NOT LISTED FOR SALE

628 E 75th St Los Angeles, CA 90001

Florence Neighborhood

Estimated Value: $972,000 - $1,123,000

7 Beds
5 Baths
3,700 Sq Ft
$282/Sq Ft Est. Value

Last Sold May 01, 2013

Last sale price $425,000 $115 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $6,239/month

19 Days on Market

Highlights

  • Built in 1924 | Newly Remodeled
  • Granite Countertops
  • Living Room
  • Wood Flooring
  • No HOA
  • Laundry Room

About This Home

As of May 2013

***Standard Sale - FHA/VA Ready*** MUST SEE - Huge Duplex! Very HIGH Income! Completely remodeled in nice area of Florence - 3700 Sq. Ft. with 7 beds, 5 baths - all permitted. All new paint inside and out. Both units are gigantic and have granite countertops in kitchen with washer/dryer hookups. New flooring. Beautiful dark wood laminate throughout living areas with tile in kitchen and bathrooms. New quality carpet throughout bedrooms. Large lot with plenty of parking and all new landscaping in front.

Last Agent to Sell the Property

Bret Lewis

Bret Lewis, Broker License #01872524 Listed on: 02/21/2013

Last Buyer's Agent

IVAN ANTHONY SOLIS

CENTRAL FINANCIAL AND REALTY License #01128055

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924 | Newly Remodeled

Lot Details

  • 5,738 Sq Ft Lot
  • No Common Walls
  • Landscaped

Home Design

  • Turnkey
  • Stucco

Interior Spaces

  • 3,700 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Security Lights
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Additional Features

  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 6023016011

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $3,900
  • Net Operating Income $46,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1924 | Newly Remodeled

Lot Details

0

Listing Details

  • CapRate: 10.00
  • Property Attached: No
  • Security: Security Lights
  • New Construction: Yes
  • Property Condition: Updated/Remodeled, Turnkey
  • Property Type: Residential Income
  • Parcel Number: 6023016011
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Levels: One
  • Price Per Square Foot: 114.86
  • Room Type: Family Room, Living Room, Master Bedroom

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 5738.00
  • Lot Size Acres: 0.1320

Multi Family

  • Gross Income: 3900.00
  • Gross Multiplier: 8.00
  • Gross Operating Income: 46800.00
  • Gross Scheduled Income: 46800.00
  • Gross Spendable Income: 46800.00
  • Lot Size Area: 5738.0000 Square Feet
  • Net Operating Income: 46800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2019
Sold by
Hernandez Hernandez Angelica Maria Angelica Maria and Hernandez Cuevas Jose Angel
Bought by
Hernandez Garcia Angel and Hernandez Maria Dolores
Current Estimated Value
$1,044,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2014
Sold by
Salgado Elmer O
Bought by
Hernandez Cuevas Jose Angel and Cuevas Angelica Hernandez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,413
Interest Rate
4.09%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 19, 2013
Sold by
Salgado Elmer O
Bought by
Salgado Elmer O and Vasquez Juan Alfredo Ramirez

Purchase Details

Listed on
Feb 21, 2013
Closed on
Mar 12, 2013
Sold by
Eel Holdings Llc
Bought by
Salgado Elmer O
Seller's Agent
Bret Lewis
Bret Lewis, Broker
Buyer's Agent
IVAN ANTHONY SOLIS
CENTRAL FINANCIAL AND REALTY
List Price
$399,000
Sold Price
$425,000
Premium/Discount to List
$26,000
6.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.34%
Original Mortgage
$417,302
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 25, 2012
Sold by
Garcia Gabriel
Bought by
Eel Holdings Llc

Purchase Details

Closed on
Nov 2, 2006
Sold by
Garcia Gabriel
Bought by
Garcia Gabriel

Purchase Details

Closed on
Jan 17, 2006
Sold by
Arita Giovanni
Bought by
Garcia Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,600
Interest Rate
6.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 7, 2004
Sold by
The Estate Of Curtis Mckinney Jr
Bought by
Arita Giovanni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,640
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
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

Date Buyer Sale Price Title Company
Hernandez Garcia Angel -- Fidelity National Title Co
Hernandez Cuevas Jose Angel $467,000 Lawyers Title
Salgado Elmer O -- None Available
Salgado Elmer O $425,000 Ticor Title Company
Salgado Elmer O -- Ticor Title Company
Eel Holdings Llc $291,000 None Available
Garcia Gabriel -- Accommodation
Garcia Gabriel $663,000 First American Title Co
Garcia Gabriel -- First American Title Co
Arita Giovanni $242,045 North American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Garcia Angel $489,000
Previous Owner Hernandez Cuevas Jose Angel $451,413
Previous Owner Salgado Elmer O $417,302
Previous Owner Garcia Gabriel $132,600
Previous Owner Garcia Gabriel $464,100
Previous Owner Arita Giovanni $193,640
Closed Arita Giovanni $48,410
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2013 05/01/13 Sold $425,000 +6.5% $115 / Sq Ft
03/12/2013 03/12/13 Pending -- -- --
02/21/2013 02/21/13 For Sale $399,000 -- $108 / 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 $9,339 $727,221 $375,117 $352,104
2024 $9,339 $739,560 $400,932 $338,628
2023 $8,797 $694,548 $348,691 $345,857
2022 $8,394 $680,930 $341,854 $339,076
2021 $8,275 $667,579 $335,151 $332,428
2019 $6,333 $503,139 $215,478 $287,661
2018 $6,251 $493,274 $211,253 $282,021
2016 $5,943 $474,121 $203,050 $271,071
2015 $5,859 $467,000 $200,000 $267,000
2014 $5,864 $455,964 $200,454 $255,510
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2013

    Bret Lewis

    Bret Lewis, Broker

    (480) 225-6616

    61 Total Sales

    Bret Lewis
    Section Image

  • I

    Buyer's Agent in 2013

    IVAN ANTHONY SOLIS

    CENTRAL FINANCIAL AND REALTY

    (323) 725-0411

    98 Total Sales

    IVAN ANTHONY SOLIS
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13028049

California Regional Multiple Listing Service (CRMLS)

APN: 6023-016-011

California Los Angeles County Los Angeles 90001 Florence

628 E 75th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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