Marcheeta Pl, Los Angeles, Home For Sale

house for sale

Listed: 07/19/24

1871 Marcheeta Pl, Los Angeles, California, 90069

Studio Bed:

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Price

$ 10,5M

About This House

This sprawling blue-chip site of approximately 1.3 acres is mostly flat and positioned at the end of a quiet cul-de-sac in the coveted Doheny Estates. Rarely do land opportunities with this amount of flat area become available, especially in such an exclusive, world-class location. The massive site was previously two parcels thereby giving a buyer flexibility to explore untying the property back to two parcels to develop two homes, or build on the current parcel. There is a home on the property which could serve as a rental to defray carry costs while a buyer obtains entitlements and permits. Truly a unique, one-of-a-kind opportunity in an A+ location, perfect for either an end-user or developer to create Los Angeles' next showcase estate. Red boundary lines are approximations and may not reflect precise property lines. Seller open to discussing creative/alternative financing options.

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Houses for sale in Los Angeles

Original listing

Los Angeles Housing & Living

Average sale prices for houses

1 bed

2 bed

3 bed

4+ bed

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Month	Median Price
Aug 2024	$837,581 (-20.3%)
Jul 2024	$1,051,454 (+12.7%)
Jun 2024	$932,981 (-41.3%)
May 2024	$1,590,389 (+13.1%)
Apr 2024	$1,406,480 (0%)
Mar 2024	$1,406,480 (0%)

In August 2024, the asking price for 1 bed houses for sale in/near Los Angeles, United States averaged $837,581, a decrease of 20.3% from the previous month.

Median price trends for properties for sale in Los Angeles, United States as of August 2024.

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.