NOT LISTED FOR SALE

624 E 80th St Los Angeles, CA 90001

Florence Neighborhood

Estimated Value: $777,000 - $912,000

8 Beds
4 Baths
2,959 Sq Ft
$293/Sq Ft Est. Value

Last Sold February 14, 2017

Last sale price $537,500 $182 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $5,444/month

20 Days on Market

About This Home

As of February 2017

Exceptional Mediterranean 4-plex with tons of upgrades.All 2 bedrooms and 1 baths with lots of parking for the fussy tenant.All rented section 8 units with great potential.No vacancies.Wonderful bread and butter units for investment.Front house one level with upstairs/downstairs triplex in the rear(units #626(1-3),front unit 624.Renovations in the 80's and early 2000's since original built date.

Last Agent to Sell the Property

Rena V Nash

Rena V. Nash Brokerage License #00989484 Listed on: 01/12/2017

Last Buyer's Agent

Kyle Young

3L Properties, Inc. License #01902695

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,842

Year Built

  • Built in 1926

Lot Details

  • 5,740 Sq Ft Lot

Home Design

  • 2,959 Sq Ft Home
  • Mediterranean Architecture

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Utilities

  • Central Heating
  • Central Water Heater
  • Sewer in Street

Community Details

  • 4 Buildings
  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, interior maint, trash collection
  • Assessor Parcel Number 6029-008-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,842

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Mediterranean
  • Street Number Display: Yes
  • Living Area: 2959
  • Year Built: 1926
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 168.97

Exterior Features

  • Tennis Court Y/N: No
  • Paved: Yes
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 8
  • Parking Garage: Parking Space
  • Total Parking: 8

Utilities

  • Water Heater: Central Water Heater
  • Heating: Central
  • Sewer: In Street

Lot Info

  • Assessed Improvement Value: 38909
  • Assessed Land Value: 13643
  • Assessor Parcel Number: 6029-008-027
  • Geocode Override: No
  • Lot Size Area: 5740

Rental Info

  • Total Actual Rent: 50340.00
  • Land Lease Type: Fee
  • Tenant Pays: Electricity, Interior Maint, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 0.60
  • Number Of Units: 4
  • Total Annual Expense: 9600
  • Type Of Units: Income
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2017
Closed on
Feb 2, 2017
Sold by
Boswell Camille B
Bought by
Swami Growth 2 Llc
Seller's Agent
Rena V Nash
Rena V. Nash Brokerage
Buyer's Agent
Kyle Young
3L Properties, Inc.
List Price
$599,990
Sold Price
$537,500
Premium/Discount to List
-$62,490
-10.42%
Current Estimated Value
$867,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,678
Avg. Annual Appreciation
5.25%
Original Mortgage
$6,700,000
Outstanding Balance
$5,672,570
Interest Rate
4.16%
Mortgage Type
Commercial
Estimated Equity
-$4,845,531

Purchase Details

Closed on
May 17, 2002
Sold by
Boswell Frank and Boswell Camille B
Bought by
Boswell Camille B
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Swami Growth 2 Llc $537,500 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swami Growth 2 Llc $420,000
Closed Swami Growth 2 Llc $485,100
Open Swami Growth 2 Llc $6,700,000
Previous Owner Boswell Camille B $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2017 02/14/17 Sold $537,500 +7.5% $182 / Sq Ft
02/01/2017 02/01/17 Pending -- -- --
01/16/2017 01/16/17 Price Changed $499,990 -16.7% $169 / Sq Ft
01/12/2017 01/12/17 For Sale $599,990 -- $203 / Sq Ft
Source: The MLS

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
2024 $7,842 $611,009 $398,237 $212,772
2023 $7,696 $599,029 $390,429 $208,600
2022 $7,349 $587,284 $382,774 $204,510
2021 $7,248 $575,769 $375,269 $200,500
2020 $7,316 $569,867 $371,422 $198,445
2019 $7,038 $558,694 $364,140 $194,554
2018 $6,930 $547,740 $357,000 $190,740
2016 $958 $52,552 $13,643 $38,909
2015 $948 $51,764 $13,439 $38,325
2014 $980 $50,751 $13,176 $37,575
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Rena V Nash

    Rena V. Nash Brokerage

  • K

    Buyer's Agent in 2017

    Kyle Young

    3L Properties, Inc.

See All Agents

Map

Source: The MLS

MLS Number: 17-193246

The MLS

APN: 6029-008-027

California Los Angeles County Los Angeles 90001 Florence

624 E 80th St, Los Angeles, CA

This home is located at 624 E 80th St, Los Angeles, CA 90001 since 12 January 2017 and is currently estimated at $867,178, approximately $293 per square foot. This property was built in 1926. 624 E 80th St is a home located in Los Angeles County with nearby schools including McKinley Avenue Elementary School, Charles Drew Middle School, and Academy For Multiligual Arts And Science At Mervyn M. Dymally High.

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