I often get asked what the Land Value or Lot Value is in Alamitos Heights. Well now we have two good comps for that. Both have recently had the structures demolished
The most recent is 5473 E. 4th Street. This property recently sold for $703,000. The lost Size was 6,483 SF. The original List price was $850,000, then dropped to $749,900. The Cost per SF of land is $108/sf.
The second property was 5525 e. 4th Street, this sold back in June of 201 for $711,000. It was originally listed for $725,000. The lot size is 6,483 Sf. This works out to $110 SF (rounded)
It will interesting to see what is built on these two lots, Stay tuned.
Remember, if you are thinking about selling or buying in Alamitos Heights, contact me, I am the Local Expert, a Resident and a Certified Appraiser.