$1,699,000
$81K PRICE DROP

Estimated payment $11,646/month

Total Views 981
15 Beds
7 Baths
6,570 Sq Ft
$259 Price per Sq Ft

Highlights

  • 0.46 Acre Lot
  • Floor Furnace
  • 1-Story Property
  • Lincoln High School Rated A-
  • 8 Car Garage
  • 4-minute walk to El Sereno Recreation Center

About This Home

Discover an excellent seven-unit investment opportunity with strong curb appeal, located at 2472 N. Eastern Avenue in Los Angeles. This property is fully compliant with the Los Angeles Department of Building and Safety Soft-Story Retrofit Ordinance and is situated on a well-maintained 20,215-square-foot lot featuring newer asphalt paving throughout the parking area.

The unit mix consists of six two-bedroom, one-bath units and one three-bedroom, one-bath unit. Select residences have been upgraded with modern vinyl plank flooring, and every unit features private washer and dryer hookups. Parking includes a dedicated one-car garage for each two-bedroom unit and a two-car garage for the three-bedroom unit, with additional ample on-site parking available providing 2 parking spaces per unit.

Ideally located for commuters and residents alike, the property offers easy access to Downtown Los Angeles, South Pasadena, Pasadena, Alhambra, and Monterey Park, as well as the 710, 10, and 5 freeways. Nearby conveniences include Cal State LA, Costco, Target, and a variety of shopping and dining options. This is a rare, turn-key income-producing opportunity for the discerning investor.

Listing Agent

Dale Jervis

Century 21 Jervis & Associates Brokerage Phone: 562-743-2121 License #00849695 Listed on: 08/04/2026

Century 21 Jervis & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 20,089 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 8 Car Garage
  • Parking Available

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 6,570 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 7 Full Bathrooms

Utilities

  • Floor Furnace
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 5132
  • Assessor Parcel Number 5216008032
  • $1,964 per year additional tax assessments

Community Details

Overview

  • 7 Buildings
  • 7 Units

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $50,396
  • Gross Income $143,988
  • Net Operating Income $89,273

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0.46 Acres

Parking

8

Listing Details

  • Standard Status: Active
  • CapRate: 5.00
  • Property Attached: Yes
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5216008032
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 7
  • Total Bedrooms: 15
  • Entry Level: 1
  • Price Per Square Foot: 258.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 8.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Floor Furnace
  • Sewer: Private Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Walkstreet
  • Lot Size Sq Ft: 20089.00
  • Lot Size Acres: 0.4612

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Gross Income: 143988.00
  • Gross Multiplier: 12.60
  • Gross Operating Income: 139668.00
  • Gross Scheduled Income: 143988.00
  • Lot Size Area: 20089.0000 Square Feet
  • Net Operating Income: 89273.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 7
  • Operating Expense: 50396.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 9649.00
  • Total Expenses: 50396.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 5132
  • TaxOtherAnnualAssessmentAmount: 1964.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $24,645 $1,948,376 $1,569,526 $378,850
2025 $24,645 $1,910,173 $1,538,751 $371,422
2024 $24,376 $1,872,720 $1,508,580 $364,140
2023 $23,930 $1,836,000 $1,479,000 $357,000
2022 $15,173 $1,138,980 $566,025 $572,955
2021 $14,971 $1,116,648 $554,927 $561,721
2020 $15,104 $1,105,199 $549,237 $555,962
2019 $14,564 $1,083,529 $538,468 $545,061
2018 $14,180 $1,062,284 $527,910 $534,374
2016 $13,496 $1,021,036 $507,411 $513,625
2015 $13,315 $1,005,700 $499,790 $505,910
2014 $13,402 $986,000 $490,000 $496,000
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 Prior Sale
09/03/2026 09/03/26 Price Changed $1,699,000 -4.6% $259 / Sq Ft
08/04/2026 08/04/26 For Sale $1,780,000 -1.1% $271 / Sq Ft
04/15/2022 04/15/22 Sold $1,800,000 0.0% $274 / Sq Ft View Prior Sale
03/18/2022 03/18/22 Pending -- -- --
03/12/2022 03/12/22 For Sale $1,800,000 0.0% $274 / Sq Ft
03/08/2022 03/08/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $1,800,000 +82.6% $274 / Sq Ft
08/16/2013 08/16/13 Sold $986,000 0.0% $150 / Sq Ft View Prior Sale
07/22/2013 07/22/13 Pending -- -- --
07/01/2013 07/01/13 For Sale $986,000 -- $150 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 Type Sale Price Title Company
Grant Deed $986,000 Title 365 Company
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW26170010

California Regional Multiple Listing Service (CRMLS)

APN: 5216-008-032

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