NOT LISTED FOR SALE

313 E Florence Ave Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $730,414

-- Bed
3 Baths
3,108 Sq Ft
$235/Sq Ft Est. Value

Last Sold October 01, 2018

Last sale price $455,000 $146 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $4,571/month

173 Days on Market

About This Home

As of October 2018

This listing encompasses three parcels (313, 321 and 323 E Florence Ave) each lot is 3400 sf with a total lot footage of 10,200sf. The 321 and 323 parcels are parking lot only and each listed at $350,000. 313 includes a 3100sf mixed-use building and is listed for $529,000. This is a very large asset in a very highly trafficked area never listed concurrently ever before. 7-11 was just constructed adjacent to the west within last few years. Act fast.

Last Agent to Sell the Property

Lexis Shontz

Realty One Group United License #02003024 Listed on: 10/06/2017

Realty One Group United

Last Buyer's Agent

Lexis Shontz

Realty One Group United License #02003024 Listed on: 10/06/2017

Realty One Group United

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 3,472 Sq Ft Lot

Interior Spaces

  • 3,108 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Attic Fan

Parking

  • 4 Parking Spaces
  • On-Street Parking

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 6011-008-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3108
  • Stories: 2
  • Year Built: 1940
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Equipment: Built-Ins
  • Price Per S Q F T: 160.55

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Above Street Level
  • Total Parking: 4

Utilities

  • Cooling: Attic Fan
  • Heating: Combination

Lot Info

  • Assessed Improvement Value: 23382
  • Assessed Land Value: 9090
  • Assessor Parcel Number: 6011-008-029
  • Geocode Override: No
  • Lot Size Area: 3472

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 7.00
  • Number Of Units: 3
  • Type Of Units: Mixed Use

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 26, 2023
Sold by
David & Adriana Enterprises Llc
Bought by
313 E Florence Llc
Current Estimated Value
$730,414

Purchase Details

Closed on
Jun 6, 2019
Sold by
Dupetit David
Bought by
David & Adriana Enterprise Llc

Purchase Details

Listed on
Oct 6, 2017
Closed on
Sep 25, 2018
Sold by
Dupetit Adriana Luchini
Bought by
Dupetit David
Seller's Agent
Lexis Shontz
Realty One Group United
Buyer's Agent
Lexis Shontz
Realty One Group United
List Price
$529,000
Sold Price
$455,000
Premium/Discount to List
-$74,000
-13.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.73%
Original Mortgage
$364,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 2018
Sold by
Gallarzo Dominique and Gallarzo Heather
Bought by
Dupetit David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 12, 2018
Sold by
Gallarzo Diana and The 1993 Gallarzo Family Trust
Bought by
Gallarzo Dominique and Gallarzo Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 2016
Sold by
Gallarzo Dominique
Bought by
The 1993 Gallarzo Family Trust

Purchase Details

Closed on
Dec 1, 2016
Sold by
Gallarzo Marcelino
Bought by
Gallarzo Dominique and Gallarzo Heather

Purchase Details

Closed on
Aug 22, 2016
Sold by
The 1993 Gallarzo Family Trust
Bought by
Gallarzo Dominic and Gallarzo Heather
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
313 E Florence Llc -- None Listed On Document
David & Adriana Enterprise Llc -- Accommodation
Dupetit David -- Provident Title Company
Dupetit David $450,000 Provident Title Company
Gallarzo Dominique -- Provident Title Company
The 1993 Gallarzo Family Trust -- None Available
Gallarzo Dominique -- None Available
Gallarzo Marcelino -- None Available
Gallarzo Dominic -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dupetit David $364,000
Previous Owner Dupetit David $364,000
Previous Owner Gallarzo Dominique $364,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2018 10/01/18 Sold $455,000 -8.8% $146 / Sq Ft
03/28/2018 03/28/18 Pending -- -- --
03/26/2018 03/26/18 Price Changed $499,000 -5.7% $161 / Sq Ft
10/06/2017 10/06/17 For Sale $529,000 -- $170 / 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 $9,056 $728,280 $499,392 $228,888
2024 $9,056 $714,000 $489,600 $224,400
2023 $8,660 $681,160 $409,958 $271,202
2022 $8,265 $667,805 $401,920 $265,885
2021 $8,153 $654,712 $394,040 $260,672
2020 $6,941 $540,600 $357,000 $183,600
2019 $6,677 $530,000 $350,000 $180,000
2018 $6,598 $520,200 $367,200 $153,000
2016 $713 $32,472 $9,090 $23,382
2015 $707 $31,985 $8,954 $23,031
2014 $719 $31,359 $8,779 $22,580
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lexis Shontz

    Realty One Group United

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Map

Source: The MLS

MLS Number: 17-278076

The MLS

APN: 6011-008-029

California Los Angeles County Los Angeles 90003 Florence

313 E Florence Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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