Seller's Agent in 2021
Herb Diaz
PLF Real Estate Solutions
(562) 639-9636
3 in this area
92 Total Sales
2023 E 76th Place Los Angeles, CA 90001
Estimated Value: $877,000 - $1,043,000
6
Beds
3
Baths
2,224
Sq Ft
$443/Sq Ft
Est. Value
About This Home
As of November 2021A once in a lifetime VALUE ADD property is now available for sale!! This amazing four-unit property features a 3 BR 1 Bath single-family residence, a Duplex that has (2) 1 Bedroom, 1 Bath units, and a 2 bedroom, 1 bath single-family residence that has been completely renovated!! Additionally, all four units have recently upgraded electrical panels. With parking for 8 spaces this property is truly an investor's delight and can be the centerpiece of any investors portfolio. Despite the COVID pandemic, ALL tenants have been paying and are on time with their rent. FMV Cap rate 7.5% (current is 5.5%) with a FMV GRM of 10.3 (Current 12.99%). Don't walk, RUN to this opportunity before it passes you by!!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 6,405 Sq Ft Lot
- 1 Common Wall
Home Design
- 2,224 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
Location
- Urban Location
Listing and Financial Details
- Tax Lot 73
- Tax Tract Number 5349
- Assessor Parcel Number 6025018021
Community Details
Overview
- 3 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $850
- Professional Management Expense $2,616
- Trash Expense $1,440
- Water Sewer Expense $2,400
- New Taxes Expense $10,625
- Operating Expense $17,931
- Gross Income $65,400
- Net Operating Income $60,710
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 20, 2020
Closed on
Jun 26, 2020
Sold by
Mendoza Johanna
Bought by
Mendoza Frank
Seller's Agent
George Valencia
Century 21 A Better Service
Buyer's Agent
Herb Diaz
PLF Real Estate Solutions
List Price
$750,000
Sold Price
$770,000
Premium/Discount to List
$20,000
2.67%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,533
Avg. Annual Appreciation
4.56%
Original Mortgage
$577,500
Outstanding Balance
$511,910
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$472,740
Purchase Details
Closed on
Mar 4, 2020
Sold by
Hernandez Rodrigo and Hernandez Concepcion
Bought by
Mendoza Frank
Purchase Details
Closed on
Apr 26, 2006
Sold by
Hernandez Concepcion
Bought by
Hernandez Rodrigo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,000
Interest Rate
6.29%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Mar 30, 1994
Sold by
Hernandez Rodrigo and Hernandez Concepcion
Bought by
Hernandez Concepcion
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mendoza Frank | -- | Lawyers Title Company | |
| Mendoza Frank | $770,000 | Lawyers Title | |
| Hernandez Rodrigo | -- | Fidelity National Title Co | |
| Hernandez Concepcion | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mendoza Frank | $577,500 | |
| Previous Owner | Hernandez Rodrigo | $199,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/17/2021 11/17/21 | Sold | $865,000 | +1.8% | $389 / Sq Ft | |
| 07/29/2021 07/29/21 | For Sale | $849,900 | +10.4% | $382 / Sq Ft | |
| 07/03/2020 07/03/20 | Sold | $770,000 | +2.7% | $120 / Sq Ft | View Prior Sale |
| 06/06/2020 06/06/20 | For Sale | $750,000 | 0.0% | $117 / Sq Ft | |
| 04/15/2020 04/15/20 | Price Changed | $750,000 | 0.0% | $117 / Sq Ft | |
| 02/05/2020 02/05/20 | Pending | -- | -- | -- | |
| 01/20/2020 01/20/20 | For Sale | $750,000 | -- | $117 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $13,305 | $917,944 | $530,604 | $387,340 |
| 2024 | $12,976 | $899,946 | $520,200 | $379,746 |
| 2023 | $12,427 | $882,300 | $510,000 | $372,300 |
| 2022 | $11,872 | $865,000 | $500,000 | $365,000 |
| 2021 | $10,838 | $770,000 | $350,000 | $420,000 |
| 2020 | $4,974 | $259,986 | $89,129 | $170,857 |
| 2019 | $4,830 | $254,889 | $87,382 | $167,507 |
| 2018 | $4,682 | $249,892 | $85,669 | $164,223 |
| 2016 | $4,495 | $240,191 | $82,344 | $157,847 |
| 2015 | $4,436 | $236,584 | $81,108 | $155,476 |
| 2014 | $4,450 | $231,951 | $79,520 | $152,431 |
Source: Public Records
Agents Affiliated with this Home
-
Herb Diaz
-
George Valencia
Seller's Agent in 2020
George Valencia
Century 21 A Better Service
(562) 250-7151
3 in this area
105 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW21167246
APN: 6025-018-021
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.
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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