NOT LISTED FOR SALE

347 E 61st St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $661,000 - $769,642

3 Beds
2 Baths
1,420 Sq Ft
$509/Sq Ft Est. Value

Last Sold May 04, 2018

Last sale price $372,000 $262 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $4,780/month

19 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • Rectangular Lot
  • Property is near public transit
  • Laundry Room
  • 4-minute walk to Avalon and Gage Park

About This Home

As of May 2018

*REO Duplex Los Angeles 90003* Another Red Hot REO property has hit the market in trendy LA 90003. Don't miss the opportunity to catch a great buy in a rapidly gentrifying neighborhood. Bring your tools and imagination and transform this diamond in the rough onto your dream home and income property. Two separate dwellings, the front an original Craftsman style building with 2 bedrooms 1 bath a large living room and formal dining room, almost all original components and trim are intact. Generate revenue from the rear unit which is a mid century that features a full size bedroom, living room and 1 bath. Parking is provided in a detached 2 car garage. This no doubt the best buy in LA today, call now!

Last Agent to Sell the Property

David Jervis

Century 21 Jervis & Associates License #00909394 Listed on: 01/25/2018

Century 21 Jervis & Associates

Last Buyer's Agent

David Jervis

Century 21 Jervis & Associates License #00909394 Listed on: 01/25/2018

Century 21 Jervis & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 5,417 Sq Ft Lot
  • No Common Walls
  • No Landscaping
  • Rectangular Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Duplex
  • Craftsman Architecture
  • Cottage
  • Additions or Alterations
  • Major Repairs Completed
  • Fixer Upper
  • Raised Foundation
  • Composition Roof
  • Cement Siding
  • Stucco

Interior Spaces

  • 1,420 Sq Ft Home
  • Decorative Fireplace
  • Dining Room with Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • No Heating
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 6006025027

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Zoning: LAR2
  • Architectural Style: Cottage, Craftsman
  • Property Condition: Additions/Alterations, Fixer, Repairs Major
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6006025027
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Fireplace Features: Dining Room, Decorative
  • Levels: One
  • Price Per Square Foot: 261.97

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Cement Siding, Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Available
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Near Public Transit, No Landscaping
  • Lot Size Sq Ft: 5417.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2392.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2018
Sold by
Angeleno Homes Llc
Bought by
Funez Victor Manuel
Current Estimated Value
$722,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,939
Outstanding Balance
$481,275
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$241,136

Purchase Details

Listed on
Jan 25, 2018
Closed on
May 4, 2018
Sold by
Bank
Bought by
Angel
Seller's Agent
David Jervis
Century 21 Jervis & Associates
Buyer's Agent
David Jervis
Century 21 Jervis & Associates
List Price
$325,000
Sold Price
$372,000
Premium/Discount to List
$47,000
14.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.08%
Original Mortgage
$279,000
Interest Rate
4.55%

Purchase Details

Closed on
May 18, 2016
Sold by
Garcia Juan M
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Apr 17, 2012
Sold by
Garcia Juan M
Bought by
Gonzalez Adolfo

Purchase Details

Closed on
Sep 21, 2006
Sold by
Garcia Juan M
Bought by
Garcia Juan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,500
Interest Rate
6.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2001
Sold by
Garcia Juan and Sanchez Jorge
Bought by
Garcia Juan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,000
Interest Rate
7.15%

Purchase Details

Closed on
Mar 26, 1998
Sold by
Garcia Juan
Bought by
Garcia Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,284
Interest Rate
7%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 4, 1996
Sold by
Aviles Jose Luis and Herrera Jose N
Bought by
The Prudential Home Mtg Company Inc

Purchase Details

Closed on
Dec 19, 1995
Sold by
Garcia Juan
Bought by
Garcia Juan

Purchase Details

Closed on
Apr 4, 1995
Sold by
Larkin Estella and The Easley Larkin Sr & Estella
Bought by
Garcia Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,113
Interest Rate
7.92%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Funez Victor Manuel $550,000 Old Republic Title Company
Angel -- --
The Bank Of New York Mellon $256,000 None Available
Gonzalez Adolfo -- None Available
Garcia Juan M -- First American Title Company
Garcia Juan M -- Benefit Land Title
Garcia Juan -- Southland Title Corporation
The Prudential Home Mtg Company Inc $172,363 Benefit Land Title Ins Co
Garcia Juan -- --
Garcia Juan $125,000 Southland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Funez Victor Manuel $539,939
Previous Owner Angel $279,000
Previous Owner Angel --
Previous Owner Garcia Juan M $250,500
Previous Owner Garcia Juan M $127,000
Previous Owner Garcia Juan $123,284
Previous Owner Garcia Juan $124,113
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2018 05/04/18 Sold $372,000 +14.5% $262 / Sq Ft
02/13/2018 02/13/18 Pending -- -- --
01/25/2018 01/25/18 For Sale $325,000 -- $229 / 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 $11,934 $613,529 $423,894 $189,635
2024 $11,934 $601,500 $415,583 $185,917
2023 $11,790 $589,707 $407,435 $182,272
2022 $11,450 $578,146 $399,447 $178,699
2021 $11,362 $566,811 $391,615 $175,196
2020 $11,430 $561,000 $387,600 $173,400
2019 $5,128 $413,100 $321,300 $91,800
2018 $5,139 $411,997 $267,382 $144,615
2016 $3,209 $253,586 $159,154 $94,432
2015 $3,164 $249,778 $156,764 $93,014
2014 $3,187 $244,886 $153,694 $91,192
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    David Jervis

    Century 21 Jervis & Associates

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18019414

California Regional Multiple Listing Service (CRMLS)

APN: 6006-025-027

California Los Angeles County Los Angeles 90003 Florence

347 E 61st St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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