NOT LISTED FOR SALE

1720 E 62nd St Los Angeles, CA 90001

Estimated Value: $720,000 - $947,000

8 Beds
6 Baths
2,050 Sq Ft
$404/Sq Ft Est. Value

Sale Details

Date Sold: October 15, 2018

Last sale price $600,000 $293 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $5,261 / mo

9 Days on Market

About This Home

As of October 2018

A very nice 4 unit property consisting of two, 3 bed room two bathroom and two 1 bed 1 bath also in good shape. Both 3 bed units have a nice size master bed room. Top unit has high ceilings in the living room and kitchen are well lit and big in size. These units are generating great income and are located in NON RENT control. Live in one, rent the rest. Top unit will be VACANT at the close of escrow. Buyers do do their own due diligence and investigation. Located in prime location, walking distance to METRO blue line, public transportation, and desirable rental area.

Last Agent to Sell the Property

Nidya Pineda

Century 21 Jervis & Associates License #01490268 Listed on: 09/23/2018

Century 21 Jervis & Associates

Last Buyer's Agent

Weon Kang

Bestway Realty License #01888004

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1998

Lot Details

  • 6,888 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 2,050 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 5
  • Tax Tract Number 5327
  • Assessor Parcel Number 6009012005

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $200
  • Trash Expense $50
  • Water Sewer Expense $300
  • Operating Expense $550
  • Gross Income $5,400
  • Net Operating Income $4,850

Property Details

Home Type

Multi-Family

Year Built

Built in 1998

Lot Details

6,888 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 300.00
  • Zoning: LCR4*
  • Property Type: Residential Income
  • Parcel Number: 6009012005
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 292.68

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6888.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 200.00
  • Gross Income: 5400.00
  • Gross Scheduled Income: 5400.00
  • Net Operating Income: 4850.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 550.00
  • Rent Control: No
  • Total Actual Rent: 3600.00
  • Total Expenses: 550.00

Tax Info

  • Tax Census Tract: 5327.00
  • Tax Lot: 5
  • Tax Tract Number: 5327.0

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

Closed on
Jun 24, 2019
Sold by
Bought by
Current Estimated Value
$829,216

Purchase Details

Listed on
Sep 23, 2018
Closed on
Oct 11, 2018
Sold by
Bought by
Seller's Agent
Nidya Pineda
Century 21 Jervis & Associates
Buyer's Agent
Weon Kang
Bestway Realty
List Price
$580,000
Sold Price
$600,000
Premium/Discount to List
$20,000
3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.30%
Original Mortgage
$500,000
Outstanding Balance
$436,030
Interest Rate
4.5%
Mortgage Type
Construction
Estimated Equity
$393,186

Purchase Details

Listed on
Sep 23, 2018
Closed on
Oct 5, 2018
Sold by
Bought by
Seller's Agent
Nidya Pineda
Century 21 Jervis & Associates
Buyer's Agent
Weon Kang
Bestway Realty
List Price
$580,000
Sold Price
$600,000
Premium/Discount to List
$20,000
3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$436,030
Interest Rate
4.5%
Mortgage Type
Construction
Estimated Equity
$393,186

Purchase Details

Closed on
Nov 14, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,400
Interest Rate
9.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 23, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,400
Interest Rate
9.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 1998
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,479
Interest Rate
6.63%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 5, 1997
Sold by
Bought by

Purchase Details

Closed on
Jul 17, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
-- Pacific Coast Title Company
$600,000 Pacific Coast Title
-- Pacific Coast Title
-- None Available
-- Chicago Title
$229,000 South Coast Title
-- --
$34,000 --
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 $500,000
Previous Owner $263,400
Previous Owner $227,479
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
10/15/2018 10/15/18 Sold $600,000 +3.4% $293 / Sq Ft
09/23/2018 09/23/18 For Sale $580,000 -- $283 / 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
2025 $9,486 $674,885 $334,654 $340,231
2024 $9,221 $661,653 $328,093 $333,560
2023 $8,899 $648,680 $321,660 $327,020
2022 $8,491 $635,961 $315,353 $320,608
2021 $8,394 $623,492 $309,170 $314,322
2019 $8,083 $600,000 $300,000 $300,000
2018 $7,046 $521,618 $251,824 $269,794
2016 $6,744 $501,365 $242,047 $259,318
2015 $6,641 $493,835 $238,412 $255,423
2014 $6,641 $484,162 $233,742 $250,420
Source: Public Records

Agents Affiliated with this Home

  • Nidya Pineda

    Seller's Agent in 2018

    Nidya Pineda

    Century 21 Jervis & Associates

    (310) 346-8946

    27 Total Sales

    Nidya Pineda
    Section Image

  • W

    Buyer's Agent in 2018

    Weon Kang

    Bestway Realty

    (213) 923-6689

    7 Total Sales

    Weon Kang
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18233891

California Regional Multiple Listing Service (CRMLS)

APN: 6009-012-005

California Los Angeles County Los Angeles 90001

1720 E 62nd St, Los Angeles, CA

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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