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1537 Wellesley Avenue

1537 Wellesley Avenue, Los Angeles, CA 90025
Sold Mar 17, 2021
$1,649,000
$1,236,750 by First Republic Bank
Mortgage Due Jul 01, 2051
Sold Feb 20, 2004
$750,000
$600,000 by Abn Amro Mortgage Group Inc
Mortgage Due Mar 01, 2034
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Local assessors in Los Angeles, CA have categorized 1537 Wellesley Avenue as a residential type of property. The home was built in 1910 and is 114 years old. It was most recently renovated and altered in 1950. The property's lot size has been calculated to be 6,995 square feet. The linear feet between the front and back of the lot was measured at 1,550 ft and the front of the lot was measured at 450 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 8 rooms in the home. Of these, 5 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 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1537 Wellesley Avenue has a total of 2,353 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. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 building has a gable style roof that was made of composition shingle. The home's floor/wall heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Mar 8, 2021 for $1,649,000. That's $700.81 per sqft. Prior to that sales transaction, the property was also sold in Feb 13, 2004 for $750,000. 1537 Wellesley Avenue was last assessed in 2023. The total value of the property was assessed at $1,715,618. Specifically, the land the property is located on was valued at $1,200,933. While improvements on the property were assessed at a total of $514,685. 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 $19,958. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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.

Building Features

Driveway

Driveway

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,995
  • Lot Size Depth Feet: 1,550
  • Lot Size Frontage Feet: 450
  • Total Building Area: 2,353
  • Building Area: 2,353
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 2,353
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5598
  • Land Acres: 0.161
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 5598 LOT/SEC 73

Ownership

  • Current Owner : 1537 WELLESLEY LLC
  • Previous Owner : FEINBERG AMATZIA
  • Previous Owner 2: FEINBERG YAMIT
  • Owner Before Previous Owner: CHANG JAE YOUNG
  • Owner Before Previous Owner 2: CHANG SUN SOOK
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 267502

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 41-C4
  • Subdivision Tract Number: 5598
  • Parcel: 4267-030-020
  • Lot: 73
  • Municipality: WEST /SAWTEL/WESTGATE
  • Latitude: 34.0378
  • Longitude: -118.464

    Address

  • Full Address: 1537 Wellesley Ave
  • Address - House Number: 1537
  • Address - Street Name: Wellesley
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C034
  • 4-Digit Zip Code: 3629
  • Zip Code: 90025

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $19,958
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2286
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 1,903,971
  • High Value: 2,339,351
  • Low Value: 1,468,591

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,236,750
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Jun 22, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,236,750
  • 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: Jul 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,715,618
  • Assessed Land Value: $1,200,933
  • Assessed Improvements Value: $514,685

    Sales

  • Current Sale Contract Date: Mar 08, 2021
  • Current Sale Recording Date: Mar 17, 2021
  • Current Sale Transaction ID: 11824906208
  • Current Sale Price: $1,649,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0430123
  • Previous Sale Recording Date: Feb 20, 2004
  • Previous Sale Contract Date: Feb 13, 2004
  • Previous Sale Amount: $750,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: 422 VILLA LLC
  • First Mortgage Transaction Date: Mar 17, 2021
  • First Mortgage Loan Amount: $1,249,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: ABN AMRO MORTGAGE GROUP INC
  • Previous Mortgage Transaction Date: Feb 20, 2004
  • Previous Mortgage Loan Amount: $600,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Mar 01, 2034

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 1537 Wellesley Avenue located in?
The 1537 Wellesley Avenue is a house located in the neighborhood of West Los Angeles in West Los Angeles, Los Angeles.
What is the average sales price for listings in 1537 Wellesley Avenue?
The average sales price for units in 1537 Wellesley Avenue is $1,649,000 , or $701/sqft. currently.

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