1018 S Lorena St Los Angeles, CA 90023

$911,000 Sold Price as of 08/24/2006

15 Beds
10 Baths
5,862 Sq.Ft.

Off Market

$911,000 Sold Price as of 08/24/2006 Refinance Your Mortgage

Map preview of 1018 S Lorena St, Los Angeles, CA 90023

Property Overview: 1018 S Lorena St Los Angeles, CA has 15 bedrooms, 10 bathrooms, 5,862 living square feet and 7,565 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

1018 S Lorena St is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 1018 S Lorena St

Last sold for $911,000 on August 24th, 2006

January, 2022
Jan 19, 2022

Date

Price Change

CRMLS: CV21237027

$2,200,000

Price
Listing provided courtesy of CRMLS

We are proud to exclusively present the opportunity to acquire 1018- 1020 South Lorena Street, a 10-unit multifamily investment property located in the Boyle Heights neighborhood of Los Angeles, California. Built in 1963, the property sits on 0.17 acres and has a building size of approximately 5,862 square feet. The building consists of (1) Studio/one-bathroom unit, (4) one-bedroom/one-bathroom units, and (5) two-bedroom/one- bathroom units. The property features two single-car garages, seven open space parking, owned on-site laundry, and has been seismic retrofitted. Copper plumbing has recently been re-pipped. All units are individually metered for gas and electricity. Rents are subjected to City of Los Angeles rent stabilization program. The property has an attractive rental location in Southeast Los Angeles, the neighborhood of Boyle Heights, and is ideally situated at the intersection of five major freeways, the Interstate 5, 10, 710, the U.S. 101, and the California 60 freeways. The apartment is within walkable distance to multiple supermarkets, restaurants, and recreations, including Vallarta Supermarket, Guadalajara Market, and Hollenbeck Lake. With a very walkable score of 85 and rated excellent in public transportation, the property is well served by four different Metro Gold Line Stations and the famous Union Station, which can take commuters to the Los Angeles International Airport.

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August, 2017
Aug 1, 2017

Date

Expired

CRMLS: SB17060177

$1,750,000

Price
May 8, 2017

Date

Withdrawn

CRMLS: SB17060177

$1,750,000

Price
Apr 27, 2017

Date

Active

CRMLS: SB17060177

$1,750,000

Price
Apr 19, 2017

Date

Active Under Contract

CRMLS: SB17060177

$1,750,000

Price
Mar 29, 2017

Date

Price Change

CRMLS: SB17060177

$1,750,000

Price
Mar 23, 2017

Date

Active

CRMLS: SB17060177

$1,850,000

Price
Listing provided courtesy of CRMLS

1018 S Lorena Street, built in 1963 is a 10 unit apartment building comprised of five (5) two bedroom/one baths, four (4) one bed/one bath, one (1) bachelor and nine (9) parking spaces available. The property in located in Boyle Heights where the 10/5/101 freeways intersect and considered one of the most attractive locations for investors because it retains LA’s last available low-cost per door option. Boyle Heights has been gentrifying more rapidly than other LA sub-markets due to increasing rents and consistently higher than average occupancy rates. This is a prime opportunity to acquire one of the best value-add apartments in close proximity to downtown LA’s trending attractions & neighborhoods.

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August, 2006
Aug 24, 2006

Date

Sold (Public Records)

Public Records

$911,000

Price

Tax History for 1018 S Lorena St

Assessed Value (2020): $1,116,547

Year	Land Value	Improved Value	Assessed Value
2020	$384,850	$731,697	$1,116,547

About 1018 S Lorena St

Detailed summary of property

1018 S Lorena St is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90023 and last sold on August 24, 2006 for $911,000. This property has 15 bedrooms, 10 bathrooms, roughly 5,862 living square feet, and sits on an approximately 7,565 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 18.66% lower than the current median priced home. 1018 S Lorena St was last sold on August 24, 2006 for $911,000. Local nearby listings include 2418 E 7th St, 3900 E 3rd St and 2837 Malabar St. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 1018 S Lorena St Los Angeles, CA 90023 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1018 S Lorena St

Public county record property details

Beds: 15
Baths: 10
Year built: 1963
Sq. Ft.: 5,862
Lot Size: 7,565
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 77
APN: 5188-020-018

The source for these homes facts are from public records.

90023 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$620,000

Median List Price/Sq.Ft.

$628

Median Sold Price

$692,500

Median Sold Price/Sq.Ft.

$604

Total Inventory

Median Sale to List Price %

106.55%

Avg Days on Market

Loan Type

Conventional (0%), FHA (25%), VA (0%), Cash (0%), Other (50%)

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(714) 706-1823

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