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1550 2nd Avenue

1550 2nd Avenue, Los Angeles, CA 90019
Sold Sep 03, 2020
$1,800,000
Buyer
Seller
$2,300,000 by First Foundation Bank
Mortgage Due May 01, 2052
Sold Jan 13, 2015
$1,275,000
$800,000 by Pacific City Bank
Mortgage
1550 2nd Avenue in Los Angeles, CA was first built in 1964 and is 60 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 19 are bedrooms. In terms of bathrooms, there are a total of 9 full bathrooms. There are 9 partial bathrooms. 1550 2nd Avenue has 6,586 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 7,499 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. The property was last sold in Aug 31, 2020 for $1,800,000. That's $273.31 per sqft. Prior to that sales transaction, the property was also sold in Oct 31, 2014 for $1,275,000. 1550 2nd Avenue was last assessed in 2023. The total value of the property was assessed at $1,872,720. Specifically, the land the property is located on was valued at $832,320. While improvements on the property were assessed at a total of $1,040,400. 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 $22,645. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Bedroom Count: 19
  • Bathroom Count: 9
  • Full Bathrooms: 9
  • Partial Bathrooms: 9
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 9
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,499
  • Total Building Area: 6,586
  • Gross Building Area: 6,586
  • Building Area: 6,586
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 6,586
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CENTRAL ARLINGTON HEIGHTS OF TRACT
  • Land Acres: 0.172
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: CENTRAL ARLINGTON HEIGHTS LOT/SEC 14 BLK/DIV/TWN 45

Ownership

  • Current Owner : SBK 2A LLC
  • Previous Owner : CHA SUN HUI
  • Owner Before Previous Owner: BORDEN ALEX R
  • Owner Before Previous Owner 2: ESTATE OF REGINALD K MOON
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 218120

Zoning

  • Zoning: LAC2

Geography

  • Assessors Map Reference: 43-D4
  • Parcel: 5072-034-014
  • Block: 45
  • Lot: 14
  • Municipality: WEST /ADAMS/JEFF PARK
  • Latitude: 34.0439
  • Longitude: -118.319

    Address

  • Full Address: 1550 2nd Ave
  • Address - House Number: 1550
  • Address - Street Name: 2nd
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C011
  • 4-Digit Zip Code: 4542
  • Zip Code: 90019

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,645
  • Tax Rate Code Area: 00-401

    Appraisal Valuation

  • Standard Deviation: 0.1159
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 76
  • Final Value: 1,835,999
  • High Value: 2,048,813
  • Low Value: 1,623,184

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,300,000
  • First Open Lien Mortgage Lender: FIRST FOUNDATION BANK
  • First Open Lien Mortgage Recording Date: Apr 29, 2022
  • First Open Lien Mortgage Loan Amount: $2,300,000
  • 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: May 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,872,720
  • Assessed Land Value: $832,320
  • Assessed Improvements Value: $1,040,400

    Sales

  • Current Sale Contract Date: Aug 31, 2020
  • Current Sale Recording Date: Sep 03, 2020
  • Current Sale Transaction ID: 11784988137
  • Current Sale Price: $1,800,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 20-1051116
  • Previous Sale Recording Date: Jan 13, 2015
  • Previous Sale Contract Date: Oct 31, 2014
  • Previous Sale Amount: $1,275,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: EVERTRUST BANK
  • First Mortgage Transaction Date: Sep 03, 2020
  • First Mortgage Loan Amount: $1,676,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: PACIFIC CITY BANK
  • Previous Mortgage Transaction Date: Jan 13, 2015
  • Previous Mortgage Loan Amount: $800,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 1550 2nd Avenue located in?
The 1550 2nd Avenue is a located in the neighborhood of Arlington Heights in South LA, Los Angeles.
What is the average sales price for listings in 1550 2nd Avenue?
The average sales price for units in 1550 2nd Avenue is $0 currently.

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