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6401 Drexel Avenue

6401 Drexel Avenue, Los Angeles, CA 90048
Property in Mid-City West
Sold Feb 15, 2024
$3,200,000
$2,000,000 by Edelman Scott
Mortgage Due Feb 15, 2054
Sold Aug 06, 2020
$2,156,000
Local assessors in Los Angeles, CA have categorized 6401 Drexel Avenue as a residential type of property. The home was built in 1927 and is 97 years old. It was most recently renovated and altered in 1950. The property's lot size has been calculated to be 6,051 square feet. The linear feet between the front and back of the lot was measured at 1,210 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Spanish style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 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 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 6401 Drexel Avenue has a total of 2,075 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. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 - A. The building has a gable style roof that was made of tile. Lots of stucco were used in the construction of the exterior walls of the home. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 6401 Drexel Avenue was last sold in Oct 5, 2023 for $3,200,000. According to our calculations, that's $1,542.17 per sqft. Prior to that sales transaction, the property was sold for $2,156,000 in Jul 21, 2020. Current property owners are expected to pay $25,965 in taxes per year. The property on 6401 Drexel Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,243,102. To break that down further, the land itself was valued at $1,626,145. While improvements to the property were assessed at a total of $616,957. 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: 1927
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Spanish
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,051
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,075
  • Building Area: 2,075
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,075
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 7555
  • Land Acres: 0.139
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 7555 LOT/SEC 1 BLK/DIV/TWN 29

Ownership

  • Current Owner : EDELMAN REBECCA JULIET
  • Current Owner 2: LUSTHAUS BENJAMIN HASKEL
  • Previous Owner : RAPAPORT FAMILY TRUST
  • Owner Before Previous Owner: NEWHOUSE CHARLOTTE A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 214700

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 42-E1
  • Subdivision Tract Number: 7555
  • Parcel: 5510-003-001
  • Block: 29
  • Lot: 1
  • Municipality: WEST /PARK LABREA
  • Latitude: 34.0691
  • Longitude: -118.368

    Address

  • Full Address: 6401 Drexel Ave
  • Address - House Number: 6401
  • Address - Street Name: Drexel
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C065
  • 4-Digit Zip Code: 4705
  • Zip Code: 90048

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $25,965
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.1935
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 74
  • Final Value: 2,337,004
  • High Value: 2,789,236
  • Low Value: 1,884,773

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: EDELMAN SCOTT
  • First Open Lien Mortgage Recording Date: Feb 15, 2024
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • 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: Feb 15, 2054
  • First Open Lien Mortgage Private Lender: T

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,243,102
  • Assessed Land Value: $1,626,145
  • Assessed Improvements Value: $616,957

    Sales

  • Current Sale Contract Date: Oct 05, 2023
  • Current Sale Recording Date: Feb 15, 2024
  • Current Sale Transaction ID: 11920784706
  • Current Sale Price: $3,200,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 102319
  • Previous Sale Recording Date: Aug 06, 2020
  • Previous Sale Contract Date: Jul 21, 2020
  • Previous Sale Amount: $2,156,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: EDELMAN SCOTT
  • First Mortgage Transaction Date: Feb 15, 2024
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About Central LA



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Frequently Asked Questions

What neighborhood is 6401 Drexel Avenue located in?
The 6401 Drexel Avenue is a located in the neighborhood of Mid-City West in Central LA, Los Angeles.
What is the average sales price for listings in 6401 Drexel Avenue?
The average sales price for units in 6401 Drexel Avenue is $0 currently.

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