408 South Spring Street

Local assessors in Los Angeles, CA have categorized 408 South Spring Street as a residential type of property. The home was built in 1904 and is 120 years old. It was most recently renovated and altered in 1940. The property's lot size has been calculated to be 7,075 square feet. The linear feet between the front and back of the lot was measured at 860 ft and the front of the lot was measured at 820 ft. As for the restroom situation, there are 57 full bathrooms. There are also 57 partial bathrooms. This is a 12 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 408 South Spring Street has a total of 77,032 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 steel control joints. The building has a roof that is made of concrete. Lots of concrete were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heat pump is the primary heating source. The property was last sold in Aug 22, 2018 for $28,600,000. That's $371.27 per sqft. 408 South Spring Street was last assessed in 2023. The total value of the property was assessed at $30,664,977. Specifically, the land the property is located on was valued at $4,503,247. While improvements on the property were assessed at a total of $26,161,730. 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 $371,344. The initial tax year of delinquency was in 2022. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.