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708 Lorraine Boulevard

708 Lorraine Boulevard, Los Angeles, CA 90005
Sold Feb 11, 2021
$1,860,000
$1,488,000 by Citibank Na
Mortgage Due Mar 01, 2051
Sold Jan 14, 2020
$1,527,000
$1,220,000 by Jpmorgan Chase Bank Na
Mortgage Due Feb 01, 2050
Local assessors in Los Angeles, CA have categorized 708 Lorraine Boulevard as a residential type of property. The home was built in 1923 and is 101 years old. It was most recently renovated and altered in 1924. The property's lot size has been calculated to be 7,304 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 5 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 3 full bathrooms. There are also 3 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 708 Lorraine Boulevard has a total of 2,982 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. 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 - C. The home's a central heating system is the primary heating source. The property was last sold in Feb 2, 2021 for $1,860,000. That's $623.74 per sqft. Prior to that sales transaction, the property was also sold in Dec 19, 2019 for $1,527,000. 708 Lorraine Boulevard was last assessed in 2023. The total value of the property was assessed at $1,935,143. Specifically, the land the property is located on was valued at $1,538,751. While improvements on the property were assessed at a total of $396,392. 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 $22,442. 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. 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

Parking

Carport
Covered Parking
Attached Garage
Detached Garage

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1924
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,304
  • Total Building Area: 2,982
  • Building Area: 2,982
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,982
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 1655
  • Land Acres: 0.168
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 1655 EX OF ST LOT/SEC 8

Ownership

  • Current Owner : YOO STEVE Y
  • Current Owner 2: JANG YOUNHEE
  • Previous Owner : KIM DAVID Y
  • Previous Owner 2: PAK MARIAN
  • Owner Before Previous Owner: SCOTT HENRY T
  • Owner Before Previous Owner 2: PAK MARIAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 212702

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 43-D2
  • Subdivision Tract Number: 1655
  • Parcel: 5090-032-027
  • Lot: 8
  • Municipality: WEST /COUNTRY CLB PK.
  • Latitude: 34.0603
  • Longitude: -118.321

    Address

  • Full Address: 708 Lorraine Blvd
  • Address - House Number: 708
  • Address - Street Name: Lorraine
  • Address - Suffix Type: Blvd
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C061
  • 4-Digit Zip Code: 3613
  • Zip Code: 90005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,442
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2272
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 2,062,243
  • High Value: 2,530,909
  • Low Value: 1,593,577

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,488,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Feb 11, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,488,000
  • 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: Mar 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,935,143
  • Assessed Land Value: $1,538,751
  • Assessed Improvements Value: $396,392

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 02, 2021
  • Current Sale Recording Date: Feb 11, 2021
  • Current Sale Transaction ID: 11816595942
  • Current Sale Price: $1,860,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0240943
  • Previous Sale Recording Date: Jan 14, 2020
  • Previous Sale Contract Date: Dec 19, 2019
  • Previous Sale Amount: $1,527,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Feb 11, 2021
  • First Mortgage Loan Amount: $1,488,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: Jan 14, 2020
  • Previous Mortgage Loan Amount: $1,220,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2050

About Central LA



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$19,500 /mo

  • 5 Beds
  • 6 Baths
  • 5,484 ft²
Listing by Rotimi Ogunnaike

Frequently Asked Questions

What neighborhood is 708 Lorraine Boulevard located in?
The 708 Lorraine Boulevard is a house located in the neighborhood of Greater Wilshire in Central LA, Los Angeles.
What is the average sales price for listings in 708 Lorraine Boulevard?
The average sales price for units in 708 Lorraine Boulevard is $0 currently.

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