NOT LISTED FOR SALE

2009 Bailey St Los Angeles, CA 90033

Estimated Value: $506,000 - $540,000

2 Beds
2 Baths
1,820 Sq Ft
$289/Sq Ft Est. Value

Last Sold December 03, 2021

Last sale price $500,000 $275 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,528/month

5 Days on Market

Highlights

  • Gated Parking
  • Wood Flooring
  • Double Door Entry
  • Felicitas and Gonzalo Mendez High Rated A-
  • No HOA
  • Two Homes on a Lot

About This Home

As of December 2021

Multi-Family Duplex Residence in Boyle Heights 2007-2009 Bailey St. Los Angeles, CA 90033 APN: 5175-026-005 List Price: $546,000 Lot Sqft: 5922 Building SqFt: 1820 Year Established: 1922 2 units on lot. ($273k/unit- not sold separately) Left-side duplex is rented by one family. Right-side duplex is rented individually per room, one room vacant. LARGE basement underneath each unit of duplex. Basement can be converted into ADU. Fix & Flip ***Unique investment opportunity to convert basement. Can be utilized for personal use by owner/converted to income-producing Airbnb + VRBO units/Additional Dwelling Unit*** BUYER TO INVESTIGATE AND CONFIRM ALL POSSIBILITIES. GET CREATIVE with the basement living space. Use it as you wish and at your convenience. Come and go as you please with your own secured entrance into the private basement area. Property will be sold as-is and tenant-occupied. One long hallway leads to each room until arriving at the kitchen. Passing the kitchen, the hallways reach the bathroom at the very end of the hall. Pictures of vacant unit on right-side duplex are included. Rooms are similar in size and layout. Large parking lot behind the building has several parking spots on the lot. Large lot behind the building, lots of potential for the space. Building is in Boyle Heights and has unprecedented potential in this up-and-coming neighborhood area. Next to several hospitals: Keck School of Medicine, LAC + USC Medical Center, Adventist Health White Memorial, Los Angeles Veterinary Center, & Los Angeles City Fire Department. Next to several parks: Hazard Recreation Center, Lincoln Park, Ascot Hills Park, Ernest E. Debs Regional Park, Elysian Park, Dodger's Stadium, Hollenbeck Park Community Center. Next to shopping centers, restaurants, local and family-owned businesses, walking streets, biking lanes, supermarkets, convenience stores, gas stations, and banks. Adjacent to the main freeways with easy access to Downtown Los Angeles and several other locations easy to commute to. Come see it for yourself today! Tenants are cooperative with showings with 24-hour notices. Please contact listing agent to schedule a showing.

Last Agent to Sell the Property

Lucia Mautino

Maximum Realty & Property Mgn. License #02130945 Listed on: 08/20/2021

Co-Listed By

Dennis Smith

Maximum Realty & Property Mgn. License #01295816

Last Buyer's Agent

Felipe Alvarez

Vylla Home, Inc. License #01213601

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,644

Year Built

  • Built in 1922

Lot Details

  • 5,923 Sq Ft Lot
  • 1 Common Wall
  • South Facing Home
  • Front Yard

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Fixer Upper

Interior Spaces

  • 1,820 Sq Ft Home
  • 2-Story Property
  • Double Door Entry
  • Basement

Flooring

  • Wood
  • Laminate
  • Tile

Parking

  • Parking Available
  • Gated Parking
  • Guest Parking
  • Parking Lot
  • Unassigned Parking

Additional Homes

  • Two Homes on a Lot

Listing and Financial Details

  • Assessor Parcel Number 5175026005

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Not Applicable 105 Subdivision

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,644

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Assessments: No
  • Price Per Unit: 250000
  • Property Attached: Yes
  • View: No
  • Zoning: LAR2
  • Property Condition: Fixer, Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 5175026005
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Ground Level w/Steps,Other
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood, Laminate
  • Door Features: Double Door Entry
  • Levels: One, Two
  • Price Per Square Foot: 274.73
  • Room Type: Basement

Exterior Features

  • Direction Faces: South
  • Other Structures: Two On A Lot
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Gated, Parking Space, Guest, Unassigned

Condo/Co-op/Association

  • Association: No

Lot Info

  • Land Lease: No
  • Land Lease Amount Frequency: Monthly
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 5923.00
  • Lot Size Acres: 0.1360

