7120 8th Avenue

7120 8th Avenue has been categorized by the local assessors in Los Angeles, CA as a commercial type of property. The building on the property was first built in 1930 and is 94 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7120 8th Avenue has 4,000 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 5,999 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. We know that this is 4 code building. This code stands for "buildings that have wood or wood and steel frames.". 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 property was last sold in Apr 9, 2017 for $620,000. That's $155.00 per sqft. Prior to that sales transaction, the property was also sold in Aug 12, 2013 for $250,000. 7120 8th Avenue was last assessed in 2023. The total value of the property was assessed at $691,619. Specifically, the land the property is located on was valued at $557,759. While improvements on the property were assessed at a total of $133,860. 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 $8,504. The initial tax year of delinquency was in 2016. 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!