NOT LISTED FOR SALE

500 E 61st St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $764,000 - $930,000

5 Beds
3 Baths
1,496 Sq Ft
$550/Sq Ft Est. Value

Last Sold April 17, 2018

Last sale price $571,000 $382 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,971/month

8 Days on Market

Highlights

  • Open Floorplan
  • Lawn
  • Living Room
  • Traditional Architecture
  • Crown Molding
  • 3-minute walk to Avalon and Gage Park

About This Home

As of April 2018

Incredible opportunity to own TWO UNITS in Southeast Los Angeles! This is the perfect opportunity to live in one and rent the other or rent out both units for some supplemental income. Both units have fresh wood laminate & plush carpet flooring with kitchens updated with modern quartz countertops & white panel cabinets and bathrooms with new tile, vanities, framed mirrors, & bathrooms. The front unit features 3 bed/2 bath and boasts a private master suite. The rear unit features 2 bed/1 bath with a modern and desirable open living concept. Electric Panels & meters have been upgraded! Plenty of parking with an extended driveway that leads to a 2 space carport while the fully gated lot adds privacy and security. Conveniently located close to the 101 freeway and Downtown Los Angeles. This property has so many updates and must be seen to be fully appreciated! Do not miss out on this opportunity & schedule a showing today! Vouchers for white stove issued at the close of escrow.

Last Agent to Sell the Property

Polly Watts

Sundae Homes License #00895696 Listed on: 03/01/2018

Last Buyer's Agent

Charles Jackson

Jackson Properties & Associates License #01334605

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,934

Year Built

  • Built in 1914 | Remodeled

Lot Details

  • 5,400 Sq Ft Lot
  • Lot Dimensions are 40x135
  • 1 Common Wall
  • Wrought Iron Fence
  • Wood Fence
  • Landscaped
  • Rectangular Lot
  • Lawn
  • Front Yard

Home Design

  • Traditional Architecture
  • Property Attached
  • Entry on the 1st floor
  • Raised Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,496 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Living Room
  • Range Hood

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 14
  • Assessor Parcel Number 6006023010

Community Details

Overview

  • 2 Units

Building Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,934

Year Built

Built in 1914 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: LAR2
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 6006023010
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Crown Molding, Open Floorplan
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Laminate, Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 381.68
  • Room Type: All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Range Hood
  • Heating Type: Wall Furnace, Natural Gas
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Rectangular Lot
  • Lot Size: 40x135
  • Lot Size Sq Ft: 5400.00

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Scheduled Income: 39600.00
  • 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: No

Tax Info

  • Tax Census Tract: 2392.02
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2018
Sold by
Asghedom Samiel Ghebrehet
Bought by
Asghedom Samiel Ghebrehet and The Samiel Ghebrehet Asghedom
Current Estimated Value
$823,391

Purchase Details

Listed on
Mar 1, 2018
Closed on
Mar 27, 2018
Sold by
Hollyvale Rental Holdings Llc
Bought by
Asghedom Samiel G
Seller's Agent
Polly Watts
Sundae Homes
Buyer's Agent
Charles Jackson
Jackson Properties & Associates
List Price
$549,900
Sold Price
$571,000
Premium/Discount to List
$21,100
3.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.98%
Original Mortgage
$428,250
Outstanding Balance
$367,409
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$455,982

Purchase Details

Closed on
Jan 27, 2016
Sold by
Alvarez Salvador and Alvarez Dora
Bought by
Hollyvale Rental Holdings Llc

Purchase Details

Closed on
Sep 30, 2009
Sold by
Alvarez Salvador and Alvarez Dora
Bought by
Alvarez Family Revocable Living Trust

Purchase Details

Closed on
Jul 23, 2007
Sold by
Alvarez Salvador
Bought by
Alvarez Salvador and Alvarez Dora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
7.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 8, 2005
Sold by
Renteria Filemon and Renteria Emilia
Bought by
Renteria Filemon and Renteria Emilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
7.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2005
Sold by
Renteria Filemon and Renteria Emilia
Bought by
Alvarez Salvador

Purchase Details

Closed on
Jul 14, 2004
Sold by
Renteria Fermin
Bought by
Renteria Filemon and Renteria Emilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 7, 1997
Sold by
Renteria Esther Valencia
Bought by
Renteria Filemon

Purchase Details

Closed on
May 8, 1997
Sold by
Torres Hilda P
Bought by
Renteria Filemon and Renteria Fermin

Purchase Details

Closed on
May 17, 1996
Sold by
Maldonado Florentino Olide and Maldonado Victoria
Bought by
Torres Hilda P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,200
Interest Rate
7.97%
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
Asghedom Samiel Ghebrehet -- None Available
Asghedom Samiel G $571,000 Usa National Title Company
Hollyvale Rental Holdings Llc $314,100 Accommodation
Alvarez Family Revocable Living Trust -- None Available
Alvarez Salvador -- Multiple
Renteria Filemon -- Stewart Title Mad Anaheim
Alvarez Salvador -- None Available
Renteria Filemon -- Fidelity Long Beach
Renteria Filemon -- American Title
Renteria Filemon $132,300 American Title
Torres Hilda P $78,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asghedom Samiel G $428,250
Previous Owner Alvarez Salvador $345,000
Previous Owner Renteria Filemon $251,250
Previous Owner Renteria Filemon $176,000
Previous Owner Torres Hilda P $70,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2018 04/17/18 Sold $571,000 +3.8% $382 / Sq Ft
03/09/2018 03/09/18 Pending -- -- --
03/01/2018 03/01/18 For Sale $549,900 -- $368 / 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 $7,934 $645,126 $487,093 $158,033
2024 $7,934 $632,478 $477,543 $154,935
2023 $7,784 $620,078 $468,180 $151,898
2022 $7,425 $607,920 $459,000 $148,920
2021 $7,356 $600,222 $367,912 $232,310
2020 $7,429 $594,068 $364,140 $229,928
2019 $7,138 $582,420 $357,000 $225,420
2018 $5,194 $416,160 $187,272 $228,888
2016 $8,666 $427,122 $311,686 $115,436
2015 $5,205 $420,708 $307,005 $113,703
2014 $5,232 $412,468 $300,992 $111,476
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2018

    Polly Watts

    Sundae Homes

    Section Image

  • C

    Buyer's Agent in 2018

    Charles Jackson

    Jackson Properties & Associates

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: WS18046953

California Regional Multiple Listing Service (CRMLS)

APN: 6006-023-010

California Los Angeles County Los Angeles 90003 Florence

500 E 61st St, Los Angeles, CA

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