NOT LISTED FOR SALE

1842 E 71st St Los Angeles, CA 90001

Estimated Value: $584,000 - $797,000

4 Beds
3 Baths
1,582 Sq Ft
$423/Sq Ft Est. Value

Sale Details

Date Sold: July 11, 2017

Last sale price $410,000 $259 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $4,230 / mo

64 Days on Market

Highlights

  • Private Yard
  • Bungalow
  • 3 Car Garage
  • Linda Esperanza Marquez High A Huntington Park Institute Of Applied Medicine Rated A-
  • Tile Flooring
  • Turnkey

About This Home

As of July 2017

Well maintained Triplex in high rental demand area of NON RENT CONTROL Southeast Los Angeles! This property features 3 detached bungalow style units with a detached 3 car garage. Rents are low and have room for increase! Each unit has been renovated and has newer kitchen cabinets, granite counter tops, dual pane windows, exterior/interior paint, copper plumbing and even an updated electrical! Perfect for a first time buyer or investor looking to add 3 units to a growing portfolio. One unit to be delivered vacant prior to close of escrow.

Last Agent to Sell the Property

Jimmy Alexander

Jimmy Alexander, Broker License #01876523 Listed on: 04/11/2017

Jimmy Alexander, Broker

Last Buyer's Agent

Jimmy Alexander

Jimmy Alexander, Broker License #01876523 Listed on: 04/11/2017

Jimmy Alexander, Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,722 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Chain Link Fence
  • Paved or Partially Paved Lot
  • Private Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Side Facing Garage
  • Shared Driveway

Home Design

  • Triplex
  • Bungalow
  • Entry on the 1st floor
  • Turnkey
  • Composition Roof

Interior Spaces

  • 1,582 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 4
  • Tax Tract Number 33
  • Assessor Parcel Number 6009029004

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Trash Expense $1,920
  • Water Sewer Expense $1,920
  • New Taxes Expense $4,000
  • Operating Expense $8,940
  • Net Operating Income $25,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

5,722 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1920.00
  • Zoning: LCR4YY
  • Architectural Style: Bungalow
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6009029004
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 259.17
  • Room Type: Kitchen

Exterior Features

  • Fence: Yes
  • Fencing: Block, Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Shared Driveway, Concrete, Garage, Garage Faces Side
  • Total Parking Spaces: 3.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 1920.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved, Yard
  • Lot Size Sq Ft: 5722.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 484 Square Feet
  • Average2 Bed Area: 484 Square Feet
  • Average3 Bed Area: 614 Square Feet
  • Gross Scheduled Income: 34620.00
  • Insurance Expense: 1100.00
  • Net Operating Income: 25680.00
  • 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: 8940.00
  • Rent Control: Yes
  • Total Actual Rent: 34620.00
  • Total Expenses: 8940.00

Tax Info

  • New Taxes Expense: 4000.00
  • Tax Census Tract: 5330.02
  • Tax Lot: 4
  • Tax Tract Number: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2019
Sold by
Yaghijanian Esther
Bought by
Electric Holdings Llc
Current Estimated Value
$669,258

Purchase Details

Closed on
Jun 19, 2019
Sold by
Bedford Property Investment Group
Bought by
Yaghijanian Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 11, 2017
Closed on
Jul 3, 2017
Sold by
Flash Cow Llc
Bought by
Bedford Property Investment Group
Seller's Agent
Jimmy Alexander
Jimmy Alexander, Broker
Buyer's Agent
Jimmy Alexander
Jimmy Alexander, Broker
List Price
$415,000
Sold Price
$410,000
Premium/Discount to List
-$5,000
-1.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%
Original Mortgage
$350,000
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 26, 2012
Sold by
Galvan Javier
Bought by
Flash Cow Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2012
Sold by
Galvan Javier
Bought by
Galvan Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 17, 2012
Closed on
Feb 27, 2012
Sold by
Federal National Mortgage Association
Bought by
Galvan Javier
Seller's Agent
Raymond Eshaghian
Raymond Realty Group
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$214,900
Sold Price
$171,000
Premium/Discount to List
-$43,900
-20.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.12%
Original Mortgage
$210,000
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 17, 2010
Sold by
Stein Michael A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 30, 2006
Sold by
Guzman Henry
Bought by
Stein Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
7.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2004
Sold by
Messer Rebecca
Bought by
Guzman Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.64%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 31, 2002
Sold by
Alliance Security Corp
Bought by
Messer Rebecca

