NOT LISTED FOR SALE

1221 E 78th St Los Angeles, CA 90001

Florence-Graham Neighborhood

Estimated Value: $508,000 - $694,222

3 Beds
2 Baths
1,261 Sq Ft
$472/Sq Ft Est. Value

Last Sold July 07, 2023

Last sale price $440,000 $349 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,683/month

38 Days on Market

About This Home

As of July 2023

Great duplex in the city of Los Angeles, this unique opportunity is for someone looking to invest in real estate. The property features two separate units with their own entrances. The front unit has two bedrooms and one bathroom, the kitchen was recently upgraded. The second unit has one bedroom and one bathroom.

Last Agent to Sell the Property

Jasmin Duran

Keller Williams Coastal Prop License #01509666 Listed on: 04/18/2023

Keller Williams Coastal Prop

Last Buyer's Agent

Jasmin Duran

Keller Williams Coastal Prop License #01509666 Listed on: 04/18/2023

Keller Williams Coastal Prop

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,459

Year Built

  • Built in 1906

Lot Details

  • 4,749 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,261 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 1273
  • Tax Tract Number 5450
  • Assessor Parcel Number 6024016028
  • $1,048 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $180
  • Insurance Expense $200
  • Trash Expense $125
  • Water Sewer Expense $250
  • Operating Expense $755

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,459

Year Built

Built in 1906

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 274500
  • Property Attached: No
  • Water Sewer Expenses: 250.00
  • Zoning: LCR3*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6024016028
  • Year Built: 1906
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: front door
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 348.93

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 125.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 4749.00
  • Lot Size Acres: 0.1090

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 180.00
  • Insurance Expense: 200.00
  • Lot Size Area: 4749.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Expenses: 755.00

Tax Info

  • Tax Census Tract: 5350.01
  • Tax Lot: 1273
  • Tax Tract Number: 5450
  • TaxOtherAnnualAssessmentAmount: 1048.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2023
Closed on
Aug 14, 2023
Sold by
Contreras Basilisa and Fuentes Maria Estela
Bought by
Contreras Basilisa
Seller's Agent
Jasmin Duran
Keller Williams Coastal Prop
Buyer's Agent
Jasmin Duran
Keller Williams Coastal Prop
List Price
$549,000
Sold Price
$440,000
Premium/Discount to List
-$109,000
-19.85%
Views
32
Current Estimated Value
$595,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,056
Avg. Annual Appreciation
14.03%

Purchase Details

Closed on
Jul 27, 1993
Sold by
Virgen Francisco A and Virgen Ines
Bought by
Virgen Marco A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,000
Interest Rate
7.25%
Source: Public Records

Range of Values:

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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
Contreras Basilisa -- None Listed On Document
Virgen Marco A -- Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Virgen Marco A $89,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2023 07/07/23 Sold $440,000 -19.9% $349 / Sq Ft
06/01/2023 06/01/23 For Sale $549,000 +24.8% $435 / Sq Ft
05/28/2023 05/28/23 Off Market $440,000 -- --
05/28/2023 05/28/23 For Sale $549,000 +24.8% $435 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
04/21/2023 04/21/23 Off Market $440,000 -- --
04/18/2023 04/18/23 For Sale $549,000 -- $435 / 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 $6,459 $448,800 $326,400 $122,400
2024 $6,459 $440,000 $320,000 $120,000
2023 $6,830 $485,705 $378,486 $107,219
2022 $2,946 $172,049 $83,646 $88,403
2021 $2,909 $168,676 $82,006 $86,670
2020 $2,922 $166,948 $81,166 $85,782
2019 $2,832 $163,675 $79,575 $84,100
2018 $2,752 $160,466 $78,015 $82,451
2016 $2,635 $154,237 $74,987 $79,250
2015 $2,598 $151,921 $73,861 $78,060
2014 $2,603 $148,946 $72,415 $76,531
Source: Public Records

Agents Affiliated with this Home

  • Jasmin Duran

    Seller's Agent in 2023

    Jasmin Duran

    Keller Williams Coastal Prop

    (562) 405-9862

    1 in this area

    46 Total Sales

    Jasmin Duran
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS23064874

California Regional Multiple Listing Service (CRMLS)

APN: 6024-016-028

California Los Angeles County Los Angeles 90001 Florence-Graham

1221 E 78th St, Los Angeles, CA

This home is located at 1221 E 78th St, Los Angeles, CA 90001 since 18 April 2023 and is currently estimated at $595,056, approximately $471 per square foot. This property was built in 1906. 1221 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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