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1543 West 12th Street

1543 West 12th Street, Los Angeles, CA 90015
Property in Pico Union
Sold Mar 15, 2022
$1,285,000
$2,170,000 by American Plus Bank, N. A.
Mortgage
Sold Jan 22, 2014
$360,000
Local assessors in Los Angeles, CA have categorized 1543 West 12th Street as a residential type of property. The home was built in 1890 and is 134 years old. The property's lot size has been calculated to be 6,245 square feet. 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, 3 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 is one full bathroom. There is also a partial bathroom. If we look only at the heated or air conditioned part of the building, then 1543 West 12th Street has a total of 1,218 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 - D. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1543 West 12th Street was last sold in Mar 10, 2022 for $1,285,000. According to our calculations, that's $1,055.01 per sqft. Prior to that sales transaction, the property was sold for $360,000 in Jan 3, 2014. Current property owners are expected to pay $5,256 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2020. The property on 1543 West 12th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,310,700. To break that down further, the land itself was valued at $1,305,600. While improvements to the property were assessed at a total of $5,100. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: D
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,245
  • Total Building Area: 1,218
  • Building Area: 1,218
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,218
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE WILLIAMSON TRACT
  • Land Acres: 0.143
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WILLIAMSON TRACT LOT/SEC 10 BLK/DIV/TWN 4

Ownership

  • Current Owner : DTLA VIBES LLC
  • Previous Owner : HOOSHANG RADNIA FAMILY TRUST
  • Owner Before Previous Owner: YU DANNY
  • Ownership Rights Codes: unknown
  • 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: 5137-025-012
  • Block: 4
  • Lot: 10
  • Municipality: WEST /WESTLAKE
  • Latitude: 34.0462
  • Longitude: -118.275

    Address

  • Full Address: 1543 W 12th St
  • Address - House Number: 1543
  • 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: $5,256
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 00-029

    Appraisal Valuation

  • Standard Deviation: 0.2155
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 70
  • Final Value: 1,068,047
  • High Value: 1,298,238
  • Low Value: 837,855

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,170,000
  • First Open Lien Mortgage Lender: AMERICAN PLUS BANK, N. A.
  • First Open Lien Mortgage Recording Date: Nov 28, 2023
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $2,170,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,310,700
  • Assessed Land Value: $1,305,600
  • Assessed Improvements Value: $5,100

    Sales

  • Current Sale Contract Date: Mar 10, 2022
  • Current Sale Recording Date: Mar 15, 2022
  • Current Sale Transaction ID: 11888369521
  • Current Sale Price: $1,285,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 298795
  • Previous Sale Recording Date: Jan 22, 2014
  • Previous Sale Contract Date: Jan 03, 2014
  • Previous Sale Amount: $360,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BM REAL ESTATE SERVICES INC
  • First Mortgage Transaction Date: Mar 15, 2022
  • First Mortgage Loan Amount: $1,028,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2052

About Central LA



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Frequently Asked Questions

What neighborhood is 1543 West 12th Street located in?
The 1543 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 1543 West 12th Street?
The average sales price for units in 1543 West 12th Street is $0 currently.

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