Seller's Agent in 2022
Juan Huizar
Sage Real Estate Group, Inc.
(562) 307-0838
1 in this area
101 Total Sales
515 E 61st St Los Angeles, CA 90003
Florence NeighborhoodEstimated Value: $715,000 - $925,000
5
Beds
4
Baths
2,291
Sq Ft
$350/Sq Ft
Est. Value
Highlights
- Living Room
- Accessible Parking
- Security Fence
- Ramp on the main level
- Tile Flooring
- Rectangular Lot
About This Home
As of May 2022Welcome to 515 E. 61st St., a 4-unit property in an up-and-coming neighborhood of Los Angeles. Situated in a rapidly-improving neighborhood, this property is ready to rent as-is, while still a great candidate for value-add investors. Despite a great current cap. rate of 6.9%, there is still tremendous upside in the rents. Offering a favorable unit mix of a duplex up front, each unit having 2 beds, 1 bath. In the rear, there are two separate, free-standing structures - with one home being a 1 bed, 1 bath and the second home being a studio. This large lot features tons of gated parking in the rear, while providing an opportunity to build one, if not two, ADUs. Whether you are an owner-user or a traditional investor, this property has unlimited potential.
Last Agent to Sell the Property
Sage Real Estate Group, Inc. License #01417642 Listed on: 03/08/2022
Last Buyer's Agent
Andrew McAdams
eXp Realty of California Inc License #02158088
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1908
Lot Details
- 5,419 Sq Ft Lot
- Two or More Common Walls
- Security Fence
- Wrought Iron Fence
- Stucco Fence
- Fence is in good condition
- Rectangular Lot
Home Design
- Quadruplex
- Shingle Roof
Interior Spaces
- 2,291 Sq Ft Home
- 2-Story Property
- Entryway
- Living Room
- Tile Flooring
- Laundry in unit
Kitchen
- Gas Oven
- Gas Cooktop
- Range Hood
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Parking
- 6 Open Parking Spaces
- 6 Parking Spaces
- Parking Available
- Private Parking
- Shared Driveway
Accessible Home Design
- Ramp on the main level
- Accessible Parking
Outdoor Features
- Exterior Lighting
Utilities
- No Heating
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 405
- Assessor Parcel Number 6006026028
- $441 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 4 Units
Building Details
- 3 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $900
- Insurance Expense $1,421
- Professional Management Expense $4,560
- Water Sewer Expense $3,360
- New Taxes Expense $10,000
- Operating Expense $20,662
- Gross Income $75,852
- Net Operating Income $55,372
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
Listed on
Mar 8, 2022
Closed on
May 5, 2022
Sold by
Bought by
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Andrew McAdams
eXp Realty of California Inc
List Price
$800,000
Sold Price
$775,000
Premium/Discount to List
-$25,000
-3.12%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,667
Avg. Annual Appreciation
0.87%
Purchase Details
Closed on
Mar 30, 2020
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
$528,000
Interest Rate
3.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 22, 2017
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
$513,823
Interest Rate
3.87%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 13, 2017
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
$510,581
Interest Rate
4.37%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 3, 2017
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
$510,581
Interest Rate
4.37%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 16, 2007
Sold by
Bought by
Purchase Details
Closed on
Jun 12, 2007
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
$516,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 23, 2006
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
$511,200
Interest Rate
6.37%
Mortgage Type
Balloon
Purchase Details
Closed on
Aug 23, 2005
Sold by
Bought by
Purchase Details
Closed on
Sep 23, 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
$340,000
Interest Rate
6.37%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 14, 2003
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
$312,550
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 31, 2003
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
$312,550
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 20, 2003
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
$312,550
