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5040 Onteora Way

5040 Onteora Way, Los Angeles, CA 90041
Property in Eagle Rock
Sold Sep 09, 2021
$1,562,000
$675,000 by Citibank Na
Mortgage Due Oct 01, 2051
Sold Sep 02, 2016
$832,500
5040 Onteora Way in Los Angeles, CA was first built in 1928 and is 96 years old. Although, the building on the property was most recently renovated and altered in 1929. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a Tudor style. It is a single story home. There are a total of 10 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5040 Onteora Way has 2,408 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. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,130. In total, the area measurement of the land is 5,656 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. There is one available parking space. 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. The exterior walls of the home are made of stucco. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Jul 14, 2021 for $1,562,000. That's $648.67 per sqft. Prior to that sales transaction, the property was also sold in Jul 25, 2016 for $832,500. 5040 Onteora Way was last assessed in 2023. The total value of the property was assessed at $1,593,240. Specifically, the land the property is located on was valued at $1,122,000. While improvements on the property were assessed at a total of $471,240. 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 $18,487. 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! 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: 1928
  • Effective Year Built: 1929
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Tudor
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,656
  • Lot Size Depth Feet: 1,130
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,408
  • Building Area: 2,408
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,408
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5488
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 5488 LOT/SEC 10

Ownership

  • Current Owner : FRIEDMAN JEREMIAH
  • Current Owner 2: LOCKEN REBECCA
  • Previous Owner : SHAW KELSEY NAMARA READING
  • Owner Before Previous Owner: SWEENEY RYAN PATRICK
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Living Trust

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 181300

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 25-F5
  • Subdivision Tract Number: 5488
  • Parcel: 5683-025-002
  • Lot: 10
  • Municipality: EAST /ATWATR EAGLE RK
  • Latitude: 34.1403
  • Longitude: -118.222

    Address

  • Full Address: 5040 Onteora Way
  • Address - House Number: 5040
  • Address - Street Name: Onteora
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C021
  • 4-Digit Zip Code: 1826
  • Zip Code: 90041

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,487
  • Tax Rate Code Area: 00-004

    Appraisal Valuation

  • Standard Deviation: 0.2238
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 1,719,440
  • High Value: 2,104,279
  • Low Value: 1,334,601

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $675,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Sep 09, 2021
  • First Open Lien Mortgage Loan Amount: $675,000
  • 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: Oct 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,593,240
  • Assessed Land Value: $1,122,000
  • Assessed Improvements Value: $471,240

    Sales

  • Current Sale Contract Date: Jul 14, 2021
  • Current Sale Recording Date: Sep 09, 2021
  • Current Sale Transaction ID: 11854728230
  • Current Sale Price: $1,562,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1380589
  • Previous Sale Recording Date: Sep 02, 2016
  • Previous Sale Contract Date: Jul 25, 2016
  • Previous Sale Amount: $832,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Sep 09, 2021
  • First Mortgage Loan Amount: $675,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

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Frequently Asked Questions

What neighborhood is 5040 Onteora Way located in?
The 5040 Onteora Way is a located in the neighborhood of Eagle Rock in East LA, Los Angeles.
What is the average sales price for listings in 5040 Onteora Way?
The average sales price for units in 5040 Onteora Way is $0 currently.

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