Los Angeles County  »  1240 W 2nd St

1240 West 2nd Street, Los Angeles, CA 90026 Property Information

1240 West 2nd Street, Los Angeles, CA 90026 Property Information

  • General
  • Owner
  • Documents
  • Tax
  • Permits
  • Neighborhood
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1240 West 2nd Street, Los Angeles, CA 90026
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Address

Primary address 1240 West 2nd Street, Los Angeles
Zip code 90026
County Los Angeles
Municipality Los Angeles
Neighborhood Westlake

Sales & Tax Overview for 1240 West 2nd 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 12/05/2024
Sale price $14,900,000
Arm's length
Current property tax $27,501

Lot & Building Information for 1240 West 2nd Street, Los Angeles

Building class Industrial - Vacant (300V)
Acreage 0.11
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Zoning, Use & Area Overview

Walk Score
Transit Score
Bike Score


Zoning district
Weed hazard Yes
School district Los Angeles Unified School District

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Other Property Data for 1240 West 2nd Street, Los Angeles

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About 1240 West 2nd Street, Los Angeles

What is the market value of 1240 West 2nd Street, Los Angeles, CA 90026?

The current market value is $2,295,000.

Ownership Information

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Past Sales & Property History for 1240 West 2nd Street, Los Angeles

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Purchase date Purchase price Buyer name Seller name
12/05/2024 $14,900,000
04/05/2016 $1,034,000
       
       
       
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Title Documents for 1240 West 2nd Street, Los Angeles

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Date Type Amount Party 1 Party 2 Maturity Document Doc image
12/05/2024 Grant Deed
(Sale for consideration - full DTT)
03/16/2020 Assignment of Rents
Trust Deed
12/27/2018 Grant Deed
(File correction - 6 parcels in multiple sale)
04/05/2016 Grant Deed
(Sale for consideration - full DTT - 6 parcels in multiple sale)
03/17/2016 Grant Deed
08/07/2007 Deed
08/07/2007 Deed
02/12/2007 Deed
02/12/2007 Deed
11/04/2003 Deed
(File correction - 6 parcels in multiple sale)
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R: Recorded date
D: Document date

Property Taxes for 1240 West 2nd Street, Los Angeles

Access detailed property tax data for 1240 West 2nd Street, Los Angeles, CA 90026. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year: 2025-2026
Base tax $27,251
Current property tax $27,501
Market value $2,295,000

Special Assessments And Penalties for 1240 West 2nd 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
18851 Los Angeles City Light Maintenance
03071 Los Angeles County Flood Control
18850 Los Angeles Landscape & Lighting Dist #96-1
18869 Los Angeles-Stormwater Pollution Abatement
00177 Safe, Clean Water Program Funding Measure W

Assessment History for 1240 West 2nd Street, Los Angeles

Here's the assessment & property tax history for 1240 West 2nd 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 $2,295,000 1.1874 $27,251 +482.88%
2024-2025 $389,697 1.1997 $4,675 +2.03%
2023-2024 $382,056 1.1994 $4,582 +4.97%
2022-2023 $374,565 1.1655 $4,366 +1.15%
2021-2022 $367,221 1.1752 $4,316 -1.05%

Permits for 1240 West 2nd Street, Los Angeles

The complete history of permits filed for 1240 West 2nd 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.

Data not available for this property.

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 62,692
Median age 37.2
Average household income $127,322
Family households 45.2%
Occupied housing units 27,129
Owner occupied units 23.5%
Average number of people per household 2.26
Median year structure built 1945
Median value for units with a mortgage $1,246,400
Median value for units without a mortgage $1,075,000

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

Transportation

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Neighbors for 1240 West 2nd Street, Los Angeles

Here are the neighbors for 1240 West 2nd Street, Los Angeles.

Address Square feet Purchase date Purchase price
1254 W 2nd St, Los Angeles 8,736 12/05/2024 $14,900,000
1301 W 2nd St, Los Angeles 6,278 11/20/2023 $4,171,000
1246 W 1st St, Los Angeles 13,416 07/02/2013
119 S Bixel St, Los Angeles 1,032 01/31/2017 $350,000
1262 W 2nd St, Los Angeles 4,800 12/05/2024 $14,900,000
1245 W 2nd St, Los Angeles 1,050 01/31/2017 $350,000
1259 W 2nd St, Los Angeles 1,256 10/08/2021 $600,000
115 S Bixel St, Los Angeles 1,246 10/08/2021 $300,000
117 S Bixel St, Los Angeles 1,235 10/08/2021 $600,000
1263 W 2nd St, Los Angeles 960 11/09/2016
1261 W 2nd St, Los Angeles 1,346 05/14/2004
1246 W 2nd St, Los Angeles 3,400 12/05/2024 $14,900,000
1264 W 2nd St, Los Angeles 5,600 12/05/2024 $14,900,000
242 S Toluca St, Los Angeles 2,056 04/02/2020 $795,000
1282 W 2nd St, Los Angeles 7,780 04/06/2021
251 Emerald St, Los Angeles 1,104 08/27/2018
222 S Toluca St, Los Angeles 1,678 05/17/2017
1249 W 2nd St, Los Angeles 1,130 03/29/2016
1260 W 2nd St, Los Angeles 3,600 12/05/2024 $14,900,000
222 1/2 S Toluca St, Los Angeles 584 07/23/2020

Nearby ZIP Codes for 1240 West 2nd Street, Los Angeles

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