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1637 3rd Avenue

1637 3rd Avenue, Los Angeles, CA 90019
Sold Aug 27, 2019
Transfer
$702,000 by Mk Lending Corp
Mortgage Due Jun 01, 2051
Sold Feb 28, 2017
$755,000
$552,502 by Capitalend Home Loans
Mortgage Due Mar 01, 2047
1637 3rd Avenue 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 1932 and is 92 years old. The home has a total of 3 bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. In addition, 1637 3rd Avenue has 2,432 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 7,002 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex 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. 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 inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $755,000 in Feb 1, 2017. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $10,018 in taxes each year. 1637 3rd Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $842,213. If we break it down further, the land itself was valued at $518,714. Improvements to the property, however, were assessed at a total of $323,499. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1932
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,002
  • Total Building Area: 2,432
  • Building Area: 2,432
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,432
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CENTRAL ARLINGTON HEIGHTS
  • Land Acres: 0.161
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: CENTRAL ARLINGTON HEIGHTS LOT/SEC 8 BLK/DIV/TWN 35

Ownership

  • Current Owner : KANG YOUNG EUN
  • Previous Owner : KANG JOANNE
  • Owner Before Previous Owner: OPES INVESTMENTS INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 218120

Zoning

  • Zoning: LARD2

Geography

  • Assessors Map Reference: 43-D4
  • Parcel: 5072-028-007
  • Block: 35
  • Lot: 8
  • Municipality: WEST /ADAMS/JEFF PARK
  • Latitude: 34.0425
  • Longitude: -118.32

    Address

  • Full Address: 1637 3rd Ave
  • Address - House Number: 1637
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C002
  • 4-Digit Zip Code: 6120
  • Zip Code: 90019

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,018
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.229
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 1,380,438
  • High Value: 1,696,673
  • Low Value: 1,064,204

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $702,000
  • First Open Lien Mortgage Lender: MK LENDING CORP
  • First Open Lien Mortgage Recording Date: May 19, 2021
  • First Open Lien Mortgage Loan Amount: $702,000
  • 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: Jun 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $842,213
  • Assessed Land Value: $518,714
  • Assessed Improvements Value: $323,499

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 11, 2019
  • Current Sale Recording Date: Aug 27, 2019
  • Current Sale Transaction ID: 11637583305
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 19-0863557
  • Previous Sale Recording Date: Feb 28, 2017
  • Previous Sale Contract Date: Feb 01, 2017
  • Previous Sale Amount: $755,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BAY VALLEY MORTGAGE GROUP
  • First Mortgage Transaction Date: Aug 27, 2019
  • First Mortgage Loan Amount: $735,143
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: CAPITALEND HOME LOANS
  • Previous Mortgage Transaction Date: Feb 28, 2017
  • Previous Mortgage Loan Amount: $552,502
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Mar 01, 2047

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Frequently Asked Questions

What neighborhood is 1637 3rd Avenue located in?
The 1637 3rd Avenue is a located in the neighborhood of Arlington Heights in South LA, Los Angeles.
What is the average sales price for listings in 1637 3rd Avenue?
The average sales price for units in 1637 3rd Avenue is $0 currently.

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