NOT LISTED FOR SALE

514 E 61st St Los Angeles, CA 90003

Florence Neighborhood

Estimated Value: $719,000 - $868,708

4 Beds
4 Baths
1,900 Sq Ft
$418/Sq Ft Est. Value

Sale Details

Date Sold: February 28, 2017

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

Est. 69% increase in value since last sale

Current estimated payment $5,052 / mo

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

General NONMEMBER

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

5,432 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2023
Sold by
Bought by
Current Estimated Value
$794,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,400
Outstanding Balance
$144,729
Interest Rate
6.39%
Mortgage Type
Credit Line Revolving
Estimated Equity
$649,948

Purchase Details

Closed on
Jul 28, 2022
Sold by
Bought by

Purchase Details

Listed on
Dec 20, 2016
Closed on
Feb 24, 2017
Sold by
Bought by
Seller's Agent
Maria Orcoyen
VIP Real Estate Firm
Buyer's Agent
General NONMEMBER
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
5.84%
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
Bought by
Seller's Agent
Maria Orcoyen
VIP Real Estate Firm
Buyer's Agent
General NONMEMBER
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
Bought by

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
Bought by

Purchase Details

Closed on
Mar 21, 2002
Sold by
Bought by

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
Bought by

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
Bought by

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
Bought by

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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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title
-- None Listed On Document
-- Old Republic Title Company
$470,000 Old Republic Title Company
-- Gateway Title
-- --
-- American Title Co
$250,000 Gateway Title Company
-- Southland Title
$85,000 Southland Title
-- Gateway Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $151,400
Previous Owner $461,487
Previous Owner $294,000
Previous Owner $254,775
Previous Owner $247,956
Previous Owner $59,500
Previous Owner $9,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • G

    Buyer's Agent in 2017

    General NONMEMBER

    NONMEMBER MRML

See All Agents

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

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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