1241 Vine St Los Angeles, CA 90038

$26,730,000 Sold Price as of 01/11/2019

-- Beds
-- Baths
69,872 Sq.Ft.

Off Market

$26,730,000 Sold Price as of 01/11/2019 Refinance Your Mortgage

Map preview of 1241 Vine St, Los Angeles, CA 90038

Property Overview: 1241 Vine St Los Angeles, CA has -- bedrooms, -- bathrooms, 69,872 living square feet and 31,849 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1241 Vine 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 1241 Vine St

Last sold for $26,730,000 on January 11th, 2019

January, 2019
Jan 11, 2019

Date

Sold (Public Records)

Public Records

$26,730,000

Price
November, 2016
Nov 14, 2016

Date

Active

CRMLS: 16180308

$165,000

Price
Listing provided courtesy of CRMLS

TURNKEY RESTAURANT WITH LARGE CUSTOMER BASE! FREE GAS AND WATER UTILITIES! Rent only at $2,300 a month! Indoor and Patio area with seating capacity of up to 35. Two level restaurant that serves delicious sandwiches, drinks, salads, Mediterranean food (such as Kabobs, Tabouli, Greek Salad etc) with a lot of customers that include catering to workers in the surrounding office buildings and business establishments. The inside is pleasant and has simple yet tasteful decor. Seating capacity of up to 35 including patio. 2 POS Systems, Camera Systems, AC installed less than 2 years old.This is in the vibrant area of Fountain and Vine in Hollywood where there is lots of opportunities to cater to the nearby establishments as well as walk-ins.

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July, 2015
Jul 14, 2015

Date

Active

CRMLS: 15923185

$125,000

Price
Listing provided courtesy of CRMLS

TURNKEY RESTAURANT WITH LARGE CUSTOMER BASE! FREE GAS AND WATER UTILITIES! Rent only at $2,300 a month for 1200 Sqft + Patio area with seating capacity of up to 35. Unbeatable and unbelievable in the heart of Hollywood! Two level restaurant that serves delicious sandwiches, drinks, salads, Mediterranean food (such as Kabobs, Tabouli, Greek Salad etc) with a lot of customers that include catering to workers in the surrounding office buildings and business establishments. The inside is pleasant and has simple yet tasteful decor. Seating capacity of up to 35 including patio. 2 POS Systems, Camera Systems, AC installed less than a year old. Electrical panel is NEW. The business is running very well but Owner wants to expand to a larger location. This is for someone who just wants to own and enjoy.This is in the vibrant area of Fountain and Vine in Hollywood where there is lots of opportunities to cater to the nearby establishments as well as walk-ins.

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March, 2008
Mar 27, 2008

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1241 Vine St

Assessed Value (2020): $27,305,317

Year	Land Value	Improved Value	Assessed Value
2020	$18,360,000	$8,945,317	$27,305,317

About 1241 Vine St

Detailed summary of property

1241 Vine St is categorized with a use code of Commercial/Office/Residential (Mixed Use) in Los Angeles, CA 90038 and last sold on January 11, 2019 for $26,730,000. This property has -- bedrooms, -- bathrooms, roughly 69,872 living square feet, and sits on an approximately 31,849 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 2286.61% higher than the current median priced home. 1241 Vine St was last sold on January 11, 2019 for $26,730,000. Local nearby listings include 6250 Hollywood Blvd #11F, 6250 Hollywood Blvd #7N and 6250 Hollywood Blvd #4C. 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 1241 Vine St Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1241 Vine St

Public county record property details

Beds: --
Baths: --
Year built: 1925
Sq. Ft.: 69,872
Lot Size: 31,849
Stories: 1

Type: Commercial/Office/Residential (Mixed Use)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1,2
APN: 5533-005-001

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,299,000

Median List Price/Sq.Ft.

$666

Median Sold Price

$1,089,000

Median Sold Price/Sq.Ft.

$642

Total Inventory

Median Sale to List Price %

90.83%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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