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1616 South Bundy Drive

1616 South Bundy Drive, Los Angeles, CA 90025
Property in West Los Angeles
Sold Oct 28, 2014
$2,413,500
Sold Apr 10, 2013
$1,950,000
$1,200,000 by First Republic Bank
Mortgage
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1616 South Bundy Drive 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 1984 and is 40 years old. The home has a total of 8 bedrooms. Residents will have access to 9 full bathrooms. There are 9 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1616 South Bundy Drive has 5,300 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,948 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 2,708 sqft. 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 A by the local assessor. The building has a flat style roof made of tar and gravel. The exterior walls of the building are made of stucco. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating 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, 1616 South Bundy Drive was last sold in Oct 14, 2014 for $2,413,500. According to our calculations, that's $455.38 per sqft. Prior to that sales transaction, the property was sold for $1,950,000 in Mar 20, 2013. Current property owners are expected to pay $33,335 in taxes per year. The property on 1616 South Bundy Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,830,186. To break that down further, the land itself was valued at $1,981,132. While improvements to the property were assessed at a total of $849,054. 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. 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!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: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 9
  • Full Bathrooms: 9
  • Partial Bathrooms: 9
  • Building Quality: A
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 2
  • Living Units: 7
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 2,708
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,948
  • Total Building Area: 5,300
  • Gross Building Area: 5,300
  • Building Area: 5,300
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 5,300
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 13279
  • Land Acres: 0.137
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: TR=13279*(EX OF ST) LOT/SEC 4

Ownership

  • Current Owner : SHOLS LLC
  • Current Owner 2: KORNBERG FAMILY TRUST
  • Previous Owner : JUDMARC LLC
  • Owner Before Previous Owner: 1616 SOUTH BUNDY LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 267502

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 41-C4
  • Subdivision Tract Number: 13279
  • Parcel: 4259-003-029
  • Lot: 4
  • Municipality: WEST /BRENTWOOD
  • Latitude: 34.0386
  • Longitude: -118.461

    Address

  • Full Address: 1616 S Bundy Dr
  • Address - House Number: 1616
  • Street Direction: S
  • Address - Street Name: Bundy
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C023
  • 4-Digit Zip Code: 2656
  • Zip Code: 90025

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $33,335
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.3325
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 33
  • Final Value: 2,677,460
  • High Value: 3,567,803
  • Low Value: 1,787,116

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,830,186
  • Assessed Land Value: $1,981,132
  • Assessed Improvements Value: $849,054

    Sales

  • Current Sale Contract Date: Oct 14, 2014
  • Current Sale Recording Date: Oct 28, 2014
  • Current Sale Transaction ID: 1030306098
  • Current Sale Price: $2,413,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 14-1137383
  • Previous Sale Recording Date: Apr 10, 2013
  • Previous Sale Contract Date: Mar 20, 2013
  • Previous Sale Amount: $1,950,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: FIRST REPUBLIC BANK
  • Previous Mortgage Transaction Date: Apr 10, 2013
  • Previous Mortgage Loan Amount: $1,200,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 1616 South Bundy Drive located in?
The 1616 South Bundy Drive is a located in the neighborhood of West Los Angeles in West Los Angeles, Los Angeles.
What is the average sales price for listings in 1616 South Bundy Drive?
The average sales price for units in 1616 South Bundy Drive is $0 currently.

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