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1607 North Benton Way

1607 North Benton Way, Los Angeles, CA 90026
Property in Silver Lake
Sold Aug 10, 2023
$1,375,000
$1,715,600 by Genesis Capital, Llc
Mortgage
1607 North Benton Way has been categorized by the local assessors in Los Angeles, CA as a residential type of property. The building on the property was first built in 1920 and is 104 years old. However, we must point out that the home was most recently renovated and altered in 1940. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1607 North Benton Way has 1,816 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,410 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 6,920 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing floor/wall heating system. There is a single fireplace in the home. Perfect for those wintery nights. 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, 1607 North Benton Way was last sold in Jul 21, 2023 for $1,375,000. According to our calculations, that's $757.16 per sqft. Current property owners are expected to pay $4,277 in taxes per year. The property on 1607 North Benton Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $361,412. To break that down further, the land itself was valued at $186,850. While improvements to the property were assessed at a total of $174,562. 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. 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.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,920
  • Lot Size Depth Feet: 1,410
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,816
  • Building Area: 1,816
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,816
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BERKELEY TRACT
  • Land Acres: 0.159
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BERKELEY TRACT LOT/SEC 12 BLK/DIV/TWN 7

Ownership

  • Current Owner : 1607 BENTON LLC
  • Previous Owner : BARNES CYNTHIA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 195500

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 35-B4
  • Parcel: 5423-016-011
  • Block: 7
  • Lot: 12
  • Municipality: EAST /LA SILVER LAKE
  • Latitude: 34.0868
  • Longitude: -118.267

    Address

  • Full Address: 1607 N Benton Way
  • Address - House Number: 1607
  • Street Direction: N
  • Address - Street Name: Benton
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C036
  • 4-Digit Zip Code: 1414
  • Zip Code: 90026

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,277
  • Tax Rate Code Area: 00-013

    Appraisal Valuation

  • Standard Deviation: 0.2316
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 67
  • Final Value: 1,467,151
  • High Value: 1,806,971
  • Low Value: 1,127,331

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,715,600
  • First Open Lien Mortgage Lender: GENESIS CAPITAL, LLC
  • First Open Lien Mortgage Recording Date: Aug 10, 2023
  • First Open Lien Mortgage Loan Amount: $1,715,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $361,412
  • Assessed Land Value: $186,850
  • Assessed Improvements Value: $174,562

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 21, 2023
  • Current Sale Recording Date: Aug 10, 2023
  • Current Sale Transaction ID: 11910775465
  • Current Sale Price: $1,375,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 529381

    Last Sale Mortgage

  • First Mortgage Lender: GENESIS CAPITAL, LLC
  • First Mortgage Transaction Date: Aug 10, 2023
  • First Mortgage Loan Amount: $1,715,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan

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Frequently Asked Questions

What neighborhood is 1607 North Benton Way located in?
The 1607 North Benton Way is a located in the neighborhood of Silver Lake in East LA, Los Angeles.
What is the average sales price for listings in 1607 North Benton Way?
The average sales price for units in 1607 North Benton Way is $0 currently.

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