NOT LISTED FOR SALE

2508 Pennsylvania Ave Los Angeles, CA 90033

Estimated Value: $1,125,016 - $1,153,000

6 Beds
6 Baths
3,479 Sq Ft
$327/Sq Ft Est. Value

Last Sold May 24, 2013

Last sale price $515,000 $148 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $6,904/month

152 Days on Market

About This Home

As of May 2013

Very clean six unit building in Boyle Heights. All one bedroom/one bath units with huge upside in the rents. Great investment for a first time buyer. Close to downtown, shops and transportation.

Last Agent to Sell the Property

Michael Salerno

Michael Anthony Salerno License #01212427 Listed on: 12/13/2012

Michael Anthony Salerno

Last Buyer's Agent

Moses Kagan

Adaptive Realty, Inc. License #01864027

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,524

Year Built

  • Built in 1962

Lot Details

  • 5,453

Parking

  • 1 Parking Space

Interior Spaces

  • 3,479 Sq Ft Home
  • 2-Story Property

Additional Features

  • 5,453 Sq Ft Lot
  • Sewer in Street

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5180-007-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,524

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3479
  • Stories: 2
  • Year Built: 1962
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Dining Room: 0
  • Family Room: 0
  • Den: 0
  • Price Per S Q F T: 150.91

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Total Parking: 1

Utilities

  • Sewer: In Street

Fee Information

  • Maintenance Expense: 3146.00
  • Other Expense: 736.00

Lot Info

  • Assessed Improvement Value: 206053
  • Assessed Land Value: 241233
  • Assessor Parcel Number: 5180-007-016
  • Geocode Override: No
  • Lot Size Area: 5453

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 11.40
  • Number Of Units: 6
  • Total Annual Expense: 16726
  • Type Of Units: Apartments
  • Vacancy Rate: $2,304

Tax Info

  • Tax Expense: 6300.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2012
Closed on
May 16, 2013
Sold by
Leeds Frederick H and Leeds Intervivos T Frederick H
Bought by
Nela Holdings Llc
Seller's Agent
Michael Salerno
Michael Anthony Salerno
Buyer's Agent
Moses Kagan
Adaptive Realty, Inc.
List Price
$525,000
Sold Price
$515,000
Premium/Discount to List
-$10,000
-1.9%
Current Estimated Value
$1,139,008

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$624,008
Avg. Annual Appreciation
6.66%

Purchase Details

Closed on
Aug 7, 2008
Sold by
Theraube Ana M
Bought by
Leeds Frederick H and Leeds Intervivos T Frederick H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
6.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 16, 2008
Sold by
Ramos Jorge
Bought by
Ramos Dora

Purchase Details

Closed on
May 7, 2004
Sold by
Sandoval Martin and Sandoval Rachel
Bought by
Theraube Ana M

Purchase Details

Closed on
Aug 15, 2003
Sold by
Rodriguez Manuel
Bought by
Theraube Ana M

Purchase Details

Closed on
May 3, 2000
Sold by
Chairez Yolanda A
Bought by
Chairez Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
8.53%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 26, 2000
Sold by
Chairez Ruben P
Bought by
Rodriguez Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
8.53%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 29, 1995
Sold by
Chairez Ruben and Baughman Anna Marie
Bought by
Chairez Ruben P
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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
Nela Holdings Llc $510,005 Fidelity
Leeds Frederick H -- First American Title Company
Ramos Dora -- None Available
Theraube Ana M $70,000 --
Theraube Ana M $290,000 Southland Title
Chairez Ruben -- Fidelity Title
Rodriguez Manuel $155,000 Fidelity Title
Chairez Ruben P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nela Holdings Llc $1,075,000
Closed Nela Holdings Llc $1,125,000
Previous Owner Leeds Frederick H $206,000
Previous Owner Rodriguez Manuel $124,000
Closed Rodriguez Manuel $47,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2013 05/24/13 Sold $515,000 -1.9% $148 / Sq Ft
05/14/2013 05/14/13 Pending -- -- --
12/13/2012 12/13/12 For Sale $525,000 -- $151 / 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 $8,524 $648,725 $184,707 $464,018
2024 $8,524 $636,006 $181,086 $454,920
2023 $8,372 $623,536 $177,536 $446,000
2022 $7,666 $611,310 $174,055 $437,255
2021 $7,559 $599,325 $170,643 $428,682
2019 $7,340 $581,551 $165,583 $415,968
2018 $7,037 $551,949 $162,337 $389,612
2016 $6,703 $530,518 $156,034 $374,484
2015 $6,609 $522,550 $153,691 $368,859
2014 $6,667 $512,315 $150,681 $361,634
Source: Public Records

Agents Affiliated with this Home

  • Michael Salerno

    Seller's Agent in 2013

    Michael Salerno

    Michael Anthony Salerno

    (310) 202-9166

    32 Total Sales

    Michael Salerno
    Section Image

  • M

    Buyer's Agent in 2013

    Moses Kagan

    Adaptive Realty, Inc.

    (213) 330-2711

    2 Total Sales

    Moses Kagan
    Section Image
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Map

Source: The MLS

MLS Number: 13-645007

The MLS

APN: 5180-007-016

California Los Angeles County Los Angeles 90033

2508 Pennsylvania Ave, Los Angeles, CA

This home is located at 2508 Pennsylvania Ave, Los Angeles, CA 90033 since 13 December 2012 and is currently estimated at $1,139,008, approximately $327 per square foot. This property was built in 1962. 2508 Pennsylvania Ave is a home located in Los Angeles County with nearby schools including Breed Street Elementary School, Hollenbeck Middle School, and Theodore Roosevelt High School.

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