NOT LISTED FOR SALE

231 E 111th St Los Angeles, CA 90061

Broadway-Manchester Neighborhood

Estimated Value: $566,000 - $913,584

3 Beds
2 Baths
1,301 Sq Ft
$555/Sq Ft Est. Value

Sale Details

Date Sold: November 29, 2018

Last sale price $420,000 $323 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,411 / mo

3 Days on Market

About This Home

As of November 2018

This property is two homes on one lot. Both are separate and in good condition. Front house is vacant and is a 2 bedroom 1 bath ready for buyer to live in. Back unit is a 1 bedroom 1 bath remodeled a year ago. The back tenant is month to month and comes with the property. Seller will not vacate. Tenant pays $900.00 per month. Seller also has planned approved and stamped for addition to front house for another 490 sqft and a car port to convert this into a 4 bedroom house with 2 baths. Plans come included in the sale of the property. This is priced below marked for a fast sale.

Last Agent to Sell the Property

Hernan Hernandez

Laura Mai, Broker License #01161183 Listed on: 10/22/2018

Last Buyer's Agent

Kenneth Palma

Palma Investments License #01886266

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 5,323 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 1,301 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Gas And Electric Dryer Hookup

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tax Lot 181
  • Tax Tract Number 4449
  • Assessor Parcel Number 6073015024

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Water Sewer Expense $1,250
  • New Taxes Expense $4,863
  • Operating Expense $2,850
  • Gross Income $10,800
  • Net Operating Income $9,120

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

5,323 Sq Ft Lot

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1250.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6073015024
  • Year Built: 1937
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 322.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5323.00
  • Lot Size Acres: 0.1222

Multi Family

  • Average1 Bed Area: 575 Square Feet
  • Average2 Bed Area: 725 Square Feet
  • Gross Income: 10800.00
  • Gross Scheduled Income: 10800.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 5323.0000 Square Feet
  • Net Operating Income: 9120.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 1680.00
  • Rent Control: Yes
  • Total Expenses: 2850.00

Tax Info

  • New Taxes Expense: 4863.00
  • Tax Census Tract: 2411.10
  • Tax Lot: 181
  • Tax Tract Number: 4449

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2018
Closed on
Oct 31, 2018
Sold by
Bought by
Seller's Agent
Hernan Hernandez
Laura Mai, Broker
Buyer's Agent
Kenneth Palma
Palma Investments
List Price
$389,000
Sold Price
$420,000
Premium/Discount to List
$31,000
7.97%
Current Estimated Value
$721,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,896
Avg. Annual Appreciation
7.38%
Original Mortgage
$412,392
Interest Rate
4.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 13, 2016
Sold by
Bought by

Purchase Details

Closed on
Oct 13, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
3.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
3.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 11, 2010
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$420,000 Lawyers Title
-- None Available
-- First American Title Company
-- First American Title Company
$165,000 First American Title Company
-- Fatco
-- Fatco
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $412,392
Previous Owner $175,000
Previous Owner $148,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/29/2018 11/29/18 Sold $420,000 +8.0% $323 / Sq Ft
10/25/2018 10/25/18 Pending -- -- --
10/22/2018 10/22/18 For Sale $389,000 -- $299 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,406 $498,435 $345,808 $152,627
2024 $6,292 $488,663 $339,028 $149,635
2023 $6,172 $479,082 $332,381 $146,701
2022 $5,893 $469,689 $325,864 $143,825
2021 $5,818 $460,480 $319,475 $141,005
2020 $5,849 $455,760 $316,200 $139,560
2019 $5,307 $420,000 $310,000 $110,000
2018 $3,377 $249,696 $145,656 $104,040
2016 $2,905 $213,202 $152,287 $60,915
2015 $1,896 $129,040 $64,520 $64,520
2014 $1,909 $126,514 $63,257 $63,257
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2018

    Hernan Hernandez

    Laura Mai, Broker

    Section Image

  • K

    Buyer's Agent in 2018

    Kenneth Palma

    Palma Investments

    (775) 257-9955

    1 in this area

    114 Total Sales

    Kenneth Palma
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18256122

California Regional Multiple Listing Service (CRMLS)

APN: 6073-015-024

California Los Angeles County Los Angeles 90061 Broadway-Manchester

231 E 111th St, Los Angeles, CA

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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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