NOT LISTED FOR SALE

1427 E 61st St Los Angeles, CA 90001

Estimated Value: $766,676 - $875,000

8 Beds
4 Baths
2,479 Sq Ft
$332/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $640,000 $258 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $5,129/month

22 Days on Market

Highlights

  • Craftsman Architecture
  • Private Yard
  • Double Door Entry
  • Great Room
  • No HOA
  • 4-minute walk to Bethune Park

About This Home

As of September 2020

Rare opportunity to purchase a wonderful duplex, two units each with 4 bedrooms, 2 bath, and laundry room. The units share a common long driveway. live in one and rent the other unit. New carpet and paint in 1 unit. Front fully gated. Shipping storage container is included in the sale, per the owner.

Last Agent to Sell the Property

Wilhemina Mills

Candid Real Estate License #01095980 Listed on: 08/03/2020

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,017

Year Built

  • Built in 1921

Lot Details

  • 6,964 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home
  • Wrought Iron Fence
  • Fence is in excellent condition
  • Paved or Partially Paved Lot
  • Private Yard
  • Lawn
  • Front Yard
  • Land Lease

Home Design

  • Duplex
  • Craftsman Architecture
  • Turnkey
  • Raised Foundation
  • Fire Rated Drywall
  • Adobe

Interior Spaces

  • 2,479 Sq Ft Home
  • 1-Story Property
  • Window Screens
  • Double Door Entry
  • Great Room
  • Living Room

Kitchen

  • Free-Standing Range
  • Range Hood

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Mirrored Closets Doors
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Parking Available
  • Driveway

Location

  • Urban Location

Utilities

  • Wall Furnace
  • 220 Volts
  • Natural Gas Connected
  • Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 7 / A
  • Tax Tract Number 5328
  • Assessor Parcel Number 6008027024

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,583
  • Trash Expense $384
  • Water Sewer Expense $3,600
  • New Taxes Expense $9,556
  • Operating Expense $5,567
  • Gross Income $3,440
  • Net Operating Income $3,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,017

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Other Phone Description: 3105389745
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 3600.00
  • Zoning: LCR3*
  • Architectural Style: Craftsman
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6008027024
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Door Features: Double Door Entry, Mirror Closet Door(s)
  • Levels: One
  • Price Per Square Foot: 258.17
  • Room Type: All Bedrooms Down, Great Room, Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom
  • Window Features: Screens

Exterior Features

  • Direction Faces: South
  • Foundation: Raised
  • Fence: Yes
  • Fencing: Excellent Condition, Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Adobe, Drywall Walls

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Range Hood, Water Heater
  • Electric: 220 Volts, Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 384.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: Front Yard, Lawn, Paved, Yard
  • Lot Size Sq Ft: 6964.00
  • Lot Size Acres: 0.1599
  • Latitude Manual: 33.98431700

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 3440.00
  • Gross Scheduled Income: 3940.00
  • Insurance Expense: 1583.00
  • Lot Size Area: 6964.0000 Square Feet
  • Net Operating Income: 3440.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Operating Expense: 500.00
  • Rent Control: Yes
  • Total Actual Rent: 1970.00
  • Total Expenses: 5567.00

Tax Info

  • New Taxes Expense: 9556.00
  • Tax Area: 1166
  • Tax Block: A
  • Tax Lot: 7
  • Tax Tract Number: 5328.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2024
Sold by
Jnk Legacy Trust and Redwood Angela D
Bought by
Flores Luis A and Flores Maria Zarate
Current Estimated Value
$822,669

Purchase Details

Listed on
Aug 3, 2020
Closed on
Aug 31, 2020
Sold by
Redwood Angela
Bought by
Flores Luis A and Flores Maria Zarate
Seller's Agent
Wilhemina Mills
Candid Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$675,000
Sold Price
$640,000
Premium/Discount to List
-$35,000
-5.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.19%
Original Mortgage
$448,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2007
Sold by
Redwood Angela
Bought by
The Jnk Legacy Trust

Purchase Details

Closed on
Feb 4, 2004
Sold by
Salas Martin L
Bought by
Redwood Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,600
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 10, 2001
Sold by
Costello Homes Inc
Bought by
Salas Martin and Salas Jasmine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,199
Interest Rate
6.63%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 13, 2001
Sold by
The Payton Foundation
Bought by
T D C Pacific Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,199
Interest Rate
6.63%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 6, 2001
Sold by
Tdc/Pacific Properties Inc
Bought by
Costello Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.09%

Purchase Details

Closed on
Jun 4, 2001
Sold by
The Concorde Trust
Bought by
The Payton Foundation

Purchase Details

Closed on
Nov 2, 1999
Sold by
Payton Nolan H
Bought by
The Concorde Trust
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
Flores Luis A -- Chicago Title Company
Flores Luis A -- Chicago Title Company
Flores Luis A $640,000 Chicago Title Company
The Jnk Legacy Trust -- None Available
Redwood Angela $342,000 Old Republic Title Company
Salas Martin $246,000 First American Title Co
T D C Pacific Properties Inc $90,000 Fidelity Title
Costello Homes Inc -- --
The Payton Foundation -- Fidelity Title
The Concorde Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Flores Luis A $448,000
Previous Owner Redwood Angela $371,800
Previous Owner Redwood Angela $273,600
Previous Owner Salas Martin $242,199
Previous Owner T D C Pacific Properties Inc $150,000
Closed T D C Pacific Properties Inc $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $640,000 -4.5% $258 / Sq Ft
08/25/2020 08/25/20 Pending -- -- --
08/17/2020 08/17/20 Price Changed $670,000 -0.7% $270 / Sq Ft
08/03/2020 08/03/20 For Sale $675,000 -- $272 / 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 $7,017 $692,756 $281,432 $411,324
2024 $7,017 $476,702 $195,139 $281,563
2023 $6,735 $467,356 $191,313 $276,043
2022 $6,437 $458,193 $187,562 $270,631
2021 $6,358 $449,210 $183,885 $265,325
2020 $6,401 $444,605 $182,000 $262,605
2019 $6,171 $435,888 $178,432 $257,456
2018 $6,052 $427,342 $174,934 $252,408
2016 $5,789 $410,749 $168,142 $242,607
2015 $5,703 $404,580 $165,617 $238,963
2014 $5,706 $396,656 $162,373 $234,283
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB20154816

California Regional Multiple Listing Service (CRMLS)

APN: 6008-027-024