NOT LISTED FOR SALE

Estimated Value: $716,000 - $830,911

6 Beds
3 Baths
2,020 Sq Ft
$386/Sq Ft Est. Value

Last Sold December 01, 2021

Last sale price $700,000 $347 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,879/month

90 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Corner Lot
  • Tile Countertops
  • Craftsman Architecture
  • Lawn
  • Tile Flooring

About This Home

As of December 2021

Welcome to 314 W 68th St, located in the GREAT City of Los Angeles, Ca. Featuring 3 beautifully well designed units, each consisting of 2 bedrooms 1 bathroom each. As you walk inside the property, you'll immediately notice and be drawn to the superb craftsmanship. With two units side by side, and 1 unit located above, this triplex is boasting with privacy and comfortable living. Each unit contains a generous sized kitchen, dining, and living area, along with 2 generous sized bedrooms containing sliding closets, and 1 full restroom, with additional hallway storage. The front bottom units each have their own covered porch, along with independent entrances / walkways from the sidewalk. The top unit has its own private staircase entrance from the rear, along with a covered storage room prior to entry the actual unit. The backyard contains a driveway that is accessed through the alley, suffice for 2-3 cars. The backyard also contains a detached storage building. 314 W 68th St is located just minutes from Downtown Los Angeles, Hollywood, Inglewood, and LAX, between the 110, 105, 10 FHYs. 314 W 68th St is perfect for a first time buyer looking to begin their homeownership, or a seasoned investor looking to grow their Real Estate portfolio!

Last Agent to Sell the Property

George Valencia

Century 21 A Better Service License #02083024 Listed on: 05/31/2021

Century 21 A Better Service

Last Buyer's Agent

Jose Luis Alvarado

Coast Investment Realty License #01316242

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 5,130 Sq Ft Lot
  • Property fronts a highway
  • Property fronts an alley
  • Two or More Common Walls
  • Barbed Wire
  • Corner Lot
  • Lawn
  • Back and Front Yard

Home Design

  • Triplex
  • Craftsman Architecture
  • Fire Rated Drywall
  • Shingle Roof

Interior Spaces

  • 2,020 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Tile Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 3 Bathrooms

Home Security

  • Window Bars
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Available
  • Driveway

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tax Lot 321
  • Tax Tract Number 5
  • Assessor Parcel Number 6012007018

Community Details

Overview

  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $1,400
  • Professional Management Expense $2,880
  • Trash Expense $816
  • Water Sewer Expense $2,400
  • New Taxes Expense $6,000
  • Operating Expense $8,456
  • Gross Income $41,304
  • Net Operating Income $32,848

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

5,130 Sq Ft Lot

Listing Details

  • Professional Management Expense: 2880.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street, Highway
  • Road Surface Type: Alley Paved, Gravel, Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
  • View: No
  • Water Sewer Expenses: 2400.00
  • Zoning: LAR2
  • Architectural Style: Craftsman
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 6012007018
  • Year Built: 1921
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 346.53
  • Room Type: All Bedrooms Down, All Bedrooms Up

Exterior Features

  • Fence: Yes
  • Fencing: Barbed Wire
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Available, Cable Not Available, Electricity Connected, Natural Gas Connected, Phone Available, Phone Not Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Oven, Gas Range, Range Hood, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 816.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Corner Lot, Front Yard, Lawn
  • Lot Size Sq Ft: 5130.00
  • Lot Size Acres: 0.1178

Multi Family

  • Gross Income: 41304.00
  • Gross Scheduled Income: 41304.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 5130.0000 Square Feet
  • Net Operating Income: 32848.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Operating Expense: 8456.00
  • Rent Control: No
  • Total Expenses: 8456.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Census Tract: 2393.10
  • Tax Lot: 321
  • Tax Tract Number: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2017
Sold by
Melgar Eusebio O
Bought by
Perez Priscilla Waleska and Perez Pamela
Current Estimated Value
$780,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,581
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 10, 2014
Sold by
Melgar Eusebio O
Bought by
Melgar Eusebio O and Avila Rosenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,500
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2004
Sold by
Melgar Eusebio O
Bought by
Melgar Eusebio O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2002
Sold by
Ecology Management Corp
Bought by
Melgar Eusebio O and Melgar Jose J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,250
Interest Rate
6.6%

Purchase Details

Closed on
Jun 27, 2002
Sold by
Gutierrez Silvia
Bought by
Melgar Jose J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,250
Interest Rate
6.6%

Purchase Details

Closed on
Dec 28, 2001
Sold by
Ruiz Francisco
Bought by
Ecology Management Corp

Purchase Details

Closed on
Mar 16, 2000
Sold by
Tippins Leon
Bought by
Ruiz Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,500
Interest Rate
8.34%
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
Perez Priscilla Waleska $520,000 Fidelity National Title Comp
Melgar Eusebio O -- None Available
Melgar Eusebio O -- Gateway Title Company
Melgar Eusebio O $182,500 American Title Co
Melgar Jose J -- American Title Co
Melgar Eusebio O -- American Title Co
Ecology Management Corp $181,919 --
Ruiz Francisco $132,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Perez Priscilla Waleska $510,581
Previous Owner Melgar Eusebio O $180,500
Previous Owner Melgar Eusebio O $210,000
Previous Owner Melgar Eusebio O $164,250
Previous Owner Ruiz Francisco $152,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2021 12/01/21 Sold $700,000 +1.4% $347 / Sq Ft
05/31/2021 05/31/21 For Sale $690,000 +32.7% $342 / Sq Ft
01/18/2018 01/18/18 Sold $520,000 +2.0% $257 / Sq Ft View Prior Sale
01/17/2018 01/17/18 Pending -- -- --
01/16/2018 01/16/18 For Sale $510,000 -- $252 / 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 $9,276 $742,844 $509,379 $233,465
2024 $9,174 $728,280 $499,392 $228,888
2023 $9,001 $714,000 $489,600 $224,400
2022 $8,589 $700,000 $480,000 $220,000
2021 $6,839 $546,612 $388,936 $157,676
2019 $6,640 $530,400 $377,400 $153,000
2018 $3,797 $291,079 $119,693 $171,386
2016 $3,616 $279,779 $115,047 $164,732
2015 $3,567 $275,577 $113,319 $162,258
2014 $3,604 $270,180 $111,100 $159,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21107402

California Regional Multiple Listing Service (CRMLS)

APN: 6012-007-018

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