1616 North Serrano Avenue

1616 North Serrano Avenue in Los Angeles, CA was first built in 1990 and is 34 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 41 are bedrooms. In terms of bathrooms, there are a total of 41 full bathrooms. There are 41 partial bathrooms. 1616 North Serrano Avenue has 23,671 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. The linear feet across the front of the lot is 750 ft and the linear feet between the front and back of the lot is 1,750. In total, the area measurement of the land is 13,126 square feet.

Learn more about the property and building on this page. The home has a flat style roof made of roll composition. For those who need parking, there is a garage. The garage is 1,056 sqft. 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 exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. 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, 1616 North Serrano Avenue sold most recently in May 30, 2023 for a total of $9,995,000. If you work out the math, that's approximately a cost of $422.25 per sqft. Before that, the property was also sold for $4,912,049 in Mar 20, 2014. 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 $95,834 in taxes each year. 1616 North Serrano Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $8,124,106. If we break it down further, the land itself was valued at $4,713,042. Improvements to the property, however, were assessed at a total of $3,411,064. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!