NOT LISTED FOR SALE

702 Forest Ave Los Angeles, CA 90033

Boyle Heights Neighborhood

Estimated Value: $751,000 - $935,163

6 Beds
2 Baths
1,931 Sq Ft
$447/Sq Ft Est. Value

Last Sold July 29, 2020

Last sale price $675,000 $350 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,276/month

28 Days on Market

Highlights

  • Guest House
  • Living Room with Fireplace
  • Spanish Architecture
  • City View
  • Wood Flooring
  • 4-minute walk to Wabash Recreation Center

About This Home

As of July 2020

1924 Classic Spanish Architecture on a corner lot in Boyle Heights, Living Room with decorative Batchelder Fireplace, wall sconce fixtures and Arched Casement Windows, Formal Dining Room w/ bay window, Central Hallway separates 3 Bedrooms from public areas, Built-in Storage, Utility Closet, Laundry Room, Vintage Glass Door Knobs thru out, Fully Fenced Yard, Near County USC Medical Center & Cal-State LA. Walk to Metro. Plus second 2 bedroom house currently rented for $2000 per month to help with the mortgage.

Last Agent to Sell the Property

Steve Stokes

Echo Park Realty License #00857214 Listed on: 05/29/2020

Last Buyer's Agent

Abigail Dotson

MAISONRE License #01450911

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 5,903

Parking

  • 2 Open Parking Spaces
  • 1 Car Garage
  • Driveway

Home Design

  • Spanish Architecture

Interior Spaces

  • 1,931 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Decorative Fireplace
  • Bay Window
  • Living Room with Fireplace
  • Dining Room
  • Center Hall
  • Tile Countertops
  • Wood Flooring
  • City Views
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Additional Features

  • 5,903 Sq Ft Lot
  • Guest House
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 5178-009-021

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

5,903 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Style: Spanish
  • Street Number Display: Yes
  • Alley: No
  • Living Area: 1931
  • Probate: No
  • Stories: 1
  • Year Built: 1924
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-Ins
  • Fireplace Rooms: Decorative, Living Room
  • Flooring: Hardwood
  • Bedrooms: 6
  • Kitchen Features: Tile Counters
  • Laundry: Room
  • Total Bathrooms: 2.00
  • Equipment: Refrigerator, Ceiling Fan
  • Price Per S Q F T: 349.56
  • Windows: Bay Window

Exterior Features

  • Other Structures: Other, GuestHouse
  • Construction: Frame and Stucco
  • View: City
  • View: Yes

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 2
  • Garage Structures: 1
  • Parking Garage: Garage - 1 Car, Driveway
  • Total Parking: 3

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 84415
  • Assessed Land Value: 238095
  • Assessor Parcel Number: 5178-009-021
  • Geocode Override: No
  • Lot Size Area: 5903

Rental Info

  • Total Actual Rent: 54000.00
  • Land Lease Type: Fee
  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.50
  • Number Of Units: 2
  • Rent Control: 100
  • Type Of Units: Type V

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2011
Closed on
Jan 19, 2012
Sold by
Sun West Mortgage Company Inc
Bought by
Kopp Steven
Seller's Agent
Leo Nordine
Nordine Realtors, Inc.
Buyer's Agent
Cheryl Williams
TruLine Realty
List Price
$289,000
Sold Price
$297,670
Premium/Discount to List
$8,670
3%
Current Estimated Value
$862,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$564,871
Avg. Annual Appreciation
7.85%
Original Mortgage
$290,123
Outstanding Balance
$197,850
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$664,691

Purchase Details

Closed on
Jun 21, 2011
Sold by
Ruiz Norma German and The German Family Trust
Bought by
Sun West Mortgage Company Inc

Purchase Details

Closed on
Apr 5, 2007
Sold by
German Jesus and German Eva
Bought by
German Jesus and German Eva
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
Kopp Steven $298,002 North American Title Company
Sun West Mortgage Company Inc -- Pacific Coast Title
German Jesus -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kopp Steven $290,123
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/29/2020 07/29/20 Sold $675,000 0.0% $350 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
05/29/2020 05/29/20 For Sale $675,000 +126.8% $350 / Sq Ft
03/01/2012 03/01/12 Sold $297,670 +3.0% $154 / Sq Ft View Prior Sale
01/17/2012 01/17/12 Pending -- -- --
08/17/2011 08/17/11 For Sale $289,000 -- $150 / Sq Ft
Source: The MLS

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 $8,872 $730,641 $411,324 $319,317
2024 $8,872 $716,315 $403,259 $313,056
2023 $8,702 $702,270 $395,352 $306,918
2022 $8,299 $688,500 $387,600 $300,900
2021 $8,192 $675,000 $380,000 $295,000
2020 $4,445 $342,248 $252,667 $89,581
2019 $4,278 $335,538 $247,713 $87,825
2018 $4,201 $328,959 $242,856 $86,103
2016 $4,003 $316,187 $233,427 $82,760
2015 $3,947 $311,438 $229,921 $81,517
2014 $3,971 $305,339 $225,418 $79,921
Source: Public Records

Agents Affiliated with this Home

  • Steve Stokes

    Seller's Agent in 2020

    Steve Stokes

    Echo Park Realty

    (323) 223-1000

    1 Total Sale

    Steve Stokes
    Section Image
  • Abigail Dotson

    Buyer's Agent in 2020

    Abigail Dotson

    MAISONRE

    (310) 210-0940

    58 Total Sales

    Abigail Dotson
    Section Image

  • L

    Seller's Agent in 2012

    Leo Nordine

    Nordine Realtors, Inc.

  • C

    Buyer's Agent in 2012

    Cheryl Williams

    TruLine Realty

    Section Image
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Map

Source: The MLS

MLS Number: 20-584442

The MLS

APN: 5178-009-021

California Los Angeles County Los Angeles 90033 Boyle Heights

702 Forest Ave, Los Angeles, CA

Not Listed for Sale

MultiFamily

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