NOT LISTED FOR SALE

3215 E 8th St Los Angeles, CA 90023

Boyle Heights Neighborhood

Estimated Value: $696,000 - $833,978

4 Beds
2 Baths
1,702 Sq Ft
$466/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $644,000 $378 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,662/month

14 Days on Market

About This Home

As of July 2022

2 houses on 1 lot!! Great front owner's unit with 3 bedrooms, 1 bathroom, view, basement workshop, patio, and huge patio on top of 2 car garage currently rented for $2,037 per month! Rear house with 1 bedroom, 1 bathroom rented for $1,200 per month! Two 1 car garages rented for $200 per month! Expenses projected.

Last Agent to Sell the Property

Brad Korb

Brad Korb Real Estate Group License #00698730 Listed on: 05/09/2022

Last Buyer's Agent

Laura Lara

Brad Korb Real Estate Group License #02161522

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 4,798 Sq Ft Lot
  • No Common Walls
  • Back Yard

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • 1,702 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 21 / 2
  • Tax Tract Number 4458
  • Assessor Parcel Number 5190012022
  • $318 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,218
  • Water Sewer Expense $7,073
  • New Taxes Expense $8,140
  • Operating Expense $16,431
  • Gross Income $41,244
  • Net Operating Income $24,813

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • CapRate: 3.94
  • Property Attached: No
  • Water Sewer Expenses: 7073.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 5190012022
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 378.38

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 4798.00
  • Lot Size Acres: 0.1101

Multi Family

  • Gross Income: 41244.00
  • Gross Multiplier: 15.27
  • Gross Scheduled Income: 41244.00
  • Insurance Expense: 1218.00
  • Lot Size Area: 4798.0000 Square Feet
  • Net Operating Income: 24813.00
  • 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: 16431.00
  • Rent Control: Yes
  • Total Expenses: 16431.00

Tax Info

  • New Taxes Expense: 8140.00
  • Tax Block: 2
  • Tax Census Tract: 2048.20
  • Tax Lot: 21
  • Tax Tract Number: 4458
  • TaxOtherAnnualAssessmentAmount: 318.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2022
Closed on
May 25, 2022
Sold by
Pimentel Armando A
Bought by
Bordenave Christopher
Seller's Agent
Brad Korb
Brad Korb Real Estate Group
Buyer's Agent
Laura Lara
Brad Korb Real Estate Group
List Price
$629,926
Sold Price
$644,000
Premium/Discount to List
$14,074
2.23%
Current Estimated Value
$761,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,424
Avg. Annual Appreciation
6.14%
Original Mortgage
$589,743
Interest Rate
5.09%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 20, 2022
Sold by
Raul A Pimentel Revocable Trust
Bought by
Pimentel Armando A

Purchase Details

Closed on
Jan 19, 2022
Sold by
Pimintel Armando A
Bought by
Raul A Pimentel Revocable Trust

Purchase Details

Closed on
Aug 9, 2018
Sold by
Pimentel Armando A and The Raul A Pimentel Revocable
Bought by
Pimentel Armando A

Purchase Details

Closed on
Jul 25, 2007
Sold by
Pimentel Raul A
Bought by
The Raul A Pimentel Revocable Trust

Purchase Details

Closed on
Jul 2, 1998
Sold by
Pimentel Raul A and Pimentel Alicia A
Bought by
Pimentel Raul A and Pimentel Alicia A
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
Bordenave Christopher $644,000 Fidelity National Title
Pimentel Armando A -- Accommodation/Courtesy Recordi
Raul A Pimentel Revocable Trust -- Accommodation/Courtesy Recordi
Pimentel Armando A -- Stewart Title Company
Pimentel Armando A -- Stewart Title
The Raul A Pimentel Revocable Trust -- None Available
Pimentel Raul A -- None Available
Pimentel Raul A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bordenave Christopher $589,743
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2022 07/15/22 Sold $644,000 +2.2% $378 / Sq Ft
07/14/2022 07/14/22 Price Changed $629,926 -3.1% $370 / Sq Ft
05/23/2022 05/23/22 Price Changed $649,946 +3.2% $382 / Sq Ft
05/09/2022 05/09/22 For Sale $629,926 -- $370 / 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 $8,218 $670,017 $488,988 $181,029
2024 $8,218 $656,880 $479,400 $177,480
2023 $8,061 $644,000 $470,000 $174,000
2022 $5,847 $473,246 $283,949 $189,297
2021 $5,771 $463,968 $278,382 $185,586
2020 $5,826 $459,212 $275,528 $183,684
2019 $735 $42,794 $19,749 $23,045
2018 $641 $41,956 $19,362 $22,594
2016 $591 $40,328 $18,611 $21,717
2015 $584 $39,723 $18,332 $21,391
2014 $598 $38,945 $17,973 $20,972
Source: Public Records

Agents Affiliated with this Home

  • Brad Korb

    Seller's Agent in 2022

    Brad Korb

    Brad Korb Real Estate Group

    (818) 859-0310

    2 in this area

    354 Total Sales

    Brad Korb
    Section Image

  • L

    Buyer's Agent in 2022

    Laura Lara

    Brad Korb Real Estate Group

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB22096315

California Regional Multiple Listing Service (CRMLS)

APN: 5190-012-022

California Los Angeles County Los Angeles 90023 Boyle Heights

3215 E 8th St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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