1121 S Lake St Los Angeles, CA 90006

$1,950,000 Sold Price as of 11/25/2020

6 Beds
4 Baths
3,743 Sq.Ft.

Off Market

$1,950,000 Sold Price as of 11/25/2020 Refinance Your Mortgage

Map preview of 1121 S Lake St, Los Angeles, CA 90006

Property Overview: 1121 S Lake St Los Angeles, CA has 6 bedrooms, 4 bathrooms, 3,743 living square feet and 9,294 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1121 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 1121 S Lake St

Last sold for $1,950,000 on November 25th, 2020

December, 2022
Dec 13, 2022

Date

Canceled

CRMLS: 22199521

$1,950,000

Price
Sep 13, 2022

Date

Active

CRMLS: 22199521

$1,995,000

Price
Listing provided courtesy of CRMLS

Attention Investors/Developers: True LA Trophy. One of LA's original rare classic Victorian mansions, situated between Koreatown and DTLA. Currently used as boarding house with many of rooms renovated and being occupied through LAFH (LA Family Housing) government program with guaranteed income. New copper plumbing and newer roof (2018). Located conveniently close to multiple markets, restaurants. Enormous gated 9295 SF Lot with 12 parking spacing in rear. Currently 100% occupied with 5.6 cap rate. Although currently used as boarding house, use code permits Hotel or Bed-n-Breakfast. Surrounded by other classic LA Mansions on a tree-lined street. Great Opportunity!

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May, 2022
May 31, 2022

Date

Canceled

CRMLS: 22146753

$2,298,000

Price
Apr 15, 2022

Date

Active

CRMLS: 22146753

$2,298,000

Price
Listing provided courtesy of CRMLS

GREAT CASH COW INCOME BOARDING HOUSE IN PICO-UNION HPOZ. Located between in Koreatown and Downtown. Use code is hotel/boarding house/rooming house. 3 stories, 12 rooms, 9 baths, with Large basement. R4 Zoning with lot 9,295 SF. Most of the rooms have been remodeling as LAFH(Los Angeles Family Housing) Government program with guarantee income monthly. New copper plumbing, newer roof(2018)12 car gated parking. On beautiful quiet street, surrounded by other classic buildings. 93 walk score, 10 minutes to Staples, L.A. Live restaurants & Koreatown. DO NOT MISS THIS OPPURNITY!!!

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November, 2020
Nov 25, 2020

Date

Sold (Public Records)

Public Records

$1,950,000

Price
December, 2018
Dec 3, 2018

Date

Sold (Public Records)

Public Records

$1,500,000

Price

Tax History for 1121 S Lake St

Assessed Value (2020): $1,530,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,122,000	$408,000	$1,530,000

About 1121 S Lake St

Detailed summary of property

1121 S Lake St is categorized with a use code of Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel in Los Angeles, CA 90006 and last sold on November 25, 2020 for $1,950,000. This property has 6 bedrooms, 4 bathrooms, roughly 3,743 living square feet, and sits on an approximately 9,294 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 74.11% higher than the current median priced home. 1121 S Lake St was last sold on November 25, 2020 for $1,950,000. Local nearby listings include 2939 Leeward Ave #402, 1708 S Union Ave and 1750 Orchard Ave. 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 1121 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 1121 S Lake St

Public county record property details

Beds: 6
Baths: 4
Year built: 1905
Sq. Ft.: 3,743
Lot Size: 9,294
Stories: --

Type: Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel
Pool: No
Spa: No
County: Los Angeles
Lot#: 6,8
APN: 5136-017-012

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%)

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