$619,000
SOLD MAR 29, 2019
3 Beds
2 Baths
1,613 Sq Ft
5,300 Sq Ft Lot

Recently Sold

$384 Per Sq Ft

5% Below List Price

182 Days on Market

About This Home

As of March 2019

We are pleased to present for sale this rare single story/double lot investment opportunity located in Mt. Washington adjacent! 2928 Elm Street is comprised of 2 single story structures with (4) 1 Bedroom & 1 Bathroom Units. 2932 Elm St is comprised of a 2 Unit building with (1) 2 Bedroom & 1 Bathroom Unit and (1) 1 Bedroom & 1 Bathroom Unit. The property is situated on a large lot of 10,599 SF with plenty of parking for tenants. The property has a front yard and back yard/patio spaces for the tenants to enjoy. Properties to be sold together - will not be considered for sale individually. Rents are as of Dec 2018 3% Increase. PLEASE DO NOT DISTURB TENANTS OR WALK ON PROPERTY- DRIVE BY ONLY!

Last Agent to Sell the Property

Eric Dilanian

Remax Commercial and Investment Realty License #01951699 Listed on: 09/20/2018

Remax Commercial and Investment Realty

Co-Listed By

Enrique Viramontes

Remax Commercial and Investment Realty License #01372010

Last Buyer's Agent

Cristina Brow

TRG Real Estate Co., Inc. License #01964062

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,077

Year Built

  • Built in 1953

Lot Details

  • 5,300 Sq Ft Lot

Parking

  • 2 Parking Spaces

Interior Spaces

  • 1,613 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5454-031-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,077

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 1613
  • Stories: 1
  • Year Built: 1953
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 3
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 2.00
  • Den: 0
  • Price Per S Q F T: 402.36

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Total Parking: 2

Lot Info

  • Assessed Improvement Value: 122400
  • Assessed Land Value: 244800
  • Assessor Parcel Number: 5454-031-004
  • Geocode Override: No
  • Lot Size Area: 5300

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 21.78
  • Number Of Units: 2
  • Total Annual Expense: 10947
  • Type Of Units: Investment
  • Vacancy Rate: 0%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2021
Sold by
Savely Kyle
Bought by
Lion Holdings Llc
Current Estimated Value
$826,500

Purchase Details

Closed on
Mar 22, 2021
Sold by
Marcia Rose Lp
Bought by
Savely Kyle

Purchase Details

Closed on
Nov 17, 2020
Sold by
Marcia Rose Lp
Bought by
Castruita Gabriel Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2020
Sold by
Marcia Rose Lp
Bought by
Warren Matthew Eric Geoffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2020
Sold by
Marcia Rose Lp
Bought by
Ceron Claudia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 20, 2018
Closed on
Feb 27, 2019
Sold by
Dakota Pacific Llc
Bought by
Marcia Rose Lp
Seller's Agent
Eric Dilanian
Remax Commercial and Investment Realty
Buyer's Agent
Cristina Brow
TRG Real Estate Co., Inc.
List Price
$649,000
Sold Price
$619,000
Premium/Discount to List
-$30,000
-4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.53%
Original Mortgage
$1,467,294
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 14, 2018
Sold by
Yale Northern Llc
Bought by
Dakota Pacific Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
6.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Nov 21, 2016
Closed on
May 5, 2017
Sold by
Jones Gabriel
Bought by
Yale Northern Llc
Seller's Agent
Gabriel Jones
Keller Williams Realty Calabasas
Buyer's Agent
Donald Furtado
Kaufman & Broad Homes
List Price
$595,000
Sold Price
$500,000
Premium/Discount to List
-$95,000
-15.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.20%
Original Mortgage
$375,000
Interest Rate
4.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 27, 2015
Sold by
Jones Gabriel
Bought by
Cypress Woods Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
4.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 2014
Sold by
3 P Properties Llc
Bought by
Jones Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,000
Interest Rate
4.16%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 11, 2012
Sold by
Ng Jean and Ming Ng & Jean Ng Trust
Bought by
3 P Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
3.52%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Similar Homes in Los Angeles, CA

