2022 E 2nd St Los Angeles, CA 90033
Highlights
- Property is near public transit
- French Architecture
- Cooling System Mounted To A Wall/Window
- Felicitas and Gonzalo Mendez High Rated A-
- No HOA
- Laundry Room
About This Home
As of November 2024A touch of French architecture in great Boyle Heights location with close proximity to bus line on 4th and Cummings and two light rail locations - Mariachi Plaza and Soto Street. Nearby to Hollenbeck Park which hosts a number of sports and fitness programs, cultural programs, barbecue pits, picnic spots, public bathrooms, and a skate park. Property has alley access to rear parking and is fully gated. There is parking easily for 8 cars on the property (four open spaces and four covered spaces) and more if small cars doubled up. Lots of room for bicycles and motorcycles. Easy access to 10/60/5/110, and 101 Freeways. Each unit is 2 bedroom and 2 bathrooms. Separate gas and electric metering paid by tenants. There is a common laundry room on ground floor. Property is relatively newer for Los Angeles and is clean and well maintained. All units occupied. Below market rents represents large upside potential for a new owner. Property is close to White Memorial Hospital, Little Tokyo, The Arts District, USC Health Campus, DTLA, and many more things the great City of Los Angeles has to offer. Manager resides in the $600/mo unit explaining why that rent is low. Each unit has two bath rooms - one full bath and one half bath. Property has had soft story retrofit completed and signed off by the city. Please don't hesitate to call and ask questions.
Last Agent to Sell the Property
Re/Max Premier Prop SanMarino Brokerage Phone: 951-741-0002 License #01193598 Listed on: 07/08/2024
Co-Listed By
RE/MAX PREMIER/SANMARINO Brokerage Phone: 951-741-0002 License #00913919
Last Buyer's Agent
Re/Max Premier Prop SanMarino Brokerage Phone: 951-741-0002 License #01193598 Listed on: 07/08/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968
Lot Details
- 7,425 Sq Ft Lot
- Two or More Common Walls
- Wrought Iron Fence
- Fence is in good condition
- Level Lot
Home Design
- French Architecture
- Apartment
Interior Spaces
- 7,000 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Bathrooms
Parking
- 4 Open Parking Spaces
- 8 Parking Spaces
- 4 Carport Spaces
- Parking Available
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Septic Type Unknown
Additional Features
- Rain Gutters
- Property is near public transit
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 4,6 / D
- Assessor Parcel Number 5183011024
- $1,267 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 8 Units
Amenities
- Laundry Facilities
Building Details
- 8 Leased Units
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,140
- Fuel Expense $2,094
- Insurance Expense $9,000
- Maintenance Expense $1,000
- Water Sewer Expense $4,320
- New Taxes Expense $14,938
- Operating Expense $32,492
- Gross Income $91,558
- Net Operating Income $59,066
Similar Homes in Los Angeles, CA
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/07/2024 11/07/24 | Sold | $1,050,000 | -12.1% | $150 / Sq Ft |
| 10/07/2024 10/07/24 | Price Changed | $1,195,000 | -7.7% | $171 / Sq Ft |
| 09/09/2024 09/09/24 | Price Changed | $1,295,000 | -7.2% | $185 / Sq Ft |
| 08/13/2024 08/13/24 | Price Changed | $1,395,000 | -6.7% | $199 / Sq Ft |
| 07/24/2024 07/24/24 | Price Changed | $1,495,000 | -6.3% | $214 / Sq Ft |
| 07/08/2024 07/08/24 | For Sale | $1,595,000 | -- | $228 / Sq Ft |
Tax History Compared to Growth
Agents Affiliated with this Home
-
Andrew Loeffler
Seller's Agent in 2024
Andrew Loeffler
RE/MAX
(951) 741-0002
2 in this area
45 Total Sales
-
Peter Loeffler
Seller Co-Listing Agent in 2024
Peter Loeffler
RE/MAX
1 in this area
42 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR24135453
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