NOT LISTED FOR SALE

656 E 78th St Los Angeles, CA 90001

Florence Neighborhood

Estimated Value: $713,000 - $1,010,149

6 Beds
4 Baths
2,919 Sq Ft
$304/Sq Ft Est. Value

Last Sold November 21, 2023

Last sale price $650,000 $223 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $5,735/month

Highlights

  • Corner Lot
  • Laundry Room
  • 1-Story Property
  • No HOA

About This Home

As of November 2023

Excellent opportunity in desirable area, this duplex features a fairly new construction 4 bed 3 bath two level home with a spacious floor plan. There is also a separate detached 2 car garage and still plenty of space to entertain. This is the perfect home to live in one and collect max rent for the other.
Come see this opportunity today!

Last Agent to Sell the Property

Rene Cobian

Colonial Real Estate License #01717535 Listed on: 10/02/2023

Last Buyer's Agent

Rene Cobian

Colonial Real Estate License #01717535 Listed on: 10/02/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,698

Year Built

  • Built in 1929

Lot Details

  • 6,897 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,919 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 889
  • Tax Tract Number 6
  • Assessor Parcel Number 6023032029
  • $493 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,400
  • Trash Expense $55
  • Water Sewer Expense $150
  • Operating Expense $1,605
  • Gross Income $81,540
  • Net Operating Income $2,995

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,698

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 325000
  • Property Attached: No
  • Water Sewer Expenses: 150.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 6023032029
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Front Yard
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One, Two
  • Price Per Square Foot: 222.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 55.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 6897.00
  • Lot Size Acres: 0.1583

Multi Family

  • Gross Income: 81540.00
  • Gross Scheduled Income: 6795.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 6897.0000 Square Feet
  • Net Operating Income: 2995.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 3800.00
  • Rent Control: Yes
  • Total Expenses: 1605.00

Tax Info

  • Tax Census Tract: 2395.02
  • Tax Lot: 889
  • Tax Tract Number: 6
  • TaxOtherAnnualAssessmentAmount: 493.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2023
Closed on
Nov 7, 2023
Sold by
Rangel Alberto
Bought by
Garay Brian S and Martinez Jose Andrade
Seller's Agent
Rene Cobian
Colonial Real Estate
Buyer's Agent
Rene Cobian
Colonial Real Estate
List Price
$650,000
Sold Price
$650,000
Views
3
Current Estimated Value
$888,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,787
Avg. Annual Appreciation
19.70%
Original Mortgage
$300,000
Outstanding Balance
$295,530
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$593,257

Purchase Details

Closed on
Dec 17, 2007
Sold by
Rangel Maria
Bought by
Rangel Alberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Garay Brian S $650,000 Pacific Coast Title Company
Rangel Alberto -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garay Brian S $300,000
Open Garay Brian S $638,226
Previous Owner Rangel Alberto $410,000
Previous Owner Rangel Alberto $356,000
Previous Owner Rangel Alberto $306,000
Previous Owner Rangel Alberto $110,007
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2023 11/21/23 Sold $650,000 0.0% $223 / Sq Ft
10/02/2023 10/02/23 Pending -- -- --
10/02/2023 10/02/23 For Sale $650,000 -- $223 / 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 $10,698 $867,000 $561,000 $306,000
2024 $10,698 $850,000 $550,000 $300,000
2023 $4,897 $373,591 $128,350 $245,241
2022 $4,680 $366,267 $125,834 $240,433
2021 $4,608 $359,086 $123,367 $235,719
2020 $4,647 $355,405 $122,103 $233,302
2019 $4,476 $348,437 $119,709 $228,728
2018 $4,334 $341,606 $117,362 $224,244
2016 $4,114 $328,343 $112,805 $215,538
2015 $4,056 $323,412 $111,111 $212,301
2014 $4,080 $317,078 $108,935 $208,143
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Rene Cobian

    Colonial Real Estate

    (562) 824-0135

    1 in this area

    18 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23183374

California Regional Multiple Listing Service (CRMLS)

APN: 6023-032-029

California Los Angeles County Los Angeles 90001 Florence

656 E 78th St, Los Angeles, CA

This home is located at 656 E 78th St, Los Angeles, CA 90001 since 02 October 2023 and is currently estimated at $888,787, approximately $304 per square foot. This property was built in 1929. 656 E 78th 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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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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