B
Seller's Agent in 2022
Benjamin Gutierrez
Apex Properties
1900 E 1st St Los Angeles, CA 90033
Boyle Heights NeighborhoodEstimated Value: $876,182
2
Beds
2
Baths
1,899
Sq Ft
$461/Sq Ft
Est. Value
Highlights
- Fireplace
- 2-minute walk to Mariachi Plaza
- Heating Available
- Built-In Features
About This Home
As of August 2022We are pleased to present this vacant two bedroom house + occupied commercial unit located in the bustling neighborhood of Boyle Heights in East Los Angeles. The property consists of two completely separate buildings. The first building is a 2 bedroom and 1 bathroom freestanding vacant house. The second building is a small music and guitar store that has been at this location for over 15 years. Each unit has its own parking. The two units are separated by a gate and although they are on the same parcel, they feel like two separate properties. MAJOR UPSIDE POTENTIAL- The vacant house is ready to be renovated and either occupied by the new owner or rented for excellent cash flow. SHORT TERM LEASE- The commercial units lease expires on July 10th, 2023, giving added flexibility. The Tenant would like to stay if the Buyer allows. SEPERATE METERS- All utilities are separately metered including electricity, water, and gas- this keeps operating expenses as landlord extremely low.
Last Agent to Sell the Property
Benjamin Gutierrez
Apex Properties License #02157302 Listed on: 06/15/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1960
Lot Details
- 4,945 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Interior Spaces
- 1,899 Sq Ft Home
- Built-In Features
- Fireplace
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
Outdoor Features
- Exterior Lighting
Utilities
- Heating Available
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 5174
- Tax Tract Number 204
- Assessor Parcel Number 5174016024
- $286,130 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $2,500
- Maintenance Expense $1,800
- New Taxes Expense $9,375
- Operating Expense $13,675
- Gross Income $53,760
- Net Operating Income $40,085
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 15, 2022
Closed on
Jul 6, 2022
Sold by
Comfort Christopher M
Bought by
City Labs Boyle Heights Llc
Seller's Agent
Benjamin Gutierrez
Apex Properties
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$795,000
Sold Price
$800,000
Premium/Discount to List
$5,000
0.63%
Views
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,182
Avg. Annual Appreciation
2.74%
Original Mortgage
$372,000
Outstanding Balance
$354,686
Interest Rate
5.51%
Estimated Equity
$522,611
Purchase Details
Closed on
Jul 20, 2021
Sold by
Comfort Philippa Maria
Bought by
Comfort Christopher M
Purchase Details
Closed on
Feb 11, 2000
Sold by
Takahashi Mieko May and The Trust Of Meiko May Takahas
Bought by
Ortega Ruben and Ortega Margarita
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,010
Interest Rate
8.38%
Mortgage Type
Commercial
Purchase Details
Closed on
May 9, 1995
Sold by
Ban Mieko May and Trust Of Mieko May Bank
Bought by
Takahashi Mieko May and Trust Of Mieko May Takahashi
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| City Labs Boyle Heights Llc | $800,000 | Old Republic Title | |
| Comfort Christopher M | -- | North American Title | |
| Ortega Ruben | $180,000 | Provident Title | |
| Takahashi Mieko May | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | City Labs Boyle Heights Llc | $372,000 | |
| Previous Owner | City Labs Boyle Heights Llc | $500,000 | |
| Previous Owner | Ortega Ruben | $128,010 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/12/2022 08/12/22 | Sold | $800,000 | +0.6% | $421 / Sq Ft |
| 06/15/2022 06/15/22 | For Sale | $795,000 | -- | $419 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,694 | $832,320 | $520,200 | $312,120 |
| 2024 | $10,694 | $816,000 | $510,000 | $306,000 |
| 2023 | $10,482 | $800,000 | $500,000 | $300,000 |
| 2022 | $7,254 | $550,000 | $300,000 | $250,000 |
| 2021 | $4,173 | $286,130 | $90,863 | $195,267 |
| 2020 | $4,198 | $283,197 | $89,932 | $193,265 |
| 2019 | $4,046 | $277,645 | $88,169 | $189,476 |
| 2018 | $3,915 | $272,202 | $86,441 | $185,761 |
| 2016 | $3,726 | $261,635 | $83,086 | $178,549 |
| 2015 | $3,385 | $257,706 | $81,838 | $175,868 |
| 2014 | $3,400 | $252,658 | $80,235 | $172,423 |
Source: Public Records
Agents Affiliated with this Home
-
-
NoEmail NoEmail
N
Buyer's Agent in 2022
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
2 in this area
6,209 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW22129546
APN: 5174-016-024
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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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