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1118 Valencia Street

1118 Valencia Street, Los Angeles, CA 90015
Condo in Pico Union
1118 Valencia Street is a condo located in Pico Union, Los Angeles. The building was first built in 1962 and is 62 years old. In total, 1118 Valencia Street has a total floor area of 13,090 square feet. 1118 Valencia Street has a total of 1 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! There are 19 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 170 days and tend to sell below the original asking price of $389,400 by 6.92%. Meaning, listings tend to sell at a median of $599 price per square foot. The transaction that took the longest to complete was unit 116, listed on Jun 04, 2021 for $405,000. This particular unit ultimately sold 189 days later for $370,000. The most recent transaction was for unit 118, sold for $510,000 on Jan 25, 2022. Fun fact, the oldest transaction we have on record took place on Dec 21, 1995. See the full transaction history for 1118 Valencia Street below.

Pico Union, where 1118 Valencia Street is located, has a median asking price of $747,500 for condo buildings. Meanwhile, the building itself has a median asking price of $389,400. For interested buyers, that means the building's median asking price is around 0.48% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Assigned Parking
Garage Parking
Gated Parking
This property description is generated based on publicly available data.

3 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220201 Unit 214
02/01/2022
214
1 Bed
1 Bath
650 ft²
$359,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
650 ft²
-
-
-
Nancy Kim
Keller Williams Realty
20210604 Unit 116
06/04/2021
116
1 Bed
1 Bath
650 ft²
$405,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
650 ft²
$370,000 -8.64%
12/10/2021
David Kim
Max Mega Group
20201221 Unit 216
12/21/2020
216
1 Bed
1 Bath
650 ft²
$399,800
bedrooms
1 Bed
bathrooms
1 Bath
square feet
650 ft²
$379,000 -5.20%
05/20/2021
Julie Shim

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Bedroom Count: 0
  • Building Quality: B
  • Construction Type: Masonry
  • Floor Count: 1
  • Business/Commerical Units Count: 54
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 24,876
  • Total Building Area: 13,090
  • Gross Building Area: 13,090
  • Building Area: 13,090
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: unknown
  • Heated Square Feet: 13,090
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Office
  • Subdivision: 38357
  • Land Acres: 0.571
  • Standard Land Use Code: Commercial office (general)
  • Legal Description 1: TR=38357 EX OF STS LOT 3

Ownership

  • Current Owner : EVER GOLDEN LLC
  • Previous Owner : PRIME FINANCIAL PARTNERS LTD
  • Owner Before Previous Owner: ROADS TRUST LA KRETZ MORTON CO TR CROSS
  • Owner Before Previous Owner 2: BLUME MARGARET L TR BLUME TRU
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 210010

Zoning

  • Zoning: LAC1

Geography

  • Subdivision Tract Number: 38357
  • Parcel: 5137-024-213
  • Lot: 3
  • Municipality: WEST /WESTLAKE PARK
  • Latitude: 34.0466
  • Longitude: -118.273

    Address

  • Full Address: 1118 Valencia St
  • Address - House Number: 1118
  • Address - Street Name: Valencia
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C055
  • 4-Digit Zip Code: 2052
  • Zip Code: 90015

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $40,831
  • Tax Rate Code Area: 00-029

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,300,000
  • First Open Lien Mortgage Lender: BBCN BANK
  • First Open Lien Mortgage Recording Date: Jan 27, 2017
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $1,300,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,355,634
  • Assessed Land Value: $2,247,353
  • Assessed Improvements Value: $1,108,281

    Sales

  • Current Sale Contract Date: Oct 07, 2010
  • Current Sale Recording Date: Nov 05, 2010
  • Current Sale Transaction ID: 1010262830
  • Current Sale Price: $2,725,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 10-1595180
  • Previous Sale Recording Date: Sep 12, 1997
  • Previous Sale Contract Date: Jul 28, 1997
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: GENERAL ELECTRIC CAPITAL CORP
  • Previous Mortgage Transaction Date: Sep 12, 1997
  • Previous Mortgage Loan Amount: $555,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Central LA



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Frequently Asked Questions

What neighborhood is 1118 Valencia Street located in?
The 1118 Valencia Street is a condo located in the neighborhood of Pico Union in Central LA, Los Angeles.
What is the average sales price for listings in 1118 Valencia Street?
The average sales price for units in 1118 Valencia Street is $389,400 , or $599/sqft. currently.

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