419 South Spring Street

Local assessors in Los Angeles, CA have categorized 419 South Spring Street as a office type of property. The home was built in 1927 and is 97 years old. It was most recently renovated and altered in 1947. The property's lot size has been calculated to be 12,141 square feet. If we look only at the heated or air conditioned part of the building, then 419 South Spring Street has a total of 121,884 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. 419 South Spring Street is a 2 code building. This code stands for "buildings that have fireproofed reinforced concrete frames carrying all wall, floor and roof loads which are all non-combustible.". 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 concrete control joints. 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, 419 South Spring Street was last sold in Feb 8, 2023 for $10,000,000. According to our calculations, that's $82.05 per sqft. Current property owners are expected to pay $209,184 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2020. The property on 419 South Spring Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $16,160,197. To break that down further, the land itself was valued at $10,769,258. While improvements to the property were assessed at a total of $5,390,939. 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.