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1505 South Westmoreland Avenue

1505 South Westmoreland Avenue, Los Angeles, CA 90006
Property in Pico Union
Sold Aug 17, 2004
$350,000
$510,000 by Rms & Assoc
Mortgage Due Feb 01, 2051
1505 South Westmoreland 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 1906 and is 118 years old. However, we must point out that the home was most recently renovated and altered in 1925. The home has a total of 6 bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1505 South Westmoreland Avenue has 4,528 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 12,792 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 A by the local assessor. In terms of heating, it is utilizing floor/wall heating system. The property was last sold in Jul 27, 2004 for $350,000. That's $77.30 per sqft. 1505 South Westmoreland Avenue was last assessed in 2023. The total value of the property was assessed at $468,908. Specifically, the land the property is located on was valued at $401,929. While improvements on the property were assessed at a total of $66,979. 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 $6,094. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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: 1925
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: A
  • Construction Type: Wood
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,792
  • Total Building Area: 4,528
  • Gross Building Area: 4,900
  • Building Area: 4,528
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 4,528
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MILLARD TRACT
  • Land Acres: 0.294
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MILLARD TRACT S 42.11 FT OF LOT 16 AND ALL OF LOT/SEC 17 BLK/DIV/TWN B

Ownership

  • Current Owner : PEREZ LUIS
  • Current Owner 2: PEREZ SONIA
  • Previous Owner : AMBASSADORS FOR CHRIST
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: LAR4

Geography

  • Assessors Map Reference: 43-F3
  • Subdivision Tract Number: S
  • Parcel: 5056-002-015
  • Block: B
  • Lot: 16
  • Municipality: WEST /PICO UNION
  • Latitude: 34.0451
  • Longitude: -118.29

    Address

  • Full Address: 1505 S Westmoreland Ave
  • Address - House Number: 1505
  • Street Direction: S
  • Address - Street Name: Westmoreland
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C054
  • 4-Digit Zip Code: 4628
  • Zip Code: 90006

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,094
  • Tax Rate Code Area: 00-210

    Appraisal Valuation

  • Standard Deviation: 0.2336
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 67
  • Final Value: 1,330,289
  • High Value: 1,641,114
  • Low Value: 1,019,465

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $510,000
  • First Open Lien Mortgage Lender: RMS & ASSOC
  • First Open Lien Mortgage Recording Date: Feb 04, 2021
  • First Open Lien Mortgage Loan Amount: $510,000
  • 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: Feb 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $468,908
  • Assessed Land Value: $401,929
  • Assessed Improvements Value: $66,979

    Sales

  • Current Sale Contract Date: Jul 27, 2004
  • Current Sale Recording Date: Aug 17, 2004
  • Current Sale Transaction ID: 1009614593
  • Current Sale Price: $350,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 04-2112349

    Last Sale Mortgage

  • First Mortgage Lender: NOVASTAR MORTGAGE INC
  • First Mortgage Transaction Date: Aug 17, 2004
  • First Mortgage Loan Amount: $280,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Sep 01, 2034
  • Second Mortgage Loan Amount: $70,000

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Central LA



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Frequently Asked Questions

What neighborhood is 1505 South Westmoreland Avenue located in?
The 1505 South Westmoreland Avenue is a located in the neighborhood of Pico Union in Central LA, Los Angeles.
What is the average sales price for listings in 1505 South Westmoreland Avenue?
The average sales price for units in 1505 South Westmoreland Avenue is $0 currently.

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