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2502 Vineyard Avenue

2502 Vineyard Avenue, Los Angeles, CA 90016
Multifamily in West Adams
Sold Jan 21, 2020
$713,000
Buyer
$570,400 by First Republic Bank
Mortgage Due Feb 01, 2050
Sold Sep 01, 2015
$471,000
Seller
$462,469 by Pinnacle Capital Mortgage Corp
Mortgage Due Sep 01, 2045
2502 Vineyard Avenue in Los Angeles, CA was first built in 1922 and is 102 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, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 2502 Vineyard Avenue has 1,216 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 3,229 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 B. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. The property was last sold in Nov 17, 2019 for $713,000. That's $586.35 per sqft. Prior to that sales transaction, the property was also sold in Aug 25, 2015 for $471,000. 2502 Vineyard Avenue was last assessed in 2023. The total value of the property was assessed at $749,488. Specifically, the land the property is located on was valued at $302,738. While improvements on the property were assessed at a total of $446,750. 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 $8,735. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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.

Building Features

Exterior

Stucco Exterior

Parking

Carport

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,229
  • Total Building Area: 1,216
  • Gross Building Area: 1,216
  • Building Area: 1,216
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,216
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 4660
  • Land Acres: 0.074
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: TRACT NO 4660 SW 44 FT OF LOT/SEC 25

Ownership

  • Current Owner : LE TUAN
  • Previous Owner : CROSS JUSTIN R
  • Owner Before Previous Owner: BEZBER LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 219700

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 43-B5
  • Subdivision Tract Number: 4660
  • Parcel: 5057-005-011
  • Lot: 25
  • Municipality: WEST /MID CTY/PICO UN
  • Latitude: 34.0339
  • Longitude: -118.342

    Address

  • Full Address: 2502 Vineyard Ave
  • Address - House Number: 2502
  • Address - Street Name: Vineyard
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C001
  • 4-Digit Zip Code: 2906
  • Zip Code: 90016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,735
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2318
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 67
  • Final Value: 866,466
  • High Value: 1,067,389
  • Low Value: 665,543

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $570,400
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Jan 21, 2020
  • First Open Lien Mortgage Loan Amount: $570,400
  • 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: Feb 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $749,488
  • Assessed Land Value: $302,738
  • Assessed Improvements Value: $446,750

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 17, 2019
  • Current Sale Recording Date: Jan 21, 2020
  • Current Sale Transaction ID: 11719305290
  • Current Sale Price: $713,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 20-0071173
  • Previous Sale Recording Date: Sep 01, 2015
  • Previous Sale Contract Date: Aug 25, 2015
  • Previous Sale Amount: $471,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Jan 21, 2020
  • First Mortgage Loan Amount: $570,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: PINNACLE CAPITAL MORTGAGE CORP
  • Previous Mortgage Transaction Date: Sep 01, 2015
  • Previous Mortgage Loan Amount: $462,469
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Sep 01, 2045

About South LA



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Nearby Rentals

Unit for rent at

$1,395 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
Listing by Manager
Unit for rent at

$1,510 /mo

  • 1 Bed
  • 1 Bath
  • 490 ft²
Listing by St. Andrews Manor
Unit for rent at

$1,450 /mo

  • 1 Bed
  • 1 Bath
Listing by Manager
Unit for rent at

$1,525 /mo

  • 1 Bed
  • 1 Bath
Listing by Manager

Frequently Asked Questions

What neighborhood is 2502 Vineyard Avenue located in?
The 2502 Vineyard Avenue is a multifamily located in the neighborhood of West Adams in South LA, Los Angeles.
What is the average sales price for listings in 2502 Vineyard Avenue?
The average sales price for units in 2502 Vineyard Avenue is $739,000 currently.

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