$1,175,000
SOLD SEP 17, 2024

1115 E 75th St Los Angeles, CA 90001

10 Beds
5 Baths
3,104 Sq Ft
5,007 Sq Ft Lot

Recently Sold

$379 Per Sq Ft

13% Below List Price

108 Days on Market

Highlights

  • Bungalow
  • Gated Home
  • 1-Story Property

About This Home

As of September 2024

We are pleased to present 1115 E 75th St, a 5-unit bungalow apartment community located in the Florence neighborhood of South Los Angeles, CA. The property, including a fully permitted ADU built in 2022, is comprised of an excellent unit mix of (3) 2 bed/1 Bath units, (1) 3 bed/1 Bath unit and (1) 1 Bed/1 Bath unit. There are currently four (4) Section 8 tenants in-place offering excellent security of income and collections. One unit (2bed/ 1 bath) is currently vacant, allowing an investor to capture market or Section 8 rent immediately. Section 8 Voucher Payment Standards (per HACLA) are currently up to $2,407 for 1-bedroom units, $3,052 for 2-bedroom units, and $3,915 for 3-bedroom units as of 2/2024. The gated property also sits on a 5,007 square feet lot with rear and side alley access and parking for 4 vehicles.1115 E 75th St is centrally located just 4 miles from USC and Downtown with convenient access to the 110 freeway and walkability to local amenities along Central Avenue and Florence Avenue. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2,300-$2,600 and Section 8 Voucher Payment Standards rising up to $3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

Last Agent to Sell the Property

Brandon Evans

Lyon Stahl Investment Real Estate, Inc. License #02058494 Listed on: 05/14/2024

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Sahmon Zoughi

Compass License #01930385

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,317

Year Built

  • Built in 1940

Lot Details

  • 5,007 Sq Ft Lot
  • Gated Home

Home Design

  • Bungalow
  • Split Level Home

Interior Spaces

  • 3,104 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Kitchen

  • Oven or Range
  • Gas and Electric Range

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 6024-005-032

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Vacancy Allowance $4,176

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,317

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: One, Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Building Permit: Yes
  • Living Area: 3104
  • Lot Acreage: 0.1149
  • Probate: No
  • Stories: 1
  • Year Built: 1940
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Appliances: Gas/Electric Range, Range
  • Bedrooms: 10
  • Total Bathrooms: 5.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 410.76

Exterior Features

  • Other Structures: Accessory Bldgs
  • Paved: Yes

Utilities

  • Cooling: Wall/Window
  • Heating: Wall
  • Security: Gated

Lot Info

  • Additions Alterations: Yes
  • Assessor Parcel Number: 6024-005-032
  • Lot Size Area: 5007

Rental Info

  • Total Actual Rent: 139200.00

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 9.16
  • Number Of Units: 5
  • Rent Control: 1
  • Total Annual Expense: 39000
  • Type Of Units: Apartment
  • Vacancy Allow: 4176
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2024
Closed on
Aug 29, 2024
Sold by
Sola Impact Fund Ii Lp
Bought by
Underdog America Llc
Seller's Agent
Brandon Evans
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Sahmon Zoughi
Compass
List Price
$1,350,000
Sold Price
$1,175,000
Premium/Discount to List
-$175,000
-12.96%
Views
22
Current Estimated Value
$1,181,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,524
Avg. Annual Appreciation
0.12%
Original Mortgage
$114,500
Interest Rate
6.73%

Purchase Details

Closed on
Mar 11, 2020
Sold by
B & G Realty Llc
Bought by
Sola Impact Fund Ii Lp

Purchase Details

Listed on
Nov 28, 2016
Closed on
Feb 23, 2017
Sold by
Wilson Hayden Blake M
Bought by
B & G Realty Llc
Seller's Agent
Seidy Figueroa
The Figueroa Real Estate Group
Buyer's Agent
Blake Wilson-Hayden
Blake Wilson-Hayden
List Price
$529,000
Sold Price
$500,000
Premium/Discount to List
-$29,000
-5.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%
Original Mortgage
$375,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 28, 2016
Closed on
Feb 9, 2017
Sold by
Mata Alfred
Bought by
Wilson Hayden Blake M and Wilson Hayden Shayna L
Seller's Agent
Seidy Figueroa
The Figueroa Real Estate Group
Buyer's Agent
Blake Wilson-Hayden
Blake Wilson-Hayden
List Price
$529,000
Sold Price
$500,000
Premium/Discount to List
-$29,000
-5.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2006
Sold by
Gonzalez Oscar
Bought by
Mata Alfredo and Mata Maria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,950
Interest Rate
6.69%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 19, 2000
Sold by
Aguilar Baudelio
Bought by
Gonzalez Oscar

