NOT LISTED FOR SALE

2955 Allesandro St Los Angeles, CA 90039

Elysian Valley Neighborhood

Estimated Value: $1,376,000 - $1,565,000

-- Bed
4 Baths
1,435 Sq Ft
$1,022/Sq Ft Est. Value

Last Sold March 06, 2024

Last sale price $1,482,800 $1,033 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $8,233/month

9 Days on Market

Highlights

  • Contemporary Architecture
  • Laundry Facilities
  • 1-Story Property
  • John Marshall Senior High Rated A
  • East Facing Home

About This Home

As of March 2024

Fully renovated fourplex with $8390 in monthly income makes this a rare cash-flowing offering in red-hot Frogtown. Located half a block from the L. A. River bike path and "Best of LA" eatery Lingua Franca, the property is composed of four studio units, currently rented for $1495, $1895, $1650, and $1750 per month. In addition, there's a rear garage rented as an art studio for $1600/mo (possible ADU conversion, buyer to verify). The units are stylishly updated and renovated, with polished concrete floors, open shelving, butcher block counter tops, and stainless steel kitchen appliances. Each residential unit also comes with its own off-street parking space. There is a common laundry area and the property is secure and gated. Condition, area, and rental income all make this a fantastic entry-level rental property investment, or a tax-deferred exchange upleg. Please do not disturb the tenants.

Last Agent to Sell the Property

Brock Harris

Keller Williams Realty Los Feliz License #01328996 Listed on: 02/14/2024

Keller Williams Realty Los Feliz

Co-Listed By

Lori Harris

Keller Williams Realty Los Feliz License #02132297

Last Buyer's Agent

Lorraine Getz

Compass License #01413936

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,114

Year Built

  • Built in 1959

Lot Details

  • 6,479 Sq Ft Lot
  • East Facing Home

Home Design

  • Quadruplex
  • Contemporary Architecture

Interior Spaces

  • 4 Bathrooms
  • 1,435 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 5442-025-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,114

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 1435
  • Lot Acreage: 0.1488
  • Stories: 1
  • Year Built: 1959
  • Number Of Photos: 14
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: Attached
  • Laundry: Community
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 832.75

Exterior Features

  • Direction Faces: East
  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Other Spaces: 4
  • Parking Garage: Assigned
  • Total Parking: 4

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 30.11
  • Assessed Improvement Value: 164951
  • Assessed Land Percent: 69.89
  • Assessed Land Value: 382930
  • Total Assessed Value: 547881
  • Assessor Parcel Number: 5442-025-016
  • Lot Size Area: 6479

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 11.40
  • Number Of Units: 4
  • Total Annual Expense: 0
  • Type Of Units: Fourplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2024
Closed on
Feb 28, 2024
Sold by
2955 Allesandro Llc
Bought by
Martori Carol and Proctor Yogi
Seller's Agent
Brock Harris
Keller Williams Realty Los Feliz
Buyer's Agent
Lorraine Getz
Compass
List Price
$1,195,000
Sold Price
$1,482,800
Premium/Discount to List
$287,800
24.08%
Views
14
Current Estimated Value
$1,395,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$87,297
Avg. Annual Appreciation
-2.35%

Purchase Details

Closed on
Jul 31, 2013
Sold by
Gallarzo Marcelino N
Bought by
2955 Allesandro Llc

Purchase Details

Closed on
Jul 15, 2011
Sold by
Gallarzo Marcelino N
Bought by
Gallarzo Marcelino N and 1993 Gallarzo Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 17, 2004
Sold by
Gallarzo Marcelino
Bought by
Gallarzo Marcelino and The 1993 Gallarzo Family Trust

Purchase Details

Closed on
Jan 10, 2002
Sold by
Gallarzo Fidela
Bought by
Gallarzo Marcelino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
7.17%

Purchase Details

Closed on
Nov 28, 2001
Sold by
Estate Of Elizabeth B Gleason
Bought by
Gallarzo Marcelino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
7.17%

Purchase Details

Closed on
Dec 10, 1998
Sold by
Peck Glen N
Bought by
Gleason Elizabeth and Case #Lp006171

Purchase Details

Closed on
Oct 10, 1996
Sold by
Gleason Elizabeth B
Bought by
Peck Glen
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
Martori Carol $1,483,000 Chicago Title Company
2955 Allesandro Llc $465,004 Chicago Title
Gallarzo Marcelino N -- Lawyers Title
Gallarzo Marcelino -- --
Gallarzo Marcelino -- Southland Title
Gallarzo Marcelino $153,000 Southland Title
Gleason Elizabeth -- --
Peck Glen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gallarzo Marcelino N $450,000
Previous Owner Gallarzo Marcelino $188,000
Previous Owner Weller Charles N $16,500
Closed Gleason Elizabeth $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2024 03/06/24 Sold $1,482,800 +24.1% $1,033 / Sq Ft
02/23/2024 02/23/24 Pending -- -- --
02/14/2024 02/14/24 For Sale $1,195,000 -- $833 / 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
2025 $7,114 $1,512,456 $1,209,720 $302,736
2024 $7,114 $558,838 $390,588 $168,250
2023 $6,981 $547,881 $382,930 $164,951
2022 $6,664 $537,139 $375,422 $161,717
2021 $6,582 $526,608 $368,061 $158,547
2019 $6,391 $510,991 $357,145 $153,846
2018 $6,247 $500,973 $350,143 $150,830
2016 $5,970 $481,522 $336,548 $144,974
2015 $5,884 $474,290 $331,493 $142,797
2014 $5,928 $465,000 $325,000 $140,000
Source: Public Records

Agents Affiliated with this Home

  • Brock Harris

    Seller's Agent in 2024

    Brock Harris

    Keller Williams Realty Los Feliz

    (213) 842-7625

    8 in this area

    202 Total Sales

    Section Image
  • Lori Harris

    Seller Co-Listing Agent in 2024

    Lori Harris

    Keller Williams Realty Los Feliz

    (818) 515-1118

    7 in this area

    180 Total Sales

    Section Image
  • Lorraine Getz

    Buyer's Agent in 2024

    Lorraine Getz

    Compass

    (310) 766-2289

    2 in this area

    59 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 24-357835

The MLS

APN: 5442-025-016

California Los Angeles County Los Angeles 90039 Elysian Valley

2955 Allesandro St, Los Angeles, CA

This home is located at 2955 Allesandro St, Los Angeles, CA 90039 since 14 February 2024 and is currently estimated at $1,466,947, approximately $1,022 per square foot. This property was built in 1959. 2955 Allesandro St is a home located in Los Angeles County with nearby schools including Allesandro Elementary, Irving STEAM Magnet School, and John Marshall Senior High.

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