616 East 118th Place

616 East 118th 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 1940 and is 84 years old. However, we must point out that the home was most recently renovated and altered in 1963. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. In addition, 616 East 118th Place has 1,725 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,390 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 5,561 square feet.

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 C by the local assessor. In terms of heating, it is utilizing floor/wall heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 616 East 118th Place sold most recently in Feb 19, 2021 for a total of $495,000. If you work out the math, that's approximately a cost of $286.96 per sqft. Before that, the property was also sold for $380,000 in Aug 18, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,430 in taxes each year. The initial year of tax delinquency occurred in 2020. 616 East 118th Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $514,997. If we break it down further, the land itself was valued at $388,797. Improvements to the property, however, were assessed at a total of $126,200. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.