371 E 115th St Los Angeles, CA 90061

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2 beds · 1 bath · 971 sq ft · Lot Size: 6,531 sq ft · Single Family Home · Harbor Gateway North
Est. Property Value: $505,661

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371 E 115th 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 971 sq ft with 2 bedrooms and 1 bathroom and sits on a 6531 sq ft lot. According to public records, it was last sold in 2001 for $125,000 and has a tax-assessed value of $424,890, which is $521 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 371 E 115th St Los Angeles, CA 90061 with Property Intel by Whitepages.

Owners & Occupancy for 371 E 115th St

This property is owned by Lawrence J Douglas. Owner contact information includes 4 phone numbers.

Property Owners

Residence***************
Landline(636) 926-0880
Distance from Property**********

Occupancy

Resident 1*********** age 25
Resident 2****************** age 61
Resident 3***********
Resident 4******************* age 51
Resident 5*************** age 77

Property Financials for 371 E 115th St

371 E 115th St, Los Angeles, CA has a mortgage from Pacific Republic Mtg Corp (orig. March 14, 2013). The Los Angeles county assessment for 2024 values it at $424,890, with annual taxes of $2,490.

Mortgage & Equity Information

Loan Amount$******
LenderPacific Republic Mtg Corp
Origination DateMarch 14, 2013
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date**************
Equity View Equity

Property Tax

Purchase DateAugust 23, 2001
Property Tax Amount$2,490 in 2023
Purchase Price$125,000
Assessed Value$424,890 on 2024

Investment Potential for 371 E 115th St

The property has a current estimated value of $505,661, which is 14% below the neighborhood median, based on public records. It last sold on August 23, 2001 for $125K. Projected long-term
is $45,600 annually ($3,800 per month) with a 96% occupancy rate.

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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 371 E 115th St

Property Details

Property Sq Ft

Living Area

971 sq ft

6% above market

Lot Size

6,531 sq ft

9% above market

Price Per Sq Ft

Living Area

$521 / sq ft

11% below market

Lot Size Area

$77 / sq ft

18% below market

Property condition, age, exterior, etc. for 371 E 115t…
Longitude: -118.267011 Latitude: 33.93032 Parcel Number (APN): 6083-005-029…

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Discover more single family homes near 371 E 115th 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 371 E 115th St in Los Angeles County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$505,661
$537,632
-$31,971 (-6%)
$664,666
$34,809 (5%)
YoY Price Change
1.67%
-106%
Year Built
1941
1952
-11 years
Living Space
971 sq ft
1,134 sq ft
-163 (-14%)
$ Per Living Sq Ft
$521
$472
$49 (10%)
Lot Size
6,531 sq ft
6,300 sq ft
231 (4%)
$ Per Lot Sq Ft
$77
$88
-$11 (-12%)

Net Operating Income
$29,277
$4,046 (14%)
Annual Revenue
$45,600
$45,600
$0 (0%)
$12,843
-$566 (-4%)
Net Operating Income
$29,277
$4,046 (14%)
Cap Rate
5.07%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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