2007 Bailey St, Los Angeles, CA 90033
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2007 Bailey St Los Angeles, CA 90033

$500,000 Sold Price as of 12/03/2021
  • 0 Beds
  • 0 Baths
  • 1,820 Sq.Ft.
Sold
$500,000 Sold Price as of 12/03/2021 Refinance Your Mortgage

Map preview of 2007 Bailey St, Los Angeles, CA 90033

Property Overview: 2007 Bailey St Los Angeles, CA has -- bedrooms, -- bathrooms, 1,820 living square feet and 5,923 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Multi-Family Duplex Residence in Boyle Heights 2007-2009 Bailey St. Los Angeles, CA 90033 APN: 5175-026-005 List Price: $546,000 Lot Sqft: 5922 Building SqFt: 1820 Year Established: 1922 2 units on lot. ($273k/unit- not sold separately) Left-side duplex is rented by one family. Right-side duplex is rented individually per room, one room vacant. LARGE basement underneath each unit of duplex. Basement can be converted into ADU. Fix & Flip ***Unique investment opportunity to convert basement. Can be utilized for personal use by owner/converted to income-producing Airbnb + VRBO units/Additional Dwelling Unit*** BUYER TO INVESTIGATE AND CONFIRM ALL POSSIBILITIES. GET CREATIVE with the basement living space. Use it as you wish and at your convenience. Come and go as you please with your own secured entrance into the private basement area. Property will be sold as-is and tenant-occupied. One long hallway leads to each room until arriving at the kitchen. Passing the kitchen, the hallways reach the bathroom at the very end of the hall. Pictures of vacant unit on right-side duplex are included. Rooms are similar in size and layout. Large parking lot behind the building has several parking spots on the lot. Large lot behind the building, lots of potential for the space. Building is in Boyle Heights and has unprecedented potential in this up-and-coming neighborhood area. Next to several hospitals: Keck School of Medicine, LAC + USC Medical Center, Adventist Health White Memorial, Los Angeles Veterinary Center, & Los Angeles City Fire Department. Next to several parks: Hazard Recreation Center, Lincoln Park, Ascot Hills Park, Ernest E. Debs Regional Park, Elysian Park, Dodger's Stadium, Hollenbeck Park Community Center. Next to shopping centers, restaurants, local and family-owned businesses, walking streets, biking lanes, supermarkets, convenience stores, gas stations, and banks. Adjacent to the main freeways with easy access to Downtown Los Angeles and several other locations easy to commute to. Come see it for yourself today! Tenants are cooperative with showings with 24-hour notices. Please contact listing agent to schedule a showing.

Listed by Lucia Mautino | BRE #02130945 | Maximum Realty & Property Mgn.
Co-listed by Dennis Smith | BRE #01295816 | Maximum Realty & Property Mgn.
Last checked: 11 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 71

Home details

Lot Sq. Ft
5,923
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
320007336
City
Los Angeles
County
Los Angeles
Time on Site
1133 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 0
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Unit Breakdown 5
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
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Unit Breakdown 6
  • # of Units: --
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  • # of Baths: 0
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Unit Breakdown 7
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Unit Breakdown 8
  • # of Units: --
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Unit Breakdown 9
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Unit Breakdown 10
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Unit Breakdown 11
  • # of Units: --
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Unit Breakdown 12
  • # of Units: --
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Unit Breakdown 13
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 0%
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: $0
  • Vacancy Allowance: $0
  • Gross Spendable Income: $0
  • # of Rented Garages: 0
  • Garage Rental Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Personal Property: $0
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $0
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $0
  • Insurance: $0
  • Maintenance: $0
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $0

Property Details for 2007 Bailey St

Interior Features
Fireplace Information
  • No Fireplace
Room Information
  • Flooring: Tile, Wood, Laminate
  • Basement
Interior Features
  • Levels: One, Two
  • Door Features: Double Door Entry
Exterior Features
Exterior Information
  • Other Structures: Two On A Lot
  • No Spa
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Gated, Parking Space, Guest, Unassigned
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Public Records
Property Information
  • No View
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 5175026005
  • Property is Attached
  • Property Condition: Fixer, Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable-105
  • Directions: On Bailey St. In between Brittania & N Cummings St. Cross Streets: E Cesar Chavez
View more facts & features

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Sale History for 2007 Bailey St

Last sold for $500,000 on December 3rd, 2021
  • October, 2021

  • Oct 21, 2021

    Date

    Active Under Contract

    CRMLS: 320007336

    $546,000

    Price

  • Sep 1, 2021

    Date

    Active Under Contract

    CRMLS: 320007336

    $546,000

    Price

  • Aug 25, 2021

    Date

    Pending

    CRMLS: 320007336

    $546,000

    Price

  • Aug 21, 2021

    Date

    Active

    CRMLS: 320007336

    $546,000

    Price

  • April, 2020

  • Apr 8, 2020

    Date

    Expired

    CRMLS: 20545590

    $550,000

    Price

  • Feb 7, 2020

    Date

    Active

    CRMLS: 20545590

    $550,000

    Price

  • Jan 30, 2020

    Date

    Active Under Contract

    CRMLS: 20545590

    $550,000

    Price

  • Jan 20, 2020

    Date

    Active

    CRMLS: 20545590

    $550,000

    Price

  • Listing provided courtesy of CRMLS

    Back on the market. Duplex available with great potential! Investor's delight.Owner has divided some of the rooms to give extra rooms in each unit. One unit is occupied by tenants and the other is individually rented by bedrooms. Both units are very spacious. This is an ideal property for an investor. Buyer is to do their due diligence on the property to check legal square footage and bedroom count. Huge lot, gated property and conveniently located near freeway, shopping center. Basement with a bonus room. Huge parking area in the back. Thre is no for sale sign on the property. Property will not be delivered vacant.

  • August, 2015

  • Aug 18, 2015

    Date

    Sold (Public Records)

    Public Records

    $245,000

    Price

  • November, 2014

  • Nov 3, 2014

    Date

    Sold (Public Records)

    Public Records

    $249,538

    Price

Show More

Tax History for 2007 Bailey St

Assessed Value (2020): $529,380
Year Land Value Improved Value Assessed Value
2020 $325,380 $204,000 $529,380

Home Value Compared to the Market

This property vs the competition

2007 Bailey St sold on December 3, 2021 for 51.25% lower 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 $300 per/sqft which puts the price per square foot 58.56% lower than the current median sale per square foot for the city of Los Angeles.

About 2007 Bailey St

Detailed summary of property

2007 Bailey St is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered -- bedrooms, -- bathrooms, roughly 1,820 living square feet, and sits on an approximately 5,923 square foot lot. 2007 Bailey St was first listed on ArdentRealEstateGroup.com on August 21, 2021. The homeowner sold the property for $500,000. 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 51.25% lower than the current median priced home. Local homes that are currently for sale include 1201 W 54th St, 1507 W 51St St and 1507 W 51St St. While the average home in Los Angeles, CA is selling in 106 days, 2007 Bailey St has a days on market of 71 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 2007 Bailey 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 2007 Bailey St

Public county record property details
Beds
2
Baths
2
Year built
1922
Sq. Ft.
1,820
Lot Size
5,922
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
83
APN
5175-026-005

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
7
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.