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1331 East 59th Place

1331 East 59th Place, Los Angeles, CA 90001
Property in Florence-Graham
Sold Oct 18, 2016
$360,000
$306,000 by United Wholesale Mortgage
Mortgage Due Nov 01, 2046
Sold Nov 09, 2011
$205,000
$153,750 by Plaza Home Mortgage Inc
Mortgage Due Dec 01, 2041
Local assessors in Los Angeles, CA have categorized 1331 East 59th Place as a residential type of property. The home was built in 1924 and is 100 years old. The property's lot size has been calculated to be 4,734 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, 3 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 1331 East 59th Place has a total of 1,120 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 - C. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Oct 14, 2016 for $360,000. That's $321.43 per sqft. Prior to that sales transaction, the property was also sold in Sep 20, 2011 for $205,000. 1331 East 59th Place was last assessed in 2023. The total value of the property was assessed at $401,583. Specifically, the land the property is located on was valued at $312,344. While improvements on the property were assessed at a total of $89,239. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $5,585. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. 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: 1924
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Duplex
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,734
  • Total Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,120
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 5097
  • Land Acres: 0.109
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: TRACT NO 5097 W 35 FT OF LOT/SEC 102

Ownership

  • Current Owner : CASTRO DIEGO
  • Current Owner 2: CASTRO WALTHER
  • Previous Owner : LUNA ALEX
  • Owner Before Previous Owner: COLDWATER CANYON INCOME PROPERTIES LLC
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 532800

Zoning

  • Zoning: LCR3YY

Geography

  • Assessors Map Reference: 52-D4
  • Subdivision Tract Number: 5097
  • Parcel: 6008-024-033
  • Lot: 102
  • Municipality: SOUTH /UNINC L ANGELES
  • Latitude: 33.9863
  • Longitude: -118.251

    Address

  • Full Address: 1331 E 59th Pl
  • Address - House Number: 1331
  • Street Direction: E
  • Address - Street Name: 59th
  • Address - Suffix Type: Pl
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C003
  • 4-Digit Zip Code: 1211
  • Zip Code: 90001

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,585
  • Tax Rate Code Area: 01-166

    Appraisal Valuation

  • Standard Deviation: 0.2351
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 67
  • Final Value: 607,828
  • High Value: 750,751
  • Low Value: 464,905

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $306,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Oct 18, 2016
  • First Open Lien Mortgage Loan Amount: $306,000
  • 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, 2046

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $401,583
  • Assessed Land Value: $312,344
  • Assessed Improvements Value: $89,239

    Sales

  • Current Sale Contract Date: Oct 14, 2016
  • Current Sale Recording Date: Oct 18, 2016
  • Current Sale Transaction ID: 1826469760
  • Current Sale Price: $360,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 16-1281036
  • Previous Sale Recording Date: Nov 09, 2011
  • Previous Sale Contract Date: Sep 20, 2011
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Oct 18, 2016
  • First Mortgage Loan Amount: $306,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: PLAZA HOME MORTGAGE INC
  • Previous Mortgage Transaction Date: Nov 09, 2011
  • Previous Mortgage Loan Amount: $153,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Dec 01, 2041

About Florence-Graham



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Frequently Asked Questions

What neighborhood is 1331 East 59th Place located in?
The 1331 East 59th Place is a located in the neighborhood of Florence-Graham in Florence-Graham, Los Angeles.
What is the average sales price for listings in 1331 East 59th Place?
The average sales price for units in 1331 East 59th Place is $0 currently.

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