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5540 West 62nd Street

5540 West 62nd Street, Los Angeles, CA 90056
Property in Ladera Heights
Sold Aug 11, 2017
$1,250,000
$1,000,000 by Wells Fargo Bank Na
Mortgage Due Sep 01, 2047
Sold Jan 05, 2010
$760,000
$608,000 by Citimortgage Inc
Mortgage Due Jan 01, 2040
5540 West 62nd Street in Los Angeles, CA was first built in 1964 and is 60 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 unknown style. It is a single story home. There are a total of 12 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. 5540 West 62nd Street has 2,760 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 720 ft and the linear feet between the front and back of the lot is 1,280. In total, the area measurement of the land is 9,189 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a hip style roof made of wood shake/ shingles. For those who need parking, there is a attached garage. 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 C. The condition of the building has been evaluated as excellent. 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. 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, 5540 West 62nd Street sold most recently in Jun 7, 2017 for a total of $1,250,000. If you work out the math, that's approximately a cost of $452.90 per sqft. Before that, the property was also sold for $760,000 in Dec 11, 2009. 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 $16,481 in taxes each year. 5540 West 62nd Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,367,054. If we break it down further, the land itself was valued at $963,938. Improvements to the property, however, were assessed at a total of $403,116. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Excellent
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Unknown
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,189
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 720
  • Total Building Area: 2,760
  • Building Area: 2,760
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,760
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 24252
  • Land Acres: 0.211
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 24252 LOT/SEC 75

Ownership

  • Current Owner : DANIELS CHRISTIAN
  • Current Owner 2: MAGNUSON KELLY
  • Previous Owner : NICHOLS BRYAN
  • Owner Before Previous Owner: DEUTSCHE BANK NATIONAL TRUST COMPANY
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Inglewood Unified School District
  • Census Tract: 703002

Zoning

  • Zoning: LCR1YY

Geography

  • Assessors Map Reference: 50-D4
  • Subdivision Tract Number: 24252
  • Parcel: 4101-013-027
  • Lot: 75
  • Municipality: WEST /LADERA HEIGHTS
  • Latitude: 33.9836
  • Longitude: -118.378

    Address

  • Full Address: 5540 W 62nd St
  • Address - House Number: 5540
  • Street Direction: W
  • Address - Street Name: 62nd
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C066
  • 4-Digit Zip Code: 2008
  • Zip Code: 90056

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,481
  • Tax Rate Code Area: 04-623

    Appraisal Valuation

  • Standard Deviation: 0.23
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 1,962,888
  • High Value: 2,414,395
  • Low Value: 1,511,380

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,000,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Aug 11, 2017
  • First Open Lien Mortgage Loan Amount: $1,000,000
  • 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: Sep 01, 2047

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,367,054
  • Assessed Land Value: $963,938
  • Assessed Improvements Value: $403,116

    Sales

  • Current Sale Contract Date: Jun 07, 2017
  • Current Sale Recording Date: Aug 11, 2017
  • Current Sale Transaction ID: 1732071260
  • Current Sale Price: $1,250,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 17-0910125
  • Previous Sale Recording Date: Jan 05, 2010
  • Previous Sale Contract Date: Dec 11, 2009
  • Previous Sale Amount: $760,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Aug 11, 2017
  • First Mortgage Loan Amount: $1,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: CITIMORTGAGE INC
  • Previous Mortgage Transaction Date: Jan 05, 2010
  • Previous Mortgage Loan Amount: $608,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2040

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Frequently Asked Questions

What neighborhood is 5540 West 62nd Street located in?
The 5540 West 62nd Street is a located in the neighborhood of Ladera Heights in Ladera Heights, Los Angeles.
What is the average sales price for listings in 5540 West 62nd Street?
The average sales price for units in 5540 West 62nd Street is $0 currently.

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