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5151 3rd Avenue

5151 3rd Avenue, Los Angeles, CA 90043
Multifamily in Park Mesa Heights
Nearby Listings
The property has no active listings. Please see other similar options below.
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5151 3rd Avenue 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 triplex style. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 5151 3rd Avenue has 2,398 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 450 ft and the linear feet between the front and back of the lot is 1,350. In total, the area measurement of the land is 6,090 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. As for heating, the home is utilizing a heating system. The property was last sold in Jun 23, 2022 for $959,000. That's $399.92 per sqft. Prior to that sales transaction, the property was also sold in Sep 15, 2016 for $650,000. 5151 3rd Avenue was last assessed in 2023. The total value of the property was assessed at $959,000. Specifically, the land the property is located on was valued at $750,000. While improvements on the property were assessed at a total of $209,000. 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 $8,750. 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.

Building Features

Parking

Covered Parking On-Street Parking

Driveway

Driveway
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220602
06/02/2022
Studio
-
-
$949,000
bedrooms
Studio
bathrooms
-
-
-
-
Tia Hughes
Compass

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 2
  • Bedroom Count: 4
  • 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: 6,090
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 450
  • Total Building Area: 2,398
  • Gross Building Area: 2,398
  • Building Area: 2,398
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 2,398
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 900
  • Land Acres: 0.14
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: TRACT # 900 LOT/SEC 50

Ownership

  • Current Owner : ANDREWS FAMILY TRUST
  • Previous Owner : TAMMY STARNES
  • Owner Before Previous Owner: RYCH REAL ESTATE INVESTMENTS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 234501

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 51-D3
  • Subdivision Tract Number: 900
  • Parcel: 5014-025-002
  • Lot: 50
  • Municipality: WEST /SO. WEST L.A.
  • Latitude: 33.9953
  • Longitude: -118.321

    Address

  • Full Address: 5151 3rd Ave
  • Address - House Number: 5151
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C011
  • 4-Digit Zip Code: 1912
  • Zip Code: 90043

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,750
  • Tax Rate Code Area: 00-212

    Appraisal Valuation

  • Standard Deviation: 0.2253
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 68
  • Final Value: 1,032,526
  • High Value: 1,265,240
  • Low Value: 799,813

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $805,000
  • First Open Lien Mortgage Lender: OCMBC, INC.
  • First Open Lien Mortgage Recording Date: Nov 01, 2023
  • First Open Lien Mortgage Loan Amount: $805,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $959,000
  • Assessed Land Value: $750,000
  • Assessed Improvements Value: $209,000

    Sales

  • Current Sale Contract Date: Jun 23, 2022
  • Current Sale Recording Date: Jul 22, 2022
  • Current Sale Transaction ID: 11892477476
  • Current Sale Price: $959,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 748199
  • Previous Sale Recording Date: Dec 30, 2016
  • Previous Sale Contract Date: Sep 15, 2016
  • Previous Sale Amount: $650,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CIVIC FINANCIAL SERVICES LLC
  • First Mortgage Transaction Date: Jul 22, 2022
  • First Mortgage Loan Amount: $767,200
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Aug 01, 2023

    Previous Mortgages

  • Previous Mortgage Lender: CITIBANK NA
  • Previous Mortgage Transaction Date: Dec 30, 2016
  • Previous Mortgage Loan Amount: $657,981
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2047

About South LA



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Nearby Rentals

Unit for rent at

$1,995 /mo

  • 2 Beds
  • 1.5 Baths
  • 850 ft²
Listing by Manager
Unit for rent at

$1,825 /mo

  • Loft
  • 3.5 Baths
Listing by Manager
Unit for rent at

$1,795 /mo

  • 1 Bed
  • 1 Bath
Listing by Manager
Unit for rent at

$1,895 /mo

  • 1 Bed
  • 1 Bath
  • 681 ft²
Listing by Manager
Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
Listing by Manager
Unit for rent at

$1,750 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
Listing by Manager
Unit for rent at

$1,955 /mo

  • 1 Bed
  • 1 Bath
  • 405 ft²
Listing by eLAvate, Inc.

Frequently Asked Questions

What neighborhood is 5151 3rd Avenue located in?
The 5151 3rd Avenue is a multifamily located in the neighborhood of Park Mesa Heights in South LA, Los Angeles.
What is the average sales price for listings in 5151 3rd Avenue?
The average sales price for units in 5151 3rd Avenue is $0 currently.

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