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1556 Rollins Drive

1556 Rollins Drive, Los Angeles, CA 90063
Multifamily in East Los Angeles
Sold Mar 30, 2021
$575,000
$546,250 by Broker Solutions Inc
Mortgage Due Apr 01, 2051
Sold Jan 14, 2013
$215,000
$204,250 by On Q Financial Inc
Mortgage Due Feb 01, 2043
Local assessors in Los Angeles, CA have categorized 1556 Rollins Drive as a residential type of property. The home was built in 1926 and is 98 years old. It was most recently renovated and altered in 1927. The property's lot size has been calculated to be 3,457 square feet. The linear feet between the front and back of the lot was measured at 960 ft and the front of the lot was measured at 370 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 is a single bedroom in the home. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1556 Rollins Drive has a total of 544 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 - B. The building has a gable style roof that was made of roll composition. Lots of stucco were used in the construction of the exterior walls of the home. The home's floor/wall heating system is the primary heating source. 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, 1556 Rollins Drive sold most recently in Mar 9, 2021 for a total of $575,000. If you work out the math, that's approximately a cost of $1,056.99 per sqft. Before that, the property was also sold for $215,000 in Jan 9, 2013. 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 $7,314 in taxes each year. 1556 Rollins Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $598,230. If we break it down further, the land itself was valued at $478,584. Improvements to the property, however, were assessed at a total of $119,646. The property's total assessed value has been marked as more than the total market value which is pretty atypical. 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.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.

Building Features

Exterior

Stucco Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Roll composition
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,457
  • Lot Size Depth Feet: 960
  • Lot Size Frontage Feet: 370
  • Total Building Area: 544
  • Building Area: 544
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 544
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 7813
  • Land Acres: 0.079
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 7813 LOT/SEC 185

Ownership

  • Current Owner : ZIEMBA RAPHAELLE
  • Current Owner 2: LEARMONT KARL
  • Previous Owner : BASSETT MARK
  • Owner Before Previous Owner: COASTLINE COMPANY LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 530603

Zoning

  • Zoning: LCR1*

Geography

  • Assessors Map Reference: 45-E2
  • Subdivision Tract Number: 7813
  • Parcel: 5225-007-008
  • Lot: 185
  • Municipality: EAST /EAST L.A. NO.
  • Latitude: 34.0597
  • Longitude: -118.169

    Address

  • Full Address: 1556 Rollins Dr
  • Address - House Number: 1556
  • Address - Street Name: Rollins
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C054
  • 4-Digit Zip Code: 1030
  • Zip Code: 90063

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,314
  • Tax Rate Code Area: 00-964

    Appraisal Valuation

  • Standard Deviation: 0.2302
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 645,204
  • High Value: 793,765
  • Low Value: 496,642

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $546,250
  • First Open Lien Mortgage Lender: BROKER SOLUTIONS INC
  • First Open Lien Mortgage Recording Date: Mar 30, 2021
  • First Open Lien Mortgage Loan Amount: $546,250
  • 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: $598,230
  • Assessed Land Value: $478,584
  • Assessed Improvements Value: $119,646

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 09, 2021
  • Current Sale Recording Date: Mar 30, 2021
  • Current Sale Transaction ID: 11827261728
  • Current Sale Price: $575,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0488693
  • Previous Sale Recording Date: Jan 14, 2013
  • Previous Sale Contract Date: Jan 09, 2013
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BROKER SOLUTIONS INC
  • First Mortgage Transaction Date: Mar 30, 2021
  • First Mortgage Loan Amount: $546,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: ON Q FINANCIAL INC
  • Previous Mortgage Transaction Date: Jan 14, 2013
  • Previous Mortgage Loan Amount: $204,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2043

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Frequently Asked Questions

What neighborhood is 1556 Rollins Drive located in?
The 1556 Rollins Drive is a multifamily located in the neighborhood of East Los Angeles in East Los Angeles, Los Angeles.
What is the average sales price for listings in 1556 Rollins Drive?
The average sales price for units in 1556 Rollins Drive is $0 currently.

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