NOT LISTED FOR SALE

Estimated Value: $950,011

8 Beds
6 Baths
2,767 Sq Ft
$343/Sq Ft Est. Value

Sale Details

Date Sold: September 27, 2024

Last sale price $950,000 $343 Per Sq Ft

Current estimated payment $6,212 / mo

17 Days on Market

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 2024

Discover 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

Last Buyer's Agent

Mauro Farfan

Realty One Group Success License #01903714

Realty One Group Success
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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

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

6,726 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5189013005
  • Year Built: 1921
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Pantry, Storage
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Accessibility Features: Parking
  • Entry Level: 1
  • Levels: One, Two
  • Price Per Square Foot: 343.33
  • Room Type: All Bedrooms Down, Attic, Basement, Bonus Room, Den, Family Room, Foyer, Kitchen, Laundry, Living Room, Office, Recreation

Exterior Features

  • Fence: Yes
  • Fencing: Average Condition
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Common Area, Outside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6726.00
  • Lot Size Acres: 0.1544

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 8000.00
  • Gross Scheduled Income: 8000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 6726.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 2500.00
  • Other Income1: 1000.00
  • Other Income Description: Studio Rental $1,000
  • Rent Control: Yes
  • Total Expenses: 2500.00

Tax Info

  • Tax Census Tract: 2047.00
  • Tax Lot: 80
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 450.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2024
Closed on
Sep 20, 2024
Sold by
Bought by
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
$950,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11
Avg. Annual Appreciation
0.00%
Original Mortgage
$932,793
Outstanding Balance
$913,111
Interest Rate
6.49%
Mortgage Type
FHA
Estimated Equity
$36,900

Purchase Details

Listed on
Aug 1, 2024
Closed on
Aug 19, 2024
Sold by
Bought by
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
$913,111
Interest Rate
6.49%
Mortgage Type
FHA
Estimated Equity
$36,900

Purchase Details

Closed on
Nov 1, 2023
Sold by
Bought by

Purchase Details

Closed on
May 24, 2004
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Wfg National Title
$950,000 Wfg National Title
-- None Listed On Document
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $932,793
Previous Owner $40,000
Previous Owner $20,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,764 $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

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB24155946

California Regional Multiple Listing Service (CRMLS)

APN: 5189-013-005

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