LA County Tax Sale Coming Up; 3,500+ Properties Scheduled for Auction

Looking for information on the 2014 LA County Tax Sale? You can find it here.

With only a few days left until this year’s Los Angeles County Tax Sale – set to take place on October 21, 22 in Pomona – we thought we’d take a look at the properties that will go up for auction. And they’re quite a few!

According to our Los Angeles Foreclosure data, an impressive total of 3,503 properties will be auctioned off by the Los Angeles County Treasurer and Tax Collector as the owners failed to pay their property taxes. That’s 51 percent more than in 2012, when 2319 properties were up for grabs.foreclosure auction

Consisting mostly of vacant lots (a total of 1,602 properties that account for 46 percent) and single family homes & farms (1,009 units, accounting for 29 percent of all properties scheduled for auction), this year’s Los Angeles Tax Sale will have a median starting bid of over $8,000. However, more than a third of the properties have a minimum starting bid lower than $5,000.

You can take a look at all 3,503 properties on our dedicated section under the Los Angeles Foreclosures tab, narrow down your search using auction details such as minimum bid amount and property type, and conduct further research on any property that catches your eye. Find out when the property was built, who owns it, when it was last sold and for how much, its size and square footage, and much more. You can even run a Comparables search to get an estimated market value for the property.

1333 Miller Drive, West Hollywood, a single-family home scheduled for auction with a tax lien of $120,033 is a good example of what you might see at the Los Angeles County Tax Sale; the 2,016-square-foot home – built in 1934 – boasts 3 bedrooms and 3 bathrooms, and was most recently sold in 2007, when the current owner paid $2 million for the property. Running a Comparables search reveals that the median price of similar properties sold recently within a 1 mile radius exceeds $1.6 million, the property having an assessed value of $1,645,000. This sounds like a potentially great deal, depending on how much the price goes up during the bidding war and on the risks attached to buying a property at auction (e.g. poor state of the property).

Disclaimer: the information provided in this post is not, and should not be regarded as investment advice. Buying properties at auction has certain risks attached to it, and no due diligence was made to eliminate any of them.
Georgiana Mihaila

Georgiana Mihaila

After spending the first 6 years of her career training in the art of real estate alongside the Yardi team, Georgiana went on to become VP of Marketing for Montreal-based fintech company NestReady, then to run the marketing department behind one of the world’s leading self-dev media companies, Goalcast Inc. She’s now combining her passion for engaging content with a long-lasting addiction to real estate on FancyPantsHomes.com

Leave a Reply