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2003 Virginia Road

2003 Virginia Road, Los Angeles, CA 90016
Sold May 03, 2021
$1,805,000
$880,000 by Mandalay Income Fund I Spe I L
Mortgage
Sold Oct 05, 2017
$1,355,000
$636,000 by Nmsi Inc
Mortgage Due Nov 01, 2047
2003 Virginia Road in Los Angeles, CA was first built in 1949 and is 75 years old. Although, the building on the property was most recently renovated and altered in 1969. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 2003 Virginia Road has 2,977 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. The linear feet across the front of the lot is 600 ft and the linear feet between the front and back of the lot is 1,370. In total, the area measurement of the land is 8,206 square feet.

Learn more about the property and building on this page. The home has a hip style roof made of composition shingle. There is one available parking space. 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 C. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2003 Virginia Road was last sold in Apr 22, 2021 for $1,805,000. According to our calculations, that's $606.32 per sqft. Prior to that sales transaction, the property was sold for $1,355,000 in Sep 11, 2017. Current property owners are expected to pay $21,913 in taxes per year. The property on 2003 Virginia Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,877,921. To break that down further, the land itself was valued at $1,141,006. While improvements to the property were assessed at a total of $736,915. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Driveway

Driveway

Parking

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

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 8,206
  • Lot Size Depth Feet: 1,370
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,977
  • Building Area: 2,977
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 2,977
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 2072
  • Land Acres: 0.188
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 2072 LOT/SEC 11 BLK/DIV/TWN 6

Ownership

  • Current Owner : FIRST AFRICAN METHODIST EPISCOPAL CHR OF
  • Previous Owner : KIM DANIEL HO
  • Previous Owner 2: KIM ELIZABETH H
  • Owner Before Previous Owner: LIONS HEAD LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 218701

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 43-B4
  • Subdivision Tract Number: 2072
  • Parcel: 5061-005-011
  • Block: 6
  • Lot: 11
  • Municipality: WEST /MID-CITY
  • Latitude: 34.0381
  • Longitude: -118.337

    Address

  • Full Address: 2003 Virginia Rd
  • Address - House Number: 2003
  • Address - Street Name: Virginia
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C032
  • 4-Digit Zip Code: 1731
  • Zip Code: 90016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $21,913
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.23
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 68
  • Final Value: 1,683,876
  • High Value: 2,071,262
  • Low Value: 1,296,491

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $880,000
  • First Open Lien Mortgage Lender: MANDALAY INCOME FUND I SPE I L
  • First Open Lien Mortgage Recording Date: May 03, 2021
  • First Open Lien Mortgage Loan Amount: $880,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,877,921
  • Assessed Land Value: $1,141,006
  • Assessed Improvements Value: $736,915

    Sales

  • Current Sale Contract Date: Apr 22, 2021
  • Current Sale Recording Date: May 03, 2021
  • Current Sale Transaction ID: 11833546053
  • Current Sale Price: $1,805,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0703666
  • Previous Sale Recording Date: Oct 05, 2017
  • Previous Sale Contract Date: Sep 11, 2017
  • Previous Sale Amount: $1,355,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MANDALAY INCOME FUND I SPE I L
  • First Mortgage Transaction Date: May 03, 2021
  • First Mortgage Loan Amount: $880,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: NMSI INC
  • Previous Mortgage Transaction Date: Oct 05, 2017
  • Previous Mortgage Loan Amount: $636,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2047

About South LA



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Frequently Asked Questions

What neighborhood is 2003 Virginia Road located in?
The 2003 Virginia Road is a house located in the neighborhood of Wellington Square in South LA, Los Angeles.
What is the average sales price for listings in 2003 Virginia Road?
The average sales price for units in 2003 Virginia Road is $1,749,000 , or $503/sqft. currently.

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