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1332 East 48th Street

1332 East 48th Street, Los Angeles, CA 90011
Multifamily in Central Alameda
Sold Sep 16, 2021
$730,000
$584,000 by United Wholesale Mortgage
Mortgage Due Oct 01, 2051
Sold May 30, 2003
$220,000
$216,601 by National City Mortgage Co
Mortgage Due Jun 01, 2033
Local assessors in Los Angeles, CA have categorized 1332 East 48th Street as a residential type of property. The home was built in 1924 and is 100 years old. The property's lot size has been calculated to be 5,224 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, 5 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. If we look only at the heated or air conditioned part of the building, then 1332 East 48th Street has a total of 2,110 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 central air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 1332 East 48th Street sold most recently in Sep 1, 2021 for a total of $730,000. If you work out the math, that's approximately a cost of $345.97 per sqft. Before that, the property was also sold for $220,000 in Mar 11, 2003. 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 $8,883 in taxes each year. 1332 East 48th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $744,600. If we break it down further, the land itself was valued at $510,000. Improvements to the property, however, were assessed at a total of $234,600. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1924
  • Effective Year Built: 1924
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,224
  • Total Building Area: 2,110
  • Building Area: 2,110
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,110
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GRIDER & HAMILTONS VERNON PARK TRACT
  • Land Acres: 0.12
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: GRIDER AND HAMILTONS VERNON PARK LOT/SEC 10 BLK/DIV/TWN E

Ownership

  • Current Owner : CATIVO ROBERTO
  • Current Owner 2: RAMIREZ JOSE A
  • Previous Owner : LUNA ALMA
  • Owner Before Previous Owner: HALL ANNA M
  • Owner Before Previous Owner 2: HALL WILLIAM B
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

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

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 52-D3
  • Parcel: 5107-021-009
  • Block: E
  • Lot: 10
  • Municipality: SOUTH /L.A./FLORENCE
  • Latitude: 34
  • Longitude: -118.251

    Address

  • Full Address: 1332 E 48th St
  • Address - House Number: 1332
  • Street Direction: E
  • Address - Street Name: 48th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C005
  • 4-Digit Zip Code: 4208
  • Zip Code: 90011

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,883
  • Tax Rate Code Area: 00-007

    Appraisal Valuation

  • Standard Deviation: 0.227
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 804,340
  • High Value: 986,959
  • Low Value: 621,721

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $584,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Sep 16, 2021
  • First Open Lien Mortgage Loan Amount: $584,000
  • 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: Oct 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $744,600
  • Assessed Land Value: $510,000
  • Assessed Improvements Value: $234,600

    Sales

  • Current Sale Contract Date: Sep 01, 2021
  • Current Sale Recording Date: Sep 16, 2021
  • Current Sale Transaction ID: 11855790815
  • Current Sale Price: $730,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1418176
  • Previous Sale Recording Date: May 30, 2003
  • Previous Sale Contract Date: Mar 11, 2003
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Sep 16, 2021
  • First Mortgage Loan Amount: $584,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: NATIONAL CITY MORTGAGE CO
  • Previous Mortgage Transaction Date: May 30, 2003
  • Previous Mortgage Loan Amount: $216,601
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2033

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Frequently Asked Questions

What neighborhood is 1332 East 48th Street located in?
The 1332 East 48th Street is a multifamily located in the neighborhood of Central Alameda in South LA, Los Angeles.
What is the average sales price for listings in 1332 East 48th Street?
The average sales price for units in 1332 East 48th Street is $0 currently.

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