15 days on rocket

2819 S Flower St, Los Angeles, CA, 90007

$5,800,000

0.31 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeOther
ViewCity Lights, Trees/Woods
MLS #AR24099585
Lot Size0.31 Acres
StatusActive

About 2819 S Flower St

Located in the heart of downtown Los Angeles, just moments away from the prestigious University of Southern California (USC), lies a rare gem of real estate: two parcels totaling 13,390 square feet, awaiting a visionary investor or developer. Located at 2819 S Flower Street, this expansive property offers an exceptional canvas for realizing your dreams of urban development. Unbeatable Location: Situated in one of the most dynamic and sought-after neighborhoods in Los Angeles, this land enjoys unparalleled proximity to USC, making it an ideal investment for student housing, mixed-use development, or commercial ventures catering to the vibrant university community. Fully Entitled Development: This rare offering comes with the invaluable advantage of full entitlements for a 47-guest room hotel, streamlining the development process and expediting your journey from vision to reality. With all necessary approvals in place, you can begin construction without delay, saving both time and resources. Generous Size: With a total area of 13,390 square feet spread across two parcels, this property presents ample space for creative construction and versatile design concepts. Whether you envision a multi-story residential complex, retail establishments, or a combination of both, the possibilities are endless. Thriving Urban Environment: Surrounded by a diverse array of cultural attractions, dining options, entertainment venues, and convenient amenities, this location offers an unparalleled urban lifestyle experience. Residents and visitors alike will appreciate the convenience of living in close proximity to downtown LA's bustling scene. Investment Potential: As downtown Los Angeles continues to undergo rapid revitalization and gentrification, savvy investors have recognized the immense potential for growth and profitability in this area. Secure your stake in the future of one of the nation's most dynamic real estate markets. Accessibility: Enjoy easy access to major transportation arteries, including highways, public transit routes, and bike lanes, facilitating seamless connectivity to all corners of the city and beyond. Whether you're looking to capitalize on the thriving student population, capitalize on the burgeoning urban renaissance, or simply secure a strategic investment for the future, 2819 S Flower Street beckons with limitless potential.

Property Details

Property Features

Listing Office:

  • Office Name: ALTC Realty
  • Office Phone: (626) 487-8348
  • Listing Agent: Thomas Chou

Exterior Features

Exterior Information:

  • View: City Lights, Trees/Woods

Lot Features

Lot Information:

  • Lot Size: 0.31 Acres

School Info

Assigned Schools Information:

  • Manual Arts 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
  • John Adams Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Norwood Street Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Point Fermin Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: Between 28th and 29th Street. Exit 110-South freeway. Next to McDonald's parking lot

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,800,000

Tax Information:

  • Annual Amount: $18,774
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

2819 S Flower St vs Los Angeles

15 DAYS ON ROCKET

-19 Days

$5,800,000

+$4.8M More

KEY TAKEAWAY

This property is $4.8M 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: #AR24099585

Listing Office:

  • Office Name: ALTC Realty
  • Office Phone: (626) 487-8348
  • Listing Agent: Thomas Chou

IDX 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: 6/1/2024, 4:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 30, 2016Home Sold
$650,000

Tax History

YEARPROP. TAXASSESSMENT
2021$18,774$1,353,115
2020$9,516$689,784
2019$9,354$676,260
2018$9,151$663,000
2017$9,151$650,000

History based on county public records data.

Payment Calculator

$29K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$17.4K

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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.

Elementary School

school-card-donut-6047352
5
/10

  • Norwood Street Elementary School

  • 2020 Oak St

  • 0.66 miles

  • Public District Grades KG-5

school-card-donut-6047353
9
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 5.67 miles

  • Public Magnet Grades KG-6

school-card-donut-6047354
6
/10

  • Point Fermin Elementary School

  • 3333 S Kerckhoff Ave

  • 21.54 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-6047355
6
/10

  • John Adams Middle School

  • 151 W 30th St

  • 0.37 miles

  • Public Magnet Grades 6-8

school-card-donut-6047356
4
/10

  • Studio

  • 2211 W Avenue 30

  • 5.90 miles

  • Public District Grades 6-8

High School

school-card-donut-6047357
3
/10

  • Manual Arts Senior High School

  • 4131 S Vermont Ave

  • 1.51 miles

  • Public Magnet Grades 9-12

school-card-donut-6047358
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 3.76 miles

  • Public Magnet Grades 9-12

school-card-donut-6047359
7
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 17.25 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $12,442. Most Los Angeles, CA residents have annual incomes less than $35k. The majority of families are 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 2819 S Flower St

What is the listing price of this property?

The listing price of 2819 S Flower St property is $5,800,000.

What type of property is this?

The property 2819 S Flower St is land located in Los Angeles, California, 90007.

Is this property for sale now?

Active Listing: 2819 S Flower St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2819 S Flower St are:
Norwood Street Elementary School: GreatSchools Rating 5/10
Melrose Avenue Elementary School: GreatSchools Rating 9/10
Point Fermin Elementary School: GreatSchools Rating 6/10
John Adams Middle School: GreatSchools Rating 6/10
Studio: GreatSchools Rating 4/10
Manual Arts Senior High School: GreatSchools Rating 3/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel 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 $18,774 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 30, 2016 for $650,000. (source: MLS/tax record).

How much acreage is this property?

The property 2819 S Flower St is 0.31 acres.
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Rocket Homes›California›Los Angeles County›Los Angeles›90007›2819 S Flower St

This home is located at 2819 S Flower St in Los Angeles, CA and zip code 90007 in the University Park neighborhood. This home sits on a 0.31 acre lot. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $5,800,000.

Over 701 listings were sold over their listed price in April 2024 in Los Angeles, CA. In the same period over 629 listings were sold below the listed price and 204 listings were sold for the listed price. Between March 2024 and April 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 14.9%. The median list price of listings available in April 2024 was $986,427, while the average time on the real estate market was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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