NOT LISTED FOR SALE

612 E 87th St Los Angeles, CA 90002

Green Meadows Neighborhood

Estimated Value: $607,000 - $807,361

6 Beds
3 Baths
1,705 Sq Ft
$438/Sq Ft Est. Value

Sale Details

Date Sold: July 20, 2018

Last sale price $520,000 $305 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,671 / mo

69 Days on Market

About This Home

As of July 2018

This is amazing opportunity to own this triplex that generate a solid income for an investor. All units are 2 bedroom and 1 bath; front and the back unit have recently been extensively renovated with new kitchens, bathrooms, flooring, dual pane windows, wall heaters, interior doors and a fresh coat of paint. The property is well maintained by the owner making this property a great purchase. Tenant occupied so please do not disturb the tenants.

Last Agent to Sell the Property

Pavan Maddi

Real Estate Mechanics License #01834530 Listed on: 04/23/2018

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 5,400 Sq Ft Lot
  • Lot Dimensions are 40x135
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 1,705 Sq Ft Home
  • Property Attached
  • Raised Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Parking Available

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Standard Electricity

Listing and Financial Details

  • Tax Lot 84
  • Tax Tract Number 1977
  • Assessor Parcel Number 6042004050

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Maintenance Expense $420
  • Water Sewer Expense $2,412
  • New Taxes Expense $6,670
  • Operating Expense $10,902
  • Gross Income $48,570
  • Net Operating Income $37,668

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

5,400 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 6.73
  • Property Attached: Yes
  • Subdivision Name Other: Avalon Gardens
  • Water Sewer Expenses: 2412.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6042004050
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 304.99

Exterior Features

  • Foundation: Raised
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Electric: Standard
  • Heating Type: Wall Furnace
  • 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: 40x135
  • Lot Size Sq Ft: 5400.00
  • Lot Size Acres: 0.1240
  • Latitude Manual: 33.95894600

Multi Family

  • Gross Income: 48570.00
  • Gross Multiplier: 11.50
  • Gross Scheduled Income: 48570.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 5400.0000 Square Feet
  • Maintenance Expense: 420.00
  • Net Operating Income: 37668.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 10902.00
  • Rent Control: Yes
  • Total Expenses: 10902.00

Tax Info

  • New Taxes Expense: 6670.00
  • Tax Area: 461
  • Tax Census Tract: 2400.10
  • Tax Lot: 84
  • Tax Rate: 1.19
  • Tax Tract Number: 1977
  • Tax Year: 2018

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
Apr 23, 2018
Closed on
Jul 16, 2018
Sold by
Bought by
Seller's Agent
Pavan Maddi
Real Estate Mechanics
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$535,000
Sold Price
$520,000
Premium/Discount to List
-$15,000
-2.8%
Current Estimated Value
$746,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,590
Avg. Annual Appreciation
4.64%

Purchase Details

Listed on
Apr 23, 2018
Closed on
Jul 10, 2018
Sold by
Bought by
Seller's Agent
Pavan Maddi
Real Estate Mechanics
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$535,000
Sold Price
$520,000
Premium/Discount to List
-$15,000
-2.8%

Purchase Details

Closed on
Apr 19, 2017
Sold by
Bought by

Purchase Details

Closed on
Dec 7, 2016
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
$291,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2005
Sold by
Bought by

Purchase Details

Closed on
Sep 19, 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
$124,000
Interest Rate
6.99%

Purchase Details

Closed on
Aug 6, 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
$124,000
Interest Rate
6.99%

Purchase Details

Closed on
May 14, 2001
Sold by
Bought by

Purchase Details

Closed on
Dec 6, 2000
Sold by
Bought by

Purchase Details

Closed on
Jan 5, 2000
Sold by
Bought by

Purchase Details

Closed on
Oct 12, 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
$233,078
Interest Rate
7.75%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 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
$233,078
Interest Rate
7.75%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 15, 1998
Sold by
Bought by

Purchase Details

Closed on
May 14, 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
$210,350
Interest Rate
8.13%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 21, 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
$108,500
Interest Rate
7.46%

Purchase Details

Closed on
Dec 27, 1996
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
$108,500
Interest Rate
7.46%

Purchase Details

Closed on
May 17, 1996
Sold by
Bought by

Purchase Details

Closed on
Jan 19, 1996
Sold by
Bought by
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
-- Pacific Coast Title
$520,000 Pacific Coast Title
-- Old Republic Title
$388,000 Old Republic Title Company
-- --
-- Stewart Title
$155,000 Stewart Title
$250,783 --
$250,783 Fidelity Title
-- --
$235,000 Old Republic Title
$140,000 Fidelity Title
$224,175 United Title Company
$218,000 Southland Title Corporation
$95,000 Stewart Title
-- Stewart Title
-- Stewart Title
$96,420 First Southwestern Title Co
-- --
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 $291,000
Previous Owner $124,000
Previous Owner $233,078
Previous Owner $139,070
Previous Owner $210,350
Previous Owner $108,500
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
07/20/2018 07/20/18 Sold $520,000 -2.8% $305 / Sq Ft
07/01/2018 07/01/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $535,000 0.0% $314 / Sq Ft
06/10/2018 06/10/18 Pending -- -- --
05/25/2018 05/25/18 For Sale $535,000 0.0% $314 / Sq Ft
05/21/2018 05/21/18 Pending -- -- --
05/14/2018 05/14/18 Price Changed $535,000 -4.3% $314 / Sq Ft
04/23/2018 04/23/18 For Sale $559,000 -- $328 / 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 $7,938 $602,707 $365,350 $237,357
2024 $7,825 $590,890 $358,187 $232,703
2023 $7,679 $579,305 $351,164 $228,141
2022 $7,090 $546,611 $294,329 $252,282
2021 $6,999 $535,894 $288,558 $247,336
2020 $7,063 $530,400 $285,600 $244,800
2019 $6,795 $520,000 $280,000 $240,000
2018 $5,331 $395,760 $255,000 $140,760
2016 $2,856 $193,418 $116,052 $77,366
2015 $2,813 $190,513 $114,309 $76,204
2014 $2,832 $186,782 $112,070 $74,712
Source: Public Records

Agents Affiliated with this Home

  • Pavan Maddi

    Seller's Agent in 2018

    Pavan Maddi

    Real Estate Mechanics

    (562) 754-2726

    12 Total Sales

    Pavan Maddi
    Section Image

  • G

    Buyer's Agent in 2018

    General NONMEMBER

    NONMEMBER MRML

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18092509

California Regional Multiple Listing Service (CRMLS)

APN: 6042-004-050

California Los Angeles County Los Angeles 90002 Green Meadows

612 E 87th St, Los Angeles, CA

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.

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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