NOT LISTED FOR SALE

623 E 108th St Los Angeles, CA 90059

Green Meadows Neighborhood

Estimated Value: $713,000 - $1,218,679

8 Beds
4 Baths
2,586 Sq Ft
$369/Sq Ft Est. Value

Last Sold July 18, 2017

Last sale price $680,000 $263 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,931/month

1 Day on Market

About This Home

As of July 2017

This property has 4 units of 2 bedrooms, 1 bath rented for $1,500 each. 75% of the property has been remodeled. Completely wrought iron gated. Separate gas and electric meters. Two car garage.

Last Agent to Sell the Property

Jose Garcia

AMC Realty License #01101005 Listed on: 03/21/2017

Last Buyer's Agent

Jose Garcia

AMC Realty License #01101005 Listed on: 03/21/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,502

Year Built

  • Built in 1904

Lot Details

  • 5,748 Sq Ft Lot
  • No Common Walls
  • Front Yard

Parking

  • 1 Car Garage

Home Design

  • 2,586 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 38.3
  • Tax Tract Number 6478
  • Assessor Parcel Number 6051030027

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,800
  • Water Sewer Expense $1,800
  • New Taxes Expense $8,875
  • Operating Expense $12,475
  • Gross Income $72,000
  • Net Operating Income $59,525

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,502

Year Built

Built in 1904

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 6051030027
  • Year Built: 1904
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 262.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5748.00

Multi Family

  • Gross Income: 72000.00
  • Gross Scheduled Income: 72000.00
  • Insurance Expense: 1800.00
  • Net Operating Income: 59525.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 12475.00
  • Rent Control: Yes
  • Total Expenses: 12475.00

Tax Info

  • New Taxes Expense: 8875.00
  • Tax Lot: 38.3
  • Tax Tract Number: 6478

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2024
Sold by
Mejia Rocio Del Carmen
Bought by
Alvarez Jose Luis Mejia
Current Estimated Value
$927,788

Purchase Details

Closed on
Dec 29, 2021
Sold by
Avendano Rosa E
Bought by
Alvarez Manuel Enrique Mejia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$664,427
Interest Rate
3.12%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 24, 2017
Sold by
Alarcon Efrain O
Bought by
Alvarez Manuel E Mejia and Avendano Rosa E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,683
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 11, 2016
Sold by
Ray Michael and Ray Karina
Bought by
Alarcon Efrain O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,309
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 15, 2014
Closed on
Jun 26, 2014
Sold by
Hda Mortgage Fund Llc
Bought by
Ray Michael and Ray Karina
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$449,000
Sold Price
$450,000
Premium/Discount to List
$1,000
0.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Original Mortgage
$441,849
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 17, 2010
Sold by
Orozco Octavio
Bought by
Hda Mortgage Fund Llc

Purchase Details

Closed on
Jun 23, 2008
Sold by
Orozco Octavio
Bought by
Orozco Octavio and Romo Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 2008
Sold by
Salgado Saul and Salgado Maria
Bought by
Orozco Octavio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 22, 2005
Sold by
Salgado Saul
Bought by
Salgado Saul and Salgado Maria A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 2004
Sold by
Salgado Saul and Salgado Saul
Bought by
Salgado Saul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
6.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2002
Sold by
Salgado Saul
Bought by
Salgado Saul and Salgado Saul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,287
Interest Rate
6.15%
Mortgage Type
FHA

Purchase Details

Closed on
May 29, 2002
Sold by
Ortiz Evaristo and Ortiz Alicia
Bought by
Ortiz Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.83%

Purchase Details

Closed on
May 23, 2002
Sold by
Ortiz Investments Inc
Bought by
Sharma Developments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.83%

Purchase Details

Closed on
Mar 6, 2002
Sold by
Citimortgage Inc
Bought by
Ortiz Evaristo and Ortiz Alicia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,400
Interest Rate
6.09%

Purchase Details

Closed on
Jun 13, 2001
Sold by
Romero Jesus and Romero Carlos
Bought by
Citimortgage Inc

