385 E 116th St Los Angeles, CA 90061

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2 beds · 1 bath · 869 sq ft · Lot Size: 5,726 sq ft · Single Family Home · Harbor Gateway North
Est. Property Value: $476,839

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385 E 116th St is in the Harbor Gateway North neighborhood of Los Angeles, CA. It is located in Los Angeles County and ZIP code 90061. This Single Family Home was built in 1941 and is approximately 84 years old. The single family home spans 869 sq ft with 2 bedrooms and 1 bathroom and sits on a 5726 sq ft lot. According to public records, it was last sold in 2022 for $570,000 and has a tax-assessed value of $576,270, which is $549 per sq ft. The Harbor Gateway North area of Los Angeles has 575 residential homes with an average size of 918 sq ft. Analyze and compare real estate investment strategies for properties like this home at 385 E 116th St Los Angeles, CA 90061 with Property Intel by Whitepages.

385 E 116th St

Los Angeles, CA 90061

Owner Info

Owners & Occupancy for 385 E 116th St

This property is owned by Jose J Rodriguez. Owner contact information includes 6 phone numbers and 2 email addresses.

Property Owners

Cell Phone(323) ***-****View Cell Phone
Residence***************
Landline(323) 778-0785
Distance from Property**********
Email Address*****************@gmail.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1******************* age 46
Resident 2*****************
Resident 3*********** age 46
Resident 4********************** age 31
Resident 5**************** age 30

Property Financials for 385 E 116th St

385 E 116th St, Los Angeles, CA has a mortgage from United Wholesale Mtg (orig. September 22, 2022). The Los Angeles county assessment for 2024 values it at $576,270, with annual taxes of $7,287.

Mortgage & Equity Information

Loan Amount$******
LenderUnited Wholesale Mtg
Origination DateSeptember 22, 2022
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date****************
Equity View Equity

Property Tax

Purchase DateAugust 29, 2022
Property Tax Amount$7,287 in 2023
Purchase Price$570,000
Assessed Value$576,270 on 2024

Investment Potential for 385 E 116th St

The property has a current estimated value of $476,839, which is 19% below the neighborhood median, based on public records. It last sold on August 29, 2022 for $570K. Projected long-term
is $45,600 annually ($3,800 per month) with a 96% occupancy rate.

Discover more Single Family Homes in Harbor Gateway North.

Long-Term

Gross Rental
$45,600 per year($3,800 per month)
Net Operating Income
Cap Rate
Occupancy Rate
96%in 90061 zip code
 
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Property Details for 385 E 116th St

Property Details

Property Sq Ft

Living Area

869 sq ft

5% below market

Lot Size

5,726 sq ft

5% below market

Price Per Sq Ft

Living Area

$549 / sq ft

7% below market

Lot Size Area

$83 / sq ft

12% below market

Property condition, age, exterior, etc. for 385 E 116t…
Longitude: -118.266567 Latitude: 33.929447 Parcel Number (APN): 6083-004-042…

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Discover more single family homes near 385 E 116th St in Los Angeles, California. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 385 E 116th St in Los Angeles County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$476,839
$537,632
-$60,793 (-11%)
$664,666
-$5,060 (-1%)
YoY Price Change
1.67%
-232%
Year Built
1941
1952
-11 years
Living Space
869 sq ft
1,134 sq ft
-265 (-23%)
$ Per Living Sq Ft
$549
$472
$76 (16%)
Lot Size
5,726 sq ft
6,300 sq ft
-574 (-9%)
$ Per Lot Sq Ft
$83
$88
-$5 (-6%)

Net Operating Income
$29,277
-$544 (-2%)
Annual Revenue
$45,600
$45,600
$0 (0%)
$12,843
$4,024 (31%)
Net Operating Income
$29,277
-$544 (-2%)
Cap Rate
5.07%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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