NOT LISTED FOR SALE

329 E 83rd St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $806,000 - $962,000

7 Beds
4 Baths
2,640 Sq Ft
$333/Sq Ft Est. Value

Last Sold July 09, 2016

Last sale price $475,000 $180 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $5,165/month

114 Days on Market

Highlights

  • Private Yard
  • Masonry wall
  • Heating System Uses Natural Gas
  • Accessible Parking
  • Rectangular Lot

About This Home

As of July 2016

LOVELY WELL KEPT PROPERTY SINGLE UNIT IN FRONT 3 BED 1 BATH DUPLEX IN BACK TWO SORIES EACH 2 BED 1 BATH

Last Agent to Sell the Property

Gualverto Duran

United Real Estate Pacific States License #01959596 Listed on: 02/29/2016

United Real Estate Pacific States

Last Buyer's Agent

Christian Castellanos

United Real Estate Pacific States License #01496982

United Real Estate Pacific States

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 5,226 Sq Ft Lot
  • 1 Common Wall
  • Masonry wall
  • Wrought Iron Fence
  • Fence is in fair condition
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Density is up to 1 Unit/Acre

Home Design

  • 2,640 Sq Ft Home
  • Property Attached
  • Shingle Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • Parking Available
  • Unassigned Parking

Utilities

  • Heating System Uses Natural Gas
  • Phone Available

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 10
  • Tax Tract Number 26
  • Assessor Parcel Number 6030022010

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • Gardener Expense $480
  • Insurance Expense $1,812
  • Maintenance Expense $1,500
  • Water Sewer Expense $145
  • New Taxes Expense $4,500
  • Gross Income $3,590
  • Net Operating Income $35,080

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • CapRate: 7.40
  • Property Attached: Yes
  • Water Sewer Expenses: 145.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 6030022010
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Accessibility Features: Parking
  • Levels: Two
  • Price Per Square Foot: 179.92

Exterior Features

  • Fencing: Fair Condition, Masonry, Wrought Iron
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Available, Sewer Connected, Phone Available
  • Heating: Yes
  • Heating Type: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Lot Features: 0-1 Unit/Acre, Level, Rectangular Lot, Yard
  • Lot Size Sq Ft: 5226.00
  • Price Per Lot Square Foot: 90.89
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3590.00
  • Gross Scheduled Income: 43080.00
  • Insurance Expense: 1812.00
  • Lot Size Area: 5226.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Net Operating Income: 35080.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 6937.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 4500.00
  • Tax Lot: 10
  • Tax Tract Number: 26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2016
Sold by
Thomas Margaret
Bought by
Castellanos Christian
Current Estimated Value
$878,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,396
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 24, 2002
Sold by
Scott Charles and Estate Of Myrtle Daniels
Bought by
Thomas Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,700
Interest Rate
8.75%
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
Castellanos Christian $475,000 Old Republic Title Company
Thomas Margaret $223,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castellanos Christian $466,396
Previous Owner Thomas Margaret $200,700
Closed Thomas Margaret $11,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2016 07/09/16 Sold $475,000 -1.0% $180 / Sq Ft
03/31/2016 03/31/16 Pending -- -- --
12/08/2015 12/08/15 For Sale $480,000 -- $182 / 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 $6,852 $551,269 $357,456 $193,813
2024 $6,852 $540,461 $350,448 $190,013
2023 $6,723 $529,865 $343,577 $186,288
2022 $6,418 $519,477 $336,841 $182,636
2021 $6,328 $509,292 $330,237 $179,055
2020 $6,386 $504,071 $326,851 $177,220
2019 $6,142 $494,189 $320,443 $173,746
2018 $6,030 $484,500 $314,160 $170,340
2016 $3,528 $272,821 $113,776 $159,045
2015 $3,479 $268,723 $112,067 $156,656
2014 $3,509 $263,460 $109,872 $153,588
Source: Public Records

Agents Affiliated with this Home

  • Gualverto Duran

    Seller's Agent in 2016

    Gualverto Duran

    United Real Estate Pacific States

    (323) 253-7091

    3 Total Sales

    Gualverto Duran
    Section Image

  • C

    Buyer's Agent in 2016

    Christian Castellanos

    United Real Estate Pacific States

    (323) 562-7777

    1 in this area

    19 Total Sales

    Christian Castellanos
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW15259346

California Regional Multiple Listing Service (CRMLS)

APN: 6030-022-010

California Los Angeles County Los Angeles 90003 Florence

329 E 83rd St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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