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363 South McCadden Place

363 South McCadden Place, Los Angeles, CA 90020
Property in Hancock Park
Sold Mar 29, 2001
$1,725,000
$250,000 by Bank Of America Na
Mortgage Due Jun 28, 2036
Local assessors in Los Angeles, CA have categorized 363 South McCadden Place as a residential type of property. The home was built in 1926 and is 98 years old. It was most recently renovated and altered in 1930. The property's lot size has been calculated to be 14,734 square feet. The linear feet between the front and back of the lot was measured at 1,750 ft and the front of the lot was measured at 850 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Tudor style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 7 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 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 363 South McCadden Place has a total of 4,352 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. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 - A. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 363 South McCadden Place sold most recently in Feb 16, 2001 for a total of $1,725,000. If you work out the math, that's approximately a cost of $396.37 per sqft. 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 $29,495 in taxes each year. 363 South McCadden Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,498,373. If we break it down further, the land itself was valued at $1,361,433. Improvements to the property, however, were assessed at a total of $1,136,940. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1926
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 7
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Tudor
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 14,734
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 850
  • Total Building Area: 4,352
  • Building Area: 4,352
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 4,352
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 6388
  • Land Acres: 0.338
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 6388 LOT/SEC 64

Ownership

  • Current Owner : LARRY SHELDON
  • Previous Owner : RUTTEN TIMOTHY
  • Previous Owner 2: RUTTEN LESLIE ABRAMSON
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 43-B1
  • Subdivision Tract Number: 6388
  • Parcel: 5507-003-012
  • Lot: 64
  • Municipality: WEST /HANCOCK PARK
  • Latitude: 34.0671
  • Longitude: -118.338

    Address

  • Full Address: 363 S Mccadden Pl
  • Address - House Number: 363
  • Street Direction: S
  • Address - Street Name: Mccadden
  • Address - Suffix Type: Pl
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C023
  • 4-Digit Zip Code: 4817
  • Zip Code: 90020

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $29,495
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.233
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 5,451,953
  • High Value: 6,722,647
  • Low Value: 4,181,259

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $432,900
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Jun 28, 2006
  • First Open Lien Mortgage Financing Type: Variable
  • 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: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Jun 28, 2036
  • Second Open Lien Mortgage Lender: BANK OF AMERICA NA
  • Second Open Lien Mortgage Recording Date: Dec 18, 2018
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $182,900
  • 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: Dec 18, 2048

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,498,373
  • Assessed Land Value: $1,361,433
  • Assessed Improvements Value: $1,136,940

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 16, 2001
  • Current Sale Recording Date: Mar 29, 2001
  • Current Sale Transaction ID: 1031306830
  • Current Sale Price: $1,725,000
  • Current Sale Document Type: Individual Deed
  • Current Sale Input Document Number: 01-0522775

    Last Sale Mortgage

  • First Mortgage Lender: UNION BANK
  • First Mortgage Transaction Date: Mar 29, 2001
  • First Mortgage Loan Amount: $1,100,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Apr 01, 2031

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 363 South McCadden Place located in?
The 363 South McCadden Place is a located in the neighborhood of Hancock Park in Central LA, Los Angeles.
What is the average sales price for listings in 363 South McCadden Place?
The average sales price for units in 363 South McCadden Place is $0 currently.

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