  • 1031 N Fickett St, Los Angeles, CA 90033

    $687,000

    • 1 Bed
    • 1 Bath
    • 1,248 Sq Ft
    • 1031 N Fickett St
    • Los Angeles, CA

    Charming Boyle Heights Duplex in a Prime Location! This property offers two well-appointed 1-bedroom, 1-bathroom units. Each unit boasts granite countertops, abundant storage, and a breakfast bar that complements the bright and open floor plan. Other highlights include laminate flooring, in-unit laundry hookups, and a spacious bedroom with a walk-in closet. With separate electric and gas

    Giovanni Morales COMPASS

    Section Image
  • 2811 Boulder St, Los Angeles, CA 90033

    $750,000

    • 4 Beds
    • 2 Baths
    • 2,272 Sq Ft
    • 2811 Boulder St
    • Los Angeles, CA

    NEW PRICE IMPROVEMENT!! Discover this fantastic duplex located in the heart of Los Angeles. Each of the two units offers 2 bedrooms and 1 bath, providing comfortable living spaces that are perfect for both homeowners and potential renters.Both units are in great condition, showcasing well-maintained interiors with bright, open layouts and modern updates. The roof is also in excellent condition,

    Herb Diaz PLF Real Estate Solutions

    Section Image
  • 3339 E 4th St, Los Angeles, CA 90063

    $699,999

    • 4 Beds
    • 3 Baths
    • 1,695 Sq Ft
    • 3339 E 4th St
    • Los Angeles, CA

    Price Reduction This Weekend!Prime 3-Unit Investment Opportunity in Boyle Heights – Just 7 Miles from USC!Take advantage of a limited-time price reduction on this well-maintained triplex in the vibrant and evolving Boyle Heights neighborhood—perfect for investors seeking passive income and long-term equity growth.This property includes a spacious 2-bedroom, 1-bath back unit,

    Jonathan Mendoza Monarch Real Estate Services

    Section Image
  • 1739 E 57th St, Los Angeles, CA 90058

    $740,000

    • 4 Beds
    • 2 Baths
    • 1,682 Sq Ft
    • 1739 E 57th St
    • Los Angeles, CA

    Two parcels for sale. 1) 1739 E 57th. 5105-012-014 has two on a lot. Two single family structures separated by fences and driveways. It is a corner lot. 2)5554 Duarte. 5105-012-015, is vacant and zoned R2. You can build two homes on that lot and collect rents from the other lot while you build. Structures can be delivered vacant, but tenants are great and willing to discuss new leases. Well

    Jennifer Brill Monarch Capital Corporation

    Section Image
  • 5214 Cimarron St Unit 5216, Los Angeles, CA 90062

    $630,000

    • 2 Beds
    • 2 Baths
    • 1,600 Sq Ft
    • 5214 Cimarron St
    • Unit 5216
    • Los Angeles, CA

    Probate sale - court confirmation may be required. Long time family owned property, first time on the market in over 50 years. Drive by only. Do not disturb occupants. No showings at this time. Each unit is one bedroom and one bathroom. One unit has updated bathroom. Sold "as-is", no request for repairs will be considered, and no repair credits will be given. Present offers "subject to

    Sherri Reese Robert Pitts Estates

    Section Image
  • 601 E 79th St, Los Angeles, CA 90001

    $648,888

    • 3 Beds
    • 3 Baths
    • 1,782 Sq Ft
    • 601 E 79th St
    • Los Angeles, CA

    Great triplex with one bedroom and one bath each. They all have their own garage. A lot of upside in this property with the opportunity to convert garages into three separate ADU's.

    Raul Vega Bankers Investment Group Inc.

