NOT LISTED FOR SALE

770 Laconia Blvd Los Angeles, CA 90044

Harbor Gateway Neighborhood

Estimated Value: $1,343,000 - $2,251,000

15 Beds
11 Baths
6,476 Sq Ft
$301/Sq Ft Est. Value

Last Sold September 21, 2016

Last sale price $1,210,000 $187 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $11,890/month

13 Days on Market

About This Home

As of September 2016

Excellent 4-unit property for investment!! It has 3 bedroom 2 bath SFR(1,728 sqft) built in 1926 and a triplex(4,748 sqft) with 4 bedroom 3bath each built in 2002. Triplex building is 2 story and has 3 bedroom upstairs and one on the main floor. It has plenty of parking and seats on 13215 sqft lot. Units are upgraded recently. It is close to 110 fwy and 405 fwy, close to all transportation and services. There is no rent control on the back 3 units because they were built in 2002. One front unit is under rent control. Currently front house is on Section 8 tenant. Tenant pays electricity, gas, water and trash. Do not miss this opportunity!! Drive by only. Please do not disturb the tenant.

Last Agent to Sell the Property

Jong Hanj Lee

Bow Tie Realty & Investment License #01876601 Listed on: 06/02/2016

Co-Listed By

Aekyung Lee

Onewest Properties License #01950900

Last Buyer's Agent

Aekyung Lee

Onewest Properties License #01950900

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,201

Year Built

  • Built in 2002

Lot Details

  • 0.3 Acre Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 6,476 Sq Ft Home

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 11 Bathrooms

Parking

  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Tax Lot 5
  • Tax Tract Number 14
  • Assessor Parcel Number 6117019005

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $540
  • Gardener Expense $600
  • Insurance Expense $2,000
  • New Taxes Expense $15,375
  • Gross Income $8,836
  • Net Operating Income $87,517

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,201

Year Built

Built in 2002

Lot Details

0

Listing Details

  • CapRate: 7.12
  • Other Phone Description: LA CELL
  • Other Phone Number: 310-381-9905
  • Property Attached: No
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6117019005
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 186.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 13215.00
  • Price Per Lot Square Foot: 93.08

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Electric Expense: 540.00
  • Gross Income: 8836.00
  • Gross Multiplier: 11.60
  • Gross Scheduled Income: 106032.00
  • Insurance Expense: 2000.00
  • Net Operating Income: 87517.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 18515.00
  • Operating Expense Percent: 17.46
  • Rent Control: No

Tax Info

  • New Taxes Expense: 15375.00
  • Tax Lot: 5
  • Tax Tract Number: 14/144

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2016
Closed on
Sep 6, 2016
Sold by
Koo Won Tae
Bought by
Lee Don Young and Don Young Lee 2008 Revocable Trust
Seller's Agent
Jong Hanj Lee
Bow Tie Realty & Investment
Buyer's Agent
Aekyung Lee
Onewest Properties
List Price
$1,230,000
Sold Price
$1,210,000
Premium/Discount to List
-$20,000
-1.63%
Current Estimated Value
$1,948,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$738,832
Avg. Annual Appreciation
5.41%

Purchase Details

Listed on
Jul 10, 2015
Closed on
Jul 21, 2015
Sold by
Bernath Shari
Bought by
Koo Won Tae
Seller's Agent
Juan Carlos Duarte
First Class Real Estate
Buyer's Agent
Jong Hanj Lee
Bow Tie Realty & Investment
List Price
$875,000
Sold Price
$870,000
Premium/Discount to List
-$5,000
-0.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.18%
Original Mortgage
$565,500
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2013
Sold by
Bernath Tom V
Bought by
Bernath Shari

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
3.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2010
Sold by
Bernath Tom V and Bernath Family Revocable Trust
Bought by
Bernath Shari
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lee Don Young $1,210,000 Chicago Title Company
Koo Won Tae $870,000 Usa National Title
Bernath Shari -- Western Resources Title Co
Bernath Shari -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Koo Won Tae $565,500
Previous Owner Bernath Shari $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/21/2016 09/21/16 Sold $1,210,000 +52508.7% $187 / Sq Ft
06/15/2016 06/15/16 Pending -- -- --
06/04/2016 06/04/16 Rented $2,300 0.0% --
06/02/2016 06/02/16 For Sale $1,230,000 0.0% $190 / Sq Ft
04/05/2016 04/05/16 For Rent $2,500 0.0% --
09/15/2015 09/15/15 Sold $870,000 -0.6% $134 / Sq Ft View Prior Sale
07/08/2015 07/08/15 Pending -- -- --
06/08/2015 06/08/15 For Sale $875,000 -- $135 / 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 $18,201 $1,404,303 $591,896 $812,407
2024 $18,201 $1,376,769 $580,291 $796,478
2023 $17,863 $1,349,774 $568,913 $780,861
2022 $17,077 $1,323,308 $557,758 $765,550
2021 $16,841 $1,297,362 $546,822 $750,540
2019 $16,360 $1,258,884 $530,604 $728,280
2018 $16,046 $1,234,200 $520,200 $714,000
2016 $11,534 $870,000 $370,000 $500,000
2015 $5,473 $362,440 $213,200 $149,240
2014 $5,505 $355,341 $209,024 $146,317
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jong Hanj Lee

    Bow Tie Realty & Investment

    (714) 367-1300

    2 Total Sales

    Jong Hanj Lee
    Section Image
  • Aekyung Lee

    Seller Co-Listing Agent in 2016

    Aekyung Lee

    Onewest Properties

    (213) 514-4413

    Aekyung Lee
    Section Image
  • Juan Carlos Duarte

    Seller's Agent in 2015

    Juan Carlos Duarte

    First Class Real Estate

    (323) 533-9938

    6 Total Sales

    Juan Carlos Duarte
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16118757

California Regional Multiple Listing Service (CRMLS)

APN: 6117-019-005

California Los Angeles County Los Angeles 90044 Harbor Gateway

770 Laconia Blvd, Los Angeles, CA

This home is located at 770 Laconia Blvd, Los Angeles, CA 90044 since 02 June 2016 and is currently estimated at $1,948,832, approximately $300 per square foot. This property was built in 2002. 770 Laconia Blvd is a home located in Los Angeles County with nearby schools including West Athens Elementary School, Barack Obama Charter Elementary School, and Animo Mae Jemison Charter Middle School.

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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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