1216 W 7Th St Los Angeles, CA 90017

$3,000,000 Sold Price as of 10/23/2018

-- Beds
-- Baths
4,160 Sq.Ft.

Off Market

$3,000,000 Sold Price as of 10/23/2018 Refinance Your Mortgage

Map preview of 1216 W 7Th St, Los Angeles, CA 90017

Property Overview: 1216 W 7Th St Los Angeles, CA has -- bedrooms, -- bathrooms, 4,160 living square feet and 7,337 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1216 W 7Th 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 1216 W 7Th St

Last sold for $3,000,000 on October 23rd, 2018

June, 2024
Jun 24, 2024

Date

Expired

CRMLS: 24355619

$4,000

Price
Feb 16, 2024

Date

Active

CRMLS: 24355619

$4,000

Price
Listing provided courtesy of CRMLS

Fully built out Cafe ready for a new operator. Hood is in place. Ideal for quick service restaurant, caterer, or ghost kitchen. pace is adjacent to a high traffic convenience store, Monty Bar, Teragram Ballroom, Oh Nami Gallery and Purple Panther Tattoo. Two Secure Parking Spaces for employees are included. Located near Good Samaritan Hospital, LA CARE offices, and more. Existing licenses, fixtures, furniture, and equipment can be purchased, inquire with broker for details. Listed rate may not include certain utilities, building services and property expenses. Lease rate is $4,000/Month MG.

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October, 2018
Oct 23, 2018

Date

Sold (Public Records)

Public Records

$3,000,000

Price

Tax History for 1216 W 7Th St

Assessed Value (2020): $3,060,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,683,000	$1,377,000	$3,060,000

About 1216 W 7Th St

Detailed summary of property

1216 W 7Th St is categorized with a use code of Retail Stores ( Personal Services, Photography, Travel) in Los Angeles, CA 90017 and last sold on October 23, 2018 for $3,000,000. This property has -- bedrooms, -- bathrooms, roughly 4,160 living square feet, and sits on an approximately 7,337 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 167.86% higher than the current median priced home. 1216 W 7Th St was last sold on October 23, 2018 for $3,000,000. Local nearby listings include 1100 Wilshire Blvd #1811, 1100 Wilshire Blvd #2610 and 1100 Wilshire Blvd #2804. 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 1216 W 7Th St Los Angeles, CA 90017 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1216 W 7Th St

Public county record property details

Beds: --
Baths: --
Year built: 1912
Sq. Ft.: 4,160
Lot Size: 7,337
Stories: 1

Type: Retail Stores ( Personal Services, Photography, Travel)
Pool: No
Spa: No
County: Los Angeles
Lot#: 4
APN: 5143-009-009

The source for these homes facts are from public records.

90017 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$600,000

Median List Price/Sq.Ft.

$747

Median Sold Price

$675,000

Median Sold Price/Sq.Ft.

$538

Total Inventory

100

Median Sale to List Price %

96.43%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (20%), Other (0%)

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