242 E 116Th St Los Angeles, CA 90061

$450,000 Sold Price as of 07/12/2017

4 Beds
2 Baths
1,858 Sq.Ft.

Off Market

$450,000 Sold Price as of 07/12/2017 Refinance Your Mortgage

Map preview of 242 E 116Th St, Los Angeles, CA 90061

Property Overview: 242 E 116Th St Los Angeles, CA has 4 bedrooms, 2 bathrooms, 1,858 living square feet and 5,811 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

242 E 116Th 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 242 E 116Th St

Last sold for $450,000 on July 13th, 2017

March, 2024
Mar 2, 2024

Date

Canceled

CRMLS: SR24027837

$1,800

Price
Feb 8, 2024

Date

Active

CRMLS: SR24027837

$1,800

Price
Listing provided courtesy of CRMLS

quiet duplex

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July, 2017
Jul 15, 2017

Date

Sold

CRMLS: RS17080744

$450,000

Price
Apr 28, 2017

Date

Pending

CRMLS: RS17080744

$440,000

Price
Apr 16, 2017

Date

Active

CRMLS: RS17080744

$440,000

Price
Listing provided courtesy of CRMLS

Very nice duplex in a great rental area. Front unit is a two bedroom, and a bonus room. 2 bath. Large living room with fireplace. Nice kitchen with adjoining laundry area. Needs minor work. Rear unit is 2 bedroom, 1 bath. Very nice. Large lot with plenty of parking. Buyer to complete due diligence and verify all permits. This is a great property. Make offers subject to interior inspection. Both units will be vacant at close of escrow. Buyer to cooperate with seller until seller finds suitable housing.

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July, 2017
Jul 12, 2017

Date

Sold (Public Records)

Public Records

$450,000

Price
August, 1996
Aug 1, 1996

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 242 E 116Th St

Assessed Value (2020): $468,180

Year	Land Value	Improved Value	Assessed Value
2020	$260,100	$208,080	$468,180

About 242 E 116Th St

Detailed summary of property

242 E 116Th St is categorized with a use code of Duplex (2 Units, Any Combination) in Los Angeles, CA 90061 and last sold on July 12, 2017 for $450,000. This property has 4 bedrooms, 2 bathrooms, roughly 1,858 living square feet, and sits on an approximately 5,811 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 59.82% lower than the current median priced home. 242 E 116Th St was last sold on July 12, 2017 for $450,000. Local nearby listings include 10517 S Broadway, 835 E 107th St and 344 E 131st St. 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 242 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 242 E 116Th St

Public county record property details

Beds: 4
Baths: 2
Year built: 1949
Sq. Ft.: 1,858
Lot Size: 5,811
Stories: --

Type: Duplex (2 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 95
APN: 6083-009-005

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

$580,000

Median List Price/Sq.Ft.

$500

Median Sold Price

$555,000

Median Sold Price/Sq.Ft.

$391

Total Inventory

Median Sale to List Price %

105.71%

Avg Days on Market

Loan Type

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

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