$960,000
SOLD DEC 11, 2024

2016 Pennsylvania Ave Los Angeles, CA 90033

10 Beds
5 Baths
6,022 Sq Ft
7,006 Sq Ft Lot

Recently Sold

$159 Per Sq Ft

31% Below List Price

422 Days on Market

About This Home

As of December 2024

An opportunity of a lifetime to own an Income property in this 241-year-old historical Los Angeles community. This 5- unit 2 bedrooms 1 bath each. With 4 parking spaces with washer and dryer hook ups each unit is 1200 of living space. Easy accesses to major freeway's such as the 5 and 10 and 101.Boyle Heights mix of history and trendy coffee shops, Restaurants, art and music creates a high demand for renter's desire to live with the community being 75% of residence are renters. Schools Breed st elementary, Hollenbeck middle and Rosevelt High school are within walking distance as are major parks Ross Valencia community park and historical Hollenbeck Park. The signs of gentrification are clear as new development and companies moving into the area.

Last Agent to Sell the Property

Amparo Gastelum

Max Real Estate Brokerage Email: realtoramparo@hotmail.com License #01701696 Listed on: 08/25/2023

Last Buyer's Agent

Ruben Sanchez

SOURCE REALTY GROUP License #02006975

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 7,006 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 6,022 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Tax Lot 2044
  • Tax Tract Number 69
  • Assessor Parcel Number 5183007009
  • $4,370 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $900
  • Insurance Expense $3,470
  • Trash Expense $2,574
  • Operating Expense $7,000
  • Gross Income $70,580
  • Net Operating Income $70,580

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 200000
  • Property Attached: Yes
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5183007009
  • Year Built: 1927
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: street
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 159.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 2574.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7006.00
  • Lot Size Acres: 0.1608

Multi Family

  • Average2 Bed Area: 1200 Square Feet
  • Electric Expense: 900.00
  • Gross Income: 70580.00
  • Gross Scheduled Income: 70580.00
  • Insurance Expense: 3470.00
  • Lot Size Area: 7006.0000 Square Feet
  • Net Operating Income: 70580.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 7000.00
  • Rent Control: Yes
  • Total Expenses: 7000.00

Tax Info

  • Tax Lot: 2044
  • Tax Tract Number: 69
  • TaxOtherAnnualAssessmentAmount: 4370.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2024 12/11/24 Sold $960,000 -4.0% $159 / Sq Ft
10/20/2024 10/20/24 Pending -- -- --
10/07/2024 10/07/24 Price Changed $1,000,000 -9.1% $166 / Sq Ft
08/13/2024 08/13/24 Price Changed $1,100,000 -10.2% $183 / Sq Ft
07/01/2024 07/01/24 Price Changed $1,225,000 -2.0% $203 / Sq Ft
05/31/2024 05/31/24 Price Changed $1,250,000 -3.8% $208 / Sq Ft
02/02/2024 02/02/24 Price Changed $1,300,000 -6.8% $216 / Sq Ft
08/25/2023 08/25/23 For Sale $1,395,000 -- $232 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Amparo Gastelum

    Seller's Agent in 2024

    Amparo Gastelum

    Max Real Estate

    (562) 842-7149

    3 in this area

    29 Total Sales

    Amparo Gastelum
    Section Image
  • Ruben Sanchez

    Buyer's Agent in 2024

    Ruben Sanchez

    SOURCE REALTY GROUP

    (323) 240-4433

    1 in this area

    26 Total Sales

    Ruben Sanchez
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23159633

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90033

2016 Pennsylvania Ave, Los Angeles, CA

This home is located at 2016 Pennsylvania Ave, Los Angeles, CA 90033 and is currently priced at $960,000, approximately $159 per square foot. This property was built in 1927. 2016 Pennsylvania Ave is a home located in Los Angeles County with nearby schools including Second Street Elementary School, Hollenbeck Middle School, and Theodore Roosevelt High School.

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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