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7505 Waring Avenue

7505 Waring Avenue, Los Angeles, CA 90046
Property in Mid-City West
Sold Nov 17, 1998
$340,000
$289,000 by First Nationwide Mtg Corp
Mortgage Due Dec 01, 2028
Local assessors in Los Angeles, CA have categorized 7505 Waring Avenue as a residential type of property. The home was built in 1924 and is 100 years old. It was most recently renovated and altered in 1934. The property's lot size has been calculated to be 7,137 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex 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, 4 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 2 full bathrooms. There are also 2 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 7505 Waring Avenue has a total of 2,326 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 7505 Waring Avenue sold most recently in Oct 13, 1998 for a total of $340,000. If you work out the math, that's approximately a cost of $146.17 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,213 in taxes each year. 7505 Waring Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $512,306. If we break it down further, the land itself was valued at $361,631. Improvements to the property, however, were assessed at a total of $150,675. The property's total assessed value has been marked as more than the total market value 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1934
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,137
  • Total Building Area: 2,326
  • Gross Building Area: 2,326
  • Building Area: 2,326
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,326
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5377
  • Land Acres: 0.164
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: TRACT # 5377 LOT/SEC 37

Ownership

  • Current Owner : CASABLANCA JEANNETTE P
  • Previous Owner : ZARELLA DEBRA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 192002

Zoning

  • Zoning: LAR2

Geography

  • Assessors Map Reference: 34-A5
  • Subdivision Tract Number: 5377
  • Parcel: 5526-003-001
  • Lot: 37
  • Municipality: WEST /WEHO ADJACENT
  • Latitude: 34.0855
  • Longitude: -118.354

    Address

  • Full Address: 7505 Waring Ave
  • Address - House Number: 7505
  • Address - Street Name: Waring
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C023
  • 4-Digit Zip Code: 7411
  • Zip Code: 90046

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,213
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2295
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 68
  • Final Value: 1,720,589
  • High Value: 2,115,538
  • Low Value: 1,325,641

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $369,000
  • First Open Lien Mortgage Lender: FIRST NATIONWIDE MTG CORP
  • First Open Lien Mortgage Recording Date: Nov 17, 1998
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $289,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2028
  • Second Open Lien Mortgage Lender: NATIONAL CITY BANK
  • Second Open Lien Mortgage Recording Date: Nov 20, 2000
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Third Open Lien Mortgage Lender: UMBERTO SAVONE
  • Third Open Lien Mortgage Recording Date: Mar 03, 1999
  • Third Open Lien Mortgage Loan Amount: $30,000
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Stand Alone Second
  • Third Open Lien Mortgage Private Lender: T

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $512,306
  • Assessed Land Value: $361,631
  • Assessed Improvements Value: $150,675

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 13, 1998
  • Current Sale Recording Date: Nov 17, 1998
  • Current Sale Transaction ID: 1032692368
  • Current Sale Price: $340,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 98-2097590

    Last Sale Mortgage

  • First Mortgage Lender: FIRST NATIONWIDE MTG CORP
  • First Mortgage Transaction Date: Nov 17, 1998
  • First Mortgage Loan Amount: $289,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Dec 01, 2028

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Central LA



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Frequently Asked Questions

What neighborhood is 7505 Waring Avenue located in?
The 7505 Waring Avenue is a located in the neighborhood of Mid-City West in Central LA, Los Angeles.
What is the average sales price for listings in 7505 Waring Avenue?
The average sales price for units in 7505 Waring Avenue is $0 currently.

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