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1140 West 81st Street

1140 West 81st Street, Los Angeles, CA 90044
Sold May 09, 2019
$570,000
$456,000 by Commerce Mortgage
Mortgage Due Jun 01, 2049
Sold Aug 22, 2018
$415,000
$380,375 by Center Street Lending Fund Iv
Mortgage
1140 West 81st 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 1933 and is 91 years old. The home has a total of 2 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1140 West 81st Street has 1,401 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,020 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 4,080 square feet.

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 B by the local assessor. In terms of heating, it is utilizing floor/wall heating system. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1140 West 81st Street sold most recently in Apr 11, 2019 for a total of $570,000. If you work out the math, that's approximately a cost of $406.85 per sqft. Before that, the property was also sold for $415,000 in Aug 7, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,249 in taxes each year. 1140 West 81st Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $611,151. If we break it down further, the land itself was valued at $427,914. Improvements to the property, however, were assessed at a total of $183,237. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,080
  • Lot Size Depth Feet: 1,020
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,401
  • Building Area: 1,401
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,401
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 8933
  • Land Acres: 0.094
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 8933 W 20 FT OF LOT 113 AND E 20 FT OF LOT/SEC 114

Ownership

  • Current Owner : CASTILLO PALACIO ROXIE MARCITA
  • Current Owner 2: PALACIO JOHN ANSELMO
  • Previous Owner : HERNANDEZ ANGEL
  • Owner Before Previous Owner: STOCKPILE PROPERTY VENTURES LLC
  • Is Owner Occupied: Owner-occupied property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Aug 07, 2023

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 238200

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 57-F1
  • Subdivision Tract Number: 8933
  • Parcel: 6033-018-020
  • Lot: 113
  • Municipality: WEST /HYDE PARK
  • Latitude: 33.9656
  • Longitude: -118.296

    Address

  • Full Address: 1140 W 81st St
  • Address - House Number: 1140
  • Street Direction: W
  • Address - Street Name: 81st
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C002
  • 4-Digit Zip Code: 3516
  • Zip Code: 90044

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,249
  • Tax Rate Code Area: 00-212

    Appraisal Valuation

  • Standard Deviation: 0.2137
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 70
  • Final Value: 817,358
  • High Value: 992,089
  • Low Value: 642,628

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $456,000
  • First Open Lien Mortgage Lender: COMMERCE MORTGAGE
  • First Open Lien Mortgage Recording Date: May 09, 2019
  • First Open Lien Mortgage Loan Amount: $456,000
  • 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: Jun 01, 2049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $611,151
  • Assessed Land Value: $427,914
  • Assessed Improvements Value: $183,237

    Sales

  • Current Sale Contract Date: Apr 11, 2019
  • Current Sale Recording Date: May 09, 2019
  • Current Sale Transaction ID: 11604527413
  • Current Sale Price: $570,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0425015
  • Previous Sale Recording Date: Aug 22, 2018
  • Previous Sale Contract Date: Aug 07, 2018
  • Previous Sale Amount: $415,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: COMMERCE MORTGAGE
  • First Mortgage Transaction Date: May 09, 2019
  • First Mortgage Loan Amount: $456,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: CENTER STREET LENDING FUND IV
  • Previous Mortgage Transaction Date: Aug 22, 2018
  • Previous Mortgage Loan Amount: $380,375
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About South LA



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Frequently Asked Questions

What neighborhood is 1140 West 81st Street located in?
The 1140 West 81st Street is a house located in the neighborhood of Vermont Knolls in South LA, Los Angeles.
What is the average sales price for listings in 1140 West 81st Street?
The average sales price for units in 1140 West 81st Street is $0 currently.

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