NOT LISTED FOR SALE

241 E 112th St Los Angeles, CA 90061

Broadway-Manchester Neighborhood

Estimated Value: $877,000 - $1,070,000

5 Beds
4 Baths
2,200 Sq Ft
$434/Sq Ft Est. Value

Sale Details

Date Sold: February 3, 2022

Last sale price $821,000 $373 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,995 / mo

17 Days on Market

About This Home

As of February 2022

***INVESTMENT PROPERTY***FOUR APARTMENT UNITS, EACH HAVE OWN GARAGE. LONG SPACIOUS DRIVEWAY WITH LOT SPACE FOR PARKING. POTENTIAL SPACE FOR POSSIBLE EXTRA UNIT OR PARKING SPACE. ***CENTRALLY LOCATED, CLOSE TO EVERYWHERE. ACROSS to University pathways Medical Magnet Academy, ACROSS to Samuel Gompers Middle School. MINUTES AWAY fromAlain LeRoy Locke College Preparatory Academy. SHORT DISTANCE from Los Angeles Southwest College, HOSPITALS, SCHOOLS, CHURCH, RESTAURANTS, PUBLIC TRANSPORTATION. *** MINUTES AWAY TO FRWYS 105 & 110. ***CLOSE PROXIMITY TO SoFi STADIUM.

Last Agent to Sell the Property

Irma Vergaray

PAK Home Realty License #01781592 Listed on: 11/19/2021

PAK Home Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 6,571 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • 2,200 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Floor Furnace
  • Water Heater

Additional Features

  • Gas Range
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 48
  • Tax Tract Number 4897
  • Assessor Parcel Number 6073023026
  • $898 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • Water Sewer Expense $2,690
  • Operating Expense $11,986
  • Gross Income $61,801
  • Net Operating Income $49,815

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

6,571 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2690.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6073023026
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 373.18

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range, Water Heater
  • Heating Type: Floor Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6571.00
  • Lot Size Acres: 0.1508
  • Latitude Manual: 33.93310000

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 61801.00
  • Gross Scheduled Income: 86400.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6571.0000 Square Feet
  • Net Operating Income: 49815.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 11986.00
  • Rent Control: Yes
  • Total Expenses: 11986.00

Tax Info

  • Tax Census Tract: 2411.10
  • Tax Lot: 48
  • Tax Tract Number: 4897
  • TaxOtherAnnualAssessmentAmount: 898.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2021
Closed on
Dec 10, 2021
Sold by
Brijan Properties Llc
Bought by
Varela David
Seller's Agent
Irma Vergaray
PAK Home Realty
List Price
$845,000
Sold Price
$821,000
Premium/Discount to List
-$24,000
-2.84%
Current Estimated Value
$954,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,734
Avg. Annual Appreciation
3.61%
Original Mortgage
$609,750
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 5, 2020
Closed on
Nov 12, 2020
Sold by
Diaz Ricardo
Bought by
Brijan Properties Llc
Seller's Agent
Sergio Martinez
Pak Home Realty
Buyer's Agent
Irma Vergaray
PAK Home Realty
List Price
$799,000
Sold Price
$765,000
Premium/Discount to List
-$34,000
-4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.22%

Purchase Details

Closed on
Jul 17, 2006
Sold by
Llamas Julio Cesar
Bought by
Llamas Julio Cesar and Llamas Maria De La Luz

Purchase Details

Closed on
Feb 23, 2006
Sold by
Campbell Cheryl
Bought by
Diaz Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
7.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 6, 2002
Sold by
Williams Wilbur A and Williams Betty J
Bought by
Campbell Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,200
Interest Rate
6.43%
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
Varela David $1,730,000 Fidelity National Title
Brijan Properties Llc $765,000 Fidelity National Title Co
Llamas Julio Cesar -- North American Title Co
Llamas Julio Cesar -- North American Title Co
Diaz Ricardo $520,000 Equity Title Company
Campbell Cheryl $214,000 South Coast Title
Campbell Cheryl -- South Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Varela David $609,750
Previous Owner Diaz Ricardo $390,000
Previous Owner Campbell Cheryl $171,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/03/2022 02/03/22 Sold $821,000 -2.8% $373 / Sq Ft
12/07/2021 12/07/21 Pending -- -- --
11/19/2021 11/19/21 For Sale $845,000 +10.5% $384 / Sq Ft
12/04/2020 12/04/20 Sold $765,000 -5.6% $348 / Sq Ft View Prior Sale
11/30/2020 11/30/20 Pending -- -- --
10/13/2020 10/13/20 Price Changed $810,000 +5.9% $368 / Sq Ft
10/12/2020 10/12/20 Price Changed $765,000 -4.3% $348 / Sq Ft
10/05/2020 10/05/20 For Sale $799,000 -- $363 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $11,194 $871,250 $371,422 $499,828
2024 $11,194 $854,168 $364,140 $490,028
2023 $10,984 $837,420 $357,000 $480,420
2022 $10,020 $780,300 $459,000 $321,300
2021 $9,892 $765,000 $450,000 $315,000
2020 $8,696 $649,763 $449,837 $199,926
2019 $8,367 $637,023 $441,017 $196,006
2018 $7,247 $540,000 $373,800 $166,200
2016 $6,687 $500,000 $325,000 $175,000
2015 $4,947 $355,000 $230,000 $125,000
2014 $5,560 $396,000 $256,200 $139,800
Source: Public Records

Agents Affiliated with this Home

  • Irma Vergaray

    Seller's Agent in 2022

    Irma Vergaray

    PAK Home Realty

    (818) 974-8430

    1 in this area

    8 Total Sales

    Irma Vergaray
    Section Image
  • Sergio Martinez

    Seller's Agent in 2020

    Sergio Martinez

    Pak Home Realty

    (562) 277-1172

    8 Total Sales

    Sergio Martinez
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21248132

California Regional Multiple Listing Service (CRMLS)

APN: 6073-023-026

California Los Angeles County Los Angeles 90061 Broadway-Manchester

241 E 112th 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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