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345 South Rossmore Avenue

345 South Rossmore Avenue, Los Angeles, CA 90020
Sold Jul 10, 2018
$3,500,000
$2,805,000 by Mufg Union Bank Na
Mortgage Due Apr 01, 2051
Sold Jul 27, 2005
Transfer
345 South Rossmore Avenue 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 1939 and is 85 years old. However, we must point out that the home was most recently renovated and altered in 1987. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 5 full bathrooms. There are 5 partial bathrooms in the home. The building has a total of 2 stories. In addition, 345 South Rossmore Avenue has 5,456 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,900 ft and across the front of the lot is 1,000 ft. The area measurement of the land has been determined as 19,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial 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. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there is one available parking space. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. 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 A by the local assessor. The roof of the building is made of composition shingle. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. 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, 345 South Rossmore Avenue was last sold in Jun 29, 2018 for $3,500,000. According to our calculations, that's $641.50 per sqft. Current property owners are expected to pay $48,937 in taxes per year. The property on 345 South Rossmore Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $4,215,574. To break that down further, the land itself was valued at $3,216,605. While improvements to the property were assessed at a total of $998,969. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1939
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Colonial
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 179
  • Garage Type: Detached
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 19,000
  • Lot Size Depth Feet: 1,900
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 5,456
  • Building Area: 5,456
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 5,456
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 3446
  • Land Acres: 0.436
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 3446 LOT/SEC 38

Ownership

  • Current Owner : CARTER TERENCE
  • Current Owner 2: CARTER LIVING TRUST
  • Previous Owner : BUSSMANN MALKA
  • Owner Before Previous Owner: ALLEN STEPHEN
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 211000

Zoning

  • Zoning: LARE15

Geography

  • Assessors Map Reference: 43-C1
  • Subdivision Tract Number: 3446
  • Parcel: 5505-010-008
  • Lot: 38
  • Municipality: WEST /HANCOCK PARK
  • Latitude: 34.0676
  • Longitude: -118.328

    Address

  • Full Address: 345 S Rossmore Ave
  • Address - House Number: 345
  • Street Direction: S
  • Address - Street Name: Rossmore
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C023
  • 4-Digit Zip Code: 4739
  • Zip Code: 90020

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $48,937
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2289
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 3,855,248
  • High Value: 4,737,763
  • Low Value: 2,972,734

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $3,155,000
  • First Open Lien Mortgage Lender: MUFG UNION BANK NA
  • First Open Lien Mortgage Recording Date: Mar 30, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,805,000
  • 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, 2051
  • Second Open Lien Mortgage Lender: US BANK NA
  • Second Open Lien Mortgage Recording Date: Sep 30, 2019
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $350,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Aug 08, 2049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,215,574
  • Assessed Land Value: $3,216,605
  • Assessed Improvements Value: $998,969

    Sales

  • Current Sale Contract Date: Jun 29, 2018
  • Current Sale Recording Date: Jul 10, 2018
  • Current Sale Transaction ID: 11481797276
  • Current Sale Price: $3,500,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 18-0687915
  • Previous Sale Recording Date: Jul 27, 2005
  • Previous Sale Contract Date: Jul 15, 2005
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MUFG UNION BANK NA
  • First Mortgage Transaction Date: Jul 10, 2018
  • First Mortgage Loan Amount: $2,800,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Aug 01, 2048

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Central LA



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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$1,795 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,849 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 345 South Rossmore Avenue located in?
The 345 South Rossmore Avenue is a house located in the neighborhood of Hancock Park in Central LA, Los Angeles.
What is the average sales price for listings in 345 South Rossmore Avenue?
The average sales price for units in 345 South Rossmore Avenue is $0 currently.

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