NOT LISTED FOR SALE

637 W 75th St Los Angeles, CA 90044

Vermont Knolls Neighborhood

Estimated Value: $920,000 - $1,430,000

8 Beds
4 Baths
3,888 Sq Ft
$292/Sq Ft Est. Value

Last Sold October 02, 2013

Last sale price $500,000 $129 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $6,560/month

95 Days on Market

About This Home

As of October 2013

$24K Price Reduction!!!

Turn-key quadruplex in South Los Angeles. Each spacious unit is 2 bedroom 1 bath equipped with laundry hookups. Upstairs units have balconies. Carport parking in rear. Many recent upgrades including newer roof, updated plumbing, and unit renovation e.g., some granite counters. All tenants are section 8 with monthly rent portion coming directly from HUD making rent collection more convenient.

Low price per square foot ($135/SF) and sub-10 x gross on existing rents.

Last Agent to Sell the Property

Daron Case

Re/Max Commercial & Investment License #01702754 Listed on: 06/10/2013

Re/Max Commercial & Investment

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,366

Year Built

  • Built in 1924

Lot Details

  • 7,013 Sq Ft Lot
  • No Common Walls

Home Design

  • 3,888 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection
  • Tax Lot 015
  • Tax Tract Number 23
  • Assessor Parcel Number 6020023015

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,600
  • Maintenance Expense $3,200
  • Water Sewer Expense $1,800
  • New Taxes Expense $6,863
  • Gross Income $4,357
  • Net Operating Income $34,544

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,366

Year Built

Built in 1924

Lot Details

0

Listing Details

  • CapRate: 6.58
  • Other Phone Description: Call Cell Phone
  • Other Phone Number: 310-770-4936
  • Price Per Unit: 131250
  • Property Attached: No
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 1800.00
  • Property Type: Residential Income
  • Parcel Number: 6020023015
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 128.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 7013.00
  • Lot Size Acres: 0.1610

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 4357.00
  • Gross Multiplier: 9.98
  • Gross Scheduled Income: 52584.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 7013.0000 Square Feet
  • Maintenance Expense: 3200.00
  • Maintenance Percent: 6.09
  • Net Operating Income: 34544.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 16463.00
  • Rent Control: Yes
  • Vacancy Allowance: 1578
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 6863.00
  • Tax Lot: 015
  • Tax Tract Number: 023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2020
Sold by
Mittal Monica Lilian
Bought by
La Venta Eio Lp
Current Estimated Value
$1,055,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,900
Outstanding Balance
$319,990
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$813,832

Purchase Details

Closed on
Oct 21, 2015
Sold by
La Venta Eio Lp
Bought by
Mittal Monica Lillian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,000
Interest Rate
3.86%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 3, 2015
Sold by
Mittal Monica L
Bought by
Mittal Monica Lillian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,000
Interest Rate
3.86%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 10, 2013
Closed on
Sep 24, 2013
Sold by
Little Soaring Eagle Partners Llc
Bought by
Mittal Monica L
Seller's Agent
Daron Case
Re/Max Commercial & Investment
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$549,000
Sold Price
$500,000
Premium/Discount to List
-$49,000
-8.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.14%
Original Mortgage
$22,000,000
Interest Rate
4.46%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jan 8, 2010
Sold by
Little Soaring Eagle Partners Llc
Bought by
Little Soaring Eagle Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,500
Interest Rate
3.85%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 20, 2009
Sold by
Corona Stephen
Bought by
Little Soaring Eagle Partners Llc

Purchase Details

Closed on
Jun 29, 2009
Sold by
Gmac Mortgage Llc
Bought by
Corona Stephen

Purchase Details

Closed on
Sep 17, 2008
Sold by
Salako Oyekunle
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corp

Purchase Details

Closed on
Aug 15, 2006
Sold by
Onyia Ernest A
Bought by
Salako Oyekunle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
6.7%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 4, 2006
Sold by
Salako Margo
Bought by
Salako Oyekunle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
6.7%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 25, 2004
Sold by
Emjac Llc
Bought by
Onyia Ernest A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2003
Sold by
Baccus Carl Christopher
Bought by
Emjac Llc

Purchase Details

Closed on
Dec 6, 2002
Sold by
Acs Development Corp
Bought by
Baccus Carl Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,250
Interest Rate
5.93%

Purchase Details

Closed on
Nov 22, 2002
Sold by
Fairbanks Capital Corp
Bought by
Acs Development Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,250
Interest Rate
5.93%

Purchase Details

Closed on
May 29, 2002
Sold by
Johnson Eva
Bought by
Olympus Servicing and Calmco Servicing Lp

Purchase Details

Closed on
Aug 29, 2001
Sold by
Johnson Eva
Bought by
North Star Foundation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
9.25%

