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1024 West 24th Street

1024 West 24th Street, Los Angeles, CA 90007
Property in University Park
Sold Feb 10, 2022
$3,350,000
$3,412,500 by Silicon Valley Bank
Mortgage
Sold Jul 28, 2021
$2,350,000
$1,792,000 by First General Bank
Mortgage
1024 West 24th Street in Los Angeles, CA was first built in 1963 and is 61 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 12 are bedrooms. In terms of bathrooms, there are a total of 14 full bathrooms. There are 14 partial bathrooms. 1024 West 24th Street has 8,563 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 7,244 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. The property was last sold in Jan 24, 2022 for $3,350,000. That's $391.22 per sqft. Prior to that sales transaction, the property was also sold in Jun 14, 2021 for $2,350,000. 1024 West 24th Street was last assessed in 2023. The total value of the property was assessed at $3,417,000. Specifically, the land the property is located on was valued at $2,193,000. While improvements on the property were assessed at a total of $1,224,000. 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 $28,833. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Bedroom Count: 12
  • Bathroom Count: 14
  • Full Bathrooms: 14
  • Partial Bathrooms: 14
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 14
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,244
  • Total Building Area: 8,563
  • Gross Building Area: 8,563
  • Building Area: 8,563
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 8,563
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: C M WELLS TRACT
  • Land Acres: 0.166
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: C M WELLS TRACT LOT/SEC 14 BLK/DIV/TWN 2

Ownership

  • Current Owner : API 1024 HOLDINGS LLC
  • Previous Owner : 1024 24TH LLC
  • Owner Before Previous Owner: DUARTE ANA EDITH
  • Owner Before Previous Owner 2: THE SURVIVORS TRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 224410

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 44-A5
  • Parcel: 5124-008-018
  • Block: 2
  • Lot: 14
  • Municipality: WEST /UNIVERSITY PARK
  • Latitude: 34.0335
  • Longitude: -118.283

    Address

  • Full Address: 1024 W 24th St
  • Address - House Number: 1024
  • Street Direction: W
  • Address - Street Name: 24th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C004
  • 4-Digit Zip Code: 1825
  • Zip Code: 90007

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $28,833
  • Tax Rate Code Area: 00-048

    Appraisal Valuation

  • Standard Deviation: 0.221
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 55
  • Final Value: 3,268,118
  • High Value: 3,990,512
  • Low Value: 2,545,723

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,412,500
  • First Open Lien Mortgage Lender: SILICON VALLEY BANK
  • First Open Lien Mortgage Recording Date: Feb 10, 2022
  • First Open Lien Mortgage Loan Amount: $3,412,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,417,000
  • Assessed Land Value: $2,193,000
  • Assessed Improvements Value: $1,224,000

    Sales

  • Current Sale Contract Date: Jan 24, 2022
  • Current Sale Recording Date: Feb 10, 2022
  • Current Sale Transaction ID: 11879386035
  • Current Sale Price: $3,350,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 168031
  • Previous Sale Recording Date: Jul 28, 2021
  • Previous Sale Contract Date: Jun 14, 2021
  • Previous Sale Amount: $2,350,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: SILICON VALLEY BANK
  • First Mortgage Transaction Date: Feb 10, 2022
  • First Mortgage Loan Amount: $3,412,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

    Previous Mortgages

  • Previous Mortgage Lender: FIRST GENERAL BANK
  • Previous Mortgage Transaction Date: Jul 28, 2021
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $1,792,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 1024 West 24th Street located in?
The 1024 West 24th Street is a located in the neighborhood of University Park in South LA, Los Angeles.
What is the average sales price for listings in 1024 West 24th Street?
The average sales price for units in 1024 West 24th Street is $0 currently.

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