Search
1214 S Lake St, Los Angeles, CA 90006
Image 2 for 1214 S Lake St, Los Angeles, CA 90006
Image 3 for 1214 S Lake St, Los Angeles, CA 90006
View Photos

1214 S Lake St Los Angeles, CA 90006

$5,395,000 Sold Price as of 07/16/2021
  • 11 Beds
  • 36 Baths
  • 20,460 Sq.Ft.
Sold
$5,395,000 Sold Price as of 07/16/2021 Refinance Your Mortgage
Map preview of 1214 S Lake St, Los Angeles, CA 90006

Property Overview: 1214 S Lake St Los Angeles, CA has 11 bedrooms, 36 bathrooms, 20,460 living square feet and 8,700 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Built in 1914, this 37-unit property is located in the Westlake neighborhood just north of S Alvarado Street between 11th St and Pico Blvd, providing easy access to the 10 & 110 Freeways, Downtown Los Angeles and Koreatown. The subject property totals 20,460 SF featuring a unit mix that includes 25 singles, 11 one-bedrooms and one one-bedroom plus den. The majority of rents are currently under-market, providing a true value-add opportunity to capture the 50% rental upside through an interior renovation program when units turn.Furthermore, the basement features hookups allowing an investor to install community laundry for additional income. At the asking price, the property is being offered for a low $145,811 per unit and $264 per square foot.1214 S Lake St has been well-maintained by ownership with recent capital expenditures over the last four years including common area flooring and paint, new security camera system and intercom, exterior trim paint... etc

Listed by Neema Ahadian | BRE #01346750 | Marcus & Millichap
Last checked: 7 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 126

Home details

Lot Sq. Ft
8,700
HOA Dues
$0/mo
Year built
1914
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20669164
City
Los Angeles
County
Los Angeles
Time on Site
1214 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 37
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 25
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $923
  • Total Rent: $23,071
  • Pro Forma/Market Rent: $32,500
Unit Breakdown 2
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $944
  • Total Rent: $10,388
  • Pro Forma/Market Rent: $17,050
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $817
  • Total Rent: $817
  • Pro Forma/Market Rent: $1,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.32
  • Gross Scheduled Income: --
  • Net Operating Income: $205,366
  • Gross Operating Income: $412,915
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1214 S Lake St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 37
  • Parcel Number: 5136024012
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Between S Alvarado & S Hoover St
View more facts & features

Local Los Angeles Agent

Sale History for 1214 S Lake St

Last sold for $5,395,000 on July 16th, 2021

  • August, 2021

  • Aug 18, 2021

    Date

    Sold

    CRMLS: 20669164

    $5,395,000

    Price

  • Apr 23, 2021

    Date

    Active Under Contract

    CRMLS: 20669164

    $5,395,000

    Price

  • Feb 5, 2021

    Date

    Price Change

    CRMLS: 20669164

    $5,395,000

    Price

  • Dec 11, 2020

    Date

    Active

    CRMLS: 20669164

    $5,500,000

    Price

  • September, 2016

  • Sep 30, 2016

    Date

    Sold (Public Records)

    Public Records

    $3,900,000

    Price

  • October, 2009

  • Oct 19, 2009

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

Show More

Tax History for 1214 S Lake St

Assessed Value (2020): $4,143,790
Year Land Value Improved Value Assessed Value
2020 $2,483,226 $1,660,564 $4,143,790

Home Value Compared to the Market

This property vs the competition

1214 S Lake St sold on July 16, 2021 for 353.36% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $263.69 per/sqft which puts the price per square foot 65.07% lower than the current median sale per square foot for the city of Los Angeles.

