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1655 Stearns Drive

1655 Stearns Drive, Los Angeles, CA 90035
Sold Jun 13, 2019
$1,300,000
$1,040,000 by Morgan Stanley Private Bank Na
Mortgage Due Aug 01, 2050
Sold May 13, 2015
$1,060,000
$770,000 by California Bank & Trust
Mortgage Due Jun 01, 2045
Local assessors in Los Angeles, CA have categorized 1655 Stearns Drive as a residential type of property. The home was built in 1934 and is 90 years old. It was most recently renovated and altered in 1935. The property's lot size has been calculated to be 6,449 square feet. The linear feet between the front and back of the lot was measured at 1,290 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Spanish style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 2 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 2 full bathrooms. There are also 2 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 1655 Stearns Drive has a total of 1,586 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. There is only one available parking space, so if you need more, you may need to find some alternatives. 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. Lots of stucco were used in the construction of the exterior walls of the home. The home's a central heating system is the primary heating source. The property was last sold in Jun 7, 2019 for $1,300,000. That's $819.67 per sqft. Prior to that sales transaction, the property was also sold in Feb 10, 2015 for $1,060,000. 1655 Stearns Drive was last assessed in 2023. The total value of the property was assessed at $1,393,858. Specifically, the land the property is located on was valued at $1,104,795. While improvements on the property were assessed at a total of $289,063. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $16,153. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Detached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1934
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Spanish
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Roll composition
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,449
  • Lot Size Depth Feet: 1,290
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,586
  • Building Area: 1,586
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,586
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 7887
  • Land Acres: 0.148
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 7887 LOT/SEC 246

Ownership

  • Current Owner : BENABOU JOSEPH
  • Current Owner 2: BENABOU MARCELLE
  • Previous Owner : SAMUEL ANTHONY
  • Previous Owner 2: SAMUEL FANNY
  • Owner Before Previous Owner: PURI RISHI
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 216700

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 42-E3
  • Subdivision Tract Number: 7887
  • Parcel: 5068-009-028
  • Lot: 246
  • Municipality: WEST /MID-CITY
  • Latitude: 34.0468
  • Longitude: -118.373

    Address

  • Full Address: 1655 Stearns Dr
  • Address - House Number: 1655
  • Address - Street Name: Stearns
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C023
  • 4-Digit Zip Code: 4515
  • Zip Code: 90035

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,153
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2246
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 1,557,664
  • High Value: 1,907,626
  • Low Value: 1,207,702

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,040,000
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: Jul 20, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,040,000
  • 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: Aug 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,393,858
  • Assessed Land Value: $1,104,795
  • Assessed Improvements Value: $289,063

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 07, 2019
  • Current Sale Recording Date: Jun 13, 2019
  • Current Sale Transaction ID: 11613828412
  • Current Sale Price: $1,300,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0560578
  • Previous Sale Recording Date: May 13, 2015
  • Previous Sale Contract Date: Feb 10, 2015
  • Previous Sale Amount: $1,060,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMEBRIDGE FINANCIAL SERVICES
  • First Mortgage Transaction Date: Jun 13, 2019
  • First Mortgage Loan Amount: $1,040,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jul 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: CALIFORNIA BANK & TRUST
  • Previous Mortgage Transaction Date: May 13, 2015
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $770,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Jun 01, 2045

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Frequently Asked Questions

What neighborhood is 1655 Stearns Drive located in?
The 1655 Stearns Drive is a house located in the neighborhood of Neighbors United in Central LA, Los Angeles.
What is the average sales price for listings in 1655 Stearns Drive?
The average sales price for units in 1655 Stearns Drive is $0 currently.

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