NOT LISTED FOR SALE

126 E 80th St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $736,726 - $868,000

6 Beds
3 Baths
1,927 Sq Ft
$414/Sq Ft Est. Value

Last Sold July 15, 2021

Last sale price $675,000 $350 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,890/month

70 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Neighborhood Views
  • Laundry Room
  • No HOA
  • Living Room
  • Wrought Iron Fence

About This Home

As of July 2021

Great income opportunity located in one of LA’s hottest rental markets. This TRIPLEX offers two separate buildings. 2 bedrooms & 1 bath at each unit boasts a spacious living area, hardwood floors, and great natural light. Exterior features guest parking, an outdoor patio/yard, and a garden. Strong rental income, low maintenance, with room for upside in rental income. Some system upgrades. Fantastic owner/user potential. All units are separately metered for gas and electricity. Prime Location in Los Angeles near Downtown LA, Staples Center, LA Live, Metro Expo Line, 10/110 Freeways, Exposition Park, Restaurants, & Shops. Great booming location!

Last Agent to Sell the Property

Michael Berdelis

24 Hour Real Estate License #01234589 Listed on: 03/23/2021

Last Buyer's Agent

Michael Berdelis

24 Hour Real Estate License #01234589 Listed on: 03/23/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 4,801 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage
  • Parking Available
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Triplex

Interior Spaces

  • 1,927 Sq Ft Home
  • Living Room
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 72
  • Tax Tract Number 1783
  • Assessor Parcel Number 6030003023

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $800
  • Water Sewer Expense $350
  • New Taxes Expense $8,500
  • Operating Expense $350
  • Gross Income $46,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

6

Listing Details

  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 350.00
  • Zoning: LAR2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6030003023
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 350.29
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Off Street
  • Total Parking Spaces: 6.00

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4801.00
  • Lot Size Acres: 0.1102

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 46200.00
  • Gross Scheduled Income: 3850.00
  • Insurance Expense: 800.00
  • Lot Size Area: 4801.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: Yes
  • Total Actual Rent: 3850.00
  • Total Expenses: 350.00

Tax Info

  • New Taxes Expense: 8500.00
  • Tax Census Tract: 2397.01
  • Tax Lot: 72
  • Tax Tract Number: 1783

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2017
Sold by
Cerda Cesar and Cerda Caesar
Bought by
Cerda Cesar
Current Estimated Value
$798,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Outstanding Balance
$278,211
Interest Rate
4.05%
Mortgage Type
Commercial
Estimated Equity
$520,221

Purchase Details

Closed on
Jun 12, 2017
Sold by
Cerda Cesar
Bought by
Cerda Cesar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Outstanding Balance
$278,211
Interest Rate
4.05%
Mortgage Type
Commercial
Estimated Equity
$520,221

Purchase Details

Closed on
May 1, 2017
Sold by
Villegas Toribio P and Villegas Jacinta S
Bought by
Cerda Caesar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,000
Outstanding Balance
$278,211
Interest Rate
4.05%
Mortgage Type
Commercial
Estimated Equity
$520,221

Purchase Details

Closed on
Dec 20, 2010
Sold by
Villegas Toribio P and Villegas Jacinta S
Bought by
Villegas Toribio P and Villegas Jacinta S

Purchase Details

Closed on
May 6, 2010
Sold by
Velasquez Ana Julia
Bought by
Villegas Toribio P and Villegas Jacinta S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
5.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2008
Sold by
Federal Deposit Insurance Corporation
Bought by
Jpmorgan Chase Bank National Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 2008
Sold by
Jpmorgan Chase Bank National Association
Bought by
Velazquez Ana Julia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 5, 2007
Sold by
Sandoval Jeanette
Bought by
Washington Mutual Bank

Purchase Details

Closed on
Dec 21, 2006
Sold by
Lima Graciela
Bought by
Abreu Jenaro Lima

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,300
Interest Rate
6.22%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 13, 2006
Sold by
Abreu Jenaro Lima
Bought by
Sandoval Jeanette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,200
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2004
Sold by
Valis Abreu Jenaro Lima and Valis Harvey
Bought by
Abreu Jenaro Lima

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2001
Sold by
Dream House Investments Llc
Bought by
Valis Abreau Jenaro Lima and Valis Harvey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,446
Interest Rate
7.04%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 22, 2001
Sold by
Taylor Velma L and The Leon & Velma L Taylor 1993
Bought by
Dream House Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.89%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Aug 18, 1993
Sold by
Taylor Leon and Taylor Velma L
Bought by
Taylor Leon and Taylor Velma L
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
Cerda Cesar -- First American Title Company
Cerda Cesar -- Old Republic Title Company
Cerda Caesar $425,000 First American Title Company
Villegas Toribio P -- None Available
Villegas Toribio P $285,000 Western Resources Title
Jpmorgan Chase Bank National Association -- None Available
Velazquez Ana Julia $300,000 Chicago Title Company
Washington Mutual Bank $509,656 Accommodation
Abreu Jenaro Lima -- Oct La
Sandoval Jeanette $596,500 Orange Coast Title Co La
Abreu Jenaro Lima -- Fidelity Long Beach
Valis Abreau Jenaro Lima $230,000 --
Dream House Investments Llc $150,000 Commonwealth Title
Taylor Leon -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cerda Cesar $335,000
Previous Owner Villegas Toribio P $213,750
Previous Owner Jpmorgan Chase Bank National Association $200,000
Previous Owner Velazquez Ana Julia $200,000
Previous Owner Abreu Jenaro Lima $119,300
Previous Owner Sandoval Jeanette $477,200
Previous Owner Abreu Jenaro Lima $238,000
Previous Owner Valis Abreau Jenaro Lima $226,446
Previous Owner Dream House Investments Llc $156,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2021 07/15/21 Sold $675,000 0.0% $350 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
03/23/2021 03/23/21 For Sale $675,000 -- $350 / 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 $8,922 $716,315 $451,013 $265,302
2024 $8,801 $702,270 $442,170 $260,100
2023 $8,633 $688,500 $433,500 $255,000
2022 $8,236 $675,000 $425,000 $250,000
2021 $5,710 $455,683 $219,800 $235,883
2020 $5,764 $451,012 $217,547 $233,465
2019 $5,543 $442,170 $213,282 $228,888
2018 $5,458 $433,500 $209,100 $224,400
2016 $3,944 $310,761 $184,712 $126,049
2015 $3,889 $306,094 $181,938 $124,156
2014 $3,920 $300,099 $178,375 $121,724
Source: Public Records

Agents Affiliated with this Home

  • Michael Berdelis

    Seller's Agent in 2021

    Michael Berdelis

    24 Hour Real Estate

    (714) 507-6266

    1 in this area

    235 Total Sales

    Michael Berdelis
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21060551

California Regional Multiple Listing Service (CRMLS)

APN: 6030-003-023

California Los Angeles County Los Angeles 90003 Florence

126 E 80th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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