See Home Value
$1,481,631*
House - Off Market

216 S Lake Street

Los Angeles, CA 90057
bedrooms
9 Beds
bathrooms
5 Baths
square feet
3323 Sqft
$1,260,000 - $1,538,000
Reference Base Price*
5.91%
Since Sep 1, 2022
CA-Los Angeles
Primary Model
Sold Feb 16, 2024
$28,000
Sold Feb 06, 2006
$709,000
Buyer
Seller
$567,200 by Nbgi Inc
Mortgage Due Mar 01, 2036

About This Property

Calling all Investors, Developers, and Contractors seeking value-add property near Downtown or Koreatown Los Angeles. This property has lots of potential for redevelopment with 6,250 SF lot on R3 zoning.  Build up to 14-units! Please contact Chris K with any questions.

The manager has listed the unit size as 3323 square feet.
Unit Size
3,323Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$421
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1903

Price History

Date / Event Date Event Price
Aug 17, 2022 No longer available -
No longer available
Jul 3, 2022 Relisted $1,399,000
Relisted
Jun 5, 2022 No longer available -
No longer available
Jun 1, 2022 Relisted $1,399,000
Relisted
May 23, 2022 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1903
  • Effective Year Built: 1912
  • Building Count: 1
  • Bedroom Count: 9
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Roof Shape Type: Gable
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Total Building Area: 3,323
  • Gross Building Area: 3,527
  • Building Area: 3,323
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 3,323
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5383
  • Land Acres: 0.144
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 5383 LOT/SEC 24

Ownership

  • Current Owner : DOONG JI
  • Current Owner 2: GBC WORLD
  • Previous Owner : WANG ANDY P
  • Owner Before Previous Owner: KIM SUK CHA
  • Ownership Rights Codes: Company/Corporation

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 208502

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 44-B1
  • Subdivision Tract Number: 5383
  • Parcel: 5154-008-019
  • Lot: 24
  • Municipality: WEST /WESTLAKE
  • Latitude: 34.0656
  • Longitude: -118.272

    Address

  • Full Address: 216 S Lake St
  • Address - House Number: 216
  • Street Direction: S
  • Address - Street Name: Lake
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C051
  • 4-Digit Zip Code: 2104
  • Zip Code: 90057

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,015
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2051
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 72
  • Final Value: 1,520,377
  • High Value: 1,832,343
  • Low Value: 1,208,410

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $924,675
  • Assessed Land Value: $730,791
  • Assessed Improvements Value: $193,884

    Sales

  • Current Sale Contract Date: Dec 19, 2023
  • Current Sale Recording Date: Feb 16, 2024
  • Current Sale Transaction ID: 11920864479
  • Current Sale Price: $28,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 105120
  • Previous Sale Recording Date: Feb 06, 2006
  • Previous Sale Contract Date: Feb 01, 2006
  • Previous Sale Amount: $709,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: NBGI INC
  • Previous Mortgage Transaction Date: Feb 06, 2006
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $567,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Negative Amortization
  • Previous Mortgage Loan Due Date: Mar 01, 2036



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
3 Baths
2,414 ft²
$539/ft²
$1,300,000 Feb 21, 2023
-
-
Multifamily
5 Beds
-
3,328 ft²
$391/ft²
$1,300,000 Feb 22, 2022
-
-
House
2 Beds
2 Baths
1,364 ft²
$1,209/ft²
$1,649,000 Feb 13, 2023
-
-
Multifamily
Stu
-
2,208 ft²
$532/ft²
$1,174,999 Jan 18, 2023
-
-
Multifamily
Stu
-
5,003 ft²
$280/ft²
$1,399,000 Jan 12, 2023
-
-
Multifamily
10 Beds
-
-
$1,495,000 Mar 6, 2023
-
-
Multifamily
4 Beds
-
-
$1,565,000 Mar 9, 2023
-
-
Land
Loft
-
-
$1,200,000 Feb 2, 2023
-
-
Multifamily
3 Beds
-
-
$1,259,000 Feb 16, 2023
-
-
Land
Loft
-
-
$1,150,000 Jan 12, 2023
-
-

About Central LA


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Frequently Asked Questions

When was property at 216 South Lake Street built and last sold?
The property at 216 South Lake Street was built in 1903 and last sold on Dec 19, 2023 for $28,000.
How much is this home worth?
The estimated value of the home located at 216 South Lake Street is $1,412,990.
What are some comparable homes to 216 South Lake Street?
There are currently no comparable homes to 216 South Lake Street.

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