1216 S Westmoreland Ave Los Angeles, CA 90006

$280,000 Sold Price as of 08/03/2000

7 Beds
5 Baths
4,619 Sq.Ft.

Off Market

$280,000 Sold Price as of 08/03/2000 Refinance Your Mortgage

Map preview of 1216 S Westmoreland Ave, Los Angeles, CA 90006

Property Overview: 1216 S Westmoreland Ave Los Angeles, CA has 7 bedrooms, 5 bathrooms, 4,619 living square feet and 11,703 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1216 S Westmoreland Ave 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 $1,236,000. The median price per/sqft for Los Angeles is $775. 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 $247,200 for the down payment and will need roughly $24,720 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 $56,500. 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 1216 S Westmoreland Ave

Last sold for $280,000 on August 3rd, 2000

July, 2021
Jul 19, 2021

Date

Active

CRMLS: 21762536

$2,700,000

Price
Listing provided courtesy of CRMLS

Attention to all investors, the property consists of large 11,704 square foot zone LAR4 which gives a lot of development value in booming Koreatown. Located in Koreatown which is known for the fast developing opportunities and its close proximity to Downtown, Hollywood, Wilshire/Vermont Metro Subway Station, The Grove makes it easy for many attractions. Easily accessible by 10 Fwy 110Fwy. The existing 4plex structure consists of 7 bedroom, 5 bathroom and 4619 square foot living spaces built in 1936. 3 of the units are currently occupied by tenants and 1 vacant unit. Active developer must acquire proper development plans, permit and evict current tenants. Buyer and Buyers agent are responsible for verifying the accuracy of all information and do their own due diligence and independently verify all information.

Continue Reading
July, 2021
Jul 13, 2021

Date

Active

CRMLS: 21760224

$2,700,000

Price
Listing provided courtesy of CRMLS

Attention to all investors, the property consists of large 11,704 square foot zone LAR4 which gives a lot of development value in booming Koreatown. Located in Koreatown which is known for the fast developing opportunities and its close proximity to Downtown, Hollywood, Wilshire/Vermont Metro Subway Station, The Grove makes it easy for many attractions. Easily accessible by 10 Fwy 110Fwy. The existing 4plex structure consists of 7 bedroom, 5 bathroom and 4619 square foot living spaces built in 1936. 3 of the units are currently occupied by tenants and 1 vacant unit. Active developer must acquire proper development plans, permit and evict current tenants. Buyer and Buyers agent are responsible for verifying the accuracy of all information and do their own due diligence and independently verify all information.

Continue Reading
August, 2000
Aug 3, 2000

Date

Sold (Public Records)

Public Records

$280,000

Price
April, 1999
Apr 14, 1999

Date

Sold (Public Records)

Public Records

$303,218

Price

Tax History for 1216 S Westmoreland Ave

Assessed Value (2020): $385,774

Year	Land Value	Improved Value	Assessed Value
2020	$242,488	$143,286	$385,774

About 1216 S Westmoreland Ave

Detailed summary of property

1216 S Westmoreland Ave is categorized with a use code of Quadruplex (4 Units, Any Combination) in Los Angeles, CA 90006 and last sold on August 3, 2000 for $280,000. This property has 7 bedrooms, 5 bathrooms, roughly 4,619 living square feet, and sits on an approximately 11,703 square foot lot. Homes in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 75.22% lower than the current median priced home. 1216 S Westmoreland Ave was last sold on August 3, 2000 for $280,000. Local nearby listings include 2826 W 11th St, 1242 S Bonnie Brae St and 1817 S Catalina St. The average home in Los Angeles, CA is selling in 99 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. If you are the homeowner and looking to sell the home at 1216 S Westmoreland Ave 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 1216 S Westmoreland Ave

Public county record property details

Beds: 7
Baths: 5
Year built: 1936
Sq. Ft.: 4,619
Lot Size: 11,703
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 56,58
APN: 5076-018-015

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.

$604

Median Sold Price

$299,000

Median Sold Price/Sq.Ft.

$650

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

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

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