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224 South Avenue 56

224 South Avenue 56, Los Angeles, CA 90042
Property in Highland Park
Sold Feb 27, 2003
$545,000
$328,000 by Bank Of Internet Usa
Mortgage Due Mar 01, 2033
Sold Mar 01, 2000
$270,000
$189,000 by L A Standard Inc
Mortgage Due Mar 01, 2015
224 South Avenue 56 in Los Angeles, CA was first built in 1990 and is 34 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 10 are bedrooms. In terms of bathrooms, there are a total of 10 full bathrooms. There are 10 partial bathrooms. 224 South Avenue 56 has 5,384 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 450 ft and the linear feet between the front and back of the lot is 1,380. In total, the area measurement of the land is 6,842 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 B. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. 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, 224 South Avenue 56 was last sold in Feb 26, 2003 for $545,000. According to our calculations, that's $101.23 per sqft. Prior to that sales transaction, the property was sold for $270,000 in Feb 24, 2000. Current property owners are expected to pay $9,754 in taxes per year. The property on 224 South Avenue 56 was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $758,675. To break that down further, the land itself was valued at $348,016. While improvements to the property were assessed at a total of $410,659. 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. 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!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 10
  • Bathroom Count: 10
  • Full Bathrooms: 10
  • Partial Bathrooms: 10
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 8
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,842
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 450
  • Total Building Area: 5,384
  • Gross Building Area: 5,384
  • Building Area: 5,384
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 5,384
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MEDIA TRACT
  • Land Acres: 0.157
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: MEDIA TR LOT 32 AND POR OF LOT 31

Ownership

  • Current Owner : SPAJIC MILOVAN
  • Current Owner 2: SPAJIC MILENA
  • Previous Owner : TAY LUIS CHAVEZ
  • Owner Before Previous Owner: HAO TUAN BANH
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 183820

Zoning

  • Zoning: LARD2

Geography

  • Assessors Map Reference: 36-C2
  • Parcel: 5468-028-029
  • Lot: 32,31
  • Municipality: EAST /HIGHLAND PARK
  • Latitude: 34.1059
  • Longitude: -118.194

    Address

  • Full Address: 224 S Avenue 56
  • Address - House Number: 224
  • Street Direction: S
  • Address - Street Name: Avenue 56
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C046
  • 4-Digit Zip Code: 4682
  • Zip Code: 90042

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,754
  • Tax Rate Code Area: 00-004

    Appraisal Valuation

  • Standard Deviation: 0.3284
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 34
  • Final Value: 785,299
  • High Value: 1,043,218
  • Low Value: 527,379

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $608,000
  • First Open Lien Mortgage Lender: BANK OF INTERNET USA
  • First Open Lien Mortgage Recording Date: Feb 27, 2003
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $328,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2033
  • Second Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • Second Open Lien Mortgage Recording Date: Dec 19, 2012
  • Second Open Lien Mortgage Loan Amount: $280,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $758,675
  • Assessed Land Value: $348,016
  • Assessed Improvements Value: $410,659

    Sales

  • Current Sale Contract Date: Feb 26, 2003
  • Current Sale Recording Date: Feb 27, 2003
  • Current Sale Transaction ID: 1040527881
  • Current Sale Price: $545,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 03-0567423
  • Previous Sale Recording Date: Mar 01, 2000
  • Previous Sale Contract Date: Feb 24, 2000
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: Individual Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF INTERNET USA
  • First Mortgage Transaction Date: Feb 27, 2003
  • First Mortgage Loan Amount: $328,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Mar 01, 2033

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: L A STANDARD INC
  • Previous Mortgage Transaction Date: Mar 01, 2000
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $189,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Mar 01, 2015

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Frequently Asked Questions

What neighborhood is 224 South Avenue 56 located in?
The 224 South Avenue 56 is a located in the neighborhood of Highland Park in East LA, Los Angeles.
What is the average sales price for listings in 224 South Avenue 56?
The average sales price for units in 224 South Avenue 56 is $0 currently.

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