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228 West 24th Street

228 West 24th Street, Los Angeles, CA 90007
Property in South Central LA
Sold Dec 31, 2002
Transfer
$248,964 by Lisa Ly Lam
Mortgage
228 West 24th Street 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 1930 and is 94 years old. However, we must point out that the home was most recently renovated and altered in 1948. The home comes with a single bedroom. Residents will have access to one full bathroom. There is one partial bathroom in the home. In addition, 228 West 24th Street has 358 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 8,532 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. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heating 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. Tax-wise, the current owner is expected to pay close to $4,680 in taxes each year. 228 West 24th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $377,236. If we break it down further, the land itself was valued at $375,855. Improvements to the property, however, were assessed at a total of $1,381. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1948
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,532
  • Total Building Area: 358
  • Building Area: 358
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 358
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HEGE TRACT
  • Land Acres: 0.196
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HEGE TRACT LOT/SEC 27

Ownership

  • Current Owner : ARSLAN JEAN
  • Previous Owner : LAM LISA LY
  • Previous Owner 2: LAM MUOI LY
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 224020

Zoning

  • Zoning: LAM1

Geography

  • Assessors Map Reference: 44-B5
  • Parcel: 5126-020-005
  • Lot: 27
  • Municipality: EAST /CENTRAL LA
  • Latitude: 34.0276
  • Longitude: -118.27

    Address

  • Full Address: 228 W 24th St
  • Address - House Number: 228
  • Street Direction: W
  • Address - Street Name: 24th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C023
  • 4-Digit Zip Code: 2635
  • Zip Code: 90007

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,680
  • Tax Rate Code Area: 06-658

    Appraisal Valuation

  • Standard Deviation: 0.2351
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 67
  • Final Value: 3,011,232
  • High Value: 3,719,292
  • Low Value: 2,303,172

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $248,964
  • First Open Lien Mortgage Lender: LISA LY LAM
  • First Open Lien Mortgage Recording Date: Dec 31, 2002
  • First Open Lien Mortgage Loan Amount: $248,964
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Seller take-back
  • First Open Lien Mortgage Private Lender: T

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $377,236
  • Assessed Land Value: $375,855
  • Assessed Improvements Value: $1,381

    Sales

  • Current Sale Contract Date: Dec 10, 2002
  • Current Sale Recording Date: Dec 31, 2002
  • Current Sale Transaction ID: 1040075214
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 02-3233400

    Last Sale Mortgage

  • First Mortgage Lender: LISA LY LAM
  • First Mortgage Transaction Date: Dec 31, 2002
  • First Mortgage Loan Amount: $248,964
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Seller take-back

About South LA



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Frequently Asked Questions

What neighborhood is 228 West 24th Street located in?
The 228 West 24th Street is a located in the neighborhood of South Central LA in South LA, Los Angeles.
What is the average sales price for listings in 228 West 24th Street?
The average sales price for units in 228 West 24th Street is $0 currently.

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