Seller's Agent in 2022
Aaron Zapata
Real Broker
(714) 904-7877
2 in this area
139 Total Sales
903 E 79th St Los Angeles, CA 90001
Florence NeighborhoodEstimated Value: $1,017,000 - $1,536,000
4
Beds
4
Baths
3,194
Sq Ft
$366/Sq Ft
Est. Value
Highlights
- Corner Lot
- Laundry Room
- 1-Story Property
- No HOA
- Security Fence
About This Home
As of July 2022Existing 4-unit building that will be delivered VACANT with ready-to-issue plans for additional 1 ADU unit! This quadruplex is an excellent investment opportunity with huge upside potential! Located in Los Angeles, this property currently features four 1-bed, 1-bath units. Exterior has recently been repainted and interiors have been demoed and are ready for renovation. A detached multi-car garage is also ready to be converted into a fifth 3-bed, 2 bath rentable unit (ADU) to maximize the income potential. The building permit and plans have been fully approved (see supplements) and are ready for construction. Excellent corner lot location with high visibility and conveniently located near schools and local amenities.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1941
Lot Details
- 6,895 Sq Ft Lot
- Two or More Common Walls
- Security Fence
- Corner Lot
Parking
- 4 Car Garage
- Parking Available
Home Design
- Quadruplex
- Fixer Upper
Interior Spaces
- 3,194 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Exterior Lighting
Utilities
- Water Not Available
- Sewer Not Available
Listing and Financial Details
- Tax Lot 60
- Tax Tract Number 6
- Assessor Parcel Number 6023029015
- $506 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Gas Meters
- Gross Income $113,940
- Net Operating Income $9,495
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 8, 2022
Closed on
May 18, 2022
Sold by
Patron Equities Llc
Bought by
Wads Investment Llc
Seller's Agent
Aaron Zapata
Real Broker
List Price
$895,000
Sold Price
$982,600
Premium/Discount to List
$87,600
9.79%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,815
Avg. Annual Appreciation
4.97%
Original Mortgage
$900,000
Outstanding Balance
$852,516
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$315,899
Purchase Details
Closed on
Jan 16, 2021
Sold by
Jack S Williams Revocable Living Trust and Makler Mary
Bought by
Patron Equities Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$361,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 19, 2020
Sold by
Thomas Lori
Bought by
Makler Mary and Williams Jack S
Purchase Details
Closed on
Dec 19, 2018
Sold by
Henry Thomas Lori and Henry Thomas Ray
Bought by
Thomas Lori
Purchase Details
Closed on
Jan 3, 2018
Sold by
Williams Jack
Bought by
The Jack S Williams Revocable Living Tr
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wads Investment Llc | $983,000 | New Title Company Name | |
| Patron Equities Llc | $555,000 | New Title Company Name | |
| Makler Mary | -- | None Available | |
| Thomas Lori | -- | None Available | |
| The Jack S Williams Revocable Living Tr | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wads Investment Llc | $900,000 | |
| Previous Owner | Patron Equities Llc | $361,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/01/2022 07/01/22 | Sold | $982,600 | +9.8% | $308 / Sq Ft | |
| 04/27/2022 04/27/22 | Pending | -- | -- | -- | |
| 04/08/2022 04/08/22 | For Sale | $895,000 | +61.3% | $280 / Sq Ft | |
| 06/24/2021 06/24/21 | Sold | $555,000 | -11.2% | $219 / Sq Ft | View Prior Sale |
| 01/15/2021 01/15/21 | For Sale | $625,000 | +12.6% | $246 / Sq Ft | |
| 01/14/2021 01/14/21 | Pending | -- | -- | -- | |
| 01/08/2021 01/08/21 | Off Market | $555,000 | -- | -- | |
| 10/28/2020 10/28/20 | For Sale | $625,000 | +12.6% | $246 / Sq Ft | |
| 10/26/2020 10/26/20 | Off Market | $555,000 | -- | -- | |
| 10/22/2020 10/22/20 | For Sale | $625,000 | +12.6% | $246 / Sq Ft | |
| 10/15/2020 10/15/20 | Off Market | $555,000 | -- | -- | |
| 10/14/2020 10/14/20 | For Sale | $625,000 | -- | $246 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $12,561 | $1,022,713 | $759,492 | $263,221 |
| 2024 | $12,561 | $1,002,660 | $744,600 | $258,060 |
| 2023 | $12,322 | $983,000 | $730,000 | $253,000 |
| 2022 | $7,273 | $566,100 | $464,100 | $102,000 |
| 2021 | $1,973 | $124,890 | $28,285 | $96,605 |
| 2020 | $1,985 | $123,610 | $27,995 | $95,615 |
| 2019 | $1,925 | $121,188 | $27,447 | $93,741 |
| 2018 | $1,817 | $118,812 | $26,909 | $91,903 |
| 2016 | $1,715 | $114,200 | $25,865 | $88,335 |
| 2015 | $1,745 | $112,486 | $25,477 | $87,009 |
| 2014 | $1,729 | $110,283 | $24,978 | $85,305 |
Source: Public Records
Agents Affiliated with this Home
-
Aaron Zapata
-
Todd Anderson
Seller Co-Listing Agent in 2022
Todd Anderson
Real Broker
(909) 315-3070
2 in this area
137 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22068977
APN: 6023-029-015
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.
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
Nearby Homes
- 902 E 78th St
- 910 E 76th Place
- 804 E 76th Place
- 758 E 76th Place
- 1150 E 80th St
- 1158 E 77th St
- 1139 E 82nd St
- 759 E 83rd St
- 1113 E 83rd St
- 1202 E 76th St
- 755 E 84th Place
- 1008 E 74th St
- 628 E 76th Place
- 1014 E 84th St
- 8023 Hooper Ave
- 1207 E 76th St
- 8405 Mckinley Ave
- 801 E 84th Place
- 8100 Avalon Blvd
- 7402 Avalon Blvd