122 E 116th St, Los Angeles, CA 90061
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122 E 116th St Los Angeles, CA 90061

$625,000 Sold Price as of 11/05/2020
  • 5 Beds
  • 2 Baths
  • 1,632 Sq.Ft.
Sold
$625,000 Sold Price as of 11/05/2020 Refinance Your Mortgage

Map preview of 122 E 116th St, Los Angeles, CA 90061

Property Overview: 122 E 116th St Los Angeles, CA has 5 bedrooms, 2 bathrooms, 1,632 living square feet and 5,601 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Beautiful well maintained duplex on a quiet residential street with plenty of covered parking. Great opportunity for an owner occupant. Recently updated 3 bedroom / 1 bath rear unit has plenty of storage, new flooring, paint, stone countertops with washer/dryer hook ups and recessed lighting throughout unit.

Listed by Keisha Blanks | BRE #01377633 | Brown House Realty
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
5,601
HOA Dues
$0/mo
Year built
1943
Garage
--
Property Type:
Duplex
Status
Sold
MLS#
RS20190553
City
Los Angeles
County
Los Angeles
Time on Site
1267 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,559
  • Total Rent: $1,559
  • Pro Forma/Market Rent: $2,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $18,708
  • Net Operating Income: $18,708
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $50
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 122 E 116th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • None, In Kitchen
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 6083010007
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: SOUTH OF IMPERIAL, EAST OF MAIN
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

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Sale History for 122 E 116th St

Last sold for $625,000 on November 5th, 2020
  • November, 2020

  • Nov 5, 2020

    Date

    Sold

    CRMLS: RS20190553

    $625,000

    Price

  • Sep 23, 2020

    Date

    Pending

    CRMLS: RS20190553

    $635,000

    Price

  • Sep 14, 2020

    Date

    Active

    CRMLS: RS20190553

    $635,000

    Price

  • November, 2020

  • Nov 5, 2020

    Date

    Sold (Public Records)

    Public Records

    $625,000

    Price

  • February, 2003

  • Feb 10, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 122 E 116th St

Assessed Value (2020): $211,874
Year Land Value Improved Value Assessed Value
2020 $79,451 $132,423 $211,874

Home Value Compared to the Market

This property vs the competition

122 E 116th St sold on November 5, 2020 for 50.16% lower than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $389.09 per/sqft which puts the price per square foot 50.81% lower than the current median sale per square foot for the city of Los Angeles.

About 122 E 116th St

Detailed summary of property

122 E 116th St is a duplex that recently sold in Los Angeles, CA 90061. This duplex offered 5 bedrooms, 2 bathrooms, roughly 1,632 living square feet, and sits on an approximately 5,601 square foot lot. 122 E 116th St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $625,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 50.16% lower than the current median priced home. Local homes that are currently for sale include 1503 E 109th St, 936 E 91st St and 11111 Wilmington Ave. While the average home in Los Angeles, CA is selling in 100 days, 122 E 116th St has a days on market of 8 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 122 E 116th St Los Angeles, CA 90061 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 122 E 116th St

Public county record property details
Beds
4
Baths
2
Year built
1943
Sq. Ft.
1,632
Lot Size
5,600
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
102
APN
6083-010-007

The source for these homes facts are from public records.

90061 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$590,000
Median List Price/Sq.Ft.
$527
Median Sold Price
$670,000
Median Sold Price/Sq.Ft.
$446
Total Inventory
23
Median Sale to List Price %
108.06%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (25%), Other (25%)

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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.