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3039 8th Avenue

3039 8th Avenue, Los Angeles, CA 90018
Property in Jefferson Park
Sold Sep 24, 2014
$449,000
Buyer
Seller
$564,000 by New Wave Lending Group Inc
Mortgage Due Sep 01, 2052
Sold Mar 20, 2012
$310,000
$302,141 by Guaranteed Rate Inc
Mortgage Due Apr 01, 2042
3039 8th Avenue has been categorized by the local assessors in Los Angeles, CA as a residential type of property. The building on the property was first built in 1911 and is 113 years old. However, we must point out that the home was most recently renovated and altered in 1919. The home has a total of 4 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. In addition, 3039 8th Avenue has 1,845 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,603 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The inside of the home is being cooled with air conditioning at the moment. 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, 3039 8th Avenue sold most recently in Sep 16, 2014 for a total of $449,000. If you work out the math, that's approximately a cost of $243.36 per sqft. Before that, the property was also sold for $310,000 in Feb 22, 2012. 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 $6,264 in taxes each year. 3039 8th Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $518,667. If we break it down further, the land itself was valued at $363,877. Improvements to the property, however, were assessed at a total of $154,790. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1911
  • Effective Year Built: 1919
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,603
  • Total Building Area: 1,845
  • Gross Building Area: 1,845
  • Building Area: 1,845
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,845
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WEST JEFFERSON & SEVENTH AVENUE TRACT
  • Land Acres: 0.129
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: WEST JEFFERSON AND SEVENTH AVENUE TRACT LOT/SEC 10 BLK/DIV/TWN B

Ownership

  • Current Owner : LI HONG HE
  • Previous Owner : KIM CAROL
  • Owner Before Previous Owner: ELRE HOLDINGS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 219010

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 43-C5
  • Parcel: 5051-036-017
  • Block: B
  • Lot: 10
  • Municipality: WEST /ADAMS/JEFF PARK
  • Latitude: 34.0265
  • Longitude: -118.326

    Address

  • Full Address: 3039 8th Ave
  • Address - House Number: 3039
  • Address - Street Name: 8th
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C064
  • 4-Digit Zip Code: 3304
  • Zip Code: 90018

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,264
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2243
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 975,502
  • High Value: 1,194,388
  • Low Value: 756,616

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $564,000
  • First Open Lien Mortgage Lender: NEW WAVE LENDING GROUP INC
  • First Open Lien Mortgage Recording Date: Aug 31, 2022
  • First Open Lien Mortgage Loan Amount: $564,000
  • 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: Sep 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $518,667
  • Assessed Land Value: $363,877
  • Assessed Improvements Value: $154,790

    Sales

  • Current Sale Contract Date: Sep 16, 2014
  • Current Sale Recording Date: Sep 24, 2014
  • Current Sale Transaction ID: 1026886476
  • Current Sale Price: $449,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 14-1008251
  • Previous Sale Recording Date: Mar 20, 2012
  • Previous Sale Contract Date: Feb 22, 2012
  • Previous Sale Amount: $310,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MEGA CAPITAL FUNDING INC
  • First Mortgage Transaction Date: Sep 24, 2014
  • First Mortgage Loan Amount: $248,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Oct 01, 2044

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTEED RATE INC
  • Previous Mortgage Transaction Date: Mar 20, 2012
  • Previous Mortgage Loan Amount: $302,141
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Apr 01, 2042

About South LA



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Frequently Asked Questions

What neighborhood is 3039 8th Avenue located in?
The 3039 8th Avenue is a located in the neighborhood of Jefferson Park in South LA, Los Angeles.
What is the average sales price for listings in 3039 8th Avenue?
The average sales price for units in 3039 8th Avenue is $0 currently.

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