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3551 Chesapeake Avenue

3551 Chesapeake Avenue, Los Angeles, CA 90016
Property in West Adams
Sold Sep 01, 2017
$885,000
$656,350 by Arcstone Financial Inc
Mortgage Due Sep 01, 2047
Sold Mar 31, 2016
$470,000
$444,425 by Keswick Financial Group Inc
Mortgage
3551 Chesapeake Avenue in Los Angeles, CA was first built in 1944 and is 80 years old. Although, the building on the property was most recently renovated and altered in 1954. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a triplex style. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 3551 Chesapeake Avenue has 2,212 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 6,259 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. 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, 3551 Chesapeake Avenue was last sold in Jun 27, 2017 for $885,000. According to our calculations, that's $400.09 per sqft. Prior to that sales transaction, the property was sold for $470,000 in Feb 25, 2016. Current property owners are expected to pay $11,510 in taxes per year. The property on 3551 Chesapeake Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $967,872. To break that down further, the land itself was valued at $694,463. While improvements to the property were assessed at a total of $273,409. 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: 1944
  • Effective Year Built: 1954
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Triplex
  • Living Units: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,259
  • Total Building Area: 2,212
  • Gross Building Area: 2,212
  • Building Area: 2,212
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 2,212
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 11298
  • Land Acres: 0.144
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: TRACT NO 11298 LOT/SEC 9

Ownership

  • Current Owner : REYES GERARDO
  • Previous Owner : JM ENTERPRISES INC
  • Owner Before Previous Owner: REDONDO MARIA LUISA

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 219500

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 43-B6
  • Subdivision Tract Number: 11298
  • Parcel: 5046-014-008
  • Lot: 9
  • Municipality: WEST /CRENSHAW CNTRL
  • Latitude: 34.0222
  • Longitude: -118.345

    Address

  • Full Address: 3551 Chesapeake Ave
  • Address - House Number: 3551
  • Address - Street Name: Chesapeake
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C022
  • 4-Digit Zip Code: 5735
  • Zip Code: 90016

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,510
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2332
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 67
  • Final Value: 1,314,889
  • High Value: 1,621,587
  • Low Value: 1,008,191

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $896,350
  • First Open Lien Mortgage Lender: ARCSTONE FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Sep 01, 2017
  • First Open Lien Mortgage Loan Amount: $656,350
  • 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: Sep 01, 2047
  • Second Open Lien Mortgage Lender: CINDYE FRIEDMAN
  • Second Open Lien Mortgage Recording Date: Apr 09, 2018
  • Second Open Lien Mortgage Loan Amount: $40,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • Second Open Lien Mortgage Private Lender: T
  • Third Open Lien Mortgage Lender: CLAUDIA POCOROBA
  • Third Open Lien Mortgage Recording Date: Aug 24, 2020
  • Third Open Lien Mortgage Loan Amount: $200,000
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • Third Open Lien Mortgage Private Lender: T

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $967,872
  • Assessed Land Value: $694,463
  • Assessed Improvements Value: $273,409

    Sales

  • Current Sale Contract Date: Jun 27, 2017
  • Current Sale Recording Date: Sep 01, 2017
  • Current Sale Transaction ID: 1732926949
  • Current Sale Price: $885,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17-0997326
  • Previous Sale Recording Date: Mar 31, 2016
  • Previous Sale Contract Date: Feb 25, 2016
  • Previous Sale Amount: $470,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: ARCSTONE FINANCIAL INC
  • First Mortgage Transaction Date: Sep 01, 2017
  • First Mortgage Loan Amount: $656,350
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: KESWICK FINANCIAL GROUP INC
  • Previous Mortgage Transaction Date: Mar 31, 2016
  • Previous Mortgage Loan Amount: $444,425
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 3551 Chesapeake Avenue located in?
The 3551 Chesapeake Avenue is a located in the neighborhood of West Adams in South LA, Los Angeles.
What is the average sales price for listings in 3551 Chesapeake Avenue?
The average sales price for units in 3551 Chesapeake Avenue is $0 currently.

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