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2005 Eastlake Ave, Los Angeles, CA 90031
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2005 Eastlake Ave Los Angeles, CA 90031

$839,000 Sold Price as of 06/11/2021
  • 5 Beds
  • 2 Baths
  • 1,937 Sq.Ft.
Sold
$839,000 Sold Price as of 06/11/2021 Refinance Your Mortgage
Map preview of 2005 Eastlake Ave, Los Angeles, CA 90031

Property Overview: 2005 Eastlake Ave Los Angeles, CA has 5 bedrooms, 2 bathrooms, 1,937 living square feet and 9,550 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: A rare find! Duplex on a spacious lot of 9,550 sf in coveted Lincoln Heights. Quiet and peaceful neighborhood, close to Downtown LA, Chinatown, USC Medical Center and public transportation. Only minutes to major freeways. The owner of this property has the choice of living close to family in two separate homes or ensuring privacy by taking advantage of its 2 entrances/driveways, one on Eastlake and the other on Darwin Ave. This is a rare configuration that makes the property feel almost like 2 entirely separate single family residences. The front unit, 2005 Eastlake, has 1,040 sf of living space. It features 3 bedrooms, 1 bathroom, a front and back yard, and 3 parking spaces on the driveway. This unit is currently occupied by tenants. 2007 Eastlake Ave sits at the back of the lot and is available for showing. Refer also to virtual staging photos. It offers 900 sf of living space including 2 bedrooms, 1 bathrooms and a bonus room. This unit has just been redone a few months ago with new kitchen cabinets, granite countertop, copper piping, vinyl floor and much more. The driveway entrance for this unit easily accommodates 5 parking cars. Each house has its own laundry hookups, separate electric and gas meters. With the new ADU law in LA, this property has a lot of potential to expand: adding rooms, ADU, junior ADU etc.,… Please do not disturb tenants. Lot is zoned LARD3. Sold as is.

Listed by Hong Dinh | BRE #02101068 | Keller Williams Realty
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
9,550
HOA Dues
$0/mo
Year built
1922
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21061527
City
Los Angeles
County
Los Angeles
Time on Site
1174 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $62,400
  • Net Operating Income: $50,890
  • Gross Operating Income: $62,400
Annual Expense Breakdown
  • Total Operating Expense: $11,987
  • New Taxes: $10,987
  • Trash: $0
  • Insurance: $1,000
  • Water/Sewer: $0

Property Details for 2005 Eastlake Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Vinyl
  • Bonus Room
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Ceiling Fan(s)
  • Window Features: ENERGY STAR Qualified Windows
Exterior Features
Exterior Information
  • Roof: Asbestos Shingle
  • Barbecue Private
  • Has Fence
  • Chain Link
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5210027022
  • Year Built Source: Public Records
  • Architectural Style: Traditional
  • Foundation Details: Raised
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: I5 exit 136A to Main street then turn left at Eastlake Ave, the house is on the left hand side
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Park
View more facts & features

Local Los Angeles Agent

Sale History for 2005 Eastlake Ave

Last sold for $839,000 on June 11th, 2021

  • June, 2021

  • Jun 13, 2021

    Date

    Sold

    CRMLS: PW21061527

    $839,000

    Price

  • May 22, 2021

    Date

    Pending

    CRMLS: PW21061527

    $879,000

    Price

  • May 21, 2021

    Date

    Active

    CRMLS: PW21061527

    $879,000

    Price

  • Apr 29, 2021

    Date

    Hold

    CRMLS: PW21061527

    $879,000

    Price

  • Mar 30, 2021

    Date

    Active

    CRMLS: PW21061527

    $879,000

    Price

  • Mar 26, 2021

    Date

    Coming Soon

    CRMLS: PW21061527

    $879,000

    Price

  • March, 2021

  • Mar 26, 2021

    Date

    Canceled

    CRMLS: PW20248509

    $879,000

    Price

  • Mar 13, 2021

    Date

    Withdrawn

    CRMLS: PW20248509

    $879,000

    Price

  • Jan 26, 2021

    Date

    Active

    CRMLS: PW20248509

    $879,000

    Price

  • Jan 22, 2021

    Date

    Withdrawn

    CRMLS: PW20248509

    $879,000

    Price

  • Jan 7, 2021

    Date

    Price Change

    CRMLS: PW20248509

    $879,000

    Price

  • Dec 16, 2020

    Date

    Price Change

    CRMLS: PW20248509

    $889,000

    Price

  • Dec 6, 2020

    Date

    Price Change

    CRMLS: PW20248509

    $875,000

    Price

  • Dec 5, 2020

    Date

    Active

    CRMLS: PW20248509

    $897,000

    Price

  • Dec 2, 2020

    Date

    Coming Soon

    CRMLS: PW20248509

    $897,000

    Price

  • Listing provided courtesy of CRMLS

    Well thought-out duplex on a spacious lot of 9,549 sf in the much coveted Lincoln Heights neighborhood where you have the best of both worlds: quiet and friendly surroundings yet only minutes away from Downtown LA, Chinatown, Staples Center, USC Medical Center and public transportation. Only minutes to major freeways. The owner of this property has the choice of living close to family in two separate homes or ensuring privacy by taking advantage of its 2 entrances, one on Eastlake Ave. and the other on Darwin Ave. This is a rare configuration that, if desired, can make the property feel like 2 entirely separate single family residences. 2005 Eastlake is 1,040 sf. It features 3 bedrooms, 1 bathroom, a front patio, a private garden and has parking for 3 cars on the side driveway. It currently collects $2,100/mo. in income. 2007 Eastlake sits at the back of the lot and is vacant. It features approximately 900 sf of living space, 2 bedrooms, 1 bath, bonus room, 2 car garage and a private driveway off Darwin Ave that can accommodate up to 7 cars. This second unit has just been redone after tenant moved out with new kitchen cabinet, granite countertop, copper piping, vinyl floor and much more. This unit is available for showing. Each home has its own laundry hookup, separate electric & gas meters. With the new ADU law in LA in place this spacious property can be expanded to include several more units. Please do not disturb tenants. Lot is zoned LARD3. Sold as-is.

