NOT LISTED FOR SALE

2031 Sichel St Los Angeles, CA 90031

Lincoln Heights Neighborhood
12 Beds
8 Baths
5,368 Sq Ft
9,074 Sq Ft Lot

Last Sold May 21, 2021

Last sale price $1,856,000 $346 Per Sq Ft

49 Days on Market

Highlights

  • Laundry Facilities
  • Gated Home
  • Carpet
  • Abraham Lincoln High School Rated A

About This Home

As of May 2021

100% occupied and well maintained apartment building with below market rents. Huge upside potential!!! Great mixture of 4-2bed/1bath & 4-1bed/1bath units and coin operated laundry room for Landlord's extra income. 8 individually assigned parking in rear. Conveniently located in the close vicinity of USC medical center, CSLA and Downtown LA; easy access to FWY 5, 10 & 110. Three units had been recently remodeled and upgraded.

Last Agent to Sell the Property

Ellie YeoLim Ahn

Ellie Ahn License #01433079 Listed on: 03/01/2021

Last Buyer's Agent

Kelly Chong

Dream Realty & Investments Inc License #01273557

Dream Realty & Investments Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 9,074 Sq Ft Lot
  • Gated Home

Home Design

  • Split Level Home

Interior Spaces

  • 5,368 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Driveway
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Central Water Heater

Community Details

  • 8 Units
  • Laundry Facilities

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 5210-010-027
  • $6,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 5368
  • Lot Acreage: 0.2083
  • Probate: No
  • Stories: 2
  • Year Built: 1965
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate
  • Bedrooms: 12
  • Common Walls: Attached
  • Laundry: Community
  • Laundry Equipment: Own
  • Total Bathrooms: 8.00
  • Equipment: Dryer, Washer
  • Price Per S Q F T: 345.00

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 8
  • Parking Garage: Driveway, Assigned, Uncovered
  • Total Parking: 8

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Security: Gated, Fire Sprinklers, Smoke Detector, Carbon Monoxide Detector(s)
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 30.00
  • Assessed Improvement Value: 336600
  • Assessed Land Percent: 70
  • Assessed Land Value: 785400
  • Total Assessed Value: 1122000
  • Assessor Parcel Number: 5210-010-027
  • Lot Size Area: 9074

Rental Info

  • Total Actual Rent: 120793.32
  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 15.12
  • Number Of Units: 8
  • Total Annual Expense: 44827.8
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $1,856,000 0.0% $346 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $1,856,000 +29.8% $346 / Sq Ft
01/15/2018 01/15/18 Sold $1,430,000 -2.6% $266 / Sq Ft
11/12/2017 11/12/17 Pending -- -- --
10/15/2017 10/15/17 For Sale $1,468,000 +33.5% $273 / Sq Ft
05/04/2016 05/04/16 Sold $1,100,000 0.0% $205 / Sq Ft
02/12/2016 02/12/16 Pending -- -- --
02/05/2016 02/05/16 For Sale $1,100,000 -- $205 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2021

    Ellie YeoLim Ahn

    Ellie Ahn

    Section Image
  • Kelly Chong

    Buyer's Agent in 2021

    Kelly Chong

    Dream Realty & Investments Inc

    (213) 500-4803

    1 in this area

    30 Total Sales

    Kelly Chong
    Section Image

  • A

    Seller's Agent in 2018

    Ali Hijazi

    Century 21 A Better Service

    Section Image

  • S

    Seller's Agent in 2016

    Silvestre Madrigal

    Express Realty & Investments

See All Agents

Map

Source: The MLS

MLS Number: 21-699218

The MLS
California Los Angeles County Los Angeles 90031 Lincoln Heights

2031 Sichel St, Los Angeles, CA

This home is located at 2031 Sichel St, Los Angeles, CA 90031 since 01 March 2021. This property was built in 1965. 2031 Sichel St is a home located in Los Angeles County with nearby schools including Griffin Avenue Elementary School, Florence Nightingale Middle, and Abraham Lincoln High School.

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