1110 S Lake St Los Angeles, CA 90006

$3,750,000 Sold Price as of 12/17/2018

-- Beds
-- Baths
14,580 Sq.Ft.

Off Market

$3,750,000 Sold Price as of 12/17/2018 Refinance Your Mortgage

Map preview of 1110 S Lake St, Los Angeles, CA 90006

Property Overview: 1110 S Lake St Los Angeles, CA has -- bedrooms, -- bathrooms, 14,580 living square feet and 8,699 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1110 S Lake St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1110 S Lake St

Last sold for $3,750,000 on December 17th, 2018

December, 2020
Dec 15, 2020

Date

Expired

CRMLS: 20632272

$4,650,000

Price
Sep 14, 2020

Date

Active

CRMLS: 20632272

$4,650,000

Price
Listing provided courtesy of CRMLS

AVAILABLE NOW The Lakeview Terrace apartments located in historic Pico-Union, Los Angeles. 27 professionally-managed units with over 25% upside situated on a wide street bounded by turn of the century homes and apartments. Investment-grade multifamily asset, stabilized 6% cap, separately metered for gas and an excellent opportunity to implement RUBS. Attractive assumable financing in-place (see Offering Memorandum Year-3 Forecast and call for details). Gated parking lot for 5, a mix of 9 1-bedroom 1-bath and 18 studio apartments, approximately 9 of 27 renovated with original hardwood flooring, exposed masonry walls, quartz counter tops and period appointments. Beau arts design, gentrifying location, $172k/unit, big upside, what a deal!

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December, 2018
Dec 17, 2018

Date

Sold

CRMLS: 18364624

$3,750,000

Price
Sep 14, 2018

Date

Pending

CRMLS: 18364624

$4,050,000

Price
Aug 22, 2018

Date

Active Under Contract

CRMLS: 18364624

$4,050,000

Price
Aug 1, 2018

Date

Price Change

CRMLS: 18364624

$4,050,000

Price
Jul 13, 2018

Date

Active

CRMLS: 18364624

$4,395,000

Price
Listing provided courtesy of CRMLS

CBRE, Inc., as exclusive advisor, is pleased to present an exceptional opportunity to purchase a 27-unit apartment building in the historic Pico-Union submarket west of Downtown Los Angeles. Situated on a wide street bounded by historic homes and apartments, 1110 S. Lake St. is a high-quality multifamily asset with 37% upside in rents. Mix of 9 1-bedroom 1-bath and 18 studio apartments with original hardwood flooring, exposed masonry walls, quartz counter tops and period appointments. A small, gated parking lot for approximately 5 vehicles is off the alley behind the building, laundry facility is on-site, separately-metered for gas. The Pico-Union/Westlake Submarket borders Mid-Wilshire/Koreatown, City West and Downtown Los Angeles. As these surrounding markets gentrify and become redeveloped, Westlake continues to offer ultra-low vacancy and affordable living. Current ownership has renovated a portion of the units paving the way for a buyer to grow rents and add value.

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December, 2018
Dec 17, 2018

Date

Sold (Public Records)

Public Records

$3,750,000

Price
October, 2015
Oct 27, 2015

Date

Sold (Public Records)

Public Records

$2,625,000

Price

Tax History for 1110 S Lake St

Assessed Value (2020): $3,830,013

Year	Land Value	Improved Value	Assessed Value
2020	$2,346,000	$1,484,013	$3,830,013

About 1110 S Lake St

Detailed summary of property

1110 S Lake St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90006 and last sold on December 17, 2018 for $3,750,000. This property has -- bedrooms, -- bathrooms, roughly 14,580 living square feet, and sits on an approximately 8,699 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 234.82% higher than the current median priced home. 1110 S Lake St was last sold on December 17, 2018 for $3,750,000. Local nearby listings include 2939 Leeward Ave #402, 1708 S Union Ave and 2864 Sunset Pl #404. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 1110 S Lake St Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1110 S Lake St

Public county record property details

Beds: --
Baths: --
Year built: 1917
Sq. Ft.: 14,580
Lot Size: 8,699
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 3
APN: 5136-018-002

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$799,000

Median List Price/Sq.Ft.

$598

Median Sold Price

$760,000

Median Sold Price/Sq.Ft.

$597

Total Inventory

Median Sale to List Price %

87.46%

Avg Days on Market

Loan Type

Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

Thinking of Selling?

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(714) 706-1823

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