C
Seller's Agent in 2018
Chris Ramos
eXp Realty of Greater Los Angeles
1441 Murchison St Los Angeles, CA 90033
Boyle Heights Neighborhood
14
Beds
7
Baths
4,898
Sq Ft
7,405
Sq Ft Lot
Highlights
- Central Heating
- 7 Car Garage
- 2-minute walk to Crusado Park
- Lincoln High School Rated A-
About This Home
As of April 2018A 7 unit multifamily property with substantial rent upside located in the desirable and rapidly growing Boyle Heights neighborhood of Los Angeles. Two of the 7 units are vacant- with all units consisting of two-bedrooms/one-bathroom. The property is well-positioned for an investor to capitalize on recent rent growth in the submarket. Along with a potential additional income stream from the building's on-site laundry facility, there are two parking garages aside from the other open parking spaces. With current rents at half of market rates and two vacant units, there is plenty of room for immediate income growth for a new investor. Murchison Street provides tenants easy access to the 5, 10, and 710 Freeways. The property sits within walking distance to the Keck Hospital and School of Medicine USC and a short drive to the Los Angeles County+USC Medical Center and Cal State LA- perfect for young professionals. Local attractions include Dodgers Stadium, LA Live, DTLA nightlife, and more.
Last Agent to Sell the Property
eXp Realty of Greater Los Angeles License #01949930 Listed on: 01/17/2018
Last Buyer's Agent
eXp Realty of Greater Los Angeles License #01949930 Listed on: 01/17/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 7,500 Sq Ft Lot
Parking
- 7 Car Garage
Interior Spaces
- 4,898 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 14 Bedrooms
- 7 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating
Community Details
- 7 Units
Listing and Financial Details
- Assessor Parcel Number 5202-012-033
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/30/2018 04/30/18 | Sold | $1,200,000 | -4.0% | $245 / Sq Ft |
| 02/27/2018 02/27/18 | Pending | -- | -- | -- |
| 02/19/2018 02/19/18 | Price Changed | $1,250,000 | -3.7% | $255 / Sq Ft |
| 01/17/2018 01/17/18 | For Sale | $1,298,000 | -- | $265 / Sq Ft |
Source: The MLS
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 | $17,169 | $1,365,389 | $819,234 | $546,155 |
| 2024 | $17,169 | $1,338,618 | $803,171 | $535,447 |
| 2023 | $16,850 | $1,312,372 | $787,423 | $524,949 |
| 2022 | $16,096 | $1,286,640 | $771,984 | $514,656 |
| 2021 | $15,887 | $1,261,413 | $756,848 | $504,565 |
| 2020 | $16,051 | $1,248,480 | $749,088 | $499,392 |
| 2019 | $15,441 | $1,224,000 | $734,400 | $489,600 |
| 2018 | $2,392 | $122,559 | $16,351 | $106,208 |
| 2016 | $2,207 | $117,802 | $15,717 | $102,085 |
| 2015 | $2,186 | $116,033 | $15,481 | $100,552 |
| 2014 | $2,242 | $113,761 | $15,178 | $98,583 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Ramos
Map
Source: The MLS
MLS Number: 18-303280
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