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
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
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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: 11/22/2024, 11:20:52 PM 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.
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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
7
/10
Dayton Heights Elementary School
607 N Westmoreland Ave
Distance between this listing and this school0.11 miles
Public District Grades KG-5
4
/10
Lockwood Avenue Elementary
4345 Lockwood Ave
Distance between this listing and this school0.48 miles
Public District Grades KG-6
6
/10
Dr. Sammy Lee Medical and Health Science Magnet
3600 Council St
Distance between this listing and this school0.59 miles
Public Magnet Grades KG-5
Nearby Schools
5
/10
Virgil Middle School
152 N Vermont Ave
Distance between this listing and this school0.58 miles
Public District Grades 6-8
3
/10
Vista Charter Middle School
2900 W Temple St
Distance between this listing and this school0.88 miles
Public Charter Grades 6-8
3
/10
Camino Nuevo Charter Academy #2
3400 W 3rd St
Distance between this listing and this school0.96 miles
Public Charter Grades KG-8
Nearby Schools
7
/10
Camino Nuevo High #2
3500 W Temple St
Distance between this listing and this school0.48 miles
Public Charter Grades 9-12
7
/10
Central City Value
221 N Westmoreland Ave
Distance between this listing and this school0.51 miles
Public Charter Grades 9-12
4
/10
New Village Girls Academy
147 N Occidental Blvd
Distance between this listing and this school0.97 miles
The neighbors living near this home have an average income of $34,259. Typical income of Los Angeles, CA residents is less than $35k annually. The majority of families are 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 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 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).
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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 598 listings in Los Angeles, CA in October 2024 were sold above asking price, there were more than 191 listings sold at asking price, and more than 753 were sold below. In October 2024 in Los Angeles, CA there were 11.2% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $1,023,474, while the average time on the real estate market was 38 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. 
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