Gerardo Morales
Equity Smart Real Estate Services
(323) 766-6330
19 Total Sales
2 in Florence
$755,000 Price Range
149 W 78th St Los Angeles, CA 90003
Florence Neighborhood
8
Beds
5
Baths
2,692
Sq Ft
6,300
Sq Ft Lot
Highlights
- Gated Parking
- Living Room
- Guest Parking
- No HOA
- Tile Flooring
- Family Room
About This Home
As of October 2018An 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
RE/MAX 2000 REALTY License #01885711 Listed on: 08/25/2018
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
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
- Entry on the 1st floor
- Shingle Roof
Interior Spaces
- 2,692 Sq Ft Home
- 1-Story Property
- Family Room
- Living Room
- Washer and Gas Dryer Hookup
Kitchen
- Gas Oven
- Gas Cooktop
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Bathrooms
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
Amenities
- Laundry Facilities
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 25, 2018
Closed on
Oct 18, 2018
Sold by
West 78Th St Llc
Bought by
Seller's Agent
Edwin Wen
RE/MAX 2000 REALTY
Buyer's Agent
Carlos Estrada
Liberty Investment Group
List Price
$776,000
Sold Price
$730,000
Premium/Discount to List
-$46,000
-5.93%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$547,500
Interest Rate
4.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 23, 2011
Sold by
Wang Dan and Li Lina
Bought by
West 78Th St Llc
Purchase Details
Closed on
Jun 24, 2011
Sold by
Arc Investments Inc
Bought by
Wang Dan and Li Lina
Purchase Details
Closed on
Nov 4, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Arc Investments Inc
Purchase Details
Closed on
Aug 31, 2009
Sold by
Monroy Abraham and Monroy Martha
Bought by
Federal Home Loan Mortgage Corporation
Purchase Details
Closed on
Jan 13, 2005
Sold by
Gama Leon and Delgado Jose
Bought by
Monroy Abraham and Monroy Martha
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.62%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 6, 2004
Sold by
Bustos Maria and Bustos Aurelio
Bought by
Gama Leon and Delgado Jose
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,978
Interest Rate
5.85%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 20, 2001
Sold by
Roman Bertha and Montalvo Maria
Bought by
Bustos Aurelio and Bustos Maria
Purchase Details
Closed on
May 17, 1999
Sold by
Garcia Fernando
Bought by
Roman Bertha and Montalvo Maria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,833
Interest Rate
7.64%
Mortgage Type
FHA
Purchase Details
Closed on
Oct 2, 1998
Sold by
Garcia Linda M
Bought by
Garcia Fernando
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.93%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 28, 1998
Sold by
The Bank Of New York
Bought by
Garcia Fernando
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.93%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 3, 1998
Sold by
Leon Luz Maria
Bought by
Bank Of New York
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.93%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 22, 1997
Sold by
Leon Luz Maria
Bought by
Moss Kelvin
Purchase Details
Closed on
Nov 15, 1995
Sold by
Richtan Investment Corp
Bought by
Leon Luz Maria
Purchase Details
Closed on
May 19, 1995
Sold by
First Federal Bank Of California
Bought by
Richtan Investment Corp
Purchase Details
Closed on
Mar 9, 1995
Sold by
Morales Jose Luis and Morales Silvia
Bought by
First Federal Bank Of California
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Florence, CA
-
Gerardo Morales
-
Jasmin Duran
Jasmin Duran
Keller Williams Coastal Prop
(562) 262-8540
41 Total Sales
2 in Florence
$520,000 Price Range
-
Bryan Cruz
Bryan Cruz
Realty One Group United
(562) 608-3678
43 Total Sales
2 in Florence
$465K - $678K Price Range
-
Marlene Rodriguez
Marlene Rodriguez
M. R. & Associates
(424) 552-4665
56 Total Sales
1 in Florence
$485,000 Price
-
Mary Ann Garcia Berges
Mary Ann Garcia Berges
MyAgent Real Estate Group
(424) 788-0855
51 Total Sales
2 in Florence
$566,000 Price Range
-
Deanna Vela
Deanna Vela
eXp Realty of Southern Califor
(626) 507-9101
505 Total Sales
1 in Florence
$850,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $730,000 | Fidelity National Title Comp | ||
| West 78Th St Llc | -- | None Available | |
| Wang Dan | $320,000 | Lsi Title Company | |
| Arc Investments Inc | $215,000 | Lsi Title Agency Inc | |
| Federal Home Loan Mortgage Corporation | $270,000 | Fidelity Natl Title Ins Co | |
| Monroy Abraham | -- | Lawyers Title | |
| Gama Leon | $325,000 | Orange Coast Title Company | |
| Bustos Aurelio | -- | Benefit Title | |
| Roman Bertha | $265,000 | Commonwealth Land Title Co | |
| Garcia Fernando | -- | First American Title Ins Co | |
| Garcia Fernando | $148,000 | First American Title Ins Co | |
| Bank Of New York | $136,000 | Fidelity National Title Ins | |
| Moss Kelvin | -- | -- | |
| Leon Luz Maria | $235,000 | -- | |
| Richtan Investment Corp | $126,000 | First Southwestern Title Co | |
| First Federal Bank Of California | $147,200 | Continental Lawyers Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,257,000 | ||
| Closed | Sola Impact Fund Ii Lp | $660,000 | |
| Closed | Sola Impact Fund Ii Lp | $1,613,000 | |
| Closed | Sola Impact Fund Ii Lp | $540,000 | |
| Closed | Sola Impact Fund Ii Lp | $547,500 | |
| Previous Owner | Monroy Abraham | $487,500 | |
| Previous Owner | Monroy Abraham | $428,000 | |
| Previous Owner | Monroy Abraham | $368,000 | |
| Previous Owner | Gama Leon | $319,978 | |
| Previous Owner | Roman Bertha | $262,833 | |
| Previous Owner | Moss Kelvin | $20,000 | |
| Previous Owner | Moss Kelvin | $15,000 | |
| Previous Owner | Moss Kelvin | $20,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $10,577 | $830,609 | $477,885 | $352,724 |
| 2025 | $10,577 | $814,323 | $468,515 | $345,808 |
| 2024 | $10,443 | $798,357 | $459,329 | $339,028 |
| 2023 | $10,253 | $782,704 | $450,323 | $332,381 |
| 2022 | $9,801 | $767,358 | $441,494 | $325,864 |
| 2021 | $9,679 | $752,313 | $432,838 | $319,475 |
| 2020 | $9,780 | $744,600 | $428,400 | $316,200 |
| 2019 | $9,417 | $730,000 | $420,000 | $310,000 |
| 2018 | $4,971 | $353,247 | $275,975 | $77,272 |
| 2016 | $4,703 | $339,531 | $265,259 | $74,272 |
| 2015 | $4,643 | $334,432 | $261,275 | $73,157 |
| 2014 | $4,689 | $327,881 | $256,157 | $71,724 |
Source: Public Records
Agents Affiliated with this Home
-
Edwin Wen
Seller's Agent in 2018
Edwin Wen
RE/MAX
(909) 539-8561
15 Total Sales
-
Carlos Estrada
Buyer's Agent in 2018
Carlos Estrada
Liberty Investment Group
(562) 477-8983
1 in this area
44 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV18203653
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.
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
Nearby Homes
Your Personal Tour Guide
Ask me questions while you tour the home.