Seller's Agent in 2022
Carlos Garcia
Excellence RE Real Estate, Inc.
(323) 239-8012
3 in this area
61 Total Sales
207 W 78th St Los Angeles, CA 90003
Florence NeighborhoodEstimated Value: $918,000 - $1,044,000
7
Beds
4
Baths
2,039
Sq Ft
$474/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- Wall Furnace
- Park
About This Home
As of September 2022Welcome to Los Angeles Florence West an up and coming neighborhood within minutes to Downtown Los Angeles. This income property has two homes on a lot and brings an incredible opportunity for first time home buyers, cashflow investors, buy and hold investors, or you can “house hack” by living in one unit and renting out the other unit. The front unit is occupied with great tenants, huge 5 bedroom 2 bath with a spacious attic that can be converted into an extra bedroom or living space. The front unit has been fully remodeled with new flooring, new paint, new double pane windows, newer roof, remodeled kitchen and bathrooms. The second unit is ready to move in is a spacious 2 bedroom 2 bath home. There is plenty of parking space on the lot, enough to park up to 6 cars with seamless access from the alley. Why rent when you can own and live in the back unit, rent out the front unit, and cut your payments in more than half! Live nearly mortgage free. Property it’s centrally located near the University of Southern California, The iconic LA Memorial Coliseum, LAX, LAFC stadium, new SOFI Stadium, major freeways 110, 10, 105, stores & shops, and minutes away from the vibrant DTLA.
Last Agent to Sell the Property
Excellence RE Real Estate, Inc. License #02077351 Listed on: 06/15/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,281
Year Built
- Built in 1922
Lot Details
- 6,301 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- 2,039 Sq Ft Home
- Duplex
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 228
- Tax Tract Number 7
- Assessor Parcel Number 6031017020
- $345 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Recreation
- Park
Building Details
- 2 Leased Units
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 15, 2022
Closed on
Aug 29, 2022
Sold by
Alberto Alvarez Irvin Stanley
Bought by
Cruz Doroteo Aragon and Cruz Silvia Garcia
Seller's Agent
Carlos Garcia
Excellence RE Real Estate, Inc.
Buyer's Agent
Monserrat Torres
Ambiance Realty
List Price
$800,000
Sold Price
$810,000
Premium/Discount to List
$10,000
1.25%
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
$155,687
Avg. Annual Appreciation
5.85%
Original Mortgage
$795,328
Outstanding Balance
$758,231
Interest Rate
4.99%
Mortgage Type
FHA
Estimated Equity
$207,456
Purchase Details
Listed on
Jan 11, 2021
Closed on
Jan 26, 2021
Sold by
Steven Raynald Tessin Ii Living Trust
Bought by
Alvarez Irvin Stanley Albe
Seller's Agent
Lenny Figueroa
Lifetime Realty Inc
Buyer's Agent
Jose Perez
Nueva Real Estate
List Price
$655,000
Sold Price
$670,000
Premium/Discount to List
$15,000
2.29%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.93%
Original Mortgage
$670,000
Interest Rate
2.65%
Mortgage Type
VA
Purchase Details
Closed on
Apr 3, 2020
Sold by
Tassin Steven Raynald and Tassin Steven R
Bought by
Tassin Steven Raynald and Tassin Steven Raynald
Purchase Details
Listed on
Apr 3, 2019
Closed on
Oct 17, 2019
Sold by
Tassin Steven R and Tassin Phanthanan
Bought by
Tassin Steven R
Seller's Agent
GREGORY KEY
ITP Realty Group
Buyer's Agent
Lenny Figueroa
Lifetime Realty Inc
List Price
$550,000
Sold Price
$540,000
Premium/Discount to List
-$10,000
-1.82%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.93%
Purchase Details
Closed on
Jun 22, 2019
Sold by
Dupree Karen
Bought by
Tassin Steven R and Tassin Phanthanan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,219
Interest Rate
3.5%
Mortgage Type
FHA
Purchase Details
Closed on
Oct 23, 2002
Sold by
Family Renewal Development Center Inc
Bought by
Dupree Karen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 13, 2002
Sold by
Hud
Bought by
