NOT LISTED FOR SALE

724 W 80th St Los Angeles, CA 90044

Vermont Knolls Neighborhood

Estimated Value: $882,000 - $1,090,000

7 Beds
4 Baths
2,642 Sq Ft
$367/Sq Ft Est. Value

Last Sold September 13, 2016

Last sale price $555,000 $210 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $5,769/month

9 Days on Market

Highlights

  • No HOA
  • 3 Car Garage
  • Carpet

About This Home

As of September 2016

Back on the market. Great opportunity to own a very nice piece of income property. This 4-plex is on a large lot and there have been many upgrades. 3 units are 2 bedroom and 1 bathroom, the 4th unit is 1 bedroom and 1 bathroom. Three private garages are in the rear, one is being used by the owner. Two units have wood style laminate flooring and 2 have carpet. Buyer to do their own due diligence with regards to living space sqft, and lot size. Owner is Listing agent.

Last Agent to Sell the Property

Wanda Castle

First Team Real Estate - Cerritos License #01404675 Listed on: 08/25/2016

Last Buyer's Agent

Mark Mittal

MONTEZUMA EQUITIES License #01255116

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,185

Year Built

  • Built in 1953

Lot Details

  • 9,756 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 2,642 Sq Ft Home
  • Property Attached

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 129
  • Tax Tract Number 10132
  • Assessor Parcel Number 6032026010

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $10
  • Insurance Expense $79
  • Maintenance Expense $325
  • Trash Expense $40
  • Water Sewer Expense $200
  • New Taxes Expense $609
  • Gross Income $4,105
  • Net Operating Income $3,785

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,185

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 200.00
  • Property Type: Residential Income
  • Gardener Expense: 10.00
  • Parcel Number: 6032026010
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Carpet
  • Levels: One
  • Price Per Square Foot: 210.07

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 40.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 9756.00
  • Price Per Lot Square Foot: 59.96

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 4105.00
  • Gross Scheduled Income: 4105.00
  • Insurance Expense: 79.00
  • Maintenance Expense: 325.00
  • Net Operating Income: 3785.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 325.00
  • Rent Control: Yes
  • Total Actual Rent: 4105.00

Tax Info

  • New Taxes Expense: 609.00
  • Tax Lot: 129
  • Tax Tract Number: 10132

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2017
Sold by
Monark Lp
Bought by
Monark Lp
Current Estimated Value
$969,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,500
Outstanding Balance
$191,720
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$778,255

Purchase Details

Listed on
Aug 25, 2016
Closed on
Aug 12, 2016
Sold by
Castle Wanda Marie and Arcturus Trust
Bought by
Monark Lp
Seller's Agent
Wanda Castle
First Team Real Estate - Cerritos
Buyer's Agent
Mark Mittal
MONTEZUMA EQUITIES
List Price
$585,000
Sold Price
$555,000
Premium/Discount to List
-$30,000
-5.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.31%

Purchase Details

Closed on
Jun 26, 2013
Sold by
Castle Wanda M
Bought by
Castle Wanda Marie and Arcturus Trust

Purchase Details

Closed on
Aug 30, 2004
Sold by
Stapler Frances Y and Frances Y Stagler Trust
Bought by
Castle Wanda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 18, 2003
Sold by
Stapler Frances Y
Bought by
Stapler Frances Y and Frances Y Stapler Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2003
Sold by
Stapler Frances Y and Frances Y Stapler Trust
Bought by
Stapler Frances Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2000
Sold by
Stapler Donald M and Stapler Frances Y
Bought by
Stapler Donald M
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
Monark Lp -- Wfg National Title Company
Monark Lp $555,000 Fidelity National Title Co
Castle Wanda Marie -- None Available
Castle Wanda M $380,000 Gateway Title Company
Stapler Frances Y -- Multiple
Stapler Frances Y -- Gateway Title Company
Stapler Donald M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monark Lp $388,500
Previous Owner Castle Wanda M $342,000
Previous Owner Stapler Frances Y $187,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2016 09/13/16 Sold $555,000 -5.1% $210 / Sq Ft
08/25/2016 08/25/16 For Sale $585,000 0.0% $221 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
07/27/2016 07/27/16 For Sale $585,000 -- $221 / 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 $8,185 $644,121 $464,232 $179,889
2024 $8,185 $631,492 $455,130 $176,362
2023 $8,039 $619,110 $446,206 $172,904
2022 $7,685 $606,971 $437,457 $169,514
2021 $7,581 $595,071 $428,880 $166,191
2019 $7,366 $577,422 $416,160 $161,262
2018 $7,193 $566,100 $408,000 $158,100
2016 $5,715 $447,439 $330,872 $116,567
2015 $4,912 $380,000 $281,000 $99,000
2014 $4,579 $341,543 $252,541 $89,002
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2016

    Wanda Castle

    First Team Real Estate - Cerritos

  • M

    Buyer's Agent in 2016

    Mark Mittal

    MONTEZUMA EQUITIES

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS16165672

California Regional Multiple Listing Service (CRMLS)

APN: 6032-026-010

California Los Angeles County Los Angeles 90044 Vermont Knolls

724 W 80th St, Los Angeles, CA

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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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