NOT LISTED FOR SALE

423 E 61st St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $593,862 - $942,000

6 Beds
3 Baths
1,728 Sq Ft
$426/Sq Ft Est. Value

Last Sold November 03, 2017

Last sale price $551,000 $319 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,305/month

1 Day on Market

About This Home

As of November 2017

Great value add 3 unit building in the Southpark neighborhood of Los Angeles. About 5 miles south of Downtown LA and about 3 miles from USC. Property has had recent improvements including new paint & stucco, new copper plumbing throughout and foundation retrofitting in 2016. One unit is currently vacant for a potential owner to use as a residence or can be rented at current market rent.

Last Agent to Sell the Property

Anthony Chou

Douglas Elliman of California, Inc. License #02038293 Listed on: 09/20/2017

Douglas Elliman of California, Inc.

Last Buyer's Agent

Victor Ahn

Keller Williams Pasadena Mrkt License #01911997

Keller Williams Pasadena Mrkt

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 5,417

Interior Spaces

  • 1,728 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway

Additional Features

  • 5,417 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 6006-026-022

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: CONTACT LISTING AGENT : KENNETH TAITT @ 310-270-6546
  • Living Area: 1728
  • Price Per Unit: 183333.00
  • Probate: No
  • Stories: 2
  • Year Built: 1961
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 3.00
  • Price Per S Q F T: 318.29

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 3

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 273600
  • Assessed Land Value: 182400
  • Assessor Parcel Number: 6006-026-022
  • Geocode Override: No
  • Lot Size Area: 5417

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.50
  • Number Of Units: 3
  • Type Of Units: 2 bedrooms

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2024
Sold by
Choi Kyung K and Choi Kyung Min
Bought by
Santos Albert and Santos Yvonne
Current Estimated Value
$705,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Outstanding Balance
$385,089
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$351,127

Purchase Details

Listed on
Sep 20, 2017
Closed on
Sep 28, 2017
Sold by
Odell Properties Incorporated
Bought by
Choi Kyung K and Choi Kyung Min
Seller's Agent
Anthony Chou
Douglas Elliman of California, Inc.
Buyer's Agent
Victor Ahn
Keller Williams Pasadena Mrkt
List Price
$550,000
Sold Price
$551,000
Premium/Discount to List
$1,000
0.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.58%
Original Mortgage
$541,020
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 16, 2008
Sold by
Sermons Deirdre Y
Bought by
Odell Properties Inc

Purchase Details

Closed on
Feb 12, 2007
Sold by
Sermons Deirdre Y and Alma Jane Sermons Family Trust
Bought by
Sermons Deirdre Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 1998
Sold by
Sermons Alma J and Alma Jane Sermons Family Trust
Bought by
Sermons Alma Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,500
Interest Rate
7.06%

Purchase Details

Closed on
Aug 8, 1997
Sold by
Sermons Alma J and Sermons Alma Jane
Bought by
Sermons Alma Jane and The Alma Jane Sermons Family T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Santos Albert $600,000 Wfg Title Insurance
Choi Kyung K $551,000 Lawyers Title
Odell Properties Inc $282,500 None Available
Sermons Deirdre Y -- Ticor Title Co Of California
Sermons Alma Jane -- Fidelity National Title Co
Sermons Alma Jane -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santos Albert $390,000
Previous Owner Choi Kyung K $541,020
Previous Owner Sermons Deirdre Y $100,000
Previous Owner Sermons Alma Jane $93,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2017 11/03/17 Sold $551,000 +0.2% $319 / Sq Ft
09/21/2017 09/21/17 Pending -- -- --
09/20/2017 09/20/17 For Sale $550,000 -- $318 / Sq Ft
Source: The MLS

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 $7,704 $612,000 $357,000 $255,000
2024 $7,704 $614,646 $278,877 $335,769
2023 $7,558 $602,595 $273,409 $329,186
2022 $7,211 $590,781 $268,049 $322,732
2021 $7,113 $579,198 $262,794 $316,404
2020 $7,180 $573,260 $260,100 $313,160
2019 $6,902 $562,020 $255,000 $307,020
2018 $6,822 $551,000 $250,000 $301,000
2017 $6,289 $501,000 $200,400 $300,600
2016 $5,709 $456,000 $182,400 $273,600
2015 $5,173 $411,000 $164,400 $246,600
2014 $4,367 $334,000 $133,600 $200,400
Source: Public Records

Agents Affiliated with this Home

  • Anthony Chou

    Seller's Agent in 2017

    Anthony Chou

    Douglas Elliman of California, Inc.

    (424) 341-4330

    11 Total Sales

    Anthony Chou
    Section Image

  • V

    Buyer's Agent in 2017

    Victor Ahn

    Keller Williams Pasadena Mrkt

    Section Image
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Map

Source: The MLS

MLS Number: 17-272418

The MLS

APN: 6006-026-022

California Los Angeles County Los Angeles 90003 Florence

423 E 61st St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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