NOT LISTED FOR SALE

1018 E 78th St Los Angeles, CA 90001

Florence Neighborhood

Estimated Value: $862,000 - $942,000

2 Beds
1 Bath
2,416 Sq Ft
$372/Sq Ft Est. Value

Last Sold April 29, 2016

Last sale price $460,000 $190 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $5,277/month

16 Days on Market

About This Home

As of April 2016

Very nice rental. Features Two, 2 bedroom, 1 bath each and last unit as a 1 bedroom, 1 bath each.
Property is in good condition. Property will be sold as tenant occupied. Conveniently located to shopping, schools and public transportation.
Property sold as-is. Buyer/Buyer's agent to verify all.

Last Agent to Sell the Property

Ana Mkrian

CENTURY 21 REALTY MASTERS License #01829178 Listed on: 03/14/2016

CENTURY 21 REALTY MASTERS

Last Buyer's Agent

Jerry Lim King

Real Estate eBroker Inc. License #01163368

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,759 Sq Ft Lot
  • No Common Walls
  • Lawn
  • Front Yard

Parking

  • 3 Car Garage

Home Design

  • 2,416 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 930
  • Tax Tract Number 6097
  • Assessor Parcel Number 6023029028

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $600
  • Water Sewer Expense $3,000
  • New Taxes Expense $4,239
  • Gross Income $3,650
  • Net Operating Income $40,350

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

3

Listing Details

  • CapRate: 0.08
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 6023029028
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 190.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: Front Yard, Lawn
  • Lot Size Sq Ft: 6759.00
  • Price Per Lot Square Foot: 68.06
  • Lot Size Acres: 0.1550

Multi Family

  • Gross Income: 3650.00
  • Gross Scheduled Income: 43800.00
  • Insurance Expense: 600.00
  • Lot Size Area: 6759.0000 Square Feet
  • Net Operating Income: 40350.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 3450.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 4239.00
  • Tax Lot: 930
  • Tax Tract Number: 6097

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2016
Closed on
Apr 22, 2016
Sold by
King Maribeth G
Bought by
King Jerry Lim
Seller's Agent
Ana Mkrian
CENTURY 21 REALTY MASTERS
Buyer's Agent
Jerry Lim King
Real Estate eBroker Inc.
List Price
$438,888
Sold Price
$460,000
Premium/Discount to List
$21,112
4.81%
Current Estimated Value
$897,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$437,667
Avg. Annual Appreciation
7.16%

Purchase Details

Listed on
Mar 14, 2016
Closed on
Mar 30, 2016
Sold by
Rodriguez Avito and Rodriguez Benita
Bought by
King Jerry Lim
Seller's Agent
Ana Mkrian
CENTURY 21 REALTY MASTERS
Buyer's Agent
Jerry Lim King
Real Estate eBroker Inc.
List Price
$438,888
Sold Price
$460,000
Premium/Discount to List
$21,112
4.81%

Purchase Details

Closed on
Nov 2, 2003
Sold by
Garcia Fernando
Bought by
Rodriguez Avito and Rodriguez Benita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,840
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 5, 2000
Sold by
Garcia Linda M
Bought by
Garcia Fernando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
8.63%

Purchase Details

Closed on
Jun 26, 2000
Sold by
Conti Mtg Corp
Bought by
Garcia Fernando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
8.63%

Purchase Details

Closed on
Nov 4, 1999
Sold by
Saunders Stanley S and Saunders Bertha
Bought by
Contimortgage Corp

Purchase Details

Closed on
Apr 20, 1999
Sold by
Saunders Stanley S and Saunders Bertha
Bought by
Contimortgage Corp

Purchase Details

Closed on
Jun 27, 1995
Sold by
Saunders Stanley Scoggins and Saunders Bertha
Bought by
Saunders Bertha and Saunders Stanley Scoggins

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,000
Interest Rate
7.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
King Jerry Lim -- Wfg National Title Co Of Ca
King Jerry Lim $460,000 Wfg National Title Co Of Ca
Rodriguez Avito $280,000 Ticor Title Co
Garcia Fernando -- Fidelity National Title Co
Garcia Fernando $119,500 Fidelity National Title Co
Contimortgage Corp $160,000 Fidelity National Title Ins
Contimortgage Corp $135,000 Fidelity National Title Ins
Saunders Bertha -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Avito $223,840
Previous Owner Garcia Fernando $133,000
Previous Owner Saunders Bertha $134,000
Closed Rodriguez Avito $55,960
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2016 04/29/16 Sold $460,000 +4.8% $190 / Sq Ft
03/30/2016 03/30/16 Pending -- -- --
03/14/2016 03/14/16 For Sale $438,888 -- $182 / 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 $6,891 $544,540 $189,404 $355,136
2024 $6,891 $533,864 $185,691 $348,173
2023 $6,763 $523,397 $182,050 $341,347
2022 $6,460 $513,135 $178,481 $334,654
2021 $6,373 $503,075 $174,982 $328,093
2020 $6,432 $497,917 $173,188 $324,729
2019 $6,189 $488,155 $169,793 $318,362
2018 $6,057 $478,584 $166,464 $312,120
2016 $4,298 $336,043 $120,100 $215,943
2015 $4,239 $330,996 $118,296 $212,700
2014 $4,271 $324,513 $115,979 $208,534
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Ana Mkrian

    CENTURY 21 REALTY MASTERS

    (323) 722-7700

    1 Total Sale

    Ana Mkrian
    Section Image

  • J

    Buyer's Agent in 2016

    Jerry Lim King

    Real Estate eBroker Inc.

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB16053301

California Regional Multiple Listing Service (CRMLS)

APN: 6023-029-028

California Los Angeles County Los Angeles 90001 Florence

1018 E 78th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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