NOT LISTED FOR SALE

1610 E 70th St Los Angeles, CA 90001

Estimated Value: $626,942 - $805,000

4 Beds
3 Baths
1,896 Sq Ft
$386/Sq Ft Est. Value

Last Sold April 23, 2018

Last sale price $483,000 $255 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,525/month

21 Days on Market

About This Home

As of April 2018

This is a 3 unit complex and each unit is detached. There are two units in the front that are 1 bedroom, 1 bath each and a 2 bedroom, 1 bath in the rear. Each unit is well kept and have long-term tenants who pay their rent on time. Some of the units have original hardwood flooring and the rear unit has newer carpet. Each unit also has a bonus room. The property is close to shopping, buses and the Metro Line. Do not disturb residents.

Last Agent to Sell the Property

Ruth Hayles

RAH Realty & Investments Inc. License #00842547 Listed on: 02/20/2018

Last Buyer's Agent

Ruth Hayles

RAH Realty & Investments Inc. License #00842547 Listed on: 02/20/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 5,563 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,896 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 5330
  • Assessor Parcel Number 6010039002

Community Details

Overview

  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $480
  • Insurance Expense $1,134
  • Water Sewer Expense $2,040
  • New Taxes Expense $6,063
  • Operating Expense $9,717
  • Gross Income $29,196
  • Net Operating Income $21,477

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Ad Number: 323-754-2818
  • Property Attached: No
  • Water Sewer Expenses: 2040.00
  • Zoning: LCR3*
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 6010039002
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 254.75

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5563.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 29196.00
  • Gross Scheduled Income: 29196.00
  • Insurance Expense: 1134.00
  • Net Operating Income: 21477.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 7719.00
  • Rent Control: Yes
  • Total Actual Rent: 2433.00
  • Total Expenses: 9717.00

Tax Info

  • New Taxes Expense: 6063.00
  • Tax Census Tract: 5330.01
  • Tax Lot: 1
  • Tax Tract Number: 5330.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2018
Closed on
Mar 27, 2018
Sold by
Gomez Trino L and The Gomez Family Trust
Bought by
Valencia Oscar and Valencia Maria Belen
Seller's Agent
Ruth Hayles
RAH Realty & Investments Inc.
Buyer's Agent
Ruth Hayles
RAH Realty & Investments Inc.
List Price
$485,000
Sold Price
$483,000
Premium/Discount to List
-$2,000
-0.41%
Current Estimated Value
$731,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,986
Avg. Annual Appreciation
5.57%
Original Mortgage
$362,250
Outstanding Balance
$311,673
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
$420,313

Purchase Details

Listed on
Feb 20, 2018
Closed on
Mar 23, 2018
Sold by
Valencia Fabiola and Torres Armando
Bought by
Valencia Oscar and Valencia Maria Belen
Seller's Agent
Ruth Hayles
RAH Realty & Investments Inc.
Buyer's Agent
Ruth Hayles
RAH Realty & Investments Inc.
List Price
$485,000
Sold Price
$483,000
Premium/Discount to List
-$2,000
-0.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,250
Outstanding Balance
$311,673
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
$420,313

Purchase Details

Closed on
Mar 22, 1997
Sold by
Gomez Trino and Gomez Olga G
Bought by
Gomez Trino L and Gomez Olga G
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Valencia Oscar $483,000 Lawyers Title
Valencia Oscar -- Lawyers Title
Gomez Trino L -- --
Gomez Trino L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valencia Oscar $362,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2018 04/23/18 Sold $483,000 -0.4% $255 / Sq Ft
03/13/2018 03/13/18 Pending -- -- --
02/20/2018 02/20/18 For Sale $485,000 -- $256 / 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 $8,147 $549,566 $307,211 $242,355
2024 $8,147 $538,791 $301,188 $237,603
2023 $7,764 $528,228 $295,283 $232,945
2022 $7,427 $517,872 $289,494 $228,378
2021 $7,344 $507,718 $283,818 $223,900
2020 $7,395 $502,513 $280,908 $221,605
2019 $7,133 $492,660 $275,400 $217,260
2018 $1,687 $27,958 $14,628 $13,330
2016 $1,617 $26,874 $14,061 $12,813
2015 $1,602 $26,471 $13,850 $12,621
2014 $1,615 $25,953 $13,579 $12,374
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Ruth Hayles

    RAH Realty & Investments Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18041291

California Regional Multiple Listing Service (CRMLS)

APN: 6010-039-002

California Los Angeles County Los Angeles 90001

1610 E 70th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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