NOT LISTED FOR SALE

1216 E 78th St Los Angeles, CA 90001

Estimated Value: $480,779

0.13 Acre
$3,756,086 Price per Acre
5,574 Sq Ft Lot

Last Sold February 23, 2023

Last sale price $300,000

Est. 60% increase in value since last sale

Current estimated payment $3,274/month

31 Days on Market

About This Lot

As of February 2023

Excellent location! Great Investment Opportunity.

Last Agent to Sell the Property

Martha Lozano

Balboa Real Estate, Inc License #01337104 Listed on: 12/09/2022

Balboa Real Estate, Inc

Last Buyer's Agent

NoEmail NoEmail

None MRML License #N/A

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,858

Lot Details

  • 5,574 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned LCM1*

Listing and Financial Details

  • Tax Lot 1307
  • Tax Tract Number 5450
  • Assessor Parcel Number 6024017055
  • $495 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Exterior Lighting

Property Details

Property Type

Land

Est. Annual Taxes

$7,858

Lot Details

0

Listing Details

  • View: No
  • Zoning: LCM1*
  • Property Type: Land
  • Parcel Number: 6024017055
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 53.82

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5574.00
  • Lot Size Acres: 0.1280
  • Latitude Manual: 33.96784100

Multi Family

  • Lot Size Area: 5574.0000 Square Feet

Tax Info

  • Tax Census Tract: 5351.01
  • Tax Lot: 1307
  • Tax Tract Number: 5450
  • TaxOtherAnnualAssessmentAmount: 495.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2024
Sold by
Associates Ns Llc
Bought by
Dmf Investments Llc
Total Days on Market
31
Current Estimated Value
$480,779

Purchase Details

Closed on
Dec 4, 2023
Sold by
Sp Homes Company Llc
Bought by
Associates Ns Llc

Purchase Details

Listed on
Dec 9, 2022
Closed on
Feb 16, 2023
Sold by
California Real Estate Solutions Inc
Bought by
Sp Homes Company Llc
Seller's Agent
Martha Lozano
Balboa Real Estate, Inc
Buyer's Agent
NoEmail NoEmail
None MRML
List Price
$399,999
Sold Price
$300,000
Premium/Discount to List
-$99,999
-25%
Views
144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.62%

Purchase Details

Listed on
Dec 9, 2022
Closed on
Feb 15, 2023
Sold by
Araujo Joe and Garcia Rosalba Arreola
Bought by
California Real Estate Solutions Inc
Seller's Agent
Martha Lozano
Balboa Real Estate, Inc
Buyer's Agent
NoEmail NoEmail
None MRML
List Price
$399,999
Sold Price
$300,000
Premium/Discount to List
-$99,999
-25%
Views
144

Purchase Details

Closed on
Apr 10, 2001
Sold by
Casillas Humberto Diaz and Casillas Sylvia
Bought by
Araujo Joe
Source: Public Records

Range of Values:

Collateral Analytics

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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
Dmf Investments Llc -- None Listed On Document
Associates Ns Llc -- None Listed On Document
Sp Homes Company Llc $420,000 Netco Title
California Real Estate Solutions Inc $300,000 Netco Title
Araujo Joe $186,500 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dmf Investments Llc $525,000
Open Dmf Investments Llc $1,000,000
Previous Owner Araujo Joe $413,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2023 02/23/23 Sold $300,000 -25.0% --
01/26/2023 01/26/23 For Sale $399,999 +33.3% --
01/25/2023 01/25/23 Off Market $300,000 -- --
12/09/2022 12/09/22 For Sale $399,999 -- --
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 $7,858 $673,200 $673,200 --
2024 $7,858 $620,000 $620,000 --
2023 $1,551 $88,378 $87,693 $685
2022 $1,492 $86,646 $85,974 $672
2021 $1,481 $84,948 $84,289 $659
2020 $1,488 $84,078 $83,425 $653
2019 $1,446 $82,431 $81,790 $641
2018 $1,311 $80,816 $80,187 $629
2016 $1,266 $77,679 $77,074 $605
2015 $1,251 $76,513 $75,917 $596
2014 $1,256 $75,015 $74,430 $585
Source: Public Records

Agents Affiliated with this Home

  • Martha Lozano

    Seller's Agent in 2023

    Martha Lozano

    Balboa Real Estate, Inc

    (949) 525-5754

    1 in this area

    6 Total Sales

    Section Image

  • N

    Buyer's Agent in 2023

    NoEmail NoEmail

    None MRML

    (646) 541-2551

    3 in this area

    5,780 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22242077

California Regional Multiple Listing Service (CRMLS)

APN: 6024-017-055

California Los Angeles County Los Angeles 90001

1216 E 78th St, Los Angeles, CA

This home is located at 1216 E 78th St, Los Angeles, CA 90001 since 09 December 2022 and is currently estimated at $480,779. 1216 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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