Seller's Agent in 2022
Alexandro Colombo
Keller Williams Coastal Prop.
(562) 450-0420
1 in this area
25 Total Sales
2250 E 103rd St Los Angeles, CA 90002
Watts NeighborhoodEstimated Value: $785,709 - $886,000
5
Beds
4
Baths
2,074
Sq Ft
$396/Sq Ft
Est. Value
About This Home
As of April 2022We are pleased to present 2250 E 103rd Street in Los Angeles, California. This 3-unit property features a newly renovated 4-bedroom & 2-bathroom house, which is ready to be acquired by an owner-user or rented to a tenant (pro-forma $3,250). The rest of the property consists of two freestanding buildings, one being a studio and the other a 1-bedroom & 1-bathroom unit; both currently rented and generating income. This property also features privacy for the main house and plenty of secured parking for all the tenants.
The property is located on the corner of E 103rd Street and Kalmia Street, just across the “Redevelopment DBIA Award Winning” Jordan High School and blocks away from Weigand Avenue Elementary School. This property sits in the midst of the “Watts Corridor Masterplan”, a revitalization and redevelopment project called Watts Re:Imagined. Led by Grant Housing & Economic Development Corp and the Natural Resources Defense Council's Urban Solutions program, with other partnerships including local organizations, agencies, and businesses, the project is planning to transform 103rd Street into a community-gathering place with mixed-use buildings, transit-oriented development, sustainable architecture, and plenty of green alleys and shade trees.
The offering represents a compelling buying opportunity to acquire a well-maintained property with strong in-place cash flow in an area of Los Angeles that promises a revitalized future.
Last Agent to Sell the Property
Keller Williams Coastal Prop. License #01927702 Listed on: 02/02/2022
Last Buyer's Agent
Kelly Man
RE/MAX Premier Properties License #01779273
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924
Lot Details
- 6,501 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Home Design
- 2,074 Sq Ft Home
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tax Lot 478
- Tax Tract Number 2430
- Assessor Parcel Number 6066015041
- $936 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 3 Units
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,141
- Water Sewer Expense $1,800
- Operating Expense $17,070
- Gross Income $61,476
- Net Operating Income $42,562
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 2, 2022
Closed on
Apr 4, 2022
Sold by
Garduno Jose V and Vargas Jorge
Bought by
Liaw Weiyi Evelyn
Seller's Agent
Alexandro Colombo
Keller Williams Coastal Prop.
Buyer's Agent
Kelly Man
RE/MAX Premier Properties
List Price
$745,000
Sold Price
$715,000
Premium/Discount to List
-$30,000
-4.03%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,927
Avg. Annual Appreciation
3.81%
Original Mortgage
$536,250
Outstanding Balance
$511,514
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$310,413
Purchase Details
Closed on
Oct 31, 2019
Sold by
Vargas Jorge
Bought by
Garduno Jose V and Vargas Jorge
Purchase Details
Listed on
Jan 22, 2014
Closed on
May 13, 2014
Sold by
Yoo Timothy J and Estate Of Wilbert G Canto
Bought by
Vargas Jorge
Seller's Agent
Bryce Kawata
Keller Williams South Bay
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$235,000
Sold Price
$250,000
Premium/Discount to List
$15,000
6.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.81%
Original Mortgage
$133,000
Interest Rate
4.23%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 16, 2011
Sold by
Canto Wilbert G and Canto Manuela B
Bought by
Canto Danny A and Basto Wilbert
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Liaw Weiyi Evelyn | $715,000 | Ticor Title | |
| Garduno Jose V | -- | None Available | |
| Vargas Jorge | $250,000 | Fidelity | |
| Canto Danny A | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Liaw Weiyi Evelyn | $536,250 | |
| Previous Owner | Vargas Jorge | $133,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/11/2022 04/11/22 | Sold | $715,000 | -4.0% | $345 / Sq Ft | |
| 03/18/2022 03/18/22 | Pending | -- | -- | -- | |
| 02/02/2022 02/02/22 | For Sale | $745,000 | +198.0% | $359 / Sq Ft | |
| 06/03/2014 06/03/14 | Sold | $250,000 | +6.4% | $121 / Sq Ft | View Prior Sale |
| 04/30/2014 04/30/14 | Pending | -- | -- | -- | |
| 01/22/2014 01/22/14 | For Sale | $235,000 | -- | $113 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| 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 | $9,906 | $758,763 | $424,483 | $334,280 |
| 2024 | $9,906 | $743,886 | $416,160 | $327,726 |
| 2023 | $9,723 | $729,300 | $408,000 | $321,300 |
| 2022 | $5,324 | $381,195 | $231,027 | $150,168 |
| 2021 | $5,250 | $373,722 | $226,498 | $147,224 |
| 2020 | $5,291 | $369,891 | $224,176 | $145,715 |
| 2019 | $5,102 | $362,639 | $219,781 | $142,858 |
| 2018 | $4,961 | $355,529 | $215,472 | $140,057 |
| 2016 | $4,725 | $341,725 | $207,106 | $134,619 |
| 2015 | $4,653 | $336,593 | $203,996 | $132,597 |
| 2014 | $4,732 | $327,881 | $194,679 | $133,202 |
Source: Public Records
Agents Affiliated with this Home
-
Alexandro Colombo
-
K
Buyer's Agent in 2022
Kelly Man
RE/MAX
-
Bryce Kawata
Seller's Agent in 2014
Bryce Kawata
Keller Williams South Bay
(310) 346-5999
22 Total Sales
-
Darrow Fiedler
Seller Co-Listing Agent in 2014
Darrow Fiedler
Keller Williams South Bay
(310) 600-0757
8 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2014
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
3 in this area
6,215 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22020721
APN: 6066-015-041
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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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