NOT LISTED FOR SALE

222 E 78th St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $684,354 - $862,000

4 Beds
3 Baths
1,642 Sq Ft
$494/Sq Ft Est. Value

Last Sold February 25, 2014

Last sale price $346,000 $211 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $4,730/month

85 Days on Market

About This Home

As of February 2014

Triplex investment opportunity. Situated in Los Angeles East of the 110 FWY on a 5,401 sq. ft. lot is a 100% occupied triplex with two 1+1 units & a 2+1 SFR. This property was constructed in 1929 of wood frame stucco and sits on a raised foundation. The property is secured with a wrought iron fence and features 3 plus gated parking spaces. The property has recently undergone several improvements including a newer roof on the front building, upgraded electrical & plumbing, and aluminum windows throughout. This property is separately metered for gas & electric.

Last Agent to Sell the Property

Ian Hollinger

BRC Advisors- BH License #01889125 Listed on: 09/30/2013

BRC Advisors- BH

Last Buyer's Agent

Arbi Baghoomian

License #01863845

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,298

Year Built

  • Built in 1929

Lot Details

  • 5,401 Sq Ft Lot

Interior Spaces

  • 1,642 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Gated Parking

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 6022-016-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,298

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1642
  • Stories: 1
  • Year Built: 1929
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Price Per S Q F T: 213.15

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 3

Lot Info

  • Assessor Parcel Number: 6022-016-012
  • Geocode Override: No
  • Lot Size Area: 5401

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 9.80
  • Number Of Units: 3
  • Total Annual Expense: 11575
  • Type Of Units: Income
  • Vacancy Rate: 5%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2014
Sold by
Elyasi Vrej and Abrahamian Victoria
Bought by
Elyasi Vrej and Abrahamian Victoria
Current Estimated Value
$811,089

Purchase Details

Closed on
Dec 26, 2013
Sold by
Fg Property Management Inc
Bought by
Elyasi Vrej and Abrahamian Victoria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Interest Rate
4.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2013
Sold by
8006 Main & 78Th St Llc
Bought by
Fg Property Management Inc

Purchase Details

Closed on
Dec 20, 2006
Sold by
Fg Property Management Inc
Bought by
8006 Main & 78Th Street Llc

Purchase Details

Closed on
Aug 15, 2001
Sold by
One Step Forward Inc
Bought by
Fg Property Management Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.21%

Purchase Details

Closed on
Nov 13, 2000
Sold by
Hud
Bought by
One Step Forward Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,450
Interest Rate
7.81%

Purchase Details

Closed on
Jan 6, 1999
Sold by
Lima Juana and Lima Abundio
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Feb 26, 1998
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Dec 24, 1996
Sold by
Serrano Adeline
Bought by
Serrano Eusebio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,387
Interest Rate
7.53%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 25, 1996
Sold by
Serrano Eusebio
Bought by
Lima Abundio and Lima Juana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,387
Interest Rate
7.53%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 12, 1995
Sold by
Soto Joel
Bought by
Serrano Eusebio

Purchase Details

Closed on
Sep 12, 1994
Sold by
Serrano Adeline
Bought by
Soto Joel

Purchase Details

Closed on
Jul 26, 1993
Sold by
Serrano Adeline
Bought by
Serrano Eusebio

Purchase Details

Closed on
Apr 27, 1993
Sold by
Serrano Eusebio
Bought by
Serrano Adeline
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Elyasi Vrej -- None Available
Elyasi Vrej $346,003 Ticor Title
Fg Property Management Inc -- None Available
8006 Main & 78Th Street Llc -- None Available
Fg Property Management Inc $230,000 --
One Step Forward Inc $159,000 United Title Company
Countrywide Home Loans Inc $200,521 Landsafe Title
Hud -- Landsafe Title
Serrano Eusebio -- United Title Company
Lima Abundio $179,000 United Title Company
Serrano Eusebio -- --
Soto Joel -- --
Serrano Eusebio -- Old Republic Title Company
Serrano Adeline -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elyasi Vrej $258,000
Previous Owner Fg Property Management Inc $170,000
Previous Owner One Step Forward Inc $125,450
Previous Owner Lima Abundio $174,387
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2014 02/25/14 Sold $346,000 -7.7% $211 / Sq Ft
12/24/2013 12/24/13 Pending -- -- --
09/30/2013 09/30/13 For Sale $375,000 -- $228 / Sq Ft
Source: The MLS

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 $5,298 $419,983 $242,766 $177,217
2024 $5,298 $411,749 $238,006 $173,743
2023 $5,200 $403,677 $233,340 $170,337
2022 $4,965 $395,763 $228,765 $166,998
2021 $4,900 $388,004 $224,280 $163,724
2020 $4,945 $384,027 $221,981 $162,046
2019 $4,758 $376,498 $217,629 $158,869
2018 $4,680 $369,116 $213,362 $155,754
2016 $4,465 $354,784 $205,078 $149,706
2015 $4,402 $349,456 $201,998 $147,458
2014 $3,637 $277,165 $144,609 $132,556
Source: Public Records

Agents Affiliated with this Home

  • Ian Hollinger

    Seller's Agent in 2014

    Ian Hollinger

    BRC Advisors- BH

    (213) 226-8700

    1 in this area

    16 Total Sales

    Ian Hollinger
    Section Image

  • A

    Buyer's Agent in 2014

    Arbi Baghoomian

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Map

Source: The MLS

MLS Number: 13-707615

The MLS

APN: 6022-016-012

California Los Angeles County Los Angeles 90003 Florence

222 E 78th St, Los Angeles, CA

This home is located at 222 E 78th St, Los Angeles, CA 90003 since 30 September 2013 and is currently estimated at $811,089, approximately $493 per square foot. This property was built in 1929. 222 E 78th St is a home located in Los Angeles County with nearby schools including Seventy-Fifth Street Elementary School, Mary McLeod Bethune Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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