NOT LISTED FOR SALE

1210 E 68th St Los Angeles, CA 90001

Estimated Value: $1,104,000 - $1,390,000

11 Beds
5 Baths
3,441 Sq Ft
$373/Sq Ft Est. Value

Last Sold August 27, 2024

Last sale price $1,295,000 $376 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $7,665/month

43 Days on Market

About This Home

As of August 2024

We are pleased to present 1210 E 68thSt, a 5-unit bungalow apartment community located in the Florence neighborhood of South Los Angeles, CA. The property, including a fully permitted ADU built in 2022, is comprised of an excellent unit mix of (2) 2 bed/1 Bath units,(2) 3 bed/1 Bath unit and (1) 1 Bed/1 Bath unit. There are currently five (5) Section 8 tenants in-place offering excellent security of income and collections. The property boasts a current monthly income of $11,729, a 7.74% Cap Rate, and8.88 GRM on current income. Section 8 Voucher Payment Standards (per HACLA) are currently up to $2,407 for1-bedroom units, $3,052 for 2-bedroom units, and $3,915 for3-bedroom units as of 2/2024. The gated property also sits on a 5,390 square feet lot.1210 E 68th St is centrally located just 4 miles from USC and Downtown with convenient access to the 110 freeway and walkability to several schools and local amenities along Central Avenue and Florence Avenue. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2,300-$2,600and Section 8 Voucher Payment Standards rising up to$3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.

Last Agent to Sell the Property

Brandon Evans

Lyon Stahl Investment Real Estate, Inc. License #02058494 Listed on: 05/14/2024

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Brittney Noble

LPT Realty,Inc License #02215432

LPT Realty,Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 5,390 Sq Ft Lot

Home Design

  • Bungalow
  • Entry on the 1st floor

Interior Spaces

  • 3,441 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Oven or Range

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 6010-010-005

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Vacancy Allowance $4,222

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: One, Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Building Permit: Yes
  • Entry Floor: 1
  • Living Area: 3441
  • Lot Acreage: 0.1237
  • Probate: No
  • Stories: 1
  • Year Built: 1941
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Bedrooms: 11
  • Total Bathrooms: 5.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 353.10

Exterior Features

  • Other Structures: None

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Additions Alterations: Yes
  • Assessor Parcel Number: 6010-010-005
  • Lot Size Area: 5390

Rental Info

  • Total Actual Rent: 140748.00

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 8.63
  • Number Of Units: 5
  • Type Of Units: Apartment
  • Vacancy Allow: 4222
  • Vacancy Allow Percent: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2024
Closed on
Aug 7, 2024
Sold by
Sola Impact Fund Ii Lp
Bought by
Peralta Joseph and White Warren
Seller's Agent
Brandon Evans
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Brittney Noble
LPT Realty,Inc
List Price
$1,250,000
Sold Price
$1,295,000
Premium/Discount to List
$45,000
3.6%
Views
12
Current Estimated Value
$1,284,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,743
Avg. Annual Appreciation
-0.62%
Original Mortgage
$1,295,000
Outstanding Balance
$1,280,402
Interest Rate
6.89%
Mortgage Type
VA
Estimated Equity
$3,855

Purchase Details

Listed on
Jul 6, 2018
Closed on
Aug 28, 2018
Sold by
Hollyvale Rental Holdings Llc
Bought by
Sola Impact Fund Ii Lp
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Carlos Estrada
Liberty Investment Group
List Price
$679,900
Sold Price
$679,000
Premium/Discount to List
-$900
-0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.38%

Purchase Details

Listed on
Sep 4, 2015
Closed on
Jan 11, 2016
Sold by
Herrera Rosa
Bought by
Hollyvale Rental Holdings Llc
Seller's Agent
carlos bobbio
Santander Inc
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$340,000
Sold Price
$340,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.34%

Purchase Details

Closed on
Jan 31, 2002
Sold by
Herrera Rosa and Villapaz Josefina
Bought by
Herrera Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,000
Interest Rate
7.13%

Purchase Details

Closed on
Feb 18, 2001
Sold by
Herrera Rosa
Bought by
Herrera Rosa and Villalaz Josefina

Purchase Details

Closed on
Sep 28, 1998
Sold by
Herrera Rosa and Pedroza Miguel
Bought by
Herrera Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,628
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 22, 1998
Sold by
Padilla Steven
Bought by
Herrera Rosa and Pedroza Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,628
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 12, 1998
Sold by
Jacobs Donna
Bought by
Padilla Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
6.97%

Purchase Details

Closed on
Sep 26, 1997
Sold by
London Charles H and Bankers Trust Company
Bought by
Bankers Trust Company

Purchase Details

Closed on
Jul 8, 1992
Sold by
London Charles H
Bought by
Williams Edna L and London Lindsay P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Peralta Joseph $1,295,000 Provident Title
Sola Impact Fund Ii Lp $679,000 Usa National Title Co
Hollyvale Rental Holdings Llc $374,000 Accommodation
Herrera Rosa -- Fidelity National Title
Herrera Rosa -- --
Herrera Rosa -- --
Herrera Rosa $220,000 Fidelity National Title Ins
Padilla Steven -- First Southwestern Title Co
Padilla Steven $115,000 First Southwestern Title Co
Bankers Trust Company $130,995 First Southwestern Title Co
Williams Edna L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peralta Joseph $1,295,000
Previous Owner Herrera Rosa $211,000
Previous Owner Herrera Rosa $212,628
Previous Owner Padilla Steven $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/27/2024 08/27/24 Sold $1,295,000 +6.6% $376 / Sq Ft
06/26/2024 06/26/24 Pending -- -- --
06/25/2024 06/25/24 Price Changed $1,215,000 -2.8% $353 / Sq Ft
05/14/2024 05/14/24 For Sale $1,250,000 +84.1% $363 / Sq Ft
08/31/2018 08/31/18 Sold $679,000 -0.1% $254 / Sq Ft View Prior Sale
08/16/2018 08/16/18 Pending -- -- --
08/10/2018 08/10/18 For Sale $679,900 0.0% $254 / Sq Ft
07/30/2018 07/30/18 Pending -- -- --
07/27/2018 07/27/18 For Sale $679,900 0.0% $254 / Sq Ft
07/19/2018 07/19/18 Pending -- -- --
07/06/2018 07/06/18 For Sale $679,900 +100.0% $254 / Sq Ft
01/22/2016 01/22/16 Sold $340,000 0.0% $127 / Sq Ft View Prior Sale
09/08/2015 09/08/15 Pending -- -- --
09/04/2015 09/04/15 For Sale $340,000 -- $127 / Sq Ft
Source: The MLS

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 $11,238 $1,295,000 $810,000 $485,000
2024 $11,238 $742,581 $317,155 $425,426
2023 $10,720 $728,022 $310,937 $417,085
2022 $10,257 $713,748 $304,841 $408,907
2021 $10,026 $699,754 $298,864 $400,890
2020 $10,096 $692,580 $295,800 $396,780
2019 $9,736 $679,000 $290,000 $389,000
2018 $8,053 $535,806 $260,100 $275,706
2016 $5,295 $314,577 $130,087 $184,490
2015 $5,222 $309,852 $128,133 $181,719
2014 $5,232 $303,784 $125,624 $178,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-391957

The MLS

APN: 6010-010-005