Seller's Agent in 2017
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
(310) 251-2083
47 Total Sales
1147 E Florence Ave Los Angeles, CA 90001
6
Beds
4
Baths
10,606
Sq Ft
23,100
Sq Ft Lot
Highlights
- 23,100 Sq Ft lot
- 28 Attached Carport Spaces
- Wall Furnace
- Cooling System Mounted To A Wall/Window
About This Home
As of May 2017Listing price includes 2 parcels; 1141 E. Florence [APN: 6010-015-025] and 1147 E. Florence [APN: 6010-015-024]. 34 Units Conveniently located in Southwest Central/Downtown Los Angeles on two separate Large 11,500 sq. ft. lots with unique land use zoning. Its the first time on the market in over 35+ years. Significant Rental Upside. Please do not walk on the Property and do not interact with any of the Tenants. Most units have an assigned Carport. Property is Master Metered. Property has operated as Apartments for past 20+ years. Please call agent for further details about current usage of Property.
East of corner of Florence Ave. and Central Ave. Across the Street from Wells Fargo and Wisdom Elementary School.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01069014 Listed on: 01/23/2017
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1929
Lot Details
- 0.53 Acre Lot
- No Common Walls
- Density is 21-25 Units/Acre
Interior Spaces
- 10,606 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Parking
- 28 Parking Spaces
- 28 Attached Carport Spaces
- Parking Available
- Assigned Parking
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Standard Electricity
Listing and Financial Details
- Tax Lot 786
- Tax Tract Number 5450
- Assessor Parcel Number 6010015024
Community Details
Overview
- 10 Buildings
- 34 Units
Building Details
- 34 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $14,650
- Gardener Expense $1,200
- Insurance Expense $5,303
- Maintenance Expense $17,931
- Professional Management Expense $23,909
- Trash Expense $4,000
- Water Sewer Expense $8,429
- New Taxes Expense $43,742
- Operating Expense $129,163
- Gross Income $314,580
- Net Operating Income $169,688
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 3, 2019
Sold by
Central Florence Llc
Bought by
Sola Impact Fund Ii Lp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,393,750
Outstanding Balance
$2,978,734
Interest Rate
3.7%
Purchase Details
Closed on
Sep 7, 2018
Sold by
Central Florence Llc
Bought by
Central Florence Llc and 4541 Santa Rosalia Drive Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,681,000
Interest Rate
4.6%
Mortgage Type
Construction
Purchase Details
Listed on
Jan 23, 2017
Closed on
May 4, 2017
Sold by
Zec Martha and The 2006 Zec Family Revocable
Bought by
Central Florence Llc and 4541 Santa Rosalia Drive Llc
Seller's Agent
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Logan Altman
Altman Apartments LLC
List Price
$3,000,000
Sold Price
$2,939,100
Premium/Discount to List
-$60,900
-2.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,992,000
Interest Rate
4.14%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 3, 2006
Sold by
Stonawski Alexander
Bought by
Zec Properties Llc
Purchase Details
Closed on
Jun 11, 1999
Sold by
Stijakovic Branko and Stijakovic Jeanette
Bought by
Zec Martha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.4%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sola Impact Fund Ii Lp | $4,525,000 | Fidelity National Title | |
| Central Florence Llc | -- | Old Republic Title Company | |
| Central Florence Llc | $2,939,500 | Old Republic Title Company | |
| Zec Martha | -- | Ortc | |
| Zec Properties Llc | -- | None Available | |
| Zec Martha | -- | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sola Impact Fund Ii Lp | $3,393,750 | |
| Previous Owner | Central Florence Llc | $2,681,000 | |
| Previous Owner | Central Florence Llc | $1,992,000 | |
| Previous Owner | Zec Martha | $160,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/12/2017 05/12/17 | Sold | $2,939,100 | -2.0% | $277 / Sq Ft |
| 02/01/2017 02/01/17 | Pending | -- | -- | -- |
| 01/23/2017 01/23/17 | For Sale | $3,000,000 | -- | $283 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $35,294 | $2,597,406 | $1,640,468 | $956,938 |
| 2024 | $35,294 | $2,546,477 | $1,608,302 | $938,175 |
| 2023 | $34,710 | $2,496,547 | $1,576,767 | $919,780 |
| 2022 | $33,143 | $2,447,596 | $1,545,850 | $901,746 |
| 2021 | $32,779 | $2,399,605 | $1,515,540 | $884,065 |
| 2019 | $25,203 | $1,758,276 | $780,300 | $977,976 |
| 2018 | $24,799 | $1,723,800 | $765,000 | $958,800 |
| 2016 | $6,432 | $174,697 | $77,864 | $96,833 |
| 2015 | $6,358 | $172,074 | $76,695 | $95,379 |
| 2014 | $6,347 | $168,704 | $75,193 | $93,511 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Millea
-
Logan Altman
L
Buyer's Agent in 2017
Logan Altman
Altman Apartments LLC
(310) 903-0222
1 Total Sale
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB17014538
APN: 6010-015-024
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.
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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