NOT LISTED FOR SALE

3517 E 2nd St Los Angeles, CA 90063

Boyle Heights Neighborhood

Estimated Value: $780,000 - $884,000

5 Beds
3 Baths
1,900 Sq Ft
$442/Sq Ft Est. Value

Last Sold July 27, 2018

Last sale price $650,000 $342 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $5,109/month

28 Days on Market

Highlights

  • All Bedrooms Downstairs
  • 3-minute walk to Indiana
  • Granite Countertops
  • Open Floorplan
  • Traditional Architecture
  • Double Pane Windows

About This Home

As of July 2018

Wow, must see these beautifully remodeled, turnkey Triple in the heart of Boyle Heights. These stand alone 3 units without common walls, Two units have 2,1 and one is 1,1. this property is situated in a rectangular over-sized 7,106 SF lot with an elongated driveway that parks several vehicles. Subject is R2 zoned for multiple units, there is still room to grow. The property has been completely remodeled inside and out, including: newer stucco, new paint throughout, energy conserving newer double pane windows, new laminate flooring throughout, new entry doors, new wood gate and wood wall throughout property, new concrete on driveway, remodeled kitchen includes updated cabinets and quartz counterops, the baths have been remodeled with new sinks, fixtures and tiled floors. This property has lots of cash flow potential, two of the 2 bedroom units will be delivered vacant, great for an investor who wants good ROI or a owner who wants to live in one and rent the other two. Located just minutes from Downtown LA, metro station, easy access to all major highways 5, 60, 710, 10 & 101. Do not sleep on these. Be part of the renaissance and re-development going on in ELA. They will sell fast.

Last Agent to Sell the Property

Chantal Maciel

Keller Williams Rty Los Feliz License #02052625 Listed on: 06/20/2018

Keller Williams Rty Los Feliz

Last Buyer's Agent

Chantal Maciel

Keller Williams Rty Los Feliz License #02052625 Listed on: 06/20/2018

Keller Williams Rty Los Feliz

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911 | Remodeled

Lot Details

  • 7,106 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Wood Fence
  • Level Lot
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 3 Open Parking Spaces
  • 3 Car Garage
  • Parking Available

Home Design

  • Traditional Architecture
  • Turnkey
  • Raised Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,900 Sq Ft Home
  • Open Floorplan
  • Double Pane Windows
  • Living Room
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Gas And Electric Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Energy-Efficient Windows
  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tenant pays for all utilities, exterior maintenance, trash collection, water
  • Tax Lot 68
  • Tax Tract Number 2039
  • Assessor Parcel Number 5179015034

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $750
  • Trash Expense $600
  • New Taxes Expense $8,100
  • Operating Expense $9,450
  • Gross Income $51,036
  • Net Operating Income $41,586

Property Details

Home Type

Multi-Family

Year Built

Built in 1911 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Zoning: LAR2
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Type: Residential Income
  • Parcel Number: 5179015034
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Open Floorplan
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Levels: One
  • Price Per Square Foot: 342.11
  • Room Type: All Bedrooms Down, Living Room
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas & Electric Dryer Hookup, Outside
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

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

Green Features

  • Efficiency: Windows

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Level with Street
  • Lot Size Sq Ft: 7106.00

Rental Info

  • Tenant Pays: All Utilities, Exterior Maintenance, Trash Collection, Water

Multi Family

  • Average1 Bed Area: 650 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Average3 Bed Area: 800 Square Feet
  • Gross Income: 51036.00
  • Gross Scheduled Income: 51036.00
  • Insurance Expense: 750.00
  • Net Operating Income: 41586.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 9450.00
  • Rent Control: Yes
  • Total Expenses: 9450.00

Tax Info

  • New Taxes Expense: 8100.00
  • Tax Census Tract: 2039.00
  • Tax Lot: 68
  • Tax Tract Number: 2039

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2023
Sold by
Vanjennifer M
Bought by
Jennifer Van Living Trust and Van
Current Estimated Value
$839,987

Purchase Details

Listed on
Jun 20, 2018
Closed on
Jul 11, 2018
Sold by
All Discount Llc
Bought by
Vanjennifer M
Seller's Agent
Chantal Maciel
Keller Williams Rty Los Feliz
Buyer's Agent
Chantal Maciel
Keller Williams Rty Los Feliz
List Price
$669,000
Sold Price
$650,000
Premium/Discount to List
-$19,000
-2.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.48%
Original Mortgage
$520,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2017
Sold by
Vega Enrique H
Bought by
All Discount Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,437
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 16, 2002
Sold by
Vega Enrique
Bought by
Vega Enrique H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Interest Rate
5.99%

Purchase Details

Closed on
Mar 19, 2001
Sold by
Vega Enrique and Vega Amparo
Bought by
Vega Enrique
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jennifer Van Living Trust -- None Listed On Document
Vanjennifer M $650,000 Lawyers Title
All Discount Llc -- Stewart Title
Vega Enrique H -- --
Vega Enrique -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vanjennifer M $520,000
Previous Owner All Discount Llc $340,437
Previous Owner Vega Enrique H $166,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2018 07/27/18 Sold $650,000 -2.8% $342 / Sq Ft
07/18/2018 07/18/18 Pending -- -- --
06/20/2018 06/20/18 For Sale $669,000 -- $352 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,921 $725,082 $468,515 $256,567
2024 $8,921 $710,866 $459,329 $251,537
2023 $8,751 $696,928 $450,323 $246,605
2022 $8,350 $683,264 $441,494 $241,770
2021 $8,247 $669,868 $432,838 $237,030
2020 $8,328 $663,000 $428,400 $234,600
2019 $8,004 $650,000 $420,000 $230,000
2018 $6,143 $489,000 $330,000 $159,000
2017 $9,370 $201,230 $129,828 $71,402
2016 $2,619 $197,285 $127,283 $70,002
2015 $2,584 $194,323 $125,372 $68,951
2014 $2,613 $190,518 $122,917 $67,601
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Chantal Maciel

    Keller Williams Rty Los Feliz

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW18147485

California Regional Multiple Listing Service (CRMLS)

APN: 5179-015-034

California Los Angeles County Los Angeles 90063 Boyle Heights

3517 E 2nd St, Los Angeles, CA

Not Listed for Sale

MultiFamily

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