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1225 West 54th Street

1225 West 54th Street, Los Angeles, CA 90037
Multifamily in Voices of 90037
Sold Jan 21, 2021
$500,000
$700,000 by Jet Mortgage
Mortgage Due May 01, 2053
Local assessors in Los Angeles, CA have categorized 1225 West 54th Street as a residential type of property. The home was built in 1931 and is 93 years old. The property's lot size has been calculated to be 5,188 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a triplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 1225 West 54th Street has a total of 2,122 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Jan 7, 2021 for $500,000. That's $235.63 per sqft. 1225 West 54th Street was last assessed in 2023. The total value of the property was assessed at $520,200. Specifically, the land the property is located on was valued at $364,140. While improvements on the property were assessed at a total of $156,060. 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 $6,302. The initial tax year of delinquency was in 2021. 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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Triplex
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,188
  • Total Building Area: 2,122
  • Gross Building Area: 2,122
  • Building Area: 2,122
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,122
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VERMONT AVE VILLA TR
  • Land Acres: 0.119
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: VERMONT AVE VILLA TRACT LOT/SEC 104

Ownership

  • Current Owner : BUENO BRISA
  • Previous Owner : GIBSON KEITH
  • Previous Owner 2: ESTATE OF IRIS LEE ROZIER
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 232602

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 51-F3
  • Parcel: 5002-006-009
  • Lot: 104
  • Municipality: WEST /SO. WEST L.A.
  • Latitude: 33.9934
  • Longitude: -118.297

    Address

  • Full Address: 1225 W 54th St
  • Address - House Number: 1225
  • Street Direction: W
  • Address - Street Name: 54th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C024
  • 4-Digit Zip Code: 3438
  • Zip Code: 90037

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,302
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 00-212

    Appraisal Valuation

  • Standard Deviation: 0.2233
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 799,164
  • High Value: 977,695
  • Low Value: 620,632

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $700,000
  • First Open Lien Mortgage Lender: JET MORTGAGE
  • First Open Lien Mortgage Recording Date: May 01, 2023
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $700,000
  • 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: May 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $520,200
  • Assessed Land Value: $364,140
  • Assessed Improvements Value: $156,060

    Sales

  • Current Sale Contract Date: Jan 07, 2021
  • Current Sale Recording Date: Jan 21, 2021
  • Current Sale Transaction ID: 11813970383
  • Current Sale Price: $500,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0106672

    Last Sale Mortgage

  • First Mortgage Lender: PRIDECO PRIVATE MORTGAGE LOAN
  • First Mortgage Transaction Date: Jan 21, 2021
  • First Mortgage Loan Amount: $464,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 1225 West 54th Street located in?
The 1225 West 54th Street is a multifamily located in the neighborhood of Voices of 90037 in South LA, Los Angeles.
What is the average sales price for listings in 1225 West 54th Street?
The average sales price for units in 1225 West 54th Street is $0 currently.

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