NOT LISTED FOR SALE

241 E 111th St Los Angeles, CA 90061

Broadway-Manchester Neighborhood

Estimated Value: $1,033,000 - $1,349,000

10 Beds
6 Baths
3,555 Sq Ft
$334/Sq Ft Est. Value

Last Sold December 02, 2019

Last sale price $885,000 $249 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $7,196/month

1 Day on Market

Highlights

  • New Construction
  • Laundry Room
  • ENERGY STAR Qualified Appliances
  • Double Pane Windows
  • Landscaped
  • 3-minute walk to 111th Pace Pocket Park

About This Home

As of December 2019

Very desirable, income producing duplex. This duplex consists of two (2) 5-Bedroom / 3-Bathroom units. The property has one single car garage located at the front of the property and a two car garage located in the rear of the property. This design allows each unit to have the luxury of a garage. Each unit includes dual pane vinyl windows, granite counter tops, wood cabinets throughout, tile flooring in kitchens and baths, mirrored closet doors, carpeted bedrooms, and forced heat throughout both units. The property has a beautiful artificial lawn to help minimize maintenance and water usage. This is new construction, no rent control! Agents bring your investors!

Last Agent to Sell the Property

Andy Zuppardo

Crystal View Realty License #01927358 Listed on: 09/23/2019

Last Buyer's Agent

Andy Zuppardo

Crystal View Realty License #01927358 Listed on: 09/23/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 5,323 Sq Ft Lot
  • 1 Common Wall
  • Landscaped

Parking

  • 3 Car Garage

Home Design

  • Duplex
  • Turnkey

Interior Spaces

  • 3,555 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • ENERGY STAR Qualified Windows

Kitchen

  • Gas Range
  • ENERGY STAR Qualified Appliances

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • ENERGY STAR Qualified Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone, trash collection
  • Tax Lot 182
  • Tax Tract Number 4449
  • Assessor Parcel Number 6073015027

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $72,000
  • Net Operating Income $72,000

Property Details

Home Type

Multi-Family

Year Built

Built in 2019 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Zoning: LAR2
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6073015027
  • Year Built: 2019
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 248.95
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Gas Range
  • Heating Type: Central, Natural Gas
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 5323.00
  • Lot Size Acres: 0.1222

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone, Trash Collection

Multi Family

  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Lot Size Area: 5323.0000 Square Feet
  • Net Operating Income: 72000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Census Tract: 2371.02
  • Tax Lot: 182
  • Tax Tract Number: 4449

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2020
Sold by
Gormly Donald W and Gormly Nancy J
Bought by
Nandon Properties Llc
Current Estimated Value
$1,187,161

Purchase Details

Listed on
Sep 23, 2019
Closed on
Nov 21, 2019
Sold by
Ocean Developmet Inc
Bought by
Gormly Donald W and Gormly Nancy J
Seller's Agent
Andy Zuppardo
Crystal View Realty
Buyer's Agent
Andy Zuppardo
Crystal View Realty
List Price
$890,000
Sold Price
$885,000
Premium/Discount to List
-$5,000
-0.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.96%

Purchase Details

Closed on
Jan 24, 2019
Sold by
Divinity Ivory
Bought by
Divinity Dwight

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.5%

Purchase Details

Closed on
Jan 22, 2019
Sold by
Divinity Dwight
Bought by
Ocean Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.5%

Purchase Details

Closed on
Jun 6, 2007
Sold by
Divinity Ivory
Bought by
Divinity Ivory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2007
Sold by
Divinity Ivory
Bought by
Divinity Ivory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 4, 2005
Sold by
Divinity Veronica
Bought by
Divinity Ivory

Purchase Details

Closed on
Aug 30, 2001
Sold by
Divinity Veronica and Divinity Dwight
Bought by
Divinity Ivory
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Nandon Properties Llc $386,500 Lawyers Title
Gormly Donald W $885,000 Lawyers Title Burbank
Divinity Dwight -- Lawyers Title
Ocean Development Inc $347,500 Lawyers Title
Divinity Ivory -- Service Link
Divinity Ivory -- None Available
Divinity Ivory -- --
Divinity Ivory -- --
Divinity Ivory -- --
Divinity Ivory -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Divinity Dwight $400,000
Previous Owner Ocean Development Inc $400,000
Previous Owner Divinity Ivory $109,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2019 12/02/19 Sold $885,000 -0.6% $249 / Sq Ft
09/24/2019 09/24/19 Pending -- -- --
09/23/2019 09/23/19 For Sale $890,000 -- $250 / 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 $11,928 $957,950 $432,972 $524,978
2024 $11,928 $939,168 $424,483 $514,685
2023 $11,701 $920,754 $416,160 $504,594
2022 $11,167 $902,700 $408,000 $494,700
2021 $11,901 $885,000 $400,000 $485,000
2020 $11,231 $885,000 $400,000 $485,000
2019 $252 $326,400 $243,780 $82,620
2018 $2,336 $172,143 $132,424 $39,719
2016 $2,221 $165,461 $127,283 $38,178
2015 $2,187 $162,977 $125,372 $37,605
2014 $2,195 $159,786 $122,917 $36,869
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Andy Zuppardo

    Crystal View Realty

    (714) 595-6031

    2 in this area

    29 Total Sales

    Andy Zuppardo
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19227794

California Regional Multiple Listing Service (CRMLS)

APN: 6073-015-027

California Los Angeles County Los Angeles 90061 Broadway-Manchester

241 E 111th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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