E
Seller's Agent in 2023
ERIC LARA
IRN REALTY
1931 Workman St Los Angeles, CA 90031
Lincoln Heights NeighborhoodEstimated Value: $638,000
4
Beds
1
Bath
3,464
Sq Ft
$184/Sq Ft
Est. Value
Highlights
- No HOA
- Cooling Available
- Accessible Parking
- Abraham Lincoln High School Rated A-
- Ramp on the main level
- Wrought Iron Fence
About This Home
As of August 2023TWO UNITS, one on the front and one on the back .ATTENTION INVESTORS OPPORTUNITY ZONED LARD2. Residential income opportunity conveniently located a few blocks from the 5 Freeway and cross street of North Main Street, a few minutes away from Downtown Los Angeles. 2 separate structures one is ( 1933 Workman Street, parcel number 5210004013) a commercial unit in front of the street currently generating a monthly income of 3000 a month approximately, commercial property is fully equipped with 1696 SqFt and capacity for 150 people, men and women restrooms, office, storage, training room and multiple adjacent rooms (IDEAL FOR SOBER and LIVING FACILITIES) and one residential unit in the back that has three bedrooms and one bathroom currently rented for approximately 2200 a month. Property has a flat parking lot for about six vehicles space. Each lot has a separate parcel number that convince a total of 9,900 square feet. PROPERTY IS TO BE SOLD TOGETHER 2 STRUCTURES ON PROPERTY (1931 WORMAN STREET and 1933 WORKMAN STREET) "BOTH PROPERTIES TO BE SOLD TOGETHER for the total of $ 1,100,000.00."
Agents representing the buyers, and buyers to conduct their own property investigation to satisfy themselves.
Last Agent to Sell the Property
ERIC LARA
IRN REALTY License #01496744 Listed on: 06/20/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1902
Lot Details
- 7,495 Sq Ft Lot
- No Common Walls
- Wrought Iron Fence
- Density is 2-5 Units/Acre
- 5204004013
Parking
- 6 Open Parking Spaces
- 1 Car Garage
- Parking Available
- Auto Driveway Gate
Home Design
- Entry on the 1st floor
- Asbestos Shingle Roof
- Stucco
Interior Spaces
- 4 Bedrooms
- 3,464 Sq Ft Home
- 1-Story Property
- Entryway
- Carpet
Kitchen
- Electric Oven
- Gas Range
- Microwave
Accessible Home Design
- Ramp on the main level
- Accessible Parking
Outdoor Features
- Exterior Lighting
Utilities
- Cooling Available
- Heating Available
- 220 Volts in Kitchen
- Phone Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 2 / 12
- Tax Tract Number 12
- Assessor Parcel Number 5210004014
- $9 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $100
- Operating Expense $100
- Gross Income $5,800
- Net Operating Income $6,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 20, 2016
Sold by
Lamas Alfredo and Lamas Lucia
Bought by
Lamas Alfredo and Lamas Lucia
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,000
Outstanding Balance
$134,184
Interest Rate
3.58%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 5, 2001
Sold by
Guzman Guadalupe and Chaidez Abelardo
Bought by
Lamas Alfredo and Lamas Lucia
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lamas Alfredo | -- | Ticor Title | |
| Lamas Alfredo | $228,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lamas Alfredo | $169,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/28/2023 08/28/23 | Sold | $1,075,000 | +95.5% | $310 / Sq Ft |
| 08/15/2023 08/15/23 | Pending | -- | -- | -- |
| 07/17/2023 07/17/23 | Price Changed | $550,000 | -20.2% | $159 / Sq Ft |
| 06/29/2023 06/29/23 | Price Changed | $688,888 | -50.4% | $199 / Sq Ft |
| 06/20/2023 06/20/23 | For Sale | $1,388,888 | -- | $401 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $10,138 | $821,100 | $790,500 | $30,600 |
| 2024 | $10,138 | $805,000 | $775,000 | $30,000 |
| 2023 | $3,035 | $212,972 | $141,985 | $70,987 |
| 2022 | $2,908 | $208,797 | $139,201 | $69,596 |
| 2021 | $2,867 | $204,704 | $136,472 | $68,232 |
| 2020 | $2,889 | $202,606 | $135,073 | $67,533 |
| 2019 | $2,790 | $198,634 | $132,425 | $66,209 |
| 2018 | $2,620 | $194,740 | $129,829 | $64,911 |
| 2016 | $2,491 | $187,181 | $124,789 | $62,392 |
| 2015 | $2,458 | $184,370 | $122,915 | $61,455 |
| 2014 | $2,471 | $180,760 | $120,508 | $60,252 |
Source: Public Records
Agents Affiliated with this Home
-
-
Manish Drona
Buyer's Agent in 2023
Manish Drona
Drona Realty & Mortgages
(805) 233-2366
1 in this area
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: WS23109645
APN: 5210-004-014
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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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