    Section Image
  • 440 E 82nd St, Los Angeles, CA 90003

    $599,000

    • 5 Beds
    • 3 Baths
    • 2,064 Sq Ft
    • 440 E 82nd St
    • Los Angeles, CA

    Investor’s Jackpot! This isn’t just a triplex—it’s your golden ticket to serious returns in one of LA’s most high-demand rental zones! Featuring TWO spacious 2-bed/1-bath units plus ONE stylish 1-bed/1-bath, this fully occupied income property is already performing and primed for long-term growth—steps from USC, the Coliseum, BMO Stadium, the George Lucas Museum, and Exposition Park. Walk to the

    Novelette Witt Morgen Real Estate, Inc.

    Section Image
  • 4206 Mercury Ave, Los Angeles, CA 90032

    $599,000

    • 3 Beds
    • 2 Baths
    • 993 Sq Ft
    • 4206 Mercury Ave
    • Los Angeles, CA

    2 Units on one lot in Montecito Heights featuring a front house with 1 bedroom and 1 bath. A rear house fitted with 2 bedrooms and 1 bath. Both units are in good condition and well maintained. The backyard has a stair case that leads up to several areas that could be used for gardening or for a private retreat area. These two homes are located in the highly sought after neighborhood of Montecito

    Enrique Pintado CENTURY 21 REALTY MASTERS

    Section Image
  • 3741 Locke Ave, Los Angeles, CA 90032

    $699,000

    • 6 Beds
    • 5 Baths
    • 3741 Locke Ave
    • Los Angeles, CA

    Prime investment opportunity in one of the most desirable pockets in El Sereno, north of Huntington Dr. This legal detached duplex offers private yard spaces per unit and parking. The property also includes paid plans for expanding both units and converting the detached garage into an Accessory Dwelling Unit (ADU). Currently vacant, house hackers, savvy investors, or contractors can maximize

    Yonathan Baltazar COMPASS

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Accommodation
Grant Deed $325,000 Old Republic Title Company
Grant Deed $385,000 Old Republic Title Company
Grant Deed $445,000 Old Republic Title Company
Grant Deed $385,000 Old Republic Title Company
Grant Deed $575,000 Old Republic Title Company
Grant Deed $425,000 Old Republic Title Company
Grant Deed $1,388,000 Ticor Title
Quit Claim Deed -- Old Republic Title Company
Grant Deed $500,000 Lawyers Title La
Quit Claim Deed -- Lawyers Title
Interfamily Deed Transfer -- Lawyers Title La
Special Warranty Deed -- None Available
Grant Deed -- Lawyers Title
Grant Deed $390,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $346,500 New Conventional
Previous Owner $300,000 New Conventional
Previous Owner $517,500 New Conventional
Previous Owner $335,000 New Conventional
Previous Owner $1,467,294 Commercial
Previous Owner $345,000 Adjustable Rate Mortgage/ARM
Previous Owner $375,000 Future Advance Clause Open End Mortgage
Previous Owner $380,000 Purchase Money Mortgage
Previous Owner $251,000 Future Advance Clause Open End Mortgage
Previous Owner $234,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2019 03/29/19 Sold $619,000 0.0% $384 / Sq Ft
03/21/2019 03/21/19 Pending -- -- --
01/09/2019 01/09/19 Off Market $619,000 -- --
09/20/2018 09/20/18 For Sale $649,000 +29.8% $402 / Sq Ft
05/11/2017 05/11/17 Sold $500,000 -13.0% $310 / Sq Ft
01/17/2017 01/17/17 Price Changed $575,000 -3.4% $356 / Sq Ft
11/21/2016 11/21/16 For Sale $595,000 -- $369 / Sq Ft
Source: The MLS

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
2024 $13,077 $1,061,207 $636,724 $424,483
2023 $12,824 $1,040,400 $624,240 $416,160
2022 $12,228 $1,020,000 $612,000 $408,000
2021 $12,079 $1,000,000 $600,000 $400,000
2020 $7,975 $637,500 $408,000 $229,500
2019 $1,253 $520,200 $395,352 $124,848
2018 $6,322 $510,000 $387,600 $122,400
2016 $1,806 $135,229 $104,023 $31,206
2015 $4,056 $133,199 $102,461 $30,738
2014 $1,801 $130,590 $100,454 $30,136
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 18-388392

The MLS

APN: 5454-031-004