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7005 Lanto Street

7005 Lanto Street, Los Angeles, CA 90040
Property in Veterans Park
Sold Aug 17, 2021
$350,000
$280,000 by Crosscountry Mortgage Llc
Mortgage Due Sep 01, 2051
7005 Lanto 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 1986 and is 38 years old. The home comes with a single bedroom. Residents will have access to one full bathroom. There is one partial bathroom in the home. In addition, 7005 Lanto Street has 660 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 19,154 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo 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. 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 inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. The property was last sold in Aug 2, 2021 for $350,000. That's $530.30 per sqft. 7005 Lanto Street was last assessed in 2023. The total value of the property was assessed at $357,000. Specifically, the land the property is located on was valued at $163,200. While improvements on the property were assessed at a total of $193,800. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $4,395. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Stucco Exterior

Driveway

Driveway

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 19,154
  • Total Building Area: 660
  • Building Area: 660
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 660
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.44
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: TR=43875 LOT 1 CONDOMINIUM*UNIT 6

Ownership

  • Current Owner : LAM JULIO CESAR TRIANA
  • Previous Owner : BATTLE ASHLEY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Montebello Unified School District
  • Census Tract: 532304

Zoning

  • Zoning: CMR3*

Geography

  • Assessors Map Reference: 54-B5
  • Subdivision Tract Number: 43875
  • Parcel: 6357-012-036
  • Lot: 1
  • Municipality: SOUTH /DOWNEY/SO. GATE
  • Latitude: 33.9746
  • Longitude: -118.133

    Address

  • Full Address: 7005 Lanto St
  • Address - House Number: 7005
  • Address - Street Name: Lanto
  • Address - Suffix Type: St
  • State: CA
  • City Name: Commerce
  • Carrier Code: C007
  • 4-Digit Zip Code: 3713
  • Zip Code: 90040

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,395
  • Tax Rate Code Area: 06-519

    Appraisal Valuation

  • Standard Deviation: 0.2483
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 65
  • Final Value: 393,332
  • High Value: 491,033
  • Low Value: 295,631

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $280,000
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Aug 17, 2021
  • First Open Lien Mortgage Loan Amount: $280,000
  • 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: Sep 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $357,000
  • Assessed Land Value: $163,200
  • Assessed Improvements Value: $193,800

    Sales

  • Current Sale Contract Date: Aug 02, 2021
  • Current Sale Recording Date: Aug 17, 2021
  • Current Sale Transaction ID: 11849452230
  • Current Sale Price: $350,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1257399

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Mortgage Transaction Date: Aug 17, 2021
  • First Mortgage Loan Amount: $280,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

About Commerce



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Frequently Asked Questions

What neighborhood is 7005 Lanto Street located in?
The 7005 Lanto Street is a located in the neighborhood of Veterans Park in Commerce, Los Angeles.
What is the average sales price for listings in 7005 Lanto Street?
The average sales price for units in 7005 Lanto Street is $0 currently.

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