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2823 West 8th Street

2823 West 8th Street, Los Angeles, CA 90005
Property in MacArthur Park
Sold Feb 16, 2024
$1,237,121
Sold Oct 26, 2021
$1,420,000
$1,140,000 by Open Bank
Mortgage
2823 West 8th Street in Los Angeles, CA was first built in 1908 and is 116 years old. Although, the building on the property was most recently renovated and altered in 1924. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 2823 West 8th Street has 3,480 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 6,250 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. As for heating, the home is utilizing floor/wall heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2823 West 8th Street was last sold in Jan 30, 2024 for $1,237,121. According to our calculations, that's $355.49 per sqft. Prior to that sales transaction, the property was sold for $1,420,000 in Aug 20, 2021. Current property owners are expected to pay $17,116 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 2823 West 8th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,448,400. To break that down further, the land itself was valued at $1,115,574. While improvements to the property were assessed at a total of $332,826. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1908
  • Effective Year Built: 1924
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Total Building Area: 3,480
  • Building Area: 3,480
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 3,480
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WESTMONT
  • Land Acres: 0.144
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WESTMONT EX OF ST LOT/SEC 52

Ownership

  • Current Owner : OPEN BANK
  • Previous Owner : AMERICAN DEFAULT MANAGEMENT
  • Owner Before Previous Owner: LEE PIL HAK
  • Owner Before Previous Owner 2: LEE EUN HEE
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Bank Owned
  • Vacant Flag Date: Feb 20, 2024

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 212204

Zoning

  • Zoning: LAR4

Geography

  • Assessors Map Reference: 44-A2
  • Parcel: 5077-019-008
  • Lot: 52
  • Municipality: WEST /WESTLAKE
  • Latitude: 34.0579
  • Longitude: -118.287

    Address

  • Full Address: 2823 W 8th St
  • Address - House Number: 2823
  • Street Direction: W
  • Address - Street Name: 8th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C065
  • 4-Digit Zip Code: 1236
  • Zip Code: 90005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $17,116
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 06-657

    Appraisal Valuation

  • Standard Deviation: 0.2241
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 69
  • Final Value: 1,624,182
  • High Value: 1,988,280
  • Low Value: 1,260,084

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,448,400
  • Assessed Land Value: $1,115,574
  • Assessed Improvements Value: $332,826

    Sales

  • Current Sale Contract Date: Jan 30, 2024
  • Current Sale Recording Date: Feb 16, 2024
  • Current Sale Transaction ID: 11920864454
  • Current Sale Price: $1,237,121
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 104779
  • Previous Sale Recording Date: Oct 26, 2021
  • Previous Sale Contract Date: Aug 20, 2021
  • Previous Sale Amount: $1,420,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: OPEN BANK
  • Previous Mortgage Transaction Date: Oct 26, 2021
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $1,140,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 2823 West 8th Street located in?
The 2823 West 8th Street is a located in the neighborhood of MacArthur Park in Central LA, Los Angeles.
What is the average sales price for listings in 2823 West 8th Street?
The average sales price for units in 2823 West 8th Street is $0 currently.

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