1303 Lilac Terrace Los Angeles, CA 90026

$315,000 Sold Price as of 10/16/2000

11 Beds
10 Baths
5,975 Sq.Ft.

Off Market

$315,000 Sold Price as of 10/16/2000 Refinance Your Mortgage

Map preview of 1303 Lilac Terrace, Los Angeles, CA 90026

Property Overview: 1303 Lilac Terrace Los Angeles, CA has 11 bedrooms, 10 bathrooms, 5,975 living square feet and 21,717 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1303 Lilac Terrace 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 $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 $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 1303 Lilac Terrace

Last sold for $315,000 on October 16th, 2000

February, 2022
Feb 12, 2022

Date

Price Change

CRMLS: PF21174154

$4,200,000

Price
Aug 7, 2021

Date

Active

CRMLS: PF21174154

$4,200,000

Price
Listing provided courtesy of CRMLS

A great investment opportunity awaits you at 1303 Lilac Terrace in the Echo Park/Silver Lake vicinity of Los Angeles. This quiet area is rapidly growing & gentrifying in Northeast LA adjacent to Dodger Stadium & DTLA. The property sits on a large half acre lot of 21,717 square feet and consists of 10 bungalow buildings. There are 9- 1bed/1bath units and 1- 2bed/1bath unit each with a living room in separate Spanish styled Bungalows totaling 6,000 Sq. Ft. of living space. Many of the bungalows have private fenced front yards. 8 of the bungalows have their own basement and laundry. All buildings have original oak hardwood flooring, tiled kitchen counters and $50,000 was spent on the reinforcement of the bungalows. All units are separately metered for gas & electricity and paid by the tenants. There is plenty of parking for tenants and guests besides the 3 enclosed single car garages. The 2bed/1bath bungalow has its own large and secluded backyard. This prime land also has more opportunity for additional development. The property is zoned LARD 1.5. Property is offered at a current 5.25% CAP rate with room to grow the rents as they are month to month leases. At a current 16.52 GRM don’t miss this opportunity!

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October, 2000
Oct 16, 2000

Date

Sold (Public Records)

Public Records

$315,000

Price
September, 2000
Sep 7, 2000

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 1303 Lilac Terrace

Assessed Value (2020): $433,996

Year	Land Value	Improved Value	Assessed Value
2020	$303,112	$130,884	$433,996

About 1303 Lilac Terrace

Detailed summary of property

1303 Lilac Terrace is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90026 and last sold on October 16, 2000 for $315,000. This property has 11 bedrooms, 10 bathrooms, roughly 5,975 living square feet, and sits on an approximately 21,717 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 71.88% lower than the current median priced home. 1303 Lilac Terrace was last sold on October 16, 2000 for $315,000. Local nearby listings include 905 New Depot St #12, 1891 Lucretia Ave and 1556 W Court St. The average home in Los Angeles, CA is selling in 106 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. If you are the homeowner and looking to sell the home at 1303 Lilac Terrace Los Angeles, CA 90026 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1303 Lilac Terrace

Public county record property details

Beds: 11
Baths: 10
Year built: 1923
Sq. Ft.: 5,975
Lot Size: 21,717
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5-7,20
APN: 5406-011-022

The source for these homes facts are from public records.

90026 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,250,000

Median List Price/Sq.Ft.

$822

Median Sold Price

$1,217,000

Median Sold Price/Sq.Ft.

$985

Total Inventory

Median Sale to List Price %

101.5%

Avg Days on Market

Loan Type

Conventional (22.22%), FHA (0%), VA (0%), Cash (11.11%), Other (0%)

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