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3400 Folsom Street

3400 Folsom Street, Los Angeles, CA 90063
Property in East Los Angeles
Sold Sep 02, 2011
$370,000
Seller
$250,000 by Chun S Park
Mortgage
Sold Dec 13, 2010
$258,000
Local assessors in Los Angeles, CA have categorized 3400 Folsom Street as a residential type of property. The home was built in 1938 and is 86 years old. The property's lot size has been calculated to be 6,750 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a quadplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 8 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 are 4 full bathrooms. There are also 4 partial bathrooms. 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 3400 Folsom Street has a total of 2,812 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. 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 - D. The building has a hip style roof that was made of composition shingle. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. 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, 3400 Folsom Street sold most recently in Aug 15, 2011 for a total of $370,000. If you work out the math, that's approximately a cost of $131.58 per sqft. Before that, the property was also sold for $258,000 in Nov 30, 2010. 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 $7,016 in taxes each year. 3400 Folsom Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $446,682. If we break it down further, the land itself was valued at $229,377. Improvements to the property, however, were assessed at a total of $217,305. 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: 1938
  • Effective Year Built: 1938
  • Building Count: 3
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Quadplex
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 4
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,750
  • Total Building Area: 2,812
  • Gross Building Area: 2,812
  • Building Area: 2,812
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,812
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PALMA HEIGHTS
  • Land Acres: 0.155
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: PALMA HEIGHTS LOT/SEC 12 BLK/DIV/TWN G

Ownership

  • Current Owner : CHOI JUNG YEON
  • Previous Owner : JEON DAVID
  • Owner Before Previous Owner: FEDERAL NATIONAL MORTGAGE ASSOCIATION
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 530901

Zoning

  • Zoning: LCR2*

Geography

  • Assessors Map Reference: 45-C4
  • Parcel: 5231-026-012
  • Block: G
  • Lot: 12
  • Municipality: EAST /EAST L.A.
  • Latitude: 34.0432
  • Longitude: -118.191

    Address

  • Full Address: 3400 Folsom St
  • Address - House Number: 3400
  • Address - Street Name: Folsom
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C003
  • 4-Digit Zip Code: 2120
  • Zip Code: 90063

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,016
  • Tax Rate Code Area: 00-932

    Appraisal Valuation

  • Standard Deviation: 0.2351
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 67
  • Final Value: 906,714
  • High Value: 1,119,898
  • Low Value: 693,530

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $250,000
  • First Open Lien Mortgage Lender: CHUN S PARK
  • First Open Lien Mortgage Recording Date: Sep 02, 2011
  • First Open Lien Mortgage Loan Amount: $250,000
  • 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 Private Lender: T

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $446,682
  • Assessed Land Value: $229,377
  • Assessed Improvements Value: $217,305

    Sales

  • Current Sale Contract Date: Aug 15, 2011
  • Current Sale Recording Date: Sep 02, 2011
  • Current Sale Transaction ID: 1010781913
  • Current Sale Price: $370,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 11-1191605
  • Previous Sale Recording Date: Dec 13, 2010
  • Previous Sale Contract Date: Nov 30, 2010
  • Previous Sale Amount: $258,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CHUN S PARK
  • First Mortgage Transaction Date: Sep 02, 2011
  • First Mortgage Loan Amount: $250,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 3400 Folsom Street located in?
The 3400 Folsom Street is a located in the neighborhood of East Los Angeles in East Los Angeles, Los Angeles.
What is the average sales price for listings in 3400 Folsom Street?
The average sales price for units in 3400 Folsom Street is $0 currently.

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