NOT LISTED FOR SALE

860 W 73rd St Los Angeles, CA 90044

Vermont Knolls Neighborhood

Estimated Value: $866,389 - $880,000

5 Beds
4 Baths
2,275 Sq Ft
$384/Sq Ft Est. Value

Last Sold August 21, 2020

Last sale price $688,500 $303 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $5,416/month

124 Days on Market

Highlights

  • Laundry Room
  • Level Lot
  • 1-Story Property

About This Home

As of August 2020

+++HUGE PRICE IMPROVEMENT+++ Walk right into excellent cash flow, and a glorious GRM with this professionally managed property with EXCELLENT tenants. This nicely maintained duplex is a great for an owner user or can fit nicely with your current real estate investment portfolio. The rear three bedroom unit was newly completed in 2019. The parcel is spacious, gated and has on-site parking for approximately five cars. Don't hesitate on this fantastic opportunity. There is a non-conforming studio generating income as well. Buyer to satisfy themselves and verify all permits and legal uses. Thank you...DRIVE BY ONLY PLEASE.

Last Agent to Sell the Property

Gene Smith

RE/MAX TerraSol License #01965474 Listed on: 03/14/2020

RE/MAX TerraSol

Last Buyer's Agent

John Alden

Alden Pacific Investments, Inc. License #02114291

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,132

Year Built

  • Built in 1921

Lot Details

  • 5,600 Sq Ft Lot
  • No Common Walls
  • Level Lot

Interior Spaces

  • 2,275 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Available

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 20 / 2
  • Tax Tract Number 237710
  • Assessor Parcel Number 6020003001

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Trash Expense $600
  • New Taxes Expense $1,200
  • Operating Expense $16,000
  • Gross Income $58,800
  • Net Operating Income $42,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,132

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Attached: No
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 6020003001
  • Year Built: 1921
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 302.64

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 5600.00
  • Lot Size Acres: 0.1286

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 58800.00
  • Gross Operating Income: 58800.00
  • Gross Scheduled Income: 58800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 5600.0000 Square Feet
  • Net Operating Income: 42800.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 16000.00
  • Rent Control: Yes
  • Total Actual Rent: 4900.00
  • Total Expenses: 16000.00

Tax Info

  • New Taxes Expense: 1200.00
  • Tax Block: 2
  • Tax Census Tract: 2377.10
  • Tax Lot: 20
  • Tax Tract Number: 237710

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2020
Closed on
Jul 21, 2020
Sold by
Zhang Yujie and The Wz Family Trust
Bought by
Dorn Heath Emmett
Seller's Agent
Gene Smith
RE/MAX TerraSol
Buyer's Agent
John Alden
Alden Pacific Investments, Inc.
List Price
$720,000
Sold Price
$688,500
Premium/Discount to List
-$31,500
-4.38%
Current Estimated Value
$873,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,097
Avg. Annual Appreciation
4.85%
Original Mortgage
$676,029
Outstanding Balance
$601,033
Interest Rate
3%
Estimated Equity
$274,434

Purchase Details

Closed on
Aug 20, 2019
Sold by
Blanco Maria Esther and Blanco Nathalle Garcia
Bought by
Zhang Yujie and Wz Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2017
Sold by
Blanco Jose Alfredo
Bought by
Blanco Maria Esther and Blanco Nathalie Garcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2008
Sold by
Blanco Jose Alfredo
Bought by
Blanco Jose Alfredo

Purchase Details

Closed on
Mar 21, 2008
Sold by
Gomez Maria Esther
Bought by
Blanco Jose Alfredo

Purchase Details

Closed on
Sep 21, 2005
Sold by
Gomez Alberto and Gomez Maria Esther
Bought by
Gomez Maria Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,050
Interest Rate
5.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2004
Sold by
Blanco Maria Esther and Blanco Jose Alfredo
Bought by
Gomez Alberto

Purchase Details

Closed on
Aug 17, 2004
Sold by
Blanco Maria Esther
Bought by
Blanco Maria Esther

Purchase Details

Closed on
Oct 3, 2003
Sold by
Blanco Maria Esther and Blanco Maria
Bought by
Blanco Maria Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 1998
Sold by
Sanches Mario and Blanco Daniel V
Bought by
Blanco Miguel Angel

Purchase Details

Closed on
Apr 27, 1995
Sold by
Blanco Jose and Valadez Margarita
Bought by
Sanchez Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,145
Interest Rate
8.43%
Mortgage Type
FHA
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
Dorn Heath Emmett $688,500 First American Title Company
Zhang Yujie $640,000 Pacific Coast Title Company
Blanco Maria Esther -- Western Resources Title Co
Blanco Jose Alfredo -- None Available
Blanco Jose Alfredo -- None Available
Gomez Maria Esther -- Ticor Title Co
Gomez Alberto -- --
Blanco Maria Esther -- --
Blanco Maria Esther -- Fidelity
Blanco Miguel Angel -- --
Sanchez Mario $112,000 --
Valadez Margarita -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dorn Heath Emmett $676,029
Previous Owner Zhang Yujie $480,000
Previous Owner Blanco Maria Esther $270,000
Previous Owner Gomez Maria E $50,000
Previous Owner Gomez Maria Esther $208,050
Previous Owner Blanco Maria Esther $150,000
Previous Owner Blanco Miguel Angel $124,000
Previous Owner Sanchez Mario $111,145
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2020 08/21/20 Sold $688,500 -0.2% $303 / Sq Ft
07/16/2020 07/16/20 Pending -- -- --
06/28/2020 06/28/20 Price Changed $690,000 -1.3% $303 / Sq Ft
06/28/2020 06/28/20 Price Changed $698,900 -2.9% $307 / Sq Ft
03/14/2020 03/14/20 For Sale $720,000 -- $316 / 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 $9,132 $745,252 $449,749 $295,503
2024 $9,132 $730,640 $440,931 $289,709
2023 $8,962 $716,315 $432,286 $284,029
2022 $8,554 $702,270 $423,810 $278,460
2021 $8,440 $688,500 $415,500 $273,000
2020 $8,026 $640,000 $385,000 $255,000
2019 $5,868 $477,288 $190,847 $286,441
2018 $2,913 $235,467 $187,105 $48,362
2016 $2,779 $226,326 $179,841 $46,485
2015 $2,739 $222,927 $177,140 $45,787
2014 $2,757 $218,562 $173,671 $44,891
Source: Public Records

Agents Affiliated with this Home

  • Gene Smith

    Seller's Agent in 2020

    Gene Smith

    RE/MAX

    (949) 395-7552

    76 Total Sales

    Gene Smith
    Section Image

  • J

    Buyer's Agent in 2020

    John Alden

    Alden Pacific Investments, Inc.

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20056747

California Regional Multiple Listing Service (CRMLS)

APN: 6020-003-001

California Los Angeles County Los Angeles 90044 Vermont Knolls

860 W 73rd St, Los Angeles, CA

This home is located at 860 W 73rd St, Los Angeles, CA 90044 since 14 March 2020 and is currently estimated at $873,597, approximately $383 per square foot. This property was built in 1921. 860 W 73rd St is a home located in Los Angeles County with nearby schools including Mary McLeod Bethune Middle School, Academy For Multiligual Arts And Science At Mervyn M. Dymally High, and KIPP Comienza Community Prep.

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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