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1413 Portia Street

1413 Portia Street, Los Angeles, CA 90026
Sold Mar 16, 2021
$915,000
$1,102,050 by Merchants Funding Az Llc
Mortgage
Local assessors in Los Angeles, CA have categorized 1413 Portia Street as a residential type of property. The home was built in 1913 and is 111 years old. It was most recently renovated and altered in 1920. The property's lot size has been calculated to be 5,322 square feet. The linear feet between the front and back of the lot was measured at 1,190 ft and the front of the lot was measured at 450 ft. 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. If we look only at the heated or air conditioned part of the building, then 1413 Portia Street has a total of 1,372 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. The home's floor/wall 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, 1413 Portia Street sold most recently in Feb 26, 2021 for a total of $915,000. If you work out the math, that's approximately a cost of $666.91 per sqft. 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 $11,122 in taxes each year. The initial year of tax delinquency occurred in 2021. 1413 Portia Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $951,965. If we break it down further, the land itself was valued at $761,572. Improvements to the property, however, were assessed at a total of $190,393. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1913
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,322
  • Lot Size Depth Feet: 1,190
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,372
  • Building Area: 1,372
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,372
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 2297
  • Land Acres: 0.122
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 2297 LOT/SEC 4

Ownership

  • Current Owner : NEW VENTURES INC
  • Previous Owner : BI ZAN CHENG
  • Previous Owner 2: LUO YOU SONG
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Aug 07, 2023

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 197300

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 35-C5
  • Subdivision Tract Number: 2297
  • Parcel: 5406-006-034
  • Lot: 4
  • Municipality: EAST /LA ECHO PARK
  • Latitude: 34.0776
  • Longitude: -118.253

    Address

  • Full Address: 1413 Portia St
  • Address - House Number: 1413
  • Address - Street Name: Portia
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C025
  • 4-Digit Zip Code: 3429
  • Zip Code: 90026

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,122
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 00-013

    Appraisal Valuation

  • Standard Deviation: 0.0679
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 96
  • Final Value: 1,396,244
  • High Value: 1,491,079
  • Low Value: 1,301,408

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,437,833
  • First Open Lien Mortgage Lender: MERCHANTS FUNDING AZ LLC
  • First Open Lien Mortgage Recording Date: Mar 16, 2021
  • First Open Lien Mortgage Loan Amount: $1,102,050
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Lender: GRIFFIN WILLIAM
  • Second Open Lien Mortgage Recording Date: Apr 20, 2021
  • Second Open Lien Mortgage Loan Amount: $335,783
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Private Lender: T

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $951,965
  • Assessed Land Value: $761,572
  • Assessed Improvements Value: $190,393

    Sales

  • Current Sale Contract Date: Feb 26, 2021
  • Current Sale Recording Date: Mar 16, 2021
  • Current Sale Transaction ID: 11825027937
  • Current Sale Price: $915,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0423263

    Last Sale Mortgage

  • First Mortgage Lender: MERCHANTS FUNDING AZ LLC
  • First Mortgage Transaction Date: Mar 16, 2021
  • First Mortgage Loan Amount: $1,102,050
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About East LA



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Frequently Asked Questions

What neighborhood is 1413 Portia Street located in?
The 1413 Portia Street is a located in the neighborhood of Greater Echo Park Elysian in East LA, Los Angeles.
What is the average sales price for listings in 1413 Portia Street?
The average sales price for units in 1413 Portia Street is $0 currently.

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