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747 Ceres Avenue

747 Ceres Avenue, Los Angeles, CA 90021
Local assessors in Los Angeles, CA have categorized 747 Ceres Avenue as a industrial type of property. The home was built in 1959 and is 65 years old. The property's lot size has been calculated to be 9,226 square feet. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 747 Ceres Avenue has a total of 5,135 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. 747 Ceres Avenue is a 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". 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 masonry control joints. 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, 747 Ceres Avenue was last sold in Feb 20, 2014 for $1,025,000. According to our calculations, that's $199.61 per sqft. Prior to that sales transaction, the property was sold for $1,115,000 in Apr 13, 2007. Current property owners are expected to pay $18,919 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2019. The property on 747 Ceres Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,207,709. To break that down further, the land itself was valued at $977,952. While improvements to the property were assessed at a total of $229,757. 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.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Bedroom Count: 0
  • Construction Type: Masonry
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,226
  • Total Building Area: 5,135
  • Gross Building Area: 5,135
  • Building Area: 5,135
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,135
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Industrial
  • Subdivision: E M FUNKS SUB OF THE VALENZUELA TRACT
  • Land Acres: 0.212
  • Standard Land Use Code: Warehouse (industrial)
  • Legal Description 1: M R 18-92 1/2 VAC ALLEY ADJ ON NW AND LOTS 64 AND 65

Ownership

  • Current Owner : CERES BUILDING LLC
  • Previous Owner : SONG HO MIN
  • Owner Before Previous Owner: NIKOO FARHAD
  • Owner Before Previous Owner 2: BENJEE SOLEIMAN
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 226002

Zoning

  • Zoning: LAM2

Geography

  • Parcel: 5146-002-049
  • Lot: 64,65
  • Municipality: HALL OF ADMIN/LA IND./PRODUCE
  • Latitude: 34.0369
  • Longitude: -118.245

    Address

  • Full Address: 747 Ceres Ave
  • Address - House Number: 747
  • Address - Street Name: Ceres
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C004
  • 4-Digit Zip Code: 1515
  • Zip Code: 90021

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $18,919
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 15-117

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $768,750
  • First Open Lien Mortgage Lender: UNION BANK NA
  • First Open Lien Mortgage Recording Date: Feb 28, 2014
  • First Open Lien Mortgage Loan Amount: $768,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,207,709
  • Assessed Land Value: $977,952
  • Assessed Improvements Value: $229,757

    Sales

  • Current Sale Contract Date: Feb 20, 2014
  • Current Sale Recording Date: Feb 28, 2014
  • Current Sale Transaction ID: 1030782535
  • Current Sale Price: $1,025,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 14-0208151
  • Previous Sale Recording Date: Apr 26, 2007
  • Previous Sale Contract Date: Apr 13, 2007
  • Previous Sale Amount: $1,115,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNION BANK NA
  • First Mortgage Transaction Date: Feb 28, 2014
  • First Mortgage Loan Amount: $768,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: CENTER BANK
  • Previous Mortgage Transaction Date: Apr 26, 2007
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $501,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 747 Ceres Avenue located in?
The 747 Ceres Avenue is a located in the neighborhood of Warehouse District in Central LA, Los Angeles.
What is the average sales price for listings in 747 Ceres Avenue?
The average sales price for units in 747 Ceres Avenue is $0 currently.

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