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1551 Talmadge Street

1551 Talmadge Street, Los Angeles, CA 90027
Multifamily in Los Feliz
Sold Oct 21, 2019
$1,300,000
$918,000 by Pmac Lending Services Inc
Mortgage Due Apr 01, 2051
Local assessors in Los Angeles, CA have categorized 1551 Talmadge Street as a residential type of property. The home was built in 1904 and is 120 years old. The property's lot size has been calculated to be 6,248 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 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 2 full bathrooms. There are also 2 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 1551 Talmadge Street has a total of 2,186 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. 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 - C. The home's floor/wall heating system is the primary heating source. The property was last sold in Sep 19, 2019 for $1,300,000. That's $594.69 per sqft. 1551 Talmadge Street was last assessed in 2023. The total value of the property was assessed at $1,366,531. Specifically, the land the property is located on was valued at $1,051,178. While improvements on the property were assessed at a total of $315,353. 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 $15,895. 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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1904
  • Effective Year Built: 1904
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,248
  • Total Building Area: 2,186
  • Building Area: 2,186
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 2,186
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5094
  • Land Acres: 0.143
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: TRACT # 5094 LOT/SEC 87

Ownership

  • Current Owner : KIM OCK JIN
  • Previous Owner : GIANIS NICHOLAS SPIRO
  • Previous Owner 2: GIANIS SHARON KAY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 195300

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 35-A3
  • Subdivision Tract Number: 5094
  • Parcel: 5430-021-014
  • Lot: 87
  • Municipality: EAST /LA LOS FELIZ
  • Latitude: 34.0997
  • Longitude: -118.283

    Address

  • Full Address: 1551 Talmadge St
  • Address - House Number: 1551
  • Address - Street Name: Talmadge
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C043
  • 4-Digit Zip Code: 1534
  • Zip Code: 90027

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $15,895
  • Tax Rate Code Area: 00-013

    Appraisal Valuation

  • Standard Deviation: 0.2276
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 1,599,620
  • High Value: 1,963,821
  • Low Value: 1,235,420

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $918,000
  • First Open Lien Mortgage Lender: PMAC LENDING SERVICES INC
  • First Open Lien Mortgage Recording Date: Mar 22, 2021
  • First Open Lien Mortgage Loan Amount: $918,000
  • 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: Apr 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,366,531
  • Assessed Land Value: $1,051,178
  • Assessed Improvements Value: $315,353

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 19, 2019
  • Current Sale Recording Date: Oct 21, 2019
  • Current Sale Transaction ID: 11662752936
  • Current Sale Price: $1,300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19-1121837

    Last Sale Mortgage

  • First Mortgage Lender: TJ FINANCIAL INC
  • First Mortgage Transaction Date: Oct 21, 2019
  • First Mortgage Loan Amount: $930,300
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Nov 01, 2049

About Central LA



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Frequently Asked Questions

What neighborhood is 1551 Talmadge Street located in?
The 1551 Talmadge Street is a multifamily located in the neighborhood of Los Feliz in Central LA, Los Angeles.
What is the average sales price for listings in 1551 Talmadge Street?
The average sales price for units in 1551 Talmadge Street is $0 currently.

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