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1502 North Avenue 55

1502 North Avenue 55, Los Angeles, CA 90042
Property in Highland Park
Sold Feb 12, 2003
$192,500
$360,000 by Jpmorgan Chase Bank Na
Mortgage Due Nov 01, 2045
Sold Feb 11, 2003
$192,500
$187,622 by Pacific Republic Mortgage Corp
Mortgage Due Mar 01, 2033
Local assessors in Los Angeles, CA have categorized 1502 North Avenue 55 as a residential type of property. The home was built in 1906 and is 118 years old. It was most recently renovated and altered in 1980. The property's lot size has been calculated to be 3,458 square feet. The linear feet between the front and back of the lot was measured at 850 ft and the front of the lot was measured at 420 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 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 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1502 North Avenue 55 has a total of 1,794 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. The home sources its water from a municipal system. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is good. 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 - A. The building has a hip style roof that was made of wood shake/ shingles. Residents rely on air conditioning for their cooling system. The home's a central heating system is the primary heating source. The property was last sold in Feb 3, 2003 for $192,500. That's $107.30 per sqft. Prior to that sales transaction, the property was also sold in Feb 3, 2003 for $192,500. 1502 North Avenue 55 was last assessed in 2023. The total value of the property was assessed at $515,053. Specifically, the land the property is located on was valued at $214,375. While improvements on the property were assessed at a total of $300,678. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $6,046. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Hip
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,458
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 420
  • Total Building Area: 1,794
  • Building Area: 1,794
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 1,794
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LEWIS TRACT 2
  • Land Acres: 0.079
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LEWIS TRACT # 2 W 85 FT OF LOT/SEC 13 BLK/DIV/TWN 2

Ownership

  • Current Owner : BRETT JAMES W
  • Previous Owner : AYALA PEDRO R
  • Owner Before Previous Owner: AYALA PEDRO R
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 183300

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 36-B1
  • Subdivision Tract Number: 2
  • Parcel: 5485-007-017
  • Block: 2
  • Lot: 13
  • Municipality: EAST /LA HIGHLAND PK
  • Latitude: 34.1219
  • Longitude: -118.198

    Address

  • Full Address: 1502 N Avenue 55
  • Address - House Number: 1502
  • Street Direction: N
  • Address - Street Name: Avenue 55
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C035
  • 4-Digit Zip Code: 1812
  • Zip Code: 90042

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,046
  • Tax Rate Code Area: 00-004

    Appraisal Valuation

  • Standard Deviation: 0.2415
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 66
  • Final Value: 1,067,010
  • High Value: 1,324,791
  • Low Value: 809,230

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $820,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Oct 19, 2015
  • First Open Lien Mortgage Loan Amount: $360,000
  • 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: Nov 01, 2045
  • Second Open Lien Mortgage Lender: CALIFORNIA CU
  • Second Open Lien Mortgage Recording Date: Mar 15, 2018
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $125,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Third Open Lien Mortgage Lender: ONE AMERICAN BANK
  • Third Open Lien Mortgage Recording Date: May 21, 2020
  • Third Open Lien Mortgage Loan Amount: $335,000
  • Third Open Lien Mortgage Term: 240
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: New Conventional
  • Third Open Lien Mortgage Loan Due Date: Jun 01, 2040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $515,053
  • Assessed Land Value: $214,375
  • Assessed Improvements Value: $300,678

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 03, 2003
  • Current Sale Recording Date: Feb 12, 2003
  • Current Sale Transaction ID: 1027442889
  • Current Sale Price: $192,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 03-0423680
  • Previous Sale Recording Date: Feb 11, 2003
  • Previous Sale Contract Date: Feb 03, 2003
  • Previous Sale Amount: $192,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PACIFIC REPUBLIC MORTGAGE CORP
  • First Mortgage Transaction Date: Feb 12, 2003
  • First Mortgage Loan Amount: $187,622
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Mar 01, 2033

    Previous Mortgages

  • Previous Mortgage Lender: PACIFIC REPUBLIC MORTGAGE CORP
  • Previous Mortgage Transaction Date: Feb 11, 2003
  • Previous Mortgage Loan Amount: $187,622
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Mar 01, 2033

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Frequently Asked Questions

What neighborhood is 1502 North Avenue 55 located in?
The 1502 North Avenue 55 is a located in the neighborhood of Highland Park in East LA, Los Angeles.
What is the average sales price for listings in 1502 North Avenue 55?
The average sales price for units in 1502 North Avenue 55 is $0 currently.

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