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62 Fremont Place

62 Fremont Place, Los Angeles, CA 90005
Property in Greater Wilshire
Sold Aug 02, 2006
$3,975,000
$2,980,000 by Bank Of America Na
Mortgage Due Aug 01, 2036
Sold Feb 28, 2006
Transfer
$1,800,000 by Washington Mutual Bank Fa
Mortgage Due Mar 01, 2036
62 Fremont Place has been categorized by the local assessors in Los Angeles, CA as a residential type of property. The building on the property was first built in 1923 and is 101 years old. However, we must point out that the home was most recently renovated and altered in 1953. The home has a total of 10 rooms. 6 of these rooms are legally considered as bedrooms. Residents will have access to 6 full bathrooms. There are 6 partial bathrooms in the home. The building has a total of 2 stories. In addition, 62 Fremont Place has 6,221 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 25,621 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a contemporary style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The roof of the building is made of tile. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 62 Fremont Place was last sold in Jul 17, 2006 for $3,975,000. According to our calculations, that's $638.96 per sqft. Current property owners are expected to pay $64,166 in taxes per year. The property on 62 Fremont Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $5,543,839. To break that down further, the land itself was valued at $3,863,290. While improvements to the property were assessed at a total of $1,680,549. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Contemporary
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 25,621
  • Total Building Area: 6,221
  • Building Area: 6,221
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 6,221
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HOLLYWOOD OCEAN VIEW TRACT #2
  • Land Acres: 0.588
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 89 NE 97.5 FT MEASURED ON SE LINE OF LOT/SEC 64

Ownership

  • Current Owner : LEE HYO JUNG
  • Current Owner 2: LEE YOUNG IM
  • Previous Owner : GHIM JOSEPH
  • Previous Owner 2: LEE AMY
  • Owner Before Previous Owner: SALTER ERIC B
  • Owner Before Previous Owner 2: THE JANET SCHEIN FAMILY TRUST
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 212702

Zoning

  • Zoning: LARE20

Geography

  • Assessors Map Reference: 43-C2
  • Subdivision Tract Number: 89
  • Parcel: 5090-020-009
  • Lot: 64
  • Municipality: WEST /COUNTRY CLB PK.
  • Latitude: 34.0596
  • Longitude: -118.326

    Address

  • Full Address: 62 Fremont Pl
  • Address - House Number: 62
  • Address - Street Name: Fremont
  • Address - Suffix Type: Pl
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C057
  • 4-Digit Zip Code: 3858
  • Zip Code: 90005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $64,166
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 68
  • Final Value: 2,400,095
  • High Value: 2,948,174
  • Low Value: 1,852,015

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $3,480,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Aug 02, 2006
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,980,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2036
  • Second Open Lien Mortgage Lender: BANK OF AMERICA NA
  • Second Open Lien Mortgage Recording Date: Jan 08, 2007
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $250,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Third Open Lien Mortgage Lender: BANG JA KIM
  • Third Open Lien Mortgage Recording Date: Mar 27, 2013
  • Third Open Lien Mortgage Loan Amount: $250,000
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • Third Open Lien Mortgage Private Lender: T

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,543,839
  • Assessed Land Value: $3,863,290
  • Assessed Improvements Value: $1,680,549

    Sales

  • Current Sale Contract Date: Jul 17, 2006
  • Current Sale Recording Date: Aug 02, 2006
  • Current Sale Transaction ID: 1032453807
  • Current Sale Price: $3,975,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 06-1711196
  • Previous Sale Recording Date: Feb 28, 2006
  • Previous Sale Contract Date: Feb 13, 2006
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Aug 02, 2006
  • First Mortgage Loan Amount: $2,980,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Aug 01, 2036

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: Feb 28, 2006
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $1,800,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Mar 01, 2036

About Central LA



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Frequently Asked Questions

What neighborhood is 62 Fremont Place located in?
The 62 Fremont Place is a located in the neighborhood of Greater Wilshire in Central LA, Los Angeles.
What is the average sales price for listings in 62 Fremont Place?
The average sales price for units in 62 Fremont Place is $0 currently.

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