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237 East Avenue 40

237 East Avenue 40, Los Angeles, CA 90031
Property in Sycamore Grove
Sold Nov 01, 2002
$150,000
$105,000 by Hue Chua
Mortgage
237 East Avenue 40 in Los Angeles, CA was first built in 1926 and is 98 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 237 East Avenue 40 has 1,729 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. In total, the area measurement of the land is 7,498 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 D. 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 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. According to our sources, 237 East Avenue 40 sold most recently in Aug 20, 2002 for a total of $150,000. If you work out the math, that's approximately a cost of $86.76 per sqft. 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 $2,668 in taxes each year. 237 East Avenue 40 was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $208,790. If we break it down further, the land itself was valued at $157,296. Improvements to the property, however, were assessed at a total of $51,494. The property's total assessed value has been marked as more than the total market value 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.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: 1926
  • Effective Year Built: 1926
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,498
  • Total Building Area: 1,729
  • Building Area: 1,729
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,729
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: G W MORGANS SYCAMORE TRACT
  • Land Acres: 0.172
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: G W MORGANS SYCAMORE GROVE TRACT LOT/SEC 16 BLK/DIV/TWN 7

Ownership

  • Current Owner : LAM TAI SIU
  • Current Owner 2: LIN ZHENG D
  • Previous Owner : FONG SHU LIM
  • Previous Owner 2: FONG KIN PING
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 199400

Zoning

  • Zoning: LARD2

Geography

  • Assessors Map Reference: 36-B4
  • Parcel: 5451-001-010
  • Block: 7
  • Lot: 16
  • Municipality: EAST /MT WASHINGTON
  • Latitude: 34.0908
  • Longitude: -118.208

    Address

  • Full Address: 237 E Avenue 40
  • Address - House Number: 237
  • Street Direction: E
  • Address - Street Name: Avenue 40
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C015
  • 4-Digit Zip Code: 1514
  • Zip Code: 90031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,668
  • Tax Rate Code Area: 00-004

    Appraisal Valuation

  • Standard Deviation: 0.23
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 68
  • Final Value: 929,301
  • High Value: 1,143,092
  • Low Value: 715,510

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $105,000
  • First Open Lien Mortgage Lender: HUE CHUA
  • First Open Lien Mortgage Recording Date: Feb 10, 2011
  • First Open Lien Mortgage Loan Amount: $105,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Private Lender: T

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $208,790
  • Assessed Land Value: $157,296
  • Assessed Improvements Value: $51,494

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 20, 2002
  • Current Sale Recording Date: Nov 01, 2002
  • Current Sale Transaction ID: 1032594010
  • Current Sale Price: $150,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 02-2611091

    Last Sale Mortgage

  • First Mortgage Lender: PROFESSIONAL MTG CORP
  • First Mortgage Transaction Date: Nov 01, 2002
  • First Mortgage Loan Amount: $90,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Due Date: Nov 01, 2017

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Frequently Asked Questions

What neighborhood is 237 East Avenue 40 located in?
The 237 East Avenue 40 is a located in the neighborhood of Sycamore Grove in East LA, Los Angeles.
What is the average sales price for listings in 237 East Avenue 40?
The average sales price for units in 237 East Avenue 40 is $0 currently.

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