NOT LISTED FOR SALE

2469 E 7th St Los Angeles, CA 90023

Estimated Value: $770,000 - $2,856,000

16 Beds
12 Baths
6,071 Sq Ft
$328/Sq Ft Est. Value

Last Sold March 11, 2021

Last sale price $2,050,000 $338 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $12,001/month

95 Days on Market

Highlights

  • Stone Countertops
  • 4 Car Attached Garage
  • Laundry Room
  • Felicitas and Gonzalo Mendez High Rated A-
  • Bathtub
  • ADA Compliant

About This Home

As of March 2021

We are proud to present these 4 units located at 2469 E 7th Street in Los Angeles, California. Built in 2020, all units are currently vacant with Certificate of Occupancy approximately by November 1st. This brand new multifamily building sits on 6,968 square feet of land with 6,071 square feet of rentable area and consists of all (4)- four bed / three bath units.These two duplexes are on a single lot offering its tenants alley access and private garage parking and finished with high-end stainless steel appliances, quartz counter-tops, tank-less water heaters, recessed lighting, central heating & A/C, laminate floors, soft close cabinets, and much more! The property is well located in Boyle Heights just minutes from all the premier dining, entertainment and shopping that The Arts District, Downtown LA and LA Live has to offer. Tenants enjoy close proximity to Urth Caffe, Blue Bottle Coffee, Bestia, Bavel and many more famed coffee and restaurants!

Last Agent to Sell the Property

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 10/22/2020

Last Buyer's Agent

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 10/22/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,835

Year Built

  • Built in 2020

Lot Details

  • 6,968

Parking

  • 4 Car Attached Garage

Home Design

  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 6,071 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laminate Flooring

Kitchen

  • Gas Cooktop
  • Microwave
  • Freezer
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 12 Bathrooms
  • Bathtub

Laundry

  • Laundry Room
  • Dryer

Utilities

  • Central Heating
  • Cable TV Available

Additional Features

  • ADA Compliant
  • 6,968 Sq Ft Lot

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5189-006-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,835

Year Built

Built in 2020

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • ADA Compliant: Yes
  • Building Permit: Yes
  • Living Area: 6071
  • Lot Acreage: 0.1600
  • Price Per Unit: 537500.00
  • Stories: 2
  • Year Built: 2020
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Appliances: Gas, Cooktop - Gas, Microwave, Gas/Electric Range
  • Bedrooms: 16
  • Bathroom Features: Tub Only
  • Kitchen Features: Stone Counters
  • Laundry: In Unit, Laundry Area
  • Total Bathrooms: 12.00
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Hood Fan, Microwave, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Freezer, Garbage Disposal, Electric Dryer Hookup, Cable
  • Price Per S Q F T: 354.14

Exterior Features

  • Construction: Hard Coat
  • Other Structures: Other
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Pool: No
  • Roof: Asphalt
  • Spa Yn: No

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking: 4
  • Parking Garage: Attached
  • Total Parking: 4

Utilities

  • TV Svcs: Cable TV
  • Cooling: Air Conditioning
  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 37.50
  • Assessed Improvement Value: 180151
  • Assessed Land Percent: 62.5
  • Assessed Land Value: 300256
  • Total Assessed Value: 480407
  • Assessor Parcel Number: 5189-006-006
  • Lot Description: 2-4 Lots
  • Lot Size Area: 6968

Rental Info

  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 172800.00
  • Number Of Units: 4
  • Total Annual Expense: 34231
  • Type Of Units: Standard
  • Vacancy Rate: 3%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2023
Sold by
Bakhshaie Amir and Bakhshaie Tang
Bought by
Amir Bakhshaie And Tang Tang Revocable Trust and Bakhshaie
Current Estimated Value
$1,783,500

Purchase Details

Closed on
Jun 30, 2021
Sold by
Bakhshaie Amir and Tang T
Bought by
Bakhshaie Amir and Tang T

Purchase Details

Listed on
Oct 22, 2020
Closed on
Feb 15, 2021
Sold by
2469 7Th Llc
Bought by
Bahkshaie Amir and Tang T
Seller's Agent
Filip Niculete
Marcus & Millichap
Buyer's Agent
Filip Niculete
Marcus & Millichap
List Price
$2,150,000
Sold Price
$2,050,000
Premium/Discount to List
-$100,000
-4.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.11%
Original Mortgage
$1,537,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2019
Closed on
May 28, 2019
Sold by
Aguirre Martin B
Bought by
2469 7Th Llc
Seller's Agent
Byron Valencia
First Galaxy Inc
Buyer's Agent
Bryan Nguyen
Alta Realty Group CA, Inc.
List Price
$589,900
Sold Price
$602,000
Premium/Discount to List
$12,100
2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
101.41%
Original Mortgage
$496,000
Interest Rate
4.2%
Mortgage Type
Construction

Purchase Details

Closed on
May 24, 2005
Sold by
Bolivar Maribel
Bought by
Aguirre Martin B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
1.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 23, 2005
Sold by
Torres Ignacio and Sanchez Margarita
Bought by
Aguirre Martin B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
1.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 16, 2002
Sold by
Torres Ignacio
Bought by
Torres Ignacio and Sanchez Margarita

Purchase Details

Closed on
Oct 15, 2001
Sold by
Gutierrez Maria G
Bought by
Torres Ignacio

Purchase Details

Closed on
Jun 19, 2001
Sold by
Sanchez Rafael and Sanchez Bertha M
Bought by
Torres Ignacio and Gutierrez Maria G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,971
Interest Rate
7.05%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Amir Bakhshaie And Tang Tang Revocable Trust -- None Listed On Document
Bakhshaie Amir -- None Listed On Document
Bakhshaie Amir -- Accommodation
Bahkshaie Amir $2,050,000 Provident Title
2469 7Th Llc $602,000 Fidelity National Title
Aguirre Martin B -- --
Aguirre Martin B $400,000 --
Torres Ignacio -- --
Torres Ignacio -- --
Torres Ignacio $196,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bahkshaie Amir $1,537,500
Previous Owner 2469 7Th Llc $1,575,000
Previous Owner 2469 7Th Llc $496,000
Previous Owner Aguirre Martin B $396,000
Previous Owner Aguirre Martin B $320,000
Previous Owner Torres Ignacio $221,900
Previous Owner Torres Ignacio $194,880
Previous Owner Torres Ignacio $192,971
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2021 03/11/21 Sold $2,050,000 -4.7% $338 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
10/22/2020 10/22/20 For Sale $2,150,000 +257.1% $354 / Sq Ft
06/11/2019 06/11/19 Sold $602,000 +2.1% $419 / Sq Ft
05/03/2019 05/03/19 For Sale $589,900 -- $411 / Sq Ft
Source: The MLS

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 $26,835 $2,218,983 $920,066 $1,298,917
2024 $26,835 $2,175,475 $902,026 $1,273,449
2023 $26,317 $2,132,820 $884,340 $1,248,480
2022 $25,096 $2,091,000 $867,000 $1,224,000
2021 $16,836 $1,374,801 $620,401 $754,400
2020 $7,698 $614,040 $398,820 $215,220
2019 $6,198 $499,815 $312,386 $187,429
2018 $6,099 $490,015 $306,261 $183,754
2016 $5,826 $470,988 $294,369 $176,619
2015 $5,742 $463,915 $289,948 $173,967
2014 $5,772 $454,829 $284,269 $170,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-650748

The MLS

APN: 5189-006-006