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8055 Selma Avenue

8055 Selma Avenue, Los Angeles, CA 90046
Sold Oct 23, 2019
$2,806,500
$2,245,000 by Mufg Union Bank Na
Mortgage Due Nov 01, 2049
Sold May 11, 2007
$2,395,000
$1,796,250 by Union Bank Of California Na
Mortgage Due Jun 01, 2022
8055 Selma Avenue in Los Angeles, CA was first built in 1924 and is 100 years old. Although, the building on the property was most recently renovated and altered in 1936. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a Spanish style. There are a total of 2 floors. There are a total of 9 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 8055 Selma Avenue has 3,293 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 640 ft and the linear feet between the front and back of the lot is 1,390. In total, the area measurement of the land is 9,058 square feet.

Learn more about the property and building on this page. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a gable style roof made of tile. 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 A. The condition of the building has been evaluated as good. The exterior walls of the home are made of stucco. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 8055 Selma Avenue was last sold in Sep 10, 2019 for $2,806,500. According to our calculations, that's $852.26 per sqft. Prior to that sales transaction, the property was sold for $2,395,000 in Apr 13, 2007. Current property owners are expected to pay $34,330 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 8055 Selma Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $2,949,921. To break that down further, the land itself was valued at $2,360,000. While improvements to the property were assessed at a total of $589,921. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1924
  • Effective Year Built: 1936
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Spanish
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,058
  • Lot Size Depth Feet: 1,390
  • Lot Size Frontage Feet: 640
  • Total Building Area: 3,293
  • Building Area: 3,293
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 3,293
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CIELO VISTA TERRACE
  • Land Acres: 0.208
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CIELO VISTA TERRACE EX OF ALLEY LOT/SEC 14

Ownership

  • Current Owner : LANGWORTHY WILLIAM
  • Previous Owner : HORTA SILVIO ALEJANDRO
  • Previous Owner 2: THE SILVIO HORTA LIVING TRUST
  • Owner Before Previous Owner: ESCALANTE JOSEPH P
  • Owner Before Previous Owner 2: ESCALANTE SANDRA D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 194200

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 33-E3
  • Parcel: 5555-032-005
  • Lot: 14
  • Municipality: WEST /HOLLYWOOD HILS
  • Latitude: 34.0998
  • Longitude: -118.366

    Address

  • Full Address: 8055 Selma Ave
  • Address - House Number: 8055
  • Address - Street Name: Selma
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C024
  • 4-Digit Zip Code: 2508
  • Zip Code: 90046

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $34,330
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2263
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 68
  • Final Value: 3,109,346
  • High Value: 3,813,231
  • Low Value: 2,405,460

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,245,000
  • First Open Lien Mortgage Lender: MUFG UNION BANK NA
  • First Open Lien Mortgage Recording Date: Oct 23, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,245,000
  • 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: Nov 01, 2049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,949,921
  • Assessed Land Value: $2,360,000
  • Assessed Improvements Value: $589,921

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 10, 2019
  • Current Sale Recording Date: Oct 23, 2019
  • Current Sale Transaction ID: 11664433850
  • Current Sale Price: $2,806,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 19-1137034
  • Previous Sale Recording Date: May 11, 2007
  • Previous Sale Contract Date: Apr 13, 2007
  • Previous Sale Amount: $2,395,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: MUFG UNION BANK NA
  • First Mortgage Transaction Date: Oct 23, 2019
  • First Mortgage Loan Amount: $2,245,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: UNION BANK OF CALIFORNIA NA
  • Previous Mortgage Transaction Date: May 11, 2007
  • Previous Mortgage Loan Amount: $1,796,250
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2022

About West Los Angeles



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Frequently Asked Questions

What neighborhood is 8055 Selma Avenue located in?
The 8055 Selma Avenue is a located in the neighborhood of Bel Air-Beverly Crest in West Los Angeles, Los Angeles.
What is the average sales price for listings in 8055 Selma Avenue?
The average sales price for units in 8055 Selma Avenue is $0 currently.

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