NOT LISTED FOR SALE

124 W 116th St Los Angeles, CA 90061

Broadway-Manchester Neighborhood

Estimated Value: $754,000 - $1,174,000

9 Beds
6 Baths
3,653 Sq Ft
$274/Sq Ft Est. Value

Last Sold May 15, 2015

Last sale price $500,000 $137 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $6,097/month

9 Days on Market

About This Home

As of May 2015

Geat performing TRIPLEX! NO RENT CONTROL! Built n 2003 & in Good condition. Next to beautiful newer built homes. 2 car garage + plenty of parking. Don't miss this. Will SELL FAST! Call today.

Last Agent to Sell the Property

Luis Guevara

eXp Realty of Southern CA License #01109164 Listed on: 02/28/2015

eXp Realty of Southern CA

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,733

Year Built

  • Built in 2003

Lot Details

  • 6,507 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • 3,653 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 17
  • Tax Tract Number 3039
  • Assessor Parcel Number 6087006046

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $4,652
  • Net Operating Income $33,496

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,733

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 7.00
  • Property Attached: Yes
  • Property Type: Residential Income
  • Parcel Number: 6087006046
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 136.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6507.00
  • Lot Size Acres: 0.1490

Multi Family

  • Gross Income: 4652.00
  • Gross Multiplier: 8.60
  • Gross Scheduled Income: 55826.00
  • Lot Size Area: 6507.0000 Square Feet
  • Net Operating Income: 33496.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense Percent: 40.00
  • Rent Control: No
  • Total Actual Rent: 4653.00

Tax Info

  • Tax Lot: 17
  • Tax Tract Number: 3039
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2015
Closed on
May 13, 2015
Sold by
Haven Property Fund Iii Llc
Bought by
Monark Lp
Seller's Agent
Luis Guevara
eXp Realty of Southern CA
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$480,000
Sold Price
$500,000
Premium/Discount to List
$20,000
4.17%
Current Estimated Value
$1,002,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$502,667
Avg. Annual Appreciation
6.83%
Original Mortgage
$22,822,000
Outstanding Balance
$17,657,284
Interest Rate
3.64%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$16,669,617

Purchase Details

Closed on
Jul 19, 2011
Sold by
Skkr Llc
Bought by
Haven Property Fund Iii Llc

Purchase Details

Closed on
Aug 24, 2010
Sold by
Soto Narciso
Bought by
Skkr Llc

Purchase Details

Closed on
Jul 20, 2009
Sold by
Soto Narciso
Bought by
Soto Narcisco and Mejia Juan

Purchase Details

Closed on
Aug 1, 2007
Sold by
Leon Guadalupe and Soto Narciso
Bought by
Soto Narciso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,900
Interest Rate
6.46%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 28, 2005
Sold by
Owens Wilbur
Bought by
Soto Narciso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
1.25%
Mortgage Type
Fannie Mae Freddie Mac
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
Monark Lp $3,450,000 Fidelity
Haven Property Fund Iii Llc -- None Available
Skkr Llc -- None Available
Soto Narcisco -- None Available
Soto Narciso -- Commerce Title Company
Soto Narciso $630,000 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monark Lp $380,500
Closed Monark Lp $375,500
Open Monark Lp $22,822,000
Previous Owner Skkr Llc $1,135,000
Previous Owner Soto Narciso $36,900
Previous Owner Soto Narciso $584,000
Previous Owner Soto Narciso $504,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2015 05/15/15 Sold $500,000 +4.2% $137 / Sq Ft
03/09/2015 03/09/15 Pending -- -- --
02/28/2015 02/28/15 For Sale $480,000 -- $131 / 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 $7,733 $576,877 $180,271 $396,606
2024 $7,733 $565,567 $176,737 $388,830
2023 $7,593 $554,478 $173,272 $381,206
2022 $7,265 $543,607 $169,875 $373,732
2021 $7,160 $532,949 $166,545 $366,404
2019 $6,955 $517,143 $161,606 $355,537
2018 $6,799 $507,004 $158,438 $348,566
2016 $6,467 $487,319 $152,287 $335,032
2015 $5,509 $407,589 $146,314 $261,275
2014 $5,534 $399,605 $143,448 $256,157
Source: Public Records

Agents Affiliated with this Home

  • Luis Guevara

    Seller's Agent in 2015

    Luis Guevara

    eXp Realty of Southern CA

    (310) 704-6298

    53 Total Sales

    Luis Guevara
    Section Image

  • N

    Buyer's Agent in 2015

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    3 in this area

    5,838 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS15043069

California Regional Multiple Listing Service (CRMLS)

APN: 6087-006-046

California Los Angeles County Los Angeles 90061 Broadway-Manchester

124 W 116th St, Los Angeles, CA

This home is located at 124 W 116th St, Los Angeles, CA 90061 since 28 February 2015 and is currently estimated at $1,002,667, approximately $274 per square foot. This property was built in 2003. 124 W 116th St is a home located in Los Angeles County with nearby schools including Figueroa Street Elementary School, Washington Primary Center School, and Samuel Gompers Middle School.

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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