NOT LISTED FOR SALE

2451 Boulder St Los Angeles, CA 90033

10 Beds
6 Baths
6,818 Sq Ft
6,980 Sq Ft Lot

Last Sold August 27, 2018

Last sale price $950,000 $139 Per Sq Ft

85 Days on Market

About This Home

As of August 2018

Location and huge upside is what a good investment is all about!!! Amazing opportunity in Boyle Heights, one of the fastest growing area in and around Los Angeles. Building features four huge units, two units which are 2 bed 1 bath and two units which are 3 bed two baths. Property has been well maintained with recent compliance updates. Excellent location, which is a on the periphery of Downtown Los Angeles. Minutes away from USC Medical, convenient access to the freeways, and public transportation. Ease of access to plentiful shops, restaurants, and amenities. Current rent of all units are well below market, which means it will be an amazing opportunity moving forward.

Last Agent to Sell the Property

Joe Chen

Elite Realty Group License #01260557 Listed on: 05/01/2018

Last Buyer's Agent

Moses Kagan

Adaptive Realty, Inc. License #01864027

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 6,980 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • On-Street Parking

Home Design

  • 6,818 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone, trash collection
  • Tax Lot 23
  • Tax Tract Number 2037
  • Assessor Parcel Number 5177022024

Community Details

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Water Sewer Expense $600
  • New Taxes Expense $400
  • Operating Expense $2,500
  • Gross Income $37,804
  • Net Operating Income $35,304

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 3.36
  • Property Attached: Yes
  • Water Sewer Expenses: 600.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 5177022024
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 139.34

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 6980.00

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Average2 Bed Area: 1600 Square Feet
  • Average3 Bed Area: 1800 Square Feet
  • Gross Income: 37804.00
  • Gross Scheduled Income: 37804.00
  • Insurance Expense: 1200.00
  • Net Operating Income: 35304.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 2500.00
  • Rent Control: Yes
  • Total Expenses: 2500.00

Tax Info

  • New Taxes Expense: 400.00
  • Tax Census Tract: 2037.20
  • Tax Lot: 23
  • Tax Tract Number: 2037.2

Range of Values:

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Sold Price
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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
08/27/2018 08/27/18 Sold $950,000 -9.5% $139 / Sq Ft
05/01/2018 05/01/18 For Sale $1,050,000 -- $154 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joe Chen

    Seller's Agent in 2018

    Joe Chen

    Elite Realty Group

    (626) 297-1708

    5 Total Sales

    Section Image

  • M

    Buyer's Agent in 2018

    Moses Kagan

    Adaptive Realty, Inc.

    (213) 330-2711

    3 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18100907

California Regional Multiple Listing Service (CRMLS)

APN: 5177-022-024

California Los Angeles County Los Angeles 90033

2451 Boulder St, Los Angeles, CA

This home is located at 2451 Boulder St, Los Angeles, CA 90033 since 01 May 2018. This property was built in 1930. 2451 Boulder St is a home located in Los Angeles County with nearby schools including Sheridan Street Elementary School, Hollenbeck Middle School, and Theodore Roosevelt 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

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