NOT LISTED FOR SALE

1153 E 61st St Los Angeles, CA 90001

9 Beds
9 Baths
9,464 Sq Ft
0.27 Acres

Last Sold October 24, 2016

Last sale price $2,400,000 $254 Per Sq Ft

78 Days on Market

Highlights

  • 11,732 Sq Ft lot
  • Laundry Room
  • 2-minute walk to Bethune Park

About This Home

As of October 2016

PRICE REDUCED////////////NO RENT CONTROL AREA, Wonderful opportunity to own 25 Units Apartment Building consisting of 9 Units 1 bedroom 1 bath and 16 Singles, near schools, shops, transportation, nearby park, vacant lot adjacent in sale parcel # 6008-011-029 , each units has separate gas and electric meter, (no gas and electric meters in 2 Units) property located in very strong rental market, property recently painted, Do not disturbed tenants, drive by only, tenants are unaware of the sale. Excellent opportunity for investor, Ample On Site Parking. Seller very motivated, SUBMIT/////

Last Agent to Sell the Property

Susana Hernandez

Excellence RE Real Estate License #01029371 Listed on: 04/22/2016

Last Buyer's Agent

Susana Hernandez

Excellence RE Real Estate License #01029371 Listed on: 04/22/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 0.27 Acre Lot
  • 1 Common Wall
  • 6008011029

Parking

  • 25 Car Garage

Home Design

  • 9,464 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Dryer

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 79
  • Tax Tract Number 5450
  • Assessor Parcel Number 6008011025

Community Details

Building Details

  • 25 Separate Electric Meters
  • 25 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,200
  • Insurance Expense $3,470
  • Other Expense $3,715
  • Pest Control $750
  • Professional Management Expense $4,800
  • Trash Expense $1,600
  • Water Sewer Expense $7,800
  • New Taxes Expense $18,000
  • Gross Income $17,750

Additional Features

  • 61 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

25

Listing Details

  • Professional Management Expense: 4800.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • Water Sewer Expenses: 7800.00
  • Property Type: Residential Income
  • Parcel Number: 6008011025
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 253.59

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 25.00
  • Total Parking Spaces: 25.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Electric Dryer Hookup, Gas Dryer Hookup, Gas & Electric Dryer Hookup, Individual Room
  • Pest Control Expense: 750.00
  • Trash Expense: 1600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 6008011029
  • Land Lease: No
  • Lot Size Sq Ft: 11732.00
  • Price Per Lot Square Foot: 238.58

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 2200.00
  • Gross Income: 17750.00
  • Gross Scheduled Income: 213000.00
  • Insurance Expense: 3470.00
  • Number Of Separate Electric Meters: 25
  • Number Of Separate Gas Meters: 25
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 61
  • Operating Expense: 86880.00
  • Other Expense: 3715.00
  • Rent Control: No
  • Total Actual Rent: 16950.00

Tax Info

  • New Taxes Expense: 18000.00
  • Tax Lot: 79
  • Tax Tract Number: 5450
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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
10/24/2016 10/24/16 Sold $2,400,000 -18.6% $254 / Sq Ft
04/22/2016 04/22/16 For Sale $2,950,000 -- $312 / 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 $48,219 $3,145,758 $624,688 $2,521,070
2024 $48,219 $3,084,078 $612,440 $2,471,638
2023 $45,945 $3,023,607 $600,432 $2,423,175
2022 $44,036 $2,964,321 $588,659 $2,375,662
2021 $43,335 $2,906,198 $577,117 $2,329,081
2019 $42,128 $2,820,000 $560,000 $2,260,000
2018 $35,632 $2,244,000 $714,000 $1,530,000
2017 $34,956 $2,200,000 $700,000 $1,500,000
2016 $17,411 $721,834 $232,452 $489,382
2015 $17,204 $710,993 $228,961 $482,032
2014 $17,289 $697,066 $224,476 $472,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16084992

California Regional Multiple Listing Service (CRMLS)