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8088 Oakwood Avenue

8088 Oakwood Avenue, Los Angeles, CA 90048
Property in Mid-City West
Sold Sep 14, 1999
$532,000
$930,000 by New American Funding
Mortgage Due Sep 01, 2047
Sold Apr 04, 1996
$360,000
$276,000 by World S/l
Mortgage Due Apr 15, 2026
8088 Oakwood Avenue has been categorized by the local assessors in Los Angeles, CA as a residential type of property. The building on the property was first built in 1926 and is 98 years old. However, we must point out that the home was most recently renovated and altered in 1933. The home has a total of 9 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 8088 Oakwood Avenue has 2,041 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,310 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 6,553 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Spanish style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The building has a flat style roof made of roll composition. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing floor/wall heating system. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Jul 9, 1999 for $532,000. That's $260.66 per sqft. Prior to that sales transaction, the property was also sold in Apr 1, 1996 for $360,000. 8088 Oakwood Avenue was last assessed in 2023. The total value of the property was assessed at $1,052,153. Specifically, the land the property is located on was valued at $669,065. While improvements on the property were assessed at a total of $383,088. 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 $12,295. 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! 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: 1926
  • Effective Year Built: 1933
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: A
  • Construction Type: Wood
  • Building Style: Spanish
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Roll composition
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,553
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,041
  • Building Area: 2,041
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 2,041
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 6790
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 6790 LOT/SEC 158

Ownership

  • Current Owner : MADDEN RICHARD
  • Previous Owner : LIU GRAYCE H
  • Owner Before Previous Owner: STEINMETZ DIANE P
  • Owner Before Previous Owner 2: DIANE P STEINMETZ TRUST
  • Is Owner Occupied: Owner-occupied property
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 194500

Zoning

  • Zoning: LAR1

Geography

  • Assessors Map Reference: 33-E5
  • Subdivision Tract Number: 6790
  • Parcel: 5514-007-023
  • Lot: 158
  • Municipality: WEST /WEST HOLLYWOOD
  • Latitude: 34.078
  • Longitude: -118.366

    Address

  • Full Address: 8088 Oakwood Ave
  • Address - House Number: 8088
  • Address - Street Name: Oakwood
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C001
  • 4-Digit Zip Code: 2254
  • Zip Code: 90048

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,295
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2314
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 2,275,835
  • High Value: 2,802,526
  • Low Value: 1,749,144

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $1,369,000
  • First Open Lien Mortgage Lender: NEW AMERICAN FUNDING
  • First Open Lien Mortgage Recording Date: Aug 29, 2017
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $930,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2047
  • Second Open Lien Mortgage Lender: UNION BANK OF CALIFORNIA NA
  • Second Open Lien Mortgage Recording Date: Nov 13, 2006
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $329,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Nov 13, 2036
  • Third Open Lien Mortgage Lender: MUFG UNION BANK NA
  • Third Open Lien Mortgage Recording Date: Oct 31, 2018
  • Third Open Lien Mortgage Financing Type: Variable
  • Third Open Lien Mortgage Loan Amount: $110,000
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Third Open Lien Mortgage Loan Due Date: Nov 15, 2048

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,052,153
  • Assessed Land Value: $669,065
  • Assessed Improvements Value: $383,088

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 09, 1999
  • Current Sale Recording Date: Sep 14, 1999
  • Current Sale Transaction ID: 1032670034
  • Current Sale Price: $532,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 99-1744053
  • Previous Sale Recording Date: Apr 04, 1996
  • Previous Sale Contract Date: Apr 01, 1996
  • Previous Sale Amount: $360,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: HEADLANDS MTG COMPANY
  • First Mortgage Transaction Date: Sep 14, 1999
  • First Mortgage Loan Amount: $425,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Oct 01, 2029
  • Second Mortgage Loan Amount: $53,200

    Previous Mortgages

  • Previous Mortgage Lender: WORLD S/L
  • Previous Mortgage Transaction Date: Apr 04, 1996
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $276,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Apr 15, 2026

About Central LA



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Frequently Asked Questions

What neighborhood is 8088 Oakwood Avenue located in?
The 8088 Oakwood 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 8088 Oakwood Avenue?
The average sales price for units in 8088 Oakwood Avenue is $0 currently.

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