Purchase Details

Closed on
Apr 11, 1997
Sold by
Castaneda Carlos R and Castaneda Maria
Bought by
Alliance Security Corp

Purchase Details

Closed on
Sep 2, 1994
Sold by
Messer Rebecca
Bought by
Castaneda Carlos Ruiz and Castaneda Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,000
Interest Rate
8.65%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 26, 1994
Sold by
Alliance Security Corp
Bought by
Messer Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
4.62%

Purchase Details

Closed on
Apr 21, 1994
Sold by
Callaghan John
Bought by
Alliance Security Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
4.62%
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
Electric Holdings Llc -- None Available
Yaghijanian Esther -- Old Republic Title
Bedford Property Investment Group $410,000 Chicago Title
Flash Cow Llc -- Accommodation
Galvan Javier -- Lawyers Title
Galvan Javier $171,000 Stewart Title Of California
Federal National Mortgage Association $501,721 Landsafe
Stein Michael A $530,000 Ortc
Guzman Henry $350,000 Stewart Title
Messer Rebecca $93,772 --
Alliance Security Corp -- --
Castaneda Carlos Ruiz $68,500 Investors Title Company
Messer Rebecca $185,000 Investors Title Company
Alliance Security Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yaghijanian Esther $399,000
Previous Owner Bedford Property Investment Group $350,000
Previous Owner Galvan Javier $210,000
Previous Owner Galvan Javier $210,000
Previous Owner Stein Michael A $424,000
Previous Owner Guzman Henry $245,000
Previous Owner Castaneda Carlos Ruiz $233,000
Previous Owner Messer Rebecca $166,500
Closed Guzman Henry $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/11/2017 07/11/17 Sold $410,000 0.0% $259 / Sq Ft
06/14/2017 06/14/17 Pending -- -- --
06/06/2017 06/06/17 Off Market $410,000 -- --
06/02/2017 06/02/17 Price Changed $415,000 0.0% $262 / Sq Ft
06/02/2017 06/02/17 For Sale $415,000 -2.4% $262 / Sq Ft
05/26/2017 05/26/17 Price Changed $425,000 -5.6% $269 / Sq Ft
05/02/2017 05/02/17 Pending -- -- --
04/29/2017 04/29/17 For Sale $450,000 +9.8% $284 / Sq Ft
04/18/2017 04/18/17 Off Market $410,000 -- --
04/11/2017 04/11/17 For Sale $450,000 +163.2% $284 / Sq Ft
03/12/2012 03/12/12 Sold $171,000 -20.4% $353 / Sq Ft View Prior Sale
02/17/2012 02/17/12 Pending -- -- --
01/17/2012 01/17/12 For Sale $214,900 -- $444 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,188 $553,381 $300,751 $252,630
2024 $8,188 $542,531 $294,854 $247,677
2023 $7,804 $531,894 $289,073 $242,821
2022 $7,466 $521,465 $283,405 $238,060
2021 $7,385 $511,242 $277,849 $233,393
2020 $7,436 $530,604 $228,888 $301,716
2019 $7,451 $520,200 $224,400 $295,800
2018 $7,831 $510,000 $220,000 $290,000
2016 $3,869 $220,527 $156,034 $64,493
2015 $3,816 $217,216 $153,691 $63,525
2014 $3,826 $212,962 $150,681 $62,281
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17066230

California Regional Multiple Listing Service (CRMLS)

APN: 6009-029-004

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