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1516 West 11th Place

1516 West 11th Place, Los Angeles, CA 90015
Property in Pico Union
Sold Nov 15, 2017
$875,000
Seller
$100,000,000 by Liftforward Inc
Mortgage
Sold Jun 14, 2011
$355,000
Local assessors in Los Angeles, CA have categorized 1516 West 11th Place as a residential type of property. The home was built in 1912 and is 112 years old. The property's lot size has been calculated to be 6,251 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a quadplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 4 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 1516 West 11th Place has a total of 3,700 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. 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 wood 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 - B. Residents rely on air conditioning for their cooling system. The property was last sold in Nov 10, 2017 for $875,000. That's $236.49 per sqft. Prior to that sales transaction, the property was also sold in Jun 7, 2011 for $355,000. 1516 West 11th Place was last assessed in 2023. The total value of the property was assessed at $956,939. Specifically, the land the property is located on was valued at $656,187. While improvements on the property were assessed at a total of $300,752. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $11,475. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1912
  • Effective Year Built: 1912
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Quadplex
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,251
  • Total Building Area: 3,700
  • Gross Building Area: 3,700
  • Building Area: 3,700
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 3,700
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE CITY CENTRE TRACT
  • Land Acres: 0.144
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: CITY CENTRE TRACT LOT/SEC 1 BLK/DIV/TWN 3

Ownership

  • Current Owner : LERNER MICHAEL
  • Previous Owner : BEZBER LLC
  • Owner Before Previous Owner: HSBC BANK USA NATIONAL ASSOCIATION
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: LAR4

Geography

  • Assessors Map Reference: 44-B3
  • Parcel: 5137-025-017
  • Block: 3
  • Lot: 1
  • Municipality: WEST /WESTLAKE
  • Latitude: 34.0463
  • Longitude: -118.274

    Address

  • Full Address: 1516 W 11th Pl
  • Address - House Number: 1516
  • Street Direction: W
  • Address - Street Name: 11th
  • Address - Suffix Type: Pl
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C055
  • 4-Digit Zip Code: 2007
  • Zip Code: 90015

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,475
  • Tax Rate Code Area: 00-029

    Appraisal Valuation

  • Standard Deviation: 0.23
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 68
  • Final Value: 1,515,479
  • High Value: 1,864,124
  • Low Value: 1,166,834

    Open Liens

  • Total Open Liens: 1
  • First Open Lien Mortgage Lender: LIFTFORWARD INC
  • First Open Lien Mortgage Recording Date: Sep 19, 2018
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $100,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $956,939
  • Assessed Land Value: $656,187
  • Assessed Improvements Value: $300,752

    Sales

  • Current Sale Contract Date: Nov 10, 2017
  • Current Sale Recording Date: Nov 15, 2017
  • Current Sale Transaction ID: 11295629908
  • Current Sale Price: $875,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17-1309429
  • Previous Sale Recording Date: Jun 14, 2011
  • Previous Sale Contract Date: Jun 07, 2011
  • Previous Sale Amount: $355,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Nov 15, 2017
  • First Mortgage Loan Amount: $656,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2047

About Central LA



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Frequently Asked Questions

What neighborhood is 1516 West 11th Place located in?
The 1516 West 11th Place is a located in the neighborhood of Pico Union in Central LA, Los Angeles.
What is the average sales price for listings in 1516 West 11th Place?
The average sales price for units in 1516 West 11th Place is $0 currently.

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