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1322 Maryland Street

1322 Maryland Street, Los Angeles, CA 90017
Multifamily in Westlake North
Sold Sep 29, 2022
$1,750,000
$1,050,000 by Pacific Premier Bank
Mortgage
Sold Apr 07, 2022
$2,104,681
Local assessors in Los Angeles, CA have categorized 1322 Maryland Street as a residential type of property. The home was built in 1922 and is 102 years old. The property's lot size has been calculated to be 8,111 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a quadplex 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, 4 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 4 full bathrooms. There are also 4 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 1322 Maryland Street has a total of 4,976 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. 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, 1322 Maryland Street sold most recently in Sep 1, 2022 for a total of $1,750,000. If you work out the math, that's approximately a cost of $351.69 per sqft. Before that, the property was also sold for $2,104,681 in Mar 22, 2022. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $23,308 in taxes each year. The initial year of tax delinquency occurred in 2020. 1322 Maryland Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,750,000. If we break it down further, the land itself was valued at $1,700,000. Improvements to the property, however, were assessed at a total of $50,000. 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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Quadplex
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,111
  • Total Building Area: 4,976
  • Gross Building Area: 4,976
  • Building Area: 4,976
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 4,976
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DOWNEY TRACT
  • Land Acres: 0.186
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: DOWNEY TRACT LOT/SEC 9 BLK/DIV/TWN 4

Ownership

  • Current Owner : DRONA INVESTMENTS LLC
  • Previous Owner : IRP REO II LLC
  • Owner Before Previous Owner: CALIFORNIA TD SPECIALISTS
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 209202

Zoning

  • Zoning: LACW

Geography

  • Assessors Map Reference: 44-C2
  • Parcel: 5152-002-011
  • Block: 4
  • Lot: 9
  • Municipality: WEST /WESTLAKE
  • Latitude: 34.0559
  • Longitude: -118.262

    Address

  • Full Address: 1322 Maryland St
  • Address - House Number: 1322
  • Address - Street Name: Maryland
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C025
  • 4-Digit Zip Code: 2012
  • Zip Code: 90017

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $23,308
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2334
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 67
  • Final Value: 1,778,401
  • High Value: 2,193,615
  • Low Value: 1,363,186

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,050,000
  • First Open Lien Mortgage Lender: PACIFIC PREMIER BANK
  • First Open Lien Mortgage Recording Date: Sep 29, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,050,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,750,000
  • Assessed Land Value: $1,700,000
  • Assessed Improvements Value: $50,000

    Sales

  • Current Sale Contract Date: Sep 01, 2022
  • Current Sale Recording Date: Sep 29, 2022
  • Current Sale Transaction ID: 11896350442
  • Current Sale Price: $1,750,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 946666
  • Previous Sale Recording Date: Apr 07, 2022
  • Previous Sale Contract Date: Mar 22, 2022
  • Previous Sale Amount: $2,104,681
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: PACIFIC PREMIER BANK
  • First Mortgage Transaction Date: Sep 29, 2022
  • First Mortgage Loan Amount: $1,050,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 1322 Maryland Street located in?
The 1322 Maryland Street is a multifamily located in the neighborhood of Westlake North in Central LA, Los Angeles.
What is the average sales price for listings in 1322 Maryland Street?
The average sales price for units in 1322 Maryland Street is $0 currently.

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