NOT LISTED FOR SALE

1015 E 73rd St Los Angeles, CA 90001

Florence Neighborhood
19 Beds
10 Baths
7,432 Sq Ft
0.25 Acres

Last Sold August 03, 2012

Last sale price $680,000 $91 Per Sq Ft

42 Days on Market

Highlights

  • Bungalow
  • Wood Siding
  • No Heating

About This Home

As of August 2012

Existing income approx 40% below market! Center courtyard style property consisting of 2 single story and 1 two story buildings, unit mix consisting of 3 1 Bdrms, 6 2 Bdrms & 2 3 Bdrms. Property is located on a quiet street consisting mostly of single family residents adjacent to public transportation & stores. Nearly all of the tenants have been long term with below current market rents, good potential upside for new owner. Please do not disturb tenants.

Last Agent to Sell the Property

James Mann

Coldwell Banker Platinum Prop. License #00546945 Listed on: 06/06/2012

Coldwell Banker Platinum Prop.

Last Buyer's Agent

Blake Wilson-Hayden

Blake Wilson-Hayden License #01867048

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 0.25

Home Design

  • 7,432 Sq Ft Home
  • Bungalow
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 10 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot 204
  • Tax Tract Number 6097
  • Assessor Parcel Number 6023004014

Community Details

Overview

  • 3 Buildings
  • 11 Units

Building Details

  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $24,572
  • New Taxes Expense $7,000
  • Gross Income $7,256
  • Net Operating Income $55,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 8.04
  • View: No
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 6023004014
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 91.50

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Multi Family

  • Gross Income: 7256.00
  • Gross Multiplier: 7.92
  • Gross Scheduled Income: 87072.00
  • Net Operating Income: 55500.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 11
  • Operating Expense: 31572.00
  • Other Expense: 24572.00

Tax Info

  • New Taxes Expense: 7000.00
  • Tax Lot: 204
  • Tax Tract Number: 6097

Range of Values:

--
Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2012 08/03/12 Sold $680,000 -1.4% $91 / Sq Ft
07/18/2012 07/18/12 Pending -- -- --
06/06/2012 06/06/12 For Sale $690,000 -- $93 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,617 $1,286,781 $710,274 $576,507
2024 $16,617 $1,261,551 $696,348 $565,203
2023 $16,316 $1,236,816 $682,695 $554,121
2022 $15,602 $1,212,565 $669,309 $543,256
2021 $15,384 $1,188,790 $656,186 $532,604
2019 $14,940 $1,153,531 $636,724 $516,807
2018 $14,740 $1,130,914 $624,240 $506,674
2016 $9,485 $707,358 $166,125 $541,233
2015 $9,360 $696,734 $163,630 $533,104
2014 $9,461 $683,087 $160,425 $522,662
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    James Mann

    Coldwell Banker Platinum Prop.

    Section Image

  • B

    Buyer's Agent in 2012

    Blake Wilson-Hayden

    Blake Wilson-Hayden

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P824497

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90001 Florence

1015 E 73rd St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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