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1722 Garfield Place

1722 Garfield Place, Los Angeles, CA 90028
Property in Hollywood United
Sold Apr 29, 2019
$6,150,000
$400,000,000 by Deutsche Bank National Trust C
Mortgage
Sold Feb 04, 2016
$5,450,000
$3,500,000 by Readycap Commercial Llc
Mortgage Due Mar 01, 2036
1722 Garfield Place 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 1924 and is 100 years old. The home has a total of 24 bedrooms. Residents will have access to 24 full bathrooms. There are 24 partial bathrooms in the home. In addition, 1722 Garfield Place has 14,312 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 9,500 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. 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. 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, 1722 Garfield Place sold most recently in Apr 23, 2019 for a total of $6,150,000. If you work out the math, that's approximately a cost of $429.71 per sqft. Before that, the property was also sold for $5,450,000 in Feb 1, 2016. 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 $77,558 in taxes each year. 1722 Garfield Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $6,594,040. If we break it down further, the land itself was valued at $4,288,807. Improvements to the property, however, were assessed at a total of $2,305,233. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Bedroom Count: 24
  • Bathroom Count: 24
  • Full Bathrooms: 24
  • Partial Bathrooms: 24
  • Construction Type: Wood
  • Living Units: 24
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,500
  • Total Building Area: 14,312
  • Gross Building Area: 14,312
  • Building Area: 14,312
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 14,312
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GRIDER & HAMILTONS GARFIELD PLACE
  • Land Acres: 0.218
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: GRIDER AND HAMILTONS GARFIELD PLACE LOT/SEC 27

Ownership

  • Current Owner : LARI GARFIELD LLC
  • Previous Owner : 1722 GARFIELD APARTMENTS LLC
  • Owner Before Previous Owner: ARTISAN SQUARE LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 190303

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 34-D3
  • Parcel: 5544-005-005
  • Lot: 27
  • Municipality: EAST /LA ECHO PARK
  • Latitude: 34.1025
  • Longitude: -118.31

    Address

  • Full Address: 1722 Garfield Pl
  • Address - House Number: 1722
  • Address - Street Name: Garfield
  • Address - Suffix Type: Pl
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C001
  • 4-Digit Zip Code: 5930
  • Zip Code: 90028

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $77,558
  • Tax Rate Code Area: 00-013

    Open Liens

  • Total Open Liens: 1
  • First Open Lien Mortgage Lender: DEUTSCHE BANK NATIONAL TRUST C
  • First Open Lien Mortgage Recording Date: Apr 29, 2019
  • First Open Lien Mortgage Loan Amount: $400,000,000
  • 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: $6,594,040
  • Assessed Land Value: $4,288,807
  • Assessed Improvements Value: $2,305,233

    Sales

  • Current Sale Contract Date: Apr 23, 2019
  • Current Sale Recording Date: Apr 29, 2019
  • Current Sale Transaction ID: 11602021020
  • Current Sale Price: $6,150,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0379922
  • Previous Sale Recording Date: Feb 04, 2016
  • Previous Sale Contract Date: Feb 01, 2016
  • Previous Sale Amount: $5,450,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: DEUTSCHE BANK NATIONAL TRUST C
  • First Mortgage Transaction Date: Apr 29, 2019
  • First Mortgage Loan Amount: $400,000,000
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: READYCAP COMMERCIAL LLC
  • Previous Mortgage Transaction Date: Feb 04, 2016
  • Previous Mortgage Loan Amount: $3,500,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Mar 01, 2036

About Central LA



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Frequently Asked Questions

What neighborhood is 1722 Garfield Place located in?
The 1722 Garfield Place is a located in the neighborhood of Hollywood United in Central LA, Los Angeles.
What is the average sales price for listings in 1722 Garfield Place?
The average sales price for units in 1722 Garfield Place is $0 currently.

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