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248 South Sycamore Avenue

248 South Sycamore Avenue, Los Angeles, CA 90036
Property in Greater Wilshire
248 South Sycamore Avenue 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 1928 and is 96 years old. The home has a total of 8 bedrooms. Residents will have access to 8 full bathrooms. There are 8 partial bathrooms in the home. In addition, 248 South Sycamore Avenue has 6,912 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 7,681 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a quadplex 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. 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 inside of the home is being cooled with air conditioning at the moment. The property was last sold in Sep 30, 2021 for $3,115,000. That's $450.67 per sqft. Prior to that sales transaction, the property was also sold in Aug 1, 2011 for $1,700,017. 248 South Sycamore Avenue was last assessed in 2023. The total value of the property was assessed at $3,177,300. Specifically, the land the property is located on was valued at $1,269,900. While improvements on the property were assessed at a total of $1,907,400. 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 $37,223. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201111
11/11/2020
Studio
-
-
$3,490,000
bedrooms
Studio
bathrooms
-
$3,115,000 -10.74%
10/13/2021
Jonathan Kim

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Quadplex
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,681
  • Total Building Area: 6,912
  • Gross Building Area: 6,912
  • Building Area: 6,912
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 6,912
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 8498
  • Land Acres: 0.176
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: TRACT NO 8498 LOT/SEC 180

Ownership

  • Current Owner : GOTHARD ELIZABETH BEAR
  • Current Owner 2: ELIZABETH A BEAR SEPARATE PROP
  • Previous Owner : YOON KENNETH
  • Previous Owner 2: YOON SOYOUNG
  • Owner Before Previous Owner: FISHER ROBERT M
  • Ownership Rights Codes: Trustee/Conservator

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 214100

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 34-B6
  • Subdivision Tract Number: 8498
  • Parcel: 5513-024-025
  • Lot: 180
  • Municipality: WEST /HANCOCK PARK
  • Latitude: 34.0696
  • Longitude: -118.343

    Address

  • Full Address: 248 S Sycamore Ave
  • Address - House Number: 248
  • Street Direction: S
  • Address - Street Name: Sycamore
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C070
  • 4-Digit Zip Code: 3054
  • Zip Code: 90036

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $37,223
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.0677
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 96
  • Final Value: 3,158,514
  • High Value: 3,372,508
  • Low Value: 2,944,519

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $727,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Oct 13, 2021
  • First Open Lien Mortgage Loan Amount: $727,000
  • 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: Nov 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,177,300
  • Assessed Land Value: $1,269,900
  • Assessed Improvements Value: $1,907,400

    Sales

  • Current Sale Contract Date: Sep 30, 2021
  • Current Sale Recording Date: Oct 13, 2021
  • Current Sale Transaction ID: 11859417983
  • Current Sale Price: $3,115,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1543262
  • Previous Sale Recording Date: Aug 23, 2011
  • Previous Sale Contract Date: Aug 01, 2011
  • Previous Sale Amount: $1,700,017
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Oct 13, 2021
  • First Mortgage Loan Amount: $727,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Aug 23, 2011
  • Previous Mortgage Loan Amount: $801,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2041

About Central LA



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Frequently Asked Questions

What neighborhood is 248 South Sycamore Avenue located in?
The 248 South Sycamore Avenue is a located in the neighborhood of Greater Wilshire in Central LA, Los Angeles.
What is the average sales price for listings in 248 South Sycamore Avenue?
The average sales price for units in 248 South Sycamore Avenue is $3,490,000 currently.

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