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249 South Highland Avenue

249 South Highland Avenue, Los Angeles, CA 90036
Property in Greater Wilshire
Sold Apr 28, 2021
$2,000,000
$1,400,000 by Wells Fargo Bank Na
Mortgage Due May 01, 2051
Sold Sep 26, 2011
$900,000
249 South Highland Avenue in Los Angeles, CA was first built in 1925 and is 99 years old. Although, the building on the property was most recently renovated and altered in 1932. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. There are a total of 2 floors. There are a total of 11 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 249 South Highland Avenue has 2,718 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. The linear feet across the front of the lot is 590 ft and the linear feet between the front and back of the lot is 1,350. In total, the area measurement of the land is 7,965 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. There is one available parking space. 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 A. The exterior walls of the home are made of stucco. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 249 South Highland Avenue sold most recently in Apr 12, 2021 for a total of $2,000,000. If you work out the math, that's approximately a cost of $735.84 per sqft. Before that, the property was also sold for $900,000 in Sep 22, 2011. 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 $24,181 in taxes each year. 249 South Highland Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,080,800. If we break it down further, the land itself was valued at $1,664,640. Improvements to the property, however, were assessed at a total of $416,160. 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: 1925
  • Effective Year Built: 1932
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,965
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 590
  • Total Building Area: 2,718
  • Building Area: 2,718
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,718
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 8498
  • Land Acres: 0.183
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 8498 LOT/SEC 615

Ownership

  • Current Owner : GROSSMAN TZVI
  • Current Owner 2: GROSSMAN LEAH
  • Previous Owner : REICHMAN MITCHELL
  • Previous Owner 2: REICHMAN ATARA
  • Owner Before Previous Owner: WHITE DANIEL T
  • Owner Before Previous Owner 2: WHITE ALLISON G
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

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

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 34-B6
  • Subdivision Tract Number: 8498
  • Parcel: 5513-027-018
  • Lot: 615
  • Municipality: WEST /HANCOCK PARK
  • Latitude: 34.0696
  • Longitude: -118.339

    Address

  • Full Address: 249 S Highland Ave
  • Address - House Number: 249
  • Street Direction: S
  • Address - Street Name: Highland
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C070
  • 4-Digit Zip Code: 3026
  • Zip Code: 90036

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $24,181
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2248
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 2,519,169
  • High Value: 3,085,600
  • Low Value: 1,952,738

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,400,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Apr 28, 2021
  • First Open Lien Mortgage Loan Amount: $1,400,000
  • 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: May 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,080,800
  • Assessed Land Value: $1,664,640
  • Assessed Improvements Value: $416,160

    Sales

  • Current Sale Contract Date: Apr 12, 2021
  • Current Sale Recording Date: Apr 28, 2021
  • Current Sale Transaction ID: 11832583670
  • Current Sale Price: $2,000,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0675537
  • Previous Sale Recording Date: Sep 26, 2011
  • Previous Sale Contract Date: Sep 22, 2011
  • Previous Sale Amount: $900,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Apr 28, 2021
  • First Mortgage Loan Amount: $1,400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

About Central LA



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Frequently Asked Questions

What neighborhood is 249 South Highland Avenue located in?
The 249 South Highland Avenue is a located in the neighborhood of Greater Wilshire in Central LA, Los Angeles.
What is the average sales price for listings in 249 South Highland Avenue?
The average sales price for units in 249 South Highland Avenue is $0 currently.

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