$849,000
$146K PRICE DROP

Estimated payment $4,978/month

Total Views 19,744
7 Beds
4 Baths
3,082 Sq Ft
$275 Price per Sq Ft

About This Home

*** 3 UNITS PRICED @ $849,000 *** We are pleased to present three single story detached homes located in the East Los Angeles/Boyle Heights Neighborhood area. This property is being offered for sale for the first time in 23 years as it has been family owned, managed and operated for over two decades. Opportunity knocks to invest in this high density zoned (LARD1.5) with triple frontage lot on an 8,715 square foot lot. The three separate structures are outlined with a front house (3 bedroom + 1.5 bathroom, of 1,400 square foot and built in 1929), a middle cottage (2 bedroom + 1 bathroom, of 746 square foot and built in 1982**this unit is not subject to LA City RSO), and a rear cottage (2 bedroom + 1 bathroom, of 936 square foot and built in 1920). A new investor has substantial rental upside potential of +/- 96% with minimum expenses as these units are separately metered for gas and electricity. This location is considered 'Very Walkable with an 85 Walk Score'. Also, it is conveniently located near the 5, 60 and 101 freeways. Please note, this property is subject to Los Angeles City Rent Control (with the exception of 1 unit). Buyer to verify at their own expense.

Listing Agent

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 03/04/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • 1 Car Garage
  • 3 Open Parking Spaces

Interior Spaces

  • 3,082 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 5188-015-007

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • Vacancy Allowance $1,619

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

8,712 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 3082
  • Lot Acreage: 0.2001
  • Stories: 1
  • Year Built: 1920
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 275.47

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 1
  • Other Spaces: 3
  • Parking Garage: Uncovered, Garage Is Detached
  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 47.78
  • Assessed Improvement Value: 202758
  • Assessed Land Percent: 52.22
  • Assessed Land Value: 221584
  • Total Assessed Value: 424342
  • Assessor Parcel Number: 5188-015-007
  • Lot Size Area: 8712

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 15.73
  • Number Of Units: 3
  • Type Of Units: Homes
  • Vacancy Allow: 1619
  • Vacancy Allow Percent: 3.00

Map

Range of Values:

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Value Increase
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Percent Increase
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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

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 $5,721 $432,828 $226,015 $206,813
2024 $5,721 $424,342 $221,584 $202,758
2023 $5,620 $416,023 $217,240 $198,783
2022 $5,376 $407,867 $212,981 $194,886
2021 $5,298 $399,870 $208,805 $191,065
2020 $5,344 $395,770 $206,664 $189,106
2019 $5,151 $388,011 $202,612 $185,399
2018 $4,954 $380,404 $198,640 $181,764
2016 $4,712 $365,634 $190,928 $174,706
2015 $4,648 $360,143 $188,061 $172,082
2014 $4,682 $353,090 $184,378 $168,712
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2025 08/20/25 Price Changed $849,000 -5.6% $275 / Sq Ft
04/01/2025 04/01/25 Price Changed $899,000 -9.6% $292 / Sq Ft
03/04/2025 03/04/25 For Sale $995,000 -- $323 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $200,000 Chicago Title Co
Source: Public Records

Source: The MLS

MLS Number: 25506369

The MLS

APN: 5188-015-007

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