NOT LISTED FOR SALE

1817 E 70th St Los Angeles, CA 90001

Estimated Value: $1,210,000 - $1,223,336

10 Beds
6 Baths
2,480 Sq Ft
$491/Sq Ft Est. Value

Last Sold September 29, 2017

Last sale price $785,000 $317 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,943/month

11 Days on Market

Highlights

  • No Heating
  • Linda Esperanza Marquez High A Huntington Park Institute Of Applied Medicine Rated A-
  • 1-Story Property

About This Home

As of September 2017

Great income producing property in the Florence Firestone LA County Area. Borderline with the City of Huntington Park. Consist of six separate units with . Front units are 2 Bedroom and 1 Bathroom. The other four units are 1 bedroom and 1 bathroom each. Owner recently installed copper plumbing.
Close to Florence Av. School, Roosevelt Park and a Shopping Center. Checked with Los Angeles County, No Rent Control.

Last Agent to Sell the Property

Erasmo Magallanes

Monarch Real Estate Services License #01927273 Listed on: 08/18/2017

Last Buyer's Agent

Edwin Mariscal

Edwin Mariscal, Broker License #01119480

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 7,544 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Property Attached
  • Partial Copper Plumbing

Interior Spaces

  • 2,480 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Parking

  • No Driveway
  • On-Street Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • No Heating
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 14
  • Assessor Parcel Number 6009027015

Community Details

Overview

  • 6 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,108
  • Water Sewer Expense $290
  • Gross Income $63,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 290.00
  • Zoning: LCR4YY
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 6009027015
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Interior Amenities: Copper Plumbing Partial
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 316.53
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking Features: No Driveway, Street

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: No
  • Laundry: No
  • Appliances: Gas Water Heater
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 7544.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 63300.00
  • Gross Scheduled Income: 63300.00
  • Insurance Expense: 2108.30
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Rent Control: No
  • Total Actual Rent: 63000.00

Tax Info

  • Tax Census Tract: 5330.02
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2017
Closed on
Sep 26, 2017
Sold by
Velasco Guadalupe and Velasco Guadalupe
Bought by
Klgv Investments Iii Llc
Seller's Agent
Erasmo Magallanes
Monarch Real Estate Services
Buyer's Agent
Edwin Mariscal
Edwin Mariscal, Broker
List Price
$799,000
Sold Price
$785,000
Premium/Discount to List
-$14,000
-1.75%
Current Estimated Value
$1,110,219

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,219
Avg. Annual Appreciation
5.43%
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
Klgv Investments Iii Llc $785,000 Orange Coast Title Co Socal
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2017 09/29/17 Sold $785,000 -1.8% $317 / Sq Ft
08/29/2017 08/29/17 Pending -- -- --
08/18/2017 08/18/17 For Sale $799,000 -- $322 / 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 $13,646 $893,190 $611,011 $282,179
2024 $13,646 $875,678 $599,031 $276,647
2023 $13,281 $858,509 $587,286 $271,223
2022 $12,736 $841,676 $575,771 $265,905
2021 $12,606 $825,174 $564,482 $260,692
2019 $12,261 $800,700 $547,740 $252,960
2018 $12,039 $785,000 $537,000 $248,000
2016 $7,964 $449,466 $121,881 $327,585
2015 $7,859 $442,716 $120,051 $322,665
2014 $7,877 $434,045 $117,700 $316,345
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2017

    Erasmo Magallanes

    Monarch Real Estate Services

    Section Image

  • E

    Buyer's Agent in 2017

    Edwin Mariscal

    Edwin Mariscal, Broker

    (562) 822-3891

    5 Total Sales

    Edwin Mariscal
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR17192419

California Regional Multiple Listing Service (CRMLS)

APN: 6009-027-015

California Los Angeles County Los Angeles 90001

1817 E 70th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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