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6440 Drexel Avenue

6440 Drexel Avenue, Los Angeles, CA 90048
Property in Mid-City West
Sold Jun 12, 2019
$1,715,000
$1,114,750 by First Republic Bank
Mortgage Due Jul 01, 2049
Sold Aug 15, 2013
$1,193,500
$954,800 by Bank Of America Na
Mortgage Due Sep 01, 2043
6440 Drexel Avenue 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 1927 and is 97 years old. However, we must point out that the home was most recently renovated and altered in 1928. The home has a total of 9 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 6440 Drexel Avenue has 1,688 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,210 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 6,049 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Spanish 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 attached garage for those who require parking. According to our sources, there is one available parking space. 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 B by the local assessor. The building has a gable style roof made of tile. The exterior walls of the building are made of stucco. The inside of the home is being cooled with a wall air conditioning unit at the moment. 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. 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, 6440 Drexel Avenue sold most recently in Jun 3, 2019 for a total of $1,715,000. If you work out the math, that's approximately a cost of $1,016.00 per sqft. Before that, the property was also sold for $1,193,500 in Aug 10, 2013. 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 $21,334 in taxes each year. 6440 Drexel Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,838,824. If we break it down further, the land itself was valued at $1,471,060. Improvements to the property, however, were assessed at a total of $367,764. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1927
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Spanish
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,049
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,688
  • Building Area: 1,688
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Wall air conditioning unit
  • Heating: Central heating
  • Heated Square Feet: 1,688
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 7555
  • Land Acres: 0.139
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 7555 LOT/SEC 28 BLK/DIV/TWN 24

Ownership

  • Current Owner : NOESIS DREXEL 6440 LLC
  • Previous Owner : WALTER ANDREW WYLIE
  • Owner Before Previous Owner: ZUCKERMAN DAN
  • Current Owner Is a Corporation Indicator: Yes

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: 5510-008-028
  • Block: 24
  • Lot: 28
  • Municipality: WEST /PARK LABREA
  • Latitude: 34.0689
  • Longitude: -118.369

    Address

  • Full Address: 6440 Drexel Ave
  • Address - House Number: 6440
  • Address - Street Name: Drexel
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C065
  • 4-Digit Zip Code: 4706
  • Zip Code: 90048

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $21,334
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2248
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 2,117,869
  • High Value: 2,593,972
  • Low Value: 1,641,766

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,114,750
  • First Open Lien Mortgage Lender: FIRST REPUBLIC BANK
  • First Open Lien Mortgage Recording Date: Jun 12, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,114,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,838,824
  • Assessed Land Value: $1,471,060
  • Assessed Improvements Value: $367,764

    Sales

  • Current Sale Contract Date: Jun 03, 2019
  • Current Sale Recording Date: Jun 12, 2019
  • Current Sale Transaction ID: 11613367176
  • Current Sale Price: $1,715,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-0553163
  • Previous Sale Recording Date: Aug 15, 2013
  • Previous Sale Contract Date: Aug 10, 2013
  • Previous Sale Amount: $1,193,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST REPUBLIC BANK
  • First Mortgage Transaction Date: Jun 12, 2019
  • First Mortgage Loan Amount: $1,114,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jul 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Aug 15, 2013
  • Previous Mortgage Loan Amount: $954,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2043

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Frequently Asked Questions

What neighborhood is 6440 Drexel Avenue located in?
The 6440 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 6440 Drexel Avenue?
The average sales price for units in 6440 Drexel Avenue is $0 currently.

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