NOT LISTED FOR SALE

Estimated Value: $1,343,505

10 Beds
6 Baths
4,644 Sq Ft
$289/Sq Ft Est. Value

Sale Details

Date Sold: May 6, 2016

Last sale price $750,000 $161 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $8,368 / mo

12 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Wrought Iron Fence
  • Wall Furnace
  • Stone Flooring
  • Level Lot
  • Front Yard

About This Home

As of May 2016

This excellent multifamily property is centrally located in Lincoln Heights. Featuring two separate buildings, this 6-unit property has 4,644 square feet of rentable area situated on a large 8,014 square foot lot. Built in 1947, the property has a versatile mix of 1, 2, and 3-bedroom units, which are individually metered with on-site parking available for each tenant. Recent updates to two units include new plumbing, electrical, AC, and washer/dryer hookups. This is an investor friendly property with stabilized income that can also support potential owner occupancy as the 3-bedroom unit is available. The rear building abuts an alleyway which provides a separate, rear lot used for extra parking, storage, and access for the tenants. Residents enjoy being minutes away from major local destinations, providing convenient access to Chinatown, DTLA, and Dodger Stadium. Nearby eateries are walking distance from 2221 Griffin with local favorites such as Moo's Craft Barbecue, La Monarca Bakery and Cafe, and King Taco located on Broadway. Direct access to the 5, 110, and 2 Freeways with nearby bus transit efficiently connects this neighborhood to all of LA. LARD3-1-HPOZ zoning, located within a Historical Preservation and Opportunity Zone.

Last Agent to Sell the Property

Amy Wang

High Ten Partners, Inc. License #01349731 Listed on: 04/20/2016

High Ten Partners, Inc.

Last Buyer's Agent

Amy Wang

High Ten Partners, Inc. License #01349731 Listed on: 04/20/2016

High Ten Partners, Inc.
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 8,014 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Level Lot
  • Front Yard

Parking

  • 1 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Driveway
  • Parking Lot

Home Design

  • Property Attached
  • Stucco

Interior Spaces

  • 4,644 Sq Ft Home
  • Window Screens
  • Carbon Monoxide Detectors
  • Gas Range

Flooring

  • Carpet
  • Stone
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Water Heater
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Legal Lot and Block 13 / 17
  • Tax Tract Number 199800
  • Assessor Parcel Number 5204019017

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,184
  • Maintenance Expense $2,000
  • Other Expense $406
  • Water Sewer Expense $5,027
  • New Taxes Expense $9,375
  • Gross Income $5,348
  • Net Operating Income $45,135

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

8,014 Sq Ft Lot

Parking

1

Listing Details

  • CapRate: 6.01
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s)
  • View: No
  • Water Sewer Expenses: 5027.00
  • Zoning: LARD3
  • Property Type: Residential Income
  • Parcel Number: 5204019017
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Stone, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 161.50
  • Window Features: Screens

Exterior Features

  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Asphalt, Parking Space, Garage Faces Rear, Garage - Single Door
  • Total Parking Spaces: 18.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Gas Range, Water Heater
  • Heating Type: Wall Furnace
  • Sewer: Sewer Paid
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Features: Front Yard, Level, Lot 6500-9999
  • Lot Size Sq Ft: 8014.00
  • Price Per Lot Square Foot: 93.59

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Gross Income: 5348.00
  • Gross Multiplier: 11.68
  • Gross Scheduled Income: 64180.00
  • Gross Spendable Income: 45135.00
  • Insurance Expense: 2184.00
  • Maintenance Expense: 2000.00
  • Net Operating Income: 45135.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 19044.00
  • Other Expense: 406.00
  • Rent Control: Yes
  • Total Actual Rent: 5348.00

Tax Info

  • New Taxes Expense: 9375.00
  • Tax Area: 4
  • Tax Block: 17
  • Tax Lot: 13
  • Tax Tract Number: 199800

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 20, 2016
Closed on
Apr 29, 2016
Sold by
Bought by
Seller's Agent
Amy Wang
High Ten Partners, Inc.
Buyer's Agent
Amy Wang
High Ten Partners, Inc.
List Price
$750,000
Sold Price
$750,000
Current Estimated Value
$1,343,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$593,505
Avg. Annual Appreciation
5.85%

Purchase Details

Closed on
Nov 2, 2012
Sold by
Bought by

Purchase Details

Closed on
Jan 27, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Lincoln 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
$750,000 Wfg National Title Co Of Ca
-- None Available
-- --
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 $1,067,500
Closed $730,000
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
04/27/2026 04/27/26 For Sale $1,475,000 +96.7% $318 / Sq Ft
05/06/2016 05/06/16 Sold $750,000 0.0% $161 / Sq Ft
04/26/2016 04/26/16 Pending -- -- --
04/14/2016 04/14/16 For Sale $750,000 -- $161 / 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 $11,802 $887,842 $621,491 $266,351
2024 $11,623 $870,434 $609,305 $261,129
2023 $11,415 $853,367 $597,358 $256,009
2022 $10,922 $836,636 $585,646 $250,990
2021 $10,775 $820,232 $574,163 $246,069
2019 $10,476 $795,905 $557,134 $238,771
2018 $10,301 $780,300 $546,210 $234,090
2016 $6,547 $478,000 $358,508 $119,492
2015 $6,462 $470,821 $353,123 $117,698
2014 $6,531 $461,599 $346,206 $115,393
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16077618

California Regional Multiple Listing Service (CRMLS)

APN: 5204-019-017

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