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118 N Breed St, Los Angeles, CA 90033
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118 N Breed St Los Angeles, CA 90033

$1,597,500 Sold Price as of 08/01/2023
  • 20 Beds
  • 10 Baths
  • 5,934 Sq.Ft.
Sold
$1,597,500 Sold Price as of 08/01/2023 Refinance Your Mortgage
Map preview of 118 N Breed St, Los Angeles, CA 90033

Property Overview: 118 N Breed St Los Angeles, CA has 20 bedrooms, 10 bathrooms, 5,934 living square feet and 8,309 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: All roads lead to Boyle Heights. An opportunity of a lifetime to own an Income property in this 241-year-old historical Los Angeles community. This 18-unit multi parcel investment income property with parking that was built in 1959 is now on the market for the first time in 50 years. Located only 3 miles east of Downtown and 3 miles to Los Angeles with easy accesses to major freeways such as the 5 and 10 and 101. Boyle Heights' mix of history and trendy coffee shops, Restaurants, art and music creates a high demand for renters' desire to live with the community being 75% of residents are renters. All schools Breed st elementary, Hollenbeck middle and Rosevelt High School are within walking distance as are major parks Ross Valencia Community Park and Historical Hollenbeck Park. The signs of gentrification are clear as new developments and companies moving into the area, Boyle Heights.118 & 120-122 N Breed St is a 2 parcel 3 building 18-unit property with ample parking. With a mix consisting of 118 N Breed St Is 10 units 2-bedroom 1 bath each. 120 N Breed St is a 4-unit 2-bedroom 1 bath each.122 N Breed St is 4 units 3-bedroom 1 bath each. Total of 40 bedrooms 18 bath, This amazing opportunity very close to Metro, Bus within walking distance. Police station and fire department walking distance. Metro connects to Los Angeles and many other cities. USC Medical Center only (1.3 mi) White Memorial Hospital only (0.8 mi).

Listed by Amparo Gastelum | BRE #01701696 | Max Real Estate
Co-listed by Jessica Gastelum | BRE #02010148 | Max Real Estate
Last checked: 6 minutes ago | Last updated: August 16th, 2023 | Source CRMLS | DOM: 277

Home details

Lot Sq. Ft
8,309
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
DW22182855
City
Los Angeles
County
Los Angeles
Time on Site
763 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
  • # of Electric Meters: 18
  • # of Gas Meters: 18
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,112
  • Total Rent: $11,120
  • Pro Forma/Market Rent: $22,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $133,344
  • Net Operating Income: $110,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $23,000
  • Electric: $980
  • Gas/Fuel: $0
  • Trash: $7,200
  • Insurance: $0
  • Professional Management: $7,200
  • Water/Sewer: $8,600

Property Details for 118 N Breed St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Floor Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 36-40 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 10
  • Parcel Number: 5183005011
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Breed St and 1st
Neighborhood Information
  • Community Features: Park, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 118 N Breed St

Last sold for $1,597,500 on August 1st, 2023

  • August, 2023

  • Aug 1, 2023

    Date

    Sold

    CRMLS: DW22182855

    $1,597,500

    Price

  • Aug 18, 2022

    Date

    Active

    CRMLS: DW22182855

    $2,262,000

    Price

  • August, 2022

  • Aug 2, 2022

    Date

    Expired

    CRMLS: 22161131

    $2,362,500

    Price

  • May 25, 2022

    Date

    Active

    CRMLS: 22161131

    $2,362,500

    Price

  • Listing provided courtesy of CRMLS

    118 & 120-122 N Breed St is an excellent opportunity to own 18units in the quickly growing neighborhood of Boyle Heights, Los Angeles. With many new developments and companies moving into the area, Boyle Heights is a premier location for growth in the heart of Los Angeles.118 & 120-122 N Breed St is a 2 parcel, 3 building, 18 unit property. With a great unit mix consisting of -118 N Breed St: Ten (10) 2 bedroom - 1 bathroom units120 N Breed St: Four (4) 2 bedroom - 1 bathroom units122 N Breed St: Four (4) 3 bedroom - 1 bathroom units118 & 120-122 N Breed St provides the opportunity to own a large property in the heart of Boyle Heights with good in place rents, and significant potential upside.

  • July, 2014

  • Jul 15, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 118 N Breed St

Assessed Value (2020): $155,527
Year Land Value Improved Value Assessed Value
2020 $31,136 $124,391 $155,527

Home Value Compared to the Market

This property vs the competition

118 N Breed St sold on August 1, 2023 for 65.18% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $311.76 per/sqft which puts the price per square foot 56.94% lower than the current median sale per square foot for the city of Los Angeles.

About 118 N Breed St

Detailed summary of property

118 N Breed St is a apartment that recently sold in Los Angeles, CA 90033. This apartment offered 20 bedrooms, 10 bathrooms, roughly 5,934 living square feet, and sits on an approximately 8,309 square foot lot. 118 N Breed St was first listed on ArdentRealEstateGroup.com on August 18, 2022. The homeowner sold the property for $1,597,500. Home 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 65.18% higher than the current median priced home. Local homes that are currently for sale include 1212 S Hicks Ave, 945 record Ave and 4421 Floral Drive. While the average home in Los Angeles, CA is selling in 106 days, 118 N Breed St has a days on market of 277 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. For more information on this home for sale at 118 N Breed 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 118 N Breed St

Public county record property details
Beds
20
Baths
10
Year built
1959
Sq. Ft.
5,934
Lot Size
8,309
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,9
APN
5183-005-011

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
$749,000
Median List Price/Sq.Ft.
$444
Median Sold Price
$660,000
Median Sold Price/Sq.Ft.
$700
Total Inventory
8
Median Sale to List Price %
96.35%
Avg Days on Market
30
Loan Type
Conventional (40%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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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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