NOT LISTED FOR SALE

223 E 74th St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $726,000 - $852,000

6 Beds
4 Baths
2,050 Sq Ft
$380/Sq Ft Est. Value

Last Sold September 06, 2018

Last sale price $490,000 $239 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $4,655/month

71 Days on Market

About This Home

As of September 2018

This Property has 2 houses on a lot. The front house is a duplex 3 bed 2 bathrooms and a 1 bedroom 1 bathroom. Back house is a 2 bedroom 1 bathroom.Pleas e don't disturb property is tenant occupied. Drive by Only. Sale is subject to Interior inspection

Last Agent to Sell the Property

Edgar Rosales

RE/MAX TOP PRODUCERS License #01997365 Listed on: 04/19/2018

RE/MAX TOP PRODUCERS

Last Buyer's Agent

Armin Soleimani

Global Platinum Properties, Inc. License #01846872

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,845

Year Built

  • Built in 1926

Lot Details

  • 5,513 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex

Interior Spaces

  • 2,050 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 5418
  • Tax Tract Number 1889
  • Assessor Parcel Number 6022010023

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Trash Expense $840
  • Water Sewer Expense $2,400
  • Operating Expense $4,140
  • Gross Income $5,000
  • Net Operating Income $4,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,845

Year Built

Built in 1926

Lot Details

0

Listing Details

  • CapRate: 9.00
  • Property Attached: Yes
  • Subdivision Name Other: South Central Los Angeles
  • Water Sewer Expenses: 2400.00
  • Zoning: LAR2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 6022010023
  • Year Built: 1926
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 239.02

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5513.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 5000.00
  • Gross Operating Income: 5000.00
  • Gross Scheduled Income: 5000.00
  • Insurance Expense: 900.00
  • Net Operating Income: 4700.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 300.00
  • Rent Control: Yes
  • Total Actual Rent: 3550.00
  • Total Expenses: 4140.00

Tax Info

  • Tax Census Tract: 2396.01
  • Tax Lot: 5418
  • Tax Tract Number: 1889

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 20, 2020
Sold by
Sharafi Reza
Bought by
Glendon Enterprises Llc
Current Estimated Value
$778,792

Purchase Details

Closed on
Jul 2, 2019
Sold by
Shara
Bought by
Glend

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.73%

Purchase Details

Closed on
Jun 26, 2018
Sold by
Cantero Gomez Bernardo and Cantero Gomez Maria De Jesus
Bought by
Sharafi Reza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2007
Sold by
Gomez Jesus
Bought by
Cantero Gomez Bernardo and Cantero Gomez Maria Dejesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,200
Interest Rate
6.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 1997
Sold by
Gomez Jesus
Bought by
Cantero Gomez Bernardo and Cantero Gomez Maria Dejesus
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
Glendon Enterprise Llc -- Chicago Title
Sharafi Reza -- Chicago Title
Glendon Enterprises Llc -- Accommodation
Glend -- --
Sharafi Reza $490,000 Chicago Title Company
Cantero Gomez Bernardo -- Commonwealth Title
Cantero Gomez Bernardo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sharafi Reza $369,000
Previous Owner Glend --
Previous Owner Sharafi Reza $367,500
Previous Owner Cantero Gomez Bernardo $382,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/06/2018 09/06/18 Sold $490,000 -7.5% $239 / Sq Ft
07/11/2018 07/11/18 For Sale $530,000 +8.2% $259 / Sq Ft
07/03/2018 07/03/18 Off Market $490,000 -- --
04/19/2018 04/19/18 For Sale $530,000 -- $259 / 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 $6,845 $546,600 $390,429 $156,171
2024 $6,845 $535,883 $382,774 $153,109
2023 $6,717 $525,376 $375,269 $150,107
2022 $6,413 $515,075 $367,911 $147,164
2021 $6,329 $504,977 $360,698 $144,279
2020 $6,388 $499,800 $357,000 $142,800
2019 $6,144 $490,000 $350,000 $140,000
2018 $2,037 $145,963 $56,229 $89,734
2016 $1,929 $140,297 $54,047 $86,250
2015 $1,904 $138,191 $53,236 $84,955
2014 $1,931 $135,485 $52,194 $83,291
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Edgar Rosales

    RE/MAX

    Section Image
  • Armin Soleimani

    Buyer's Agent in 2018

    Armin Soleimani

    Global Platinum Properties, Inc.

    (310) 666-2246

    1 in this area

    58 Total Sales

    Armin Soleimani
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV18090603

California Regional Multiple Listing Service (CRMLS)

APN: 6022-010-023

California Los Angeles County Los Angeles 90003 Florence

223 E 74th St, Los Angeles, CA

This home is located at 223 E 74th St, Los Angeles, CA 90003 since 19 April 2018 and is currently estimated at $778,792, approximately $379 per square foot. This property was built in 1926. 223 E 74th 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.

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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