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1274 East 48th Street

1274 East 48th Street, Los Angeles, CA 90011
Sold Dec 05, 2019
$425,000
$382,500 by Jpmorgan Chase Bank Na
Mortgage Due Jan 01, 2050
Sold Feb 21, 2019
$395,000
$294,000 by Loan Mavericks
Mortgage
1274 East 48th Street in Los Angeles, CA was first built in 1904 and is 120 years old. Although, the building on the property was most recently renovated and altered in 1940. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a bungalow style. It is a single story home. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1274 East 48th Street has 1,251 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. The linear feet across the front of the lot is 320 ft and the linear feet between the front and back of the lot is 1,360. In total, the area measurement of the land is 4,428 square feet.

Learn more about the property and building on this page. The roof of the home is made of composition shingle. Water for the property is sourced from a municipal system. There is one available parking space. 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. The condition of the building has been evaluated as good. The exterior walls of the home are made of stucco. As for heating, the home is utilizing floor/wall heating 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, 1274 East 48th Street sold most recently in Nov 14, 2019 for a total of $425,000. If you work out the math, that's approximately a cost of $339.73 per sqft. Before that, the property was also sold for $395,000 in Jan 11, 2019. 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 $5,328 in taxes each year. 1274 East 48th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $446,748. If we break it down further, the land itself was valued at $283,817. Improvements to the property, however, were assessed at a total of $162,931. 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: 1904
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Bungalow
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,428
  • Lot Size Depth Feet: 1,360
  • Lot Size Frontage Feet: 320
  • Total Building Area: 1,251
  • Building Area: 1,251
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,251
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CENTRAL PARK FRONT TRACT
  • Land Acres: 0.102
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CENTRAL PARK FRONT TRACT W 32.5 FT OF E 101.25 FT OF LOTS 45,46 AND LOT/SEC 47 BLK/DIV/TWN 2

Ownership

  • Current Owner : ARRIOLA WALTER J OBANDO
  • Current Owner 2: POLANCO SAUL A PENADO
  • Previous Owner : GROVER CLEVELAND COMMUNITY DEV CTR
  • Owner Before Previous Owner: CARRANZA MARIA E PARADA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 228710

Zoning

  • Zoning: LARD2

Geography

  • Assessors Map Reference: 52-D3
  • Subdivision Tract Number: W
  • Parcel: 5107-020-025
  • Block: 2
  • Lot: 45,46
  • Municipality: SOUTH /L.A./FLORENCE
  • Latitude: 33.9996
  • Longitude: -118.253

    Address

  • Full Address: 1274 E 48th St
  • Address - House Number: 1274
  • Street Direction: E
  • Address - Street Name: 48th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C014
  • 4-Digit Zip Code: 4236
  • Zip Code: 90011

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,328
  • Tax Rate Code Area: 00-007

    Appraisal Valuation

  • Standard Deviation: 0.2322
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 67
  • Final Value: 655,809
  • High Value: 808,096
  • Low Value: 503,522

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $382,500
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Dec 05, 2019
  • First Open Lien Mortgage Loan Amount: $382,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $446,748
  • Assessed Land Value: $283,817
  • Assessed Improvements Value: $162,931

    Sales

  • Current Sale Contract Date: Nov 14, 2019
  • Current Sale Recording Date: Dec 05, 2019
  • Current Sale Transaction ID: 11706890190
  • Current Sale Price: $425,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19-1341325
  • Previous Sale Recording Date: Feb 21, 2019
  • Previous Sale Contract Date: Jan 11, 2019
  • Previous Sale Amount: $395,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Dec 05, 2019
  • First Mortgage Loan Amount: $382,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Jan 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: LOAN MAVERICKS
  • Previous Mortgage Transaction Date: Feb 21, 2019
  • Previous Mortgage Loan Amount: $294,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 1274 East 48th Street located in?
The 1274 East 48th Street is a house located in the neighborhood of Central Alameda in South LA, Los Angeles.
What is the average sales price for listings in 1274 East 48th Street?
The average sales price for units in 1274 East 48th Street is $0 currently.

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