NOT LISTED FOR SALE

Estimated Value: $1,001,000 - $1,348,000

5 Beds
4 Baths
2,576 Sq Ft
$453/Sq Ft Est. Value

Last Sold January 17, 2024

Last sale price $1,250,000 $485 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $7,368/month

7 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Panoramic View
  • Craftsman Architecture
  • Felicitas and Gonzalo Mendez High Rated A-
  • Open Floorplan
  • Wood Flooring

About This Home

As of January 2024

Take a look at this exquisite Craftsman Style Duplex and what a gem that offers the perfect balance of original period details & modern amenities located in a prime location & high demand are of Boyle Heights. The property is just not beautiful, it's AMAZING! Both units offer the perfect open floor plan with an abundance of natural light throughout the entire units. Wait till you see the amazing downtown LA city views that both units offer. The top unit offers a huge living room, formal dining w/fireplace, a super spacious kitchen+ a lounge/sunroom area off the kitchen, private laundry room, and a spacious master bedroom, 2 full baths, central ac/heat + a covered/roof terrace that wraps around the front of the unit and a fully fenced cemented courtyard/area in the front & back. Along with a spacious yard & cemented area with the following fruit trees: Lemon, peach, avocados, figs, mango, guava's and orange. The bottom unit offer 2 spacious bedrooms, 2-baths, original wood floors that have been refurbished, The main entry gives way to a spacious living, just beyond is an open spacious kitchen with amazing cabinetry, a beautiful island that opens beyond into the living room. The kitchen French glass door leads to a beautiful private spacious wood deck with super amazing downtown city views and spacious backyard perfect for all of your entertaining. Plenty of parking in the long driveway that is fully fenced with an electric gate + a detached garage that comes with preliminary building/plans that have been submitted to the City of LA for approval to convert the garage into an "ADU" that would offer a 1-bed, 1-bath, living room and a private deck off the kitchen. The units also offer 3 huge basements. The entire property is truly TURNKEY TURNKEY! A truly unforgettable offering all just moments & walking distance from restaurants & cafes bar-lounges, freeways, downtown LA, the Arts District, the plaza de Los Mariachis, White Memorial Hospital, mins away from CAL-State LA University, Keck USC Hospital, transportation, metro, bus stops, and 5,101,60, 10 freeways. Property offers way too much to list!!! Come see for yourself and you will fall in love.

Last Listed By

Jose Arana

CENTURY 21 REALTY MASTERS License #01318305 Listed on: 12/14/2023

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,197

Year Built

  • Built in 1916

Lot Details

  • 5,440 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Wood Fence
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Property Views

  • Panoramic
  • City Lights
  • Neighborhood

Home Design

  • Duplex
  • Craftsman Architecture
  • Turnkey
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,576 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Recessed Lighting
  • French Doors
  • Sliding Doors
  • Living Room
  • Dining Room with Fireplace
  • Workshop
  • Quartz Countertops
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • All Bedrooms Down
  • Mirrored Closets Doors
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Separate Outdoor Workshop
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 15
  • Tax Tract Number 40
  • Assessor Parcel Number 5174015020

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $835
  • Operating Expense $835
  • Gross Income $93,965
  • Net Operating Income $93,965

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,197

Year Built

Built in 1916

Lot Details

0

Parking

2

Listing Details

  • Ad Number: 323-633-4317
  • Other Phone Description: 323-633-4317
  • Other Phone Number: 323-633-4317
  • Price Per Unit: 624500
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Architectural Style: Craftsman
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 5174015020
  • Year Built: 1916
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Open Floorplan, Quartz Counters, Recessed Lighting
  • Stories: 2
  • Entry Location: yes
  • Common Walls: 1 Common Wall
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Door Features: French Doors, Mirror Closet Door(s), Sliding Doors
  • Entry Level: 1
  • Fireplace Features: Dining Room
  • Levels: One
  • Price Per Square Foot: 485.25
  • Room Type: All Bedrooms Down, Laundry, Living Room, Workshop

