NOT LISTED FOR SALE

2328 Workman St Los Angeles, CA 90031

Lincoln Heights Neighborhood

Estimated Value: $848,000 - $1,044,000

3 Beds
3 Baths
2,158 Sq Ft
$431/Sq Ft Est. Value

Last Sold February 01, 2019

Last sale price $580,000 $269 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,730/month

63 Days on Market

About This Home

As of February 2019

GREAT LOCATION!!! Situated within the Lincoln Heights area of Los Angeles, this beautiful Duplex is just near Downtown LA. The property is just
a short distance of the exit of the I-5N freeway and the entrances to the I-5 & I-10 freeways are also close by. There are many shops and restaurants and several schools within walking distance, and just a short distance from the University of Southern California Health Sciences Campus. The Duplex is side by side both units have the entrance in the front of the property and a huge back yard. The bigger unit has two levels with a huge living room and dining room one bathroom downstairs and another one upstairs with 2 large bedrooms, the building is 2,158 sq ft, the other unit is a single level 1 bedroom 1 bath unit with an extra bonus room that could be used as an office or family room, both units have large kitchens There is long driveway with fence which can park several cars on the property. This property is perfect for an investor looking for upside potential or a large family or for the new owners to live in one unit and rent the other to help build their equity faster. you could also rent it out for short-term rentals for visitors of LA. The possibilities are many for this duplex in Lincoln Heights, a great location in Los Angeles!

Last Agent to Sell the Property

Martin Gonzalez

Realty Executives All Cities License #01204139 Listed on: 10/09/2018

Realty Executives All Cities

Last Buyer's Agent

Martin Gonzalez

Realty Executives All Cities License #01204139 Listed on: 10/09/2018

Realty Executives All Cities

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,980

Year Built

  • Built in 1928

Lot Details

  • 6,600 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 2,158 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • Parking Available
  • Driveway

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 1998
  • Assessor Parcel Number 5204016010

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $900
  • Trash Expense $1,200
  • Water Sewer Expense $1,400
  • Operating Expense $4,100
  • Gross Income $26,520
  • Net Operating Income $22,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,980

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1400.00
  • Zoning: LAC4
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 5204016010
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 268.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6600.00
  • Lot Size Acres: 0.1515

Multi Family

  • Gross Income: 26520.00
  • Gross Scheduled Income: 26520.00
  • Insurance Expense: 900.00
  • Lot Size Area: 6600.0000 Square Feet
  • Net Operating Income: 22420.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 4100.00
  • Rent Control: Yes
  • Total Actual Rent: 2210.00
  • Total Expenses: 4100.00

Tax Info

  • Tax Census Tract: 1998.00
  • Tax Lot: 10
  • Tax Tract Number: 1998

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2020
Sold by
Lam Hong Tuan and Lam Xuan Hy
Bought by
Lam Hong Tuan and Lam Xuan Hy
Current Estimated Value
$929,629

Purchase Details

Closed on
Jan 27, 2020
Sold by
Kim Edward
Bought by
Lam Hong Tuan and Lam Xuan Hy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 9, 2018
Closed on
Jan 24, 2019
Sold by
Rodriquez Raquel M
Bought by
Avelar Steve and Marquez Nancy
Seller's Agent
Martin Gonzalez
Realty Executives All Cities
Buyer's Agent
Martin Gonzalez
Realty Executives All Cities
List Price
$599,900
Sold Price
$580,000
Premium/Discount to List
-$19,900
-3.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.18%
Original Mortgage
$569,494
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 9, 2018
Closed on
Dec 19, 2018
Sold by
Avelar Steve and Marquez Nancy
Bought by
Kim Edward
Seller's Agent
Martin Gonzalez
Realty Executives All Cities
Buyer's Agent
Martin Gonzalez
Realty Executives All Cities
List Price
$599,900
Sold Price
$580,000
Premium/Discount to List
-$19,900
-3.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$569,494
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 26, 2007
Sold by
Rodriguez Raquel M
Bought by
The Raquel Rodriguez Family Trust
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lam Hong Tuan -- None Available
Lam Hong Tuan $590,000 Chicago Title Company
Avelar Steve -- Old Republic Title Company
Kim Edward $580,000 Old Republic Title Company
The Raquel Rodriguez Family Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Hong Tuan $347,000
Closed Lam Hong Tuan $350,000
Previous Owner Kim Edward $569,494
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2019 02/01/19 Sold $580,000 -3.3% $269 / Sq Ft
12/11/2018 12/11/18 Pending -- -- --
11/24/2018 11/24/18 For Sale $599,900 0.0% $278 / Sq Ft
11/19/2018 11/19/18 Pending -- -- --
10/09/2018 10/09/18 For Sale $599,900 -- $278 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $7,980 $645,247 $481,202 $164,045
2024 $7,980 $632,596 $471,767 $160,829
2023 $7,829 $620,193 $462,517 $157,676
2022 $7,471 $608,034 $453,449 $154,585
2021 $7,373 $596,112 $444,558 $151,554
2020 $7,464 $591,600 $443,700 $147,900
2019 $1,906 $131,282 $60,890 $70,392
2018 $1,805 $128,709 $59,697 $69,012
2016 $1,704 $123,713 $57,380 $66,333
2015 $1,682 $121,856 $56,519 $65,337
2014 $1,701 $119,470 $55,412 $64,058
Source: Public Records

Agents Affiliated with this Home

  • Martin Gonzalez

    Seller's Agent in 2019

    Martin Gonzalez

    Realty Executives

    (562) 843-1103

    142 Total Sales

    Martin Gonzalez
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS18245065

California Regional Multiple Listing Service (CRMLS)

APN: 5204-016-010

California Los Angeles County Los Angeles 90031 Lincoln Heights

2328 Workman St, Los Angeles, CA

This home is located at 2328 Workman St, Los Angeles, CA 90031 since 09 October 2018 and is currently estimated at $929,629, approximately $430 per square foot. This property was built in 1928. 2328 Workman 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

Nearby Homes