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5814 3rd Avenue

5814 3rd Avenue, Los Angeles, CA 90043
Multifamily in Park Mesa Heights
Local assessors in Los Angeles, CA have categorized 5814 3rd Avenue as a residential type of property. The home was built in 1923 and is 101 years old. The property's lot size has been calculated to be 5,447 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 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 3 full bathrooms. There are also 3 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 5814 3rd Avenue has a total of 1,850 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. 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 - C. Residents rely on air conditioning for their cooling 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, 5814 3rd Avenue sold most recently in Apr 8, 2021 for a total of $665,000. If you work out the math, that's approximately a cost of $359.46 per sqft. Before that, the property was also sold for $137,500 in Nov 4, 1998. 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 $8,247 in taxes each year. 5814 3rd Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $691,866. If we break it down further, the land itself was valued at $275,706. Improvements to the property, however, were assessed at a total of $416,160. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210208
02/08/2021
Studio
-
-
$595,000
bedrooms
Studio
bathrooms
-
$665,000 +11.76%
04/09/2021
Nidia Valenzuela

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,447
  • Total Building Area: 1,850
  • Gross Building Area: 1,850
  • Building Area: 1,850
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 1,850
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5347
  • Land Acres: 0.125
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: TRACT # 5347 LOT/SEC 9 BLK/DIV/TWN 2

Ownership

  • Current Owner : COLLINS OTIS TIMONTHY
  • Previous Owner : GAITAN NERITH
  • Owner Before Previous Owner: COLEMAN GEORGE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 234700

Zoning

  • Zoning: LARD5

Geography

  • Assessors Map Reference: 51-D4
  • Subdivision Tract Number: 5347
  • Parcel: 4005-022-005
  • Block: 2
  • Lot: 9
  • Municipality: WEST /SO. WEST L.A.
  • Latitude: 33.9886
  • Longitude: -118.32

    Address

  • Full Address: 5814 3rd Ave
  • Address - House Number: 5814
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C047
  • 4-Digit Zip Code: 3222
  • Zip Code: 90043

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,247
  • Tax Rate Code Area: 00-212

    Appraisal Valuation

  • Standard Deviation: 0.2272
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 751,413
  • High Value: 922,134
  • Low Value: 580,692

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $812,558
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Apr 09, 2021
  • First Open Lien Mortgage Loan Amount: $655,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: May 01, 2051
  • Second Open Lien Mortgage Lender: SECRETARY OF VETERANS AFFAIRS
  • Second Open Lien Mortgage Recording Date: Jun 02, 2023
  • Second Open Lien Mortgage Loan Amount: $157,558
  • Second Open Lien Mortgage Term: 334
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: May 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $691,866
  • Assessed Land Value: $275,706
  • Assessed Improvements Value: $416,160

    Sales

  • Current Sale Contract Date: Apr 08, 2021
  • Current Sale Recording Date: Apr 09, 2021
  • Current Sale Transaction ID: 11830410590
  • Current Sale Price: $665,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0565827
  • Previous Sale Recording Date: Jan 25, 1999
  • Previous Sale Contract Date: Nov 04, 1998
  • Previous Sale Amount: $137,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Apr 09, 2021
  • First Mortgage Loan Amount: $655,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: May 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: NATIONAL PACIFIC MTG
  • Previous Mortgage Transaction Date: Jan 25, 1999
  • Previous Mortgage Loan Amount: $135,992
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Feb 01, 2029

About South LA



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Nearby Rentals

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$1,575 /mo

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  • 1 Bath
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$1,675 /mo

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$1,525 /mo

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$1,725 /mo

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$1,695 /mo

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Unit for rent at

$1,595 /mo

  • 1 Bed
  • 1 Bath
  • 500 ft²
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$1,593 /mo

  • 1 Bed
  • 1 Bath
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Frequently Asked Questions

What neighborhood is 5814 3rd Avenue located in?
The 5814 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 5814 3rd Avenue?
The average sales price for units in 5814 3rd Avenue is $595,000 currently.

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