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237 East 31st Street

237 East 31st Street, Los Angeles, CA 90011
Multifamily in South Central LA
Sold Sep 23, 2021
$725,000
$461,500 by Open Bank
Mortgage Due Oct 01, 2051
Sold Jul 17, 2006
$585,000
Buyer
Seller
$468,000 by Pmc Bancorp
Mortgage Due Aug 01, 2036
Local assessors in Los Angeles, CA have categorized 237 East 31st Street as a residential type of property. The home was built in 1893 and is 131 years old. The property's lot size has been calculated to be 6,253 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, 4 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 3 full bathrooms. There are also 3 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 237 East 31st Street has a total of 2,392 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 - D. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. The property was last sold in Aug 10, 2021 for $725,000. That's $303.09 per sqft. Prior to that sales transaction, the property was also sold in Jul 6, 2006 for $585,000. 237 East 31st Street was last assessed in 2023. The total value of the property was assessed at $739,500. Specifically, the land the property is located on was valued at $510,000. While improvements on the property were assessed at a total of $229,500. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $8,906. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1893
  • Effective Year Built: 1893
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Triplex
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,253
  • Total Building Area: 2,392
  • Building Area: 2,392
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,392
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SHAFER & LANTERMANS RESUB/DIM
  • Land Acres: 0.144
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: SHAFER AND LANTERMANS RESUB OF THE DIMMICK TRACT LOT/SEC 40

Ownership

  • Current Owner : JEONG NABI WHASUK
  • Previous Owner : SHIN GRACE
  • Previous Owner 2: LEE STEVE HEE
  • Owner Before Previous Owner: KENDRICK MARY
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 224600

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 44-B6
  • Parcel: 5128-005-028
  • Lot: 40
  • Municipality: SOUTH /L.A./FLORENCE
  • Latitude: 34.0202
  • Longitude: -118.269

    Address

  • Full Address: 237 E 31st St
  • Address - House Number: 237
  • Street Direction: E
  • Address - Street Name: 31st
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C043
  • 4-Digit Zip Code: 1909
  • Zip Code: 90011

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,906
  • Tax Rate Code Area: 00-004

    Appraisal Valuation

  • Standard Deviation: 0.23
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 811,971
  • High Value: 998,753
  • Low Value: 625,188

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $461,500
  • First Open Lien Mortgage Lender: OPEN BANK
  • First Open Lien Mortgage Recording Date: Sep 23, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $461,500
  • 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: Oct 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $739,500
  • Assessed Land Value: $510,000
  • Assessed Improvements Value: $229,500

    Sales

  • Current Sale Contract Date: Aug 10, 2021
  • Current Sale Recording Date: Sep 23, 2021
  • Current Sale Transaction ID: 11856811761
  • Current Sale Price: $725,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1453014
  • Previous Sale Recording Date: Jul 17, 2006
  • Previous Sale Contract Date: Jul 06, 2006
  • Previous Sale Amount: $585,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: OPEN BANK
  • First Mortgage Transaction Date: Sep 23, 2021
  • First Mortgage Loan Amount: $461,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: PMC BANCORP
  • Previous Mortgage Transaction Date: Jul 17, 2006
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $468,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2036

About South LA



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Frequently Asked Questions

What neighborhood is 237 East 31st Street located in?
The 237 East 31st Street is a multifamily located in the neighborhood of South Central LA in South LA, Los Angeles.
What is the average sales price for listings in 237 East 31st Street?
The average sales price for units in 237 East 31st Street is $0 currently.

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