NOT LISTED FOR SALE

116 W 62nd St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $630,000 - $858,000

3 Beds
2 Baths
1,716 Sq Ft
$424/Sq Ft Est. Value

Last Sold November 21, 2014

Last sale price $285,000 $166 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $4,297/month

11 Days on Market

About This Home

As of November 2014

!!!!!!!ATTENTION INVESTORS & AGENTS!!!!!!! Here is the chance to own this great income property, located in a good residential area. Property features a huge front unit with 2 beds & 1 bath with over 1,200 sqft. Property has a formal living and dining room plus a good size kitchen and all with title flooring , also it has 2 spacious bedrooms with carpet. Bathroom is a good size with tile as well. Front unit is collecting $1,430 PER MONTH. This front unit is in great condition and back unit is 1 bed & 1 bath collecting $849 per month. Tenant in the back unit is under eviction process and it will be vacant at COE.

Last Agent to Sell the Property

David Guizado

First Family Homes License #01490126 Listed on: 10/21/2014

Last Buyer's Agent

Carlos Estrada

Liberty Investment Group License #01413560

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,372

Year Built

  • Built in 1920

Lot Details

  • 5,121 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Parking Spaces

Home Design

  • 1,716 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 158
  • Tax Tract Number 2
  • Assessor Parcel Number 6005020008

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • New Taxes Expense $5,116
  • Gross Income $2,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,372

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Other Phone Description: 5628225397
  • Other Phone Number: 5628225397
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 6005020008
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 166.08
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5121.00
  • Lot Size Acres: 0.1180

Multi Family

  • Gross Income: 2280.00
  • Gross Scheduled Income: 27360.00
  • Lot Size Area: 5121.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 5116.00
  • Tax Lot: 158
  • Tax Tract Number: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2014
Closed on
Nov 4, 2014
Sold by
Electron Investments Llc
Bought by
Rlc Holdings Corp
Seller's Agent
David Guizado
First Family Homes
Buyer's Agent
Carlos Estrada
Liberty Investment Group
List Price
$270,000
Sold Price
$285,000
Premium/Discount to List
$15,000
5.56%
Current Estimated Value
$727,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$442,361
Avg. Annual Appreciation
9.05%
Original Mortgage
$185,250
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 21, 2011
Sold by
Dalili Nader
Bought by
Electron Investments Llc

Purchase Details

Closed on
Jan 10, 2011
Sold by
Shanjani Ziba
Bought by
Dalili Nader

Purchase Details

Closed on
Dec 29, 2010
Sold by
Matias Daniel
Bought by
Dalili Nader

Purchase Details

Closed on
May 14, 2007
Sold by
Vomer Llc
Bought by
Matias Daniel

Purchase Details

Closed on
Mar 16, 2006
Sold by
Matias Miriam
Bought by
Matias Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 10, 2006
Sold by
Campbell Gomer L
Bought by
Vomer Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 21, 2006
Sold by
Campbell Gomer L
Bought by
Vomer Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 15, 2006
Sold by
Vomer Llc
Bought by
Matias Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 12, 2005
Sold by
Aa Action Llc
Bought by
Campbell Gomer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 29, 2004
Sold by
Johnson Tyrone
Bought by
Aa Action Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 23, 1999
Sold by
Crathers Stella W
Bought by
Johnson Joe L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.99%

Purchase Details

Closed on
Jan 12, 1998
Sold by
Johnson Joe L
Bought by
Johnson Joe L and Crathers Stella W
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rlc Holdings Corp $285,000 Chicago Title Company
Electron Investments Llc -- None Available
Dalili Nader -- Lawyers Title La
Dalili Nader $175,000 Lawyers Title
Matias Daniel -- None Available
Matias Daniel -- Stewart Title Of Ca Inc
Vomer Llc -- None Available
Vomer Llc -- None Available
Matias Daniel $470,000 Stewart Title Of Ca Inc
Campbell Gomer L $373,000 Stewart Title Of Ca Inc
Aa Action Llc $265,000 Stewart Title Company
Johnson Tyrone -- Stewart Title
Johnson Joe L -- First American Title Co
Johnson Joe L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rlc Holdings Corp $447,000
Open Rlc Holdings Corp $3,333,000
Closed Rlc Holdings Corp $185,250
Previous Owner Electron Investments Llc $75,000
Previous Owner Electron Investments Llc $200,000
Previous Owner Vomer Llc $94,000
Previous Owner Matias Daniel $376,000
Previous Owner Campbell Gomer L $37,000
Previous Owner Aa Action Llc $80,000
Previous Owner Campbell Gomer L $296,000
Previous Owner Aa Action Llc $286,000
Previous Owner Johnson Joe L $130,000
Previous Owner Johnson Joe L $130,000
Previous Owner Johnson Joe L $10,000
Previous Owner Johnson Joe L $120,000
Previous Owner Johnson Joe L $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2014 11/21/14 Sold $285,000 +5.6% $166 / Sq Ft
11/01/2014 11/01/14 Pending -- -- --
10/21/2014 10/21/14 For Sale $270,000 -- $157 / 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 $4,372 $342,517 $192,291 $150,226
2024 $4,372 $335,802 $188,521 $147,281
2023 $4,292 $329,219 $184,825 $144,394
2022 $4,099 $322,764 $181,201 $141,563
2021 $4,043 $316,437 $177,649 $138,788
2020 $4,080 $313,193 $175,828 $137,365
2019 $3,927 $307,053 $172,381 $134,672
2018 $3,827 $301,033 $169,001 $132,032
2016 $3,646 $289,346 $162,440 $126,906
2015 $3,594 $285,000 $160,000 $125,000
2014 $3,341 $256,681 $131,058 $125,623
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    David Guizado

    First Family Homes

    Section Image
  • Carlos Estrada

    Buyer's Agent in 2014

    Carlos Estrada

    Liberty Investment Group

    (562) 477-8983

    1 in this area

    53 Total Sales

    Carlos Estrada
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW14225713

California Regional Multiple Listing Service (CRMLS)

APN: 6005-020-008

California Los Angeles County Los Angeles 90003 Florence

116 W 62nd St, Los Angeles, CA

This home is located at 116 W 62nd St, Los Angeles, CA 90003 since 21 October 2014 and is currently estimated at $727,361, approximately $423 per square foot. This property was built in 1920. 116 W 62nd St is a home located in Los Angeles County with nearby schools including Mary McLeod Bethune Middle School, Academy For Multiligual Arts And Science At Mervyn M. Dymally High, and Aspire Slauson Academy.

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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