Seller's Agent in 2019
Jack Pang
Resource Real Estate Services
(626) 319-8088
22 Total Sales
2461 Workman St Los Angeles, CA 90031
Lincoln Heights Neighborhood
10
Beds
6
Baths
3,490
Sq Ft
8,002
Sq Ft Lot
Highlights
- Gated Parking
- 4 Car Garage
- Level Lot
- Lincoln High School Rated A-
About This Home
As of January 2019This gated 4-unit property is located at the heart of the up and coming Lincoln Heights near downtown Los Angeles. Walking distance to library, banks, shops, restaurants and bus stops. The front house features 3 bed/2 bath has been newly remolded with brand new central heat and kitchen. The rear 3-unit building was added in 1983. The upstairs 4 bed/2 bath unit has been newly updated and remolded with central A/C. And these 2 big units are vacant, so the new owner can start with the current market rental rate or owner occupy. There are a 2 bed/1 bath and a 1 bed/1 bath unit in the rear building downstairs with long term and good tenants. The big back yard contains a 4-car garage plus an office and 3 parking spaces. There are 5 electric meters and 4 gas meters. The rear roof has been redone in 2017. This is a rare opportunity to acquire an excellent condition investment property with vacant units in the rapidly growing neighborhood of Los Angeles.
Last Agent to Sell the Property
Resource Real Estate Services License #01719159 Listed on: 12/01/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1895
Lot Details
- 8,001 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Parking
- 4 Car Garage
- 3 Open Parking Spaces
- Parking Available
- Two Garage Doors
- Garage Door Opener
- Gated Parking
- Parking Lot
Home Design
- Quadruplex
Interior Spaces
- 3,490 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 1
- Tax Tract Number 1992
- Assessor Parcel Number 5204013014
Community Details
Overview
- 4 Units
Building Details
- 2 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $551
- Insurance Expense $2,477
- Trash Expense $382
- Water Sewer Expense $2,450
- New Taxes Expense $16,250
- Operating Expense $22,110
- Gross Income $100,800
- Net Operating Income $75,090
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/23/2019 01/23/19 | Sold | $1,065,000 | -7.3% | $305 / Sq Ft |
| 12/08/2018 12/08/18 | Pending | -- | -- | -- |
| 12/01/2018 12/01/18 | For Sale | $1,149,000 | -- | $329 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $16,082 | $1,279,430 | $831,059 | $448,371 |
| 2024 | $16,082 | $1,254,344 | $814,764 | $439,580 |
| 2023 | $15,783 | $1,229,750 | $798,789 | $430,961 |
| 2022 | $15,077 | $1,205,638 | $783,127 | $422,511 |
| 2021 | $14,545 | $1,181,999 | $767,772 | $414,227 |
| 2019 | $2,876 | $198,511 | $28,104 | $170,407 |
| 2018 | $2,695 | $194,619 | $27,553 | $167,066 |
| 2016 | $2,541 | $187,064 | $26,484 | $160,580 |
| 2015 | $2,508 | $184,255 | $26,087 | $158,168 |
| 2014 | $2,543 | $180,646 | $25,576 | $155,070 |
Source: Public Records
Agents Affiliated with this Home
-
Jack Pang
-
Iacopo Wachter
Buyer's Agent in 2019
Iacopo Wachter
First American Team Realty Inc
(310) 922-5195
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR18268114
APN: 5204-013-014
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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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