NOT LISTED FOR SALE

1447 E 71st St Los Angeles, CA 90001

Estimated Value: $509,000 - $738,000

2 Beds
2 Baths
1,000 Sq Ft
$606/Sq Ft Est. Value

Last Sold December 14, 2015

Last sale price $275,000 $275 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $3,697/month

30 Days on Market

About This Home

As of December 2015

Standard sale composed of 1 bathroom and 1 bedroom, each unit. This property is located in a non-rent control area of Los Angeles. In Florence neighborhood within a block to shopping center and transportation. Check with city for possibilities of expanding or adding more units.

Last Agent to Sell the Property

Jose Garcia

AMC Realty License #01101005 Listed on: 10/01/2015

Last Buyer's Agent

Lucy Salgado

Century 21 Jervis & Associates License #00906720

Century 21 Jervis & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,060

Year Built

  • Built in 1960

Lot Details

  • 5,743 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 8 Parking Spaces

Home Design

  • 1,000 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 26
  • Tax Tract Number 1445
  • Assessor Parcel Number 6010027056

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $840
  • Trash Expense $540
  • Water Sewer Expense $960
  • New Taxes Expense $3,704
  • Gross Income $975
  • Net Operating Income $5,656

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,060

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 960.00
  • Property Type: Residential Income
  • Parcel Number: 6010027056
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 275.00

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 540.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5743.00
  • Price Per Lot Square Foot: 47.88
  • Lot Size Acres: 0.1320

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 975.00
  • Gross Scheduled Income: 11700.00
  • Insurance Expense: 840.00
  • Lot Size Area: 5743.0000 Square Feet
  • Net Operating Income: 5656.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6044.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3704.00
  • Tax Lot: 26
  • Tax Tract Number: 1445

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2015
Closed on
Nov 5, 2015
Sold by
Alarcon Efrain O
Bought by
Salcedo Raymon B
Seller's Agent
Jose Garcia
AMC Realty
Buyer's Agent
Lucy Salgado
Century 21 Jervis & Associates
List Price
$285,000
Sold Price
$275,000
Premium/Discount to List
-$10,000
-3.51%
Current Estimated Value
$605,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,666
Avg. Annual Appreciation
8.24%
Original Mortgage
$220,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2013
Sold by
Ponce Jose M
Bought by
Alarcon Efrain O and Cortez Oscar O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,743
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 5, 2012
Closed on
Jul 6, 2012
Sold by
The Bank Of New York Mellon Trust Compan
Bought by
Ponce Jose M
Seller's Agent
Miguel Vazquez
Home Central Realty
Buyer's Agent
Miguel Vazquez
Home Central Realty
List Price
$154,000
Sold Price
$165,000
Premium/Discount to List
$11,000
7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.30%
Original Mortgage
$171,830
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 8, 2011
Sold by
Garcia Isabel
Bought by
The Bank Of New York Mellon Trust Compan

Purchase Details

Closed on
Jun 14, 2005
Sold by
Garcia Isabel
Bought by
Garcia Isabel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,500
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 1994
Sold by
Maciel Daniel R and Maciel Maria T
Bought by
Garcia Santiago

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
5.62%
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
Salcedo Raymon B $275,000 Old Republic Title Company
Alarcon Efrain O -- None Available
Alarcon Efrain O $235,000 Old Republic Title Company
Ponce Jose M $175,000 Fidelity National Title
The Bank Of New York Mellon Trust Compan $192,600 Accommodation
Garcia Isabel -- --
Garcia Santiago -- World Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salcedo Raymon B $193,000
Closed Salcedo Raymon B $8,000
Closed Salcedo Raymon B $220,000
Previous Owner Alarcon Efrain O $230,743
Previous Owner Ponce Jose M $171,830
Previous Owner Garcia Isabel $351,900
Previous Owner Garcia Isabel $241,500
Previous Owner Garcia Santiago $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2015 12/14/15 Sold $275,000 -3.5% $275 / Sq Ft
10/31/2015 10/31/15 Pending -- -- --
10/01/2015 10/01/15 For Sale $285,000 +21.3% $285 / Sq Ft
12/04/2013 12/04/13 Sold $235,000 -4.0% $235 / Sq Ft
09/18/2013 09/18/13 Pending -- -- --
09/05/2013 09/05/13 For Sale $244,900 +48.4% $245 / Sq Ft
08/11/2012 08/11/12 Sold $165,000 +7.1% $165 / Sq Ft
07/03/2012 07/03/12 Pending -- -- --
06/05/2012 06/05/12 For Sale $154,000 -- $154 / 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 $5,060 $325,535 $242,674 $82,861
2024 $5,060 $319,153 $237,916 $81,237
2023 $4,812 $312,896 $233,251 $79,645
2022 $4,610 $306,762 $228,678 $78,084
2021 $4,560 $300,748 $224,195 $76,553
2019 $4,432 $291,831 $217,547 $74,284
2018 $4,297 $286,110 $213,282 $72,828
2016 $4,123 $275,000 $205,000 $70,000
2015 $3,700 $239,694 $183,596 $56,098
2014 $3,705 $235,000 $180,000 $55,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15216776

California Regional Multiple Listing Service (CRMLS)

APN: 6010-027-056