NOT LISTED FOR SALE
7 Beds
7 Baths
3,248 Sq Ft
8,888 Sq Ft Lot

Sale Details

Date Sold: January 30, 2023

Last sale price $1,225,000 $377 Per Sq Ft

45 Days on Market

Highlights

  • Gated Parking
  • Built-In Features
  • Open Patio
  • Front Porch
  • Air Conditioning
  • Bungalow

About This Home

As of January 2023

We are pleased to present a seven (7) unit apartment building located at 2015 East 2nd Street in Los Angeles, California. The subject property is situated in a prime Boyle Heights location, south of 1st Street and west of South Soto Street. Built in 1923, this property contains a streamlined unit mix of seven (7) one-bedroom / one-bathroom units. The large 8,888 square foot lot features bungalow style units with brand new windows and limited on-site parking and Tier 3 TOC development incentives. Additional dedicated street parking can be found along Cummings Street. Four (4) units are detached buildings and three (3) units are attached. The property is gated, secure, and located in a residential pocket just 2.5 miles away from Downtown. Construction and development is happening all around the immediate area, demonstrating the strength of the neighborhood. Tenants will love the quick commute to all parts of Los Angeles with easy access to public transportation less than half a mile away at Soto Station. Private commuters will also appreciate the short driving distance to the -10, -101, -60, and -5 freeways. Outdoor recreation is available just down the street at Hollenbeck Park which features grassy knolls, picnic areas, playgrounds, a skatepark, and a man-made lake. Situated in a prime Boyle Heights location, this offering presents an excellent opportunity for any investor to capitalize on strong rental upside potential on a large 8,888 square foot lot in a major transportation hub for Los Angeles.

Last Agent to Sell the Property

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 10/20/2022

Last Buyer's Agent

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 10/20/2022

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 8,888 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Bungalow

Interior Spaces

  • 3,248 Sq Ft Home
  • 1-Story Property
  • Built-In Features

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Gated Parking
  • On-Street Parking
  • Off-Site Parking

Outdoor Features

  • Open Patio
  • Front Porch

Location

  • City Lot

Utilities

  • Air Conditioning
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 5183-008-007

Community Details

Overview

  • 5 Buildings
  • 7 Units

Building Details

  • Vacancy Allowance $3,064

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

8,888 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Style: Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 3248
  • Lot Acreage: 0.2041
  • Probate: No
  • Stories: 1
  • Year Built: 1923
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 7.00
  • Equipment: Built-Ins
  • Price Per S Q F T: 400.25

Exterior Features

  • Other Structures: None
  • Patio: Patio Open, Porch - Front
  • Paved: Yes
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Other Spaces: 3
  • Parking Garage: Gated, Uncovered, On street, Offsite
  • Total Parking: 3

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 43.48
  • Assessed Improvement Value: 139201
  • Assessed Land Percent: 56.52
  • Assessed Land Value: 180963
  • Total Assessed Value: 320164
  • Assessor Parcel Number: 5183-008-007
  • Lot Description: Single Lot, Sidewalks, Lot Shape-Rectangular
  • Lot Location: City
  • Lot Size Area: 8888

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.73
  • Number Of Units: 7
  • Type Of Units: Market
  • Vacancy Allow: 3064
  • Vacancy Allow Percent: 3.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 22, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
7.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
7.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 1995
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,225,000 Old Republic Title Company
-- Orange Coast Title
$230,000 Orange Coast Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $645,000
Previous Owner $161,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/30/2023 01/30/23 Sold $1,225,000 -5.8% $377 / Sq Ft
12/04/2022 12/04/22 Pending -- -- --
10/20/2022 10/20/22 For Sale $1,300,000 -- $400 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $16,210 $1,274,490 $754,290 $520,200
2024 $16,026 $1,249,500 $739,500 $510,000
2023 $4,953 $326,567 $184,582 $141,985
2022 $4,760 $320,164 $180,963 $139,201
2021 $4,693 $313,887 $177,415 $136,472
2020 $4,727 $310,669 $175,596 $135,073
2019 $4,576 $304,578 $172,153 $132,425
2018 $4,437 $298,607 $168,778 $129,829
2016 $4,188 $287,014 $162,225 $124,789
2015 $4,137 $282,704 $159,789 $122,915
2014 $4,198 $277,167 $156,659 $120,508
Source: Public Records

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Map

Source: The MLS

MLS Number: 22-210843

The MLS
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