116 N Lake St Los Angeles, CA 90026

$148,000 Sold Price as of 03/19/1997

4 Beds
2 Baths
3,811 Sq.Ft.

Off Market

$148,000 Sold Price as of 03/19/1997 Refinance Your Mortgage

Map preview of 116 N Lake St, Los Angeles, CA 90026

Property Overview: 116 N Lake St Los Angeles, CA has 4 bedrooms, 2 bathrooms, 3,811 living square feet and 8,745 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

116 N 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 $1,209,000. The median price per/sqft for Los Angeles is $771. 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 $241,800 for the down payment and will need roughly $24,180 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 116 N Lake St

Last sold for $148,000 on March 19th, 1997

December, 2020
Dec 7, 2020

Date

Expired

CRMLS: SR17226888

$1,100,000

Price
Dec 5, 2020

Date

Sold

CRMLS: SR17226888

--

Price
Nov 28, 2017

Date

Pending

CRMLS: SR17226888

$1,100,000

Price
Nov 10, 2017

Date

Price Change

CRMLS: SR17226888

$1,100,000

Price
Oct 12, 2017

Date

Price Change

CRMLS: SR17226888

$1,500,000

Price
Oct 3, 2017

Date

Active

CRMLS: SR17226888

$1,900,000

Price
Listing provided courtesy of CRMLS

BIG REDUCTION IN PRICE...SELLERS VERY MOTIVATED!! Attention Investors and Builders!! This property is located minutes away from downtown Los Angeles near 101 Freeway. Build a new apartment or improve the existing property. At present, the 2 story property is being use as a Boarding Home (16-50 person permitted) with a total living space of 3,811 sq. ft. and a lot size of 8,745 sq. ft. it offers 13 bedrooms, 4 bath, 1 shower room, and 2 kitchens. Approximate monthly income $7,200. Zoning is LAR4 with use code as per assessor: Boarding House, Rooming House, Apartment Hotel, and Transient Lodging.

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March, 1997
Mar 19, 1997

Date

Sold (Public Records)

Public Records

$148,000

Price
April, 1994
Apr 11, 1994

Date

Sold (Public Records)

Public Records

$147,194

Price

Tax History for 116 N Lake St

Assessed Value (2020): $691,713

Year	Land Value	Improved Value	Assessed Value
2020	$534,760	$156,953	$691,713

About 116 N Lake St

Detailed summary of property

116 N Lake St is categorized with a use code of Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel in Los Angeles, CA 90026 and last sold on March 19, 1997 for $148,000. This property has 4 bedrooms, 2 bathrooms, roughly 3,811 living square feet, and sits on an approximately 8,745 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 86.79% lower than the current median priced home. 116 N Lake St was last sold on March 19, 1997 for $148,000. Local nearby listings include 421 S La Fayette Park Pl #220, 421 S La Fayette Park Pl #328 and 421 S La Fayette Park Pl #720. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 116 N Lake St Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 116 N Lake St

Public county record property details

Beds: 4
Baths: 2
Year built: 1906
Sq. Ft.: 3,811
Lot Size: 8,745
Stories: --

Type: Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel
Pool: No
Spa: No
County: Los Angeles
Lot#: 10
APN: 5157-020-012

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,200,000

Median List Price/Sq.Ft.

$813

Median Sold Price

$1,217,000

Median Sold Price/Sq.Ft.

$985

Total Inventory

Median Sale to List Price %

101.5%

Avg Days on Market

Loan Type

Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

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