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1327 South Tremaine Avenue

1327 South Tremaine Avenue, Los Angeles, CA 90019
Multifamily in Olympic Park
Local assessors in Los Angeles, CA have categorized 1327 South Tremaine Avenue 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 7,402 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex 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 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1327 South Tremaine Avenue has a total of 2,240 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 - B. 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, 1327 South Tremaine Avenue sold most recently in Jun 2, 2021 for a total of $1,346,000. If you work out the math, that's approximately a cost of $600.89 per sqft. Before that, the property was also sold for $1,300,000 in Feb 19, 2020. 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 $16,416 in taxes each year. 1327 South Tremaine Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,400,378. If we break it down further, the land itself was valued at $873,936. Improvements to the property, however, were assessed at a total of $526,442. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200106
01/06/2020
Studio
-
-
$1,350,000
bedrooms
Studio
bathrooms
-
$1,300,000 -3.70%
02/27/2020
Barrington Malcolm

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Duplex
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,402
  • Total Building Area: 2,240
  • Gross Building Area: 2,240
  • Building Area: 2,240
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 2,240
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 4604
  • Land Acres: 0.17
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: TRACT # 4604 LOT 451 AND NE 10 FT OF LOT/SEC 452

Ownership

  • Current Owner : PARKE CHONG YOUNG
  • Current Owner 2: CHO AHRA
  • Previous Owner : CHEN CHIH YIN
  • Previous Owner 2: CHIANG ANDREA
  • Owner Before Previous Owner: DYNASTY DYNAMICS
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 217200

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 43-B3
  • Subdivision Tract Number: 4604
  • Parcel: 5083-020-007
  • Lot: 451
  • Municipality: WEST /MID-CITY
  • Latitude: 34.0505
  • Longitude: -118.34

    Address

  • Full Address: 1327 S Tremaine Ave
  • Address - House Number: 1327
  • Street Direction: S
  • Address - Street Name: Tremaine
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C045
  • 4-Digit Zip Code: 1725
  • Zip Code: 90019

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,416
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.229
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 1,503,476
  • High Value: 1,847,896
  • Low Value: 1,159,056

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $955,500
  • First Open Lien Mortgage Lender: NEW WAVE LENDING GROUP INC
  • First Open Lien Mortgage Recording Date: Jun 16, 2021
  • First Open Lien Mortgage Loan Amount: $955,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,400,378
  • Assessed Land Value: $873,936
  • Assessed Improvements Value: $526,442

    Sales

  • Current Sale Contract Date: Jun 02, 2021
  • Current Sale Recording Date: Jun 16, 2021
  • Current Sale Transaction ID: 11839792372
  • Current Sale Price: $1,346,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0952550
  • Previous Sale Recording Date: Feb 27, 2020
  • Previous Sale Contract Date: Feb 19, 2020
  • Previous Sale Amount: $1,300,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEW WAVE LENDING GROUP INC
  • First Mortgage Transaction Date: Jun 16, 2021
  • First Mortgage Loan Amount: $955,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: Feb 27, 2020
  • Previous Mortgage Loan Amount: $1,040,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Mar 01, 2050

About Central LA



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Frequently Asked Questions

What neighborhood is 1327 South Tremaine Avenue located in?
The 1327 South Tremaine Avenue is a multifamily located in the neighborhood of Olympic Park in Central LA, Los Angeles.
What is the average sales price for listings in 1327 South Tremaine Avenue?
The average sales price for units in 1327 South Tremaine Avenue is $1,350,000 currently.

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