NOT LISTED FOR SALE

514 E 61st St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $728,000 - $846,094

4 Beds
4 Baths
1,900 Sq Ft
$419/Sq Ft Est. Value

Last Sold February 28, 2017

Last sale price $470,000 $247 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,923/month

62 Days on Market

About This Home

As of February 2017

Fourplex. 3 Units 1 bed 1 bath, 1 Unit legally 1 bed converted without permits to 2 beds 1 bath.
2 Units will be delivered vacant, and 2 occupaid

Last Agent to Sell the Property

Maria Orcoyen

VIP Real Estate Firm License #01754305 Listed on: 12/20/2016

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,432 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 1,900 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 6006023007

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6006023007
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 247.37

Exterior Features

  • Pool Private: No

Utilities

  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5432.00

Multi Family

  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2392.02
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2022
Sold by
Raymundo Ortega
Bought by
Milo Real Estate Group Llc
Current Estimated Value
$795,524

Purchase Details

Listed on
Dec 20, 2016
Closed on
Feb 24, 2017
Sold by
Peralta Griscelda Juarez
Bought by
Hurtado Arturo
Seller's Agent
Maria Orcoyen
VIP Real Estate Firm
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$460,000
Sold Price
$470,000
Premium/Discount to List
$10,000
2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.12%
Original Mortgage
$461,487
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 20, 2016
Closed on
Feb 16, 2017
Sold by
Hurtado Arturo
Bought by
Antonio Raymundo Ortega and Antonio Pablo M Ortega
Seller's Agent
Maria Orcoyen
VIP Real Estate Firm
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$460,000
Sold Price
$470,000
Premium/Discount to List
$10,000
2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$461,487
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
May 14, 2004
Sold by
Covarrubias Maria
Bought by
Hurtado Arturo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2002
Sold by
Covarrubias Maria
Bought by
Covarrubias Maria and Hurtado Arturo

Purchase Details

Closed on
Mar 21, 2002
Sold by
Becerra Jorge
Bought by
Covarrubias Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,775
Interest Rate
7.08%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 23, 1999
Sold by
Hernandez Marco
Bought by
Covarrubias Maria and Becerra Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,956
Interest Rate
7.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 19, 1999
Sold by
Larrea Veronica C
Bought by
Hernandez Marco and Martinez George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
3.35%

Purchase Details

Closed on
Mar 3, 1997
Sold by
Watkins Donald E
Bought by
Watkins Donald E and Watkins Carol H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000
Interest Rate
7.98%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Milo Real Estate Group Llc -- None Listed On Document
Hurtado Arturo -- Old Republic Title Company
Antonio Raymundo Ortega $470,000 Old Republic Title Company
Hurtado Arturo -- Gateway Title
Covarrubias Maria -- --
Covarrubias Maria -- American Title Co
Covarrubias Maria $250,000 Gateway Title Company
Hernandez Marco -- Southland Title
Hernandez Marco $85,000 Southland Title
Watkins Donald E -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Antonio Raymundo Ortega $461,487
Previous Owner Hurtado Arturo $294,000
Previous Owner Covarrubias Maria $254,775
Previous Owner Covarrubias Maria $247,956
Previous Owner Hernandez Marco $59,500
Previous Owner Watkins Donald E $9,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2017 02/28/17 Sold $470,000 +2.2% $247 / Sq Ft
02/20/2017 02/20/17 Pending -- -- --
12/20/2016 12/20/16 For Sale $460,000 -2.1% $242 / Sq Ft
11/01/2016 11/01/16 Sold $470,000 -2.1% $210 / Sq Ft View Prior Sale
08/24/2016 08/24/16 Pending -- -- --
07/14/2016 07/14/16 Price Changed $479,900 -1.9% $215 / Sq Ft
07/07/2016 07/07/16 For Sale $489,000 -- $219 / 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 $9,221 $738,684 $520,200 $218,484
2024 $9,077 $724,200 $510,000 $214,200
2023 $8,057 $639,334 $449,365 $189,969
2022 $6,373 $514,010 $382,774 $131,236
2021 $6,287 $503,932 $375,269 $128,663
2020 $6,347 $498,766 $371,422 $127,344
2019 $6,104 $488,988 $364,140 $124,848
2018 $6,061 $479,400 $357,000 $122,400
2016 $4,837 $381,501 $122,456 $259,045
2015 $4,769 $375,771 $120,617 $255,154
2014 $4,809 $368,411 $118,255 $250,156
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Maria Orcoyen

    VIP Real Estate Firm

  • N

    Buyer's Agent in 2017

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    6,215 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS16765746

California Regional Multiple Listing Service (CRMLS)

APN: 6006-023-007

California Los Angeles County Los Angeles 90003 Florence

514 E 61st St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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