R
Seller's Agent in 2024
Robert Soriano
CENTURY 21 MASTERS
2656 E 7th St Los Angeles, CA 90023
Boyle Heights NeighborhoodEstimated Value: $912,000 - $1,102,734
8
Beds
6
Baths
2,767
Sq Ft
$353/Sq Ft
Est. Value
Highlights
- Recreation Room
- Attic
- Home Office
- Soto Street Elementary School Rated 9+
- No HOA
- 2-minute walk to Boyle Heights Sports Center and Park
About This Home
As of September 2024Discover the charm of this exceptional duplex located at 2656 E 7th St in the heart of East Los Angeles. Nestled on the iconic 7th Street, this property boasts breathtaking views of Salesian High School and Downtown Los Angeles, offering an unmatched blend of comfort, convenience, and modern living. Perfect for families and investors alike, this duplex features two homes on one lot, with the back unit just built in 2014, ensuring contemporary amenities and design. Spanning an expansive 2,767 square feet, this property offers a spacious layout with 7 bedrooms and 6 baths, providing ample room for family and guests. Modern upgrades, including new copper plumbing, promise durability and peace of mind for years to come. Move-in ready with new interior paint and stylish vinyl flooring throughout, this home is ready for you to make it your own. Unwind on your porch after a long day and soak in the stunning views of Downtown LA. Parking is a breeze with a large two-door garage and the convenience of a double driveway, offering access from both Mott Street and 7th Street. Located in the vibrant community of East Los Angeles, this property provides easy access to local amenities, schools, and transportation. Enjoy the cultural and entertainment hubs of DTLA just a short distance away, while still relishing the peace and charm of a residential neighborhood. Don't miss out on this rare opportunity to own a versatile and modern duplex in one of LA’s most sought-after locations. Both units are vacant, making it an ideal option for immediate occupancy or rental investment. Whether you're seeking a new home for your family or a promising investment, 2656 E 7th St is the perfect choice.
Last Agent to Sell the Property
Robert Soriano
CENTURY 21 MASTERS Brokerage Phone: 562-237-3447 License #02026298 Listed on: 08/01/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1921
Lot Details
- 6,726 Sq Ft Lot
- No Common Walls
- Fenced
- Fence is in average condition
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
- 4 Carport Spaces
Home Design
- Duplex
- Entry on the 1st floor
Interior Spaces
- 2,767 Sq Ft Home
- 1-Story Property
- Entrance Foyer
- Family Room
- Living Room
- Home Office
- Recreation Room
- Bonus Room
- Storage
- Vinyl Flooring
- Attic
- Basement
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Washer Hookup
Additional Features
- Accessible Parking
- Exterior Lighting
- Floor Furnace
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 80
- Tax Tract Number 1
- Assessor Parcel Number 5189013005
- $450 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- Rent Control
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Insurance Expense $1,000
- Operating Expense $2,500
- Gross Income $8,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 1, 2024
Closed on
Sep 20, 2024
Sold by
Ponce Juan
Bought by
Ponce Beda Ruth Argueta
Seller's Agent
Robert Soriano
CENTURY 21 MASTERS
Buyer's Agent
Mauro Farfan
Realty One Group Success
List Price
$970,000
Sold Price
$950,000
Premium/Discount to List
-$20,000
-2.06%
Views
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,684
Avg. Annual Appreciation
1.95%
Original Mortgage
$932,793
Outstanding Balance
$921,446
Interest Rate
6.49%
Mortgage Type
FHA
Estimated Equity
$56,238
Purchase Details
Listed on
Aug 1, 2024
Closed on
Aug 19, 2024
Sold by
Juan Ramon Espinoza Living Trust and Espinoza Juan Ramon
Bought by
Ponce Beda Ruth Argueta
Seller's Agent
Robert Soriano
CENTURY 21 MASTERS
Buyer's Agent
Mauro Farfan
Realty One Group Success
List Price
$970,000
Sold Price
$950,000
Premium/Discount to List
-$20,000
-2.06%
Views
5
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$932,793
Outstanding Balance
$921,446
Interest Rate
6.49%
Mortgage Type
FHA
Estimated Equity
$56,238
Purchase Details
Closed on
Nov 1, 2023
Sold by
Espinoza Ramon Juan
Bought by
Espinoza Juan Ramon and Espinoza Juan Ramon
Purchase Details
Closed on
May 24, 2004
Sold by
Espinoza S Ma Guadalupe
Bought by
Espinoza Ramon Juan and Espinoza Juan Ramon
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ponce Beda Ruth Argueta | -- | Wfg National Title | |
| Ponce Beda Ruth Argueta | $950,000 | Wfg National Title | |
| Espinoza Juan Ramon | -- | None Listed On Document | |
| Espinoza Ramon Juan | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ponce Beda Ruth Argueta | $932,793 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/27/2024 09/27/24 | Sold | $950,000 | -2.1% | $343 / Sq Ft |
| 08/25/2024 08/25/24 | For Sale | $970,000 | +2.1% | $351 / Sq Ft |
| 08/19/2024 08/19/24 | Off Market | $950,000 | -- | -- |
| 08/16/2024 08/16/24 | For Sale | $970,000 | +2.1% | $351 / Sq Ft |
| 08/16/2024 08/16/24 | Off Market | $950,000 | -- | -- |
| 08/07/2024 08/07/24 | For Sale | $970,000 | +2.1% | $351 / Sq Ft |
| 08/05/2024 08/05/24 | Off Market | $950,000 | -- | -- |
| 08/01/2024 08/01/24 | For Sale | $970,000 | -- | $351 / 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 | $8,180 | $950,000 | $665,000 | $285,000 |
| 2024 | $8,180 | $644,305 | $231,380 | $412,925 |
| 2023 | $8,027 | $631,673 | $226,844 | $404,829 |
| 2022 | $7,661 | $619,289 | $222,397 | $396,892 |
| 2021 | $7,561 | $607,147 | $218,037 | $389,110 |
| 2020 | $7,633 | $600,923 | $215,802 | $385,121 |
| 2019 | $7,340 | $589,141 | $211,571 | $377,570 |
| 2018 | $6,987 | $560,000 | $201,100 | $358,900 |
| 2016 | $6,507 | $525,000 | $155,400 | $369,600 |
| 2015 | $5,276 | $396,211 | $126,100 | $270,111 |
| 2014 | $5,030 | $390,920 | $126,100 | $264,820 |
Source: Public Records
Agents Affiliated with this Home
-
-
Mauro Farfan
Buyer's Agent in 2024
Mauro Farfan
Realty One Group Success
(661) 284-7615
1 in this area
125 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MB24155946
APN: 5189-013-005
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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.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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