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12040 Culver Boulevard

12040 Culver Boulevard, Los Angeles, CA 90066
Multifamily in Marina del Rey
Sold Jun 03, 2008
$415,000
Seller
$588,000 by First Entertainment Cu
Mortgage Due Jan 01, 2050
Sold Jul 19, 2007
$565,395
12040 Culver Boulevard 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 1952 and is 72 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. In addition, 12040 Culver Boulevard has 1,170 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 2,500 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 B by the local assessor. The inside of the home is being cooled with air conditioning at the moment. 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, 12040 Culver Boulevard sold most recently in Apr 16, 2008 for a total of $415,000. If you work out the math, that's approximately a cost of $354.70 per sqft. Before that, the property was also sold for $565,395 in Jul 16, 2007. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $7,514 in taxes each year. 12040 Culver Boulevard was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $631,243. If we break it down further, the land itself was valued at $441,871. Improvements to the property, however, were assessed at a total of $189,372. 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: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,500
  • Total Building Area: 1,170
  • Gross Building Area: 1,170
  • Building Area: 1,170
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,170
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 7829
  • Land Acres: 0.057
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: TRACT # 7829 LOT/SEC 137

Ownership

  • Current Owner : PERCHES JOHN P
  • Previous Owner : US BANK NA
  • Owner Before Previous Owner: VANELVE SASKIA KRAFT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 275500

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 41-E6
  • Subdivision Tract Number: 7829
  • Parcel: 4221-002-012
  • Lot: 137
  • Municipality: WEST /CULVER CITY
  • Latitude: 33.9937
  • Longitude: -118.418

    Address

  • Full Address: 12040 Culver Blvd
  • Address - House Number: 12040
  • Address - Street Name: Culver
  • Address - Suffix Type: Blvd
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C004
  • 4-Digit Zip Code: 6216
  • Zip Code: 90066

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,514
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2268
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 1,033,298
  • High Value: 1,267,752
  • Low Value: 798,844

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $588,000
  • First Open Lien Mortgage Lender: FIRST ENTERTAINMENT CU
  • First Open Lien Mortgage Recording Date: Dec 10, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $588,000
  • 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: Jan 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $631,243
  • Assessed Land Value: $441,871
  • Assessed Improvements Value: $189,372

    Sales

  • Current Sale Contract Date: Apr 16, 2008
  • Current Sale Recording Date: Jun 03, 2008
  • Current Sale Transaction ID: 1030633092
  • Current Sale Price: $415,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 08-0978232
  • Previous Sale Recording Date: Jul 19, 2007
  • Previous Sale Contract Date: Jul 16, 2007
  • Previous Sale Amount: $565,395
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jun 03, 2008
  • First Mortgage Loan Amount: $353,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jun 01, 2038

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Frequently Asked Questions

What neighborhood is 12040 Culver Boulevard located in?
The 12040 Culver Boulevard is a multifamily located in the neighborhood of Marina del Rey in West Los Angeles, Los Angeles.
What is the average sales price for listings in 12040 Culver Boulevard?
The average sales price for units in 12040 Culver Boulevard is $0 currently.

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