Los Angeles County  »  1240 S Lake St

1240 South Lake Street, Los Angeles, CA 90006 Property Information

1240 South Lake Street, Los Angeles, CA 90006 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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1240 South Lake Street, Los Angeles, CA 90006
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Address

Primary address 1240 South Lake Street, Los Angeles
Zip code 90006
County Los Angeles
Municipality Los Angeles
Neighborhood Pico - Union

Sales & Tax Overview for 1240 South Lake Street, Los Angeles

View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.

Sale date 03/31/1989
Sale price $112,500
Arm's length
Current property tax $8,047

Lot & Building Information for 1240 South Lake Street, Los Angeles

Building sqft 6,544
Building class Rooming/Boarding House (0800)
Acreage 0.15
Units 8
Year built 1938
Year last altered 1970
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district
Weed hazard No
School district Los Angeles Unified School District

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Other Property Data for 1240 South Lake Street, Los Angeles

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  • • Improvements for 1240 South Lake Street, Los Angeles , including their type, square footage, grade and when they were built.
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About 1240 South Lake Street, Los Angeles

How many square feet does 1240 South Lake Street, Los Angeles, CA 90006 have?

This Rooming/Boarding House (0800) located at 1240 South Lake Street, Los Angeles, CA 90006 has a total of 6,544 square feet.

What is the year built & the current market value of 1240 South Lake Street, Los Angeles, CA 90006?

1240 South Lake Street, Los Angeles, CA 90006 was built in 1938 and has a current tax assessor's market value of $574,196.

How many commercial spaces does this building have?

This building has 8 commercial spaces available for lease.

Ownership Information

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Past Sales & Property History for 1240 South Lake Street, Los Angeles

Create a free account to view the complete sales history for 1240 South Lake Street, Los Angeles, including title documents, transfer conditions, mortgages and liens.

Purchase date Purchase price Buyer name Seller name
03/31/1989 $112,500

Title Documents for 1240 South Lake Street, Los Angeles

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Date Type Amount Party 1 Party 2 Maturity Document Doc image
09/22/2025 Assignment Trust Deed
03/02/2022 Assignment of Lease
Assignment of Rents
Financing Statement
Trust Deed
12/08/2005 Deed
03/31/1989 Deed
               
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R: Recorded date
D: Document date

Property Taxes for 1240 South Lake Street, Los Angeles

Access detailed property tax data for 1240 South Lake Street, Los Angeles, CA 90006. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Base tax $6,818
Current property tax $8,047
Market value $574,196

Special Assessments And Penalties for 1240 South Lake Street, Los Angeles

Special Assessments

Abatements, financial assistance programs and non-ad valorem taxes levied as special taxes/direct assessments are applicable for this property.

Code Description Tax levied
00194 Health License Fees
03694 La County Regional Park And Open Space District
18851 Los Angeles City Light Maintenance
03071 Los Angeles County Flood Control
00170 Los Angeles County Trauma/Emerg Srvs

Assessment History for 1240 South Lake Street, Los Angeles

Here's the assessment & property tax history for 1240 South Lake Street, Los Angeles, including the evolution of the total tax rate and corresponding property tax.

Year Assessment value Total tax rate Property tax Year over year change
2025-2026 $574,196 1.1874 $6,818 +0.95%
2024-2025 $562,938 1.1997 $6,754 +2.03%
2023-2024 $551,900 1.1994 $6,619 +4.97%
2022-2023 $541,080 1.1655 $6,306 +1.16%
2021-2022 $530,472 1.1752 $6,234 -1.06%

Permits for 1240 South Lake Street, Los Angeles

The complete history of permits filed for 1240 South Lake Street, Los Angeles, including new construction or demolition permits, complaints, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.

Issued Permit Type Sub type Valuation Expires Status
12/08/2020
09/07/2006
08/23/2004
             
             
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Los Angeles residential market stats

Median Sale Price
$1,000,000
1% YoY
Median Price/Sqft
$663
1.5% YoY
Los Angeles County Median Sale Price
$872,000
0.2% YoY

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Demographics by Zip Code

Total population 55,527
Median age 36.8
Average household income $69,243
Family households 60.8%
Occupied housing units 19,709
Owner occupied units 9.7%
Average number of people per household 2.74
Median year structure built 1955
Median value for units with a mortgage $904,600
Median value for units without a mortgage $899,100

Risk

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FEMA flood zone(s) X (See more on map)
Fire hazard zone See more on map
Faults and tsunami inundation zone map
Landslides and liquefaction map
Earthquake-induced liquefaction area

Transportation

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Neighbors for 1240 South Lake Street, Los Angeles

Here are the neighbors for 1240 South Lake Street, Los Angeles.

Address Square feet Purchase date Purchase price
1252 S Lake St, Los Angeles 12,960 11/06/2006
1220 S Lake St, Los Angeles 3,097 09/01/2000 $245,002
1250 S Lake St, Los Angeles 11/06/2006
1200 S Hoover St, Los Angeles 41,172 04/28/2017
1214 S Lake St, Los Angeles 20,460 07/16/2021 $5,360,000
1209 S Lake St, Los Angeles 52,968 04/28/2017
2127 W Pico Blvd, Los Angeles 6,573 03/01/2010
1232 S Lake St, Los Angeles 5,736 12/08/2005
1223 S Alvarado St, Los Angeles 5,105 06/25/2010
1214 S Hoover St, Los Angeles 9,744 09/05/2013
1237 S Alvarado St, Los Angeles 23,430 04/12/2019
1244 S Lake St, Los Angeles 10,440 08/29/1996 $656,000
2121 W Pico Blvd, Los Angeles 6,777 02/09/2011
1210 S Lake St, Los Angeles 9,734 06/22/2017
2120 W 12th St, Los Angeles 12,792 01/17/2013
2105 W Pico Blvd, Los Angeles 9,100 12/07/2005
1231 S Alvarado St, Los Angeles 5,442 09/02/2021
1201 S Alvarado St, Los Angeles 1,050 05/23/2014
1217 S Alvarado St, Los Angeles 12,850 09/14/2020
2210 W 12th St, Los Angeles 2,529 04/28/2017

Nearby ZIP Codes for 1240 South Lake Street, Los Angeles

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