7038 W Sunset Blvd Los Angeles, CA 90028

$9,000,000 Sold Price as of 10/06/2017

-- Beds
-- Baths
9,511 Sq.Ft.

Off Market

$9,000,000 Sold Price as of 10/06/2017 Refinance Your Mortgage

Map preview of 7038 W Sunset Blvd, Los Angeles, CA 90028

Property Overview: 7038 W Sunset Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 9,511 living square feet and 33,517 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

7038 W Sunset 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 $1,250,000. The median price per/sqft for Los Angeles is $777. 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 $250,000 for the down payment and will need roughly $25,000 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 $59,500. 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 7038 W Sunset Blvd

Last sold for $9,000,000 on October 6th, 2017

July, 2018
Jul 28, 2018

Date

Expired

CRMLS: 18338762

$20,800,000

Price
Apr 30, 2018

Date

Active

CRMLS: 18338762

$20,800,000

Price
Listing provided courtesy of CRMLS

What a perfect development site for any project your imagination desires...build a mixed-use project with apartments, condos, a hotel, restaurants, officesÃ¢Â€Â¦it is just waiting for your touch.A set of 5 lots under one APN at the corner of Sunset Blvd. and Sycamore Ave. Currently a 9,511 SqFt restaurant with excess parking.This site will be among the most desired new developments in the City, with it's tremendously central location, surrounded by one of Los Angeles' strongest economic centers, a stone's throw to restaurants, bars and all that the nightlife has to offer. The property is located less than a mile from the Hollywood Arclight, 24 Hour Fitness, Hollywood and Highland, Trader Joe's, Ralphs, the Metro Red Line Subway Station, and so much more! Easy access to the 101.With the current zoning, Transit Oriented Communities designation of Tier 3 and the Regional Center Commercial General Plan, this property is a developers' dream!

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October, 2017
Oct 6, 2017

Date

Sold (Public Records)

Public Records

$9,000,000

Price

Tax History for 7038 W Sunset Blvd

Assessed Value (2020): $9,363,600

Year	Land Value	Improved Value	Assessed Value
2020	$8,947,440	$416,160	$9,363,600

About 7038 W Sunset Blvd

Detailed summary of property

7038 W Sunset Blvd is categorized with a use code of Restaurant in Los Angeles, CA 90028 and last sold on October 6, 2017 for $9,000,000. This property has -- bedrooms, -- bathrooms, roughly 9,511 living square feet, and sits on an approximately 33,517 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 656.3% higher than the current median priced home. 7038 W Sunset Blvd was last sold on October 6, 2017 for $9,000,000. Local nearby listings include 7135 Hollywood Blvd #202, 7135 Hollywood Blvd #210 and 1154 N Orange Dr. The average home in Los Angeles, CA is selling in 92 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. If you are the homeowner and looking to sell the home at 7038 W Sunset Blvd Los Angeles, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 7038 W Sunset Blvd

Public county record property details

Beds: --
Baths: --
Year built: 1940
Sq. Ft.: 9,511
Lot Size: 33,517
Stories: 1

Type: Restaurant
Pool: No
Spa: No
County: Los Angeles
Lot#: 1-2,5-7
APN: 5548-017-052

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,195,000

Median List Price/Sq.Ft.

$690

Median Sold Price

$752,000

Median Sold Price/Sq.Ft.

$470

Total Inventory

Median Sale to List Price %

83.65%

Avg Days on Market

197

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (100%)

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