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171 South Burlington Avenue

171 South Burlington Avenue, Los Angeles, CA 90057
Property in Westlake North
Sold Sep 19, 2019
$48,250,000
$36,950,000 by Bds Iii Mortgage Capital B Llc
Mortgage
171 South Burlington Avenue in Los Angeles, CA was first built in 1989 and is 35 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 76 are bedrooms. In terms of bathrooms, there are a total of 76 full bathrooms. There are 76 partial bathrooms. 171 South Burlington Avenue has 43,956 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. In total, the area measurement of the land is 21,935 square feet.

Learn more about the property and building on this page. 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 A. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. The property was last sold in Sep 4, 2019 for $48,250,000. That's $1,097.69 per sqft. 171 South Burlington Avenue was last assessed in 2023. The total value of the property was assessed at $14,537,797. Specifically, the land the property is located on was valued at $11,562,963. While improvements on the property were assessed at a total of $2,974,834. 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 $180,342. The initial tax year of delinquency was in 2019. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 76
  • Bathroom Count: 76
  • Full Bathrooms: 76
  • Partial Bathrooms: 76
  • Building Quality: A
  • Construction Type: Wood
  • Living Units: 58
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 21,935
  • Total Building Area: 43,956
  • Gross Building Area: 43,956
  • Building Area: 43,956
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 43,956
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: YARNELLS SUB
  • Land Acres: 0.504
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: YARNELLS SUBDIVISION LOTS 23 AND LOT/SEC 25 BLK/DIV/TWN 1

Ownership

  • Current Owner : 29SC BURLINGTON LP
  • Previous Owner : LASKI MORTIMER
  • Previous Owner 2: 1979 EHRLICH INVESTMENT TRUST
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 208401

Zoning

  • Zoning: LAR4

Geography

  • Assessors Map Reference: 44-B2
  • Parcel: 5154-001-015
  • Block: 1
  • Lot: 23
  • Municipality: WEST
  • Latitude: 34.0633
  • Longitude: -118.268

    Address

  • Full Address: 171 S Burlington Ave
  • Address - House Number: 171
  • Street Direction: S
  • Address - Street Name: Burlington
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C011
  • 4-Digit Zip Code: 2500
  • Zip Code: 90057

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $180,342
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 00-067

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $36,950,000
  • First Open Lien Mortgage Lender: BDS III MORTGAGE CAPITAL B LLC
  • First Open Lien Mortgage Recording Date: Sep 19, 2019
  • First Open Lien Mortgage Loan Amount: $36,950,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,537,797
  • Assessed Land Value: $11,562,963
  • Assessed Improvements Value: $2,974,834

    Sales

  • Current Sale Contract Date: Sep 04, 2019
  • Current Sale Recording Date: Sep 19, 2019
  • Current Sale Transaction ID: 11646149594
  • Current Sale Price: $48,250,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0977460

    Last Sale Mortgage

  • First Mortgage Lender: BDS III MORTGAGE CAPITAL B LLC
  • First Mortgage Transaction Date: Sep 19, 2019
  • First Mortgage Loan Amount: $36,950,000
  • First Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 171 South Burlington Avenue located in?
The 171 South Burlington Avenue is a located in the neighborhood of Westlake North in Central LA, Los Angeles.
What is the average sales price for listings in 171 South Burlington Avenue?
The average sales price for units in 171 South Burlington Avenue is $0 currently.

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