NOT LISTED FOR SALE

2747 Malabar St Los Angeles, CA 90033

Boyle Heights Neighborhood

Estimated Value: $705,000 - $839,004

4 Beds
2 Baths
1,751 Sq Ft
$438/Sq Ft Est. Value

Last Sold May 13, 2020

Last sale price $592,500 $338 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,718/month

48 Days on Market

About This Home

As of May 2020

!!!Excellent Investment Opportunity!!! This Duplex is located in the heart of BOYLE HEIGHTS!!! This Property is centrally located walking distance to USC Hospital and a quick drive from Downtown Los Angeles, the Art District, China Town and Dodgers Stadium. One unit is 2 bedroom 1 bath and second unit 1 bedroom 1 bath,PLUS BONUS ROOM 1 bed/ 1 bath. New windows and paint through out the house. Tenant occupied. Please do not disturb tenants. One unit will be delivered vacant. Also the bonus room will be vacant. Garage can be converted into ADU!!! Don't miss this amazing opportunity!!!

Last Agent to Sell the Property

Maria Leon

Excellence RE Real Estate License #01447706 Listed on: 02/28/2020

Excellence RE Real Estate

Last Buyer's Agent

Maria Leon

Excellence RE Real Estate License #01447706 Listed on: 02/28/2020

Excellence RE Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,962

Year Built

  • Built in 1923

Lot Details

  • 5,850 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 1,751 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Legal Lot and Block 11 / L
  • Assessor Parcel Number 5177024011

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $100
  • Insurance Expense $840
  • Trash Expense $50
  • Water Sewer Expense $270
  • New Taxes Expense $5,400
  • Operating Expense $6,660
  • Gross Income $14,400
  • Net Operating Income $7,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,962

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 270.00
  • Zoning: LAR2
  • Property Type: Residential Income
  • Parcel Number: 5177024011
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 338.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5850.00
  • Lot Size Acres: 0.1343

Multi Family

  • Electric Expense: 100.00
  • Gross Income: 14400.00
  • Gross Scheduled Income: 14400.00
  • Insurance Expense: 840.00
  • Lot Size Area: 5850.0000 Square Feet
  • Net Operating Income: 7740.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 6660.00
  • Rent Control: Yes
  • Total Expenses: 6660.00

Tax Info

  • New Taxes Expense: 5400.00
  • Tax Block: L
  • Tax Census Tract: 2037.10
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2020
Closed on
May 7, 2020
Sold by
Magallanes Mario
Bought by
Magallanes Jaime E and Duarte Maritza V
Seller's Agent
Maria Leon
Excellence RE Real Estate
Buyer's Agent
Maria Leon
Excellence RE Real Estate
List Price
$629,900
Sold Price
$592,500
Premium/Discount to List
-$37,400
-5.94%
Current Estimated Value
$767,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,001
Avg. Annual Appreciation
4.78%

Purchase Details

Closed on
Dec 20, 2004
Sold by
Reina Aurora
Bought by
Magallanes Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 30, 2004
Sold by
Castlegate Funding Llc
Bought by
Magallanes Mario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2004
Sold by
Lara Luis
Bought by
Castlegate Funding Llc

Purchase Details

Closed on
Dec 11, 2002
Sold by
Lorenzana Austin J
Bought by
Lara Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
7.55%

Purchase Details

Closed on
Jan 8, 2002
Sold by
Ruiz Sandra C
Bought by
Ruiz Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,473
Interest Rate
7.01%

Purchase Details

Closed on
Dec 12, 2001
Sold by
Stratford Rentals Llc
Bought by
Ruiz Javier

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,473
Interest Rate
7.01%

Purchase Details

Closed on
Sep 6, 2001
Sold by
Lopez Nicolas
Bought by
Stratford Rentals Llc

Purchase Details

Closed on
Nov 2, 1999
Sold by
Homecomings Financial Network
Bought by
Lopez Nicolas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,250
Interest Rate
4.45%

Purchase Details

Closed on
Jan 15, 1999
Sold by
Carbajal Jose
Bought by
Homecomings Financial Network Inc

Purchase Details

Closed on
May 27, 1997
Sold by
Carbajal Jose
Bought by
Hubbard Zivit and Hubbard Ron

Purchase Details

Closed on
Aug 29, 1994
Sold by
Jimenez Ramona M
Bought by
Carbajal Jose and Jimenez Ramona M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,597
Interest Rate
8.57%
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
Magallanes Jaime E $124,500 Ticor Title Company Of Ca
Magallanes Mario -- --
Magallanes Mario $390,000 Equity Title
Castlegate Funding Llc $274,100 --
Lara Luis $265,000 Gateway Title Company
Ruiz Javier -- Commerce Title
Ruiz Javier $153,000 Commerce Title
Stratford Rentals Llc $115,600 Lawyers Title Company
Lopez Nicolas $115,000 First American
Homecomings Financial Network Inc $76,500 --
Hubbard Zivit -- --
Urbayan Teodoro S -- --
Carbajal Jose -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magallanes Mario $312,000
Previous Owner Lara Luis $212,000
Previous Owner Ruiz Javier $173,473
Previous Owner Lopez Nicolas $109,250
Previous Owner Carbajal Jose $97,597
Closed Lara Luis $53,000
Closed Magallanes Mario $78,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2020 05/13/20 Sold $592,500 -5.9% $338 / Sq Ft
02/28/2020 02/28/20 For Sale $629,900 +121.0% $360 / Sq Ft
11/30/2018 11/30/18 Sold $285,000 0.0% $164 / Sq Ft View Prior Sale
10/23/2017 10/23/17 Price Changed $285,000 0.0% $164 / Sq Ft
10/08/2017 10/08/17 Pending -- -- --
09/18/2017 09/18/17 Off Market $285,000 -- --
09/06/2017 09/06/17 Price Changed $500,000 -9.1% $287 / Sq Ft
07/11/2017 07/11/17 Price Changed $550,000 -3.5% $316 / Sq Ft
02/23/2017 02/23/17 For Sale $570,000 -- $327 / 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 $7,962 $647,982 $382,774 $265,208
2024 $7,962 $635,277 $375,269 $260,008
2023 $7,811 $622,821 $367,911 $254,910
2022 $7,451 $610,610 $360,698 $249,912
2021 $7,481 $598,638 $353,626 $245,012
2019 $6,041 $487,321 $262,404 $224,917
2018 $5,954 $477,766 $257,259 $220,507
2016 $5,683 $459,216 $247,270 $211,946
2015 $5,602 $452,319 $243,556 $208,763
2014 $5,630 $443,460 $238,786 $204,674
Source: Public Records

Agents Affiliated with this Home

  • Maria Leon

    Seller's Agent in 2020

    Maria Leon

    Excellence RE Real Estate

    (213) 550-9549

    109 Total Sales

    Maria Leon
    Section Image

  • V

    Seller's Agent in 2018

    Victor Soto

    Century 21 Allstars

    (323) 667-6636

    1 in this area

    39 Total Sales

    Victor Soto
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS20038996

California Regional Multiple Listing Service (CRMLS)

APN: 5177-024-011

California Los Angeles County Los Angeles 90033 Boyle Heights

2747 Malabar St, Los Angeles, CA

Not Listed for Sale

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