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859 3rd Avenue

859 3rd Avenue, Los Angeles, CA 90005
Property in Wilshire Park
Sold Jun 04, 2009
$570,000
$440,000 by New Wave Lending Group Inc
Mortgage Due Aug 01, 2050
Sold Nov 24, 2008
Transfer
859 3rd Avenue in Los Angeles, CA was first built in 1921 and is 103 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. There are a total of 2 floors. There are a total of 8 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. 859 3rd Avenue has 1,773 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 550 ft and the linear feet between the front and back of the lot is 1,400. In total, the area measurement of the land is 7,704 square feet.

Learn more about the property and building on this page. The home has a flat style roof made of roll composition. Water for the property is sourced from a municipal system. 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 good. The exterior walls of the home are made of stucco. As for heating, the home is utilizing floor/wall 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. 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, 859 3rd Avenue sold most recently in Apr 29, 2009 for a total of $570,000. If you work out the math, that's approximately a cost of $321.49 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 $8,382 in taxes each year. 859 3rd Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $705,506. If we break it down further, the land itself was valued at $564,410. Improvements to the property, however, were assessed at a total of $141,096. The property's total assessed value has been marked as more than the total market value 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!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: 1921
  • Effective Year Built: 1921
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Roll composition
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,704
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,773
  • Building Area: 1,773
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,773
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 2000
  • Land Acres: 0.177
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 2000 LOT/SEC 156

Ownership

  • Current Owner : LEE GUEN WOO
  • Current Owner 2: LEE HYE SUN
  • Previous Owner : MAZGANI MAHVASH
  • Owner Before Previous Owner: ZAVALA SOTO DANIEL ANTONIO
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 212620

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 43-D2
  • Subdivision Tract Number: 2000
  • Parcel: 5092-014-025
  • Lot: 156
  • Municipality: WEST /COUNTRY CLB PK.
  • Latitude: 34.0563
  • Longitude: -118.317

    Address

  • Full Address: 859 3rd Ave
  • Address - House Number: 859
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C060
  • 4-Digit Zip Code: 3521
  • Zip Code: 90005

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,382
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2233
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 1,551,037
  • High Value: 1,897,536
  • Low Value: 1,204,538

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $440,000
  • First Open Lien Mortgage Lender: NEW WAVE LENDING GROUP INC
  • First Open Lien Mortgage Recording Date: Jul 15, 2020
  • First Open Lien Mortgage Loan Amount: $440,000
  • 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: Aug 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $705,506
  • Assessed Land Value: $564,410
  • Assessed Improvements Value: $141,096

    Sales

  • Current Sale Contract Date: Apr 29, 2009
  • Current Sale Recording Date: Jun 04, 2009
  • Current Sale Transaction ID: 1032101720
  • Current Sale Price: $570,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 09-0830353
  • Previous Sale Recording Date: Nov 24, 2008
  • Previous Sale Contract Date: Nov 18, 2008
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PMC BANCORP
  • First Mortgage Transaction Date: Jun 04, 2009
  • First Mortgage Loan Amount: $417,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jun 01, 2039

About Central LA



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Frequently Asked Questions

What neighborhood is 859 3rd Avenue located in?
The 859 3rd Avenue is a located in the neighborhood of Wilshire Park in Central LA, Los Angeles.
What is the average sales price for listings in 859 3rd Avenue?
The average sales price for units in 859 3rd Avenue is $0 currently.

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