NOT LISTED FOR SALE

4244 E 2nd St Los Angeles, CA 90063

6 Beds
5 Baths
1,860 Sq Ft
6,013 Sq Ft Lot

Sale Details

Date Sold: September 19, 2024

Last sale price $725,000 $390 Per Sq Ft

7 Days on Market

Highlights

  • No HOA
  • Bike Trail
  • 1-Story Property

About This Home

As of September 2024

Introducing a charming five-unit residential property nestled in East Los Angeles. This well-maintained building is the perfect opportunity to increase your portfolio. Each unit offers spacious living areas and abundant natural light. The 4 back units are 1 bedroom and 1 bathroom. The front unit has 2 bedrooms and 1 bathroom, also inside laundry and parking space in the driveway. Located in a vibrant neighborhood with easy access to shopping, dining, and entertainment options, this property presents an exceptional opportunity for comfortable city living and a solid investment.

Last Agent to Sell the Property

Melisa Tori

Century 21 Cornerstone Brokerage Phone: 562-505-4901 License #01941405 Listed on: 07/01/2024

Century 21 Cornerstone

Last Buyer's Agent

Melisa Tori

Century 21 Cornerstone Brokerage Phone: 562-505-4901 License #01941405 Listed on: 07/01/2024

Century 21 Cornerstone

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,013 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 1,860 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • Parking Available
  • Driveway

Additional Features

  • Exterior Lighting
  • Suburban Location
  • Sewer Paid

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 5329
  • Assessor Parcel Number 5236017032

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 5 Units

Recreation

  • Bike Trail

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,400
  • Water Sewer Expense $2,880
  • Operating Expense $5,280
  • Gross Income $39,600
  • Net Operating Income $34,320

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

6,013 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 2880.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 5236017032
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 389.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6013.00
  • Lot Size Acres: 0.1380

Multi Family

  • Gross Income: 39600.00
  • Gross Scheduled Income: 39600.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 6013.0000 Square Feet
  • Net Operating Income: 34320.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 5280.00
  • Rent Control: Yes
  • Total Expenses: 5280.00

Tax Info

  • Tax Lot: 10
  • Tax Tract Number: 5329

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2024
Closed on
Jul 26, 2024
Sold by
Bought by
Seller's Agent
Melisa Tori
Century 21 Cornerstone
Buyer's Agent
Melisa Tori
Century 21 Cornerstone
List Price
$750,000
Sold Price
$725,000
Premium/Discount to List
-$25,000
-3.33%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
0.0647%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
0.0647%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Orange Coast Title Company
$725,000 Orange Coast Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $465,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/19/2024 09/19/24 Sold $725,000 -3.3% $390 / Sq Ft
07/08/2024 07/08/24 Pending -- -- --
07/01/2024 07/01/24 For Sale $750,000 -- $403 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,445 $725,000 $400,000 $325,000
2024 $5,235 $213,731 $120,313 $93,418
2023 $5,099 $209,541 $117,954 $91,587
2022 $4,950 $205,434 $115,642 $89,792
2021 $4,897 $201,407 $113,375 $88,032
2020 $4,914 $199,343 $112,213 $87,130
2019 $4,800 $195,435 $110,013 $85,422
2018 $4,703 $191,604 $107,856 $83,748
2016 $4,504 $184,166 $103,669 $80,497
2015 $4,453 $181,400 $102,112 $79,288
2014 $4,471 $177,847 $100,112 $77,735
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW24134799

California Regional Multiple Listing Service (CRMLS)
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