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322 East 62nd Street

322 East 62nd Street, Los Angeles, CA 90003
Property in CANNDU
Sold Apr 23, 2010
$195,500
$280,000 by Wintrust Mortgage
Mortgage Due Apr 01, 2044
Sold Jul 18, 2003
Transfer
$266,900 by Rancho Bank
Mortgage
322 East 62nd Street 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 1959 and is 65 years old. The home has a total of 8 bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. In addition, 322 East 62nd Street has 2,585 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 5,401 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a quadplex 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 B by the local assessor. The inside of the home is being cooled with air conditioning at the moment. 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, 322 East 62nd Street was last sold in Apr 19, 2010 for $195,500. According to our calculations, that's $75.63 per sqft. Current property owners are expected to pay $4,946 in taxes per year. The property on 322 East 62nd Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $394,532. To break that down further, the land itself was valued at $202,104. While improvements to the property were assessed at a total of $192,428. 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. 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!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: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Quadplex
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,401
  • Total Building Area: 2,585
  • Gross Building Area: 2,585
  • Building Area: 2,585
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 2,585
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STRONG & DICKSONS ASCOT PARK TRACT
  • Land Acres: 0.124
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: STRONG AND DICKINSONS ASCOT SOUTH PARK TRACT LOT/SEC 33 BLK/DIV/TWN B

Ownership

  • Current Owner : OPENHEIMER MELISSA
  • Previous Owner : SHARMA SANJESH
  • Owner Before Previous Owner: SHARMA INVESTMENTS INC
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 239202

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 52-B4
  • Parcel: 6006-021-011
  • Block: B
  • Lot: 33
  • Municipality: SOUTH /L.A./FLORENCE
  • Latitude: 33.9831
  • Longitude: -118.269

    Address

  • Full Address: 322 E 62nd St
  • Address - House Number: 322
  • Street Direction: E
  • Address - Street Name: 62nd
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C011
  • 4-Digit Zip Code: 1643
  • Zip Code: 90003

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,946
  • Tax Rate Code Area: 00-007

    Appraisal Valuation

  • Standard Deviation: 0.2487
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 64
  • Final Value: 733,318
  • High Value: 915,696
  • Low Value: 550,939

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $280,000
  • First Open Lien Mortgage Lender: WINTRUST MORTGAGE
  • First Open Lien Mortgage Recording Date: Apr 02, 2014
  • First Open Lien Mortgage Loan Amount: $280,000
  • 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: Apr 01, 2044

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $394,532
  • Assessed Land Value: $202,104
  • Assessed Improvements Value: $192,428

    Sales

  • Current Sale Contract Date: Apr 19, 2010
  • Current Sale Recording Date: Apr 23, 2010
  • Current Sale Transaction ID: 1014898438
  • Current Sale Price: $195,500
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 10-0557494
  • Previous Sale Recording Date: Jul 18, 2003
  • Previous Sale Contract Date: Jul 14, 2003
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: RANCHO BANK
  • Previous Mortgage Transaction Date: Jul 18, 2003
  • Previous Mortgage Loan Amount: $266,900
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 322 East 62nd Street located in?
The 322 East 62nd Street is a located in the neighborhood of CANNDU in South LA, Los Angeles.
What is the average sales price for listings in 322 East 62nd Street?
The average sales price for units in 322 East 62nd Street is $0 currently.

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