Sheida Rezazadeh
Keller Williams R. E. Services
(747) 307-5722
20 Total Sales
2 in Lincoln Heights
$718,000 Price Range
2425 Sichel St Los Angeles, CA 90031
Lincoln Heights Neighborhood
12
Beds
10
Baths
7,738
Sq Ft
9,899
Sq Ft Lot
Highlights
- Dual Staircase
- Laundry Facilities
- Wall Furnace
- Lincoln High School Rated A-
- Rectangular Lot
About This Home
As of December 2013Great Income Property Units! This building has 11 units, 3 - 2 bed 1 bath and 8- 1 bed 1 bath units. 2 story, well maintained, low maintenance, asphalt driveway with plenty of parking for all units on the property. Rents are below market! Huge upside for new owner/investor. Pro Forma cap rate at a conservative 7.05 cap rate. Average 1 bed 1 bath rents are $825 which can definitely be increased. In the heart of Lincoln Heights, great location close to downtown, transportation, shopping and schools.
Last Agent to Sell the Property
PORTER REAL ESTATE License #01700954 Listed on: 10/08/2013
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 9,899 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
Home Design
- Property Attached
Interior Spaces
- 7,738 Sq Ft Home
- Dual Staircase
Bedrooms and Bathrooms
- 12 Bedrooms
- 10 Bathrooms
Parking
- 11 Parking Spaces
- 3 Carport Spaces
- Parking Available
- Assigned Parking
Utilities
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity
- Tax Lot 9
- Assessor Parcel Number 5204015010
Community Details
Building Details
- 10 Leased Units
- Rent Control
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $1,200
- Maintenance Expense $3,300
- Professional Management Expense $5,662
- Trash Expense $840
- Water Sewer Expense $840
- New Taxes Expense $15,000
- Gross Income $9,728
- Net Operating Income $84,598
Additional Features
- 11 Units
- Laundry Facilities
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
Closed on
Apr 24, 2014
Sold by
Tam Jennie Shuk Kwun
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$755,000
Outstanding Balance
$558,164
Interest Rate
4.32%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Listed on
Oct 8, 2013
Closed on
Dec 17, 2013
Sold by
Bojorquez Maria L
Bought by
Bojorquez Rudy
Seller's Agent
Michael Porter
PORTER REAL ESTATE
Buyer's Agent
Amy Wang
High Ten Partners, Inc.
List Price
$1,200,000
Sold Price
$1,270,000
Premium/Discount to List
$70,000
5.83%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
4.13%
Mortgage Type
Commercial
Purchase Details
Listed on
Oct 8, 2013
Closed on
Dec 16, 2013
Sold by
Liu Pei Rong
Bought by
Tam Wing Hin
Seller's Agent
Michael Porter
PORTER REAL ESTATE
Buyer's Agent
Amy Wang
High Ten Partners, Inc.
List Price
$1,200,000
Sold Price
$1,270,000
Premium/Discount to List
$70,000
5.83%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
4.13%
Mortgage Type
Commercial
Purchase Details
Listed on
Oct 8, 2013
Closed on
Nov 17, 2013
Sold by
Bojorquez Rudy
Bought by
Tam Jennie Shuk Kwun and Tam Wing Hin
Seller's Agent
Michael Porter
PORTER REAL ESTATE
Buyer's Agent
Amy Wang
High Ten Partners, Inc.
List Price
$1,200,000
Sold Price
$1,270,000
Premium/Discount to List
$70,000
5.83%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
4.13%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 8, 2013
Sold by
Bojorquez Francisca C
Bought by
Bojorquez Francisca C and Bojorquez Rudy
Purchase Details
Closed on
Apr 20, 1996
Sold by
Bojorquez Francisca C
Bought by
Bojorquez Farncisca J and Bojorquez Rudy
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lincoln Heights, CA
-
Sheida Rezazadeh
-
Luke Smith
Luke Smith
Real Brokerage Technologies, Inc.
(424) 704-9115
27 Total Sales
1 in Lincoln Heights
$42,000 Price
-
Mario Mariscal
Mario Mariscal
Better Homes and Gardens RE
(562) 471-4695
105 Total Sales
1 in Lincoln Heights
$970,000 Price
-
Bong Sung
Bong Sung
Mega Realty
(323) 831-8559
23 Total Sales
2 in Lincoln Heights
$400K - $510K Price Range
-
L'mar Kojani
L'mar Kojani
Keller Williams Realty
(424) 345-1217
46 Total Sales
1 in Lincoln Heights
$740,000 Price
-
Mercedes Van Pelt
Mercedes Van Pelt
Compass
(323) 310-3789
57 Total Sales
2 in Lincoln Heights
$1,075,000 Price Range
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 |
|---|---|---|---|
| -- | Fidelity National Title | ||
| Bojorquez Rudy | -- | Wfg Title Company Of Ca | |
| Tam Wing Hin | -- | Wfg Title Company Of Ca | |
| Tam Jennie Shuk Kwun | $1,270,000 | Wfg Title Company Of Ca | |
| Bojorquez Francisca C | -- | None Available | |
| Bojorquez Farncisca J | -- | -- |
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 | $755,000 | ||
| Closed | Tam Jennie Shuk Kwun | $780,000 |
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 |
|---|---|---|---|---|
| 12/20/2013 12/20/13 | Sold | $1,270,000 | +5.8% | $164 / Sq Ft |
| 10/22/2013 10/22/13 | Pending | -- | -- | -- |
| 10/08/2013 10/08/13 | For Sale | $1,200,000 | -- | $155 / 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 |
|---|---|---|---|---|
| 2026 | $20,055 | $1,587,974 | $875,262 | $712,712 |
| 2025 | $20,055 | $1,556,838 | $858,100 | $698,738 |
| 2024 | $19,785 | $1,526,313 | $841,275 | $685,038 |
| 2023 | $19,422 | $1,496,386 | $824,780 | $671,606 |
| 2022 | $18,560 | $1,467,046 | $808,608 | $658,438 |
| 2021 | $18,306 | $1,438,281 | $792,753 | $645,528 |
| 2019 | $17,783 | $1,395,623 | $769,241 | $626,382 |
| 2018 | $17,560 | $1,368,258 | $754,158 | $614,100 |
| 2016 | $16,704 | $1,315,128 | $724,874 | $590,254 |
| 2015 | $16,471 | $1,295,374 | $713,986 | $581,388 |
| 2014 | $16,589 | $1,270,000 | $700,000 | $570,000 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Porter
Seller's Agent in 2013
Michael Porter
PORTER REAL ESTATE
(626) 354-1203
70 Total Sales
-
Amy Wang
Buyer's Agent in 2013
Amy Wang
High Ten Partners, Inc.
(626) 462-5612
22 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV13205228
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.
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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