Purchase Details

Closed on
Jul 10, 2001
Sold by
Curry Temple Community Development Corp
Bought by
Johnson Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
9.25%

Purchase Details

Closed on
Mar 24, 2000
Sold by
Hud
Bought by
Curry Temple Community Development Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.24%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 29, 1999
Sold by
Norwest Mtg Inc
Bought by
Hud

Purchase Details

Closed on
Apr 9, 1999
Sold by
Molina Mario and Molina Corina
Bought by
Norwest Mtg Inc

Purchase Details

Closed on
Dec 16, 1998
Sold by
Molina Corina
Bought by
Molina Mario

Purchase Details

Closed on
Oct 18, 1997
Sold by
Molina Mario
Bought by
Molina Corina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.49%

Purchase Details

Closed on
Jun 10, 1995
Sold by
Conchas Eliceo
Bought by
Molina Corina
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
La Venta Eio Lp -- Chicago Title Company
Mittal Monica Lillian -- Western Resources Title
Mittal Monica Lillian -- Western Resources Title
La Venta Eio Lp -- None Available
Mittal Monica L $500,005 Old Republic Title Co La
Little Soaring Eagle Partners Llc -- Chicago Title Company
Little Soaring Eagle Partners Llc $255,000 Fidelity National Title Co
Corona Stephen -- First American Title Ins Co
Gmac Mortgage Llc $525,163 None Available
Salako Oyekunle $630,000 United Independent Title
Salako Oyekunle -- United Independent Title
Onyia Ernest A $400,000 United Title Company-La
Emjac Llc -- --
Baccus Carl Christopher $335,000 First American Title Co
Acs Development Corp $229,000 First American Title Co
Fairbanks Capital Corp -- First American Title Co
Olympus Servicing $213,634 Fidelity National Title
North Star Foundation -- --
Johnson Eva $260,000 South Coast Title
Curry Temple Community Development Corp $205,500 Provident Title
Hud -- First American Title Ins Co
Norwest Mtg Inc $220,046 First American Title Ins Co
Molina Mario -- --
Molina Corina -- Gateway Title Company
Molina Corina -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open La Venta Eio Lp $363,900
Previous Owner Mittal Monica Lillian $359,000
Previous Owner Mittal Monica Lillian $359,000
Previous Owner Mittal Monica L $22,000,000
Previous Owner Little Soaring Eagle Partners Llc $217,500
Previous Owner Little Soaring Eagle Partners Llc $206,500
Previous Owner Salako Oyekunle $94,500
Previous Owner Salako Oyekunle $472,500
Previous Owner Onyia Ernest A $567,000
Previous Owner Onyia Ernest A $454,000
Previous Owner Onyia Ernest A $320,000
Previous Owner Baccus Carl Christopher $318,250
Previous Owner Acs Development Corp $210,000
Previous Owner Osborne James $30,000
Previous Owner Johnson Eva $195,000
Previous Owner Curry Temple Community Development Corp $200,000
Previous Owner Molina Corina $50,000
Closed Johnson Eva $65,000
Closed Acs Development Corp $52,600
Closed Onyia Ernest A $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2013 10/02/13 Sold $500,000 -8.9% $129 / Sq Ft
09/13/2013 09/13/13 Pending -- -- --
06/10/2013 06/10/13 For Sale $549,000 -- $141 / 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 $9,366 $743,674 $601,503 $142,171
2024 $9,366 $729,093 $589,709 $139,384
2023 $9,196 $714,798 $578,147 $136,651
2022 $8,787 $700,783 $566,811 $133,972
2021 $8,661 $687,044 $555,698 $131,346
2020 $7,308 $560,442 $448,355 $112,087
2019 $7,034 $549,454 $439,564 $109,890
2018 $6,899 $538,682 $430,946 $107,736
2016 $6,569 $517,766 $414,213 $103,553
2015 $6,478 $509,990 $407,992 $101,998
2014 $6,525 $500,000 $400,000 $100,000
Source: Public Records

Agents Affiliated with this Home

  • Daron Case

    Seller's Agent in 2013

    Daron Case

    RE/MAX

    (310) 802-2500

    2 Total Sales

    Section Image

  • N

    Buyer's Agent in 2013

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    2 in this area

    5,777 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13109634

California Regional Multiple Listing Service (CRMLS)

APN: 6020-023-015

California Los Angeles County Los Angeles 90044 Vermont Knolls

637 W 75th St, Los Angeles, CA

This home is located at 637 W 75th St, Los Angeles, CA 90044 since 10 June 2013 and is currently estimated at $1,133,822, approximately $291 per square foot. This property was built in 1924. 637 W 75th St is a home located in Los Angeles County with nearby schools including Mary McLeod Bethune Middle School, Academy For Multiligual Arts And Science At Mervyn M. Dymally High, and St. Raphael Elementary 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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