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1516 East 75th Street

1516 East 75th Street, Los Angeles, CA 90001
Sold Sep 23, 2019
$417,000
$398,000 by Newrez Llc
Mortgage Due Nov 01, 2049
Sold May 16, 2016
$330,000
$323,844 by Homebridge Financial Services
Mortgage Due Jun 01, 2046
1516 East 75th Street in Los Angeles, CA was first built in 1923 and is 101 years old. Although, the building on the property was most recently renovated and altered in 1924. This has been categorized as a residential property type. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1516 East 75th Street has 968 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. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,280. In total, the area measurement of the land is 5,243 square feet.

Learn more about the property and building on this page. There are a total of 2 available parking spaces. 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. The condition of the building has been evaluated as good. As for heating, the home is utilizing floor/wall 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, 1516 East 75th Street sold most recently in Sep 5, 2019 for a total of $417,000. If you work out the math, that's approximately a cost of $430.79 per sqft. Before that, the property was also sold for $330,000 in Apr 7, 2016. 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 $5,698 in taxes each year. 1516 East 75th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $438,338. If we break it down further, the land itself was valued at $338,057. Improvements to the property, however, were assessed at a total of $100,281. The property's total assessed value has been marked as more than the total market value which is pretty atypical. 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. 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: 1923
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,243
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 400
  • Total Building Area: 968
  • Building Area: 968
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 968
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 6483
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 6483 LOT/SEC 63

Ownership

  • Current Owner : SANCHEZ GERARDO
  • Previous Owner : CHAVEZ LUIS A
  • Owner Before Previous Owner: SIMI INVESTMENTS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 535002

Zoning

  • Zoning: LCR3*

Geography

  • Assessors Map Reference: 52-D6
  • Subdivision Tract Number: 6483
  • Parcel: 6021-014-031
  • Lot: 63
  • Municipality: SOUTH /L.A./FLORENCE
  • Latitude: 33.9722
  • Longitude: -118.247

    Address

  • Full Address: 1516 E 75th St
  • Address - House Number: 1516
  • Street Direction: E
  • Address - Street Name: 75th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C011
  • 4-Digit Zip Code: 2623
  • Zip Code: 90001

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,698
  • Tax Rate Code Area: 01-198

    Appraisal Valuation

  • Standard Deviation: 0.2306
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 589,857
  • High Value: 725,928
  • Low Value: 453,787

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $398,000
  • First Open Lien Mortgage Lender: NEWREZ LLC
  • First Open Lien Mortgage Recording Date: Jan 31, 2022
  • First Open Lien Mortgage Loan Amount: $398,000
  • First Open Lien Mortgage Term: 330
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $438,338
  • Assessed Land Value: $338,057
  • Assessed Improvements Value: $100,281

    Sales

  • Current Sale Contract Date: Sep 05, 2019
  • Current Sale Recording Date: Sep 23, 2019
  • Current Sale Transaction ID: 11651858050
  • Current Sale Price: $417,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19-0989049
  • Previous Sale Recording Date: May 16, 2016
  • Previous Sale Contract Date: Apr 07, 2016
  • Previous Sale Amount: $330,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: Sep 23, 2019
  • First Mortgage Loan Amount: $404,490
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Oct 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: HOMEBRIDGE FINANCIAL SERVICES
  • Previous Mortgage Transaction Date: May 16, 2016
  • Previous Mortgage Loan Amount: $323,844
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2046

About Florence-Graham



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Frequently Asked Questions

What neighborhood is 1516 East 75th Street located in?
The 1516 East 75th Street is a house located in the neighborhood of Florence-Graham in Florence-Graham, Los Angeles.
What is the average sales price for listings in 1516 East 75th Street?
The average sales price for units in 1516 East 75th Street is $0 currently.

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