4500 Gilbert Place

4500 Gilbert Place has been categorized by the local assessors in Los Angeles, CA as a residential type of property. The building on the property was first built in 1921 and is 103 years old. In addition, 4500 Gilbert Place has 1,396 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,804 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The inside of the home is being cooled with air conditioning at the moment. The property was last sold in May 5, 2022 for $850,000. That's $608.88 per sqft. Prior to that sales transaction, the property was also sold in May 2, 2022 for $800,000. 4500 Gilbert Place was last assessed in 2023. The total value of the property was assessed at $867,000. Specifically, the land the property is located on was valued at $459,000. While improvements on the property were assessed at a total of $408,000. 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 $1,014. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!