NOT LISTED FOR SALE

316 E 79th St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $745,869 - $869,000

4 Beds
4 Baths
2,160 Sq Ft
$372/Sq Ft Est. Value

Sale Details

Date Sold: December 21, 2020

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

Est. 25% increase in value since last sale

Current estimated payment $4,970 / mo

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

5,428 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2020
Closed on
Dec 31, 2020
Sold by
Bought by
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
$804,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,217
Avg. Annual Appreciation
4.14%

Purchase Details

Listed on
May 22, 2017
Closed on
Jun 19, 2017
Sold by
Bought by
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
Bought by
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
Bought by

Purchase Details

Closed on
Mar 31, 2005
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Jul 16, 1997
Sold by
Bought by

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
Bought by

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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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$620,000 Stewart Title Of California In
-- Fidelity National Title Co
$550,000 Fidelity National Title Co
-- None Available
-- --
$380,000 Stewart Title Company
-- --
$300,000 Commonwealth Land Title Co
$229,000 United Title Company
$125,000 Benefit Land Title Company
-- Benefit Land Title Company
$129,720 Fidelity National Title Ins
$185,000 Commonwealth Land Title
$127,000 Commonwealth Land Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $539,427
Previous Owner $304,000
Previous Owner $304,000
Previous Owner $255,000
Previous Owner $215,175
Previous Owner $129,500
Previous Owner $138,750
Previous Owner $9,250
Closed $34,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,427 $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

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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