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2424 Virginia Road

2424 Virginia Road, Los Angeles, CA 90016
Property in West Adams
Sold Dec 23, 2020
$840,000
$672,000 by Wells Fargo Bank Na
Mortgage Due Jan 01, 2051
Sold Oct 27, 2017
$680,000
$612,000 by Quicken Loans Inc
Mortgage Due Nov 01, 2047
2424 Virginia Road 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 1922 and is 102 years old. However, we must point out that the home was most recently renovated and altered in 1944. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2424 Virginia Road has 1,180 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,350 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 6,753 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as good. 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 B by the local assessor. The building has a gable style roof made of roll composition. In terms of heating, it is utilizing floor/wall heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. 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, 2424 Virginia Road was last sold in Dec 1, 2020 for $840,000. According to our calculations, that's $711.86 per sqft. Prior to that sales transaction, the property was sold for $680,000 in Sep 26, 2017. Current property owners are expected to pay $10,276 in taxes per year. The property on 2424 Virginia Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $873,935. To break that down further, the land itself was valued at $699,148. While improvements to the property were assessed at a total of $174,787. 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: 1922
  • Effective Year Built: 1944
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Roof Cover Type: Roll composition
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,753
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,180
  • Building Area: 1,180
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,180
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 2072
  • Land Acres: 0.155
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 2072 LOT/SEC 38 BLK/DIV/TWN 5

Ownership

  • Current Owner : SCHERZA DEAN J
  • Current Owner 2: LIN REBECCA CHAN
  • Previous Owner : HARRISON JOSHUA
  • Previous Owner 2: HARRISON MICHELLE
  • Owner Before Previous Owner: BIAGAS THOMAS EVERETT
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 218702

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 43-B5
  • Subdivision Tract Number: 2072
  • Parcel: 5050-008-050
  • Block: 5
  • Lot: 38
  • Municipality: WEST /ADAMS/CRENSHAW
  • Latitude: 34.0337
  • Longitude: -118.338

    Address

  • Full Address: 2424 Virginia Rd
  • Address - House Number: 2424
  • Address - Street Name: Virginia
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C026
  • 4-Digit Zip Code: 1638
  • Zip Code: 90016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,276
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.1838
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 75
  • Final Value: 1,047,944
  • High Value: 1,240,593
  • Low Value: 855,296

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $672,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Dec 23, 2020
  • First Open Lien Mortgage Loan Amount: $672,000
  • 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: Jan 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $873,935
  • Assessed Land Value: $699,148
  • Assessed Improvements Value: $174,787

    Sales

  • Current Sale Contract Date: Dec 01, 2020
  • Current Sale Recording Date: Dec 23, 2020
  • Current Sale Transaction ID: 11808783405
  • Current Sale Price: $840,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 20-1718265
  • Previous Sale Recording Date: Oct 27, 2017
  • Previous Sale Contract Date: Sep 26, 2017
  • Previous Sale Amount: $680,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Dec 23, 2020
  • First Mortgage Loan Amount: $672,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: QUICKEN LOANS INC
  • Previous Mortgage Transaction Date: Oct 27, 2017
  • Previous Mortgage Loan Amount: $612,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2047

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Frequently Asked Questions

What neighborhood is 2424 Virginia Road located in?
The 2424 Virginia Road is a located in the neighborhood of West Adams in South LA, Los Angeles.
What is the average sales price for listings in 2424 Virginia Road?
The average sales price for units in 2424 Virginia Road is $0 currently.

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