NOT LISTED FOR SALE

246 E 68th St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $676,000 - $939,169

2 Beds
2 Baths
1,170 Sq Ft
$644/Sq Ft Est. Value

Last Sold July 01, 2021

Last sale price $545,000 $466 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,538/month

103 Days on Market

About This Home

As of July 2021

LOOKING FOR BACKUP OFFERS!!! Call Listing Agent for more info. Great investment opportunity with huge potential upside! Property will be delivered FULLY VACANT at close of escrow! Buyer can place new tenants at market rent to receive a great cash flow, or a perfect opportunity for owner user. Currently, the unit mix is two 1 bed room and 1 bathroom. Seller has already submitted to the city to convert this duplex into 4 units by building 2 ADUs on the property (each 3 bed 2 bath!!!). New buyer can easily double the value of this property by adding the ADUs which can potentially generate over 8% cap rate. Buyer and agent to verify. Property is Sold AS-IS and property is priced to sell. Please contact listing agent for marketing package.

Last Agent to Sell the Property

Yehuda Rafael

Prime Group Realty License #01924075 Listed on: 03/10/2021

Last Buyer's Agent

Lynette Najar

PAK Home Realty License #01456750

PAK Home Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 5,410 Sq Ft Lot
  • Fenced

Home Design

  • Duplex

Interior Spaces

  • 1,170 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 6011-004-024

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1170
  • Lot Acreage: 0.1242
  • Stories: 1
  • Year Built: 1930
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Total Bathrooms: 2.00
  • Price Per S Q F T: 469.23

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 2

Lot Info

  • Assessed Improvement Percent: 31.97
  • Assessed Improvement Value: 52270
  • Assessed Land Percent: 68.03
  • Assessed Land Value: 111218
  • Total Assessed Value: 163488
  • Assessor Parcel Number: 6011-004-024
  • Lot Description: Fenced
  • Lot Size Area: 5410

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.14
  • Number Of Units: 2
  • Type Of Units: Duplex

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2018
Sold by
Black Jeanne T
Bought by
Hallie Holdings Llc
Current Estimated Value
$753,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,000
Outstanding Balance
$243,883
Interest Rate
4.5%
Mortgage Type
Construction
Estimated Equity
$509,159

Purchase Details

Closed on
Jan 1, 2018
Sold by
Black Jeanne T
Bought by
Hallie Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,750
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 2009
Sold by
Four Five Eight Llc
Bought by
Black Jeanne T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2009
Sold by
Hsbc Bank Usa
Bought by
Four Five Eight Capital Llc

Purchase Details

Closed on
Jun 17, 2008
Sold by
Clemente Cutberto
Bought by
Hsbc Bank Usa and Friedman Billings Ramsey Group Inc Fbr S

Purchase Details

Closed on
May 16, 2005
Sold by
Alvarez Delfino N
Bought by
Navarro Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
6.47%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 4, 2005
Sold by
Navarro Enrique
Bought by
Clemente Cutberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
6.47%
Mortgage Type
Stand Alone First
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

Date Buyer Sale Price Title Company
Hallie Holdings Llc -- Orange Coast Title Company
Hallie Holdings Llc $162,000 None Available
Black Jeanne T -- Chicago Title Inland Empire
Four Five Eight Capital Llc $147,000 Chicago Title Company
Hsbc Bank Usa $245,000 North American Title Co
Navarro Enrique -- --
Clemente Cutberto $370,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hallie Holdings Llc $282,000
Previous Owner Hallie Holdings Llc $10,750
Previous Owner Black Jeanne T $108,750
Previous Owner Clemente Cutberto $296,000
Closed Clemente Cutberto $74,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2021 07/01/21 Sold $545,000 -0.7% $466 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $549,000 0.0% $469 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
04/19/2021 04/19/21 Price Changed $549,000 -8.3% $469 / Sq Ft
03/10/2021 03/10/21 For Sale $599,000 -- $512 / 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 $7,103 $578,357 $472,237 $106,120
2024 $6,968 $567,018 $462,978 $104,040
2023 $6,833 $555,900 $453,900 $102,000
2022 $6,515 $545,000 $445,000 $100,000
2021 $4,959 $401,921 $309,170 $92,751
2020 $5,006 $397,800 $306,000 $91,800
2019 $2,230 $170,091 $115,710 $54,381
2018 $2,192 $166,757 $113,442 $53,315
2016 $2,087 $160,284 $109,038 $51,246
2015 $2,058 $157,878 $107,401 $50,477
2014 $2,078 $154,787 $105,298 $49,489
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2021

    Yehuda Rafael

    Prime Group Realty

    (310) 721-3927

    1 in this area

    2 Total Sales

    Yehuda Rafael
    Section Image
  • Lynette Najar

    Buyer's Agent in 2021

    Lynette Najar

    PAK Home Realty

    (909) 351-5105

    1 in this area

    1 Total Sale

    Lynette Najar
    Section Image
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Map

Source: The MLS

MLS Number: 21-703008

The MLS

APN: 6011-004-024

California Los Angeles County Los Angeles 90003 Florence

246 E 68th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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