Los Angeles  »  90017  »  Westlake

1221 West 3rd Street, Los Angeles, CA 90017

Westlake North, Westlake, Central LA, Los Angeles
Building in Westlake
Built in 2005
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Welcome to 1221 West 3rd Street, a building located in Westlake North, Westlake, Central LA, Los Angeles in Los Angeles, CA. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 2005. According to local assessors, the total value of the building is currently valued at $120,440,550. Specifically, the value of the land that the property sits on has been assessed at $2,184,929. The building was last assessed in 2023.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Amenities
Elevator
Policies
Cats Allowed
Dogs Allowed
Facts
General
Year Built
2005
Effective Year Built
2006
Building Count
1
Bedroom Count
99
Bathroom Count
99
Full Bathrooms
99
Partial Bathrooms
99
Building Condition
unknown
Building Quality
unknown
Construction Type
Wood
Building Style
unknown
Exterior Walls Type
unknown
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
unknown
Living Units
297
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
unknown
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
Pool
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Subdivision
COMPROMISE
Land Acres
1.139
Standard Land Use Code
Apartments (generic)
County Land Use Code
unknown
Legal Description 1
*TR=COMPROMISE SUB BEING A RESUB OF BLK W IN SUB OF LOT 1 AND BLK 1 OF SUB B OF LOT 8 BLK 38 H S*LOT 5 AND (EX OF ST) LOTS 6, 8, 10 AND 12 BLK 1 AND (EX OF ST) LOTS 7, 8, 9, 10 AND (EX OF STS) OF LOT/SEC 11 BLK/DIV/TWN W
Ownership
Current Owner's Name
PALMER THIRD ST PROPERTIES L P
Owner Address - City
BEVERLY HILLS
Owner Address - State
CA
Owner Address - ZIP Code
90210
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Los Angeles Unified School District
Census Tract
208001
Census Block Code
1022
Census Group
1
Census Year
2018
Census - Combined Statistical Area - Area Code
348
Census - Combined Statistical Area - Area Name
Los Angeles-Long Beach, CA
Census - County FIPS
06037
Census - Full FIPS
060372080001022
Census - Metropolitan Division - Area Code
31084
Census - Metropolitan Division - Area Name
Los Angeles-Long Beach-Glendale, CA
Census - Metro Micro Statistical Area - Area Code
31080
Census - Metro Micro Statistical Area - Area Name
Los Angeles-Long Beach-Anaheim, CA
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
0644000
Census Source
US Census Bureau
Census State FIPS
06
Census Tract Code
208000
School District - Unified - Grade High
12
School District - Unified - Grade Low
KG
School District - Unified - LEA Code
0622710
School District - Unified - Name
Los Angeles Unified School District
Zoning
Zoning
LACW
Geography
Assessors Map Reference
44-C2
Parcel
5152-013-019
Block
W,1
Lot
1,8
Lot Code
unknown
Municipality
HALL OF ADMIN/CONDO-CENT. CITY
Latitude
34.0573
Longitude
-118.258
FIPS
06037
Mailing Carrier Code
C003
Mailing Street Direction
N
Mailing Full Street Address
270 N CANON DR
Mailing House Number
270
Mailing Street Mode
DR
Mailing Street
CANON
Mailing 4-Digit Zip Code
5323
Geo Status Code
Prior to setting the GEOsource field the default value was 'P'.
Valuation
Timestamp
2023-08-10 02:09:29
UCID Flag
C
More About The Building
In total, the building area is listed as 354,707 square feet. The building itself has 354,707 square footage of total floor area. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 1221 West 3rd Street is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Westlake area have a median price of $1,895. Those in the 25th percentile, have a price around $1,404. While those in the 75th percentile, have a price around $1,971. Typically, the buildings in this area have a median sqft of 548. That means that the median price per sqft is around $3. In other words, the price per sqft for buildings in the 25th percentile is $3. While the price per sqft for buildings in the 75th percentile is $4. As a breakdown, we've included the following stats:

  • There are currently a total of 5 studio listings. The median price for these types of listings is $1,307. That's $4.36 price per sqft.

  • There are currently a total of 3 one bedroom listings. The median price for these types of listings is $1,895. That's $3.32 price per sqft.

  • There is currently a single advertised two bedroom listing.
  • There are currently no three bedroom listings being advertised in the area.
  • There is currently a single advertised four bedroom listing.
About The Area
1221 West 3rd Street is located in Los Angeles County, California. There are 10,057,155 people living here. There are 3,281,845 households. Most of these households have an average family size of 3.69 people. According to the census, 54% are currently renting while 46% own their homes. The median age of this population is around 35.8 years old. On average, most folks in the county are unmarried. About 57% of folks speak a language other than English in this area. The area's employment rate is currently around 58.6%. Speaking of employment, the median income is $57,952. Most folks will commute by car for around 30.4 minutes. Finally, we know that 21% of residents in the area have graduated with their high school degree. Additionally, 20% and 11% have their Bachelor's and Master's degree, respectfully.

Moving on to the urban area level. Los Angeles - Long Beach - Anaheim, CA Urban Area has a population of 12,492,745 people. Based on census records, there are 4,042,635 registered households. Families in this area are on average made up of 3.68 people per household. Most folks are unmarried. They are also typically around 35.9 years old. Does diversity matter to you? Right now, 56% of folks speak a language other than English here. About 53% rent while 47% purchased their homes. Right now, the community is made up of 20% of residents who have graduated with at least a high school degree. On top of that, 21% have a Bachelor's degree and 11% have a Master's degree. The employment rate is currently around 59.3%. Those employed, have a median income of $60,884. If you move here, you can expect to commute mostly by car for around 29.6 minutes.

$1,307
Studio Median Rent
$1,895
1BR Median Rent
-
2BR Median Rent
-
3BR Median Rent
PUBLIC TRANSIT
16
3rd / Bixel (Under 500 ft - 3 min walk)
Metro - Los Angeles
16
3rd / Bixel (500 ft - 3 min walk)
Metro - Los Angeles
53
62
487
Beaudry / 4th (720 ft - 3 min walk)
Metro - Los Angeles
16
Bixel / Maryland (780 ft - 3 min walk)
Metro - Los Angeles
16
Bixel / Maryland (850 ft - 4 min walk)
Metro - Los Angeles

Nearby Schools

(within attendance boundary)
309 Lucas Ave., Los Angeles, CA 90017
Public  •  Elementary  •  Grades KG to 6
Los Angeles Unified School District
Sal Castro Middle  •  0.38 mi
1575 W. 2nd St., Los Angeles, CA 90026
Public  •  Middle School  •  Grades 6 to 8
Los Angeles Unified School District
322 Lucas Ave., Los Angeles, CA 90017
Public  •  High School  •  Grades 9 to 12
Los Angeles Unified School District
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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