NOT LISTED FOR SALE

345 W 73rd St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $937,000 - $1,390,000

10 Beds
6 Baths
3,506 Sq Ft
$354/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $1,125,000 $321 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $7,747/month

31 Days on Market

About This Home

As of November 2023

welcome to your next Investment, we are pleased to offer a spacious duplex in Los Angeles. Invest in LA and be part of its revitalization. This Property offers so much opportunity of added value such as being able to collect strong rents, not being subject to rent control & not having to be governed by strict growing rent control ordinances. This property features granite countertops, solid wood construction cabinets. Along with a spacious open concept floor plan. This property is a great investment for investors or home buyers looking to make a great investment. This property surpasses the needs of a modern Family.
Investors take advantage of the easiest addition to your portfolio, this property features a 6% CAP Rate with room for improvement in a high Demand Market area. Call today as we are seeing higher challenges on entry for properties such as this one developers are facing stricter building regulations. This property has no down time and zero fix up cost take advantage today.

Last Agent to Sell the Property

Miguel Valencia

Century 21 Realty Masters License #02005003 Listed on: 09/11/2023

Century 21 Realty Masters

Last Buyer's Agent

Diana Serrano

RE/MAX TIME REALTY License #02057172

RE/MAX TIME REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,980

Year Built

  • Built in 2016

Lot Details

  • 5,600 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 3,506 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Additional Features

  • Exterior Lighting
  • Urban Location
  • Water Not Available

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 4182
  • Assessor Parcel Number 6031003034
  • $475 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,000
  • Water Sewer Expense $9,000
  • Operating Expense $13,000
  • Gross Income $88,200
  • Net Operating Income $75,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,980

Year Built

Built in 2016

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 3234038896
  • Price Per Unit: 547500
  • Property Attached: No
  • Water Sewer Expenses: 9000.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6031003034
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 320.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Upper Level
  • Sewer: Public Sewer
  • Water Source: None

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5600.00
  • Lot Size Acres: 0.1286

Multi Family

  • Gross Income: 88200.00
  • Gross Scheduled Income: 88200.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 5600.0000 Square Feet
  • Net Operating Income: 75200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 13000.00
  • Rent Control: No
  • Total Expenses: 13000.00

Tax Info

  • Tax Census Tract: 2396.01
  • Tax Lot: 8
  • Tax Tract Number: 4182
  • TaxOtherAnnualAssessmentAmount: 475.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2023
Closed on
Oct 13, 2023
Sold by
Brookestin Properties Llc
Bought by
Viyuoh Victor and Viyuoh Jacqueline
Seller's Agent
Miguel Valencia
Century 21 Realty Masters
Buyer's Agent
Diana Serrano
RE/MAX TIME REALTY
List Price
$1,095,000
Sold Price
$1,125,000
Premium/Discount to List
$30,000
2.74%
Views
30
Current Estimated Value
$1,240,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,229
Avg. Annual Appreciation
5.21%
Original Mortgage
$1,093,176
Outstanding Balance
$1,073,137
Interest Rate
7.49%
Mortgage Type
FHA
Estimated Equity
$167,092

Purchase Details

Closed on
Sep 20, 2021
Sold by
Kathy Hugron and Kathy Joan
Bought by
Brookestin Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,360
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2016
Sold by
Ocean Development Inc
Bought by
Brookestin Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
3.65%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 14, 2016
Sold by
Cyprus Amy L
Bought by
Ocean Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
3.65%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 25, 2016
Sold by
Ocean Development Inc
Bought by
Cyprus Amy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,000
Interest Rate
3.65%
Mortgage Type
Stand Alone First
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
Viyuoh Victor $1,125,000 Wfg National Title
Brookestin Properties Llc -- Unisource
Brookestin Properties Llc $675,000 Lawyers Title
Ocean Development Inc -- Lawyers Title
Cyprus Amy L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Viyuoh Victor $1,093,176
Previous Owner Brookestin Properties Llc $425,360
Previous Owner Brookestin Properties Llc $472,500
Previous Owner Ocean Development Inc $483,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2023 11/15/23 Sold $1,125,000 +2.7% $321 / Sq Ft
10/12/2023 10/12/23 Pending -- -- --
09/11/2023 09/11/23 For Sale $1,095,000 -- $312 / 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 $13,980 $1,147,500 $535,500 $612,000
2024 $13,980 $1,125,000 $525,000 $600,000
2023 $9,514 $752,971 $362,542 $390,429
2022 $9,079 $738,208 $355,434 $382,774
2021 $8,954 $723,734 $348,465 $375,269
2019 $8,648 $702,270 $338,130 $364,140
2018 $8,526 $688,500 $331,500 $357,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Miguel Valencia

    Century 21 Realty Masters

    (323) 722-7700

    4 in this area

    42 Total Sales

    Miguel Valencia
    Section Image
  • Diana Serrano

    Buyer's Agent in 2023

    Diana Serrano

    RE/MAX

    (424) 205-2948

    1 in this area

    37 Total Sales

    Diana Serrano
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23169876

California Regional Multiple Listing Service (CRMLS)

APN: 6031-003-034

California Los Angeles County Los Angeles 90003 Florence

345 W 73rd St, Los Angeles, CA

This home is located at 345 W 73rd St, Los Angeles, CA 90003 since 11 September 2023 and is currently estimated at $1,240,229, approximately $353 per square foot. This property was built in 2016. 345 W 73rd St 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.

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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