2015 E 2Nd St, Los Angeles, CA 90033
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2015 E 2Nd St Los Angeles, CA 90033

$1,225,000 Sold Price as of 01/30/2023
  • 7 Beds
  • 7 Baths
  • 3,248 Sq.Ft.
Sold
$1,225,000 Sold Price as of 01/30/2023 Refinance Your Mortgage

Map preview of 2015 E 2Nd St, Los Angeles, CA 90033

Property Overview: 2015 E 2Nd St Los Angeles, CA has 7 bedrooms, 7 bathrooms, 3,248 living square feet and 8,888 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a seven (7) unit apartment building located at 2015 East 2nd Street in Los Angeles, California. The subject property is situated in a prime Boyle Heights location, south of 1st Street and west of South Soto Street. Built in 1923, this property contains a streamlined unit mix of seven (7) one-bedroom / one-bathroom units. The large 8,888 square foot lot features bungalow style units with brand new windows and limited on-site parking and Tier 3 TOC development incentives. Additional dedicated street parking can be found along Cummings Street. Four (4) units are detached buildings and three (3) units are attached. The property is gated, secure, and located in a residential pocket just 2.5 miles away from Downtown. Construction and development is happening all around the immediate area, demonstrating the strength of the neighborhood. Tenants will love the quick commute to all parts of Los Angeles with easy access to public transportation less than half a mile away at Soto Station. Private commuters will also appreciate the short driving distance to the -10, -101, -60, and -5 freeways. Outdoor recreation is available just down the street at Hollenbeck Park which features grassy knolls, picnic areas, playgrounds, a skatepark, and a man-made lake. Situated in a prime Boyle Heights location, this offering presents an excellent opportunity for any investor to capitalize on strong rental upside potential on a large 8,888 square foot lot in a major transportation hub for Los Angeles.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 4 minutes ago | Last updated: January 31st, 2023 | Source CRMLS | DOM: 45

Home details

Lot Sq. Ft
8,888
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22210843
City
Los Angeles
County
Los Angeles
Time on Site
699 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 5
Unit Breakdown 1
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,216
  • Total Rent: $1,216
  • Pro Forma/Market Rent: $1,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.95%
  • Gross Rent Multiplier: 12.73
  • Gross Scheduled Income: --
  • Net Operating Income: $64,361
  • Gross Operating Income: $99,080
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2015 E 2Nd St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Gated, Uncovered, Street, Off Site
Lot Information
  • Lot Features: Rectangular Lot
Property Information
  • Total # of Units: 7
  • Parcel Number: 5183008007
  • Architectural Style: Bungalow
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: The subject property is situated in a prime Boyle Heights location, south of 1st Street and west of South Soto Street.
View more facts & features

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Sale History for 2015 E 2Nd St

Last sold for $1,225,000 on January 30th, 2023
  • January, 2023

  • Jan 30, 2023

    Date

    Sold

    CRMLS: 22210843

    $1,225,000

    Price

  • Oct 20, 2022

    Date

    Active

    CRMLS: 22210843

    $1,300,000

    Price

  • January, 2002

  • Jan 11, 2002

    Date

    Sold (Public Records)

    Public Records

    $230,000

    Price

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Tax History for 2015 E 2Nd St

Assessed Value (2020): $310,669
Year Land Value Improved Value Assessed Value
2020 $175,596 $135,073 $310,669

Home Value Compared to the Market

This property vs the competition

2015 E 2Nd St sold on January 30, 2023 for 16.07% 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 $400.25 per/sqft which puts the price per square foot 44.72% lower than the current median sale per square foot for the city of Los Angeles.

About 2015 E 2Nd St

Detailed summary of property

2015 E 2Nd St is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered 7 bedrooms, 7 bathrooms, roughly 3,248 living square feet, and sits on an approximately 8,888 square foot lot. 2015 E 2Nd St was first listed on ArdentRealEstateGroup.com on October 20, 2022. The homeowner sold the property for $1,225,000. 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 16.07% higher than the current median priced home. Local homes that are currently for sale include 956 Euclid Ave, 2814 Wabash Ave and 2737 Pomeroy Ave. While the average home in Los Angeles, CA is selling in 106 days, 2015 E 2Nd St has a days on market of 45 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 2015 E 2Nd 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 2015 E 2Nd St

Public county record property details
Beds
7
Baths
6
Year built
1923
Sq. Ft.
3,248
Lot Size
8,888
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5183-008-007

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.