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1517 West 12th Street

1517 West 12th Street, Los Angeles, CA 90015
Property in Pico Union
Sold Jun 05, 2019
$300,000
$600,000 by Lazy Lake Time Inc
Mortgage
Sold May 29, 2012
$250,000
Seller
$192,000 by Pmac Lending Services Inc
Mortgage Due Jun 01, 2027
1517 West 12th Street has been categorized by the local assessors in Los Angeles, CA as a residential type of property. The home has a total of 3 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. In addition, 1517 West 12th Street has 1,667 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,242 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. 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, 1517 West 12th Street sold most recently in May 30, 2019 for a total of $300,000. If you work out the math, that's approximately a cost of $179.96 per sqft. Before that, the property was also sold for $250,000 in May 18, 2012. 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 $12,095 in taxes each year. The initial year of tax delinquency occurred in 2022. 1517 West 12th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,019,592. If we break it down further, the land itself was valued at $832,320. Improvements to the property, however, were assessed at a total of $187,272. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,242
  • Total Building Area: 1,667
  • Building Area: 1,667
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,667
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CITY CENTRE TRACT
  • Land Acres: 0.143
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CITY CENTRE TRACT LOT/SEC 5 BLK/DIV/TWN 3

Ownership

  • Current Owner : PAE JONATHAN
  • Previous Owner : LEE LAUREN YANG
  • Owner Before Previous Owner: CHOI IN
  • 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: 5137-025-022
  • Block: 3
  • Lot: 5
  • Municipality: WEST /WESTLAKE
  • Latitude: 34.0459
  • Longitude: -118.275

    Address

  • Full Address: 1517 W 12th St
  • Address - House Number: 1517
  • Street Direction: W
  • Address - Street Name: 12th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C055
  • 4-Digit Zip Code: 2012
  • Zip Code: 90015

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,095
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 00-029

    Appraisal Valuation

  • Standard Deviation: 0.2386
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 66
  • Final Value: 1,043,531
  • High Value: 1,292,520
  • Low Value: 794,541

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $600,000
  • First Open Lien Mortgage Lender: LAZY LAKE TIME INC
  • First Open Lien Mortgage Recording Date: Dec 07, 2023
  • First Open Lien Mortgage Loan Amount: $600,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,019,592
  • Assessed Land Value: $832,320
  • Assessed Improvements Value: $187,272

    Sales

  • Current Sale Contract Date: May 30, 2019
  • Current Sale Recording Date: Jun 05, 2019
  • Current Sale Transaction ID: 11613367132
  • Current Sale Price: $300,000
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 19-0524412
  • Previous Sale Recording Date: May 29, 2012
  • Previous Sale Contract Date: May 18, 2012
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: PMAC LENDING SERVICES INC
  • Previous Mortgage Transaction Date: May 29, 2012
  • Previous Mortgage Loan Amount: $192,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2027

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Frequently Asked Questions

What neighborhood is 1517 West 12th Street located in?
The 1517 West 12th Street is a located in the neighborhood of Pico Union in Central LA, Los Angeles.
What is the average sales price for listings in 1517 West 12th Street?
The average sales price for units in 1517 West 12th Street is $0 currently.

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