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1404 South Van Ness Avenue

1404 South Van Ness Avenue, Los Angeles, CA 90019
Multifamily in Angelus Vista
Sold Jan 04, 2021
$1,649,000
$1,224,000 by First Standard Financial Corp
Mortgage Due Apr 01, 2052
Sold Apr 18, 2019
$1,408,270
1404 South Van Ness Avenue in Los Angeles, CA was first built in 1922 and is 102 years old. Although, the building on the property was most recently renovated and altered in 1934. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a quadplex style. There are a total of 0 rooms in the home, of which, 9 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 1404 South Van Ness Avenue has 5,000 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 8,999 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. Walk into the home itself and you'll find that it is currently being cooled with a refrigeration air conditioning 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, 1404 South Van Ness Avenue sold most recently in Nov 19, 2020 for a total of $1,649,000. If you work out the math, that's approximately a cost of $329.80 per sqft. Before that, the property was also sold for $1,408,270 in Apr 12, 2019. 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 $20,280 in taxes each year. 1404 South Van Ness Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,715,619. If we break it down further, the land itself was valued at $1,144,440. Improvements to the property, however, were assessed at a total of $571,179. 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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1934
  • Building Count: 1
  • Bedroom Count: 9
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Quadplex
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,999
  • Total Building Area: 5,000
  • Gross Building Area: 5,000
  • Building Area: 5,000
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Refrigeration air conditioning
  • Heating: unknown
  • Heated Square Feet: 5,000
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CRENSHAW HEIGHTS TRACT
  • Land Acres: 0.207
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: CRENSHAW HEIGHTS TRACT LOT/SEC 33

Ownership

  • Current Owner : KANG SUSAN S
  • Current Owner 2: KIM JENNY
  • Previous Owner : MAGNUM PROPERTY INVESTMENTS LLC
  • Owner Before Previous Owner: NEDRICK GRAY PATRICIA M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 221304

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 43-D3
  • Parcel: 5073-002-013
  • Lot: 33
  • Municipality: WEST /ADAMS/JEFF PARK
  • Latitude: 34.046
  • Longitude: -118.315

    Address

  • Full Address: 1404 S Van Ness Ave
  • Address - House Number: 1404
  • Street Direction: S
  • Address - Street Name: Van Ness
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C041
  • 4-Digit Zip Code: 4603
  • Zip Code: 90019

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $20,280
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.229
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 1,679,516
  • High Value: 2,064,264
  • Low Value: 1,294,768

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,224,000
  • First Open Lien Mortgage Lender: FIRST STANDARD FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Mar 17, 2022
  • First Open Lien Mortgage Loan Amount: $1,224,000
  • 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: Apr 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,715,619
  • Assessed Land Value: $1,144,440
  • Assessed Improvements Value: $571,179

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 19, 2020
  • Current Sale Recording Date: Jan 04, 2021
  • Current Sale Transaction ID: 11809876448
  • Current Sale Price: $1,649,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0002826
  • Previous Sale Recording Date: Apr 18, 2019
  • Previous Sale Contract Date: Apr 12, 2019
  • Previous Sale Amount: $1,408,270
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: FIRST STANDARD FINANCIAL CORP
  • First Mortgage Transaction Date: Jan 04, 2021
  • First Mortgage Loan Amount: $1,236,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

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Frequently Asked Questions

What neighborhood is 1404 South Van Ness Avenue located in?
The 1404 South Van Ness Avenue is a multifamily located in the neighborhood of Angelus Vista in South LA, Los Angeles.
What is the average sales price for listings in 1404 South Van Ness Avenue?
The average sales price for units in 1404 South Van Ness Avenue is $0 currently.

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