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343 South Avenue 18

343 South Avenue 18, Los Angeles, CA 90031
Property in Lincoln Heights
Sold Nov 15, 2017
$790,000
$543,750 by Uni First Investment Inc
Mortgage Due Dec 01, 2047
Sold Feb 23, 2006
$685,000
$513,750 by Just Mortgage Inc
Mortgage Due Mar 01, 2036
343 South Avenue 18 in Los Angeles, CA was first built in 1924 and is 100 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a quadplex style. There are a total of 0 rooms in the home, of which, 6 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 343 South Avenue 18 has 3,251 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. In total, the area measurement of the land is 8,253 square feet.

Learn more about the property and building on this page. 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 wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. The property was last sold in Oct 4, 2017 for $790,000. That's $243.00 per sqft. Prior to that sales transaction, the property was also sold in Feb 2, 2006 for $685,000. 343 South Avenue 18 was last assessed in 2023. The total value of the property was assessed at $863,977. Specifically, the land the property is located on was valued at $546,822. While improvements on the property were assessed at a total of $317,155. 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 $10,511. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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.

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 2
  • Bedroom Count: 6
  • 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: 8,253
  • Total Building Area: 3,251
  • Gross Building Area: 3,251
  • Building Area: 3,251
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 3,251
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHAVEZ TRACT
  • Land Acres: 0.19
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: CHAVEZ TRACT LOT/SEC 17 BLK/DIV/TWN 9

Ownership

  • Current Owner : LAM VINH JUSTIN
  • Current Owner 2: LAM DUC SEAN
  • Previous Owner : FLORES RICARDO ANTONIO
  • Owner Before Previous Owner: PHAM HUNG MANH

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 199700

Zoning

  • Zoning: LARD1.5

Geography

  • Assessors Map Reference: 44-F1
  • Parcel: 5447-029-016
  • Block: 9
  • Lot: 17
  • Municipality: EAST /NO. DOWNTOWN LA
  • Latitude: 34.0685
  • Longitude: -118.221

    Address

  • Full Address: 343 S Avenue 18
  • Address - House Number: 343
  • Street Direction: S
  • Address - Street Name: Avenue 18
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C001
  • 4-Digit Zip Code: 2558
  • Zip Code: 90031

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,511
  • Tax Rate Code Area: 00-004

    Appraisal Valuation

  • Standard Deviation: 0.2306
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 1,023,085
  • High Value: 1,259,098
  • Low Value: 787,072

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $543,750
  • First Open Lien Mortgage Lender: UNI FIRST INVESTMENT INC
  • First Open Lien Mortgage Recording Date: Nov 15, 2017
  • First Open Lien Mortgage Loan Amount: $543,750
  • 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: Dec 01, 2047

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $863,977
  • Assessed Land Value: $546,822
  • Assessed Improvements Value: $317,155

    Sales

  • Current Sale Contract Date: Oct 04, 2017
  • Current Sale Recording Date: Nov 15, 2017
  • Current Sale Transaction ID: 11302541729
  • Current Sale Price: $790,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17-1312717
  • Previous Sale Recording Date: Feb 23, 2006
  • Previous Sale Contract Date: Feb 02, 2006
  • Previous Sale Amount: $685,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNI FIRST INVESTMENT INC
  • First Mortgage Transaction Date: Nov 15, 2017
  • First Mortgage Loan Amount: $543,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: JUST MORTGAGE INC
  • Previous Mortgage Transaction Date: Feb 23, 2006
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $513,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Negative Amortization
  • Previous Mortgage Loan Due Date: Mar 01, 2036

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Frequently Asked Questions

What neighborhood is 343 South Avenue 18 located in?
The 343 South Avenue 18 is a located in the neighborhood of Lincoln Heights in East LA, Los Angeles.
What is the average sales price for listings in 343 South Avenue 18?
The average sales price for units in 343 South Avenue 18 is $0 currently.

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