NOT LISTED FOR SALE

750 E 79th St Los Angeles, CA 90001

Florence Neighborhood

Estimated Value: $691,000 - $768,000

4 Beds
4 Baths
2,080 Sq Ft
$347/Sq Ft Est. Value

Last Sold June 28, 2016

Last sale price $400,000 $192 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $4,330/month

12 Days on Market

Highlights

  • Private Yard
  • Living Room
  • Wall Furnace
  • No HOA
  • Laundry Room
  • 1-Story Property

About This Home

As of June 2016

Exceptional value-add opportunity. Property has deferred maintenance and presents a rare opportunity for new owner to renovate and raise rents. 7.0+ CAP rate on proforma rents. Entire lot is gated with rear access to alley. Four individual covered garage spaces. Interior of units are in decent condition. Current tenant has lived in property for several years and makes timely rental payments. Property is a few hundred yards away from McKinley Avenue Elementary School. Property will not qualify for FHA financing and is subject to rent control. Opportunities like this are hard to find in today's market. Property is priced aggressively. Agents, see private remarks for showing instructions.

Last Agent to Sell the Property

John Chelius

Property Works RE, Inc. License #01936287 Listed on: 05/20/2016

Last Buyer's Agent

Robert Rush

U.S. Realty Group Inc. License #01162910

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,000

Year Built

  • Built in 1949

Lot Details

  • 5,202 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Private Yard
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 2,080 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Laminate Flooring
  • Window Bars
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 984
  • Tax Tract Number 6097
  • Assessor Parcel Number 6029002003

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,000

Year Built

Built in 1949

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Security: Window Bars
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 6029002003
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Ground Level No Steps
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 192.31
  • Room Type: Living Room, Main Floor Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Individual Room
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Yard
  • Lot Size Sq Ft: 5202.00
  • Price Per Lot Square Foot: 76.89

Multi Family

  • Average1 Bed Area: 520
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Rent Control: Yes

Tax Info

  • Tax Lot: 984
  • Tax Tract Number: 6097

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2016
Closed on
Jun 23, 2016
Sold by
Fink Erica
Bought by
Fink Jerome A
Seller's Agent
John Chelius
Property Works RE, Inc.
Buyer's Agent
Robert Rush
U.S. Realty Group Inc.
List Price
$350,000
Sold Price
$400,000
Premium/Discount to List
$50,000
14.29%
Current Estimated Value
$722,422

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,422
Avg. Annual Appreciation
6.57%

Purchase Details

Listed on
May 20, 2016
Closed on
Jun 3, 2016
Sold by
Shelton Rose M
Bought by
Rush Robert L and Fink Jerome A
Seller's Agent
John Chelius
Property Works RE, Inc.
Buyer's Agent
Robert Rush
U.S. Realty Group Inc.
List Price
$350,000
Sold Price
$400,000
Premium/Discount to List
$50,000
14.29%

Purchase Details

Closed on
Jan 17, 2014
Sold by
Masino Kathryne
Bought by
Shelton Rose M and 2014 Kathryne A Masino Protector Trust

Purchase Details

Closed on
Jan 12, 2009
Sold by
Masino Kathryne
Bought by
Shelton Rose M and Kathryne A Masino Declaration Of Trust
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
Fink Jerome A -- Ticor Title Company Of Ca
Rush Robert L $400,000 Ticor Title Company Of Ca
Shelton Rose M -- None Available
Masino Kathryne -- None Available
Shelton Rose M -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2016 06/28/16 Sold $400,000 +14.3% $192 / Sq Ft
06/01/2016 06/01/16 Pending -- -- --
05/20/2016 05/20/16 For Sale $350,000 -- $168 / 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 $6,000 $473,513 $355,136 $118,377
2024 $6,000 $464,229 $348,173 $116,056
2023 $5,889 $455,128 $341,347 $113,781
2022 $5,624 $446,204 $334,654 $111,550
2021 $5,549 $437,456 $328,093 $109,363
2020 $5,601 $432,971 $324,729 $108,242
2019 $5,389 $424,482 $318,362 $106,120
2018 $5,292 $416,160 $312,120 $104,040
2016 $854 $48,202 $12,197 $36,005
2015 $846 $47,479 $12,014 $35,465
2014 $876 $46,550 $11,779 $34,771
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    John Chelius

    Property Works RE, Inc.

    (310) 722-0360

    6 Total Sales

    John Chelius
    Section Image

  • R

    Buyer's Agent in 2016

    Robert Rush

    U.S. Realty Group Inc.

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16108352

California Regional Multiple Listing Service (CRMLS)

APN: 6029-002-003

California Los Angeles County Los Angeles 90001 Florence

750 E 79th St, Los Angeles, CA

This home is located at 750 E 79th St, Los Angeles, CA 90001 since 20 May 2016 and is currently estimated at $722,422, approximately $347 per square foot. This property was built in 1949. 750 E 79th 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.

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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