NOT LISTED FOR SALE

1739 E 71st St Los Angeles, CA 90001

Estimated Value: $814,000 - $1,077,000

7 Beds
4 Baths
2,729 Sq Ft
$345/Sq Ft Est. Value

Last Sold September 05, 2012

Last sale price $360,000 $132 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $5,591/month

Highlights

  • No HOA
  • Cul-De-Sac
  • Laundry Room
  • Linda Esperanza Marquez High School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

About This Home

As of September 2012

Nice investment opportunity. 3 dwellings on one lot as 2 SFR's and a Duplex (upstairs/downstairs). Many upgrades and remodeling over the years by same owner. Please drive by but do not disturb long time tenants. Rents are currently below market but can easily be brought up to market rents. Close to schools and shopping with easy access to Metro Los Angeles areas. Address is 1739 - 1741 East 71st Street, Los Angeles. Walking distance to transportation, Great Location, New Roofs all units, Some repairs just completed. Bring all offers, Seller Motivated. Make Buyers aware that seller may be participating in 1031 Tax Deferred Exchange. See Supplemental: Last Bank Appraisal $600,000 in 2007. This is a standard sale. Fast response on your offers!
Upstairs tenant just vacated over weekend. 1 Unit avail for future tenant or can be occupied by new owner. All rents or month to month.

Last Agent to Sell the Property

Richard Kuan

NextHome Bella Properties License #01008447 Listed on: 06/18/2012

Last Buyer's Agent

Nellie Nungaray

Realty One Group West License #01871539

Realty One Group West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,550

Year Built

  • Built in 1962

Lot Details

  • 7,339 Sq Ft Lot
  • Cul-De-Sac

Home Design

  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,729 Sq Ft Home
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 16 Parking Spaces
  • Parking Available
  • Unassigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Floor Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 13
  • Tax Tract Number 5330
  • Assessor Parcel Number 6009028012

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $800
  • Trash Expense $600
  • Water Sewer Expense $3,000
  • New Taxes Expense $4,600
  • Gross Income $3,080
  • Net Operating Income $26,960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,550

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: Yes
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 6009028012
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet
  • Levels: One
  • Price Per Square Foot: 131.92

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame, Stucco, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 16.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Gas & Electric Dryer Hookup
  • Trash Expense: 600.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 7339.00
  • Lot Size Acres: 0.1680

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3080.00
  • Gross Scheduled Income: 36960.00
  • Insurance Expense: 800.00
  • Lot Size Area: 7339.0000 Square Feet
  • Net Operating Income: 26960.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 10000.00
  • Rent Control: No
  • Total Actual Rent: 3105.00

Tax Info

  • New Taxes Expense: 4600.00
  • Tax Lot: 13
  • Tax Tract Number: 5330
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2012
Sold by
Culp Verna and The Elven & Verna Culp Revocab
Bought by
Vasquez Gilberto and Vasquez Lourdes
Current Estimated Value
$906,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2009
Sold by
Culp Verna
Bought by
Culp Verna and Culp Elven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,200
Interest Rate
5.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 1996
Sold by
Culp Elven and Culp Verna
Bought by
The Elven & Verna Culp Revocable Living
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
Vasquez Gilberto $360,000 Lawyers Title Sd
Culp Verna -- American Coast Title Company
Culp Verna -- American Coast Title Company
The Elven & Verna Culp Revocable Living -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vasquez Gilberto $252,000
Previous Owner Culp Verna $163,200
Previous Owner Culp Elven $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2012 09/05/12 Sold $360,000 -- $132 / Sq Ft
06/18/2012 06/18/12 Pending -- -- --
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 $7,550 $443,306 $246,282 $197,024
2024 $7,550 $434,614 $241,453 $193,161
2023 $7,101 $426,093 $236,719 $189,374
2022 $6,824 $417,739 $232,078 $185,661
2021 $6,744 $409,549 $227,528 $182,021
2020 $6,783 $405,350 $225,195 $180,155
2019 $6,566 $397,403 $220,780 $176,623
2018 $6,363 $389,611 $216,451 $173,160
2016 $6,101 $374,484 $208,047 $166,437
2015 $6,017 $368,859 $204,922 $163,937
2014 $6,028 $361,634 $200,908 $160,726
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: F12066977

California Regional Multiple Listing Service (CRMLS)

APN: 6009-028-012