NOT LISTED FOR SALE

1153 E 71st St Los Angeles, CA 90001

Estimated Value: $722,000 - $797,000

4 Beds
2 Baths
1,830 Sq Ft
$415/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $670,000 $366 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,892/month

34 Days on Market

About This Home

As of April 2023

Income Producing Los Angeles Duplex. The property features a three bedroom one bathroom unit and a one bath one bed unit. The property is 100% occupied with tenants paying close to market rent and all of their own utilities. This property offers perspective buyers a stable cash flowing investment with minimal operating expenses.

Last Agent to Sell the Property

Matthew Hopkins

Total Quality Agents License #01819074 Listed on: 02/10/2023

Co-Listed By

William Holmes

Anvil Real Estate License #01914118

Last Buyer's Agent

Jesus Bencomo

Big Block Powerhouse Realty License #01126869

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,420

Year Built

  • Built in 1929

Lot Details

  • 5,811 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,830 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 692
  • Tax Tract Number 5450
  • Assessor Parcel Number 6010013020

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 $1,500
  • Maintenance Expense $400
  • Professional Management Expense $1,500
  • Trash Expense $2,000
  • New Taxes Expense $7,698
  • Operating Expense $13,198
  • Gross Income $47,472
  • Net Operating Income $34,274

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,420

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 349950
  • Professional Management Expense: 1500.00
  • Property Attached: Yes
  • Zoning: LCR3YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6010013020
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 366.12

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 2000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5811.00
  • Lot Size Acres: 0.1334

Multi Family

  • Gross Income: 47472.00
  • Gross Operating Income: 47472.00
  • Gross Scheduled Income: 47472.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 5811.0000 Square Feet
  • Maintenance Expense: 400.00
  • Net Operating Income: 34274.00
  • 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: 13198.00
  • Rent Control: Yes
  • Total Expenses: 13198.00

Tax Info

  • New Taxes Expense: 7698.00
  • Tax Census Tract: 5329.00
  • Tax Lot: 692
  • Tax Tract Number: 5450

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2023
Closed on
Mar 23, 2023
Sold by
Tah 2018-1 Borrower Llc
Bought by
Santiago Ramiro Damian and Damian Mayli Avdell
Seller's Agent
Matthew Hopkins
Total Quality Agents
Buyer's Agent
Jesus Bencomo
Big Block Powerhouse Realty
List Price
$699,900
Sold Price
$670,000
Premium/Discount to List
-$29,900
-4.27%
Views
67
Current Estimated Value
$759,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,588
Avg. Annual Appreciation
4.26%
Original Mortgage
$536,000
Outstanding Balance
$522,208
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$217,088

Purchase Details

Closed on
Apr 18, 2018
Sold by
Tah 2015 1 Borrower Llc
Bought by
Tah 2018 1 Borrower Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,965,000
Interest Rate
4.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2015
Sold by
Turnstone Holding I Lp
Bought by
Tah 2015-1 Borrower Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,274,000
Interest Rate
3.64%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Dec 1, 2013
Closed on
Feb 25, 2014
Sold by
Property Source Llc
Bought by
Turnstone Holding I Lp
Seller's Agent
ANDRE ROGERS
BERKSHIRE HATHAWAY HOMESERVICES CA PROPERTIES
Buyer's Agent
John Chelius
Property Works RE, Inc.
List Price
$310,000
Sold Price
$275,000
Premium/Discount to List
-$35,000
-11.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.96%

Purchase Details

Listed on
Dec 1, 2013
Closed on
Feb 5, 2014
Sold by
Johnson Diane
Bought by
Property Source Llc
Seller's Agent
ANDRE ROGERS
BERKSHIRE HATHAWAY HOMESERVICES CA PROPERTIES
Buyer's Agent
John Chelius
Property Works RE, Inc.
List Price
$310,000
Sold Price
$275,000
Premium/Discount to List
-$35,000
-11.29%

Purchase Details

Closed on
Apr 10, 2006
Sold by
Johnson Diane
Bought by
Johnson Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 1997
Sold by
Rabb Siddie J
Bought by
Johnson Diane

Purchase Details

Closed on
Oct 14, 1993
Sold by
Rabb Siddie J
Bought by
Rabb Siddie J
Source: Public Records

Range of Values:

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Average Value
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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
Santiago Ramiro Damian $670,000 Ticor Title Company
Tah 2018 1 Borrower Llc -- Os National Llc
Tah 2015-1 Borrower Llc -- Fidelity Natl Title Group
Turnstone Holding I Lp -- None Available
Property Source Llc $275,000 Orange Coast Title Company
Johnson Diane -- First American Title Co
Johnson Diane -- First American Title Co
Johnson Diane -- --
Rabb Siddie J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santiago Ramiro Damian $536,000
Closed Santiago Ramiro Damian $536,000
Previous Owner Tah 2018 1 Borrower Llc $339,965,000
Previous Owner Tah 2015-1 Borrower Llc $380,274,000
Previous Owner Johnson Diane $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $670,000 -4.3% $366 / Sq Ft
03/16/2023 03/16/23 Pending -- -- --
02/10/2023 02/10/23 For Sale $699,900 +154.5% $382 / Sq Ft
02/20/2014 02/20/14 Sold $275,000 -11.3% $150 / Sq Ft
12/05/2013 12/05/13 Pending -- -- --
07/29/2013 07/29/13 For Sale $310,000 -- $169 / 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 $9,420 $697,068 $436,968 $260,100
2024 $9,420 $683,400 $428,400 $255,000
2023 $5,473 $365,254 $214,322 $150,932
2022 $5,238 $358,093 $210,120 $147,973
2021 $5,176 $351,072 $206,000 $145,072
2020 $5,210 $347,473 $203,888 $143,585
2019 $5,028 $426,644 $288,631 $138,013
2018 $5,898 $418,279 $282,972 $135,307
2016 $5,648 $402,038 $271,985 $130,053
2015 $4,632 $316,193 $185,534 $130,659
2014 $2,354 $118,396 $13,176 $105,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23013595

California Regional Multiple Listing Service (CRMLS)

APN: 6010-013-020