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1023 Tremont St, Los Angeles, CA 90033
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1023 Tremont St Los Angeles, CA 90033

$1,000,000 Sold Price as of 10/04/2019
  • 10 Beds
  • 5 Baths
  • 4,051 Sq.Ft.
Sold
$1,000,000 Sold Price as of 10/04/2019 Refinance Your Mortgage
Map preview of 1023 Tremont St, Los Angeles, CA 90033

Property Overview: 1023 Tremont St Los Angeles, CA has 10 bedrooms, 5 bathrooms, 4,051 living square feet and 8,147 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Tremont Apartments is a five-unit multifamily property located in Los Angeles' Boyle Heights neighborhood, one of the city's rapidly evolving submarkets. The continued transformation of this neighborhood will continue to have positive business impacts, bringing in new retail and entertainment options, and transforming a once neglected portion of the city into a vibrant community with improved services surrounding major transit hubs.Located at 1023 Tremont Street, The Tremont Apartments was built in 1927 and features 4,051 square-feet of improvements on a 8,138 square-foot lot. The property features all two-bedroom and one-bath units with an average living space of 800 square feet each and individual water heaters. Three of the five units are currently occupied by the seller and his family - these three units will be delivered vacant at the close of escrow,.

Listed by Peter Strauss | BRE #01335696 | Iconic Investments
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 53

Home details

Lot Sq. Ft
8,147
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19476374
City
Los Angeles
County
Los Angeles
Time on Site
1213 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,607
  • Total Rent: $8,038
  • Pro Forma/Market Rent: $1,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.1%
  • Gross Rent Multiplier: 11.14
  • Gross Scheduled Income: --
  • Net Operating Income: $65,548
  • Gross Operating Income: $96,464
  • Improvements Total: $182,873
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1023 Tremont St

Interior Features
Laundry Information
  • No Laundry
  • None
Kitchen Information
  • No Appliances
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 5
  • Parcel Number: 5177005042
Location / Neighborhood
Location Information
  • Directions: Located in Boyle Heights
View more facts & features

Local Los Angeles Agent

Sale History for 1023 Tremont St

Last sold for $1,000,000 on October 4th, 2019

  • October, 2019

  • Oct 7, 2019

    Date

    Sold

    CRMLS: 19476374

    $1,000,000

    Price

  • Aug 1, 2019

    Date

    Active Under Contract

    CRMLS: 19476374

    $1,075,000

    Price

  • Jun 10, 2019

    Date

    Active

    CRMLS: 19476374

    $1,075,000

    Price

  • October, 2019

  • Oct 3, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

  • September, 2003

  • Sep 18, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1023 Tremont St

Assessed Value (2020): $1,000,000
Year Land Value Improved Value Assessed Value
2020 $600,000 $400,000 $1,000,000

Home Value Compared to the Market

This property vs the competition

1023 Tremont St sold on October 4, 2019 for 9.66% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $265.37 per/sqft which puts the price per square foot 64.85% lower than the current median sale per square foot for the city of Los Angeles.

About 1023 Tremont St

Detailed summary of property

1023 Tremont St is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 10 bedrooms, 5 bathrooms, roughly 4,051 living square feet, and sits on an approximately 8,147 square foot lot. 1023 Tremont St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,000,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 9.66% lower than the current median priced home. Local homes that are currently for sale include 929 N Rowan Ave, 317 N Mathews St and 2001 City View Ave. While the average home in Los Angeles, CA is selling in 93 days, 1023 Tremont St has a days on market of 53 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1023 Tremont St Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1023 Tremont St

Public county record property details
Beds
6
Baths
4
Year built
1927
Sq. Ft.
4,051
Lot Size
8,098
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
42
APN
5177-005-042

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$800,000
Median List Price/Sq.Ft.
$520
Median Sold Price
--
Median Sold Price/Sq.Ft.
--
Total Inventory
11
Median Sale to List Price %
--
Avg Days on Market
--
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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