NOT LISTED FOR SALE

111 E 85th St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $567,800

2 Beds
2 Baths
2,353 Sq Ft
$241/Sq Ft Est. Value

Last Sold November 07, 2012

Last sale price $225,000 $96 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $3,423/month

103 Days on Market

Highlights

  • Fireplace in Bathroom
  • Cottage
  • 4-minute walk to Wall Street Park

About This Home

As of November 2012

Great Income Property, Seller just installed new windows and new stucco at the Single Family. The Corner House is a Commercial used as a Church rent for $ 1,200 which has 2 1/2 bath, and a Single Family Rent for $ 1050 which has 2 bed /1 Bath. Seller is very motivated.

Last Agent to Sell the Property

Jose Ramirez

MAXI REALTY GROUP License #01503703 Listed on: 06/29/2012

MAXI REALTY GROUP

Last Buyer's Agent

Jose Ramirez

MAXI REALTY GROUP License #01503703 Listed on: 06/29/2012

MAXI REALTY GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,767

Year Built

  • Built in 1947

Lot Details

  • 5,565

Parking

  • 2 Parking Spaces

Home Design

  • 2,353 Sq Ft Home
  • Cottage
  • Shingle Roof
  • Pre-Cast Concrete Construction

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom

Additional Features

  • 5,565 Sq Ft Lot
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 186
  • Tax Tract Number 2398
  • Assessor Parcel Number 6030015033

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $100
  • Water Sewer Expense $125
  • New Taxes Expense $1,324
  • Gross Income $2,250
  • Net Operating Income $2,125

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,767

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 8.70
  • Price Per Unit: 117500
  • View: No
  • Water Sewer Expenses: 125.00
  • Architectural Style: Cottage
  • Property Type: Residential Income
  • Parcel Number: 6030015033
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Fireplace Features: Bath
  • Levels: One
  • Price Per Square Foot: 95.62

Exterior Features

  • Roof: Shingle
  • Construction Materials: Concrete

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available

Lot Info

  • Lot Size Sq Ft: 5565.00
  • Lot Size Acres: 0.1280

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 2250.00
  • Gross Scheduled Income: 2250.00
  • Insurance Expense: 100.00
  • Lot Size Area: 5565.0000 Square Feet
  • Net Operating Income: 2125.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 125.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 1324.00
  • Tax Lot: 186
  • Tax Tract Number: 2398
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2012
Closed on
Nov 5, 2012
Sold by
Cabrera Geraldine
Bought by
Sarai Investments Llc
Seller's Agent
Jose Ramirez
MAXI REALTY GROUP
Buyer's Agent
Jose Ramirez
MAXI REALTY GROUP
List Price
$249,900
Sold Price
$225,000
Premium/Discount to List
-$24,900
-9.96%
Current Estimated Value
$567,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,800
Avg. Annual Appreciation
7.38%

Purchase Details

Closed on
Sep 13, 2011
Sold by
Hodges William M and Hodges Dorothy M
Bought by
Cabrera Geraldine

Purchase Details

Closed on
Nov 13, 1998
Sold by
Hodges Aaron
Bought by
Hodges William M

Purchase Details

Closed on
May 12, 1997
Sold by
Gardosh Ada
Bought by
Gardosh Shlomi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
7.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 21, 1997
Sold by
Light Leslie W
Bought by
Light Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
7.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 31, 1997
Sold by
Forrest Mark
Bought by
Hodges Aaron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
7.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 27, 1996
Sold by
Pentecostal Apostolic Faith Church
Bought by
Forrest Mark

Purchase Details

Closed on
Jul 27, 1995
Sold by
Taylor Thorman
Bought by
Wheat Jimmie

Purchase Details

Closed on
Jul 26, 1995
Sold by
Fredericks Addie
Bought by
Taylor Thorman

Purchase Details

Closed on
Apr 17, 1995
Sold by
Taylor Rev Thorman
Bought by
Taylor Barbara

Purchase Details

Closed on
Feb 6, 1995
Sold by
Taylor Rev Thorman
Bought by
Fredericks Addie

Purchase Details

Closed on
Feb 1, 1994
Sold by
Harewood Maude R
Bought by
Carrillo Cloris P

Purchase Details

Closed on
Nov 17, 1993
Sold by
Tillman Myra Luna
Bought by
Pentecoastal Apostolic Faith Church

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
7.21%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Sarai Investments Llc $225,000 Provident Title Company
Cabrera Geraldine $190,000 Lawyers Title
Hodges William M -- Benefit Land Title Company
Gardosh Shlomi -- Continental Title
Light Ruth -- Continental Title
Hodges Aaron $92,000 Continental Title
Forrest Mark $95,245 Stewart Title
Wheat Jimmie -- --
Taylor Thorman -- --
Taylor Barbara -- --
Fredericks Addie -- --
Pentecoastal Apostolic Faith Church -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hodges William M $80,000
Previous Owner Hodges William M $20,000
Previous Owner Hodges William M $13,510
Previous Owner Hodges William M $88,000
Previous Owner Hodges Aaron $68,000
Previous Owner Pentecoastal Apostolic Faith Church $62,000
Closed Hodges Aaron $9,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2012 11/07/12 Sold $225,000 -10.0% $96 / Sq Ft
10/10/2012 10/10/12 Pending -- -- --
06/29/2012 06/29/12 For Sale $249,900 -- $106 / 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 $3,767 $277,060 $153,922 $123,138
2024 $3,767 $271,628 $150,904 $120,724
2023 $3,702 $266,303 $147,946 $118,357
2022 $3,544 $261,083 $145,046 $116,037
2021 $3,491 $255,964 $142,202 $113,762
2019 $3,396 $248,374 $137,985 $110,389
2018 $3,281 $243,505 $135,280 $108,225
2016 $3,119 $234,051 $130,028 $104,023
2015 $3,078 $230,536 $128,075 $102,461
2014 $3,091 $226,021 $125,567 $100,454
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jose Ramirez

    MAXI REALTY GROUP

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: M12081780

California Regional Multiple Listing Service (CRMLS)

APN: 6030-015-033

California Los Angeles County Los Angeles 90003 Florence

111 E 85th St, Los Angeles, CA

This home is located at 111 E 85th St, Los Angeles, CA 90003 since 29 June 2012 and is currently estimated at $567,800, approximately $241 per square foot. This property was built in 1947. 111 E 85th St is a home located in Los Angeles County with nearby schools including South Park Elementary School, Mary McLeod Bethune Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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