NOT LISTED FOR SALE

2018 E 3rd St Los Angeles, CA 90033

Boyle Heights Neighborhood

Estimated Value: $1,328,000 - $1,535,350

3 Beds
2 Baths
5,574 Sq Ft
$257/Sq Ft Est. Value

Sale Details

Date Sold: September 9, 2022

Last sale price $1,400,000 $251 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $9,227 / mo

133 Days on Market

About This Home

As of September 2022

Investment Highlights
• Prime 7-unit Value-Add opportunity located in Boyle Heights near retail corridors on East Cesar E. Chavez Avenue and Soto Street in very close proximity to the 5, 10, 60, and 101 Freeways.
• Strong scheduled CAP Rate of Approx. 5% with significant rental upside. (Call for Details)
• Located in a culturally vibrant pocket of Boyle Heights just minutes from the Arts District near new apartment developments within 90033.
• No units have been extensively upgraded. (Value-Add potential to be realized through renovations).

Property Highlights
• Desirable unit mix of 5 1B/1B units and 2 2B/1B units.
• All units have an in-unit laundry hookup.
• No units have been extensively upgraded. (Value-Add potential to be realized through renovations).
• Separately metered for gas and electricity.
• Potential to add one gated surface parking space. (Buyer to Verify)

Last Agent to Sell the Property

Evan Monroe

Growth Investment Group Pasade License #02135116 Listed on: 02/18/2022

Last Buyer's Agent

Evan Monroe

Growth Investment Group Pasade License #02135116 Listed on: 02/18/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1904

Lot Details

  • 6,303 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • 5,574 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry in unit
  • Urban Location
  • Septic Type Unknown

Listing and Financial Details

  • Assessor Parcel Number 5183012023

Community Details

Overview

  • 2 Buildings
  • 7 Units

Recreation

  • Park

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $105,696
  • Net Operating Income $72,176

Property Details

Home Type

Multi-Family

Year Built

Built in 1904

Lot Details

6,303 Sq Ft Lot

Listing Details

  • CapRate: 4.99
  • Property Attached: Yes
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5183012023
  • Year Built: 1904
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 251.17

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6303.00
  • Lot Size Acres: 0.1447
  • Latitude Manual: 34.04326200

Multi Family

  • Gross Income: 105696.00
  • Gross Scheduled Income: 105696.00
  • Lot Size Area: 6303.0000 Square Feet
  • Net Operating Income: 72176.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 31877.00
  • Rent Control: Yes

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
Apr 27, 2022
Sold by
Bought by
Current Estimated Value
$1,431,675

Purchase Details

Closed on
Nov 15, 2021
Sold by
Bought by

Purchase Details

Closed on
Aug 27, 2021
Sold by
Bought by

Purchase Details

Closed on
Aug 5, 2021
Sold by
Bought by

Purchase Details

Closed on
Dec 3, 2019
Sold by
Bought by

Purchase Details

Closed on
Dec 12, 2001
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
-- Stephen K Hall & Associates
-- None Listed On Document
-- Stephen K Hall & Associates
-- None Listed On Document
-- None Listed On Document
-- None Listed On Document
-- None Listed On Document
-- None Listed On Document
-- None Listed On Document
-- None Available
-- None Available
-- --
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
09/09/2022 09/09/22 Sold $1,400,000 -3.4% $251 / Sq Ft
07/01/2022 07/01/22 Pending -- -- --
06/14/2022 06/14/22 Price Changed $1,450,000 -8.2% $260 / Sq Ft
02/18/2022 02/18/22 For Sale $1,580,000 -- $283 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $18,463 $1,456,560 $832,320 $624,240
2024 $18,206 $1,428,000 $816,000 $612,000
2023 $17,866 $1,400,000 $800,000 $600,000
2022 $1,841 $66,708 $26,080 $40,628
2021 $1,790 $65,401 $25,569 $39,832
2020 $1,803 $64,731 $25,307 $39,424
2019 $1,771 $63,462 $24,811 $38,651
2018 $1,684 $62,219 $24,325 $37,894
2016 $1,519 $59,805 $23,382 $36,423
2015 $1,509 $58,907 $23,031 $35,876
2014 $1,562 $57,754 $22,580 $35,174
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2022

    Evan Monroe

    Growth Investment Group Pasade

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR22032824

California Regional Multiple Listing Service (CRMLS)

APN: 5183-012-023

California Los Angeles County Los Angeles 90033 Boyle Heights

2018 E 3rd St, Los Angeles, CA

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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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