NOT LISTED FOR SALE

724 E 75th St Los Angeles, CA 90001

Florence Neighborhood

Estimated Value: $689,000 - $713,000

4 Beds
2 Baths
1,481 Sq Ft
$471/Sq Ft Est. Value

Last Sold September 03, 2019

Last sale price $485,000 $327 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,198/month

16 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • Double Door Entry
  • Fireplace in Primary Bedroom
  • Granite Countertops
  • Double Pane Windows

About This Home

As of September 2019

CHARMING DUPLEX consisting of 2 separate buildings, perfect to live in one & rent out the other. Both units are shown on title as 2BEDS, 1BATH, have hardwood floor throughout with tile in kitchen & bathroom, granite counter top, dual pane windows, crown molding and their own separate meters. The backyard is gated for privacy with a long driveway that fits up to six cars. The spacious yard is great for gatherings as the cemented part of the yard has coverage for shade. Is in need of some work but holds lots of potential for a new owner!

Last Agent to Sell the Property

Desteny Valladares

Realty One Group United License #02069999 Listed on: 06/23/2019

Last Buyer's Agent

Alberto Araujo

Corcoran Global Living License #02042545

Corcoran Global Living

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,100 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Rectangular Lot
  • Back and Front Yard

Home Design

  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 1,481 Sq Ft Home
  • Crown Molding
  • Ceiling Fan
  • Double Pane Windows
  • Double Door Entry
  • Living Room with Fireplace
  • Wood Flooring

Kitchen

  • Granite Countertops
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • All Bedrooms Down
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Fireplace in Patio
  • Rain Gutters

Additional Features

  • Accessible Parking
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 480
  • Tax Tract Number 6
  • Assessor Parcel Number 6023015007

Community Details

Overview

  • 2 Buildings
  • 2 Units

Recreation

  • Park

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6023015007
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Crown Molding, Granite Counters
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: Parking
  • Door Features: Double Door Entry
  • Fireplace Features: Kitchen, Living Room, Master Bedroom, Patio
  • Price Per Square Foot: 327.48
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Master Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Electric Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Rectangular Lot
  • Lot Size Sq Ft: 5100.00
  • Lot Size Acres: 0.1171

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 34800.00
  • Lot Size Area: 5100.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 2395.01
  • Tax Lot: 480
  • Tax Tract Number: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2019
Closed on
Aug 6, 2019
Sold by
Garcia Esela Nunez
Bought by
Martinez Luis Alberto Hernandez
Seller's Agent
Desteny Valladares
Realty One Group United
Buyer's Agent
Alberto Araujo
Corcoran Global Living
List Price
$430,000
Sold Price
$485,000
Premium/Discount to List
$55,000
12.79%
Current Estimated Value
$697,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,068
Avg. Annual Appreciation
5.91%
Original Mortgage
$460,750
Outstanding Balance
$404,358
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$292,710

Purchase Details

Listed on
Jun 23, 2019
Closed on
Jul 15, 2019
Sold by
Rojas Erik
Bought by
Martinez Luis Alberto Hernandez and Lopez Reynaldo Hernandez
Seller's Agent
Desteny Valladares
Realty One Group United
Buyer's Agent
Alberto Araujo
Corcoran Global Living
List Price
$430,000
Sold Price
$485,000
Premium/Discount to List
$55,000
12.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,750
Outstanding Balance
$404,358
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$292,710

Purchase Details

Closed on
Feb 21, 2017
Sold by
Rojas Richard
Bought by
Rojas Erik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,950
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 19, 2014
Sold by
Rojas Richard
Bought by
Rojas Richard and Rojas Erik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,800
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
May 20, 2010
Sold by
Urban Development Partners Vi Llc
Bought by
Rojas Richard A and Rojas Erik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,290
Interest Rate
5.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 13, 2010
Sold by
Urban Development Partners Llc
Bought by
Urban Development Partners Vi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Urban Development 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
$160,000
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 17, 2009
Sold by
Padilla Miguel
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Dec 18, 2006
Sold by
Washington Clarence
Bought by
Washington Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
6.22%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 15, 2006
Sold by
Padilla Maria
Bought by
Padilla Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
6.22%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 21, 2006
Sold by
Washington Barbara
Bought by
Padilla Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,000
Interest Rate
6.22%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Martinez Luis Alberto Hernandez -- North American Title
Lopez Reynaldo Hernandez -- North American Title
Martinez Luis Alberto Hernandez $485,000 North American Title
Rojas Erik -- Fidelity Sherman Oaks
Rojas Erik -- Fidelity Sherman Oaks
Rojas Richard -- Title 365 Company
Rojas Richard A $260,000 Fidelity Van Nuys
Urban Development Partners Vi Llc -- Fidelity Van Nuys
Urban Development Partners Llc $160,000 Lsi Title Agency
Federal Home Loan Mortgage Corporation $187,523 Fidelity Natl Title Ins Co
Washington Barbara -- Fidelity Van Nuys
Padilla Miguel -- Fidelity Van Nuys
Padilla Miguel $530,000 Fidelity Van Nuys
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Reynaldo Hernandez $460,750
Previous Owner Rojas Erik $345,950
Previous Owner Rojas Richard $247,800
Previous Owner Rojas Richard A $255,290
Previous Owner Urban Development Partners Vi Llc $160,000
Previous Owner Washington Barbara $113,000
Previous Owner Padilla Miguel $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2019 09/03/19 Sold $485,000 +12.8% $327 / Sq Ft
07/09/2019 07/09/19 Pending -- -- --
06/23/2019 06/23/19 For Sale $430,000 -- $290 / 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 $6,548 $530,416 $328,093 $202,323
2024 $6,548 $520,016 $321,660 $198,356
2023 $6,424 $509,820 $315,353 $194,467
2022 $6,129 $499,824 $309,170 $190,654
2021 $6,051 $490,024 $303,108 $186,916
2020 $6,595 $485,000 $300,000 $185,000
2019 $4,474 $356,418 $149,912 $206,506
2018 $4,392 $349,430 $146,973 $202,457
2016 $3,483 $283,501 $81,560 $201,941
2015 $3,432 $279,243 $80,335 $198,908
2014 $3,454 $273,774 $78,762 $195,012
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Desteny Valladares

    Realty One Group United

  • A

    Buyer's Agent in 2019

    Alberto Araujo

    Corcoran Global Living

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW19150024

California Regional Multiple Listing Service (CRMLS)

APN: 6023-015-007

California Los Angeles County Los Angeles 90001 Florence

724 E 75th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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