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7316 Wadsworth Avenue

7316 Wadsworth Avenue, Los Angeles, CA 90001
House in CANNDU
Sold Apr 22, 2020
$400,000
$393,503 by Hometown Equity Mortgage
Mortgage Due Mar 01, 2051
Sold Nov 08, 2019
$240,000
7316 Wadsworth Avenue in Los Angeles, CA was first built in 1926 and is 98 years old. This has been categorized as a residential property type. It is a single story home. This is a single bedroom home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 7316 Wadsworth Avenue has 672 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 430. In total, the area measurement of the land is 2,169 square feet.

Learn more about the property and building on this page. The roof of the home is made of composition shingle. Water for the property is sourced from a municipal system. For those who need parking, there is a attached garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. As for heating, the home is utilizing floor/wall 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, 7316 Wadsworth Avenue was last sold in Mar 12, 2020 for $400,000. According to our calculations, that's $595.24 per sqft. Prior to that sales transaction, the property was sold for $240,000 in Oct 3, 2019. Current property owners are expected to pay $4,957 in taxes per year. The property on 7316 Wadsworth Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $420,364. To break that down further, the land itself was valued at $306,207. While improvements to the property were assessed at a total of $114,157. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,169
  • Lot Size Depth Feet: 430
  • Lot Size Frontage Feet: 500
  • Total Building Area: 672
  • Building Area: 672
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 672
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 6
  • Land Acres: 0.05
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 6O97 N 5O FT OF LOT/SEC 317

Ownership

  • Current Owner : PEREZ WALTER A
  • Current Owner 2: PEREZ BEATRIZ M
  • Previous Owner : ANGELENO HOMES LLC
  • Owner Before Previous Owner: U S BANK NATIONAL ASSOCIATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 239501

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 52-C6
  • Subdivision Tract Number: 6
  • Parcel: 6023-005-026
  • Lot: 317
  • Municipality: SOUTH /L.A./FLORENCE
  • Latitude: 33.9733
  • Longitude: -118.258

    Address

  • Full Address: 7316 Wadsworth Ave
  • Address - House Number: 7316
  • Address - Street Name: Wadsworth
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C002
  • 4-Digit Zip Code: 2344
  • Zip Code: 90001

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,957
  • Tax Rate Code Area: 00-007

    Appraisal Valuation

  • Standard Deviation: 0.2306
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 546,443
  • High Value: 672,498
  • Low Value: 420,387

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $393,503
  • First Open Lien Mortgage Lender: HOMETOWN EQUITY MORTGAGE
  • First Open Lien Mortgage Recording Date: Feb 18, 2021
  • First Open Lien Mortgage Loan Amount: $393,503
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $420,364
  • Assessed Land Value: $306,207
  • Assessed Improvements Value: $114,157

    Sales

  • Current Sale Contract Date: Mar 12, 2020
  • Current Sale Recording Date: Apr 22, 2020
  • Current Sale Transaction ID: 11755295326
  • Current Sale Price: $400,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 20-0443787
  • Previous Sale Recording Date: Nov 08, 2019
  • Previous Sale Contract Date: Oct 03, 2019
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CARRINGTON MORTGAGE SERVICES L
  • First Mortgage Transaction Date: Apr 22, 2020
  • First Mortgage Loan Amount: $392,656
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2050

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Frequently Asked Questions

What neighborhood is 7316 Wadsworth Avenue located in?
The 7316 Wadsworth Avenue is a house located in the neighborhood of CANNDU in South LA, Los Angeles.
What is the average sales price for listings in 7316 Wadsworth Avenue?
The average sales price for units in 7316 Wadsworth Avenue is $0 currently.

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