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1016 South Vancouver Avenue

1016 South Vancouver Avenue, Los Angeles, CA 90022
Multifamily in East Los Angeles
1 Units For Sale
Unit for sale at 1016 S Vancouver Ave, Los Angeles, CA 90022

$1,888,888

  • Loft
  • 5,258 ft²
1016 S Vancouver Ave, Los Angeles, CA 90022 Listing by Shant Sherbetdjian

1016 South Vancouver Avenue in Los Angeles, CA was first built in 1929 and is 95 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 8 are bedrooms. In terms of bathrooms, there are a total of 8 full bathrooms. There are 8 partial bathrooms. 1016 South Vancouver Avenue has 5,258 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 10,068 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. The property was last sold in Aug 31, 2021 for $935,000. That's $177.82 per sqft. Prior to that sales transaction, the property was also sold in Apr 23, 2018 for $1,810,000. 1016 South Vancouver Avenue was last assessed in 2023. The total value of the property was assessed at $1,330,080. Specifically, the land the property is located on was valued at $740,520. While improvements on the property were assessed at a total of $589,560. 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 $18,441. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.

Building Features

Parking

Covered Parking
Garage Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20221017
10/17/2022
8 Bed
-
-
$1,995,000
bedrooms
8 Bed
bathrooms
-
-
-
-
Shant Sherbetdjian
Remax Commercial and Investment Realty

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • Building Count: 3
  • Bedroom Count: 8
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 8
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,068
  • Total Building Area: 5,258
  • Gross Building Area: 5,258
  • Building Area: 5,258
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 5,258
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5291
  • Land Acres: 0.231
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: TRACT # 5291 LOTS 103 AND LOT/SEC 104

Ownership

  • Current Owner : GODSPEED777 INVESTMENTS LLC
  • Previous Owner : CHENG PAUL
  • Previous Owner 2: CHENG MARY
  • Owner Before Previous Owner: VANCOUVER VILLAS LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 531702

Zoning

  • Zoning: LCR4YY

Geography

  • Assessors Map Reference: 53-F1
  • Subdivision Tract Number: 5291
  • Parcel: 5245-011-036
  • Lot: 103
  • Municipality: EAST /EAST L.A.
  • Latitude: 34.0187
  • Longitude: -118.16

    Address

  • Full Address: 1016 S Vancouver Ave
  • Address - House Number: 1016
  • Street Direction: S
  • Address - Street Name: Vancouver
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C066
  • 4-Digit Zip Code: 3942
  • Zip Code: 90022

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,441
  • Tax Rate Code Area: 06-457

    Appraisal Valuation

  • Standard Deviation: 0.2198
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 56
  • Final Value: 1,327,963
  • High Value: 1,619,980
  • Low Value: 1,035,945

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $935,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Sep 09, 2021
  • First Open Lien Mortgage Loan Amount: $935,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,330,080
  • Assessed Land Value: $740,520
  • Assessed Improvements Value: $589,560

    Sales

  • Current Sale Contract Date: Aug 31, 2021
  • Current Sale Recording Date: Sep 09, 2021
  • Current Sale Transaction ID: 11854601217
  • Current Sale Price: $935,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1374673
  • Previous Sale Recording Date: Aug 20, 2018
  • Previous Sale Contract Date: Apr 23, 2018
  • Previous Sale Amount: $1,810,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Sep 09, 2021
  • First Mortgage Loan Amount: $935,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About East Los Angeles



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Frequently Asked Questions

What neighborhood is 1016 South Vancouver Avenue located in?
The 1016 South Vancouver Avenue is a multifamily located in the neighborhood of East Los Angeles in East Los Angeles, Los Angeles.
How many listings are currently for sale in 1016 South Vancouver Avenue?
There is one unit for sale right now.
What is the average sales price for listings in 1016 South Vancouver Avenue?
The average sales price for units in 1016 South Vancouver Avenue is $1,888,888 , or $359/sqft. currently.

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