NOT LISTED FOR SALE

300 E 68th St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $1,685,455

6 Beds
4 Baths
8,131 Sq Ft
$207/Sq Ft Est. Value

Last Sold September 23, 2016

Last sale price $875,000 $108 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $10,002/month

58 Days on Market

Highlights

  • Dual Staircase
  • Carpet
  • No Heating
  • Main Floor Bedroom

About This Home

As of September 2016

This property presents 2 buildings. 1 Residential and 1 Residential-Commercial. Total Residential units are 4, Total commercial units are 3. It is located right in a very busy corner of 68th and San Pedro. High volume of foot traffic. Desirable investment area. Not many properties of this kind at such an affordable price are available in the area. Priced to Sale. Owner very motivated.

Last Agent to Sell the Property

Albert Ramirez

Berkshire Hathaway H.S.C.P. License #01744189 Listed on: 07/18/2016

Berkshire Hathaway H.S.C.P.

Last Buyer's Agent

Jack Harriman

Harriman Realty Group Inc License #01204794

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,099

Year Built

  • Built in 1895

Lot Details

  • 8,278 Sq Ft Lot
  • Two or More Common Walls
  • Fence is in average condition

Parking

  • 1 Car Garage

Home Design

  • Property Attached
  • Fire Rated Drywall
  • Shingle Roof

Interior Spaces

  • 8,131 Sq Ft Home
  • Dual Staircase
  • Carpet

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • 4 Bathrooms

Additional Features

  • Urban Location
  • No Heating

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 1
  • Tax Tract Number 2393
  • Assessor Parcel Number 6011011001

Community Details

Overview

  • 2 Buildings
  • 7 Units

Building Details

  • 7 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Insurance Expense $14,400
  • Trash Expense $1,440
  • Water Sewer Expense $9,200
  • New Taxes Expense $8,296
  • Gross Income $9,750
  • Net Operating Income $108,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,099

Year Built

Built in 1895

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 9200.00
  • Property Type: Residential Income
  • Parcel Number: 6011011001
  • Year Built: 1895
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases
  • Entry Location: Ground Level With Steps,Main Level
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 107.61
  • Room Type: Main Floor Bedroom

Exterior Features

  • Fencing: Average Condition
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available, Water Connected
  • Heating: No
  • Laundry: No
  • Electric: Electricity - On Property
  • Trash Expense: 1440.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 8278.00
  • Price Per Lot Square Foot: 108.72

Rental Info

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

Multi Family

  • Gross Income: 9750.00
  • Gross Scheduled Income: 117000.00
  • Insurance Expense: 14400.00
  • Net Operating Income: 108000.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 9000.00
  • Rent Control: Yes
  • Total Actual Rent: 9750.00

Tax Info

  • New Taxes Expense: 8296.00
  • Tax Lot: 1
  • Tax Tract Number: 2393.3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2016
Closed on
Sep 2, 2016
Sold by
Franco Mario
Bought by
Main Metro Llc
Seller's Agent
Albert Ramirez
Berkshire Hathaway H.S.C.P.
Buyer's Agent
Jack Harriman
Harriman Realty Group Inc
List Price
$900,000
Sold Price
$875,000
Premium/Discount to List
-$25,000
-2.78%
Current Estimated Value
$1,685,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$810,455
Avg. Annual Appreciation
7.52%

Purchase Details

Closed on
Jun 15, 2007
Sold by
Torres Silvia
Bought by
Franco Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
6.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2004
Sold by
Defranco Silvia Torres
Bought by
Franco Mario

Purchase Details

Closed on
Oct 6, 2004
Sold by
Armijo Robert F
Bought by
Franco Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,750
Interest Rate
5.74%
Mortgage Type
Commercial
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
Main Metro Llc $875,000 Orange Coast Title Co Socal
Franco Mario -- Security Union Title
Franco Mario -- Diversified Title Company
Franco Mario $545,000 Diversified Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Franco Mario $525,000
Previous Owner Franco Mario $408,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2016 09/23/16 Sold $875,000 -2.8% $108 / Sq Ft
09/14/2016 09/14/16 Pending -- -- --
07/18/2016 07/18/16 For Sale $900,000 -- $111 / 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 $13,099 $1,015,509 $580,292 $435,217
2024 $13,099 $995,598 $568,914 $426,684
2023 $12,862 $976,077 $557,759 $418,318
2022 $12,296 $956,939 $546,823 $410,116
2021 $12,106 $938,176 $536,101 $402,075
2019 $11,761 $910,350 $520,200 $390,150
2018 $11,562 $892,500 $510,000 $382,500
2016 $8,410 $641,728 $294,369 $347,359
2015 $8,296 $632,090 $289,948 $342,142
2014 $8,344 $619,709 $284,269 $335,440
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Albert Ramirez

    Berkshire Hathaway H.S.C.P.

    Section Image

  • J

    Buyer's Agent in 2016

    Jack Harriman

    Harriman Realty Group Inc

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW16157444

California Regional Multiple Listing Service (CRMLS)

APN: 6011-011-001

California Los Angeles County Los Angeles 90003 Florence

300 E 68th St, Los Angeles, CA

This home is located at 300 E 68th St, Los Angeles, CA 90003 since 18 July 2016 and is currently estimated at $1,685,455, approximately $207 per square foot. This property was built in 1895. 300 E 68th St is a home located in Los Angeles County with nearby schools including Sixty-Sixth Street Elementary School, Mary McLeod Bethune Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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