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1556 South Orange Grove Avenue

1556 South Orange Grove Avenue, Los Angeles, CA 90019
Property in Picfair Village
Sold Mar 23, 2022
$2,600,000
Sold Jul 30, 2020
$2,100,000
$1,140,000 by Cogent Bank
Mortgage Due Aug 01, 2040
Local assessors in Los Angeles, CA have categorized 1556 South Orange Grove Avenue as a residential type of property. The home was built in 1961 and is 63 years old. The property's lot size has been calculated to be 6,885 square feet. 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, 9 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 9 full bathrooms. There are also 9 partial bathrooms. 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 South Orange Grove Avenue has a total of 5,987 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 flat style roof that was made of roll composition. Residents rely on air conditioning for their cooling system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1556 South Orange Grove Avenue was last sold in Jan 25, 2022 for $2,600,000. According to our calculations, that's $434.27 per sqft. Prior to that sales transaction, the property was sold for $2,100,000 in Apr 7, 2020. Current property owners are expected to pay $26,136 in taxes per year. The property on 1556 South Orange Grove Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,652,000. To break that down further, the land itself was valued at $2,040,000. While improvements to the property were assessed at a total of $612,000. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 9
  • Bathroom Count: 9
  • Full Bathrooms: 9
  • Partial Bathrooms: 9
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Roof Shape Type: Flat
  • Roof Cover Type: Roll composition
  • Floor Count: 1
  • Living Units: 7
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,885
  • Total Building Area: 5,987
  • Gross Building Area: 5,987
  • Building Area: 5,987
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 5,987
  • 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: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: TRACT # 4713 LOT/SEC 69

Ownership

  • Current Owner : ROMERO RAMON
  • Current Owner 2: ROMERO ANA M
  • Previous Owner : 1556 AMERICA PROPERTIES LLC
  • Owner Before Previous Owner: PETERS KAREN M
  • Owner Before Previous Owner 2: KAREN M WILLIAMS TRUST
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

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: 5068-026-014
  • Lot: 69
  • Municipality: WEST /MID-CITY
  • Latitude: 34.0478
  • Longitude: -118.366

    Address

  • Full Address: 1556 S Orange Grove Ave
  • Address - House Number: 1556
  • 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: 4931
  • Zip Code: 90019

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $26,136
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.1159
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 76
  • Final Value: 2,142,740
  • High Value: 2,391,109
  • Low Value: 1,894,370

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,652,000
  • Assessed Land Value: $2,040,000
  • Assessed Improvements Value: $612,000

    Sales

  • Current Sale Contract Date: Jan 25, 2022
  • Current Sale Recording Date: Mar 23, 2022
  • Current Sale Transaction ID: 11882804435
  • Current Sale Price: $2,600,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 331379
  • Previous Sale Recording Date: Jul 30, 2020
  • Previous Sale Contract Date: Apr 07, 2020
  • Previous Sale Amount: $2,100,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FRESNO FIRST BANK
  • First Mortgage Transaction Date: Mar 23, 2022
  • First Mortgage Loan Amount: $1,650,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: COGENT BANK
  • Previous Mortgage Transaction Date: Jul 30, 2020
  • Previous Mortgage Loan Amount: $1,140,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Aug 01, 2040

About Central LA



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Frequently Asked Questions

What neighborhood is 1556 South Orange Grove Avenue located in?
The 1556 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 1556 South Orange Grove Avenue?
The average sales price for units in 1556 South Orange Grove Avenue is $0 currently.

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