NOT LISTED FOR SALE

1159 E 78th St Los Angeles, CA 90001

Estimated Value: $818,096 - $1,005,000

8 Beds
4 Baths
2,616 Sq Ft
$352/Sq Ft Est. Value

Last Sold April 27, 2018

Last sale price $610,000 $233 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $5,800/month

12 Days on Market

About This Home

As of April 2018

HUGE Opportunity!Both units Vacant and Non Rent Control part of Los Angeles!!! Live in one and rent the other. Or join the shared economy and list it on AirBnB!!Non Rent Control! Lots of options here. Offering an Xtra large duplex. Each unit is ample with 4 bedrooms, 2 bath, and 2 stories each.Laundry hookups in each unit. Beautifully renovated kitchens, new bathrooms, tile and laminated floors. New carport in the back for safe and secure parking. New iron fence in front and back of the property adds to the curb appeal. Walk to shops and close to downtown and USC. Call for an appointment and make an offer!

Last Agent to Sell the Property

Norma Esproles

Elevate Real Estate Agency License #01318625 Listed on: 02/16/2018

Elevate Real Estate Agency

Last Buyer's Agent

Carlos Arce

Home Source Real Estate License #01887822

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,440

Year Built

  • Built in 1970

Lot Details

  • 4,962 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Detached Carport Space
  • Parking Available

Home Design

  • 2,616 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tax Lot 128
  • Tax Tract Number 5450
  • Assessor Parcel Number 6024015019

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Fuel Expense $500
  • Insurance Expense $1,200
  • Trash Expense $500
  • Water Sewer Expense $500
  • New Taxes Expense $4,556
  • Operating Expense $7,756
  • Gross Income $57,600
  • Net Operating Income $49,844

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,440

Year Built

Built in 1970

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 500.00
  • Zoning: LCR3YY
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6024015019
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 233.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4962.00

Multi Family

  • Electric Expense: 500.00
  • Fuel Expense: 500.00
  • Gross Income: 57600.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 49844.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 7756.00
  • Rent Control: No
  • Total Expenses: 7756.00

Tax Info

  • New Taxes Expense: 4556.00
  • Tax Census Tract: 5350.01
  • Tax Lot: 128
  • Tax Tract Number: 5450

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2018
Closed on
Apr 24, 2018
Sold by
78Th Investments
Bought by
Herrera Luis Ali and Saenz Herrera Evelyn Catherine
Seller's Agent
Norma Esproles
Elevate Real Estate Agency
Buyer's Agent
Carlos Arce
Home Source Real Estate
List Price
$610,000
Sold Price
$610,000
Current Estimated Value
$920,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,024
Avg. Annual Appreciation
5.76%
Original Mortgage
$410,000
Outstanding Balance
$354,101
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$565,923

Purchase Details

Closed on
May 12, 2006
Sold by
Alegria Luis
Bought by
78Th Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,500
Interest Rate
1.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 11, 2005
Sold by
Alegria Luis
Bought by
78Th Investments

Purchase Details

Closed on
Apr 16, 2002
Sold by
New Century Comm Service Development Inc
Bought by
Alegria Luis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.13%

Purchase Details

Closed on
Aug 24, 2001
Sold by
B Squared Inc
Bought by
New Century Comm Service Development Inc

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
7.21%

Purchase Details

Closed on
Jul 16, 2001
Sold by
Descartes Financial Corp
Bought by
Labow Frumeh and Estate Of Charles Thomas

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
7.21%

Purchase Details

Closed on
Jun 21, 2001
Sold by
Labow Frumeh and Estate Of Charles Thomas
Bought by
B Squared Inc
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
Herrera Luis Ali $610,000 Wfg Title Company Of Califor
78Th Investments -- Accommodation
Alegria Luis -- United Independent Title
78Th Investments -- --
Alegria Luis J $245,000 Lawyers Title Company
New Century Comm Service Development Inc $142,500 Fidelity Title
Labow Frumeh -- Old Republic Title Company
B Squared Inc $143,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herrera Luis Ali $410,000
Previous Owner 78Th Investments $52,000
Previous Owner Alegria Luis $395,500
Previous Owner Alegria Luis J $248,400
Previous Owner Alegria Luis J $196,000
Previous Owner New Century Comm Service Development Inc $12,737
Previous Owner New Century Comm Service Development Inc $160,000
Closed Alegria Luis J $36,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2018 04/27/18 Sold $610,000 0.0% $233 / Sq Ft
02/16/2018 02/16/18 For Sale $610,000 -- $233 / 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 $9,440 $694,070 $318,589 $375,481
2024 $9,440 $680,462 $312,343 $368,119
2023 $9,113 $667,120 $306,219 $360,901
2022 $8,693 $654,040 $300,215 $353,825
2021 $8,590 $641,217 $294,329 $346,888
2019 $8,329 $622,200 $285,600 $336,600
2018 $4,770 $318,081 $132,424 $185,657
2016 $4,556 $305,732 $127,283 $178,449
2015 $4,491 $301,141 $125,372 $175,769
2014 $4,494 $295,243 $122,917 $172,326
Source: Public Records

Agents Affiliated with this Home

  • Norma Esproles

    Seller's Agent in 2018

    Norma Esproles

    Elevate Real Estate Agency

    (909) 732-3014

    19 Total Sales

    Norma Esproles
    Section Image

  • C

    Buyer's Agent in 2018

    Carlos Arce

    Home Source Real Estate

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG18037561

California Regional Multiple Listing Service (CRMLS)

APN: 6024-015-019

California Los Angeles County Los Angeles 90001

1159 E 78th St, Los Angeles, CA

This home is located at 1159 E 78th St, Los Angeles, CA 90001 since 16 February 2018 and is currently estimated at $920,024, approximately $351 per square foot. This property was built in 1970. 1159 E 78th St is a home located in Los Angeles County with nearby schools including Parmelee Avenue Elementary School, Charles Drew 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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