Family Renewal Development Center Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
6.78%
Purchase Details
Closed on
Dec 6, 1999
Sold by
Norwest Mtg Inc
Bought by
Hud
Purchase Details
Closed on
Sep 13, 1996
Sold by
Ramirez Margarita C and Zarate Abraham
Bought by
Norwest Mtg Inc
Purchase Details
Closed on
May 23, 1996
Sold by
Coreas Luis A
Bought by
Claude Martha and Coreas Millton
Purchase Details
Closed on
Oct 27, 1994
Sold by
Ramirez Margarita C and Zarate Abraham
Bought by
Coreas Luis A and Coreas Millton
Purchase Details
Closed on
Dec 1, 1993
Sold by
Miller John Charles
Bought by
Ramirez Margarita C and Zarate Abraham
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,250
Interest Rate
7.29%
Mortgage Type
FHA
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 |
|---|---|---|---|
| Cruz Doroteo Aragon | $810,000 | Pacific Coast Title | |
| Alvarez Irvin Stanley Albe | $670,000 | Wfg National Title Insurance C | |
| Tassin Steven Raynald | -- | None Available | |
| Tassin Steven R | -- | None Available | |
| Tassin Steven R | $540,000 | First American Title | |
| Dupree Karen | $215,000 | First Southwestern Title Co | |
| Family Renewal Development Center Inc | $140,000 | First Southwestern Title Co | |
| Hud | -- | Stewart Title | |
| Norwest Mtg Inc | $177,566 | Stewart Title | |
| Claude Martha | -- | -- | |
| Coreas Luis A | -- | -- | |
| Ramirez Margarita C | $164,545 | World Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cruz Doroteo Aragon | $795,328 | |
| Previous Owner | Alvarez Irvin Stanley Albe | $670,000 | |
| Previous Owner | Tassin Steven R | $530,219 | |
| Previous Owner | Dupree Karen | $172,000 | |
| Previous Owner | Family Renewal Development Center Inc | $139,500 | |
| Previous Owner | Ramirez Margarita C | $167,250 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/16/2022 09/16/22 | Sold | $810,000 | -1.2% | $397 / Sq Ft | |
| 08/18/2022 08/18/22 | Price Changed | $820,000 | +2.5% | $402 / Sq Ft | |
| 08/16/2022 08/16/22 | Pending | -- | -- | -- | |
| 08/11/2022 08/11/22 | For Sale | $800,000 | 0.0% | $392 / Sq Ft | |
| 07/29/2022 07/29/22 | Price Changed | $800,000 | -2.4% | $392 / Sq Ft | |
| 07/25/2022 07/25/22 | Pending | -- | -- | -- | |
| 07/14/2022 07/14/22 | Price Changed | $819,900 | 0.0% | $402 / Sq Ft | |
| 06/15/2022 06/15/22 | For Sale | $819,999 | +22.4% | $402 / Sq Ft | |
| 02/23/2021 02/23/21 | Sold | $670,000 | +2.3% | $329 / Sq Ft | View Prior Sale |
| 01/20/2021 01/20/21 | Pending | -- | -- | -- | |
| 01/11/2021 01/11/21 | For Sale | $655,000 | +21.3% | $321 / Sq Ft | |
| 08/30/2019 08/30/19 | Sold | $540,000 | -1.8% | $265 / Sq Ft | View Prior Sale |
| 05/13/2019 05/13/19 | Pending | -- | -- | -- | |
| 04/03/2019 04/03/19 | For Sale | $550,000 | -- | $270 / 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 | $10,281 | $842,724 | $624,240 | $218,484 |
| 2024 | $10,281 | $826,200 | $612,000 | $214,200 |
| 2023 | $10,085 | $810,000 | $600,000 | $210,000 |
| 2022 | $6,580 | $683,400 | $408,000 | $275,400 |
| 2021 | $6,759 | $545,594 | $404,144 | $141,450 |
| 2020 | $6,825 | $540,240 | $400,000 | $140,240 |
| 2019 | $3,622 | $279,369 | $122,035 | $157,334 |
| 2018 | $3,537 | $273,897 | $119,643 | $154,254 |
| 2016 | $3,364 | $263,034 | $114,999 | $148,035 |
| 2015 | $3,318 | $259,084 | $113,272 | $145,812 |
| 2014 | $3,341 | $254,010 | $111,054 | $142,956 |
Source: Public Records
Agents Affiliated with this Home
-
Carlos Garcia
-
Monserrat Torres
Buyer's Agent in 2022
Monserrat Torres
Ambiance Realty
(424) 378-5096
2 in this area
89 Total Sales
-
Lenny Figueroa
Seller's Agent in 2021
Lenny Figueroa
Lifetime Realty Inc
(562) 991-4465
1 in this area
27 Total Sales
-
Jose Perez
Buyer's Agent in 2021
Jose Perez
Nueva Real Estate
(323) 239-8012
4 in this area
85 Total Sales
-
GREGORY KEY
Seller's Agent in 2019
GREGORY KEY
ITP Realty Group
(310) 877-1989
4 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW22129073
APN: 6031-017-020
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