NOT LISTED FOR SALE

250 E 116th St Los Angeles, CA 90061

Broadway-Manchester Neighborhood

Estimated Value: $749,977 - $897,000

1 Bed
1 Bath
2,208 Sq Ft
$366/Sq Ft Est. Value

Last Sold March 23, 2017

Last sale price $475,000 $215 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $4,869/month

161 Days on Market

About This Home

As of March 2017

No low rents here. Four legal units are vacant and ready for you to move in or rent at market rents. No low rents here because of rent control. Excellent corner location. Large fourplex over 2200 square feet building on large lot. Two units downstairs and two upstairs. Parking for four cars.

Last Agent to Sell the Property

Frank Lopez

Century 21 Masters License #01041630 Listed on: 10/02/2016

Century 21 Masters

Last Buyer's Agent

Frank Lopez

Century 21 Masters License #01041630 Listed on: 10/02/2016

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,509

Year Built

  • Built in 1954

Lot Details

  • 5,767 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 4 Car Garage
  • Detached Carport Space
  • Parking Available

Home Design

  • 2,208 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 94
  • Tax Tract Number 2401
  • Assessor Parcel Number 6083009001

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,000
  • New Taxes Expense $5,100
  • Operating Expense $6,100
  • Gross Income $57,600
  • Net Operating Income $57,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,509

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6083009001
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 215.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Detached Carport
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 5767.00

Multi Family

  • Gross Income: 57600.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 57600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes
  • Total Expenses: 6100.00

Tax Info

  • New Taxes Expense: 5100.00
  • Tax Census Tract: 2410.01
  • Tax Lot: 94
  • Tax Tract Number: 2401.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2022
Sold by
Torres Ricardo C
Bought by
Ricardo Torres Living Trust
Current Estimated Value
$808,994

Purchase Details

Closed on
Nov 20, 2017
Sold by
Torres Ricardo C
Bought by
Torres Ricardo C and Enriquez Alonzo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,500
Interest Rate
7.35%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Oct 2, 2016
Closed on
Mar 15, 2017
Sold by
Scott Tania
Bought by
Torres Ricardo E
Seller's Agent
Frank Lopez
Century 21 Masters
Buyer's Agent
Frank Lopez
Century 21 Masters
List Price
$530,000
Sold Price
$475,000
Premium/Discount to List
-$55,000
-10.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.39%
Original Mortgage
$276,000
Interest Rate
4.19%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Ricardo Torres Living Trust -- Paul Horn Law Group Pc
Torres Ricardo C -- Stewart Title Of California
Torres Ricardo E $460,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Torres Ricardo C $286,500
Previous Owner Torres Ricardo E $276,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2017 03/23/17 Sold $475,000 -10.4% $215 / Sq Ft
03/12/2017 03/12/17 Pending -- -- --
10/02/2016 10/02/16 For Sale $530,000 -- $240 / 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 $7,509 $554,003 $313,981 $240,022
2024 $7,509 $543,141 $307,825 $235,316
2023 $7,373 $532,492 $301,790 $230,702
2022 $7,057 $522,052 $295,873 $226,179
2021 $6,963 $511,817 $290,072 $221,745
2019 $6,765 $496,638 $281,469 $215,169
2018 $6,685 $486,900 $275,950 $210,950
2017 $1,400 $46,416 $13,490 $32,926
2016 $1,343 $45,507 $13,226 $32,281
2015 $1,323 $44,825 $13,028 $31,797
2014 $1,343 $43,948 $12,773 $31,175
Source: Public Records

Agents Affiliated with this Home

  • Frank Lopez

    Seller's Agent in 2017

    Frank Lopez

    Century 21 Masters

    (626) 289-1111

    30 Total Sales

    Frank Lopez
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16717107

California Regional Multiple Listing Service (CRMLS)

APN: 6083-009-001

California Los Angeles County Los Angeles 90061 Broadway-Manchester

250 E 116th St, Los Angeles, CA

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