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119 South Western Avenue

119 South Western Avenue, Los Angeles, CA 90004
Commercial in Greater Wilshire
Local assessors in Los Angeles, CA have categorized 119 South Western Avenue as a commercial type of property. The home was built in 1920 and is 104 years old. The property's lot size has been calculated to be 6,001 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 500 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 119 South Western Avenue has a total of 4,000 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 119 South Western Avenue is a 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a flat style roof that was made of roll composition. Residents rely on no air conditioning for their cooling system. The home's a heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 119 South Western Avenue sold most recently in Oct 3, 2002 for a total of $498,000. If you work out the math, that's approximately a cost of $124.50 per sqft. Before that, the property was also sold for $200,000 in Aug 28, 1998. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $8,601 in taxes each year. 119 South Western Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $693,246. If we break it down further, the land itself was valued at $584,672. Improvements to the property, however, were assessed at a total of $108,574. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Roof Shape Type: Flat
  • Roof Cover Type: Roll composition
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,001
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 4,000
  • Gross Building Area: 4,000
  • Building Area: 4,000
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Yes
  • Heated Square Feet: 4,000
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Subdivision: 684
  • Land Acres: 0.138
  • Standard Land Use Code: Store (multi-story)
  • County Land Use Code: Residential income (general) (multi-family)
  • Legal Description 1: TRACT # 684 LOTS 8 AND LOT/SEC 9

Ownership

  • Current Owner : SHIN KWAN HO
  • Current Owner 2: SHIN IN AE
  • Previous Owner : 123 WESTERN LLC
  • Owner Before Previous Owner: KIM RENEE
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 211500

Zoning

  • Zoning: LAC2

Geography

  • Assessors Map Reference: 34-E6
  • Subdivision Tract Number: 684
  • Parcel: 5517-002-006
  • Lot: 8
  • Municipality: WEST /MID-CTY/KOR TWN
  • Latitude: 34.0724
  • Longitude: -118.309

    Address

  • Full Address: 119 S Western Ave
  • Address - House Number: 119
  • Street Direction: S
  • Address - Street Name: Western
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C004
  • 4-Digit Zip Code: 4101
  • Zip Code: 90004

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,601
  • Tax Rate Code Area: 06-657

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $350,000
  • First Open Lien Mortgage Lender: PACIFIC UNION BANK
  • First Open Lien Mortgage Recording Date: Jan 22, 2003
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $50,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Lender: PACIFIC CITY BANK
  • Second Open Lien Mortgage Recording Date: Nov 16, 2018
  • Second Open Lien Mortgage Loan Amount: $300,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $693,246
  • Assessed Land Value: $584,672
  • Assessed Improvements Value: $108,574

    Sales

  • Current Sale Contract Date: Oct 03, 2002
  • Current Sale Recording Date: Nov 27, 2002
  • Current Sale Transaction ID: 1012430228
  • Current Sale Price: $498,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 02-2892851
  • Previous Sale Recording Date: Sep 09, 1998
  • Previous Sale Contract Date: Aug 28, 1998
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PACIFIC UNION BANK
  • First Mortgage Transaction Date: Nov 27, 2002
  • First Mortgage Loan Amount: $323,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

About Central LA



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Frequently Asked Questions

What neighborhood is 119 South Western Avenue located in?
The 119 South Western Avenue is a commercial located in the neighborhood of Greater Wilshire in Central LA, Los Angeles.
What is the average sales price for listings in 119 South Western Avenue?
The average sales price for units in 119 South Western Avenue is $0 currently.

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