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
Property Details
Property Features
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.34 Acres
School Info
Assigned Schools Information:
John Marshall Senior High School, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Thomas Starr King Middle School Film and Media Mag, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Dayton Heights Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: Located just east of N Vermont Ave and south of Melrose Ave with easy access to the 101 Freeway.
Price Information
Listing Price Info
Price Summary:
List Price: $2,300,000
Tax Information:
Annual Amount: $1,648
Tax Year: 2021
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 $1.2M 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: #24434021
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (310) 909-5500
Listing Agent: Neema Ahadian
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: 10/22/2024, 9:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,648
$121,216
2020
$1,602
$119,974
2019
$1,572
$117,622
2018
$1,538
$115,316
2017
$1,538
$113,056
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$11.5K
Per Month
Principal & Interest
$11.4K
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
$6,962
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.
Elementary School
7
/10
Dayton Heights Elementary School
607 N Westmoreland Ave
Distance between this listing and this school0.11 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school3.17 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school21.56 miles
Public Magnet Grades 1-5
Middle School
6
/10
Thomas Starr King Middle School Film and Media Mag
4201 Fountain Ave
Distance between this listing and this school1.14 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.43 miles
Public District Grades 6-8
High School
8
/10
John Marshall Senior High School
3939 Tracy St
Distance between this listing and this school1.91 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school5.44 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school14.26 miles
Public Magnet Grades 9-12
Assigned Schools
7
/10
Dayton Heights Elementary School
607 N Westmoreland Ave
Distance between this listing and this school0.11 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school3.17 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school21.56 miles
Public Magnet Grades 1-5
Assigned Schools
6
/10
Thomas Starr King Middle School Film and Media Mag
4201 Fountain Ave
Distance between this listing and this school1.14 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.43 miles
Public District Grades 6-8
Nearby Schools
5
/10
Virgil Middle School
152 N Vermont Ave
Distance between this listing and this school0.57 miles
Public District Grades 6-8
Assigned Schools
8
/10
John Marshall Senior High School
3939 Tracy St
Distance between this listing and this school1.91 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school5.44 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school14.26 miles
The neighbors living near this home have an average income of $34,259. 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. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 616 N Juanita Ave
What is the listing price of this property?
The listing price of 616 N Juanita Ave property is $2,300,000.
What type of property is this?
The property 616 N Juanita Ave is land located in Los Angeles, California, 90004.
Is this property for sale now?
Active Listing: 616 N Juanita Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 616 N Juanita Ave are: Dayton Heights Elementary School: GreatSchools Rating 7/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Academy For Enriched Sciences: GreatSchools Rating 9/10Thomas Starr King Middle School Film and Media Mag: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10John Marshall Senior High School: GreatSchools Rating 8/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,648 (source: MLS/based on county public records data).
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 616 N Juanita Ave in Los Angeles, CA and zip code 90004 in the Central LA neighborhood. This home sits on a 0.34 acre lot. It has been listed on Rocket Homes since August 31, 2024 and is currently priced at $2,300,000.
While more than 532 listings in Los Angeles, CA in September 2024 were sold above asking price, there were more than 180 listings sold at asking price, and more than 619 were sold below. The number of listings in Los Angeles, CA increased by 10.6% between August 2024 and September 2024. In September 2024 median list price was $1,012,476 and the average listing age was 36 days.
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. 
Pro Boxing
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
H&M
Foot Locker
Ross Dress For Less
Boston Market
Popeyes
Little Caesars
Honda
Nissan
Dodge
Rhythmic Contemporary Hits
Urban Adult Contemporary
Jazz