NOT LISTED FOR SALE

317 W 78th St Unit 2 Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $857,000 - $874,578

6 Beds
3 Baths
1,426 Sq Ft
$605/Sq Ft Est. Value

Last Sold November 30, 2016

Last sale price $465,000 $326 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $5,207/month

198 Days on Market

About This Home

As of November 2016

GREAT 2 UNITS! Use as Income or Investment property. Live in one and rent one is Your Choice! A MUST SEE! Unit#1 is a two-story, with 4-bedrooms, 2 full baths, living room, dining room & kitchen w/maple cabinets and granite counter tops. Include refrigerator, range w/hood, microwave, dbl sinks, garbage disposal, washer & dryer (hookups in garage). Unit#2 is a 1-story with 2-bedrooms, living room, dining area, 1-full bath, kithen with maple cabinets and granite countertops, garbage disposal, range w/hood, washer & dryer (hookups in garage). Both units are accessible to and from each of their garages; Very Spacious garages (420 sq ft each) 4 parkng spaces for each unit. Nice separate yards with a Automatice Sprinkler system.

Last Agent to Sell the Property

Ruby Jean Shelby-Mackey

Sharon L Mackey License #01127376 Listed on: 03/15/2016

Last Buyer's Agent

Femi Ajetunmobi

West Shores Realty, Inc. License #01717945

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,643

Year Built

  • Built in 1988

Lot Details

  • 5,880

Parking

  • 8 Car Attached Garage

Home Design

  • Duplex

Interior Spaces

  • 1,426 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Alarm System

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Additional Features

  • 5,880 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 6031-016-020

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,643

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1426
  • Probate: No
  • Stories: 2
  • Year Built: 1988
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Alarm System
  • Price Per S Q F T: 333.10

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 4
  • Parking Garage: Attached
  • Total Parking: 8

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall Gas
  • Water Expense: 280.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 1044.00
  • Maintenance Expense: 1200.00

Lot Info

  • Assessed Improvement Value: 186090
  • Assessed Land Value: 3978
  • Assessor Parcel Number: 6031-016-020
  • Geocode Override: No
  • Lot Size Area: 5880

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 1.00
  • Gross Scheduled Income: 38580.00
  • Gross Spendable Income: 29488.00
  • Number Of Units: 2
  • Total Annual Expense: 9092
  • Type Of Units: Duplex
  • Vacancy Rate: 0%

Tax Info

  • Tax Expense: 2488.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2016
Closed on
Nov 1, 2016
Sold by
Osifeso Bukola Jennifer
Bought by
Osifeso Tolulope
Seller's Agent
Ruby Jean Shelby-Mackey
Sharon L Mackey
Buyer's Agent
Femi Ajetunmobi
West Shores Realty, Inc.
List Price
$475,000
Sold Price
$465,000
Premium/Discount to List
-$10,000
-2.11%
Current Estimated Value
$842,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$377,435
Avg. Annual Appreciation
7.38%
Original Mortgage
$456,577
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 15, 2016
Closed on
Oct 12, 2016
Sold by
Jenkins Barbara J and The Barbara J Jenkins Haney Fa
Bought by
Osifeso Tolulope
Seller's Agent
Ruby Jean Shelby-Mackey
Sharon L Mackey
Buyer's Agent
Femi Ajetunmobi
West Shores Realty, Inc.
List Price
$475,000
Sold Price
$465,000
Premium/Discount to List
-$10,000
-2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,577
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 16, 2002
Sold by
Jenkins Barbara J and Haney Barbara J
Bought by
Jenkins Barbara J and Barbara J Jenkins Family Livin
Source: Public Records

Range of Values:

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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
Osifeso Tolulope -- Lawyers Title
Osifeso Tolulope $465,000 Lawyers Title
Jenkins Barbara J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Osifeso Tolulope $238,227
Previous Owner Osifeso Tolulope $456,577
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2016 11/30/16 Sold $465,000 -2.1% $326 / Sq Ft
09/29/2016 09/29/16 Pending -- -- --
03/15/2016 03/15/16 For Sale $475,000 -- $333 / 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 $6,643 $539,667 $243,720 $295,947
2024 $6,643 $529,087 $238,942 $290,145
2023 $6,517 $518,713 $234,257 $284,456
2022 $6,218 $508,543 $229,664 $278,879
2021 $6,134 $498,572 $225,161 $273,411
2020 $6,191 $493,461 $222,853 $270,608
2019 $5,952 $483,786 $218,484 $265,302
2018 $5,847 $474,300 $214,200 $260,100
2016 $2,522 $192,965 $4,038 $188,927
2015 $2,488 $190,068 $3,978 $186,090
2014 $2,509 $186,346 $3,901 $182,445
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Ruby Jean Shelby-Mackey

    Sharon L Mackey

    Section Image

  • F

    Buyer's Agent in 2016

    Femi Ajetunmobi

    West Shores Realty, Inc.

    (310) 400-0668

    1 Total Sale

    Section Image
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Map

Source: The MLS

MLS Number: 16-106532

The MLS

APN: 6031-016-020

California Los Angeles County Los Angeles 90003 Florence

317 W 78th St Unit 2, Los Angeles, CA

This home is located at 317 W 78th St Unit 2, Los Angeles, CA 90003 since 15 March 2016 and is currently estimated at $863,145, approximately $605 per square foot. This property was built in 1988. 317 W 78th St Unit 2 is a home located in Los Angeles County with nearby schools including Seventy-Fifth Street Elementary School, Mary McLeod Bethune Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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