Exterior Features

  • Other Structures: Storage, Workshop
  • View: City Lights, Neighborhood, Panoramic
  • Fence: Yes
  • Fencing: Wood, Wrought Iron
  • Pool Private: No
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Concrete, Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Yard
  • Lot Size Sq Ft: 5440.00
  • Lot Size Acres: 0.1249

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 93965.00
  • Gross Scheduled Income: 94800.00
  • Insurance Expense: 835.00
  • Lot Size Area: 5440.0000 Square Feet
  • Net Operating Income: 93965.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Disposal: 2
  • Operating Expense: 835.00
  • Rent Control: Yes
  • Total Actual Rent: 7900.00
  • Total Expenses: 835.00
  • Vacancy Allowance: 3500

Tax Info

  • Tax Lot: 15
  • Tax Tract Number: NW 40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2023
Closed on
Dec 22, 2023
Sold by
Hb Management Group Inc and Eastside Properties Llc
Bought by
Lechtenberg Laura Ann and Lamberti Peter Michael
Seller's Agent
Jose Arana
CENTURY 21 REALTY MASTERS
Buyer's Agent
Dora Yarid Obrien
KW SELA
List Price
$1,249,000
Sold Price
$1,250,000
Premium/Discount to List
$1,000
0.08%
Total Days on Market
7
Views
95
Current Estimated Value
$1,167,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$82,201
Avg. Annual Appreciation
-5.22%
Original Mortgage
$799,000
Outstanding Balance
$788,823
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$378,976

Purchase Details

Listed on
Dec 14, 2023
Closed on
Dec 7, 2023
Sold by
Hb Management Group Inc
Bought by
Hb Management Group Inc and Eastside Properties Llc
Seller's Agent
Jose Arana
CENTURY 21 REALTY MASTERS
Buyer's Agent
Dora Yarid Obrien
KW SELA
List Price
$1,249,000
Sold Price
$1,250,000
Premium/Discount to List
$1,000
0.08%
Views
95

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$799,000
Outstanding Balance
$788,823
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$378,976

Purchase Details

Listed on
May 2, 2023
Closed on
May 12, 2023
Sold by
Patino Family Living Trust
Bought by
Hb Managament Group Inc
Seller's Agent
Jose Manjarrez
Century 21 Realty Masters
Buyer's Agent
Anthony Manjarrez
Century 21 Realty Masters
List Price
$899,000
Sold Price
$800,000
Premium/Discount to List
-$99,000
-11.01%
Views
107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
98.69%

Purchase Details

Closed on
Mar 6, 2003
Sold by
Patino Adalberto C and Patino Clementina M
Bought by
Patino Adalberto C

Range of Values:

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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
Lechtenberg Laura Ann $1,249,000 Wfg National Title
Hb Management Group Inc -- Wfg National Title
Hb Managament Group Inc $800,000 Wfg National Title
Patino Adalberto C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lechtenberg Laura Ann $799,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2024 01/17/24 Sold $1,250,000 +0.1% $485 / Sq Ft
12/22/2023 12/22/23 Pending -- -- --
12/14/2023 12/14/23 For Sale $1,249,000 +56.1% $485 / Sq Ft
05/25/2023 05/25/23 Sold $800,000 -11.0% $311 / Sq Ft
05/11/2023 05/11/23 Pending -- -- --
05/02/2023 05/02/23 For Sale $899,000 -- $349 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2024 $10,197 $816,000 $510,000 $306,000
2023 $772 $37,401 $16,228 $21,173
2022 $746 $36,668 $15,910 $20,758
2021 $721 $35,950 $15,599 $20,351
2019 $704 $34,887 $15,138 $19,749
2018 $604 $34,204 $14,842 $19,362
2016 $545 $32,877 $14,266 $18,611
2015 $539 $32,384 $14,052 $18,332
2014 $554 $31,750 $13,777 $17,973
Source: Public Records

Agents Affiliated with this Home

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB23224484

California Regional Multiple Listing Service (CRMLS)

APN: 5174-015-020