NOT LISTED FOR SALE

1216 W 60th Place Los Angeles, CA 90044

Vermont-Slauson Neighborhood

Estimated Value: $693,000 - $815,000

3 Beds
3 Baths
1,780 Sq Ft
$430/Sq Ft Est. Value

Last Sold August 22, 2014

Last sale price $260,000 $146 Per Sq Ft

Est. 194% increase in value since last sale

Current estimated payment $4,797/month

26 Days on Market

Highlights

  • 2 Car Detached Garage
  • Floor Furnace
  • 1-Story Property

About This Home

As of August 2014

Standard Sale. Charming multi-family. Great investment property - Triplex. Live in one and rent the others. Close to shopping, downtown and freeways. Two units in front and 1 in rear with each unit having 1 bedroom and 1 bath. Detached garage with 2 car parking. DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Alfreda Sanders

Keller Williams Realty License #01939072 Listed on: 05/27/2014

Keller Williams Realty

Last Buyer's Agent

Lezlie Brazil

eXp Realty of California Inc License #01748609

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,248

Year Built

  • Built in 1923

Lot Details

  • 6,431 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,780 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Floor Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 6003-019-009

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,248

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1780
  • Stories: 1
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Total Bathrooms: 3.00
  • Equipment: Dryer, Gas Dryer Hookup, Washer
  • Price Per S Q F T: 167.98

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Roof: Asphalt
  • View: No

Garage/Parking

  • Garage Spaces: 2
  • Garage Structures: 1
  • Parking Garage: Detached, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Water Heater: Gas
  • Heating: Floor Furnace
  • Number Electric Meters: 3
  • Number Gas Meters: 3
  • Water Heaters: Yes

Fee Information

  • Maintenance Expense: 42.00

Lot Info

  • Assessed Improvement Value: 45900
  • Assessed Land Value: 183600
  • Assessor Parcel Number: 6003-019-009
  • Geocode Override: No
  • Lot Size Area: 6431

Rental Info

  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Type Of Units: 3

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2019
Sold by
Ruiz Alejandra
Bought by
Ruiz James
Current Estimated Value
$765,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Outstanding Balance
$188,686
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$576,647

Purchase Details

Listed on
May 27, 2014
Closed on
Jul 30, 2014
Sold by
Warren Araki Jones Revocable Living Trus
Bought by
Pyramid Investments Inc
Seller's Agent
Alfreda Sanders
Keller Williams Realty
Buyer's Agent
Lezlie Brazil
eXp Realty of California Inc
List Price
$299,000
Sold Price
$260,000
Premium/Discount to List
-$39,000
-13.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.13%
Original Mortgage
$215,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2011
Sold by
The William J Jones Living Trust
Bought by
Jones Warren Araki and Warren Araki Jones Revocable L

Purchase Details

Closed on
Sep 11, 2001
Sold by
Jones William Joseph
Bought by
The William J Jones Living Trust

Purchase Details

Closed on
Aug 16, 2001
Sold by
Jones William J
Bought by
The William J Jones Living Trust
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
Ruiz James -- Lawyers Title La
Ruiz James -- Lawyers Title La
Pyramid Investments Inc $260,000 Fidelity Natl Title Ins Co
Jones Warren Araki -- None Available
The William J Jones Living Trust -- --
The William J Jones Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruiz James $215,000
Previous Owner Pyramid Investments Inc $215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2014 08/22/14 Sold $260,000 -13.0% $146 / Sq Ft
06/22/2014 06/22/14 Pending -- -- --
05/27/2014 05/27/14 For Sale $299,000 -- $168 / 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 $9,248 $754,611 $645,248 $109,363
2024 $9,248 $739,816 $632,597 $107,219
2023 $9,075 $725,311 $620,194 $105,117
2022 $8,662 $711,090 $608,034 $103,056
2021 $8,551 $697,148 $596,112 $101,036
2020 $3,785 $285,719 $197,806 $87,913
2019 $3,645 $280,118 $193,928 $86,190
2018 $3,580 $274,626 $190,126 $84,500
2016 $3,415 $263,965 $182,745 $81,220
2015 $3,369 $260,000 $180,000 $80,000
2014 $3,104 $230,541 $184,433 $46,108
Source: Public Records

Agents Affiliated with this Home

  • Alfreda Sanders

    Seller's Agent in 2014

    Alfreda Sanders

    Keller Williams Realty

    (323) 230-3278

    5 Total Sales

    Alfreda Sanders
    Section Image
  • Lezlie Brazil

    Buyer's Agent in 2014

    Lezlie Brazil

    eXp Realty of California Inc

    (310) 991-4263

    3 Total Sales

    Lezlie Brazil
    Section Image
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Map

Source: The MLS

MLS Number: 14-764459

The MLS

APN: 6003-019-009

California Los Angeles County Los Angeles 90044 Vermont-Slauson

1216 W 60th Place, Los Angeles, CA

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