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3116 East 2nd Street

3116 East 2nd Street, Los Angeles, CA 90063
Property in Boyle Heights
Sold Jan 31, 2007
$355,000
$284,000 by The Mortgage Store Financial I
Mortgage Due Feb 01, 2037
Sold Feb 03, 1994
$114,000
$114,000 by Occidental Mortgage
Mortgage Due Feb 01, 2024
Local assessors in Los Angeles, CA have categorized 3116 East 2nd Street as a residential type of property. The home was built in 1908 and is 116 years old. It was most recently renovated and altered in 1919. The property's lot size has been calculated to be 4,989 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 400 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 2 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 is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3116 East 2nd Street has a total of 910 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. The home sources its water from a municipal system. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. The building has a gable style roof that was made of composition shingle. The home's floor/wall 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, 3116 East 2nd Street sold most recently in Jan 11, 2007 for a total of $355,000. If you work out the math, that's approximately a cost of $390.11 per sqft. Before that, the property was also sold for $114,000 in Nov 18, 1993. 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 $2,340 in taxes each year. 3116 East 2nd Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $186,209. If we break it down further, the land itself was valued at $148,979. Improvements to the property, however, were assessed at a total of $37,230. 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: 1908
  • Effective Year Built: 1919
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,989
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 400
  • Total Building Area: 910
  • Building Area: 910
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 910
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: W H LEE TRACT
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: OGILVIES GRAND VIEW HEIGHTS TRACT LOT/SEC 64

Ownership

  • Current Owner : GALLARDO CARLOS
  • Previous Owner : HINOJOSA JOSE
  • Owner Before Previous Owner: LONG BEACH BANK FSB
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 204110

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 45-B4
  • Parcel: 5179-005-044
  • Lot: 64
  • Municipality: EAST /EAST L.A. NO.
  • Latitude: 34.0376
  • Longitude: -118.201

    Address

  • Full Address: 3116 E 2nd St
  • Address - House Number: 3116
  • Street Direction: E
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C031
  • 4-Digit Zip Code: 3008
  • Zip Code: 90063

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,340
  • Tax Rate Code Area: 00-004

    Appraisal Valuation

  • Standard Deviation: 0.2368
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 66
  • Final Value: 628,580
  • High Value: 777,464
  • Low Value: 479,696

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $399,187
  • First Open Lien Mortgage Lender: THE MORTGAGE STORE FINANCIAL I
  • First Open Lien Mortgage Recording Date: Jan 31, 2007
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $284,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2037
  • Second Open Lien Mortgage Lender: BANK OF AMERICA NA
  • Second Open Lien Mortgage Recording Date: Oct 06, 2009
  • Second Open Lien Mortgage Loan Amount: $115,187
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2039

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $186,209
  • Assessed Land Value: $148,979
  • Assessed Improvements Value: $37,230

    Sales

  • Current Sale Contract Date: Jan 11, 2007
  • Current Sale Recording Date: Jan 31, 2007
  • Current Sale Transaction ID: 1027084818
  • Current Sale Price: $355,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 07-0204524
  • Previous Sale Recording Date: Feb 03, 1994
  • Previous Sale Contract Date: Nov 18, 1993
  • Previous Sale Amount: $114,000
  • Previous Sale Document Type: Corporation Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE MORTGAGE STORE FINANCIAL I
  • First Mortgage Transaction Date: Jan 31, 2007
  • First Mortgage Loan Amount: $284,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Feb 01, 2037

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: OCCIDENTAL MORTGAGE
  • Previous Mortgage Transaction Date: Feb 03, 1994
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $114,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Feb 01, 2024

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Frequently Asked Questions

What neighborhood is 3116 East 2nd Street located in?
The 3116 East 2nd Street is a located in the neighborhood of Boyle Heights in East LA, Los Angeles.
What is the average sales price for listings in 3116 East 2nd Street?
The average sales price for units in 3116 East 2nd Street is $0 currently.

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