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1034 Hi Point Street

1034 Hi Point Street, Los Angeles, CA 90035
Multifamily in Carthay Square
Sold Jul 31, 2018
$1,580,000
$2,250,000 by Change Lending, Llc
Mortgage Due Dec 01, 2053
1034 Hi Point Street has been categorized by the local assessors in Los Angeles, CA as a residential type of property. The building on the property was first built in 1927 and is 97 years old. However, we must point out that the home was most recently renovated and altered in 1941. The home has a total of 5 bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. In addition, 1034 Hi Point Street has 3,242 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,506 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The inside of the home is being cooled with air conditioning at the moment. The property was last sold in Jul 6, 2018 for $1,580,000. That's $487.35 per sqft. 1034 Hi Point Street was last assessed in 2023. The total value of the property was assessed at $1,694,076. Specifically, the land the property is located on was valued at $1,072,201. While improvements on the property were assessed at a total of $621,875. 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 $19,810. 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. 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.

Building Features

Parking

Garage Parking
On-Street Parking

Driveway

Driveway

Exterior

Stucco Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1941
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,506
  • Total Building Area: 3,242
  • Gross Building Area: 3,242
  • Building Area: 3,242
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 3,242
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 7603
  • Land Acres: 0.149
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: TRACT # 7603 LOT/SEC 218

Ownership

  • Current Owner : RASHTIAN FAIRBORZ
  • Previous Owner : POSNER LENI

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 216800

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 42-E2
  • Subdivision Tract Number: 7603
  • Parcel: 5087-025-034
  • Lot: 218
  • Municipality: WEST /MID-CITY
  • Latitude: 34.0574
  • Longitude: -118.366

    Address

  • Full Address: 1034 Hi Point St
  • Address - House Number: 1034
  • Address - Street Name: Hi Point
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C011
  • 4-Digit Zip Code: 2608
  • Zip Code: 90035

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $19,810
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.0677
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 96
  • Final Value: 3,011,086
  • High Value: 3,215,123
  • Low Value: 2,807,048

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,250,000
  • First Open Lien Mortgage Lender: CHANGE LENDING, LLC
  • First Open Lien Mortgage Recording Date: Nov 22, 2023
  • First Open Lien Mortgage Loan Amount: $2,250,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,694,076
  • Assessed Land Value: $1,072,201
  • Assessed Improvements Value: $621,875

    Sales

  • Current Sale Contract Date: Jul 06, 2018
  • Current Sale Recording Date: Jul 31, 2018
  • Current Sale Transaction ID: 11488115977
  • Current Sale Price: $1,580,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 18-0766834

    Last Sale Mortgage

  • First Mortgage Lender: PUERTO ESCONDIDO LLC
  • First Mortgage Transaction Date: Jul 31, 2018
  • First Mortgage Loan Amount: $830,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

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Frequently Asked Questions

What neighborhood is 1034 Hi Point Street located in?
The 1034 Hi Point Street is a multifamily located in the neighborhood of Carthay Square in Central LA, Los Angeles.
What is the average sales price for listings in 1034 Hi Point Street?
The average sales price for units in 1034 Hi Point Street is $0 currently.

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