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747 South Spaulding Avenue

747 South Spaulding Avenue, Los Angeles, CA 90036
Property in Miracle Mile
Sold Apr 30, 2020
$1,975,000
$1,062,500 by Mufg Union Bank Na
Mortgage Due Nov 01, 2051
Sold May 11, 2011
$1,250,012
Local assessors in Los Angeles, CA have categorized 747 South Spaulding Avenue as a residential type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 6,577 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a quadplex style. 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, 6 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 4 full bathrooms. There are also 4 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 747 South Spaulding Avenue has a total of 4,070 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 - B. Residents rely on air conditioning for their cooling 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, 747 South Spaulding Avenue was last sold in Mar 18, 2020 for $1,975,000. According to our calculations, that's $485.26 per sqft. Prior to that sales transaction, the property was sold for $1,250,012 in Apr 29, 2011. Current property owners are expected to pay $24,350 in taxes per year. The property on 747 South Spaulding Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,076,075. To break that down further, the land itself was valued at $1,366,531. While improvements to the property were assessed at a total of $709,544. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Quadplex
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,577
  • Total Building Area: 4,070
  • Gross Building Area: 4,070
  • Building Area: 4,070
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heated Square Feet: 4,070
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 6421
  • Land Acres: 0.151
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: TRACT NO 6421 LOT/SEC 56

Ownership

  • Current Owner : BURGOS EDWIN A
  • Current Owner 2: KOO SU FEI
  • Previous Owner : PRACTICALLY NOTHING LLC
  • Owner Before Previous Owner: ZIMAN DAPHNA E
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 216302

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 42-F2
  • Subdivision Tract Number: 6421
  • Parcel: 5086-021-026
  • Lot: 56
  • Municipality: WEST /PARK LABREA
  • Latitude: 34.0611
  • Longitude: -118.359

    Address

  • Full Address: 747 S Spaulding Ave
  • Address - House Number: 747
  • Street Direction: S
  • Address - Street Name: Spaulding
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C069
  • 4-Digit Zip Code: 4506
  • Zip Code: 90036

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $24,350
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2277
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 2,329,123
  • High Value: 2,859,466
  • Low Value: 1,798,780

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,062,500
  • First Open Lien Mortgage Lender: MUFG UNION BANK NA
  • First Open Lien Mortgage Recording Date: Nov 05, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,062,500
  • 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: Nov 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,076,075
  • Assessed Land Value: $1,366,531
  • Assessed Improvements Value: $709,544

    Sales

  • Current Sale Contract Date: Mar 18, 2020
  • Current Sale Recording Date: Apr 30, 2020
  • Current Sale Transaction ID: 11756508867
  • Current Sale Price: $1,975,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 20-0476356
  • Previous Sale Recording Date: May 11, 2011
  • Previous Sale Contract Date: Apr 29, 2011
  • Previous Sale Amount: $1,250,012
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MUFG UNION BANK NA
  • First Mortgage Transaction Date: Apr 30, 2020
  • First Mortgage Loan Amount: $1,283,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Central LA



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Frequently Asked Questions

What neighborhood is 747 South Spaulding Avenue located in?
The 747 South Spaulding Avenue is a located in the neighborhood of Miracle Mile in Central LA, Los Angeles.
What is the average sales price for listings in 747 South Spaulding Avenue?
The average sales price for units in 747 South Spaulding Avenue is $0 currently.

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