NOT LISTED FOR SALE

Estimated Value: $710,000 - $986,616

3 Beds
2 Baths
1,424 Sq Ft
$552/Sq Ft Est. Value

Last Sold August 18, 2023

Last sale price $645,000 $453 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,948/month

15 Days on Market

About This Home

As of August 2023

HOT! HOT! HOT! DUPLEX 3010 Minnesota St & 2618 Johnston St. Investment opportunity in the heart of Lincoln Heights, a great addition to any portfolio. This duplex offers stunning views of the Downtown Los Angeles skyline and is minutes away from the hustle and bustle of DTLA. Nestled in a quiet neighborhood with plenty of parking and wide streets, your next investment features two-story duplexes with plenty of room and opportunity for you to add your personal flair. Don't miss this opportunity to expand your portfolio in this up-and-coming neighborhood, schedule your your appointment with me today!

Last Agent to Sell the Property

Edgar Navarro

Century 21 Allstars License #01769522 Listed on: 06/15/2023

Century 21 Allstars

Last Buyer's Agent

Monty Iceman

Berkshire Hathaway HomeServices California Properties License #01027602

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,002

Year Built

  • Built in 1932

Lot Details

  • 3,801 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex

Interior Spaces

  • 1,424 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 2433
  • Assessor Parcel Number 5208001002

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,296
  • Trash Expense $480
  • Water Sewer Expense $2,160
  • Operating Expense $8,316
  • Gross Income $18,696
  • Net Operating Income $10,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,002

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Assessments: No
  • Other Phone Description: EDGAR NAVARRO
  • Price Per Unit: 324500
  • Property Attached: No
  • Water Sewer Expenses: 2160.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5208001002
  • Year Built: 1932
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 2
  • Common Walls: No Common Walls
  • Entry Level: 2
  • Levels: One, Two
  • Price Per Square Foot: 452.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 3801.00
  • Lot Size Acres: 0.0873

Multi Family

  • Gross Income: 18696.00
  • Gross Scheduled Income: 18696.00
  • Insurance Expense: 1296.00
  • Lot Size Area: 3801.0000 Square Feet
  • Net Operating Income: 10380.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 8316.00
  • Rent Control: Yes
  • Total Actual Rent: 1558.00
  • Total Expenses: 8316.00

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 2433

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2023
Closed on
Aug 15, 2023
Sold by
Javier G Navarro Living Trust and Navarro Javier G
Bought by
Buckley Dean R and Hernandez Ramon
Seller's Agent
Edgar Navarro
Century 21 Allstars
Buyer's Agent
Monty Iceman
Berkshire Hathaway HomeServices California Properties
List Price
$649,000
Sold Price
$645,000
Premium/Discount to List
-$4,000
-0.62%
Views
105
Current Estimated Value
$785,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,654
Avg. Annual Appreciation
8.81%
Original Mortgage
$516,000
Outstanding Balance
$501,067
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$264,462

Purchase Details

Closed on
Mar 4, 2022
Sold by
Gonzalez Navarro Javier
Bought by
Javier G Navarro Living Trust

Purchase Details

Closed on
Jan 9, 2021
Sold by
B 1 2 B1 Investments Inc
Bought by
Navarro Javier Gonzalez

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
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2019
Sold by
Schafer Paul Kent
Bought by
B1 2 B1 Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.65%

Purchase Details

Closed on
Apr 24, 2019
Sold by
John Harrison Schafer Revocable Trust
Bought by
B1 2 B1 Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 2014
Sold by
Schafer John Harrison
Bought by
Schafer Schafer John Harrison John Harrison and Schafer 2014 John Harrison

Purchase Details

Closed on
Jul 27, 2005
Sold by
Schafer Paul Kent
Bought by
Schafer Paul Kent and Paul Kent Schafer Revocable Tr

Purchase Details

Closed on
Nov 5, 2003
Sold by
Schafer Paul Kent and Schafer John Harrison
Bought by
Schafer Paul Kent and Schafer John Harrison

Purchase Details

Closed on
Dec 12, 1997
Sold by
Schafer Audrey V
Bought by
Schafer Audrey V and The Audrey V Schafer Living Tr
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
Buckley Dean R $645,000 Fidelity National Title
Buckley Dean R $645,000 Fidelity National Title
Javier G Navarro Living Trust -- Barger & Battiest Law Apc
Navarro Javier Gonzalez -- Stewart Title
B1 2 B1 Investments Inc $455,000 Old Republic Title Company
B1 2 B1 Investments Inc $455,000 Old Republic Title Company
Schafer Schafer John Harrison John Harrison -- None Available
Schafer Paul Kent -- --
Schafer Paul Kent -- --
Schafer Audrey V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buckley Dean R $516,000
Closed Buckley Dean R $516,000
Previous Owner Navarro Javier Gonzalez $450,000
Previous Owner B1 2 B1 Investments Inc $40,000
Previous Owner B1 2 B1 Investments Inc $438,000
Previous Owner B1 2 B1 Investments Inc $40,000
Previous Owner B1 2 B1 Investments Inc $438,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2023 08/18/23 Sold $645,000 -0.6% $453 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
06/15/2023 06/15/23 For Sale $649,000 -- $456 / 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 $8,002 $657,900 $494,700 $163,200
2024 $8,002 $645,000 $485,000 $160,000
2023 $8,125 $655,452 $499,392 $156,060
2022 $7,748 $642,600 $489,600 $153,000
2021 $5,758 $468,907 $350,392 $118,515
2020 $5,814 $464,100 $346,800 $117,300
2019 $644 $34,009 $14,920 $19,089
2018 $604 $33,343 $14,628 $18,715
2016 $562 $32,051 $14,061 $17,990
2015 $557 $31,570 $13,850 $17,720
2014 $572 $30,952 $13,579 $17,373
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW23106961

California Regional Multiple Listing Service (CRMLS)

APN: 5208-001-002