NOT LISTED FOR SALE

2235 Johnston St Los Angeles, CA 90031

Lincoln Heights Neighborhood
10 Beds
7 Baths
5,545 Sq Ft
9,899 Sq Ft Lot

Last Sold March 16, 2015

Last sale price $701,800 $127 Per Sq Ft

50 Days on Market

About This Home

As of March 2015

Excellent 7 units multi units conveniently located Lincoln Heights just minutes away from Downtown LA, China Town and Freeway 5. Walking distance to shops and restaurants.
All units are fully occupied for the past 10+ years. Est. Cap rate to be 7.89 with long term stable tenants, great upside potential. 3 separate buliding with big lot size of 9,899 sq.ft. for future expansion.

Last Agent to Sell the Property

Jerry Sun

RE/MAX Premier Properties License #01338788 Listed on: 02/03/2015

RE/MAX Premier Properties

Last Buyer's Agent

Jerry Sun

RE/MAX Premier Properties License #01338788 Listed on: 02/03/2015

RE/MAX Premier Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 9,899 Sq Ft Lot
  • Lot Dimensions are 60 x 165
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • Off-Site Parking

Home Design

  • 5,545 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 7 / 23
  • Tax Tract Number 1998
  • Assessor Parcel Number 5204025008

Community Details

Overview

  • 3 Buildings
  • 7 Units

Building Details

  • 7 Leased Units
  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,200
  • Water Sewer Expense $5,400
  • New Taxes Expense $8,000
  • Gross Income $6,159
  • Net Operating Income $58,308

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • CapRate: 7.89
  • Price Per Unit: 105571
  • Property Attached: Yes
  • Water Sewer Expenses: 5400.00
  • Property Type: Residential Income
  • Parcel Number: 5204025008
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 126.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking Features: Off Site

Utilities

  • Utilities: Sewer Connected
  • Laundry: No
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 60 x 165
  • Lot Size Sq Ft: 9899.00
  • Lot Size Acres: 0.2270

Multi Family

  • Gross Income: 6159.00
  • Gross Multiplier: 10.00
  • Gross Scheduled Income: 73908.00
  • Insurance Expense: 2200.00
  • Lot Size Area: 9899.0000 Square Feet
  • Net Operating Income: 58308.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 15600.00
  • Rent Control: Yes
  • Total Actual Rent: 6159.00

Tax Info

  • New Taxes Expense: 8000.00
  • Tax Block: 23
  • Tax Lot: 7
  • Tax Tract Number: 1998
  • Tax Year: 2014

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
03/16/2015 03/16/15 Sold $701,800 -5.0% $127 / Sq Ft
02/08/2015 02/08/15 Pending -- -- --
12/20/2014 12/20/14 For Sale $739,000 -- $133 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jerry Sun

    Seller's Agent in 2015

    Jerry Sun

    RE/MAX

    (626) 589-0997

    1 in this area

    142 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR14261229

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90031 Lincoln Heights

2235 Johnston St, Los Angeles, CA

This home is located at 2235 Johnston St, Los Angeles, CA 90031 since 03 February 2015. This property was built in 1915. 2235 Johnston 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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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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