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1315 East 48th Place

1315 East 48th Place, Los Angeles, CA 90011
Multifamily in Central Alameda
Sold Dec 23, 2019
$870,000
Sold Dec 31, 2014
Transfer
1315 East 48th Place 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 2014 and is 10 years old. The home has a total of 10 bedrooms. Residents will have access to 6 full bathrooms. There are 6 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1315 East 48th Place has 3,530 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 4,996 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 C by the local assessor. In terms of heating, it is utilizing floor/wall heating system. The property was last sold in Oct 18, 2019 for $870,000. That's $246.46 per sqft. 1315 East 48th Place was last assessed in 2023. The total value of the property was assessed at $914,521. Specifically, the land the property is located on was valued at $557,122. While improvements on the property were assessed at a total of $357,399. 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 $10,895. 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. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 10
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Duplex
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,996
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 400
  • Total Building Area: 3,530
  • Gross Building Area: 3,530
  • Building Area: 3,530
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 3,530
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GRIDER & HAMILTONS VERNON PARK
  • Land Acres: 0.115
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: GRIDER AND HAMILTONS VERNON PARK LOT/SEC 18 BLK/DIV/TWN E

Ownership

  • Current Owner : GOLDEN SILVERCREST LLC
  • Previous Owner : THREE STAR LAND MANAGEMENT LLC
  • Owner Before Previous Owner: OCEAN DEVELOPMENT INC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 228720

Zoning

  • Zoning: LARD2

Geography

  • Assessors Map Reference: 52-D3
  • Parcel: 5107-021-017
  • Block: E
  • Lot: 18
  • Municipality: SOUTH /L.A./FLORENCE
  • Latitude: 33.9996
  • Longitude: -118.252

    Address

  • Full Address: 1315 E 48th Pl
  • Address - House Number: 1315
  • Street Direction: E
  • Address - Street Name: 48th
  • Address - Suffix Type: Pl
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C014
  • 4-Digit Zip Code: 4209
  • Zip Code: 90011

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,895
  • Tax Rate Code Area: 00-007

    Appraisal Valuation

  • Standard Deviation: 0.2308
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 67
  • Final Value: 1,006,704
  • High Value: 1,239,077
  • Low Value: 774,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $914,521
  • Assessed Land Value: $557,122
  • Assessed Improvements Value: $357,399

    Sales

  • Current Sale Contract Date: Oct 18, 2019
  • Current Sale Recording Date: Dec 23, 2019
  • Current Sale Transaction ID: 11711609955
  • Current Sale Price: $870,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-1432327
  • Previous Sale Recording Date: Dec 31, 2014
  • Previous Sale Contract Date: Dec 22, 2014
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: OCMBC INC
  • First Mortgage Transaction Date: Dec 23, 2019
  • First Mortgage Loan Amount: $435,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

About South LA



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Frequently Asked Questions

What neighborhood is 1315 East 48th Place located in?
The 1315 East 48th Place is a multifamily located in the neighborhood of Central Alameda in South LA, Los Angeles.
What is the average sales price for listings in 1315 East 48th Place?
The average sales price for units in 1315 East 48th Place is $0 currently.

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