Zoned as R3, this expansive property offers exciting development potential for approximately 44 apartment units. The parcel is strategically planned for a variety of options, featuring a Tentative Tract Map meticulously designed for 18 attached homes, Small Lot Subdivision, and the potential for up to 23 Single Family Lots. It's important to note that the Tract is currently pending approval, and a comprehensive review letter from the Los Angeles City outlines specific development requirements based on the tentative tract map. Situated in the Southwestern part of Los Angeles, this property boasts proximity to major transportation arteries, including convenient access to the 110 and 105 Freeways. This strategic location enhances the appeal for future residents, offering an ideal commute to and from the area. While the current plan is in alignment with the tentative tract map, there exists flexibility for potential developers to explore alternative options. Whether considering the construction of apartments or pursuing an entirely different development plan, interested parties are encouraged to liaise with the Los Angeles City for guidance and to explore the diverse possibilities that this property holds. Seller financing available for up to 2 years with 50% down on approval by seller. Seller is flexible and willing to JV with a qualified developer. Please feel free to reach out for more information or to discuss your unique development vision for this promising parcel.
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Realty
Office Phone: (888) 456-5789
Listing Agent: Matthew Palanca
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.81 Acres
Other
Directions Information:
Directions: S Figueroa St and Laconia Blvd
Price Information
Listing Price Info
Price Summary:
List Price: $1,800,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $778.4K more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PW23230495
Listing Office:
Office Name: Keller Williams Realty
Office Phone: (888) 456-5789
Listing Agent: Matthew Palanca
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/3/2024, 1:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$9,051
Per Month
Principal & Interest
$8,984
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$5,463
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
West Athens Elementary School
1110 W 119th St
Distance between this listing and this school0.73 miles
Public District Grades PK-5
4
/10
135th Street Elementary School
801 W 135th St
Distance between this listing and this school0.77 miles
Public District Grades KG-5
4
/10
118th Street Elementary
144 E 118th St
Distance between this listing and this school0.79 miles
Public District Grades KG-5
Nearby Schools
4
/10
Ingenium Clarion Charter Middle School
13305 S San Pedro St
Distance between this listing and this school0.87 miles
Public Charter Grades 6-8
3
/10
Samuel Gompers Middle School
234 E 112th St
Distance between this listing and this school1.18 miles
Public District Grades 6-8
4
/10
Alliance Jack H. Skirball Middle School
603 E 115th St
Distance between this listing and this school1.28 miles
Public Charter Grades 6-8
Nearby Schools
3
/10
Animo Compton Charter
13305 S San Pedro St
Distance between this listing and this school0.87 miles
Public Charter Grades 6-12
6
/10
Animo Watts College Preparatory Academy
12628 Avalon Blvd
Distance between this listing and this school1.03 miles
Public Charter Grades 9-12
4
/10
New Designs Charter School-Watts
12714 Avalon Blvd
Distance between this listing and this school1.05 miles
The neighbors living near this home have an average income of $36,096. The most common annual income of people living in Los Angeles, CA is less than $35k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 512 Laconia
What is the listing price of this property?
The listing price of 512 Laconia property is $1,800,000.
What type of property is this?
The property 512 Laconia is land located in Los Angeles, California, 90044.
Is this property for sale now?
Active Listing: 512 Laconia is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 512 Laconia in Los Angeles, CA and zip code 90044 in the Harbor Gateway neighborhood. This home sits on a 0.81 acre lot. It has been listed on Rocket Homes since December 29, 2023 and is currently priced at $1,800,000.
In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. The number of listings in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Mexican League Soccer
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Ross Dress For Less
Foot Locker
H&M
Jack In The Box
Little Caesars
Boston Market
Nissan
Dodge
Honda
Rhythmic Contemporary Hits
Urban Adult Contemporary