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704 Portola Terrace

704 Portola Terrace, Los Angeles, CA 90042
Property in Monterey Hills
704 Portola Terrace 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 1979 and is 45 years old. The home has a total of 3 bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. In addition, 704 Portola Terrace has 1,649 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 232,455 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. Love to swim? You'll be excited to find out that there is a pool on the property. 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 A 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. 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, 704 Portola Terrace was last sold in Jul 9, 2021 for $826,000. According to our calculations, that's $500.91 per sqft. Prior to that sales transaction, the property was sold for $364,000 in Jun 4, 2003. Current property owners are expected to pay $9,797 in taxes per year. The property on 704 Portola Terrace was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $842,520. To break that down further, the land itself was valued at $641,988. While improvements to the property were assessed at a total of $200,532. 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. 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. 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.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210614
06/14/2021
3 Bed
3 Bath
1649 ft²
$695,000
bedrooms
3 Bed
bathrooms
3 Bath
square feet
1649 ft²
$826,000 +18.85%
07/22/2021
Kristine Ng
COMPASS

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 232,455
  • Total Building Area: 1,649
  • Building Area: 1,649
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,649
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PORTOLA TERRACE
  • Land Acres: 5.336
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: *TR=27847 CONDOMINIUM*UNIT 1

Ownership

  • Current Owner : CHEN OLIVER
  • Previous Owner : KIM BO Y
  • Previous Owner 2: OH WILLIAM S
  • Owner Before Previous Owner: WILLIAMS KINNE L
  • Owner Before Previous Owner 2: WILLIAMS 1994 REVOCABL KINNE L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 201302

Zoning

  • Zoning: LARD5

Geography

  • Assessors Map Reference: 36-D3
  • Subdivision Tract Number: 27847
  • Parcel: 5301-003-078
  • Lot: 10
  • Municipality: WEST DISTRICT OFFICE
  • Latitude: 34.1008
  • Longitude: -118.182

    Address

  • Full Address: 704 Portola Ter
  • Address - House Number: 704
  • Address - Street Name: Portola
  • Address - Suffix Type: Ter
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C042
  • 4-Digit Zip Code: 5018
  • Zip Code: 90042

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,797
  • Tax Rate Code Area: 00-027

    Appraisal Valuation

  • Standard Deviation: 0.226
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 896,289
  • High Value: 1,098,897
  • Low Value: 693,681

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $600,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Jul 22, 2021
  • First Open Lien Mortgage Loan Amount: $600,000
  • 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: Aug 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $842,520
  • Assessed Land Value: $641,988
  • Assessed Improvements Value: $200,532

    Sales

  • Current Sale Contract Date: Jul 09, 2021
  • Current Sale Recording Date: Jul 22, 2021
  • Current Sale Transaction ID: 11843673411
  • Current Sale Price: $826,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1131042
  • Previous Sale Recording Date: Jul 16, 2003
  • Previous Sale Contract Date: Jun 04, 2003
  • Previous Sale Amount: $364,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Jul 22, 2021
  • First Mortgage Loan Amount: $600,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAS WHOLESALE LENDER
  • Previous Mortgage Transaction Date: Jul 16, 2003
  • Previous Mortgage Loan Amount: $291,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Aug 01, 2033

About East LA



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Frequently Asked Questions

What neighborhood is 704 Portola Terrace located in?
The 704 Portola Terrace is a located in the neighborhood of Monterey Hills in East LA, Los Angeles.
What is the average sales price for listings in 704 Portola Terrace?
The average sales price for units in 704 Portola Terrace is $695,000 , or $421/sqft. currently.

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