916 Georgia St Los Angeles, CA 90015

$3,050,000 Sold Price as of 02/15/2013

-- Beds
-- Baths
18,132 Sq.Ft.

Off Market

$3,050,000 Sold Price as of 02/15/2013 Refinance Your Mortgage

Map preview of 916 Georgia St, Los Angeles, CA 90015

Property Overview: 916 Georgia St Los Angeles, CA has -- bedrooms, -- bathrooms, 18,132 living square feet and 7,524 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

916 Georgia 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 916 Georgia St

Last sold for $3,050,000 on February 15th, 2013

November, 2018
Nov 20, 2018

Date

Canceled

CRMLS: 17213692

$8,350,000

Price
Jul 21, 2017

Date

Pending

CRMLS: 17213692

$8,350,000

Price
Apr 12, 2017

Date

Price Change

CRMLS: 17213692

$8,350,000

Price
Mar 22, 2017

Date

Active

CRMLS: 17213692

$8,750,000

Price
Listing provided courtesy of CRMLS

916 Georgia St, located in the South Park District of Downtown Los Angeles, directly across from LA Live and surrounded by several development projects including the Wilshire Grand Central, which will be the tallest building West of the Mississippi. The property was built in 1912 with a unit mix consisting of (21) singles, (3) bachelors, and (8) two bedroom units. Additionally, the property sits on a 7,525 Sq. Ft. lot with an existing C2 zoning, allowing for a Floor Area Ratio of 6:1 which can be increased up to 13:1 with the transfer of Floor Area.The investment is ideal for redevelopment because of its exceptional location and favorable zoning allowance, or as a value-add opportunity by capitalizing on the property's tremendous upside.

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February, 2013
Feb 15, 2013

Date

Sold (Public Records)

Public Records

$3,050,000

Price
January, 2002
Jan 9, 2002

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 916 Georgia St

Assessed Value (2020): $3,443,545

Year	Land Value	Improved Value	Assessed Value
2020	$2,116,847	$1,326,698	$3,443,545

About 916 Georgia St

Detailed summary of property

916 Georgia St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90015 and last sold on February 15, 2013 for $3,050,000. This property has -- bedrooms, -- bathrooms, roughly 18,132 living square feet, and sits on an approximately 7,524 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 172.32% higher than the current median priced home. 916 Georgia St was last sold on February 15, 2013 for $3,050,000. Local nearby listings include 889 Francisco St #911, 889 Francisco St #2210 and 900 W Olympic Blvd #38f. 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 916 Georgia St Los Angeles, CA 90015 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 916 Georgia St

Public county record property details

Beds: --
Baths: --
Year built: 1912
Sq. Ft.: 18,132
Lot Size: 7,524
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 24
APN: 5138-005-026

The source for these homes facts are from public records.

90015 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$745,000

Median List Price/Sq.Ft.

$704

Median Sold Price

$460,000

Median Sold Price/Sq.Ft.

$519

Total Inventory

Median Sale to List Price %

102.22%

Avg Days on Market

Loan Type

Conventional (50%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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