Purchase Details

Closed on
Oct 25, 1999
Sold by
Jimenez Azucena
Bought by
Romero Jesus and Romero Carlos

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
8.2%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 29, 1999
Sold by
Jalisco Building Material Inc
Bought by
Jimenez Azucena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,610
Interest Rate
6.9%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Alvarez Jose Luis Mejia -- None Listed On Document
Alvarez Manuel Enrique Meji -- None Listed On Document
Alvarez Manuel Enrique Mejia -- Wfg National Title Company
Alvarez Manuel E Mejia $680,000 Old Republic Title Company
Alarcon Efrain O $535,000 Old Republic Title Company
Ray Michael $450,000 Chicago Title Company
Hda Mortgage Fund Llc $175,000 Chicago Title
Orozco Octavio -- Fidelity National Title Co
Orozco Octavio $300,000 Fidelity National Title Co
Salgado Saul -- Investors Title Company
Salgado Saul -- First Southwestern Title
Salgado Saul -- --
Salgado Saul $305,000 Stewart Title Of Ca Inc
Ortiz Investments Inc -- Stewart Title
Sharma Developments Inc $175,000 Stewart Title
Ortiz Evaristo $133,000 Fidelity National Title
Citimortgage Inc $267,267 First American Title Co
Romero Jesus $250,000 Lawyers Title Company
Jimenez Azucena $170,000 Fidelity National Title Ins
Jalisco Building Material Inc -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alvarez Manuel Enrique Mejia $664,427
Previous Owner Alvarez Manuel E Mejia $667,683
Previous Owner Alarcon Efrain O $525,309
Previous Owner Ray Michael $441,849
Previous Owner Orozco Octavio $315,000
Previous Owner Salgado Saul $448,000
Previous Owner Salgado Saul $330,000
Previous Owner Salgado Saul $300,287
Previous Owner Sharma Developments Inc $175,000
Previous Owner Ortiz Evaristo $106,400
Previous Owner Romero Jesus $247,956
Previous Owner Jimenez Azucena $168,610
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2017 07/18/17 Sold $680,000 -5.6% $263 / Sq Ft
03/22/2017 03/22/17 Pending -- -- --
03/21/2017 03/21/17 For Sale $720,000 +60.0% $278 / Sq Ft
07/22/2014 07/22/14 Sold $450,000 +0.2% $174 / Sq Ft
06/26/2014 06/26/14 Pending -- -- --
04/15/2014 04/15/14 For Sale $449,000 -- $174 / 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 $10,502 $752,964 $418,115 $334,849
2024 $10,502 $790,130 $329,639 $460,491
2023 $10,307 $774,638 $323,176 $451,462
2022 $9,499 $729,095 $300,215 $428,880
2021 $9,375 $714,800 $294,329 $420,471
2019 $9,104 $693,600 $285,600 $408,000
2018 $9,005 $680,000 $280,000 $400,000
2016 $7,824 $588,845 $406,100 $182,745
2015 $7,707 $580,000 $400,000 $180,000
2014 -- $273,772 $136,886 $136,886
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jose Garcia

    AMC Realty

    Section Image

  • L

    Seller's Agent in 2014

    Leo Nordine

    Nordine Realtors, Inc.

    Section Image

  • N

    Buyer's Agent in 2014

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    3 in this area

    5,801 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW17059903

California Regional Multiple Listing Service (CRMLS)

APN: 6051-030-027

California Los Angeles County Los Angeles 90059 Green Meadows

623 E 108th St, Los Angeles, CA

This home is located at 623 E 108th St, Los Angeles, CA 90059 since 21 March 2017 and is currently estimated at $954,670, approximately $369 per square foot. This property was built in 1904. 623 E 108th St is a home located in Los Angeles County with nearby schools including One Hundred Ninth Street Elementary School, Samuel Gompers Middle School, and Alliance Jack H. Skirball Middle School.

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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