This exceptional lot in the heart of Hollywood is zoned for multi-family development and fully entitled for a luxurious 15-unit apartment building. The approved plans include a 4-story structure with one level of subterranean parking, featuring 3 designated affordable units. Situated in a highly sought-after area with proximity to entertainment, dining, and all the best that Hollywood has to offer. Zoned for multi-family use, offering an ideal canvas for developers looking to capitalize on Hollywood's thriving real estate market. Additionally, there is significant potential to re-entitle the property for up to 26 affordable living units or 5-6 luxury condos, offering flexibility for various development strategies. This is a rare opportunity to develop in one of Los Angeles' most dynamic and desirable neighborhoods!
Property Details
Property Features
Listing Office:
Office Name: Compass
Office Phone: (310) 230-5478
Listing Agent: Geoffrey Frid
Lot Features
Lot Information:
Lot Size: 0.16 Acres
Other
Directions Information:
Directions: Please use navigation, North of Melrose, East of Highland.
Price Information
Listing Price Info
Price Summary:
List Price: $1,695,000
Tax Information:
Annual Amount: $23,361
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $673.4K 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: #24458647
Listing Office:
Office Name: Compass
Office Phone: (310) 230-5478
Listing Agent: Geoffrey Frid
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: 12/18/2024, 12:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Apr 21, 2020
Apr 21, 2020Home Sold
$1,928,500
Nov 16, 2007
Nov 16, 2007Home Sold
$600,000
Aug 16, 2005
Aug 16, 2005Home Sold
$799,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$23,361
$1,948,479
2020
$9,780
$816,699
2019
$9,634
$800,687
2018
$9,427
$784,989
2017
$9,427
$769,598
History based on county public records data.
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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
5
/10
Vine Street Elementary
955 Vine St
Distance between this listing and this school0.21 miles
Public District Grades KG-6
3
/10
Hollywood Primary Center
1115 Tamarind Ave
Distance between this listing and this school0.68 miles
Public District Grades KG-3
7
/10
Santa Monica Boulevard Community Charter
1022 N Van Ness Ave
Distance between this listing and this school0.89 miles
Public Charter Grades KG-6
Nearby Schools
4
/10
Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school0.34 miles
Public District Grades 6-8
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school0.87 miles
Public District Grades 6-8
6
/10
John Burroughs Middle School
600 S McCadden Pl
Distance between this listing and this school1.71 miles
Public District Grades 6-8
Nearby Schools
6
/10
Hollywood High School
1521 N Highland Ave
Distance between this listing and this school0.92 miles
Public District Grades 9-12
2
/10
Richard A. Alonzo Community Day
5755 Fountain Ave
Distance between this listing and this school0.99 miles
Public District Grades 7-12
2
/10
Helen Bernstein High School
1309 N Wilton Pl
Distance between this listing and this school1.09 miles
The neighbors living near this home have an average income of $26,941. Residents of Los Angeles, CA typically earn less than $35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 942 Wilcox Ave
What is the listing price of this property?
The listing price of 942 Wilcox Ave property is $1,695,000.
What type of property is this?
The property 942 Wilcox Ave is land located in Los Angeles, California, 90038.
Is this property for sale now?
Active Listing: 942 Wilcox 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 $23,361 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 21, 2020 for $1,928,500. (source: MLS/tax record).
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This home is located at 942 Wilcox Ave in Los Angeles, CA and zip code 90038 in the Central LA neighborhood. This home sits on a 0.16 acre lot. It has been listed on Rocket Homes since November 16, 2024 and is currently priced at $1,695,000.
In November 2024 more than 512 listings in Los Angeles, CA were sold above the asking price. During the same period more than 177 listings were sold at asking price, while more than 657 were sold below. 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. 
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