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 5, 2003
Sold by
Bought by
Purchase Details
Closed on
Mar 31, 2003
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
$172,000
Interest Rate
5.54%
Purchase Details
Closed on
Mar 11, 2003
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
$172,000
Interest Rate
5.54%
Purchase Details
Closed on
Jun 18, 2002
Sold by
Bought by
Purchase Details
Closed on
Mar 8, 2001
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
$243,000
Interest Rate
9.12%
Purchase Details
Closed on
Sep 30, 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
$137,700
Interest Rate
7.82%
Purchase Details
Closed on
Feb 1, 1999
Sold by
Bought by
Purchase Details
Closed on
Jan 20, 1999
Sold by
Bought by
Purchase Details
Closed on
Nov 18, 1998
Sold by
Bought by
Purchase Details
Closed on
Mar 4, 1998
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| -- | Endpoint Title | ||
| -- | Title Connect Inc | ||
| -- | Title Connect Inc | ||
| -- | Provident Title Company | ||
| -- | Fidelity National Title | ||
| $520,000 | Fidelity National Title | ||
| -- | Sut | ||
| $645,000 | Security Union Title Company | ||
| $639,000 | Investors Title Company | ||
| -- | None Available | ||
| $425,000 | Landsafe Title | ||
| -- | Ticor Title Company | ||
| -- | Ticor Title Company | ||
| $329,000 | Ticor Title Company | ||
| -- | -- | ||
| -- | -- | ||
| -- | Fidelity National Title Co | ||
| $190,500 | Fidelity National Title Co | ||
| $215,000 | Fidelity National Title | ||
| $270,000 | American Title | ||
| $135,000 | Investors Title Company | ||
| $134,492 | Chicago Title | ||
| -- | -- | ||
| -- | -- | ||
| $132,759 | Stewart Title |
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 |
|---|---|---|---|
| Previous Owner | $528,000 | ||
| Previous Owner | $513,823 | ||
| Previous Owner | $510,581 | ||
| Previous Owner | $516,000 | ||
| Previous Owner | $511,200 | ||
| Previous Owner | $340,000 | ||
| Previous Owner | $312,550 | ||
| Previous Owner | $172,000 | ||
| Previous Owner | $243,000 | ||
| Previous Owner | $137,700 | ||
| Closed | $63,750 |
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 |
|---|---|---|---|---|---|
| 05/27/2022 05/27/22 | Sold | $775,000 | 0.0% | $338 / Sq Ft | |
| 04/25/2022 04/25/22 | Pending | -- | -- | -- | |
| 04/11/2022 04/11/22 | Price Changed | $775,000 | -3.1% | $338 / Sq Ft | |
| 03/08/2022 03/08/22 | For Sale | $800,000 | +53.8% | $349 / Sq Ft | |
| 05/03/2017 05/03/17 | Sold | $520,000 | -5.5% | $227 / Sq Ft | View Prior Sale |
| 01/31/2017 01/31/17 | Pending | -- | -- | -- | |
| 01/13/2017 01/13/17 | Price Changed | $549,988 | -4.3% | $240 / Sq Ft | |
| 12/12/2016 12/12/16 | For Sale | $575,000 | 0.0% | $251 / Sq Ft | |
| 11/21/2016 11/21/16 | Pending | -- | -- | -- | |
| 09/09/2016 09/09/16 | For Sale | $575,000 | 0.0% | $251 / Sq Ft | |
| 08/17/2016 08/17/16 | Pending | -- | -- | -- | |
| 04/20/2016 04/20/16 | For Sale | $575,000 | -- | $251 / 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 | $10,182 | $822,435 | $583,664 | $238,771 |
| 2024 | $10,054 | $806,310 | $572,220 | $234,090 |
| 2023 | $9,862 | $790,500 | $561,000 | $229,500 |
| 2022 | $7,086 | $568,693 | $300,752 | $267,941 |
| 2021 | $6,993 | $557,543 | $294,855 | $262,688 |
| 2020 | $7,059 | $551,827 | $291,832 | $259,995 |
| 2019 | $6,790 | $541,008 | $286,110 | $254,898 |
| 2018 | $6,674 | $530,400 | $280,500 | $249,900 |
| 2017 | $6,291 | $500,000 | $312,500 | $187,500 |
| 2016 | $5,774 | $460,000 | $287,500 | $172,500 |
| 2015 | $5,775 | $460,000 | $287,500 | $172,500 |
| 2014 | $5,160 | $397,000 | $248,100 | $148,900 |
Source: Public Records
Agents Affiliated with this Home
-
Juan Huizar
-
Caleb Baldwin
Seller Co-Listing Agent in 2022
Caleb Baldwin
MJ Financial Services Inc
(562) 572-4978
1 in this area
44 Total Sales
-
A
Buyer's Agent in 2022
Andrew McAdams
eXp Realty of California Inc
-
Natasha Gwilt
Buyer Co-Listing Agent in 2022
Natasha Gwilt
eXp Realty of California Inc
(424) 408-1868
1 in this area
83 Total Sales
-
Albert Rodriguez
Seller's Agent in 2017
Albert Rodriguez
CENTURY 21 CITRUS REALTY INC
(626) 255-4854
52 Total Sales
-
J
Buyer's Agent in 2017
Juan Moreno
New Aim Funding Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22041707
APN: 6006-026-028
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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