$750,000
SOLD MAR 21, 2018

2541 Boulder St Los Angeles, CA 90033

6 Beds
4 Baths
3,704 Sq Ft
6,858 Sq Ft Lot

Recently Sold

$202 Per Sq Ft

29 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Wood Flooring
  • Neighborhood Views
  • Felicitas and Gonzalo Mendez High Rated A-
  • Corner Lot
  • Steep Slope

About This Home

As of August 2021

Great Investment opportunity! Four large units in the up and coming area of Boyle Heights.

PROPERTY BEING SOLD IN AS IS CONDITION. BUYER TO ASSUME CITY'S ORDER TO COMPLY. SELLER IS COOPERATING BY EVICTING ALL TENANTS LEGALLY! THIS IS A GREAT OPPORTUNITY TO ACQUIRE A CASHFLOW PROPERTY FROM SCRATCH. CONTACT AGENT FOR MORE DETAILS.

Last Agent to Sell the Property

Marco Otero

Century 21 A Better Service License #01952996 Listed on: 01/01/2018

Century 21 A Better Service

Co-Listed By

Ruben Sarinana Jr

Century 21 A Better Service License #01016100

Last Buyer's Agent

Blake Hood

Compass License #01942790

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,954

Year Built

  • Built in 1925

Lot Details

  • 6,858 Sq Ft Lot
  • Lot Dimensions are 49'x140'
  • Property fronts a highway
  • Two or More Common Walls
  • Southeast Facing Home
  • Corner Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Steep Slope
  • Off-Street Parking

Home Design

  • Property Attached
  • Cosmetic Repairs Needed
  • Major Repairs Completed
  • Fixer Upper
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 3,704 Sq Ft Home
  • Living Room
  • Neighborhood Views

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Wall Furnace
  • Phone Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Legal Lot and Block 14 / 7
  • Tax Tract Number 14
  • Assessor Parcel Number 5177023015

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,800
  • Trash Expense $1,400
  • Water Sewer Expense $1,400
  • New Taxes Expense $4,982
  • Operating Expense $10,582
  • Gross Income $36,480
  • Net Operating Income $30,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,954

Year Built

Built in 1925

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street, Highway
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1400.00
  • Zoning: LAR3
  • Property Condition: Fixer, Repairs Cosmetic, Repairs Major
  • Property Type: Residential Income
  • Parcel Number: 5177023015
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Vinyl, Wood
  • Levels: One
  • Price Per Square Foot: 202.48
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room

Exterior Features

  • Direction Faces: Southeast
  • Foundation: Raised
  • View: Neighborhood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage, Off Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1400.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lot 6500-9999, Steep Slope, Up Slope from Street
  • Lot Size: 49'x140'
  • Lot Size Sq Ft: 6858.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Electric Expense: 2800.00
  • Gross Operating Income: 36480.00
  • Gross Scheduled Income: 36480.00
  • Net Operating Income: 30880.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Carpet: 2
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 5600.00
  • Operating Expense Percent: 15.00
  • Rent Control: Yes
  • Total Actual Rent: 3040.00
  • Total Expenses: 10582.00

Tax Info

  • New Taxes Expense: 4982.00
  • Tax Block: 7
  • Tax Census Tract: 2037.20
  • Tax Lot: 14
  • Tax Tract Number: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Aug 4, 2021
Sold by
Barrios Jarrett
Bought by
Sathienvantanee Kanin and Sathienvantanee Christina Sophia
Seller's Agent
Marco Otero
Century 21 A Better Service
Buyer's Agent
Will Tiao
The Collective Realty
List Price
$1,100,000
Sold Price
$1,066,000
Premium/Discount to List
-$34,000
-3.09%
Current Estimated Value
$1,228,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,304
Avg. Annual Appreciation
3.65%
Original Mortgage
$799,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 1, 2018
Closed on
Mar 16, 2018
Sold by
Shah Eric and Shah Daxa E
Bought by
Barrios Jarrett
Seller's Agent
Marco Otero
Century 21 A Better Service
Buyer's Agent
Blake Hood
Compass
List Price
$750,000
Sold Price
$750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.83%
Original Mortgage
$562,500
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2012
Sold by
Partners Capital Solutions Equity Fund I
Bought by
Shah Eric and Shah Daxa E

Purchase Details

Closed on
Jun 20, 2011
Sold by
Rosales Luis M and Rosales Maria
Bought by
Partners Capital Solutions Equity Fund 1

Purchase Details

Closed on
Jan 5, 2010
Sold by
Zepeda David and The Albert & France Guston & D
Bought by
Zepeda David and The Robert & Janis Mann & Fran

Purchase Details

Closed on
Dec 9, 2009
Sold by
Rosales Luis M and Rosales Ana Maria
Bought by
Zepeda David and The David & Chris Rose & Sam &

Purchase Details

Closed on
Jun 8, 2001
Sold by
Banda Daniela G
Bought by
Rosales Luis M and Rosales Maria

Purchase Details

Closed on
Jan 18, 2001
Sold by
Santos Investments
Bought by
Banda Daniela G

Purchase Details

Closed on
Jan 9, 2001
Sold by
Santos Irene
Bought by
Santos Investments

Purchase Details

Closed on
Mar 6, 2000
Sold by
Bow Rebecca and Falcon Antoinette
Bought by
Santos Irene

Purchase Details

Closed on
Feb 29, 2000
Sold by
Santos Ricardo
Bought by
Santos Irene
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 $1,066,000 Lawyers Title
Grant Deed $750,000 Lawyers Title
Grant Deed $350,000 Fidelity National Title Co
Trustee Deed -- Provident Title Company
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Grant Deed -- --
Corporate Deed $319,000 American Title Co
Gift Deed -- American Title Co
Grant Deed $180,000 Gateway Title Company
Interfamily Deed Transfer -- Gateway Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $799,500 New Conventional
Closed $799,500 New Conventional
Previous Owner $562,500 New Conventional
Previous Owner $562,500 New Conventional
Previous Owner $500,000 Credit Line Revolving
Previous Owner $262,500 New Conventional
Previous Owner $520,000 Negative Amortization
Previous Owner $388,000 Fannie Mae Freddie Mac
Previous Owner $320,000 Unknown
Previous Owner $304,225 FHA
Previous Owner $187,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $1,066,000 -3.1% $287 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $1,100,000 +46.7% $296 / Sq Ft
03/21/2018 03/21/18 Sold $750,000 0.0% $202 / Sq Ft
01/30/2018 01/30/18 Pending -- -- --
01/01/2018 01/01/18 For Sale $750,000 -- $202 / 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 $13,954 $1,131,246 $642,030 $489,216
2024 $13,954 $1,109,066 $629,442 $479,624
2023 $13,690 $1,087,320 $617,100 $470,220
2022 $13,065 $1,066,000 $605,000 $461,000
2021 $9,877 $788,383 $499,309 $289,074
2020 $9,972 $780,300 $494,190 $286,110
2019 $9,590 $765,000 $484,500 $280,500
2018 $5,087 $386,363 $309,091 $77,272
2016 $4,833 $371,362 $297,090 $74,272
2015 $4,767 $365,785 $292,628 $73,157
2014 $4,808 $358,620 $286,896 $71,724
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18005952

California Regional Multiple Listing Service (CRMLS)

APN: 5177-023-015