About 1214 S Lake St

Detailed summary of property

1214 S Lake St is a multi family that recently sold in Los Angeles, CA 90006. This multi family property offered 11 bedrooms, 36 bathrooms, roughly 20,460 living square feet, and sits on an approximately 8,700 square foot lot. 1214 S Lake St was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $5,395,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 353.36% higher than the current median priced home. Local homes that are currently for sale include 3365 Hamilton Way, 1002 N Mariposa Ave and 1651 Redcliff St. While the average home in Los Angeles, CA is selling in 92 days, 1214 S Lake St has a days on market of 126 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 1214 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 1214 S Lake St

Public county record property details
Beds
--
Baths
--
Year built
1914
Sq. Ft.
20,460
Lot Size
8,699
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5136-024-012

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.
$602
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
38
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 1214 S Lake St

Nearby Homes for Sale

2709 W Pico Blvd, Los Angeles, CA 90006
$5,950,000
4 Beds
36 Baths
35982 Sq.Ft.
2709 W Pico Blvd
Los Angeles, CA 90006
927 S Ardmore Ave, Los Angeles, CA 90006
$4,499,000
15 Beds
12 Baths
40000 Sq.Ft.
927 S Ardmore Ave
Los Angeles, CA 90006
264 S Union Ave, Los Angeles, CA 90026
$6,000,000
20 Beds
12 Baths
11800 Sq.Ft.
264 S Union Ave
Los Angeles, CA 90026
264 S Union Ave, Los Angeles, CA 90026
$6,000,000
20 Beds
12 Baths
0 Sq.Ft.
264 S Union Ave
Los Angeles, CA 90026
514 S Mariposa Ave, Los Angeles, CA 90020
$4,650,000
17 Beds
19 Baths
12294 Sq.Ft.
514 S Mariposa Ave
Los Angeles, CA 90020
722 S Manhattan Pl, Los Angeles, CA 90005
$4,950,000
9 Beds
21 Baths
11965 Sq.Ft.
722 S Manhattan Pl
Los Angeles, CA 90005
3653 Halldale Ave, Los Angeles, CA 90018
$4,998,888
35 Beds
35 Baths
9700 Sq.Ft.
3653 Halldale Ave
Los Angeles, CA 90018
654 E 24th St, Los Angeles, CA 90011
$5,995,000
120 Beds
60 Baths
8240 Sq.Ft.
654 E 24th St
Los Angeles, CA 90011
204 N Manhattan Pl, Los Angeles, CA 90004
$4,600,000
23 Beds
21 Baths
12628 Sq.Ft.
204 N Manhattan Pl
Los Angeles, CA 90004
1271 W 39th Pl, Los Angeles, CA 90037
$4,500,000
21 Beds
19 Baths
10261 Sq.Ft.
1271 W 39th Pl
Los Angeles, CA 90037
4083 S Broadway, Los Angeles, CA 90037
$4,320,000
3 Beds
36 Baths
18366 Sq.Ft.
4083 S Broadway
Los Angeles, CA 90037
1244 Innes Ave, Los Angeles, CA 90026
$4,500,000
27 Beds
14 Baths
8864 Sq.Ft.
1244 Innes Ave
Los Angeles, CA 90026

Recently Sold Homes Near 1214 S Lake St

1136 S Alvarado St, Los Angeles, CA 90006
$4,275,000 Last Sold Price
6 Beds
24 Baths
16113 Sq.Ft.
1136 S Alvarado St
Los Angeles, CA 90006
1136 S Arapahoe St, Los Angeles, CA 90006
$1,338,000 Last Sold Price
4 Beds
8 Baths
5040 Sq.Ft.
1136 S Arapahoe St
Los Angeles, CA 90006
1040 S Lake St, Los Angeles, CA 90006
$2,250,000 Last Sold Price
20 Beds
16 Baths
7392 Sq.Ft.
1040 S Lake St
Los Angeles, CA 90006
1330 Arapahoe St, Los Angeles, CA 90006
$2,345,000 Last Sold Price
14 Beds
12 Baths
6610 Sq.Ft.
1330 Arapahoe St
Los Angeles, CA 90006

Related Resources to 1214 S Lake St

New Listings in 90006
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Refi Quote