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1519 South Orange Grove Avenue

1519 South Orange Grove Avenue, Los Angeles, CA 90019
Property in Picfair Village
Refi Nov 07, 2018
Transfer
$3,000,000 by Finance Of America Reverse Llc
Mortgage
1519 South Orange Grove Avenue in Los Angeles, CA was first built in 1929 and is 95 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a quadplex style. There are a total of 0 rooms in the home, of which, 8 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 1519 South Orange Grove Avenue has 5,066 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. In total, the area measurement of the land is 6,885 square feet.

Learn more about the property and building on this page. 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. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $5,045 in taxes each year. 1519 South Orange Grove Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $388,286. If we break it down further, the land itself was valued at $155,309. Improvements to the property, however, were assessed at a total of $232,977. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1929
  • Effective Year Built: 1929
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Quadplex
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,885
  • Total Building Area: 5,066
  • Gross Building Area: 5,066
  • Building Area: 5,066
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 5,066
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 4713
  • Land Acres: 0.158
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: TRACT # 4713 LOT/SEC 79

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 216901

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 42-E3
  • Subdivision Tract Number: 4713
  • Parcel: 5068-023-002
  • Lot: 79
  • Municipality: WEST /MID-CITY
  • Latitude: 34.0489
  • Longitude: -118.366

    Address

  • Full Address: 1519 S Orange Grove Ave
  • Address - House Number: 1519
  • Street Direction: S
  • Address - Street Name: Orange Grove
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C039
  • 4-Digit Zip Code: 4948
  • Zip Code: 90019

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,045
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.23
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 68
  • Final Value: 1,979,704
  • High Value: 2,435,147
  • Low Value: 1,524,262

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,000,000
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA REVERSE LLC
  • First Open Lien Mortgage Recording Date: Nov 07, 2018
  • First Open Lien Mortgage Loan Amount: $3,000,000
  • First Open Lien Mortgage Term: 999
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Reverse Mortgage (Home Equity Conversion Mortgage)

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $388,286
  • Assessed Land Value: $155,309
  • Assessed Improvements Value: $232,977

    Exemptions

  • Homeowner Exemption: Yes

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Frequently Asked Questions

What neighborhood is 1519 South Orange Grove Avenue located in?
The 1519 South Orange Grove Avenue is a located in the neighborhood of Picfair Village in Central LA, Los Angeles.
What is the average sales price for listings in 1519 South Orange Grove Avenue?
The average sales price for units in 1519 South Orange Grove Avenue is $0 currently.

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