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1545 West 12th Street

1545 West 12th Street, Los Angeles, CA 90015
Property in Pico Union
Sold Aug 30, 2013
$998,009
$875,000 by First Republic Bank
Mortgage
Sold Nov 04, 2005
$735,000
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Local assessors in Los Angeles, CA have categorized 1545 West 12th Street as a residential type of property. The home was built in 1920 and is 104 years old. The property's lot size has been calculated to be 6,246 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 500 ft. As for the restroom situation, there are 8 full bathrooms. There are also 8 partial bathrooms. 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 1545 West 12th Street has a total of 3,744 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. The building has a gable style roof that was made of composition shingle. Residents rely on air conditioning for their cooling system. 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, 1545 West 12th Street was last sold in Aug 27, 2013 for $998,009. According to our calculations, that's $266.56 per sqft. Prior to that sales transaction, the property was sold for $735,000 in Sep 13, 2005. Current property owners are expected to pay $14,496 in taxes per year. The property on 1545 West 12th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,175,894. To break that down further, the land itself was valued at $706,952. While improvements to the property were assessed at a total of $468,942. 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. 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. 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: 1920
  • Effective Year Built: 1920
  • Building Count: 2
  • Bedroom Count: 0
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Building Quality: D
  • Construction Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 8
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,246
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,744
  • Gross Building Area: 3,744
  • Building Area: 3,744
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 3,744
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WILLIAMSON TRACT
  • Land Acres: 0.143
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: WILLIAMSON TRACT LOT/SEC 9 BLK/DIV/TWN 4

Ownership

  • Current Owner : GILLMAN GARY
  • Current Owner 2: GILLMAN DEBBI
  • Previous Owner : ARAGHI ENTERPRISES LLC
  • Owner Before Previous Owner: TARVER DANIEL CHARLES
  • Ownership Rights Codes: Family Trust
  • 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: 5137-025-011
  • Block: 4
  • Lot: 9
  • Municipality: WEST /WESTLAKE
  • Latitude: 34.0463
  • Longitude: -118.276

    Address

  • Full Address: 1545 W 12th St
  • Address - House Number: 1545
  • 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: $14,496
  • Tax Rate Code Area: 00-029

    Appraisal Valuation

  • Standard Deviation: 0.3284
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 34
  • Final Value: 1,159,320
  • High Value: 1,540,081
  • Low Value: 778,558

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $875,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Sep 10, 2020
  • First Open Lien Mortgage Loan Amount: $875,000
  • 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: $1,175,894
  • Assessed Land Value: $706,952
  • Assessed Improvements Value: $468,942

    Sales

  • Current Sale Contract Date: Aug 27, 2013
  • Current Sale Recording Date: Aug 30, 2013
  • Current Sale Transaction ID: 1010262869
  • Current Sale Price: $998,009
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 13-1274647
  • Previous Sale Recording Date: Nov 04, 2005
  • Previous Sale Contract Date: Sep 13, 2005
  • Previous Sale Amount: $735,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: OPUS BANK
  • First Mortgage Transaction Date: Aug 30, 2013
  • First Mortgage Loan Amount: $660,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Sep 01, 2028

    Financing

  • First Mortgage Financing Type: Variable

About Central LA



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Nearby Rentals

Unit for rent at

$4,550 /mo

  • 1 Bed
  • 1 Bath
Listing by Lorena Setal

Frequently Asked Questions

What neighborhood is 1545 West 12th Street located in?
The 1545 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 1545 West 12th Street?
The average sales price for units in 1545 West 12th Street is $0 currently.

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