NOT LISTED FOR SALE

Estimated Value: $935,000 - $1,609,000

5 Beds
4 Baths
3,156 Sq Ft
$378/Sq Ft Est. Value

Last Sold September 14, 2023

Last sale price $920,000 $292 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $7,317/month

14 Days on Market

Highlights

  • Victorian Architecture
  • Abraham Lincoln High School Rated A
  • Built-In Features

About This Home

As of September 2023

Welcome to 3225 Baldwin St, an alluring Victorian home with a separate income-generating duplex. Nestled in the heart of Lincoln Heights, this rare opportunity presents itself as a chance to restore the vintage single-family home while profiting from the duplex or transforming the property into a four-unit for optimal cash flow. The single-family home boasts a two-story layout adorned with original wood details, encompassing three bedrooms, two bathrooms, and an expansive front yard. Just around the corner, you'll find the duplex which currently houses two one-bedroom units already rented, presenting future potential for more value add. Conveniently situated mere minutes away from Downtown Los Angeles, numerous Lincoln Heights development projects, the USC medical center, and with easy access to major freeways, this property offers an ideal location for both owner-occupier or investor. A Must See!

Last Agent to Sell the Property

Scott Harvey

Figure 8 Realty License #01963157 Listed on: 06/22/2023

Co-Listed By

Ed Faktorovich

Figure 8 Realty License #01401897

Last Buyer's Agent

Neil Behnke

Compass License #02035644

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,557

Year Built

  • Built in 1906

Lot Details

  • 6,587

Home Design

  • Triplex
  • Victorian Architecture
  • Fixer Upper

Interior Spaces

  • 3,156 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 1 Parking Space
  • Driveway

Additional Features

  • 6,587 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5210-030-027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,557

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Victorian
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 3156
  • Lot Acreage: 0.1512
  • Property Condition: Fixer
  • Stories: 2
  • Year Built: 1906
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins, Range/Oven, Refrigerator
  • Price Per S Q F T: 315.27

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 1

Utilities

  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 5210-030-027
  • Lot Size Area: 6587

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Triplex
  • Vacancy Rate: 33%

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Jul 24, 2023
Sold by
3225 Baldwin Llc
Bought by
Vargas Xavier and Vargas Catherine Gillespie
Seller's Agent
Scott Harvey
Figure 8 Realty
Buyer's Agent
Neil Behnke
Compass
List Price
$995,000
Sold Price
$920,000
Premium/Discount to List
-$75,000
-7.54%
Views
35
Current Estimated Value
$1,193,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,667
Avg. Annual Appreciation
13.41%
Original Mortgage
$1,012,000
Interest Rate
6.9%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 1, 2018
Sold by
Walzaan Michael
Bought by
3225 Baldwin Llc

Purchase Details

Listed on
Aug 20, 2017
Closed on
Sep 14, 2017
Sold by
Vargas Jorge Estuardo and Vargas Floriberta
Bought by
Waizman Michael
Seller's Agent
Ana Ruth Campos
ACTION INVESTMENT REALTY
Buyer's Agent
Scott Harvey
Figure 8 Realty
List Price
$779,000
Sold Price
$750,000
Premium/Discount to List
-$29,000
-3.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.94%

Purchase Details

Closed on
Aug 14, 2006
Sold by
Montoya May Bonnie and Montoya Bonnie Lavonne D
Bought by
Vargas Jorge Estuardo and Vargas Floriberta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
6.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2006
Sold by
May Carl Robert
Bought by
Montoya Bonnie Lavonne D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
6.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2003
Sold by
Suarez Cecilia and Estate Of Maria Deluz Suarez
Bought by
Montoya Bonnie Lavonne D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,200
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
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
Vargas Xavier $920,000 Wfg National Title
3225 Baldwin Llc -- None Available
Waizman Michael $750,000 North American Title
Vargas Jorge Estuardo $610,000 First American Title Company
Montoya Bonnie Lavonne D -- First American Title Company
Montoya Bonnie Lavonne D $349,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vargas Xavier $1,012,000
Previous Owner Vargas Jorge Estuardo $488,000
Previous Owner Montoya Bonnie Lavonne D $279,200
Closed Montoya Bonnie Lavonne D $69,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2023 09/14/23 Sold $920,000 -7.5% $292 / Sq Ft
07/06/2023 07/06/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $995,000 +8.2% $315 / Sq Ft
06/04/2023 06/04/23 Off Market $920,000 -- --
09/21/2017 09/21/17 Sold $750,000 -3.7% $238 / Sq Ft View Prior Sale
08/28/2017 08/28/17 Pending -- -- --
08/20/2017 08/20/17 For Sale $779,000 -- $247 / 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 $11,557 $938,400 $703,800 $234,600
2024 $11,557 $920,000 $690,000 $230,000
2023 $10,357 $820,231 $601,504 $218,727
2022 $9,884 $804,149 $589,710 $214,439
2021 $9,753 $788,383 $578,148 $210,235
2020 $9,848 $780,300 $572,220 $208,080
2019 $9,466 $765,000 $561,000 $204,000
2018 $9,372 $750,000 $550,000 $200,000
2016 $7,871 $631,000 $424,500 $206,500
2015 $6,788 $540,000 $363,300 $176,700
2014 $6,370 $492,000 $331,000 $161,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-271265

The MLS

APN: 5210-030-027