NOT LISTED FOR SALE

1803 E 3rd St Los Angeles, CA 90033

Boyle Heights Neighborhood

Estimated Value: $1,638,170 - $1,820,000

5 Beds
5 Baths
3,615 Sq Ft
$478/Sq Ft Est. Value

Last Sold October 03, 2018

Last sale price $1,150,000 $318 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $10,504/month

29 Days on Market

Highlights

  • Laundry Room
  • Felicitas and Gonzalo Mendez High Rated A-
  • 3-minute walk to Mariachi Plaza

About This Home

As of October 2018

First time on the market in 35 years!! Income residential property located in the budding neighborhood of Brooklyn Heights. At the steps of the bustling Los Angeles Arts District. Minutes from Little Tokyo. 1 block away fro 101 Freeway. 2 minutes away from Downtown and its splendorous nightlife. Corner lot with 2 buildings. Front building offers 3 large units being used as 5 units. (3) 1 bedroom 1 bath. (1) 2 bedroom 1 bath (1) Single 1 bath. The building at rear consists of (2) Singles 1 bath. The property has been maintained throughout the years. The owners have resided and operated the property. Additional rent for this unit should be factored in proforma. The property has been operating as 7 units for many years. Existing tenants may be relocated through negotiation. Onsite parking available for both buildings. Private driveway for building at rear with alley access. Buyer to verify all information regarding square footage. See agent remarks

Last Agent to Sell the Property

Julio Bonilla

Keller Williams Pacific Estates License #01281205 Listed on: 05/07/2018

Keller Williams Pacific Estates

Last Buyer's Agent

Julio Bonilla

Keller Williams Pacific Estates License #01281205 Listed on: 05/07/2018

Keller Williams Pacific Estates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,048

Year Built

  • Built in 1928

Lot Details

  • 6,212 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 3,615 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 5174018017

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,250
  • Water Sewer Expense $3,000
  • New Taxes Expense $15,625
  • Operating Expense $19,875
  • Gross Income $50,400
  • Net Operating Income $40,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,048

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: LAR4
  • Property Type: Residential Income
  • Parcel Number: 5174018017
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 318.12

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6212.00
  • Lot Size Acres: 0.1426

Multi Family

  • Gross Income: 50400.00
  • Gross Scheduled Income: 50400.00
  • Insurance Expense: 1250.00
  • Lot Size Area: 6212.0000 Square Feet
  • Net Operating Income: 40950.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 9450.00
  • Rent Control: Yes
  • Total Expenses: 19875.00

Tax Info

  • New Taxes Expense: 15625.00
  • Tax Census Tract: 2060.32
  • Tax Lot: 1
  • Tax Tract Number: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2019
Sold by
Bergman Investment Properties Llc
Bought by
Windsor Development Llc
Current Estimated Value
$1,729,085

Purchase Details

Closed on
Jun 5, 2018
Sold by
Monarrez Karindy and Estate Of Angel Monarrez
Bought by
Bergman Investment Properties Llc

Purchase Details

Closed on
Dec 9, 2015
Sold by
Monarrez Ana and Monarrez Ana Maria
Bought by
Monarrez Ana Maria and The Ana Maria Monarrez Revocab

Purchase Details

Closed on
Oct 18, 2013
Sold by
Monarrez Ana Maria
Bought by
Monarrez Ana Maria and Monarrez Ana Maria

Purchase Details

Closed on
Dec 20, 2010
Sold by
Monarrez Angel and The Monarrez Family Revocable
Bought by
Monarrez Angel

Purchase Details

Closed on
Mar 11, 2007
Sold by
Monarrez Angel and Navarro Ana Maria
Bought by
Monarrez Angel and Monarrez Ana Maria
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Windsor Development Llc $1,150,000 Chicago Title
Bergman Investment Properties Llc $1,150,000 Fidelity National Title Comp
Monarrez Ana Maria -- None Available
Monarrez Ana Maria -- None Available
Monarrez Ana Maria -- None Available
Monarrez Angel -- None Available
Monarrez Angel -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2018 10/03/18 Sold $1,150,000 0.0% $318 / Sq Ft
08/07/2018 08/07/18 Off Market $1,150,000 -- --
05/07/2018 05/07/18 For Sale $1,250,000 -- $346 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $16,048 $1,276,848 $656,186 $620,662
2024 $16,048 $1,251,813 $643,320 $608,493
2023 $15,750 $1,227,268 $630,706 $596,562
2022 $15,046 $1,203,205 $618,340 $584,865
2021 $14,858 $1,179,614 $606,216 $573,398
2019 $14,505 $1,150,000 $580,000 $570,000
2018 $3,559 $259,068 $110,142 $148,926
2017 $0 $253,989 $107,983 $146,006
2016 $3,371 $249,010 $105,866 $143,144
2015 $3,327 $245,270 $104,276 $140,994
2014 $3,369 $240,467 $102,234 $138,233
Source: Public Records

Agents Affiliated with this Home

  • Julio Bonilla

    Seller's Agent in 2018

    Julio Bonilla

    Keller Williams Pacific Estates

    (562) 355-8060

    2 in this area

    42 Total Sales

    Julio Bonilla
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18106513

California Regional Multiple Listing Service (CRMLS)

APN: 5174-018-017

California Los Angeles County Los Angeles 90033 Boyle Heights

1803 E 3rd St, Los Angeles, CA

This home is located at 1803 E 3rd St, Los Angeles, CA 90033 since 07 May 2018 and is currently estimated at $1,729,085, approximately $478 per square foot. This property was built in 1928. 1803 E 3rd St is a home located in Los Angeles County with nearby schools including Second Street Elementary School, Hollenbeck Middle School, and Felicitas and Gonzalo Mendez High.

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.

California Regional Multiple Listing Service (CRMLS) 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

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