Multi Family

  • Average1 Bed Area: 180
  • Lot Size Area: 5923.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2024
Sold by
Prestige Default Services Llc
Bought by
Homeexpress Mortgage Corporation
Current Estimated Value
$545,814

Purchase Details

Closed on
Nov 25, 2024
Sold by
Prestige Default Services Llc
Bought by
Iof Iii Trust and Wilmington Savings Fund Society Fsb

Purchase Details

Closed on
May 29, 2022
Sold by
High Point Holdings Limited Liability Co
Bought by
High Point Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.11%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 20, 2021
Closed on
Nov 24, 2021
Sold by
Amdiak Llc
Bought by
High Point Holdings Llc
Seller's Agent
Lucia Mautino
Maximum Realty & Property Mgn.
Buyer's Agent
Felipe Alvarez
Vylla Home, Inc.
List Price
$546,000
Sold Price
$500,000
Premium/Discount to List
-$46,000
-8.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.63%

Purchase Details

Closed on
Sep 18, 2019
Sold by
84 Street And Bailey Llc
Bought by
Amdiak Llc

Purchase Details

Closed on
Sep 14, 2018
Sold by
Moses Artoor
Bought by
84 Street And Bailey Llc

Purchase Details

Closed on
Feb 14, 2018
Sold by
Darabedyan Araks
Bought by
Moses Artoor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2015
Sold by
Bank Of New York Mellon
Bought by
Amdiak Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
4.05%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 30, 2014
Sold by
Rios Juan F
Bought by
Bank Of New York Menon and The Bank Of New York

Purchase Details

Closed on
Oct 1, 2004
Sold by
Montano Richard
Bought by
Rios Juan F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,400
Interest Rate
7.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 14, 2003
Sold by
Fierros Ampelia
Bought by
Montano Richard

Purchase Details

Closed on
Apr 27, 1998
Sold by
California Federal Bank
Bought by
Fierros Ampelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,001
Interest Rate
5.55%

Purchase Details

Closed on
Jan 21, 1998
Sold by
Ruiz David
Bought by
California Federal Bank Fsb
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
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
Iof Iii Trust $537,482 None Listed On Document
Iof Iii Trust $537,482 None Listed On Document
High Point Holdings Llc $500,000 First American Title Company
Amdiak Llc -- None Available
84 Street And Bailey Llc -- None Available
Moses Artoor -- None Available
Moses Artoor -- None Available
Amdiak Llc $245,000 Servicelink Title Company
Bank Of New York Menon $249,538 Stewart Title
Rios Juan F $306,000 Orange Coast Title Company L
Montano Richard -- Fidelity
Montano Richard -- Fidelity
Fierros Ampelia $99,000 First American Title Co
California Federal Bank Fsb $119,700 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner High Point Holdings Llc $573,648
Previous Owner High Point Holdings Limited Li $520,000
Previous Owner Moses Artoor $204,000
Previous Owner Amdiak Llc $196,000
Previous Owner Rios Juan F $31,500
Previous Owner Rios Juan F $332,000
Previous Owner Rios Juan F $41,500
Previous Owner Rios Juan F $275,400
Previous Owner Montano Richard $91,000
Previous Owner Fierros Ampelia $89,001
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2021 12/03/21 Sold $500,000 -8.4% $275 / Sq Ft
09/01/2021 09/01/21 For Sale $546,000 0.0% $300 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
08/20/2021 08/20/21 For Sale $546,000 -- $300 / 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 $6,644 $771,000 $441,000 $330,000
2024 $6,644 $520,200 $364,140 $156,060
2023 $6,520 $510,000 $357,000 $153,000
2022 $6,225 $500,000 $350,000 $150,000
2021 $6,843 $549,635 $347,563 $202,072
2020 $6,733 $529,380 $325,380 $204,000
2019 $6,597 $529,380 $325,380 $204,000
2018 $5,105 $406,795 $204,958 $201,837
2016 $4,869 $391,000 $197,000 $194,000
2015 $5,239 $422,000 $300,000 $122,000
2014 $4,465 $347,945 $200,125 $147,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320007336

California Regional Multiple Listing Service (CRMLS)

APN: 5175-026-005