See Home Value
$698,000 - $852,000
House - Off Market

3031 S Victoria Ave

Los Angeles, CA 90016
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1259 Sqft
Refi Apr 21, 2006
Transfer
$544,185 by Wells Fargo Bank Na
Mortgage Due Apr 21, 2036

About This Property

Nestled in the sought-after West Adams neighborhood, this 3-bedroom, 1-bathroom home sits on a LARD2 lot, presenting endless possibilities. Whether you're a first-time buyer with a vision for personalizing your space or an investor seeking a lucrative development opportunity, this property is brimming with potential. The lot size and zoning allow for future expansion or the addition of an ADU, making it an attractive prospect for growth. The most recent property improvements include a new sewer line in 2013, and a new electric panel in 2022. Positioned amidst the vibrant West Adams restaurant scene, with popular spots like Highly Likely, Alta, Mizlala, Vicky's All Day, Cento Pasta Bar, and Tartine just minutes away, as well as local favorites like The Gathering Spot Social Club, West Adams Pilates, and Hills & Heights Pilates, and convenient access to the EXPO and Crenshaw/LAX lines, this opportunity is not to be missed!

The manager has listed the unit size as 1259 square feet.
Unit Size
1,259Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$616
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1925

Price History

Date / Event Date Event Price
Apr 29, 2024 No longer available -
No longer available
Apr 18, 2024 In contract -
In contract
Mar 26, 2024 Listed $775,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Spanish
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Roll composition
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,032
  • Lot Size Depth Feet: 1,260
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,259
  • Building Area: 1,259
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,259
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5780
  • Land Acres: 0.116
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 5780 N 40 FT OF LOT/SEC 160

Ownership

  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 220000

Zoning

  • Zoning: LARD2

Geography

  • Assessors Map Reference: 43-B5
  • Subdivision Tract Number: 5780
  • Parcel: 5050-030-048
  • Lot: 160
  • Municipality: WEST /ADAMS/CRENSHAW
  • Latitude: 34.0266
  • Longitude: -118.337

    Address

  • Full Address: 3031 S Victoria Ave
  • Address - House Number: 3031
  • Street Direction: S
  • Address - Street Name: Victoria
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C041
  • 4-Digit Zip Code: 4219
  • Zip Code: 90016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $649
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2334
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 67
  • Final Value: 873,078
  • High Value: 1,076,927
  • Low Value: 669,229

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,088,370
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Apr 21, 2006
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $544,185
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Apr 21, 2036
  • Second Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • Second Open Lien Mortgage Recording Date: Apr 21, 2006
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $544,185
  • Second Open Lien Mortgage Term: 999
  • Second Open Lien Mortgage Interest Rate Type: Y
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Reverse Mortgage (Home Equity Conversion Mortgage)
  • Second Open Lien Mortgage Loan Due Date: Apr 21, 2036

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,171
  • Assessed Land Value: $24,943
  • Assessed Improvements Value: $16,228

    Exemptions

  • Homeowner Exemption: Yes



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
3 Beds
3 Baths
1,627 ft²
$522/ft²
$850,000 Jan 1, 2024
-
-
Multifamily
2 Beds
2 Baths
1,656 ft²
$482/ft²
$799,000 Dec 1, 2023
-
-
Other
Loft
-
2,169 ft²
$369/ft²
$799,999 Feb 27, 2024
-
-

About South LA


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Frequently Asked Questions

When was property at 3031 South Victoria Avenue built and last sold?
The property at 3031 South Victoria Avenue was built in 1925 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3031 South Victoria Avenue is $779,372.
What are some comparable homes to 3031 South Victoria Avenue?
Homes that are comparable to 3031 South Victoria Avenue include a multifamily property at 2932 South Victoria Avenue, 2500 Lucerne Avenue, 2813 12th Avenue.

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