NOT LISTED FOR SALE

351 E 61st St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $552,000 - $715,197

3 Beds
2 Baths
1,401 Sq Ft
$456/Sq Ft Est. Value

Last Sold May 31, 2012

Last sale price $147,500 $105 Per Sq Ft

Est. 333% increase in value since last sale

Current estimated payment $3,595/month

114 Days on Market

Highlights

  • Wood Siding
  • No Heating
  • 4-minute walk to Avalon and Gage Park

About This Home

As of May 2012

Property needs work, is being sold as is condition, perfect for investment, 2 Units, detached! Front unit is 2 Bedrooms 1 Bath - Back Unit is 1 Bedroom 1 Bath.

Last Agent to Sell the Property

Martin Gonzalez

Realty Executives All Cities License #01204139 Listed on: 11/16/2011

Realty Executives All Cities

Last Buyer's Agent

Luis Estrada

RE/MAX Dynasty License #01268405

RE/MAX Dynasty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,998

Year Built

  • Built in 1920

Lot Details

  • 5,415

Parking

  • 2 Parking Spaces

Home Design

  • 1,401 Sq Ft Home
  • Wood Siding

Additional Features

  • 5,415 Sq Ft Lot
  • No Heating

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 6006025028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,998

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Assessments: No
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 6006025028
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Price Per Square Foot: 105.28

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 2.00

Utilities

  • Heating: No
  • Laundry: No

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 5415.00
  • Lot Size Acres: 0.1240

Multi Family

  • Lot Size Area: 5415.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Area: 7
  • Tax Lot: 0.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2013
Sold by
Portillo Agustin Martin
Bought by
Portillo Ana M
Current Estimated Value
$639,049

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,625
Outstanding Balance
$76,774
Interest Rate
3.33%
Mortgage Type
New Conventional
Estimated Equity
$562,275

Purchase Details

Closed on
Mar 22, 2012
Sold by
E & G Enterprises Inc
Bought by
Hernandez Wilmer J and Portillo Ana M

Purchase Details

Closed on
May 12, 2010
Sold by
Desai Holding Llc
Bought by
E & G Enterprises Inc

Purchase Details

Closed on
Jan 4, 2010
Sold by
Bank Of America National Association
Bought by
Desai Holding Company Llc

Purchase Details

Closed on
May 29, 2009
Sold by
Gonzalez Loreto
Bought by
Bank Of America National Association

Purchase Details

Closed on
Aug 29, 2005
Sold by
Gonzalez Loreto
Bought by
Gibralter Investment Properties Llc

Purchase Details

Closed on
Sep 1, 2004
Sold by
Juarez Castulo O
Bought by
Gonzalez Loreto R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
5.76%
Mortgage Type
Stand Alone Second
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
Portillo Ana M -- Lawyers Title
Hernandez Wilmer J $147,500 Lawyers Title
E & G Enterprises Inc $135,000 Ticor Title Company
Desai Holding Company Llc $111,000 Chicago Title Company
Bank Of America National Association $118,053 Accommodation
Gibralter Investment Properties Llc $116,000 --
Gonzalez Loreto R $310,000 Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Portillo Ana M $110,625
Previous Owner Gonzalez Loreto R $62,000
Previous Owner Gonzalez Loreto R $248,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2012 05/31/12 Sold $147,500 -4.8% $105 / Sq Ft
03/09/2012 03/09/12 Pending -- -- --
11/16/2011 11/16/11 For Sale $155,000 -- $111 / 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 $2,998 $231,494 $184,707 $46,787
2024 $2,998 $226,956 $181,086 $45,870
2023 $2,944 $222,507 $177,536 $44,971
2022 $2,812 $218,145 $174,055 $44,090
2021 $2,772 $213,869 $170,643 $43,226
2020 $2,796 $211,677 $168,894 $42,783
2019 $2,693 $207,528 $165,583 $41,945
2018 $2,644 $203,460 $162,337 $41,123
2016 $2,517 $195,561 $156,034 $39,527
2015 $2,482 $192,625 $153,691 $38,934
2014 $2,503 $188,853 $150,681 $38,172
Source: Public Records

Agents Affiliated with this Home

  • Martin Gonzalez

    Seller's Agent in 2012

    Martin Gonzalez

    Realty Executives

    (562) 843-1103

    136 Total Sales

    Martin Gonzalez
    Section Image

  • L

    Buyer's Agent in 2012

    Luis Estrada

    RE/MAX

    (323) 633-1527

    11 Total Sales

    Luis Estrada
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: R1107151

California Regional Multiple Listing Service (CRMLS)

APN: 6006-025-028

California Los Angeles County Los Angeles 90003 Florence

351 E 61st St, Los Angeles, CA

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