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131 South Burlington Avenue

131 South Burlington Avenue, Los Angeles, CA 90057
Property in Westlake North
Sold Sep 19, 2019
$48,250,000
$36,950,000 by Bds Iii Mortgage Capital B Llc
Mortgage
131 South Burlington Avenue in Los Angeles, CA was first built in 1989 and is 35 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 90 are bedrooms. In terms of bathrooms, there are a total of 90 full bathrooms. There are 90 partial bathrooms. 131 South Burlington Avenue has 51,870 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 26,859 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 A. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. 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, 131 South Burlington Avenue sold most recently in Sep 4, 2019 for a total of $48,250,000. If you work out the math, that's approximately a cost of $930.21 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 $214,121 in taxes each year. The initial year of tax delinquency occurred in 2019. 131 South Burlington Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $18,227,434. If we break it down further, the land itself was valued at $13,665,320. Improvements to the property, however, were assessed at a total of $4,562,114. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 90
  • Bathroom Count: 90
  • Full Bathrooms: 90
  • Partial Bathrooms: 90
  • Building Quality: A
  • Construction Type: Wood
  • Living Units: 69
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 26,859
  • Total Building Area: 51,870
  • Gross Building Area: 51,870
  • Building Area: 51,870
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 51,870
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: YARNELLS SUB
  • Land Acres: 0.617
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: YARNELLS SUBDIVISION LOT 9 AND LOT COM AT MOST S COR OF LOT 1 BLK 1 TH NE ON NWLINE OF BURLINGTON AVE 100 FT TH NW TO MOST E COR OF LOT 6 SD BLK TH SW TO MOSTSEE ASSESSOR MAPBOOK FOR MISSING PORTIONLOT 1 BLK 1

Ownership

  • Current Owner : 29SC BURLINGTON LP
  • Previous Owner : LASKI MORTIMER
  • Previous Owner 2: 1979 EHRLICH INVESTMENT TRUST
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 208401

Zoning

  • Zoning: LAR4

Geography

  • Assessors Map Reference: 44-B1
  • Parcel: 5154-001-007
  • Block: 1
  • Lot: 9,1
  • Municipality: WEST
  • Latitude: 34.0644
  • Longitude: -118.267

    Address

  • Full Address: 131 S Burlington Ave
  • Address - House Number: 131
  • Street Direction: S
  • Address - Street Name: Burlington
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C011
  • 4-Digit Zip Code: 2526
  • Zip Code: 90057

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $214,121
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 00-067

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $36,950,000
  • First Open Lien Mortgage Lender: BDS III MORTGAGE CAPITAL B LLC
  • First Open Lien Mortgage Recording Date: Sep 19, 2019
  • First Open Lien Mortgage Loan Amount: $36,950,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,227,434
  • Assessed Land Value: $13,665,320
  • Assessed Improvements Value: $4,562,114

    Sales

  • Current Sale Contract Date: Sep 04, 2019
  • Current Sale Recording Date: Sep 19, 2019
  • Current Sale Transaction ID: 11646149592
  • Current Sale Price: $48,250,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0977460

    Last Sale Mortgage

  • First Mortgage Lender: BDS III MORTGAGE CAPITAL B LLC
  • First Mortgage Transaction Date: Sep 19, 2019
  • First Mortgage Loan Amount: $36,950,000
  • First Mortgage Loan Type: Commercial

About Central LA



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Frequently Asked Questions

What neighborhood is 131 South Burlington Avenue located in?
The 131 South Burlington Avenue is a located in the neighborhood of Westlake North in Central LA, Los Angeles.
What is the average sales price for listings in 131 South Burlington Avenue?
The average sales price for units in 131 South Burlington Avenue is $0 currently.

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