NOT LISTED FOR SALE

126 W 85th Place Unit 2 Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $744,000 - $992,000

5 Beds
3 Baths
2,200 Sq Ft
$394/Sq Ft Est. Value

Last Sold April 19, 2016

Last sale price $447,000 $203 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $5,174/month

102 Days on Market

About This Home

As of April 2016

Established Income-Producing Property For Sale. 2 Wonderful Homes On 1 Lot. 126 unit (3BR, 2BA) is occupied with very good section-8 tenants @ $1845.00 a month. 128 is Newly Built (2BR /1BA). Excellent for Homeowners who may like to rent - have home pay for itself. Home is great for large families.

Last Agent to Sell the Property

Emmanuel Amah

Legacy United Realty License #00942978 Listed on: 11/19/2015

Last Buyer's Agent

Maria Hernandez

Excellence Reliable Brokers License #01756902

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,050

Year Built

  • Built in 1924

Lot Details

  • 5,401 Sq Ft Lot

Interior Spaces

  • 2,200 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Parking Deck

Utilities

  • Cooling System Powered By Gas
  • Heating System Mounted To A Wall or Window
  • Water Purifier

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 6040-011-007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,050

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2200
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Water Filter
  • Price Per S Q F T: 199.55

Exterior Features

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

Garage/Parking

  • Parking Garage: Deck(s)
  • Total Parking: 2

Utilities

  • Cooling: Gas
  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 113600
  • Assessed Land Value: 210400
  • Assessor Parcel Number: 6040-011-007
  • Geocode Override: No
  • Lot Size Area: 5401

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.07
  • Number Of Units: 2
  • Rent Control: 60
  • Total Annual Expense: 2268
  • Type Of Units: 2
  • Vacancy Rate: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2015
Closed on
Apr 8, 2016
Sold by
Amah Emmanuel
Bought by
Ozaki Anselmo Gonzalez and Gonzalez Maria E
Seller's Agent
Emmanuel Amah
Legacy United Realty
Buyer's Agent
Maria Hernandez
Excellence Reliable Brokers
List Price
$529,000
Sold Price
$447,000
Premium/Discount to List
-$82,000
-15.5%
Current Estimated Value
$867,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,504
Avg. Annual Appreciation
7.23%
Original Mortgage
$438,903
Outstanding Balance
$356,686
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$510,818

Purchase Details

Closed on
Dec 14, 2006
Sold by
Gardner James and Gardner Beatrice
Bought by
Amah Emmanuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,875
Interest Rate
8.43%
Mortgage Type
Balloon
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
Ozaki Anselmo Gonzalez $447,000 Provident Title Company
Amah Emmanuel $258,500 Provident
Amah Emmanuel -- Provident
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ozaki Anselmo Gonzalez $438,903
Previous Owner Amah Emmanuel $193,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2016 04/19/16 Sold $447,000 -15.5% $203 / Sq Ft
02/29/2016 02/29/16 Pending -- -- --
11/19/2015 11/19/15 For Sale $529,000 -- $240 / 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 $7,050 $569,044 $260,433 $308,611
2024 $7,050 $557,887 $255,327 $302,560
2023 $6,918 $546,949 $250,321 $296,628
2022 $6,601 $536,225 $245,413 $290,812
2021 $6,516 $525,711 $240,601 $285,110
2020 $6,578 $520,321 $238,134 $282,187
2019 $5,971 $480,000 $219,700 $260,300
2018 $5,987 $480,000 $219,700 $260,300
2017 $5,664 $455,940 $224,400 $231,540
2016 $4,182 $334,000 $210,400 $123,600
2015 $4,064 $324,000 $210,400 $113,600
2014 $4,166 $324,000 $210,400 $113,600
Source: Public Records

Agents Affiliated with this Home

  • Emmanuel Amah

    Seller's Agent in 2016

    Emmanuel Amah

    Legacy United Realty

    (213) 219-1274

    9 Total Sales

    Emmanuel Amah
    Section Image

  • M

    Buyer's Agent in 2016

    Maria Hernandez

    Excellence Reliable Brokers

See All Agents

Map

Source: The MLS

MLS Number: 15-958565

The MLS

APN: 6040-011-007

California Los Angeles County Los Angeles 90003 Florence

126 W 85th Place Unit 2, Los Angeles, CA

This home is located at 126 W 85th Place Unit 2, Los Angeles, CA 90003 since 19 November 2015 and is currently estimated at $867,504, approximately $394 per square foot. This property was built in 1924. 126 W 85th Place Unit 2 is a home located in Los Angeles County with nearby schools including Dr. Owen Lloyd Knox Elementary School, Mary McLeod Bethune Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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