NOT LISTED FOR SALE

316 E 79th St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $752,244 - $849,000

4 Beds
4 Baths
2,160 Sq Ft
$374/Sq Ft Est. Value

Last Sold December 21, 2020

Last sale price $645,000 $299 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,927/month

15 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window
  • Whole House Fan

About This Home

As of December 2020

Rental income at it's best! FHA APPROVED. The building is Section 8 approved. Rents are funded by the U.S. Department of Housing and Urban Development. PAID on time, every month!! Great investment opportunity! Four separate units with four open parking spots in rear. Each unit is a 1+1.

Last Agent to Sell the Property

RAMON LOPEZ

REH REAL ESTATE License #01482323 Listed on: 11/17/2020

Last Buyer's Agent

RAMON LOPEZ

REH REAL ESTATE License #01482323 Listed on: 11/17/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 5,428 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Interior Spaces

  • 2,160 Sq Ft Home
  • Laminate Flooring

Kitchen

  • Convection Oven
  • Gas Cooktop

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Dryer
  • Washer

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Whole House Fan
  • Wall Furnace
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 60
  • Tax Tract Number 26
  • Assessor Parcel Number 6030019029

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $620
  • Insurance Expense $863
  • Trash Expense $300
  • Water Sewer Expense $1,928
  • New Taxes Expense $3,300
  • Operating Expense $7,011
  • Net Operating Income $30,057

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1928.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Gardener Expense: 620.00
  • Parcel Number: 6030019029
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Price Per Square Foot: 298.61
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Connected, Natural Gas Available, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Gas Cooktop
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, In Kitchen, Inside, Washer Hookup, Washer Included
  • Sewer: Sewer Paid
  • Trash Expense: 300.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s), Whole House Fan
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5428.00
  • Lot Size Acres: 0.1246

Multi Family

  • Gross Scheduled Income: 37068.00
  • Insurance Expense: 863.00
  • Lot Size Area: 5428.0000 Square Feet
  • Net Operating Income: 30057.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 7011.00
  • Rent Control: Yes
  • Total Actual Rent: 3089.00
  • Total Expenses: 7011.00

Tax Info

  • New Taxes Expense: 3300.00
  • Tax Census Tract: 2398.01
  • Tax Lot: 60
  • Tax Tract Number: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2020
Closed on
Dec 31, 2020
Sold by
Davenport Mathew
Bought by
Mmeje Hyginus and Mmeje Theresa E
Seller's Agent
RAMON LOPEZ
REH REAL ESTATE
Buyer's Agent
RAMON LOPEZ
REH REAL ESTATE
List Price
$650,000
Sold Price
$645,000
Premium/Discount to List
-$5,000
-0.77%
Current Estimated Value
$807,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,811
Avg. Annual Appreciation
4.58%

Purchase Details

Listed on
May 22, 2017
Closed on
Jun 19, 2017
Sold by
Cyprus Jane
Bought by
Cyprus Brett M
Seller's Agent
Corey Angel
Caps Realty Inc.
Buyer's Agent
RAMON LOPEZ
REH REAL ESTATE
List Price
$549,000
Sold Price
$550,000
Premium/Discount to List
$1,000
0.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.75%
Original Mortgage
$539,427
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Listed on
May 22, 2017
Closed on
Jun 2, 2017
Sold by
Cyprus Brett M
Bought by
Davenport Matthew
Seller's Agent
Corey Angel
Caps Realty Inc.
Buyer's Agent
RAMON LOPEZ
REH REAL ESTATE
List Price
$549,000
Sold Price
$550,000
Premium/Discount to List
$1,000
0.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,427
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
May 4, 2010
Sold by
Santiago Rosa
Bought by
Cyprus Brett M

Purchase Details

Closed on
Mar 31, 2005
Sold by
Santiago Vidal
Bought by
Santiago Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 2005
Sold by
Urgiles Luis Alberto and Cortes Cynthia
Bought by
Santiago Rosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 2004
Sold by
Urgiles Luis A
Bought by
Urgiles Luis Alberto and Cortes Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 17, 2003
Sold by
Roisman Marcelo
Bought by
Urgiles Luis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
8.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 2000
Sold by
Urgiles Lucio
Bought by
Roisman Marcelo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,175
Interest Rate
7.13%

Purchase Details

Closed on
Jan 5, 2000
Sold by
Bankers Trust Company
Bought by
Urgiles Lucio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
7.84%

Purchase Details

Closed on
Jan 3, 2000
Sold by
Urgiles Noemi G
Bought by
Urgiles Lucio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
7.84%

Purchase Details

Closed on
Jun 16, 1999
Sold by
Adams David
Bought by
Amresco Residential Securities Corp Mtg

Purchase Details

Closed on
Jul 16, 1997
Sold by
Niki Narlita Holdings Inc
Bought by
Adams David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,750
Interest Rate
9.12%

Purchase Details

Closed on
May 8, 1997
Sold by
Solorzano Enrique and Solorzano Martha
Bought by
Niki Narlita Holdings Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,250
Interest Rate
7.7%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mmeje Hyginus $620,000 Stewart Title Of California In
Cyprus Brett M -- Fidelity National Title Co
Davenport Matthew $550,000 Fidelity National Title Co
Cyprus Brett M -- None Available
Santiago Rosa -- --
Santiago Rosa $380,000 Stewart Title Company
Urgiles Luis Alberto -- --
Urgiles Luis A $300,000 Commonwealth Land Title Co
Roisman Marcelo $229,000 United Title Company
Urgiles Lucio $125,000 Benefit Land Title Company
Urgiles Lucio -- Benefit Land Title Company
Amresco Residential Securities Corp Mtg $129,720 Fidelity National Title Ins
Adams David $185,000 Commonwealth Land Title
Niki Narlita Holdings Inc $127,000 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davenport Matthew $539,427
Previous Owner Santiago Rosa $304,000
Previous Owner Urgiles Luis Alberto $304,000
Previous Owner Urgiles Luis A $255,000
Previous Owner Roisman Marcelo $215,175
Previous Owner Urgiles Lucio $129,500
Previous Owner Adams David $138,750
Previous Owner Niki Narlita Holdings Inc $9,250
Closed Santiago Rosa $34,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/21/2020 12/21/20 Sold $645,000 -0.8% $299 / Sq Ft
11/17/2020 11/17/20 For Sale $650,000 +18.2% $301 / Sq Ft
07/17/2017 07/17/17 Sold $550,000 +0.2% $255 / Sq Ft View Prior Sale
05/30/2017 05/30/17 Pending -- -- --
05/22/2017 05/22/17 For Sale $549,000 -- $254 / 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 $8,324 $671,106 $427,560 $243,546
2024 $8,324 $657,948 $419,177 $238,771
2023 $8,168 $645,048 $410,958 $234,090
2022 $7,795 $632,400 $402,900 $229,500
2021 $7,694 $620,000 $395,000 $225,000
2020 $7,272 $572,220 $390,150 $182,070
2019 $6,992 $561,000 $382,500 $178,500
2018 $6,901 $550,000 $375,000 $175,000
2016 $3,211 $245,336 $109,038 $136,298
2015 $3,167 $241,652 $107,401 $134,251
2014 $3,204 $236,920 $105,298 $131,622
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    RAMON LOPEZ

    REH REAL ESTATE

  • Corey Angel

    Seller's Agent in 2017

    Corey Angel

    Caps Realty Inc.

    (323) 544-5514

    5 Total Sales

    Corey Angel
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS20242003

California Regional Multiple Listing Service (CRMLS)

APN: 6030-019-029

California Los Angeles County Los Angeles 90003 Florence

316 E 79th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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