NOT LISTED FOR SALE

506 E 61st St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $706,000 - $870,000

3 Beds
2 Baths
1,248 Sq Ft
$633/Sq Ft Est. Value

Last Sold November 18, 2021

Last sale price $485,000 $389 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $4,933/month

133 Days on Market

About This Home

As of November 2021

2 units. Front 2bdrs, 1 bath back unit 1bd 1 bath

Last Agent to Sell the Property

Marlene Rodriguez

M. R. & Associates License #00898732 Listed on: 06/16/2021

Last Buyer's Agent

Marlene Rodriguez

M. R. & Associates License #00898732 Listed on: 06/16/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,612

Year Built

  • Built in 1923

Lot Details

  • 5,401 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,248 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 13 / A
  • Assessor Parcel Number 6006023009

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $7,487
  • New Taxes Expense $7,487
  • Operating Expense $7,487

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,612

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6006023009
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 388.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • 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: 2-5 Units/Acre
  • Lot Size Sq Ft: 5401.00
  • Lot Size Acres: 0.1240

Multi Family

  • Insurance Expense: 7487.00
  • Lot Size Area: 5401.0000 Square Feet
  • 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: Yes
  • Total Expenses: 7487.00

Tax Info

  • New Taxes Expense: 7487.00
  • Tax Block: A
  • Tax Census Tract: 2392.02
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 25, 2022
Sold by
Soberanis Joaquin
Bought by
Soberanis Paula Aracely
Current Estimated Value
$789,542

Purchase Details

Listed on
Jun 16, 2021
Closed on
Nov 29, 2021
Sold by
Angeleno Homes Llc
Bought by
Cardinal Development Llc
Seller's Agent
Marlene Rodriguez
M. R. & Associates
Buyer's Agent
Marlene Rodriguez
M. R. & Associates
List Price
$599,999
Sold Price
$485,000
Premium/Discount to List
-$114,999
-19.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.20%

Purchase Details

Closed on
Aug 13, 1996
Sold by
Delapaz Gonzala and Macias Jose
Bought by
Castaneda Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,902
Interest Rate
7.95%
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
Soberanis Paula Aracely -- None Listed On Document
Ortiz Jorge Alberto Cort -- None Listed On Document
Cardinal Development Llc -- Accommodation/Courtesy Recordi
Castaneda Maria $133,500 United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castaneda Maria $131,902
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2021 11/18/21 Sold $485,000 -3.0% $389 / Sq Ft
10/27/2021 10/27/21 Pending -- -- --
09/29/2021 09/29/21 Price Changed $499,999 -16.7% $401 / Sq Ft
06/16/2021 06/16/21 For Sale $599,999 -- $481 / 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 $9,612 $795,905 $636,724 $159,181
2024 $9,612 $780,300 $624,240 $156,060
2023 $9,426 $765,000 $612,000 $153,000
2022 $5,898 $485,000 $430,000 $55,000
2021 $2,596 $200,844 $90,267 $110,577
2020 $2,618 $198,786 $89,342 $109,444
2019 $2,521 $194,890 $87,591 $107,299
2018 $2,487 $191,070 $85,874 $105,196
2016 $2,368 $183,653 $82,541 $101,112
2015 $2,336 $180,896 $81,302 $99,594
2014 $2,356 $177,354 $79,710 $97,644
Source: Public Records

Agents Affiliated with this Home

  • Marlene Rodriguez

    Seller's Agent in 2021

    Marlene Rodriguez

    M. R. & Associates

    (562) 824-7333

    1 in this area

    67 Total Sales

    Marlene Rodriguez
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW21123060

California Regional Multiple Listing Service (CRMLS)

APN: 6006-023-009

California Los Angeles County Los Angeles 90003 Florence

506 E 61st St, Los Angeles, CA

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