NOT LISTED FOR SALE

3530 E 61st Place Huntington Park, CA 90255

Estimated Value: $2,548,468

3 Beds
2 Baths
9,729 Sq Ft
$262/Sq Ft Est. Value

Last Sold September 01, 2020

Last sale price $2,100,000 $216 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $16,686/month

33 Days on Market

Highlights

  • 0.27 Acre Lot
  • Bell High School Rated A-
  • Laundry Room

About This Home

As of September 2020

3530 East 61st Place is a 13-unit multifamily investment property in Huntington Park, California. With current rents substantially below market, this offering presents a huge value-add opportunity in a solid rental market.

3530 East 61st Place consists of a 1964 construction building with 11 two-bedroom/one-bath units and a 1939 construction duplex in the rear with two one-bedroom/one-bath units. The property is separately metered for gas and electricity and also offers on-site laundry, five single-car garages, and eight tuck-under parking spaces.

The property is located near the intersection of Maywood Avenue and Randolph Street and within three blocks of Nimitz Middle School, Freedom Park, and Huntington Park Elementary School.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 06/10/2020

Last Buyer's Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 06/10/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,375

Year Built

  • Built in 1964

Lot Details

  • 0.27 Acre Lot
  • No Common Walls

Parking

  • 8 Open Parking Spaces
  • 5 Car Garage

Interior Spaces

  • 9,729 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 736
  • Tax Tract Number 3126
  • Assessor Parcel Number 6318017034

Community Details

Overview

  • 2 Buildings
  • 13 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • Operating Expense $70,015
  • Gross Income $161,160
  • Net Operating Income $86,310

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,375

Year Built

Built in 1964

Lot Details

0

Parking

5

Listing Details

  • Property Attached: No
  • Zoning: HPR3YY
  • Property Type: Residential Income
  • Parcel Number: 6318017034
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 215.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 13.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 11839.00
  • Lot Size Acres: 0.2718

Multi Family

  • Gross Income: 161160.00
  • Gross Scheduled Income: 161160.00
  • Lot Size Area: 11839.0000 Square Feet
  • Net Operating Income: 86310.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Units Total: 13
  • Operating Expense: 70015.00
  • Rent Control: Yes
  • Total Expenses: 70015.00

Tax Info

  • Tax Census Tract: 5335.01
  • Tax Lot: 736
  • Tax Tract Number: 3126

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2020
Sold by
Bakhshi Michael
Bought by
Stamco Lp
Current Estimated Value
$2,548,468

Purchase Details

Listed on
Jun 10, 2020
Closed on
Aug 20, 2020
Sold by
Bakhshi Lucila
Bought by
Bakhshi Michael
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$2,500,000
Sold Price
$2,100,000
Premium/Discount to List
-$400,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.27%
Original Mortgage
$1,680,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 10, 2020
Closed on
Jul 13, 2020
Sold by
Brander Shasta and James R Mcauley Trust
Bought by
Bakhshi Michael
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$2,500,000
Sold Price
$2,100,000
Premium/Discount to List
-$400,000
-16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,680,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 2017
Sold by
Mcauley James R
Bought by
Mcauley James R and The James R Mcauley Trust
Source: Public Records

Range of Values:

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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
Stamco Lp $2,400,000 Chicago Title Company
Bakhshi Michael -- None Available
Bakhshi Michael $2,100,000 Ticor Title
Mcauley James R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bakhshi Michael $1,680,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2020 09/01/20 Sold $2,100,000 -16.0% $216 / Sq Ft
07/13/2020 07/13/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $2,500,000 -- $257 / 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 $39,375 $2,597,835 $757,701 $1,840,134
2024 $39,375 $2,546,898 $742,845 $1,804,053
2023 $38,672 $2,496,960 $728,280 $1,768,680
2022 $36,986 $2,448,000 $714,000 $1,734,000
2021 $36,481 $2,400,000 $700,000 $1,700,000
2020 $9,638 $436,102 $111,091 $325,011
2019 $9,343 $427,552 $108,913 $318,639
2018 $8,992 $419,170 $106,778 $312,392
2016 $8,445 $402,895 $102,633 $300,262
2015 $8,303 $396,844 $101,092 $295,752
2014 $8,324 $389,071 $99,112 $289,959
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1231

    2 in this area

    91 Total Sales

    Steve Bogoyevac
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20111733

California Regional Multiple Listing Service (CRMLS)

APN: 6318-017-034

California Los Angeles County Huntington Park 90255

3530 E 61st Place, Huntington Park, CA

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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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