$1,850,000
SOLD FEB 21, 2025

2508 Houston St Los Angeles, CA 90033

14 Beds
10 Baths
5,526 Sq Ft
7,004 Sq Ft Lot

Recently Sold

$335 Per Sq Ft

5% Below List Price

42 Days on Market

Highlights

  • Fireplace
  • Built-In Features
  • Ceiling Fan
  • James A. Garfield Senior High School Rated A
  • Central Air

About This Home

As of February 2025

We are proud to present 2508 Houston Street, a Quadruplex multi-family investment opportunity in the heart of Boyle Heights. Built in 2017, the offering boasts a highly desirable mix of Two 3+2 & Two 4+3 split-level townhouses. The property includes an enormous 4 BD / 3 BA town house that will be delivered vacant at closing. Upgraded with a combination of wood laminate and tile floors, granite counters, in unit laundry hook-up and a balcony, this unit is perfect for owner occupancy. With below market rents, this property presents an excellent value-add opportunity offering potential for growth and appreciation for years to come. Situated in a sought-after area of Boyle Heights, a desirable and rapidly developing neighborhood in Los Angeles County just minutes away from all the premier dining, entertainment and shopping that The Arts District, Downtown LA and LA Live has to offer.

Last Agent to Sell the Property

Joshua Luchs

Kidder Mathews of California, Inc. License #01845545 Listed on: 11/18/2024

Last Buyer's Agent

Shawn Raoufpour

Gold Realty License #01425538

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,187

Year Built

  • Built in 2017

Lot Details

  • 7,004 Sq Ft Lot

Parking

  • Assigned Parking

Home Design

  • Split Level Home

Interior Spaces

  • 5,526 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Fireplace
  • Gas And Electric Dryer Hookup

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Utilities

  • Central Air
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5177-020-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,187

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 5526
  • Lot Acreage: 0.1608
  • Year Built: 2017
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 14
  • Total Bathrooms: 10.00
  • Equipment: Ceiling Fan, Built-Ins, Garbage Disposal, Gas Or Electric Dryer Hookup, Range/Oven
  • Price Per S Q F T: 352.88

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned

Utilities

  • Cooling: Central, Ceiling Fan
  • Heating: Fireplace, Wall

Lot Info

  • Assessed Improvement Percent: 58.17
  • Assessed Improvement Value: 877207
  • Assessed Land Percent: 41.83
  • Assessed Land Value: 630706
  • Total Assessed Value: 1507913
  • Assessor Parcel Number: 5177-020-004
  • Lot Size Area: 7004

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.46
  • Number Of Units: 4
  • Total Annual Expense: 35405
  • Type Of Units: Multi-Family
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 4,345

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2024
Closed on
Feb 12, 2025
Sold by
1601-1603 Fairfax Llc
Bought by
Yeganeh-Tajian Elena and Tajian Afshin
Seller's Agent
Joshua Luchs
Kidder Mathews of California, Inc.
Buyer's Agent
Shawn Raoufpour
Gold Realty
List Price
$1,950,000
Sold Price
$1,850,000
Premium/Discount to List
-$100,000
-5.13%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.09%
Original Mortgage
$900,000
Outstanding Balance
$898,500
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$959,722

Purchase Details

Closed on
May 16, 2019
Sold by
Stay Mellow Llc
Bought by
1601 1603 Fairfax Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,004,150
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2016
Sold by
Chiron Investments Llc
Bought by
Stay Mellow Llc

Purchase Details

Listed on
Jun 10, 2015
Closed on
Oct 21, 2015
Sold by
Xiao Wei and Yan Min
Bought by
Chiron Investments Llc
Seller's Agent
Hua Wang
NETWORK MARKETING REALTY, INC
Buyer's Agent
JoAnna Selby
JohnHart Real Estate
List Price
$420,000
Sold Price
$398,000
Premium/Discount to List
-$22,000
-5.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.16%

Purchase Details

Listed on
Apr 22, 2013
Closed on
Jul 3, 2013
Sold by
Pena Alvaro C and Pena Guadalupe
Bought by
Xiao Wei and Yan Min
Seller's Agent
Lorena Madrid
Supreme Realty
Buyer's Agent
Hua Wang
NETWORK MARKETING REALTY, INC
List Price
$339,000
Sold Price
$335,000
Premium/Discount to List
-$4,000
-1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.64%
Original Mortgage
$180,000
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 21, 2011
Sold by
Pena Alvaro C and Pena Guadalupe
Bought by
Pena Alvaro C and Pena Guadalupe

Purchase Details

Closed on
Feb 8, 1999
Sold by
Pena Alvaro C
Bought by
Pena Alvaro C and Pena Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.78%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,850,000 Ticor Title Company
Grant Deed $1,434,500 Priority Title
Grant Deed -- None Available
Grant Deed $398,000 Fidelity National Title
Grant Deed $300,000 Stewart Title Of Ca Inc
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $900,000 New Conventional
Previous Owner $1,004,150 New Conventional
Previous Owner $924,000 Adjustable Rate Mortgage/ARM
Previous Owner $180,000 Adjustable Rate Mortgage/ARM
Previous Owner $38,400 Unknown
Previous Owner $50,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Price Changed $2,895 -3.3% $2 / Sq Ft
05/19/2025 05/19/25 Price Changed $2,995 -6.4% $2 / Sq Ft
04/28/2025 04/28/25 For Rent $3,200 0.0% --
02/21/2025 02/21/25 Sold $1,850,000 -5.1% $335 / Sq Ft
11/18/2024 11/18/24 For Sale $1,950,000 +35.9% $353 / Sq Ft
12/16/2019 12/16/19 Sold $1,434,500 -4.0% $260 / Sq Ft
10/23/2019 10/23/19 Pending -- -- --
09/03/2019 09/03/19 Price Changed $1,495,000 -3.5% $271 / Sq Ft
08/26/2019 08/26/19 For Sale $1,549,000 +289.2% $280 / Sq Ft
10/30/2015 10/30/15 Sold $398,000 -5.2% $253 / Sq Ft
09/28/2015 09/28/15 Pending -- -- --
06/10/2015 06/10/15 For Sale $420,000 +25.4% $267 / Sq Ft
06/28/2013 06/28/13 Sold $335,000 -1.2% $181 / Sq Ft
04/24/2013 04/24/13 Pending -- -- --
03/09/2013 03/09/13 For Sale $339,000 -- $184 / 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
2024 $19,187 $1,538,071 $643,320 $894,751
2023 $18,821 $1,507,913 $630,706 $877,207
2022 $17,955 $1,478,347 $618,340 $860,007
2021 $17,716 $1,449,361 $606,216 $843,145
2019 $12,293 $989,235 $422,360 $566,875
2018 $12,152 $969,839 $414,079 $555,760
2016 $4,997 $398,000 $320,000 $78,000
2015 $3,901 $305,993 $173,396 $132,597
2014 $3,958 $300,000 $170,000 $130,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-466805

The MLS

APN: 5177-020-004