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241 East 111th Street

241 East 111th Street, Los Angeles, CA 90061
Multifamily in South LA
Sold Aug 27, 2020
$386,500
$500,000 by First Republic Bank
Mortgage Due Nov 01, 2050
Sold Nov 27, 2019
$885,000
241 East 111th Street in Los Angeles, CA was first built in 2019 and is 5 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. It is a single story home. There are a total of 0 rooms in the home, of which, 10 are bedrooms. In terms of bathrooms, there are a total of 6 full bathrooms. There are 6 partial bathrooms. 241 East 111th Street has 3,536 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. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,330. In total, the area measurement of the land is 5,323 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of A. As for heating, the home is utilizing floor/wall heating system. The property was last sold in Jun 1, 2020 for $386,500. That's $109.30 per sqft. Prior to that sales transaction, the property was also sold in Nov 21, 2019 for $885,000. 241 East 111th Street was last assessed in 2023. The total value of the property was assessed at $920,754. Specifically, the land the property is located on was valued at $416,160. While improvements on the property were assessed at a total of $504,594. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $11,167. The initial tax year of delinquency was in 2019. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 10
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Duplex
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,323
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 400
  • Total Building Area: 3,536
  • Gross Building Area: 3,536
  • Building Area: 3,536
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 3,536
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 4449
  • Land Acres: 0.122
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: TRACT NO 4449 W 4O FT OF E 8O FT OF LOT/SEC 182

Ownership

  • Current Owner : NANDON PROPERTIES LLC
  • Previous Owner : GORMLY DONALD W
  • Previous Owner 2: GORMLY NANCY J
  • Owner Before Previous Owner: OCEAN DEVELOPMET INC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 241110

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 58-B4
  • Subdivision Tract Number: 4449
  • Parcel: 6073-015-027
  • Lot: 182
  • Municipality: SOUTH /WATTS R.I.
  • Latitude: 33.935
  • Longitude: -118.27

    Address

  • Full Address: 241 E 111th St
  • Address - House Number: 241
  • Street Direction: E
  • Address - Street Name: 111th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C042
  • 4-Digit Zip Code: 2533
  • Zip Code: 90061

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,167
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 00-461

    Appraisal Valuation

  • Standard Deviation: 0.2373
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 66
  • Final Value: 842,604
  • High Value: 1,042,612
  • Low Value: 642,596

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,000
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Oct 30, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $920,754
  • Assessed Land Value: $416,160
  • Assessed Improvements Value: $504,594

    Sales

  • Current Sale Contract Date: Jun 01, 2020
  • Current Sale Recording Date: Aug 27, 2020
  • Current Sale Transaction ID: 11784008569
  • Current Sale Price: $386,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20-1010578
  • Previous Sale Recording Date: Nov 27, 2019
  • Previous Sale Contract Date: Nov 21, 2019
  • Previous Sale Amount: $885,000
  • Previous Sale Document Type: Warranty Deed

About South LA



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Frequently Asked Questions

What neighborhood is 241 East 111th Street located in?
The 241 East 111th Street is a multifamily located in the neighborhood of South LA in South LA, Los Angeles.
What is the average sales price for listings in 241 East 111th Street?
The average sales price for units in 241 East 111th Street is $0 currently.

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