NOT LISTED FOR SALE

2205 Sichel St Los Angeles, CA 90031

Lincoln Heights Neighborhood
1 Bed
2 Baths
5,620 Sq Ft
9,075 Sq Ft Lot

Last Sold April 12, 2019

Last sale price $1,375,000 $245 Per Sq Ft

50 Days on Market

Highlights

  • Wood Flooring
  • Wall Furnace
  • Front Yard
  • Abraham Lincoln High School Rated A

About This Home

As of April 2019

Great location. 10 units in 3 buildings next to the highly rated Sacred Heart Church and Catholic School. Recent paint individual meters. Close to all services. Long term tenants

Last Agent to Sell the Property

Steve Gamez

P.R.S. Properties License #00586247 Listed on: 01/06/2019

Last Buyer's Agent

Daniel Baird

License #01881602

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1914

Lot Details

  • 9,075 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard
  • Density is 36-40 Units/Acre

Home Design

  • Property Attached
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,620 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Standard Electricity
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Tax Lot 16
  • Assessor Parcel Number 5204017020

Community Details

Overview

  • 3 Buildings
  • 10 Units

Building Details

  • Rent Control
  • 11 Separate Electric Meters
  • 1 Separate Water Meter
  • Gardener Expense $720
  • Insurance Expense $4,377
  • Other Expense $380
  • Pest Control $2,220
  • Trash Expense $3,569
  • Water Sewer Expense $4,585
  • New Taxes Expense $15,588
  • Operating Expense $31,439
  • Net Operating Income $47,485

Property Details

Home Type

Multi-Family

Year Built

Built in 1914

Lot Details

0

Listing Details

  • CapRate: 3.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 4585.00
  • Zoning: LARD3
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 5204017020
  • Year Built: 1914
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Wood
  • Levels: Two
  • Price Per Square Foot: 244.66

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Utilities

  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Pest Control Expense: 2220.00
  • Sewer: Sewer Paid
  • Trash Expense: 3569.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre, Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 9075.00
  • Lot Size Acres: 0.2083

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Multiplier: 18.88
  • Gross Scheduled Income: 78924.00
  • Insurance Expense: 4377.00
  • Lot Size Area: 9075.0000 Square Feet
  • Net Operating Income: 47485.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 31439.00
  • Other Expense: 380.00
  • Other Expense Description: Fire Ext
  • Rent Control: Yes
  • Total Actual Rent: 6577.00
  • Total Expenses: 31439.00

Tax Info

  • New Taxes Expense: 15588.00
  • Tax Census Tract: 1998.00
  • Tax Lot: 16

Range of Values:

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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
04/12/2019 04/12/19 Sold $1,375,000 -7.7% $245 / Sq Ft
02/25/2019 02/25/19 Pending -- -- --
01/25/2019 01/25/19 Price Changed $1,490,000 +14.7% $265 / Sq Ft
01/06/2019 01/06/19 For Sale $1,299,000 -- $231 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Gamez

    Seller's Agent in 2019

    Steve Gamez

    P.R.S. Properties

    (714) 328-0832

    4 Total Sales

    Steve Gamez
    Section Image

  • D

    Buyer's Agent in 2019

    Daniel Baird

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19003925

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90031 Lincoln Heights

2205 Sichel St, Los Angeles, CA

This home is located at 2205 Sichel St, Los Angeles, CA 90031 since 06 January 2019. This property was built in 1914. 2205 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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