NOT LISTED FOR SALE

2725 Michigan Ave Los Angeles, CA 90033

Boyle Heights Neighborhood

Estimated Value: $820,000 - $1,008,000

4 Beds
3 Baths
1,866 Sq Ft
$494/Sq Ft Est. Value

Last Sold June 17, 2021

Last sale price $690,000 $370 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $5,640/month

Highlights

  • No HOA
  • Felicitas and Gonzalo Mendez High Rated A-
  • Laundry Room

About This Home

As of June 2021

Golden opportunity to purchase a home with income, or an investment property. Both homes are 3 bedroom, 1 bath, each with a laundry room. The front home is presently tenant occupied (remains) while the rear home is vacant. This is a Trust Sale, being sold as-is. There is alley access to the parking area behind.

Last Agent to Sell the Property

Dan Jordinelli

Daniel Jordinelli License #00797904 Listed on: 05/03/2021

Last Buyer's Agent

Eliazandy Salas

Rigby & Associates R.E. Svc. License #01379589

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,035

Year Built

  • Built in 1965

Lot Details

  • 5,400 Sq Ft Lot
  • No Common Walls

Home Design

  • Cosmetic Repairs Needed

Parking

  • Parking Available
  • Combination Of Materials Used In The Driveway
  • Parking Lot

Additional Features

  • Laundry Room
  • Sewer Paid

Listing and Financial Details

  • Assessor Parcel Number 5180017026

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Not Applicable 105 Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,035

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Assessments: No
  • Inclusions: Tenant in front home.
  • Price Per Unit: 345000
  • Property Attached: No
  • View: No
  • Zoning: LAR2
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 5180017026
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Levels: One, Two

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway - Combination, Parking Space

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Sewer Paid

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 5400.00
  • Lot Size Acres: 0.1240

Multi Family

  • Lot Size Area: 5400.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Jun 4, 2021
Sold by
Sauno Ernesto
Bought by
Sauno Loraine Garcia
Seller's Agent
Dan Jordinelli
Daniel Jordinelli
Buyer's Agent
Eliazandy Salas
Rigby & Associates R.E. Svc.
List Price
$689,000
Sold Price
$690,000
Premium/Discount to List
$1,000
0.15%
Current Estimated Value
$921,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,722
Avg. Annual Appreciation
6.90%
Original Mortgage
$677,502
Outstanding Balance
$612,056
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$309,666

Purchase Details

Listed on
May 3, 2021
Closed on
May 13, 2021
Sold by
Henry And Dolores Padilla Trust
Bought by
Sauno Joshua Ernesto and Sauno Loraine Garcia
Seller's Agent
Dan Jordinelli
Daniel Jordinelli
Buyer's Agent
Eliazandy Salas
Rigby & Associates R.E. Svc.
List Price
$689,000
Sold Price
$690,000
Premium/Discount to List
$1,000
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$677,502
Outstanding Balance
$612,056
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$309,666

Purchase Details

Closed on
Jun 3, 2010
Sold by
Padilla Henry and Padilla Dolores
Bought by
Padilla Henry and Padilla Dolores V
Source: Public Records

Range of Values:

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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
Sauno Loraine Garcia -- Provident Title
Sauno Joshua Ernesto $690,000 Provident Title
Padilla Henry -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sauno Joshua Ernesto $677,502
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2021 06/17/21 Sold $690,000 +0.1% $370 / Sq Ft
06/13/2021 06/13/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $689,000 0.0% $369 / Sq Ft
04/30/2021 04/30/21 Price Changed $689,000 -- $369 / 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 $9,035 $746,875 $524,978 $221,897
2024 $9,035 $732,232 $514,685 $217,547
2023 $8,861 $717,876 $504,594 $213,282
2022 $8,449 $703,800 $494,700 $209,100
2021 $921 $58,612 $20,814 $37,798
2020 $923 $58,012 $20,601 $37,411
2019 $896 $56,876 $20,198 $36,678
2018 $826 $55,761 $19,802 $35,959
2016 $767 $53,597 $19,034 $34,563
2015 $757 $52,793 $18,749 $34,044
2014 $772 $51,760 $18,382 $33,378
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Dan Jordinelli

    Daniel Jordinelli

    (323) 702-6048

    1 in this area

    21 Total Sales

    Dan Jordinelli
    Section Image

  • E

    Buyer's Agent in 2021

    Eliazandy Salas

    Rigby & Associates R.E. Svc.

    (714) 353-3607

    1 in this area

    50 Total Sales

    Eliazandy Salas
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 320005904

California Regional Multiple Listing Service (CRMLS)

APN: 5180-017-026

California Los Angeles County Los Angeles 90033 Boyle Heights

2725 Michigan Ave, Los Angeles, CA

This home is located at 2725 Michigan Ave, Los Angeles, CA 90033 since 03 May 2021 and is currently estimated at $921,722, approximately $493 per square foot. This property was built in 1965. 2725 Michigan Ave is a home located in Los Angeles County with nearby schools including First Street Elementary School, Hollenbeck Middle School, and Theodore Roosevelt High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

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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