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1411 Orchard Avenue

1411 Orchard Avenue, Los Angeles, CA 90006
Property in Pico Union
1 Units For Sale
Unit for sale at 1411 Orchard Avenue, Los Angeles, CA 90006

$1,995,000

  • Commercial
  • 4,337 ft²
1411 Orchard Avenue, Los Angeles, CA 90006 Listing by Ralph Almeida

1411 Orchard Avenue 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 1924 and is 100 years old. The home has a total of 9 bedrooms. Residents will have access to 6 full bathrooms. There are 6 partial bathrooms in the home. In addition, 1411 Orchard Avenue has 4,337 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,551 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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 B by the local assessor. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating 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, 1411 Orchard Avenue sold most recently in Aug 22, 2022 for a total of $1,600,000. If you work out the math, that's approximately a cost of $368.92 per sqft. Before that, the property was also sold for $303,500 in May 22, 2002. 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 $15,295 in taxes each year. The initial year of tax delinquency occurred in 2020. 1411 Orchard Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,600,000. If we break it down further, the land itself was valued at $900,000. Improvements to the property, however, were assessed at a total of $700,000. 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.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220714
07/14/2022
Studio
-
-
$1,650,000
bedrooms
Studio
bathrooms
-
-
-
-
Archie Robb
Keller Williams Studio City

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 2
  • Bedroom Count: 9
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 5
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,551
  • Total Building Area: 4,337
  • Gross Building Area: 4,337
  • Building Area: 4,337
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 4,337
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MILLARD TRACT
  • Land Acres: 0.15
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: MILLARD TRACT N 46.61 FT OF LOT/SEC 10 BLK/DIV/TWN A

Ownership

  • Current Owner : DRAI STEPHANE
  • Current Owner 2: DRAI MALI
  • Previous Owner : 1411 ORCHARD HOUSE
  • Owner Before Previous Owner: HUD
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 221110

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 43-F3
  • Subdivision Tract Number: N
  • Parcel: 5056-003-009
  • Block: A
  • Lot: 10
  • Municipality: WEST /ADAMS/JEFF PARK
  • Latitude: 34.0459
  • Longitude: -118.289

    Address

  • Full Address: 1411 Orchard Ave
  • Address - House Number: 1411
  • Address - Street Name: Orchard
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C032
  • 4-Digit Zip Code: 4713
  • Zip Code: 90006

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,295
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 00-210

    Appraisal Valuation

  • Standard Deviation: 0.2198
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 56
  • Final Value: 1,590,323
  • High Value: 1,940,033
  • Low Value: 1,240,612

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,200,000
  • First Open Lien Mortgage Lender: WALL STREET FUNDING OF AMERICA
  • First Open Lien Mortgage Recording Date: Sep 26, 2022
  • First Open Lien Mortgage Loan Amount: $1,200,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,600,000
  • Assessed Land Value: $900,000
  • Assessed Improvements Value: $700,000

    Sales

  • Current Sale Contract Date: Aug 22, 2022
  • Current Sale Recording Date: Sep 26, 2022
  • Current Sale Transaction ID: 11896328375
  • Current Sale Price: $1,600,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 936073
  • Previous Sale Recording Date: Jul 23, 2002
  • Previous Sale Contract Date: May 22, 2002
  • Previous Sale Amount: $303,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WALL STREET FUNDING OF AMERICA
  • First Mortgage Transaction Date: Sep 26, 2022
  • First Mortgage Loan Amount: $1,200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: LICKER ROTHSTEIN & DELCHOP INC
  • Previous Mortgage Transaction Date: Jul 23, 2002
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Central LA



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Frequently Asked Questions

What neighborhood is 1411 Orchard Avenue located in?
The 1411 Orchard Avenue is a located in the neighborhood of Pico Union in Central LA, Los Angeles.
How many listings are currently for sale in 1411 Orchard Avenue?
There is one unit for sale right now.
What is the average sales price for listings in 1411 Orchard Avenue?
The average sales price for units in 1411 Orchard Avenue is $1,995,000 , or $460/sqft. currently.

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