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1401 West 51st Place

1401 West 51st Place, Los Angeles, CA 90062
Sold Sep 27, 1995
$75,000
$328,900 by Cardinal Financial Company Lp
Mortgage Due Aug 01, 2051
Local assessors in Los Angeles, CA have categorized 1401 West 51st Place as a residential type of property. The home was built in 1920 and is 104 years old. The property's lot size has been calculated to be 5,414 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, 2 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 1401 West 51st Place has a total of 1,522 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 - D. Residents rely on air conditioning for their cooling system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1401 West 51st Place was last sold in Sep 14, 1995 for $75,000. According to our calculations, that's $49.28 per sqft. Current property owners are expected to pay $2,595 in taxes per year. The property on 1401 West 51st Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $191,584. To break that down further, the land itself was valued at $143,697. While improvements to the property were assessed at a total of $47,887. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,414
  • Total Building Area: 1,522
  • Gross Building Area: 1,522
  • Building Area: 1,522
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,522
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 401
  • Land Acres: 0.124
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: TRACT # 401 EX OF STS LOT/SEC 6 BLK/DIV/TWN 10

Ownership

  • Current Owner : MAYFIELD JOSEPH B
  • Previous Owner : JEFFERSON THERESA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 232300

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 51-E3
  • Subdivision Tract Number: 401
  • Parcel: 5003-001-007
  • Block: 10
  • Lot: 6
  • Municipality: WEST /SO. WEST L.A.
  • Latitude: 33.9961
  • Longitude: -118.3

    Address

  • Full Address: 1401 W 51st Pl
  • Address - House Number: 1401
  • Street Direction: W
  • Address - Street Name: 51st
  • Address - Suffix Type: Pl
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C035
  • 4-Digit Zip Code: 2421
  • Zip Code: 90062

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,595
  • Tax Rate Code Area: 00-204

    Appraisal Valuation

  • Standard Deviation: 0.2419
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 66
  • Final Value: 651,399
  • High Value: 809,003
  • Low Value: 493,795

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $328,900
  • First Open Lien Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Open Lien Mortgage Recording Date: Jul 21, 2021
  • First Open Lien Mortgage Loan Amount: $328,900
  • 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: Aug 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $191,584
  • Assessed Land Value: $143,697
  • Assessed Improvements Value: $47,887

    Sales

  • Current Sale Contract Date: Sep 14, 1995
  • Current Sale Recording Date: Sep 27, 1995
  • Current Sale Transaction ID: 1009108694
  • Current Sale Price: $75,000
  • Current Sale Document Type: Individual Deed
  • Current Sale Input Document Number: 95-1567299

    Last Sale Mortgage

  • First Mortgage Lender: THERESA JEFFERSON
  • First Mortgage Transaction Date: Sep 27, 1995
  • First Mortgage Loan Amount: $70,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Seller take-back

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Frequently Asked Questions

What neighborhood is 1401 West 51st Place located in?
The 1401 West 51st Place is a located in the neighborhood of Chesterfield Square in South LA, Los Angeles.
What is the average sales price for listings in 1401 West 51st Place?
The average sales price for units in 1401 West 51st Place is $0 currently.

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