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1325 West 87th Street

1325 West 87th Street, Los Angeles, CA 90044
Multifamily in Westmont
Sold Jan 28, 2019
$810,000
Sold Sep 13, 2017
$291,000
$6,000,000 by Pacific Enterprise Bank
Mortgage
1325 West 87th Street 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 2018 and is 6 years old. The home has a total of 5 rooms. 10 of these rooms are legally considered as 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, 1325 West 87th Street has 3,696 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 1,520 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 6,084 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a contemporary 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. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as good. 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 A by the local assessor. The roof of the building is made of asphalt and ply sheets in a built-up roof style. The exterior walls of the building are made of block. The inside of the home is being cooled with a refrigeration air conditioning system at the moment. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a municipal 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, 1325 West 87th Street sold most recently in Oct 4, 2018 for a total of $810,000. If you work out the math, that's approximately a cost of $219.16 per sqft. Before that, the property was also sold for $291,000 in Sep 6, 2017. 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 $10,967 in taxes each year. 1325 West 87th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $868,481. If we break it down further, the land itself was valued at $520,017. Improvements to the property, however, were assessed at a total of $348,464. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 10
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Condition: Good
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Contemporary
  • Exterior Walls Type: Block
  • Roof Cover Type: Built-up
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,084
  • Lot Size Depth Feet: 1,520
  • Lot Size Frontage Feet: 400
  • Total Building Area: 3,696
  • Building Area: 3,696
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,696
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: GRIDER HAMILTON OSWALD COS MANCHESTER
  • Land Acres: 0.14
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: GRIDER HAMILTON OSWALD COS MANCHESTER HTS LOT/SEC 192

Ownership

  • Current Owner : WU JIMMY QIAN
  • Previous Owner : SUNSET EQUITY PARTNERS LLC
  • Owner Before Previous Owner: DIAZ MARIO OSVALDO
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 600100

Zoning

  • Zoning: LCR320U*

Geography

  • Assessors Map Reference: 57-E2
  • Parcel: 6047-006-018
  • Lot: 192
  • Municipality: WEST /MORNGSIDE/S WLA
  • Latitude: 33.9581
  • Longitude: -118.299

    Address

  • Full Address: 1325 W 88th St
  • Address - House Number: 1325
  • Street Direction: W
  • Address - Street Name: 88th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C024
  • 4-Digit Zip Code: 2127
  • Zip Code: 90044

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,967
  • Tax Rate Code Area: 01-208

    Appraisal Valuation

  • Standard Deviation: 0.2307
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 67
  • Final Value: 1,033,132
  • High Value: 1,271,573
  • Low Value: 794,691

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $868,481
  • Assessed Land Value: $520,017
  • Assessed Improvements Value: $348,464

    Sales

  • Current Sale Contract Date: Oct 04, 2018
  • Current Sale Recording Date: Jan 28, 2019
  • Current Sale Transaction ID: 11562652250
  • Current Sale Price: $810,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0080094
  • Previous Sale Recording Date: Sep 13, 2017
  • Previous Sale Contract Date: Sep 06, 2017
  • Previous Sale Amount: $291,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Mortgage Transaction Date: Jan 28, 2019
  • First Mortgage Loan Amount: $607,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: PACIFIC ENTERPRISE BANK
  • Previous Mortgage Transaction Date: Sep 13, 2017
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $6,000,000
  • Previous Mortgage Loan Type: Commercial

About Westmont



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Frequently Asked Questions

What neighborhood is 1325 West 87th Street located in?
The 1325 West 87th Street is a multifamily located in the neighborhood of Westmont in Westmont, Los Angeles.
What is the average sales price for listings in 1325 West 87th Street?
The average sales price for units in 1325 West 87th Street is $0 currently.

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