505 E 68th St Los Angeles, CA 90003
Florence NeighborhoodEstimated payment $6,692/month
Highlights
- Custom Home
- Laundry Room
- 3 Car Garage
- Neighborhood Views
- Central Heating
- Security Fence
About This Home
*** AMAZING INVESTMENT OPPORTUNITY *** New Build from the ground up in 2019. A MASSIVE 2-Story Building that BOASTS 3,776 sq/ft on a 5,396 sq/ft Lot. A Gated Duplex. Both units are 5 bedrooms and 3 Bathrooms. Each unit has its own Attached Garage. The Front Unit has a single car garage and the back unit has double car garage. Each unit has inside Laundry. Separated Electric, Gas and Water Meters. Amenities for both units include- Dual pane windows, granite counter tops, wood cabinets, tile flooring in the Kitchen and Bathrooms, carpeted bedrooms and forced heat throughout. Tenants pay ALL utilities. NFPA 13D fire sprinkler system throughout. 100 amp electrical panels (source: LADBS) An AMAZING INVESTEMENT OPPORTUNITY to Add to your Portfolio or Get Started with Newer Building.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2019
Lot Details
- 5,396 Sq Ft Lot
- 1 Common Wall
- Security Fence
- Wrought Iron Fence
- Block Wall Fence
- Front Yard
- Density is up to 1 Unit/Acre
Parking
- 3 Car Garage
- Front Facing Garage
- Rear-Facing Garage
- Driveway
- On-Street Parking
Home Design
- Duplex
- Custom Home
- Traditional Architecture
- Entry on the 1st floor
- Raised Foundation
- Composition Roof
Interior Spaces
- 3,776 Sq Ft Home
- 1-Story Property
- Laminate Flooring
- Neighborhood Views
Kitchen
- Gas Range
- Free-Standing Range
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Central Heating
- Vented Exhaust Fan
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 13 / C
- Tax Tract Number 40
- Assessor Parcel Number 6011012026
- $434 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Other Expense $11,268
- Gross Income $91,200
- Net Operating Income $91,200
Map
Home Values in the Area
Average Home Value in this Area
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 | $11,268 | $921,063 | $415,801 | $505,262 |
| 2024 | $11,268 | $903,004 | $407,649 | $495,355 |
| 2023 | $11,052 | $885,299 | $399,656 | $485,643 |
| 2022 | $10,542 | $867,941 | $391,820 | $476,121 |
| 2021 | $10,397 | $850,924 | $384,138 | $466,786 |
| 2019 | $1,545 | $242,150 | $188,372 | $53,778 |
| 2018 | $3,005 | $237,403 | $184,679 | $52,724 |
| 2016 | $2,870 | $228,186 | $177,508 | $50,678 |
| 2015 | $2,829 | $224,759 | $174,842 | $49,917 |
| 2014 | $2,846 | $220,358 | $171,418 | $48,940 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/02/2025 12/02/25 | Price Changed | $1,098,000 | -4.5% | $291 / Sq Ft | |
| 10/16/2025 10/16/25 | Price Changed | $1,149,900 | -7.9% | $305 / Sq Ft | |
| 07/14/2025 07/14/25 | For Sale | $1,249,000 | +233.1% | $331 / Sq Ft | |
| 05/16/2019 05/16/19 | Sold | $375,000 | -6.3% | $488 / Sq Ft | View Prior Sale |
| 02/25/2019 02/25/19 | Pending | -- | -- | -- | |
| 01/31/2019 01/31/19 | Price Changed | $400,000 | -11.1% | $521 / Sq Ft | |
| 10/10/2018 10/10/18 | For Sale | $450,000 | -- | $586 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $380,500 | Lawyers Title | |
| Grant Deed | $375,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | Lst Rosemead | |
| Interfamily Deed Transfer | -- | Gateway Title Company | |
| Grant Deed | $190,000 | Gateway Title Company | |
| Interfamily Deed Transfer | -- | Gateway Title Company | |
| Individual Deed | $95,000 | Southland Title Corporation |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $250,000 | New Conventional | |
| Previous Owner | $152,000 | Purchase Money Mortgage | |
| Previous Owner | $76,000 | No Value Available | |
| Closed | $38,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25156295
APN: 6011-012-026
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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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