Los Angeles 2026B online auction · item 3374
5440-031-027
Vacant Land · Los Angeles · 415 sq ft
Bidding runs October 17–20, 2026 on GovEase and closes at 12:00 p.m. PT on Tuesday, October 20. Registration and deposits closed October 13.
- Opening bid
- $8,410
- County assessed
- $738
- Bid ÷ assessed
- —
- assessment under $1,000
- In default since
- 2012
Nominal assessment The county's total assessed value here is under $1,000, which is not what the parcel is worth — it is a leftover from an old nominal-value transfer that Proposition 13 never re-based. Dividing a real opening bid by it produces a large number that means the assessment is tiny, not that the price is outrageous. There is no usable ratio here, so this parcel is not ranked against the others.
Flags
- Paper lot
Under a tenth of an acre with nothing built on it. Too small to build on under most zoning — the classic legacy-subdivision lot that costs money to own and cannot be developed or easily resold.
- Brush clearance charges
The Los Angeles Fire Department lists unpaid brush clearance charges on this parcel. It says a winning bid will not cancel the liens and asks the buyer to request the actual amount once title has transferred.
The county's record
- Use
- Vacant Land, use code 020V
- Zoning
- LAR2
- Lot
- 415 sq ft
- Building
- None on the Assessor's record
- Land value
- $738
- Improvements
- $0
- Prop 13 base year
- 2002
- Tax status
- In default, as read October 8, 2026
- Legal description
- TRACT NO 4038 LOT ON NW LINE OF CORRALITAS DR COM SW THEREON 9.46 FT FROM NE LINE OF LOT 17 TH N 61°23'01" W 0.69 FT TH S 54°42'18" W TO NE LINE OF CORRALITAS WALK TH SE THEREON AND NE ON SD NW LINE TO BEG PART OF LOT 17
Values from the 2026 roll, effective July 31, 2026.
What bare land sold for at earlier Los Angeles auctions
Los Angeles publishes the price of every parcel it sells. Each dot is one of those sales, at its price divided by its own opening bid, so a dot at 1× went for the opening bid and a dot at 10× for ten times it.
one sale median, shown only where a group has 30 sales or more
| Group | Sold | At the opening bid | At 2× or more | Median |
|---|---|---|---|---|
| April 2025 Bare land | 111 | 30 | 46 | 1.61× |
| April 2026 Bare land | 115 | 30 | 56 | 1.89× |
These rows describe groups of earlier sales. None of them is an estimate of what this parcel will sell for.
Sources: the county's 2025A auction books and excess-proceeds list and its 2026A excess-proceeds list. The method is in the write-up.