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324 South Alvarado Street

324 South Alvarado Street, Los Angeles, CA 90057
Property in Westlake North
324 South Alvarado Street in Los Angeles, CA was first built in 1948 and is 76 years old. This has been categorized as a commercial property type. It is a single story home. 324 South Alvarado Street has 2,950 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. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,550. In total, the area measurement of the land is 7,725 square feet.

Learn more about the property and building on this page. The building type has been coded as 3. The code stands for buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame. The home has a flat style roof made of roll composition. 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 masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a forced air unit. The property was last sold in Jul 21, 2022 for $2,100,000. That's $711.86 per sqft. Prior to that sales transaction, the property was also sold in Feb 3, 2011 for $799,007. 324 South Alvarado Street was last assessed in 2023. The total value of the property was assessed at $2,100,000. Specifically, the land the property is located on was valued at $1,800,000. While improvements on the property were assessed at a total of $300,000. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $12,305. The initial tax year of delinquency was in 2017. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220414
04/14/2022
Loft
-
-
$2,000,000
bedrooms
Loft
bathrooms
-
$2,100,000 +5.00%
07/28/2022
-
Jacob Kesherim
Keller Williams Beverly Hills

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Roof Shape Type: Flat
  • Roof Cover Type: Roll composition
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,725
  • Lot Size Depth Feet: 1,550
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,950
  • Gross Building Area: 2,950
  • Building Area: 2,950
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,950
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Subdivision: THE EXTENSION OF NOB HILL TRACT
  • Land Acres: 0.177
  • Standard Land Use Code: Store (multi-story)
  • County Land Use Code: Residential income (general) (multi-family)
  • Legal Description 1: EXTENSION OF THE NOB HILL TRACT LOT/SEC 17

Ownership

  • Current Owner : ERETZ ALVARADO PROPERTIES LLC
  • Previous Owner : JOARDER INVESTMENTS LLC
  • Owner Before Previous Owner: GUERRERO EDILBERTO
  • Owner Before Previous Owner 2: GUERRERO SALVIE
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 208903

Zoning

  • Zoning: LAC2

Geography

  • Assessors Map Reference: 44-B2
  • Parcel: 5154-028-005
  • Lot: 17
  • Municipality: WEST /WESTLAKE PARK
  • Latitude: 34.0621
  • Longitude: -118.273

    Address

  • Full Address: 324 S Alvarado St
  • Address - House Number: 324
  • Street Direction: S
  • Address - Street Name: Alvarado
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C015
  • 4-Digit Zip Code: 2915
  • Zip Code: 90057

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,305
  • Intital Tax Deliquent Year: 2017
  • Tax Rate Code Area: 12-706

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,100,000
  • Assessed Land Value: $1,800,000
  • Assessed Improvements Value: $300,000

    Sales

  • Current Sale Contract Date: Jul 21, 2022
  • Current Sale Recording Date: Jul 28, 2022
  • Current Sale Transaction ID: 11892822270
  • Current Sale Price: $2,100,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 766023
  • Previous Sale Recording Date: Feb 28, 2011
  • Previous Sale Contract Date: Feb 03, 2011
  • Previous Sale Amount: $799,007
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Feb 28, 2011
  • Previous Mortgage Loan Amount: $599,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Central LA



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Frequently Asked Questions

What neighborhood is 324 South Alvarado Street located in?
The 324 South Alvarado Street is a located in the neighborhood of Westlake North in Central LA, Los Angeles.
What is the average sales price for listings in 324 South Alvarado Street?
The average sales price for units in 324 South Alvarado Street is $2,000,000 currently.

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