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6942 West 85th Street

6942 West 85th Street, Los Angeles, CA 90045
Property in Westchester
Sold Jun 29, 2022
$2,050,000
$1,640,000 by Financial Partners Credit Unio
Mortgage Due Jul 01, 2052
Sold Mar 24, 2021
$1,202,000
$1,270,000 by Trilion Capital Fund Llc
Mortgage Due Mar 15, 2022
6942 West 85th Street 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 1947 and is 77 years old. However, we must point out that the home was most recently renovated and altered in 1950. The home has a total of 9 rooms. 4 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, 6942 West 85th Street has 1,673 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 1,200 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 6,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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. According to our sources, there is one available parking space. 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 hip style roof made of wood shake/ shingles. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing floor/wall heating system. There is a single fireplace in the home. Perfect for those wintery 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, 6942 West 85th Street sold most recently in Jun 14, 2022 for a total of $2,050,000. If you work out the math, that's approximately a cost of $1,225.34 per sqft. Before that, the property was also sold for $1,202,000 in Feb 26, 2021. 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 $14,636 in taxes each year. The initial year of tax delinquency occurred in 2021. 6942 West 85th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,091,000. If we break it down further, the land itself was valued at $1,463,700. Improvements to the property, however, were assessed at a total of $627,300. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1947
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,673
  • Building Area: 1,673
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,673
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 11321
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 11321 LOT/SEC 28

Ownership

  • Current Owner : CHEN WILLIAM
  • Current Owner 2: CHEN JENNIE LEE
  • Previous Owner : LT WALKER HOLDINGS LLC
  • Owner Before Previous Owner: SMALLEY JOHN LIBNER
  • Owner Before Previous Owner 2: SMALLEY MARY THOMPSON
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 276400

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 56-B1
  • Subdivision Tract Number: 11321
  • Parcel: 4112-002-030
  • Lot: 28
  • Municipality: WEST /WESTCHESTER
  • Latitude: 33.961
  • Longitude: -118.412

    Address

  • Full Address: 6942 W 85th St
  • Address - House Number: 6942
  • Street Direction: W
  • Address - Street Name: 85th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C004
  • 4-Digit Zip Code: 2603
  • Zip Code: 90045

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,636
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 00-068

    Appraisal Valuation

  • Standard Deviation: 0.2229
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 1,907,600
  • High Value: 2,332,858
  • Low Value: 1,482,343

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,742,500
  • First Open Lien Mortgage Lender: FINANCIAL PARTNERS CREDIT UNIO
  • First Open Lien Mortgage Recording Date: Jun 29, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,640,000
  • 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: Jul 01, 2052
  • Second Open Lien Mortgage Recording Date: Jun 29, 2022
  • Second Open Lien Mortgage Loan Amount: $102,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Jul 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,091,000
  • Assessed Land Value: $1,463,700
  • Assessed Improvements Value: $627,300

    Sales

  • Current Sale Contract Date: Jun 14, 2022
  • Current Sale Recording Date: Jun 29, 2022
  • Current Sale Transaction ID: 11891190884
  • Current Sale Price: $2,050,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 678726
  • Previous Sale Recording Date: Mar 24, 2021
  • Previous Sale Contract Date: Feb 26, 2021
  • Previous Sale Amount: $1,202,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCIAL PARTNERS CREDIT UNIO
  • First Mortgage Transaction Date: Jun 29, 2022
  • First Mortgage Loan Amount: $1,640,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2052
  • Second Mortgage Loan Amount: $102,500

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: TRILION CAPITAL FUND LLC
  • Previous Mortgage Transaction Date: Mar 24, 2021
  • Previous Mortgage Loan Amount: $1,270,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Mar 15, 2022

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Frequently Asked Questions

What neighborhood is 6942 West 85th Street located in?
The 6942 West 85th Street is a located in the neighborhood of Westchester in West Los Angeles, Los Angeles.
What is the average sales price for listings in 6942 West 85th Street?
The average sales price for units in 6942 West 85th Street is $0 currently.

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