NOT LISTED FOR SALE

2024 8th Ave Los Angeles, CA 90018

Arlington Heights Neighborhood

Estimated Value: $819,872 - $900,000

3 Beds
3 Baths
2,812 Sq Ft
$302/Sq Ft Est. Value

Last Sold October 03, 2024

Last sale price $810,000 $288 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,587/month

157 Days on Market

Highlights

  • Property is Fully Fenced
  • Wood Siding
  • 1-Story Property
  • Level Lot

About This Home

As of October 2024

INVESTOR DELIGHT! Looking for a great project with upside potential? This charming Craftsman style Triplex presents a total of 3 units. Each units has 1BR/1BA. Long term tenants pay their own gas bill while owner pays electric and water. The tenants in the front park in the attached garage in the rear and the rear tenants park in the driveway. DO NOT DISTURB TENANTS. Send all offers to rickman.angela4@gmail.com. This property is in close proximity to Exposition & Crenshaw Line to LAX, the 10 and 110 freeways, USC, Johnny's West Adams, Harold & Belle's, Highly Likely, Party Beer Co. and other ultra-hot neighborhood hubs.

Last Agent to Sell the Property

Angela Rickman

Coldwell Banker West License #01904016 Listed on: 03/12/2024

Coldwell Banker West

Last Buyer's Agent

Angela Rickman

Coldwell Banker West License #01904016 Listed on: 03/12/2024

Coldwell Banker West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,078

Year Built

  • Built in 1912

Lot Details

  • 7,502 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot
  • Irrigation

Home Design

  • Wood Siding

Interior Spaces

  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Separate Water Meter

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 5060-018-015

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $21,022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,078

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Cross Street: Washington Blvd.
  • Neighborhood: West Arlington Heights
  • Stories: 1 Story
  • Sale Price List Price: 0.9
  • Total Stories: 1
  • Year Built: 1912
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Full

Utilities

  • Cooling: Wall/Window
  • Water: Meter on Property

Condo/Co-op/Association

  • Complex Name: unknown

Lot Info

  • Irrigation: Manual
  • Lot Size: 7,500-10,889 SF
  • Topography: Level
  • Assessor Parcel Number: 5060-018-015
  • Estimated Lot Sq Ft: 7502

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 21022
  • Gross Rent Multiplier Actual: 31.25
  • Number Of Buildings: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 1
  • Other Income Actual: 150

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2024
Closed on
Aug 27, 2024
Sold by
Lewis Ivy B and Lewis Derek L
Bought by
Chavarria Kelly
Seller's Agent
Angela Rickman
Coldwell Banker West
Buyer's Agent
Angela Rickman
Coldwell Banker West
List Price
$899,000
Sold Price
$810,000
Premium/Discount to List
-$89,000
-9.9%
Views
35
Current Estimated Value
$848,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,218
Avg. Annual Appreciation
4.72%
Original Mortgage
$310,000
Outstanding Balance
$306,509
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$541,709

Purchase Details

Listed on
Mar 12, 2024
Closed on
Aug 14, 2024
Sold by
Lewis Arthur A and Lew Dorothy
Bought by
Lewis Ivy B and Lewis Derek L
Seller's Agent
Angela Rickman
Coldwell Banker West
Buyer's Agent
Angela Rickman
Coldwell Banker West
List Price
$899,000
Sold Price
$810,000
Premium/Discount to List
-$89,000
-9.9%
Views
35

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Outstanding Balance
$306,509
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$541,709

Purchase Details

Closed on
Jan 31, 2023
Sold by
Lewis Arthur A and Lew Dorothy
Bought by
Lewis Ivy B and Lewis Derek L

Purchase Details

Closed on
Sep 21, 2015
Sold by
Lewis Arthur A
Bought by
Lewis Arthur A Lewis and Lewis Dorothy Elizabeth
Source: Public Records

Range of Values:

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Average Value
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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
Chavarria Kelly $810,000 Ticor Title
Lewis Ivy B -- Ticor Title
Lewis Ivy B -- None Listed On Document
Lewis Arthur A Lewis -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavarria Kelly $310,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2024 10/03/24 Sold $810,000 -9.9% $288 / Sq Ft
08/17/2024 08/17/24 Pending -- -- --
07/31/2024 07/31/24 For Sale $899,000 +11.0% $320 / Sq Ft
03/16/2024 03/16/24 Off Market $810,000 -- --
03/12/2024 03/12/24 For Sale $949,000 -- $337 / Sq Ft
Source: San Diego MLS

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 $1,078 $810,000 $650,000 $160,000
2024 $1,078 $46,084 $30,255 $15,829
2023 $1,070 $45,181 $29,662 $15,519
2022 $1,043 $44,296 $29,081 $15,215
2021 $1,013 $43,428 $28,511 $14,917
2020 $1,015 $42,984 $28,219 $14,765
2019 $995 $42,142 $27,666 $14,476
2018 $856 $41,317 $27,124 $14,193
2016 $795 $39,715 $26,072 $13,643
2015 $789 $39,120 $25,681 $13,439
2014 $816 $38,354 $25,178 $13,176
Source: Public Records

Agents Affiliated with this Home

  • Angela Rickman

    Seller's Agent in 2024

    Angela Rickman

    Coldwell Banker West

    (858) 999-6341

    1 in this area

    16 Total Sales

    Angela Rickman
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Map

Source: San Diego MLS

MLS Number: 240005350

San Diego MLS

APN: 5060-018-015

California Los Angeles County Los Angeles 90018 Arlington Heights

2024 8th Ave, Los Angeles, CA

This home is located at 2024 8th Ave, Los Angeles, CA 90018 since 12 March 2024 and is currently estimated at $848,218, approximately $301 per square foot. This property was built in 1912. 2024 8th Ave is a home located in Los Angeles County with nearby schools including Arlington Heights Elementary School, Johnnie L. Cochran Jr. Middle School, and Los Angeles Senior High School.

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