NOT LISTED FOR SALE

2536 Wabash Ave Los Angeles, CA 90033

Boyle Heights Neighborhood

Estimated Value: $899,659 - $1,171,000

2 Beds
1 Bath
3,168 Sq Ft
$320/Sq Ft Est. Value

Last Sold January 15, 2014

Last sale price $455,000 $144 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $5,947/month

259 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • James A. Garfield Senior High School Rated A
  • Carpet
  • 3-minute walk to Wabash Recreation Center

About This Home

As of January 2014

********STANDARD SALE*********GREAT 4 UNITS INVESTMENT PROPERTY. ALL UNITS ARE TENANT OCCUPIED. NEWER BUILDING FOR EAST LOS ANGELES.

Last Agent to Sell the Property

HECTOR LEAL

HECTOR LEAL, BROKER License #01184238 Listed on: 10/18/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,145

Year Built

  • Built in 1972

Lot Details

  • 6,040 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Unassigned Parking

Home Design

  • 3,168 Sq Ft Home
  • Property Attached

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace
  • Source of electricity is unknown
  • Phone Available

Additional Features

  • Gas Cooktop
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 8 / 2
  • Tax Tract Number 5177
  • Assessor Parcel Number 5177014008

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,000
  • Water Sewer Expense $3,000
  • New Taxes Expense $3,864
  • Gross Income $3,120
  • Net Operating Income $30,016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,145

Year Built

Built in 1972

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 3000.00
  • Property Type: Residential Income
  • Parcel Number: 5177014008
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 143.62

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available, Phone Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Electric: Electricity - Unknown
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size: 6098
  • Lot Size Sq Ft: 6040.00
  • Lot Size Acres: 0.1390

Multi Family

  • Average1 Bed Area: 792
  • Average2 Bed Area: 792
  • Average3 Bed Area: 792
  • Gross Income: 3120.00
  • Gross Scheduled Income: 38880.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 6040.0000 Square Feet
  • Net Operating Income: 30016.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 8864.00
  • Other Income Description: washer
  • Rent Control: Yes
  • Total Actual Rent: 3240.00

Tax Info

  • New Taxes Expense: 3864.00
  • Tax Block: 2
  • Tax Lot: 8
  • Tax Tract Number: 5177
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2013
Closed on
Dec 16, 2013
Sold by
Gonzalez Yareli Delgado
Bought by
Lopez Efren
Seller's Agent
HECTOR LEAL
HECTOR LEAL, BROKER
List Price
$599,000
Sold Price
$455,000
Premium/Discount to List
-$144,000
-24.04%
Current Estimated Value
$1,013,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$558,415
Avg. Annual Appreciation
6.98%

Purchase Details

Closed on
Sep 17, 2013
Sold by
Lopez Efren
Bought by
Guzman Michael Jason and Guzman Silvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,250
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2000
Sold by
Yanez Emilia and Yanez Ricardo
Bought by
Lopez Efren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,599
Interest Rate
8.01%

Purchase Details

Closed on
Dec 13, 1995
Sold by
Yanez Armando
Bought by
Yanez Armando and Yanez Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lopez Efren -- Stewart Title Of Ca Inc
Guzman Michael Jason $455,000 Stewart Title Of Ca Inc
Lopez Efren $232,500 American Title Co
Yanez Armando -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guzman Michael Jason $341,250
Previous Owner Lopez Efren $230,599
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2014 01/15/14 Sold $455,000 -24.0% $144 / Sq Ft
12/19/2013 12/19/13 Pending -- -- --
04/04/2013 04/04/13 For Sale $599,000 -- $189 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,145 $557,756 $245,166 $312,590
2024 $7,145 $546,820 $240,359 $306,461
2023 $7,014 $536,099 $235,647 $300,452
2022 $6,703 $525,588 $231,027 $294,561
2021 $6,608 $515,284 $226,498 $288,786
2019 $6,420 $500,002 $219,781 $280,221
2018 $6,303 $490,199 $215,472 $274,727
2016 $6,005 $471,166 $207,106 $264,060
2015 $5,921 $464,090 $203,996 $260,094
2014 $3,817 $285,781 $111,238 $174,543
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2014

    HECTOR LEAL

    HECTOR LEAL, BROKER

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV13072245

California Regional Multiple Listing Service (CRMLS)

APN: 5177-014-008

California Los Angeles County Los Angeles 90033 Boyle Heights

2536 Wabash Ave, Los Angeles, CA

Not Listed for Sale

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