NOT LISTED FOR SALE

2575 Lancaster Ave Los Angeles, CA 90033

Boyle Heights Neighborhood

Estimated Value: $614,000 - $722,051

2 Beds
2 Baths
1,296 Sq Ft
$513/Sq Ft Est. Value

Last Sold March 27, 2018

Last sale price $445,000 $343 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $4,019/month

142 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Tile Flooring
  • Lincoln High School Rated A-
  • Laundry Room
  • 4-minute walk to Crusado Park

About This Home

As of March 2018

STANDARD SALE Beautiful duplex. Great for investor to buy and hold. Two units 1 Bed 1 Bath each, stay in one and rent the other. Very close to I-10 freeway Only 10 minutes away from downtown LA.
Walking distance to USC Health Sciences Campus.

Last Agent to Sell the Property

RAMY KODSY

Continental Pacific Realty License #01973275 Listed on: 09/19/2017

Last Buyer's Agent

Hao Nguyen

Budget Investment Realty License #01068846

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 4,234 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • 1,296 Sq Ft Home
  • Duplex

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Bedrooms Down
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot #
  • Assessor Parcel Number 5202013015

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $50
  • Water Sewer Expense $65
  • New Taxes Expense $2,500
  • Operating Expense $115
  • Gross Income $11,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

4,234 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 65.00
  • Zoning: LARD2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5202013015
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Levels: One
  • Price Per Square Foot: 343.36
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4234.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 11400.00
  • Gross Scheduled Income: 11400.00
  • Insurance Expense: 50.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Expenses: 115.00

Tax Info

  • New Taxes Expense: 2500.00
  • Tax Census Tract: 2031.00
  • Tax Lot: #
  • Tax Tract Number: #

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2017
Closed on
Mar 18, 2018
Sold by
Nguyen Suong
Bought by
Nguyen Kinh
Seller's Agent
RAMY KODSY
Continental Pacific Realty
Buyer's Agent
Hao Nguyen
Budget Investment Realty
List Price
$475,000
Sold Price
$445,000
Premium/Discount to List
-$30,000
-6.32%
Current Estimated Value
$664,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,763
Avg. Annual Appreciation
5.15%
Original Mortgage
$330,000
Outstanding Balance
$282,381
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$382,382

Purchase Details

Listed on
Sep 19, 2017
Closed on
Mar 8, 2018
Sold by
Macias Miriam G Mora
Bought by
Nguyen Vi and Nguyen Kinh
Seller's Agent
RAMY KODSY
Continental Pacific Realty
Buyer's Agent
Hao Nguyen
Budget Investment Realty
List Price
$475,000
Sold Price
$445,000
Premium/Discount to List
-$30,000
-6.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$282,381
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$382,382

Purchase Details

Closed on
Jun 15, 2006
Sold by
Macias Bruno
Bought by
Macias Miriam G Mora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
7.03%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 5, 2002
Sold by
Hud
Bought by
Corona Miriam G Mora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,750
Interest Rate
6.37%

Purchase Details

Closed on
Mar 5, 2002
Sold by
Citimortgage Inc
Bought by
Hud

Purchase Details

Closed on
Apr 27, 2001
Sold by
Griego Nicholas F
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Oct 1, 1998
Sold by
Griego Nicholas F
Bought by
Griego Nicholas F and Galaviz Elva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,434
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 5, 1998
Sold by
Santillan Elizabeth
Bought by
Griego Nicholas F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,434
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 13, 1998
Sold by
Luna Richard S
Bought by
Santillan Elizabeth
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Nguyen Kinh -- Stewart Title
Nguyen Vi $445,000 Advantage Title
Macias Miriam G Mora -- Old Republic Title
Macias Miriam G Mora -- Old Republic Title
Corona Miriam G Mora $165,000 Stewart Title
Hud -- --
Mortgage Electronic Registration Systems $147,296 --
Griego Nicholas F -- --
Griego Nicholas F $133,000 American Title Co
Santillan Elizabeth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Vi $330,000
Previous Owner Macias Miriam G Mora $306,000
Previous Owner Corona Miriam G Mora $156,750
Previous Owner Griego Nicholas F $133,434
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2018 03/27/18 Sold $445,000 -3.3% $343 / Sq Ft
02/08/2018 02/08/18 Pending -- -- --
11/11/2017 11/11/17 Price Changed $460,000 -3.2% $355 / Sq Ft
09/19/2017 09/19/17 For Sale $475,000 -- $367 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $6,261 $506,327 $278,764 $227,563
2024 $6,261 $496,400 $273,299 $223,101
2023 $6,143 $486,668 $267,941 $218,727
2022 $5,861 $477,127 $262,688 $214,439
2021 $5,788 $467,773 $257,538 $210,235
2019 $5,617 $453,900 $249,900 $204,000
2018 $2,628 $210,014 $133,647 $76,367
2016 $2,500 $201,860 $128,458 $73,402
2015 $2,464 $198,829 $126,529 $72,300
2014 $2,483 $194,935 $124,051 $70,884
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    RAMY KODSY

    Continental Pacific Realty

  • H

    Buyer's Agent in 2018

    Hao Nguyen

    Budget Investment Realty

    (562) 688-6801

    2 Total Sales

    Hao Nguyen
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV17220821

California Regional Multiple Listing Service (CRMLS)

APN: 5202-013-015

California Los Angeles County Los Angeles 90033 Boyle Heights

2575 Lancaster Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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