NOT LISTED FOR SALE

1850 E 71st St Los Angeles, CA 90001

Estimated Value: $967,000 - $1,219,235

5 Beds
5 Baths
2,300 Sq Ft
$496/Sq Ft Est. Value

Last Sold April 13, 2018

Last sale price $617,000 $268 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $6,954/month

35 Days on Market

About This Home

As of April 2018

Great Investment property in the County section of Los Angeles. Non-Rent controlled Quadruplex close to shopping and transportation. These units are never vacant. Owner's unit will be delivered vacant.

Last Agent to Sell the Property

Hector Laija

HL REALTY GROUP License #01701706 Listed on: 01/20/2018

Last Buyer's Agent

Carlos Estrada

Liberty Investment Group License #01413560

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,568

Year Built

  • Built in 1923

Lot Details

  • 5,647 Sq Ft Lot
  • No Common Walls
  • No Landscaping

Parking

  • 2 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 2,300 Sq Ft Home
  • Bonus Room with Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 5330
  • Assessor Parcel Number 6009029002

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Trash Expense $700
  • Water Sewer Expense $1,800
  • New Taxes Expense $7,500
  • Operating Expense $11,500
  • Gross Income $3,175
  • Net Operating Income $2,217

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,568

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Zoning: LCR4YY
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 6009029002
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Fireplace Features: Bonus Room
  • Price Per Square Foot: 268.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 700.00
  • 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: No Landscaping
  • Lot Size Sq Ft: 5647.00

Multi Family

  • Average1 Bed Area: 672 Square Feet
  • Gross Income: 3175.00
  • Gross Scheduled Income: 3175.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 2216.67
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 958.33
  • Rent Control: No
  • Total Expenses: 11500.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Census Tract: 5330.02
  • Tax Lot: 2
  • Tax Tract Number: 5330

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2024
Sold by
Sola Impact Fund Ii Lp
Bought by
Wu Thomas
Current Estimated Value
$1,139,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,143,898
Interest Rate
6.32%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 26, 2019
Sold by
Sola Impact Fund Ii Lp
Bought by
Sola Impact Fund Ii Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 20, 2018
Closed on
Mar 5, 2018
Sold by
Ochoa Victoria and Luis R Ochoa Living Trust
Bought by
Sola Impact Fund Ii Lp
Seller's Agent
Hector Laija
HL REALTY GROUP
Buyer's Agent
Carlos Estrada
Liberty Investment Group
List Price
$599,999
Sold Price
$617,000
Premium/Discount to List
$17,001
2.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.83%

Purchase Details

Closed on
Feb 11, 2006
Sold by
Ochoa Luis
Bought by
Ochoa Luis R and The Luis R Ochoa Living Trust

Purchase Details

Closed on
Jan 8, 2004
Sold by
Ochoa Luis
Bought by
Ochoa Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
5.32%
Mortgage Type
New Conventional
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
Wu Thomas $1,165,000 Provident Title
Wu Thomas $1,165,000 Provident Title
Sola Impact Fund Ii Lp -- Provident Title
Sola Impact Fund Ii Lp $617,000 Wfg National Title Company
Ochoa Luis R -- None Available
Ochoa Luis -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wu Thomas $1,143,898
Previous Owner Sola Impact Fund Ii Lp $504,000
Previous Owner Sola Impact Fund Ii Lp $834,000
Previous Owner Sola Impact Fund Ii Lp $462,750
Previous Owner Ochoa Luis $390,000
Previous Owner Ochoa Luis $230,000
Previous Owner Ochoa Luis $20,450
Previous Owner Ochoa Luis $176,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2018 04/13/18 Sold $617,000 +2.8% $268 / Sq Ft
02/24/2018 02/24/18 Pending -- -- --
01/20/2018 01/20/18 For Sale $599,999 -- $261 / 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 $10,568 $1,165,000 $865,000 $300,000
2024 $10,568 $688,270 $323,498 $364,772
2023 $10,063 $674,775 $317,155 $357,620
2022 $9,515 $661,545 $310,937 $350,608
2021 $9,410 $648,575 $304,841 $343,734
2019 $9,140 $629,340 $295,800 $333,540
2018 $7,968 $530,400 $344,760 $185,640
2016 $3,656 $168,941 $74,135 $94,806
2015 $3,611 $166,404 $73,022 $93,382
2014 $3,625 $163,145 $71,592 $91,553
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2018

    Hector Laija

    HL REALTY GROUP

    18 Total Sales

    Hector Laija
    Section Image
  • Carlos Estrada

    Buyer's Agent in 2018

    Carlos Estrada

    Liberty Investment Group

    (562) 477-8983

    5 in this area

    53 Total Sales

    Carlos Estrada
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB18015126

California Regional Multiple Listing Service (CRMLS)

APN: 6009-029-002

California Los Angeles County Los Angeles 90001

1850 E 71st St, Los Angeles, CA

This home is located at 1850 E 71st St, Los Angeles, CA 90001 since 20 January 2018 and is currently estimated at $1,139,809, approximately $495 per square foot. This property was built in 1923. 1850 E 71st St is a home located in Los Angeles County with nearby schools including Florence Avenue Elementary School, Thomas A. Edison Middle School, and Linda Esperanza Marquez High School.

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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