Purchase Details

Closed on
Aug 9, 2000
Sold by
State Street Bank & Trust Company
Bought by
Gonzalez Oscar and Aguilar Baudelio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,544
Interest Rate
7.96%
Mortgage Type
FHA

Purchase Details

Closed on
May 31, 2000
Sold by
Saucedo Gabriel
Bought by
State Street Bank & Trust Company

Purchase Details

Closed on
Nov 29, 1999
Sold by
Saucedo Gabriel
Bought by
Lopez Jose Mario

Purchase Details

Closed on
Jan 14, 1999
Sold by
Brizuela Anthony
Bought by
Saucedo Gabriel and Lopez Jose Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
6.63%

Purchase Details

Closed on
Jul 22, 1998
Sold by
Brizuela Yesenia
Bought by
Brizuela Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,400
Interest Rate
7.17%
Mortgage Type
Assumption

Purchase Details

Closed on
Jun 4, 1998
Sold by
Washington Mutual Bank Fa
Bought by
Brizuela Yesenia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,400
Interest Rate
7.17%
Mortgage Type
Assumption

Purchase Details

Closed on
Jan 27, 1998
Sold by
Lopez Mario
Bought by
Washington Mutual Bank Fa and American Svgs Bank Fa

Purchase Details

Closed on
Oct 21, 1996
Sold by
Lopez Mario
Bought by
Aguilar Guillermo and Zamora Maritza

Purchase Details

Closed on
Apr 6, 1994
Sold by
Lopez Michael
Bought by
Lopez Mario and Lopez Iris C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
4%
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,175,000 Provident Title
Grant Deed $2,175,000 Wfg National Title Co Of Ca
Quit Claim Deed -- None Available
Grant Deed $500,000 Pacific Coast Title Company
Grant Deed $549,900 Advantage Title Inc
Grant Deed -- --
Grant Deed $178,000 Fidelity Title
Trustee Deed $159,300 Landsafe Title
Gift Deed -- --
Grant Deed $255,000 Landsafe Title
Gift Deed -- --
Gift Deed -- --
Grant Deed $143,000 Investors Title Company
Trustee Deed $165,875 Stewart Title
Gift Deed -- --
Interfamily Deed Transfer -- --
Grant Deed $220,000 Progressive Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $881,250 New Conventional
Closed $114,500 No Value Available
Closed $744,250 Construction
Previous Owner $417,000 Commercial
Previous Owner $416,250 Commercial
Previous Owner $375,000 New Conventional
Previous Owner $54,950 Stand Alone Second
Previous Owner $439,600 Purchase Money Mortgage
Previous Owner $43,000 Unknown
Previous Owner $276,250 Unknown
Previous Owner $225,000 Negative Amortization
Previous Owner $176,544 FHA
Previous Owner $242,250 No Value Available
Previous Owner $114,400 Assumption
Previous Owner $176,000 No Value Available
Closed $22,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2024 09/17/24 Sold $1,175,000 -7.8% $379 / Sq Ft
08/30/2024 08/30/24 Pending -- -- --
06/25/2024 06/25/24 Price Changed $1,275,000 -5.6% $411 / Sq Ft
05/14/2024 05/14/24 For Sale $1,350,000 +170.0% $435 / Sq Ft
02/14/2017 02/14/17 Sold $500,000 -5.5% $213 / Sq Ft
12/27/2016 12/27/16 Pending -- -- --
11/28/2016 11/28/16 For Sale $529,000 -- $225 / Sq Ft
Source: The MLS

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 $12,317 $1,175,000 $470,000 $705,000
2024 $12,317 $837,386 $536,099 $301,287
2023 $11,780 $820,968 $525,588 $295,380
2022 $12,041 $804,872 $515,283 $289,589
2021 $8,084 $536,099 $375,269 $160,830
2020 $8,138 $530,603 $371,422 $159,181
2019 $7,858 $520,200 $364,140 $156,060
2018 $7,727 $510,000 $357,000 $153,000
2016 $6,194 $386,000 $179,200 $206,800
2015 $6,175 $386,000 $179,200 $206,800
2014 $6,276 $386,000 $179,200 $206,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-391941

The MLS

APN: 6024-005-032