1541 South Central Avenue

1541 South Central Avenue in Los Angeles, CA was first built in 1964 and is 60 years old. This has been categorized as a unknown property type. It is a single story home. 1541 South Central Avenue has 1,540 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 15,626 square feet.

Learn more about the property and building on this page. 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, 1541 South Central Avenue sold most recently in Mar 14, 2014 for a total of $1,500,015. If you work out the math, that's approximately a cost of $974.04 per sqft. Before that, the property was also sold for $825,008 in Oct 26, 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 $21,292 in taxes each year. 1541 South Central Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,767,384. If we break it down further, the land itself was valued at $1,649,562. Improvements to the property, however, were assessed at a total of $117,822. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.