NOT LISTED FOR SALE

1607 W 80th St Los Angeles, CA 90047

Manchester Square Neighborhood

Estimated Value: $770,000 - $879,063

5 Beds
3 Baths
2,672 Sq Ft
$305/Sq Ft Est. Value

Last Sold September 02, 2016

Last sale price $485,000 $182 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,910/month

39 Days on Market

About This Home

As of September 2016

Great investment opportunity. Three units fully rented with great tenants in a high rental area of Los Angeles. First time on the market in over 50 years. This property has a great rental history with not much turnover at all. 2 of the units are 2 Bed 1 Bath. 3rd unit is 1 Bed 1 Bath. Both 2 Beds have laundry inside. Property currently brings in $3,285 Monthly in Rent. Property has also been bolted to the foundation. Buyer to cooperate with seller doing a 1031 exchange. PLEASE DO NOT DISTURB TENANTS! Do not walk on the property. Drive by only.

Last Agent to Sell the Property

Zak Ols

CENTURY 21 EXPERIENCE License #01960059 Listed on: 06/17/2016

CENTURY 21 EXPERIENCE

Last Buyer's Agent

Esmeralda Rivera

Excellence RE Real Estate Inc License #01785214

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,117

Year Built

  • Built in 1929

Lot Details

  • 6,744 Sq Ft Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • 2,672 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 77
  • Tax Tract Number 4511
  • Assessor Parcel Number 6034002015

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Trash Expense $600
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,000
  • Gross Income $3,285
  • Net Operating Income $34,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,117

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 9097208283
  • Other Phone Number: 9097208283
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 6034002015
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entry Location: Ground Level With Steps
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 181.51

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6744.00
  • Price Per Lot Square Foot: 71.92

Multi Family

  • Gross Income: 3285.00
  • Gross Scheduled Income: 39420.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 34420.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 5000.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Lot: 77
  • Tax Tract Number: 4511

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2016
Closed on
Aug 9, 2016
Sold by
Charbonnet Joann M
Bought by
Cruz Nancy
Seller's Agent
Zak Ols
CENTURY 21 EXPERIENCE
Buyer's Agent
Esmeralda Rivera
Excellence RE Real Estate Inc
List Price
$484,900
Sold Price
$485,000
Premium/Discount to List
$100
0.02%
Current Estimated Value
$814,266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,266
Avg. Annual Appreciation
5.84%
Original Mortgage
$363,750
Outstanding Balance
$289,949
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$524,317

Purchase Details

Closed on
Sep 23, 2002
Sold by
Charbonnet Joann M and Walker Joann C
Bought by
Charbonnet Joann M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,200
Interest Rate
6.16%
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
Cruz Nancy $485,000 First American Title Company
Charbonnet Joann M -- New Century Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cruz Nancy $363,750
Previous Owner Charbonnet Joann M $133,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2016 09/02/16 Sold $485,000 0.0% $182 / Sq Ft
04/01/2016 04/01/16 For Sale $484,900 -- $181 / 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 $7,117 $562,878 $417,807 $145,071
2024 $7,117 $551,842 $409,615 $142,227
2023 $6,989 $541,023 $401,584 $139,439
2022 $6,680 $530,415 $393,710 $136,705
2021 $6,586 $520,016 $385,991 $134,025
2020 $6,648 $514,685 $382,034 $132,651
2019 $6,397 $504,594 $374,544 $130,050
2018 $6,268 $494,700 $367,200 $127,500
2016 $2,768 $206,132 $98,943 $107,189
2015 $2,732 $203,036 $97,457 $105,579
2014 $2,763 $199,059 $95,548 $103,511
Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2016

    Zak Ols

    CENTURY 21 EXPERIENCE

    Section Image
  • Esmeralda Rivera

    Buyer's Agent in 2016

    Esmeralda Rivera

    Excellence RE Real Estate Inc

    (562) 755-1595

    61 Total Sales

    Esmeralda Rivera
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV16067834

California Regional Multiple Listing Service (CRMLS)

APN: 6034-002-015

California Los Angeles County Los Angeles 90047 Manchester Square

1607 W 80th St, Los Angeles, CA

This home is located at 1607 W 80th St, Los Angeles, CA 90047 since 17 June 2016 and is currently estimated at $814,266, approximately $304 per square foot. This property was built in 1929. 1607 W 80th St is a home located in Los Angeles County with nearby schools including La Salle Avenue Elementary School, Horace Mann Ucla Community, and George Washington Preparatory High School.

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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