NOT LISTED FOR SALE

1214 E 70th St Los Angeles, CA 90001

Estimated Value: $769,000 - $962,000

4 Beds
3 Baths
2,379 Sq Ft
$368/Sq Ft Est. Value

Last Sold December 16, 2019

Last sale price $625,000 $263 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $5,425/month

8 Days on Market

Highlights

  • Laundry Room
  • Rectangular Lot
  • Wall Furnace
  • Tile Flooring

About This Home

As of December 2019

OFFER ACCEPTED. Probate fourplex fixer featuring one 2+1 home and three 1+1 units. Currently only one unit occupied. Great upside potential. One car garage plus two parking spaces. Utility hook ups on three of the four units. Separate gas and electric meters. Appears to be unincorporated LA so buyer to make their own investigation regarding rent control.

Last Agent to Sell the Property

Larry Bovshow

Trust Properties USA,Inc License #00768672 Listed on: 07/26/2019

Co-Listed By

Paul Hargraves

Trust Properties USA,Inc License #01122415

Last Buyer's Agent

Larry Bovshow

Trust Properties USA,Inc License #00768672 Listed on: 07/26/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,864 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 2 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 2,379 Sq Ft Home
  • Decorative Fireplace
  • Living Room with Fireplace
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 625
  • Tax Tract Number 5450
  • Assessor Parcel Number 6010014005

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $62,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Zoning: LCR3YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6010014005
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Fireplace Features: Living Room, Decorative
  • Price Per Square Foot: 262.72

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 5864.00
  • Lot Size Acres: 0.1346

Multi Family

  • Average1 Bed Area: 511 Square Feet
  • Average2 Bed Area: 844 Square Feet
  • Gross Income: 62400.00
  • Gross Multiplier: 9.00
  • Gross Scheduled Income: 5200.00
  • Lot Size Area: 5864.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Actual Rent: 875.00

Tax Info

  • Tax Census Tract: 5329.00
  • Tax Lot: 625
  • Tax Tract Number: 5450

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 23, 2024
Sold by
West Oaks Housing Llc
Bought by
Innovation Equity Partners Llc
Current Estimated Value
$875,305

Purchase Details

Closed on
Aug 20, 2019
Sold by
Williams Gretchen Haywood and Estate Of Margaret Mixon
Bought by
West Oaks Housing Llc

Purchase Details

Closed on
Jan 12, 2005
Sold by
Mixon Margaret Ann
Bought by
Aguayo Sofia
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Innovation Equity Partners Llc -- None Listed On Document
West Oaks Housing Llc $615,000 Usa National Title Co Inc
Aguayo Sofia $20,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2019 12/16/19 Sold $625,000 +11.6% $263 / Sq Ft
08/03/2019 08/03/19 Pending -- -- --
07/26/2019 07/26/19 For Sale $560,000 -- $235 / 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 $10,231 $672,587 $382,774 $289,813
2024 $10,231 $659,400 $375,269 $284,131
2023 $9,732 $646,471 $367,911 $278,560
2022 $9,202 $633,797 $360,698 $273,099
2021 $9,099 $621,371 $353,626 $267,745
2020 $9,162 $615,000 $350,000 $265,000
2019 $2,383 $50,713 $14,476 $36,237
2018 $2,265 $49,720 $14,193 $35,527
2016 $2,171 $47,792 $13,643 $34,149
2015 $2,150 $47,076 $13,439 $33,637
2014 $2,165 $46,155 $13,176 $32,979
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19178000

California Regional Multiple Listing Service (CRMLS)

APN: 6010-014-005