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1233 Stearns Drive

1233 Stearns Drive, Los Angeles, CA 90035
Property in South Carthay
Sold Jul 13, 2017
$1,430,000
$400,000 by Midfirst Bank
Mortgage
1233 Stearns Drive in Los Angeles, CA was first built in 1926 and is 98 years old. Although, the building on the property was most recently renovated and altered in 1935. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1233 Stearns Drive has 2,885 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 6,016 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 C. Walk into the home itself and you'll find that it is currently being cooled with a refrigeration air conditioning system. 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, 1233 Stearns Drive sold most recently in May 26, 2017 for a total of $1,430,000. If you work out the math, that's approximately a cost of $495.67 per sqft. 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 $18,301 in taxes each year. 1233 Stearns Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,563,911. If we break it down further, the land itself was valued at $1,093,645. Improvements to the property, however, were assessed at a total of $470,266. The property's total assessed value has been marked as more than the total market value which is pretty atypical. 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.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: 1926
  • Effective Year Built: 1935
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,016
  • Total Building Area: 2,885
  • Gross Building Area: 2,885
  • Building Area: 2,885
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: unknown
  • Heated Square Feet: 2,885
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 7603
  • Land Acres: 0.138
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: TRACT # 7603 LOT/SEC 444

Ownership

  • Current Owner : 1233 STEARNS LLC
  • Previous Owner : MCCASLAND MICHAEL
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 42-E3
  • Subdivision Tract Number: 7603
  • Parcel: 5087-016-008
  • Lot: 444
  • Municipality: WEST /MID-CITY
  • Latitude: 34.0533
  • Longitude: -118.371

    Address

  • Full Address: 1233 Stearns Dr
  • Address - House Number: 1233
  • Address - Street Name: Stearns
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C011
  • 4-Digit Zip Code: 2642
  • Zip Code: 90035

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,301
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2291
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 68
  • Final Value: 1,959,698
  • High Value: 2,408,836
  • Low Value: 1,510,560

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $400,000
  • First Open Lien Mortgage Lender: MIDFIRST BANK
  • First Open Lien Mortgage Recording Date: Sep 28, 2023
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $400,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,563,911
  • Assessed Land Value: $1,093,645
  • Assessed Improvements Value: $470,266

    Sales

  • Current Sale Contract Date: May 26, 2017
  • Current Sale Recording Date: Jul 13, 2017
  • Current Sale Transaction ID: 1589657230
  • Current Sale Price: $1,430,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17-0780950

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Jul 13, 2017
  • First Mortgage Loan Amount: $929,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Aug 01, 2047

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 1233 Stearns Drive located in?
The 1233 Stearns Drive is a located in the neighborhood of South Carthay in Central LA, Los Angeles.
What is the average sales price for listings in 1233 Stearns Drive?
The average sales price for units in 1233 Stearns Drive is $0 currently.

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