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2561 Olive Street

2561 Olive Street, Huntington Park, CA 90255
Property in Walnut Park
Sold Apr 11, 2005
$560,000
$448,000 by Washington Mutual Bank Fa
Mortgage Due Apr 01, 2035
Sold Aug 04, 2004
$275,000
$301,000 by Vanguard Funding Corp
Mortgage
Local assessors in Huntington Park, CA have categorized 2561 Olive Street as a residential type of property. The home was built in 1921 and is 103 years old. The property's lot size has been calculated to be 5,989 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a triplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 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 3 full bathrooms. There are also 3 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 2561 Olive Street has a total of 2,603 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. 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 - B. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Mar 24, 2005 for $560,000. That's $215.14 per sqft. Prior to that sales transaction, the property was also sold in Jun 29, 2004 for $275,000. 2561 Olive Street was last assessed in 2023. The total value of the property was assessed at $750,268. Specifically, the land the property is located on was valued at $401,929. While improvements on the property were assessed at a total of $348,339. 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 $10,309. 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! 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.

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Triplex
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,989
  • Total Building Area: 2,603
  • Building Area: 2,603
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,603
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 2080
  • Land Acres: 0.138
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: TRACT # 2080 LOT/SEC 725

Ownership

  • Current Owner : TORRES ANTONIO
  • Current Owner 2: TORRES AVELINA
  • Previous Owner : ERIEL INVESTMENTS LLC
  • Owner Before Previous Owner: MCCONE KENNETH
  • Owner Before Previous Owner 2: A V G LIVING TRUST
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 534803

Zoning

  • Zoning: LCR305

Geography

  • Assessors Map Reference: 52-F6
  • Subdivision Tract Number: 2080
  • Parcel: 6201-034-021
  • Lot: 725
  • Municipality: SOUTH /HUNTINGTON PK.
  • Latitude: 33.9687
  • Longitude: -118.226

    Address

  • Full Address: 2561 Olive St
  • Address - House Number: 2561
  • Address - Street Name: Olive
  • Address - Suffix Type: St
  • State: CA
  • City Name: Huntington Park
  • Carrier Code: C039
  • 4-Digit Zip Code: 6360
  • Zip Code: 90255

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,309
  • Tax Rate Code Area: 01-064

    Appraisal Valuation

  • Standard Deviation: 0.2304
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 923,416
  • High Value: 1,136,238
  • Low Value: 710,594

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $448,000
  • First Open Lien Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • First Open Lien Mortgage Recording Date: Apr 11, 2005
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $448,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Negative Amortization
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2035

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $750,268
  • Assessed Land Value: $401,929
  • Assessed Improvements Value: $348,339

    Sales

  • Current Sale Contract Date: Mar 24, 2005
  • Current Sale Recording Date: Apr 11, 2005
  • Current Sale Transaction ID: 1037727032
  • Current Sale Price: $560,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 05-0826525
  • Previous Sale Recording Date: Aug 04, 2004
  • Previous Sale Contract Date: Jun 29, 2004
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • First Mortgage Transaction Date: Apr 11, 2005
  • First Mortgage Loan Amount: $448,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Negative Amortization
  • First Mortgage Loan Due Date: Apr 01, 2035

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: VANGUARD FUNDING CORP
  • Previous Mortgage Transaction Date: Aug 04, 2004
  • Previous Mortgage Loan Amount: $301,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 2561 Olive Street located in?
The 2561 Olive Street is a located in the neighborhood of Walnut Park in Walnut Park, Huntington Park.
What is the average sales price for listings in 2561 Olive Street?
The average sales price for units in 2561 Olive Street is $0 currently.

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