NOT LISTED FOR SALE

149 W 78th St Los Angeles, CA 90003

Florence Neighborhood
8 Beds
5 Baths
2,692 Sq Ft
1912 Built

Last Sold October 24, 2018

Last sale price $730,000 $271 Per Sq Ft

4 Days on Market

Highlights

  • Gated Parking
  • Living Room
  • Tile Flooring
  • No HOA
  • Laundry Room
  • Guest Parking

About This Home

As of October 2018

An investor's delight where the tenants' rent pay off your mortgage! Property has stable longtime and excellent tenants. They all been there for more than 4-7 years! 5-plex units are well-kept and maintained with a gated entrance and back alley parking. (3) one bedroom/one bathroom units and (1) three bedroom/one bath unit, (1) two bed room /one bath unit. Located in a convenient area in the city of Los Angeles, close to shopping areas, parks, schools and many more which attract tenants!
Buyer and Buyer's agent to do their own investigation.The Property is being sold in an AS IS, WHERE IS condition and WITH ALL FAULTS with no warranties expressed or implied. Buyer to verify/investigate property’s information, condition, and tax records to their satisfaction
Rent on the low side, there are lots of upside

Last Agent to Sell the Property

Edwin Wen

RE/MAX 2000 REALTY License #01885711 Listed on: 08/25/2018

RE/MAX 2000 REALTY

Last Buyer's Agent

Carlos Estrada

Liberty Investment Group License #01413560

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 6,300 Sq Ft Lot
  • Property fronts an alley
  • No Common Walls
  • Wrought Iron Fence
  • Chain Link Fence
  • Level Lot

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 2,692 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room

Kitchen

  • Gas Oven
  • Gas Cooktop

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 5 Parking Spaces
  • Parking Available
  • Gated Parking
  • Guest Parking
  • Parking Lot
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Not Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 223
  • Tax Tract Number 2396
  • Assessor Parcel Number 6031018024

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 5 Units

Building Details

  • 5 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Insurance Expense $1,543
  • Trash Expense $1,200
  • Water Sewer Expense $5,400
  • New Taxes Expense $9,700
  • Operating Expense $20,843
  • Gross Income $44,233
  • Net Operating Income $44,233

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • CapRate: 5.70
  • Property Attached: No
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 5400.00
  • Zoning: LAR2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6031018024
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 271.17
  • Room Type: Family Room, Kitchen, Living Room

Exterior Features

  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Chain Link, Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Gated, Guest, Parking Space, Unassigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Phone Not Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6300.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 3000.00
  • Gross Income: 44233.00
  • Gross Scheduled Income: 65076.00
  • Insurance Expense: 1543.00
  • Net Operating Income: 44233.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Operating Expense: 20843.00
  • Rent Control: Yes
  • Total Actual Rent: 5423.00
  • Total Expenses: 20843.00

Tax Info

  • New Taxes Expense: 9700.00
  • Tax Census Tract: 2396.02
  • Tax Lot: 223
  • Tax Tract Number: 2396

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2018 10/24/18 Sold $730,000 -5.9% $271 / Sq Ft
09/27/2018 09/27/18 For Sale $776,000 0.0% $288 / Sq Ft
08/29/2018 08/29/18 Pending -- -- --
08/27/2018 08/27/18 Pending -- -- --
08/25/2018 08/25/18 For Sale $776,000 -- $288 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Edwin Wen

    Seller's Agent in 2018

    Edwin Wen

    RE/MAX

    (909) 539-8561

    23 Total Sales

    Edwin Wen
    Section Image
  • Carlos Estrada

    Buyer's Agent in 2018

    Carlos Estrada

    Liberty Investment Group

    (562) 477-8983

    1 in this area

    54 Total Sales

    Carlos Estrada
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18203653

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90003 Florence

149 W 78th St, Los Angeles, CA

This home is located at 149 W 78th St, Los Angeles, CA 90003 since 25 August 2018. This property was built in 1912. 149 W 78th St is a home located in Los Angeles County with nearby schools including Seventy-Fifth Street Elementary School, Mary McLeod Bethune Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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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