NOT LISTED FOR SALE
6 Beds
5 Baths
4,320 Sq Ft
5,848 Sq Ft Lot

Sale Details

Date Sold: June 19, 2019

Last sale price $990,000 $229 Per Sq Ft

34 Days on Market

Highlights

  • Covered Patio or Porch
  • Balcony
  • 4-minute walk to Hollenbeck Park

About This Home

As of June 2019

This fantastic 5-unit property is located in the booming area of Boyle Heights. Fully occupied, the property has positive cash flow on current rents with a CAP Rate of 5.29%. There are generously sized residences: (4) one-bedroom/one-bath units and (1) two-bedroom/one-bathroom unit. The two-bedroom unit is a separate back house with a parking spot and a private yard. The one-bedroom units are spacious at nearly 850 square feet each. All the units are individually metered for both gas and electric while each unit has its own laundry hook-ups. Boyle Heights is a community on the rise. With a rich cultural history, the area is walkable with many shops, eats and public transport. And it is just a few minutes from Downtown LA, Arts District & Little Tokyo

Last Agent to Sell the Property

Jeremy Kaiser

Compass License #01725819 Listed on: 04/18/2019

Compass

Co-Listed By

Alyse Livingston

Compass License #01968030

Last Buyer's Agent

Daniel Baird

License #01249675

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 5,848

Interior Spaces

  • 4,320 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 1 Open Parking Space
  • 1 Parking Space

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Additional Features

  • 5,848 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 5183-018-005

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

5,848 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4320
  • Stories: 2
  • Year Built: 1913
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 243.06

Exterior Features

  • Tennis Court Y/N: No
  • Patio: Balcony, Covered Porch, Patio Open, Porch - Front
  • Pool: No

Garage/Parking

  • Other Spaces: 1
  • Parking Garage: Uncovered
  • Total Parking: 1

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 350142
  • Assessed Land Value: 169765
  • Assessor Parcel Number: 5183-018-005
  • Geocode Override: No
  • Lot Size Area: 5848

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 13.87
  • Number Of Units: 5
  • Type Of Units: Apartments

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
Apr 18, 2019
Closed on
May 13, 2019
Sold by
Bought by
Seller's Agent
Jeremy Kaiser
Compass
Buyer's Agent
Daniel Baird
List Price
$1,050,000
Sold Price
$990,000
Premium/Discount to List
-$60,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 25, 2013
Closed on
Jun 6, 2013
Sold by
Bought by
Seller's Agent
Norma Ramirez
VIP RE Firm
Buyer's Agent
Jeffrey Birkmeyer
Analog Real Estate, Inc.
List Price
$490,000
Sold Price
$445,000
Premium/Discount to List
-$45,000
-9.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.26%
Original Mortgage
$356,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 19, 2013
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
$356,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 28, 2006
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
$450,000
Interest Rate
6.56%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Boyle Heights, CA

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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
$990,000 First American Title
-- None Available
$490,000 None Available
$500,000 United Title Company-La
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
Open $871,500
Closed $850,000
Previous Owner $356,000
Previous Owner $356,000
Previous Owner $452,000
Previous Owner $450,000
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 Prior Sale
06/19/2019 06/19/19 Sold $990,000 -5.7% $229 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
04/18/2019 04/18/19 For Sale $1,050,000 +136.0% $243 / Sq Ft
06/20/2013 06/20/13 Sold $445,000 -9.2% $103 / Sq Ft View Prior Sale
02/08/2013 02/08/13 Pending -- -- --
01/25/2013 01/25/13 For Sale $490,000 -- $113 / Sq Ft
Source: The MLS

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 $14,174 $1,104,359 $607,955 $496,404
2024 $13,990 $1,082,706 $596,035 $486,671
2023 $13,732 $1,061,478 $584,349 $477,129
2022 $13,121 $1,040,666 $572,892 $467,774
2021 $12,949 $1,020,261 $561,659 $458,602
2020 $13,083 $1,009,800 $555,900 $453,900
2019 $7,316 $540,909 $176,623 $364,286
2018 $7,237 $530,304 $173,160 $357,144
2016 $6,855 $509,714 $166,437 $343,277
2015 $6,765 $502,058 $163,937 $338,121
2014 $6,816 $492,224 $160,726 $331,498
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-455646

The MLS
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