NOT LISTED FOR SALE

Estimated Value: $5,626,268

3 Beds
3 Baths
12,352 Sq Ft
$455/Sq Ft Est. Value

Sale Details

Date Sold: September 27, 2017

Last sale price $3,750,000 $304 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $34,774 / mo

43 Days on Market

About This Home

As of September 2017

Major price reduction! Seller is motivated-bring all offers! Historic Mixed-Use Gem in Boyle Heights. Welcome to The Vinograd, a reimagined 1920s hotel turned character-filled mixed-use building in the heart of Boyle Heights, just east of Downtown LA. This 30-unit property includes 27 residential studios, 1- and 2-bedrooms and 3 street-facing commercial spaces with prime Cesar Chavez Avenue frontage. Select residential units come fully furnished, giving a mix of classic charm and updated finishes. The commercial spaces are ideal for retail or creative office use, benefiting from high visibility, steady foot traffic, and built-in residential clientele. Set in a culturally rich neighborhood near Mariachi Plaza, the Arts District, and local favorites like Guisados, The Vinograd offers strong connectivity via Metro E Line and nearby public transit. A rare blend of history, community, and opportunity. Current GRM is an incredible 8.0 GRM with a cap rate of 7.5%.

Last Agent to Sell the Property

Logan Altman

Altman Apartments LLC License #01965826 Listed on: 06/07/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 7,500 Sq Ft Lot
  • No Common Walls
  • Density is over 40 Units/Acre

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 12,352 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 003
  • Tax Tract Number 14
  • Assessor Parcel Number 5175014003

Community Details

Overview

  • 30 Units

Building Details

  • 30 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Cable TV Expense $6,300
  • Electric Expense $24,058
  • Fuel Expense $3,243
  • Insurance Expense $8,716
  • Maintenance Expense $18,900
  • Pest Control $900
  • Professional Management Expense $17,337
  • Trash Expense $5,386
  • New Taxes Expense $49,138
  • Operating Expense $136,477
  • Gross Income $346,741
  • Net Operating Income $210,264

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 17337.00
  • Property Attached: No
  • Zoning: LAC2
  • Property Type: Residential Income
  • Parcel Number: 5175014003
  • Year Built: 1927
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 303.59

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Trash Expense: 5386.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Over 40 Units/Acre
  • Lot Size Sq Ft: 7500.00

Multi Family

  • Average1 Bed Area: 535 Square Feet
  • Average2 Bed Area: 565 Square Feet
  • Average Studio Area: 244 Square Feet
  • Cable TV Expense: 6300.00
  • Electric Expense: 24058.00
  • Fuel Expense: 3243.00
  • Gross Income: 346741.00
  • Gross Scheduled Income: 377622.00
  • Insurance Expense: 8716.00
  • Maintenance Expense: 18900.00
  • Net Operating Income: 210264.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 30
  • Number Of Units Total: 30
  • Operating Expense: 136477.00
  • Rent Control: Yes
  • Total Actual Rent: 31468.50
  • Total Expenses: 136477.00

Tax Info

  • New Taxes Expense: 49138.00
  • Tax Census Tract: 2036.00
  • Tax Lot: 003
  • Tax Tract Number: 014

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

Listed on
Jun 7, 2017
Closed on
Nov 17, 2017
Sold by
Bought by
Seller's Agent
Logan Altman
Altman Apartments LLC
List Price
$3,950,000
Sold Price
$3,750,000
Premium/Discount to List
-$200,000
-5.06%
Current Estimated Value
$5,626,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,876,268

Purchase Details

Listed on
Jun 7, 2017
Closed on
Sep 22, 2017
Sold by
Bought by
Seller's Agent
Logan Altman
Altman Apartments LLC
List Price
$3,950,000
Sold Price
$3,750,000
Premium/Discount to List
-$200,000
-5.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,350,000
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 7, 2017
Closed on
Sep 7, 2017
Sold by
Bought by
Seller's Agent
Logan Altman
Altman Apartments LLC
List Price
$3,950,000
Sold Price
$3,750,000
Premium/Discount to List
-$200,000
-5.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,350,000
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,661,000
Interest Rate
3.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 10, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 5, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,228,000
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,603
Interest Rate
6.86%
Mortgage Type
Commercial
Source: Public Records
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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
-- None Available
-- Old Republic Title Company
$3,750,000 Old Republic Title Company
$2,215,000 Provident Title Company
-- None Available
$1,700,000 Provident Title Company
-- None Available
-- United Title Company La
$697,000 Chicago Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $2,350,000
Previous Owner $1,661,000
Previous Owner $1,250,000
Previous Owner $1,228,000
Previous Owner $532,603
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
05/01/2026 05/01/26 Price Changed $3,650,000 -3.8% $295 / Sq Ft
01/12/2026 01/12/26 For Sale $3,795,000 +1.2% $307 / Sq Ft
09/27/2017 09/27/17 Sold $3,750,000 -5.1% $304 / Sq Ft
07/20/2017 07/20/17 Pending -- -- --
06/07/2017 06/07/17 For Sale $3,950,000 -- $320 / 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 $52,620 $4,266,855 $853,369 $3,413,486
2024 $51,952 $4,183,192 $836,637 $3,346,555
2023 $50,956 $4,101,170 $820,233 $3,280,937
2022 $48,612 $4,020,755 $804,150 $3,216,605
2021 $47,981 $3,941,918 $788,383 $3,153,535
2019 $46,558 $3,825,000 $765,000 $3,060,000
2018 $46,336 $3,750,000 $750,000 $3,000,000
2017 $28,791 $2,293,753 $1,164,999 $1,128,754
2016 $28,043 $2,248,778 $1,142,156 $1,106,622
2015 $23,471 $1,865,000 $850,000 $1,015,000
2014 -- $1,670,000 $760,000 $910,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17127823

California Regional Multiple Listing Service (CRMLS)

APN: 5175-014-003

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