NOT LISTED FOR SALE

2942 E 2nd St Los Angeles, CA 90033

Boyle Heights Neighborhood

Estimated Value: $620,000 - $1,112,000

7 Beds
3 Baths
2,402 Sq Ft
$311/Sq Ft Est. Value

Last Sold December 09, 2024

Last sale price $615,000 $256 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,365/month

136 Days on Market

Highlights

  • Property is near park and public transit
  • Ductless Heating Or Cooling System
  • Laundry Room
  • Lawn
  • Park
  • 3-minute walk to Evergreen Recreation Center

About This Home

As of December 2024

The front 3 bedroom house is comfortable and spacious. The property is centrally located in the heart of Boyle Heights. The driveways can accommodate 3-4 cars. There is pedestrian alley access. The property is near railways, buses, and freeways. The Metro railway is about 7 blocks away. FIXER

Last Agent to Sell the Property

MARIO DURAN MOJARRO

MARIO MOJARRO, BROKER Brokerage Phone: 626-318-3304 License #00700353 Listed on: 06/30/2024

Last Buyer's Agent

MARIO DURAN MOJARRO

MARIO MOJARRO, BROKER Brokerage Phone: 626-318-3304 License #00700353 Listed on: 06/30/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 5,251 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Lawn
  • Back and Front Yard

Home Design

  • Triplex
  • Entry on the 2nd floor
  • Shingle Roof

Interior Spaces

  • 7 Bedrooms
  • 2,402 Sq Ft Home
  • 2-Story Property

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Parking

  • Parking Available
  • Driveway
  • Paved Parking

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating

Additional Features

  • Exterior Lighting
  • Property is near park and public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 50
  • Tax Tract Number 2041
  • Assessor Parcel Number 5179004025
  • $424 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 3 Units

Recreation

  • Park

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,569
  • Trash Expense $600
  • Water Sewer Expense $7,000
  • New Taxes Expense $10,625
  • Operating Expense $19,794
  • Gross Income $46,138
  • Net Operating Income $26,344

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 7000.00
  • Zoning: LAR2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5179004025
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 2
  • Levels: One, Two
  • Price Per Square Foot: 256.04

Exterior Features

  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Concrete

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Baseboard, Ductless
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lawn, Near Public Transit, Park Nearby
  • Lot Size Sq Ft: 5251.00
  • Lot Size Acres: 0.1205

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 46138.00
  • Gross Scheduled Income: 46138.00
  • Insurance Expense: 1569.00
  • Lot Size Area: 5251.0000 Square Feet
  • Net Operating Income: 26344.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 19794.00
  • Rent Control: Yes
  • Total Expenses: 19794.00

Tax Info

  • New Taxes Expense: 10625.00
  • Tax Census Tract: 2041.10
  • Tax Lot: 50
  • Tax Tract Number: 2041
  • TaxOtherAnnualAssessmentAmount: 424.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2024
Closed on
Nov 21, 2024
Sold by
Mojarro Mario Duran
Bought by
Mojarro Veline and Hernandez David
Seller's Agent
MARIO DURAN MOJARRO
MARIO MOJARRO, BROKER
Buyer's Agent
MARIO DURAN MOJARRO
MARIO MOJARRO, BROKER
List Price
$850,000
Sold Price
$615,000
Premium/Discount to List
-$235,000
-27.65%
Views
63
Current Estimated Value
$718,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,549
Avg. Annual Appreciation
20.12%
Original Mortgage
$598,000
Outstanding Balance
$592,502
Interest Rate
6.54%
Mortgage Type
Seller Take Back
Estimated Equity
$154,374

Purchase Details

Listed on
Jun 18, 2022
Closed on
Nov 18, 2022
Sold by
Manuel O And Esperanza D Montez Living T
Bought by
Mojarro Mario Duran
Seller's Agent
Michelle Hyman
The Collins Group Inc
Buyer's Agent
MARIO DURAN MOJARRO
MARIO MOJARRO, BROKER
List Price
$799,000
Sold Price
$565,000
Premium/Discount to List
-$234,000
-29.29%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.31%

Purchase Details

Closed on
Sep 9, 2009
Sold by
Montez Esperanza D and Montez Esperanza R
Bought by
Montez Manuel O and Montez Esperanza D
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
Mojarro Veline $615,000 Wfg National Title
Mojarro Veline $615,000 Wfg National Title
Mojarro Mario Duran $565,000 Ticor Title
Montez Manuel O -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mojarro Veline $598,000
Closed Mojarro Veline $598,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/09/2024 12/09/24 Sold $615,000 -12.1% $256 / Sq Ft
10/14/2024 10/14/24 Price Changed $700,000 -7.9% $291 / Sq Ft
09/30/2024 09/30/24 Price Changed $760,000 -10.6% $316 / Sq Ft
06/30/2024 06/30/24 For Sale $850,000 +50.4% $354 / Sq Ft
12/05/2022 12/05/22 Sold $565,000 -26.6% $235 / Sq Ft View Prior Sale
11/14/2022 11/14/22 Pending -- -- --
08/31/2022 08/31/22 Price Changed $770,000 -3.6% $321 / Sq Ft
06/18/2022 06/18/22 For Sale $799,000 -- $333 / 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 $7,338 $615,000 $183,000 $432,000
2024 $7,338 $576,300 $408,000 $168,300
2023 $9,900 $790,000 $440,000 $350,000
2022 $953 $45,912 $19,142 $26,770
2021 $928 $45,013 $18,767 $26,246
2020 $930 $44,552 $18,575 $25,977
2019 $908 $43,679 $18,211 $25,468
2018 $819 $42,823 $17,854 $24,969
2016 $757 $41,161 $17,161 $24,000
2015 $750 $40,544 $16,904 $23,640
2014 $774 $39,750 $16,573 $23,177
Source: Public Records

Agents Affiliated with this Home

  • MARIO DURAN MOJARRO

    Seller's Agent in 2024

    MARIO DURAN MOJARRO

    MARIO MOJARRO, BROKER

    (626) 318-3304

    2 in this area

    3 Total Sales

    MARIO DURAN MOJARRO
    Section Image
  • Michelle Hyman

    Seller's Agent in 2022

    Michelle Hyman

    The Collins Group Inc

    (949) 701-8583

    1 in this area

    9 Total Sales

    Michelle Hyman
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB24134119

California Regional Multiple Listing Service (CRMLS)

APN: 5179-004-025

California Los Angeles County Los Angeles 90033 Boyle Heights

2942 E 2nd St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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