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2515 7th Avenue

2515 7th Avenue, Los Angeles, CA 90018
Sold May 27, 2005
$780,000
$608,159 by Rocket Mortgage Llc
Mortgage Due Aug 01, 2053
Sold Jun 10, 2004
$559,000
$447,200 by Greenpoint Mortgage Funding In
Mortgage Due Jul 01, 2034
Local assessors in Los Angeles, CA have categorized 2515 7th Avenue as a residential type of property. The home was built in 1910 and is 114 years old. The property's lot size has been calculated to be 7,505 square feet. The linear feet between the front and back of the lot was measured at 1,450 ft and the front of the lot was measured at 500 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 12 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2515 7th Avenue has a total of 2,760 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. There is only one available parking space, so if you need more, you may need to find some alternatives. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of roll composition. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 2515 7th Avenue sold most recently in Apr 20, 2005 for a total of $780,000. If you work out the math, that's approximately a cost of $282.61 per sqft. Before that, the property was also sold for $559,000 in May 17, 2004. 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 $12,259 in taxes each year. 2515 7th Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,045,018. If we break it down further, the land itself was valued at $745,718. Improvements to the property, however, were assessed at a total of $299,300. The property's total assessed value has been marked as more than the total market value 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!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: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Roll composition
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 7,505
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,760
  • Building Area: 2,760
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,760
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ADAMS STREET ARLINGTON HEIGHTS TRACT
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: *TR=ADAMS ST ARLINGTON HEIGHTS TR*1/2 VAC ALLEY ADJ ON W AND LOT/SEC 3 BLK/DIV/TWN 1

Ownership

  • Current Owner : ANDERSON ROSLYNN
  • Previous Owner : WOLFSON TINA
  • Owner Before Previous Owner: BAILEY JEFFREY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 218900

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 43-C5
  • Subdivision Tract Number: 1/2
  • Parcel: 5059-016-019
  • Block: 1
  • Lot: 3
  • Municipality: WEST /MID-CITY
  • Latitude: 34.0339
  • Longitude: -118.325

    Address

  • Full Address: 2515 7th Ave
  • Address - House Number: 2515
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C032
  • 4-Digit Zip Code: 1702
  • Zip Code: 90018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,259
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2293
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 1,447,788
  • High Value: 1,779,905
  • Low Value: 1,115,671

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $608,159
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jul 17, 2023
  • First Open Lien Mortgage Loan Amount: $608,159
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,045,018
  • Assessed Land Value: $745,718
  • Assessed Improvements Value: $299,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 20, 2005
  • Current Sale Recording Date: May 27, 2005
  • Current Sale Transaction ID: 1030635700
  • Current Sale Price: $780,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 05-1245672
  • Previous Sale Recording Date: Jun 10, 2004
  • Previous Sale Contract Date: May 17, 2004
  • Previous Sale Amount: $559,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROVIDENT SAVINGS BANK FSB
  • First Mortgage Transaction Date: May 27, 2005
  • First Mortgage Loan Amount: $624,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jun 01, 2035
  • Second Mortgage Loan Amount: $156,000

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: GREENPOINT MORTGAGE FUNDING IN
  • Previous Mortgage Transaction Date: Jun 10, 2004
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $447,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2034

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Frequently Asked Questions

What neighborhood is 2515 7th Avenue located in?
The 2515 7th Avenue is a located in the neighborhood of West Adams Terrace in South LA, Los Angeles.
What is the average sales price for listings in 2515 7th Avenue?
The average sales price for units in 2515 7th Avenue is $0 currently.

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