  • March, 2021

  • Mar 1, 2021

    Date

    Expired

    CRMLS: PW21014667

    $2,400

    Price

  • Feb 1, 2021

    Date

    Withdrawn

    CRMLS: PW21014667

    $2,400

    Price

  • Jan 22, 2021

    Date

    Active

    CRMLS: PW21014667

    $2,400

    Price

  • Listing provided courtesy of CRMLS

    Newly remodeled 2 bedroom, 1 bathroom and 1 bonus room with new kitchen cabinet, granite counter top; vinyl floor, double panes windows, copper piping; New paint; all new led light. Driveway to Darwin Ave which can park groups of cars.

  • February, 2021

  • Feb 8, 2021

    Date

    Expired

    CRMLS: PW20114967

    $875,000

    Price

  • Oct 27, 2020

    Date

    Withdrawn

    CRMLS: PW20114967

    $875,000

    Price

  • Oct 8, 2020

    Date

    Price Change

    CRMLS: PW20114967

    $875,000

    Price

  • Oct 7, 2020

    Date

    Active

    CRMLS: PW20114967

    $899,000

    Price

  • Oct 6, 2020

    Date

    Price Change

    CRMLS: PW20114967

    $899,000

    Price

  • Oct 1, 2020

    Date

    Withdrawn

    CRMLS: PW20114967

    $857,000

    Price

  • Oct 1, 2020

    Date

    Active

    CRMLS: PW20114967

    $857,000

    Price

  • Sep 29, 2020

    Date

    Active Under Contract

    CRMLS: PW20114967

    $857,000

    Price

  • Sep 22, 2020

    Date

    Active

    CRMLS: PW20114967

    $857,000

    Price

  • Sep 1, 2020

    Date

    Active Under Contract

    CRMLS: PW20114967

    $857,000

    Price

  • Aug 7, 2020

    Date

    Active

    CRMLS: PW20114967

    $857,000

    Price

  • Listing provided courtesy of CRMLS

    Terrific duplex in the much coveted Lincoln Heights neighborhood where you have the best of both worlds: quiet and friendly surroundings and only minutes away from Downtown LA, Chinatown, Staples Center, USC Medical Center, public transportation and close proximity to all major freeways. With this property you have the choice of living close to family in two separate homes or ensure privacy by taking advantage of its 2 entrances, one on Eastlake Ave. and the other on Darwin Ave., a rare configuration that can make the property feel like 2 entirely separate single family residences. 2005 Eastlake is 1,040 sf. It features 3 bedrooms, 1 bathroom, a front patio, private garden and has parking for 3 cars on the side driveway. It currently collects $2,100/mo in income. This unit was remodeled in 2015 (according to previous owner). 2007 Eastlake sits at the back of the lot and collects $1,944/mo in income. It features approximately 897 sf of living space, 2 bedrooms, 1 bath, bonus room, 2 car garage and private driveway off Darwin Ave that can accommodates up to 7 cars. This second unit was redone in 2017. Each home has its own laundry hookup, separate electric & gas meters. The area is in high demand for rentals. Please do not disturb tenants. Lot is zoned LARD3. Sold as-is.

  • February, 2020

  • Feb 20, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2016

  • May 11, 2016

    Date

    Sold (Public Records)

    Public Records

    $565,000

    Price

Show More

Tax History for 2005 Eastlake Ave

Assessed Value (2020): $611,573
Year Land Value Improved Value Assessed Value
2020 $454,621 $156,952 $611,573

Home Value Compared to the Market

This property vs the competition

2005 Eastlake Ave sold on June 11, 2021 for 22.21% lower than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $453.79 per/sqft which puts the price per square foot 39.82% lower than the current median sale per square foot for the city of Los Angeles.

About 2005 Eastlake Ave

Detailed summary of property

2005 Eastlake Ave is a multi family that recently sold in Los Angeles, CA 90031. This multi family property offered 5 bedrooms, 2 bathrooms, roughly 1,937 living square feet, and sits on an approximately 9,550 square foot lot. 2005 Eastlake Ave was first listed on ArdentRealEstateGroup.com on March 26, 2021. The homeowner sold the property for $839,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 22.21% lower than the current median priced home. Local homes that are currently for sale include 4208 Griffin Ave, 321 W Avenue 37 and 3149 Fairmount St. While the average home in Los Angeles, CA is selling in 94 days, 2005 Eastlake Ave has a days on market of 30 days. There are currently 3859 homes for sale in the Los Angeles real estate market and 2609 of them are single family homes while 1145 of them are condos and 99 are townhomes. For more information on this home for sale at 2005 Eastlake Ave Los Angeles, CA 90031 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2005 Eastlake Ave

Public county record property details
Beds
5
Baths
2
Year built
1922
Sq. Ft.
1,937
Lot Size
9,549
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
3,4
APN
5210-027-022

The source for these homes facts are from public records.

90031 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$849,000
Median List Price/Sq.Ft.
$640
Median Sold Price
$750,000
Median Sold Price/Sq.Ft.
$515
Total Inventory
32
Median Sale to List Price %
100%
Avg Days on Market
79
Loan Type
Conventional (30%), FHA (0%), VA (0%), Cash (10%), Other (10%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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