NOT LISTED FOR SALE
5 Beds
10 Baths
8,916 Sq Ft
7,405 Sq Ft Lot

Last Sold September 22, 2017

Last sale price $2,300,000 $258 Per Sq Ft

63 Days on Market

About This Home

As of September 2017

We are pleased to present the Vallejo St. apartments located at 2611 Vallejo St. The subject property is a 17 unit(Buyer to Verify) multifamily investment opportunity located in the Lincoln Heights sub-market of Los Angeles. The wood-frame stucco building was constructed in 1913 and consists of 8,916 SF of living area situated on a 7,450 SF lot. The property contains (8) Studio units and (7) 1 bedroom/1 bath units, (1) 2 bedroom/1 Bath unit, and (1) 3 Bedroom/2 Bathroom SFR. The building is individually metered for both gas & electricity. The Seller states the property has been upgraded with full copper plumbing and the roof was recently updated. The property can be sold individually or as a portfolio sale with 4 other properties currently offered for sale. Please inquire with listing agents regarding portfolio sale.*Buyer to Verify all information with own due diligence*

Last Agent to Sell the Property

Derrick Vartanian

Lyon Stahl Investment Real Estate, Inc. License #01816119 Listed on: 03/06/2017

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Jonathan Prakash

Equity Union License #01483131

Last Buyer's Agent

Carlos Vasquez

VCA Realty & Property Services License #01720546

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 7,450 Sq Ft Lot

Parking

  • Off-Site Parking

Interior Spaces

  • 8,916 Sq Ft Home
  • 2-Story Property

Community Details

  • 2 Buildings
  • 17 Units

Listing and Financial Details

  • Assessor Parcel Number 5204-010-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

7,450 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Street Number Display: No
  • Living Area: 8916
  • Stories: 2
  • Year Built: 1913
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 302.83

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Offsite

Lot Info

  • Assessed Improvement Value: 424244
  • Assessed Land Value: 636368
  • Assessor Parcel Number: 5204-010-014
  • Geocode Override: No
  • Lot Size Area: 7450

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.19
  • Number Of Units: 17
  • Type Of Units: apartment
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2017 09/22/17 Sold $2,300,000 -14.8% $258 / Sq Ft
04/17/2017 04/17/17 Price Changed $2,700,000 -4.4% $303 / Sq Ft
03/06/2017 03/06/17 For Sale $2,825,500 -- $317 / 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 $1,325 $2,617,002 $1,820,524 $796,478
2024 $1,325 $2,565,689 $1,784,828 $780,861
2023 $3,115 $2,515,382 $1,749,832 $765,550
2022 $30,303 $2,466,062 $1,715,522 $750,540
2021 $29,907 $2,417,709 $1,681,885 $735,824
2020 $30,203 $2,399,320 $1,664,640 $734,680
2019 $29,033 $2,352,400 $1,632,000 $720,400
2018 $28,879 $2,306,400 $1,600,000 $706,400
2016 $13,828 $1,060,612 $636,368 $424,244
2015 $13,641 $1,044,682 $626,810 $417,872
2014 $13,794 $1,024,219 $614,532 $409,687
Source: Public Records

Agents Affiliated with this Home

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Source: The MLS

MLS Number: 17-206048

The MLS
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