lake, and Downtown LA, with a high Walk Score of 90, ensuring proximity to public transportation and local amenities.parking requirements via AB 2097 or pursue unlimited density with a 100% affordable housing project under AB 2345. The property will be delivered vacant with structures already demolished, ready for immediate development. This opportunity provides a valuable chance to build in a sought-after LA neighborhood with various incentives to maximize project potential. Parcels: 5539-023-015 & 5539-023-014

Listed by Neema Ahadian | BRE #01346750 | Marcus & Millichap
Last checked: 4 minutes ago | Last updated: August 31st, 2024 | Source CRMLS | DOM: 33

Home details

Lot Sq. Ft
15,003
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
24434021
City
Los Angeles
County
Los Angeles
Time on Site
19 days

Open Houses for 616 N Juanita Ave

No upcoming open houses

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Property Details for 616 N Juanita Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Other
Property Information
  • No View
  • View: None
  • Parcel Number: 5539023015
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located just east of N Vermont Ave and south of Melrose Ave with easy access to the 101 Freeway.
View more facts & features

Local Los Angeles Agent

Sale History for 616 N Juanita Ave

Last sold for $1,000,000 on July 17th, 2023

  • August, 2024

  • Aug 16, 2024

    Date

    Active

    CRMLS: 24434021

    $2,300,000

    Price

  • July, 2023

  • Jul 17, 2023

    Date

    Sold

    CRMLS: 23271247

    $1,000,000

    Price

  • May 17, 2023

    Date

    Active

    CRMLS: 23271247

    $1,295,000

    Price

  • Listing provided courtesy of CRMLS

    Price just reduced - Virgil Village Opportunity Zone boarded up single family vacant home sold for land value - no history of occupancy available. . Gentle downslope at the front then flat 7502 square foot lot ( 50 x 150) zoned R3 and TOC Tier 3. Similar upslope parcel across the street has been approved for a 17-unit residential apartment building. Centrally located with easy access to subways, commuter rail & LACC. Virgil Village neighborhood near Melrose and Vermont with a thriving commercial corridor. Property may need approved building plans prior to demolition of current structure onsite. Probate sale with full authority by court appointed administrator. No court confirmation needed. Buyer to verify all details.

  • January, 2015

  • Jan 23, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 616 N Juanita Ave

Assessed Value (2020): $119,974
Year Land Value Improved Value Assessed Value
2020 $96,297 $23,677 $119,974

Home Value Compared to the Market

This property vs the competition

616 N Juanita Ave is listed 91.67% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000.

About 616 N Juanita Ave

Detailed summary of property

616 N Juanita Ave is a land located in Los Angeles, CA 90004 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 15,003 square foot lot. 616 N Juanita Ave was first listed on ArdentRealEstateGroup.com on August 31, 2024. The homeowner is currently asking $2,300,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 91.67% higher than the median priced home. Local competing homes currently for sale include 1449 N Bronson Ave, 1222 N Beachwood Dr and 1537 Cambria St. While the average home in Los Angeles, CA is selling in 106 days, 616 N Juanita Ave has a days on market of 33 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 616 N Juanita Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 616 N Juanita Ave

Public county record property details
Beds
2
Baths
1
Year built
1910
Sq. Ft.
741
Lot Size
7,502
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
5539-023-015

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,500,000
Median List Price/Sq.Ft.
$808
Median Sold Price
$790,000
Median Sold Price/Sq.Ft.
$601
Total Inventory
79
Median Sale to List Price %
95.18%
Avg Days on Market
39
Loan Type
Conventional (11.11%), FHA (0%), VA (0%), Cash (0%), Other (22.22%)

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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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