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524 North Avenue 54

524 North Avenue 54, Los Angeles, CA 90042
Sold Dec 03, 2019
$1,125,000
$1,100,000 by Center Street Lending Mp Iii S
Mortgage
Sold Feb 15, 2018
$1,000,000
Buyer
Seller
$670,000 by Stearns Lending Llc
Mortgage Due Mar 01, 2048
524 North Avenue 54 in Los Angeles, CA was first built in 1922 and is 102 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 8 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 524 North Avenue 54 has 4,108 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 470 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 7,084 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. 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, 524 North Avenue 54 sold most recently in Nov 14, 2019 for a total of $1,125,000. If you work out the math, that's approximately a cost of $273.86 per sqft. Before that, the property was also sold for $1,000,000 in Jan 17, 2018. 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 $14,006 in taxes each year. 524 North Avenue 54 was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,182,574. If we break it down further, the land itself was valued at $840,942. Improvements to the property, however, were assessed at a total of $341,632. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,084
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 470
  • Total Building Area: 4,108
  • Gross Building Area: 4,140
  • Building Area: 4,108
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 4,108
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIGHLAND HEIGHTS TRACT
  • Land Acres: 0.163
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HIGHLAND HEIGHTS LOT/SEC 5

Ownership

  • Current Owner : BENECONDOR LLC
  • Previous Owner : SCHINIK TAL
  • Owner Before Previous Owner: BRACCO LILIA
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 183520

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 36-B2
  • Parcel: 5469-022-005
  • Lot: 5
  • Municipality: EAST /LA HIGHLAND PK
  • Latitude: 34.1128
  • Longitude: -118.199

    Address

  • Full Address: 524 N Avenue 54
  • Address - House Number: 524
  • Street Direction: N
  • Address - Street Name: Avenue 54
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C049
  • 4-Digit Zip Code: 3331
  • Zip Code: 90042

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,006
  • Tax Rate Code Area: 00-004

    Appraisal Valuation

  • Standard Deviation: 0.2182
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 70
  • Final Value: 1,455,859
  • High Value: 1,773,561
  • Low Value: 1,138,158

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,100,000
  • First Open Lien Mortgage Lender: CENTER STREET LENDING MP III S
  • First Open Lien Mortgage Recording Date: Dec 03, 2019
  • First Open Lien Mortgage Loan Amount: $1,100,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,182,574
  • Assessed Land Value: $840,942
  • Assessed Improvements Value: $341,632

    Sales

  • Current Sale Contract Date: Nov 14, 2019
  • Current Sale Recording Date: Dec 03, 2019
  • Current Sale Transaction ID: 11705282939
  • Current Sale Price: $1,125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 19-1325534
  • Previous Sale Recording Date: Feb 15, 2018
  • Previous Sale Contract Date: Jan 17, 2018
  • Previous Sale Amount: $1,000,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CENTER STREET LENDING MP III S
  • First Mortgage Transaction Date: Dec 03, 2019
  • First Mortgage Loan Amount: $1,100,000

    Previous Mortgages

  • Previous Mortgage Lender: STEARNS LENDING LLC
  • Previous Mortgage Transaction Date: Feb 15, 2018
  • Previous Mortgage Loan Amount: $670,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Mar 01, 2048

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Frequently Asked Questions

What neighborhood is 524 North Avenue 54 located in?
The 524 North Avenue 54 is a house located in the neighborhood of Highland Park in East LA, Los Angeles.
What is the average sales price for listings in 524 North Avenue 54?
The average sales price for units in 524 North Avenue 54 is $0 currently.

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