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1855 South Mansfield Avenue

1855 South Mansfield Avenue, Los Angeles, CA 90019
Multifamily in Mid City
Sold Apr 14, 2021
$1,750,000
Seller
$1,250,000 by Pacific Lending Group
Mortgage Due May 01, 2051
Sold Dec 13, 2019
$1,205,000
$1,243,550 by Center Street Lending Mp Iii S
Mortgage
Local assessors in Los Angeles, CA have categorized 1855 South Mansfield Avenue as a residential type of property. The home was built in 1936 and is 88 years old. The property's lot size has been calculated to be 7,325 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a triplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 5 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 4 full bathrooms. There are also 4 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 1855 South Mansfield Avenue has a total of 3,642 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. 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. Residents rely on air conditioning for their cooling 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. According to our sources, 1855 South Mansfield Avenue sold most recently in Mar 15, 2021 for a total of $1,750,000. If you work out the math, that's approximately a cost of $480.51 per sqft. Before that, the property was also sold for $1,205,000 in Nov 20, 2019. 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 $21,375 in taxes each year. The initial year of tax delinquency occurred in 2019. 1855 South Mansfield Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,820,700. If we break it down further, the land itself was valued at $1,352,520. Improvements to the property, however, were assessed at a total of $468,180. The property's total assessed value has been marked as more than the total market value 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!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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1936
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Triplex
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,325
  • Total Building Area: 3,642
  • Gross Building Area: 3,642
  • Building Area: 3,642
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 3,642
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5955
  • Land Acres: 0.168
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: TRACT NO 5955 LOT/SEC 13 BLK/DIV/TWN 5

Ownership

  • Current Owner : SINGH PARAMJIT
  • Previous Owner : SYDBEN LLC
  • Owner Before Previous Owner: HALL ERMA J
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 218300

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 43-A4
  • Subdivision Tract Number: 5955
  • Parcel: 5067-015-013
  • Block: 5
  • Lot: 13
  • Municipality: WEST /MID CTY/PICO UN
  • Latitude: 34.0412
  • Longitude: -118.349

    Address

  • Full Address: 1855 S Mansfield Ave
  • Address - House Number: 1855
  • Street Direction: S
  • Address - Street Name: Mansfield
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C043
  • 4-Digit Zip Code: 5451
  • Zip Code: 90019

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $21,375
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.229
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 1,795,641
  • High Value: 2,206,991
  • Low Value: 1,384,291

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,250,000
  • First Open Lien Mortgage Lender: PACIFIC LENDING GROUP
  • First Open Lien Mortgage Recording Date: Apr 14, 2021
  • First Open Lien Mortgage Loan Amount: $1,250,000
  • 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: May 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,820,700
  • Assessed Land Value: $1,352,520
  • Assessed Improvements Value: $468,180

    Sales

  • Current Sale Contract Date: Mar 15, 2021
  • Current Sale Recording Date: Apr 14, 2021
  • Current Sale Transaction ID: 11830410675
  • Current Sale Price: $1,750,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0587226
  • Previous Sale Recording Date: Dec 13, 2019
  • Previous Sale Contract Date: Nov 20, 2019
  • Previous Sale Amount: $1,205,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PACIFIC LENDING GROUP
  • First Mortgage Transaction Date: Apr 14, 2021
  • First Mortgage Loan Amount: $1,250,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: CENTER STREET LENDING MP III S
  • Previous Mortgage Transaction Date: Dec 13, 2019
  • Previous Mortgage Loan Amount: $1,243,550
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 1855 South Mansfield Avenue located in?
The 1855 South Mansfield Avenue is a multifamily located in the neighborhood of Mid City in South LA, Los Angeles.
What is the average sales price for listings in 1855 South Mansfield Avenue?
The average sales price for units in 1855 South Mansfield Avenue is $0 currently.

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