We are pleased to present 1115 E 75th St, a 5-unit bungalow apartment community located in the Florence neighborhood of South Los Angeles, CA. The property, including a fully permitted ADU built in 2022, is comprised of an excellent unit mix of (3) 2 bed/1 Bath units, (1) 3 bed/1 Bath unit and (1) 1 Bed/1 Bath unit. There are currently four (4) Section 8 tenants in-place offering excellent security of income and collections. One unit (2bed/ 1 bath) is currently vacant, allowing an investor to capture market or Section 8 rent immediately. Section 8 Voucher Payment Standards (per HACLA) are currently up to $2,407 for 1-bedroom units, $3,052 for 2-bedroom units, and $3,915 for 3-bedroom units as of 2/2024. The gated property also sits on a 5,007 square feet lot with rear and side alley access and parking for 4 vehicles.1115 E 75th St is centrally located just 4 miles from USC and Downtown with convenient access to the 110 freeway and walkability to local amenities along Central Avenue and Florence Avenue. South Los Angeles has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Sofi Stadium, USC, Culver City, and South Bay. Rents in South LA have grown significantly over the past few years with average 2-bedroom market rents reaching $2,300-$2,600 and Section 8 Voucher Payment Standards rising up to $3,052. With low vacancy rates, landlord-favored market conditions, and numerous employment options nearby, South LA is poised for significant long-term growth.
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1940
Stories: 1
Living Area: 3,104 SqFt
Listing Office:
Office Name: Rosano Partners
Office Phone: (213) 802-0305
Listing Agent: Brandon Evans
Interior Features
Interior Information:
Appliances: Gas Range, Range
Flooring Type: Laminate
Bedroom and Bathroom Information:
Total Bedroom Count: 10
Exterior Features
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot Size: 0.11 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
John C. Fremont Senior High School, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Thomas A. Edison Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
Wisdom Elementary School, Public District Grades KG-6
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Point Fermin Elementary School, Public Magnet Grades KG-5
Other
Directions Information:
Directions: E 75th St & Central Ave
Price Information
Listing Price Info
Price Summary:
List Price: $1,350,000
Price Per SqFt: $435/SqFt
Tax Information:
Annual Amount: $8,084
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $363.5K more than the Median Sold Price and $197/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24391941
Listing Office:
Office Name: Rosano Partners
Office Phone: (213) 802-0305
Listing Agent: Brandon Evans
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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/29/2024, 12:20:38 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Apr 23, 2020
Apr 23, 2020Home Sold
$2,175,000
Feb 14, 2017
Feb 14, 2017Home Sold
$500,000
Aug 04, 2006
Aug 04, 2006Home Sold
$549,900
Oct 16, 2000
Oct 16, 2000Home Sold
$178,000
Jan 25, 1999
Jan 25, 1999Home Sold
$255,000
Jun 25, 1998
Jun 25, 1998Home Sold
$143,000
Jun 22, 1993
Jun 22, 1993Home Sold
$213,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$8,084
$536,099
2020
$7,858
$530,603
2019
$7,727
$520,200
2018
$6,250
$510,000
2017
$6,250
$386,000
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,805
Per Month
Principal & Interest
$6,738
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,114
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Wisdom Elementary School
1125 E 74th St
Distance between this listing and this school0.07 miles
Public District Grades KG-6
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school9.27 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school17.96 miles
Public Magnet Grades KG-5
Middle School
3
/10
Thomas A. Edison Middle School
6500 Hooper Ave
Distance between this listing and this school0.53 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school9.19 miles
Public District Grades 6-8
High School
3
/10
John C. Fremont Senior High School
7676 S San Pedro St
Distance between this listing and this school0.79 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school5.14 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school20.66 miles
Public Magnet Grades 9-12
Assigned Schools
4
/10
Wisdom Elementary School
1125 E 74th St
Distance between this listing and this school0.07 miles
Public District Grades KG-6
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school9.27 miles
Public Magnet Grades KG-6
6
/10
Point Fermin Elementary School
3333 S Kerckhoff Ave
Distance between this listing and this school17.96 miles
Public Magnet Grades KG-5
Assigned Schools
3
/10
Thomas A. Edison Middle School
6500 Hooper Ave
Distance between this listing and this school0.53 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school9.19 miles
Public District Grades 6-8
Nearby Schools
3
/10
Kipp Philosophers Academy
8300 S Central Ave
Distance between this listing and this school0.63 miles
Public Charter Grades 5-8
Assigned Schools
3
/10
John C. Fremont Senior High School
7676 S San Pedro St
Distance between this listing and this school0.79 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school5.14 miles
Public Magnet Grades 9-12
7
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school20.66 miles
The neighbors living near this home have an average income of $33,080. Typical income of Los Angeles, CA residents is less than $35k annually. Most families are single, with kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1115 E 75th St
What is the listing price of this property?
The listing price of 1115 E 75th St property is $1,350,000.
What type of property is this?
The property 1115 E 75th St is a house located in Los Angeles, California, 90001.
Is this property for sale now?
Active Listing: 1115 E 75th St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1115 E 75th St are: Wisdom Elementary School: GreatSchools Rating 4/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Point Fermin Elementary School: GreatSchools Rating 6/10Thomas A. Edison Middle School: GreatSchools Rating 3/10Studio: GreatSchools Rating 4/10John C. Fremont Senior High School: GreatSchools Rating 3/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $8,084 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 23, 2020 for $2,175,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1115 E 75th St has 10 bedrooms and 5 bathrooms.
What is the square footage of this property?
The property 1115 E 75th St is 3,104 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1115 E 75th St is 1940.
This home is located at 1115 E 75th St in Los Angeles, CA and zip code 90001 in the South LA neighborhood. This 3,104 square foot home, which was built in 1940, sits on a 0.11 acre lot. Features: 10 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $1,350,000.
Over 701 listings were sold over their listed price in April 2024 in Los Angeles, CA. In the same period over 629 listings were sold below the listed price and 204 listings were sold for the listed price. The inventory of homes for sale in Los Angeles, CA between March 2024 and April 2024 increased by 14.9%. Listings spent 34 days on the market in April 2024, and had a median list price of $986,427 during the same period.
From Rocket Homes Real Estate and based on county public records data.